As an AI language model, I do not have information about a specific writer named "black monday writer." However, I can provide some general information about the historic event known as Black Monday.
Black Monday refers to the stock market crash that occurred on October 19th, 1987. On this day, global stock markets experienced a sudden and severe drop in value, with the Dow Jones Industrial Average (DJIA) plunging by 22.6%. It was one of the largest one-day percentage declines in stock market history.
The causes of Black Monday are complex and varied, but economists point to factors such as overvaluation of stocks, computerized trading programs, and geopolitical tensions. The crash had far-reaching repercussions on global financial markets, and it took several years for markets to recover.
In popular culture, the term "Black Monday" has also been used as the title of a television show, which is a comedy-drama series about a group of traders navigating the events leading up to the 1987 stock market crash.
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