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Omicron — it’s Black Friday!

Chew Sutat
Chew Sutat11/29/2021 02:53 PM GMT+08  • 9 min read
Omicron — it’s Black Friday!
Fortunes have been made in past fire sales. Happy holidays!
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Q: Is the bull market over?

A: It depends — which bull market? Shopping, anyone?

Oct 19, 1987 — Black Monday, where a shocking 22.6% plunge on Wall Street reverberated around the world. All 23 major world markets at that time collapsed: eight of them by more than 20%; three of them by more than 30%; and another three by more than 40%. Hong Kong won the bogey prize — it was down 45.8% — and the exchange had to be shut for a week after.

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