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Here are some lessons learned from Black Monday that can guide you now

Here are some lessons learned from Black Monday that can guide you now

Finance
On Monday, Oct. 19, 1987, the Dow Jones Industrial average fell 22.6 percent in one day. It's been 30 years since then, but the event still holds some valuable lessons for any investor today.New innovations, such as program trading, which powered portfolio insurance and trading on indexes and index futures, were blamed for what happened on Black Monday.At the time, as much as half of the market's trading volume was programmatic. When index futures in Chicago were lower than the actual indexes on Wall Street, the programs would sell stocks. Unfortunately, the rout was on when the futures market remained lower throughout the day and investors panicked and sold, too.From the beginning of 1987 through August of that year, the Dow had jumped up 44 percent in value — but then fell roughly 10 per
James Blunt crowd-surfs in a dinghy – and other things we learned at Radio 2's Hyde Park show

James Blunt crowd-surfs in a dinghy – and other things we learned at Radio 2's Hyde Park show

Entertainment
Media playback is unsupported on your deviceJames Blunt set sail over the audience at Radio 2's Hyde Park festival on Sunday - perched precariously inside a rubber dinghy.The star's take on crowd-surfing came at the end of a mid-afternoon set, which featured the hits You're Beautiful, Bonfire Heart and 1973.But he came to a sticky end when the Union Jack dinghy capsized about 30 rows back from the stage."Can we have him back, please?" compere Ken Bruce asked the crowd.Blunt later emerged unscathed, after posing for selfies with (some of) the 35,000-strong audience.Radio 2 Live in Hyde Park: Full coverageRadio 2's rain-soaked "festival in a day" also saw performances from Stereophonics, Rick Astley, Emeli Sande and Blondie.And country star Shania Twain gave her first UK performance in 13 ye...