Black Monday refers to October 19, 1987. On this day, stock markets around the world crashed. In the US, the Dow Jones Industrial Average dropped by a staggering 22.6% in a single day. One factor was the overvaluation of stocks in the preceding years. Program trading also played a role, where computer - generated trading algorithms exacerbated the selling pressure.
Indeed, 'Black Monday' on HBO is a true - story - inspired show. The 1987 Black Monday crash was a major event in financial history. The series uses this historical event as its foundation. It portrays the chaos, the high - stakes trading, and the aftermath of that fateful day. However, it also weaves in fictional characters and storylines to make it more of an entertaining drama.
Partially. The show takes elements from real financial incidents but fictionalizes and dramatizes them for entertainment purposes. So, it's a blend of truth and creative storytelling.