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As investors sold futures to protect themselves against a crash, the cash price of shares was driven down as well.
Fund managers often use futures to protect against a decline in the value of their equity and bond portfolios.
This involved investors selling stock-index futures to protect themselves from falls in the value of their portfolios.
Will all of them risk their futures to protect someone whose focus is on himself alone, the rest be damned?
Similar(56)
Call Congressman X and tell him not to gamble our future to protect tax breaks for big oil and billionaires.
July 2. TERMINATOR 3: RISE OF THE MACHINES -- Arnold Schwarzenegger returns to the series that made him a star, playing a friendly cyborg sent from the future to protect a budding revolutionary.
For the uninitiated, Reese is a resistance fighter who travels back in time from a post-apocalyptic future to protect the mother of the resistance leader John Connor (during which, it transpires that he is John's father).
But more sweeping measures will be needed in the future to protect the region's isolated tribes, says Beatriz Huertas Castillo, an independent anthropologist in Lima who has been monitoring the welfare of isolated tribes in the Amazon borderlands.
It has territory to defend, a future to protect.
And he understands that it's part of our future to protect our past". .
American elites are engaged in a more short-sighted strategy of destroying any possible bridge to a post-oil energy future to protect their status quo profits.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com