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Hit by a computerized crash, the stock-market bulls take a beating

At least in financial circles, Sept. 11 will forever be famous for more than being the birthday of D.H. Lawrence, Ferdinand Marcos and Dallas Cowboy Coach Tom Landry. Shocking investors both here and abroad, the Dow Jones industrial average nose-dived 86.6l points last Thursday, the largest one-day drop in the history of the New York Stock Exchange. Bond prices also fell, although not so sharply, amid renewed market worries that the U.S. economy was about to face higher interest rates and increased inflation.

The big Thursday drop "shell-shocked" Houston Accountant Jerry Anhalt and hundreds of others in the financial community around...

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