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Experts Recount '87 Crash Horrors

Traders Magazine, January 2008

Gregory Bresiger

Risk models used by traders today pose a problem and should be studied further to ensure their failure doesn't trigger another crash, a former New York Stock Exchange executive recently said. Former Big Board CEO John Phelan made that point for a Webcast that reviewed the 1987 stock market crash, when the market fell 22 percent. In response to a question on whether another crash could occur, Phelan stopped short of predicting one.

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