Meltdown Monday is a term used by some financial news outlets to describe

Monday Monday is the day of the week between Sunday and Tuesday. According to the International Organization for Standardization's ISO 8601 standard, it is the first day of the week and in countries that adopt the "Sunday-first" convention, it is t ...

s with large losses in

financial markets A financial market is a market in which people trade financial securities and derivatives at low transaction costs. Some of the securities include stocks and bonds, raw materials and precious metals, which are known in the financial ma ...

. In the late 1980s, and early 1990s, the term was used most often in reference to October 19, 1987, which later became known as Black Monday 1987 (a

reference Reference is a relationship between objects in which one object designates, or acts as a means by which to connect to or link to, another object. The first object in this relation is said to ''refer to'' the second object. It is called a '' name'' ...

to the older term with a similar meaning,

Black Monday Black Monday refers to specific Mondays when undesirable or turbulent events have occurred. It has been used to designate massacres, military battles, and stock market crashes. Historic events *1209, Dublin – when a group of 500 recently arriv ...

). Several events which were initially referred to as ''Meltdown Mondays'' by the press have since been referred to most often as ''Black Mondays''.

References

Monday Financial markets {{Finance-stub