Black Monday and The Black Swan

Monday, October 19, 1987, is a day I will never forget. The Mighty Dow crashed 508 points, 22.6%! It was a day of chaos and panic, but no surprise. I was test-marketing the VectorVest Stock Advisory at that time and our trustworthy VV DJIA warned us that the Dow was 19.4% overvalued when it closed [...]