Learning lessons from market drops

Two recent news events got me thinking about the past. First was the dizzying market drop in August, the only ‘good’ result of which is that, after six years, the market has finally corrected so we can all put that behind us. Commentators compared the day with Black Monday, the global market crash on October 19, 1987, when the Dow fell 508 points, or nearly 23 percent. Both corrections began the day in Asian markets and followed the sun around the globe, both concluded weeks of intensifying