Blog entries tagged with "index"
DOW JONES INDEX WARRANTS EXAMINATION
By Professor J. Scott Colesanti, Hofstra University School of Law on August 28, 2009 - Comments(0)
Between the morning of October 19, 1987 and the closing bell of October 20, 1987, the Dow Jones Industrial Average fell 25%. Shunning the drastic remedy of closing the markets (akin to FDR’s “bank holiday” of March 1933), the regulatory response ultimately took the form of ‘circuit breakers,’ crudely ...
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