Ghost of ‘Black Monday’ still haunts

Memories of the day when the blue-chip stock index was undone by panic to trigger a record Dow Jones Industrial Average plunge of 508 points, equal to a 22.6% drop, stands as a stark reminder that no market is crash-proof.

Indeed, on the 30th anniversary of the biggest one-day stock market crash in history, many observers wonder if another crash could be imminent.

The current bull market began for the S&P 500 eight years ago, with the benchmark index having since gained up to 250%, a figure many predict must herald a major fall sometime soon.