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The Age of the Algorithm

Traders Magazine, August 2004

John A. Byrne

Is Another Disaster Just Around the Corner? Some brushes with trading disaster during the last bull market are unforgettable. Next month will mark the anniversary of one of these near apocalyptic moments: Black Monday, October 19, 1987. That's when the Dow Jones Industrial Average sank 508 points - a huge 22.6 percent plunge back in those days.

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