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Posted on 9 Aug 2011 | 5,746 views
Is it a Stock Market Crash When the Dow Jones Industrial Average Drops 1,147 Points Over Three Trading Days?

After “Black Tuesday“, October 29, 1929, Variety declared “Wall Street Lays an Egg” — to describe a drop of 23 percent in the stock market over two days. In the stock market “Crash of 1987”, the Dow Jones Industrial Average lost 22.6 percent of its value in one day. On Monday August 8, 2011 the Dow dropped 634.76 points to 10809.85. Does the sharp decline qualify as a “Stock Market Crash”?

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Posted on 5 Mar 2011 | 46,010 views
Wall Street Lays An Egg 1929 Stock Market Crash

That was the famous headline in Variety magazine after Black Tuesday in 1929, when the stock market crashed. The term originated in the late 1800s in vaudeville and was extended to non-theatrical failures in the early 1900s.