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A stock market panic like 1987 could happen again
A powerful feedback loop from human to human can set the market spinning.
Add BT as a preferred sourcePublished Tue, Oct 24, 2017 · 09:50 PM
New York
OCT 19, 1987, was one of the worst days in stock market history. Thirty years later, it would be comforting to believe it couldn't happen again.
Yet that's true only in the narrowest sense: Regulatory and technological change has made an exact repeat of that terrible day impossible. But we are still at risk because fundamentally, that market crash was a mass stampede set off through viral contagion.
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