Inspecting the data
The year 1987 was the year of "Black Monday". On 19th October stock markets around the world crashed and the Dow Jones Industrial Average declined 508 points to 1738.74. Articles such as the one contained in reut2-020.sgm-962.txt describe the event:
19-OCT-1987 16:14:37.57 WALL STREET SUFFERS WORST EVER SELLOFF Wall Street tumbled to its worst point loss ever and the worst percentage decline since the First World War as a frenzy of stock selling stunned even the most bearish market participants. "Everyone is in awe and the word 'crash' is on everyone's mind," one trader said. The Dow Jones industrial average fell 508 points to 1738, a level it has not been at since the Autumn of 1986. Volume soared to 603 mln shares, almost ...
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