October 9th, 2009 
admin For sports fans, the month of October means the World Series. Kids equate it with Halloween. For Starbucks junkies, it’s the return of pumpkin-spice lattes.
A general view of the trading floor during the closing bell at the New York Stock Exchange July 13, 2009, in New York City. For stock investors, October has been notoriously synonymous with their worst fears: market crashes. (Getty Images/ABC News Photo Illustration)
But for stock market investors, October has been notoriously synonymous with their worst fears: crashes. The most infamous and steepest stock market value declines — “Black Friday” in 1929, “Black Monday” in 1987 and “Black Week” in 2008, when the Dow Jones industrial average lost 22 percent in eight consecutive sessions — all happened in October. In 1989, a lesser-known, “mini crash” took place October 13, another “mini-crash” occurred in October 1997.
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