Why Mondays Are Stormy

Monday August 31 1998

Most folks are a bit cranky on the first day of the workweek, but their Monday blues are nothing compared with those of the stock market. Last week's 512-point plunge in the Dow was just the latest jolt to Wall Street (and international markets) after the weekend--from Oct. 28, 1929, to Black Monday in 1987, to the 554-point dive last Oct. 27. Indeed, half of the 10 biggest drops in the Dow's history, both in percentage and point terms, came on Monday, which has been the worst day of the week for stocks over the past four...

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