Bob Wang

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Radio stations getting the news interrupted their programming to share news of Babson’s prediction, again without context. More than two million shares traded in that final hour, and the Dow lost 2.6 percent on what had been a quiet day until the Babson story hit. It would become known as the “Babson Break.” While one paper described Babson as one “to whom Wall Street has not in past years paid any particular attention,” it pointed out
A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation
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