Please tell us what occurred on Black Monday. What was its impact on investors?

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Does anybody know what happened during Black Monday and its effects on the participants in the investing market at that time?

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Black Monday is a term that has its origins in October 19, 1987, the day on which Wall Street recorded its largest loss ever in a single day and was characterized as Black Monday,or also known as The Monday Massacre. This day has a remarkable effect to traders around the world. A majority of the people experienced a massive devaluation of their assets which spurred on mass hysteria and some attempts at all selling stocks. People who held their investments, continued to see the eventual recovery of the market.
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