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Economy: Stock Market / Crash Anniversary #112451

ABC Evening News for Wednesday, Oct 19, 1988
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(Studio: Peter Jennings) Stk. Mkt. Report First anniversary of stock market crash in 1987 noted; scenes shown of man selling bumper stickers. Report introduced.

(NYC: Ken Prewitt) Reaction to crash one year later featured; scenes shown. [Merrill Lynch representative Leon PIERCE - calls crash a "shocker."] Temporary nature of crash reviewed. [Auto dealer Stanley GRANT - says car market bounced back.] "Money "mag. and Charles Schwab and Company surveys of American investors outlined on screen. [Salesman Oswald PETERS - explains investment strategy.] [Investor Roy BABYLON -discusses his investment losses.] Trend in investment strategies detailed. [PIERCE - says now firms have to find customers.] [NYU business school Dr. Robert SCHWARTZ - says crash could happen again.]

Jennings, Peter;
Prewitt, Ken

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