Black Wednesday – October 21st, 2015 – The Last Time a $50+ Billion Stock Declined 40% Intra-day

Black Wednesday – October 21st, 2015 – The Last Time a $50+ Billion Stock Declined 40% Intra-day by TheLongShortTrader Today will be a day to remember for many market participants. It is a day I will never forget. Today bore a faint resemblance to the October 1987 crash, but for stockpickers. Valeant Pharmaceutical’s stock fell intra-day (at its lowest point) -40% . -40%!!! That’s right, a $50+ billion market value company declined 40% in value within the day. That rarely happens. I may write a more coherent post later, but here are a few things I’d like to write so that I can look…