# Prof. Richard Sylla recalls 1987's Black Monday

1 Faculty News October 22, 2012 ![Fox Business logo](/sites/default/files/styles/246w/public/assets/images/con_031722.jpg?itok=a0Gxu60a)>

Excerpt from [Fox Business](http://www.foxbusiness.com/markets/2012/10/19/black-monday-memories-loom-large-25-years-later/) -- "'It was chaos. People who were in the markets were shell-shocked,' said [Richard Sylla](http://www.stern.nyu.edu/faculty/bio/richard-sylla), an economics professor and financial historian at NYU. 'If you were lucky enough to get through on the phone to your broker, you didn’t really know what happened. Your order was behinds hundreds and thousands of other transactions.'"

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