Immediately following the Crash of 1987, the stock market:
A)remained in a slump for five years.
B)remained flat for an extended period of time.
C)had one of the biggest short-term gains ever.
D)began a very slow and choppy recovery.
E)began a very slow and smooth recovery.

Question

Quizplus · Accepted Answer

Despite the crash causing panic and widespread sell-offs, the market rebounded quickly with a rapid one-day gain of over 10% on October 20, 1987. This made it one of the biggest short-term gains ever.

Immediately Following the Crash of 1987, the Stock Market