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Peter Borish on Lessons From the 1987 Market Crash
Masters in Business
Black Monday and the Fed's New Chairperson
The market started to pull back in August and into September expiration remember back then there was only quarterly expirations right so there was a lot more activity around that. When you sort of had the the technical lining up with the fundamentals because of the issues that were taking place globally at that time, we thought Greenspan would be very aggressive in reducing interest rates which he did.
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