Sina US Stock News reported on the morning of the 20th Beijing time. According to a report on the US “Business Insider” website, October 19, 1987 was the darkest day in the history of the US stock market. The Dow Jones Industrial Average plummeted 508 points that day, a drop of 22.7%. This day will go down in history as “Black Monday” forever.
Has anyone been lucky enough to escape this disaster? Yes, he was Donald Trump, the current president of the United States and a real estate investor at the time. According to Trump's own claims, he had polished all of his stocks a month before the US stock crash.
Donald Trump 30 years ago, with his father Fred Trump on the left and famous boxing agent Don King in the middle
In an interview with the Wall Street Journal that year, Trump said, “I sold all my stocks last month.” He also predicted that something even scarier would happen to the stock market.
Trump said, “I think the market will decline further. There are too many things wrong with this country.”
However, this prophecy did not come true. Although it took the US stock market about a year and a half to recover the losses caused by this major crash, after that, the stock market entered the longest bull market since World War II.