History is repeating in markets. 100% investment is not a good investment strategy. I am trying to keep at least 20% in cash . I think we are due for another one.
https://www.thebalancemoney.com/what-is-black-monday-in-1987-1929-and-2015-3305818
Black Monday in 1929, 1987, 2015, and 2020
Key Takeaway
- The first Black Monday was October 28, 1929; it was the first Monday after Black Thursday, which kicked off the stock market crash of 1929
- The sell-off did not start the Great Depression of 1929, but it set the stage by shattering confidence in business investing.
- Black Monday is used most often to refer to the second-largest one-day percentage drop in stock market history, which occurred on October 19, 1987.
- The most recent Black Monday, on March 9, 2020, came a few days before the Dow entered a bear market, ending an 11-year bull market.