The 1987 Black Monday crash was so swift and severe that some were questioning whether it was the signal of an oncoming depression:
Most people didn’t actually think 1987 equaled 1929 but the crash was painful enough to cause pundits to at least consider the possibility that an economic calamity was on the horizon.
The stock market fell more than 20% in a single day and nearly 35% over the course of a week but the …