What can be learned from the major stock market crashes this century? What influences investor behavior? Can investors reliably predict market turndowns? These questions arise naturally among investors this month, the 10-year anniversary of the stock market crash of 1987. To explore them, the Graduate School of Management at UC Davis is holding the only West Coast conference on the 1987 crash Friday and Saturday, Oct. 17-18. Nationally recognized practitioners and academics at the conference will include Robert Parry, president of the Federal Reserve Bank of San Francisco; Fred Grauer, chair of Barclays Global Investors; Jens C. Jackwerth of the London Business School; and Donald H. Straszhiem, president of the Milken Institute and former chief economist at Merrill Lynch. Professor George Bittlingmayer, a stock market expert in the business school at UC Davis, is the conference chair. "One of the lessons learned from the '87 stock market crash is that market integrity and not volatility influences individual investor behavior," says Grauer. "The psychology at the time of the crash was to establish blame and a general unwillingness to 'face the music' which exacerbated the recovery." Reporters will have access to the stock market experts at 2:15 p.m. in the Cabernet Room of the Sacramento Hilton Inn, located at 2200 Harvard Street. For more details: www.gsm.ucdavis.edu/~gnbittli/Crash_Bash/.
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Julia Ann Easley, General news (emphasis: business, K-12 outreach, education, law, government and student affairs), 530-752-8248, jaeasley@ucdavis.edu