Ben Gold

From the blog: Thirty years ago, October 19 1987 became known as Black Monday as global stock markets crashed. Black Monday remains the biggest one-day fall, 22.6 per cent, in the US Dow Jones Index.

 

A driver of the falls was widespread use of computer programmes that were supposed to protect investors by selling when asset prices fall. However, this herd approach caused the falls to snowball.

 

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