Black Friday

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Related to Black Monday: Black Friday, Black Tuesday

Black Friday

1. Any day of major financial chaos or disaster; refers specifically to September 24, 1869, when stock speculators attempting to corner US gold trade caused the entire market to crash. The extremely fast growth in Wall Street has some economists worried that another Black Friday might be ahead if such growth continues unchecked.
2. The day after Thanksgiving in the US, on which extravagant sales create a frenzy of consumer activity in stores across the country. I hate working in retail on Black Friday—everyone acts like a crazy person!
See also: black, Friday

Black Friday

1. Also Black Monday, Black Tuesday, etc. A day of economic catastrophe, as in We feared there'd be another Black Friday. This usage dates from September 24, 1869, a Friday when stock manipulators Jay Gould and James Fisk tried to corner the gold market and caused its collapse. The adjective black has been appended to similar occasions ever since, including October 29, 1929, the Tuesday of the market collapse that marked the start of the Great Depression, and Black Monday of October 19, 1987, when the stock market experienced its greatest fall since the Great Depression.
2. Any day marked by great confusion or activity, as in It was just my luck to be traveling on Black Tuesday. This usage, too, is based on the events of 1869, marked by economic chaos. It has since been extended to other kinds of confusion, such as an accident hampering traffic during the evening rush hour.
See also: black, Friday
References in periodicals archive ?
This was one warning of Black Monday, among others; but no one seemed to have taken note or realized their significance.
Black Monday inspired Michael Lewis to leave Wall Street and write "Liar's Poker," followed by "Moneyball," "The Blind Side," "The Big Short," "Boomerang" and others.
2% following a wave of panic selling across the Atlantic on Wall Street - that became known as Black Monday.
The Dow Jones industrial average plunged more than 360 points Friday the 20th anniversary of the Black Monday crash--as lackluster corporate earnings, renewed credit concerns and rising oil prices spooked investors.
October 19, 1987, or Black Monday, saw the second largest one-day percentage drop in stock market history.
Greenspan views turmoil as identical to Black Monday crash: WSJ
Hundreds of students at Village Christian School wore black Monday as they mourned the deaths of two classmates killed in a car accident just hours before the school's football game last week.
If the dollar depreciates too quickly, it could precipitate a sell-off in stock markets (like Black Monday in 1987, which was instigated by then Treasury secretary James Baker's attempts to push the dollar lower).
1987 Wall Street was struck by Black Monday, when millions were wiped out by stockmarkets around the world.
Bergsten himself says that the post-Plaza decline "set the dollar up for a hard landing" and "contributed mightily to Black Monday in the stock market that October.
Little did he know his first day on the job was doomed to be Black Monday, the nightmarish day when internal auditors trying to clean up the company's financial mess announced that $122 million (US) had allegedly been sunk into private investments without the knowledge or approval of the board of directors.
It turns out Woodward has parachuted us right into Black Monday, the biggest one-day slide in stock market history.
She must have had a lot of her investment in cash, or solid stocks, especially during Black Monday in 1987 and she must have spent a lot of time moving stocks and shares around and ensuring her money was working to its full potential for her and her son.
By contrast, almost all tactical asset allocators were largely out of the stock market on Black Monday.
Metz, a twenty-one-year veteran reporter for The wall Street Journal, has written a minute-by-minute, crisis-by-crisis account of Black Monday and its less well known cousin, Terrible Tuesday, when the U.