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Commentary: Two Decades and Four Flash Crashes

What Have We Learned?

Traders Magazine Online News, October 19, 2010

Stephen J. Nelson: The Nelson Law Firm, LLC

The flash crash provides context to Warren Buffet's characterization of derivatives as "instruments of mass financial destruction." And to quote that most famous of oracles, Yogi Berra, "it is deja vu all over again."

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