Nothing Real Matters
NME,
the Last Chance Exchange
A series of vinyl shares quote displays, in the
manner of the counters that inhabit financial centres, announce rates
of profit as markets closed, each one the day previous to a famous fall.
The most recent addition is the 11th September 2001 display, taking it’s
place alongside Black Monday in 1987 and Black Tuesday in October 1929,
enabling the world’s economy were to freeze on a good day.
"Collect the Whole Series!"
- September 10, 2001
- October 18, 1987, Black Monday
The day previous to the crash in 1987 which marked the single biggest drop in value in the stock market's history. In a single day approximately $1 trillion dollars invested in the stock market evaporated. October 19, 1987, Black Monday to most financiers, saw the single largest point drop in the history of Wall Street, 508 points or 22.6 percent of its total value.
- October 28, 1929
Despite reaching an all time high on September 4, 1929 as a result of the American industrial revolution right after the Labour Day weekend, by October 24, 1929 the stock market was down 20%. On October 28, 1929 the stock market was down another 13.5%. On the historical day of October 29, 1929 the stock market dropped 11.5% to bring the Dow down a total of 39.6% from its high. The market had lost 14 billion dollars of wealth.
