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‘Black Monday’ Season 1: How a series of events rocked Wall Street and changed, well, nothing

With the release of Showtime’s upcoming series ‘Black Monday’, Meaww sat down with professionals in the industry to dig deeper into what really happened and why.

While Showtime’s newest series ‘Black Monday’ is considered a comedy, it is actually based on real-life events that weren’t so funny.  Back in 1987, Wall Street was in full swing, making people millions of dollars at the drop of a hat.  That is until October 19th, 1987 when stock markets around the world crashed.  This crash was unlike any that had ever happened before, and to this day, it is still one of the most devastating hits Wall Street has ever taken. 

For many stockbrokers, this day was one of the most catastrophic and impactful days of their careers.  Even for those that got into the business after 1987, Black Monday still affected them and the trajectory of the business in massive ways.  MEAWW spoke with Marc Stone who began his career as a stockbroker and financial planner just two years after Black Monday in 1989.  Having started in the business so soon after such a disastrous event, Stone expanded on the takeaways he got from Black Monday.