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Old Pros Recall 1987 Market Crash—25 Years Later
Three old pros remember Black Monday on 25th anniversary of market crash. Black Monday — Oct. 19, 1987 — the Dow Jones Industrial Average dropped 508 points (down 22 percent), the largest-ever one-day percentage decline in the Dow. I was working in Philadelphia that day, but the following morning, while the market was opening, I hopped a train and headed to the place all the traders congregated: Harry's Bar. Twenty-five years later, I assembled three old pros who were working on the NYSE floor that day, and who are still on the floor: Neil Catania, (MND Partners), Donato Cuttone (Cuttone and Co), and Tom Facchine ... (full story)
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- Oct 19, 2012 11:01pm Oct 19, 2012 11:01pm
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- Silasudoh
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EVERYONE GET WHAT THEY WANT FROM THE MARKET
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