Chapter 325 Black Monday (2)
In just half a day, except for a few people such as Jing Jian, who can still sit firmly in Diaoyutai, the entire securities market has become chaotic. In fact, in response to the abnormal panic in the market, those managers in the United States are not without measures.
At the morning meeting, the Fed team and the governors of central banks around the world were somewhat alert to the situation, and during the meeting, they discussed emergency measures such as lowering interest rates and injecting liquidity. However, because of the calm in the media, many people thought that the danger would not come soon, or that there would not be a big pullback.
At 7:30 a.m. before the opening of the market, John Filming, chairman of the New York Stock Exchange, received a report from the staff on duty in the marketing department: "The number of nearly 100 million shares is basically selling." I've never seen so many selling orders in my life, and it seems like no one in the whole world is buying!"
So half an hour before the market opened, Filmin immediately made a decision and immediately asked a meeting of more than a dozen of the largest securities companies on Wall Street, and they had actually foreseen that the market would fall sharply, so they discussed whether to close the market?
With the plunge after the market opened, near noon, the index rebounded and even rose to 2,100 points when it approached the important psychological threshold of 2,000 points. Everyone breathed a sigh of relief.
However, at 13:09 p.m., the chairman of the US Securities and Exchange Commission, David Luther, was interviewed by reporters in Washington, D.C., and made a very euphemistic speech: "At a critical moment, although we do not know when this critical moment will be, I will discuss with the stock exchange the temporary closure to deal with the problem of unbalanced trading orders." ”
Unexpectedly, the euphemistic words immediately turned into a "bombshell," and the stock market, which had just seen a glimmer of vitality, immediately appeared in a frenzy of selling! Subsequently, the "anchor of the sea" in the US stock market -- the super-large institutions -- also took action, and the big investors in pension funds, mutual funds, insurance funds, and other institutions also joined the ranks of the frenzied selling, and the Dow Jones Industrial Average plunged like a demon.
Since then, a new term has emerged in the stock market - flash crash!
By two o'clock in the afternoon, it had fallen by more than 200 points, and the stock had changed hands by more than 400 million shares, but the computer was a full 100 minutes behind the actual trading speed. During this period, the SEC hurriedly came forward to clarify: "They did not discuss anything about the closure of the exchange." "But it was too late, and the catastrophe could not be stopped.
At this time, there was only more than an hour left before the close, but in this short but long hour, the Dow Jones Industrial Average fell nearly 300 points again in this seemingly frozen air, changing hands by 200 million shares. It was not until the market closed in the afternoon that the "high platform diving" was forced to stop.
At the end of the day, the Dow Jones Industrial Average fell by 508.32 points, from 2246.72 points to 1738.470 points, a drop of more than 20%, and "gloriously" became the loser of the US stock market. If you convert abstract indices into currency, the New York stock market crash wiped out $500 billion of market capitalization. This amount was equivalent to almost one-eighth of the gross domestic product of the United States that year, and even exceeded the gross domestic product of France.
Ironically, about 28% of the orders failed to be executed due to the lag in the computer system, including 92 million limit orders. Many investors, especially small and medium-sized investors, don't know until two or three days later that their shares are not sold. In addition, the U.S. government bond market is also in turmoil due to changes in stock prices. News organizations, on the other hand, due to the influence of computers, reported the closing price of the stock market five and a half hours after the market closed.
......
After school, he walked to the parking lot with Zhao Xia, and there were people around him who kept pointing at the two of them, which made Zhao Xia more and more scared, leaning behind Jing Jian, and holding Jing Jian's arm tightly. Finally, he couldn't help the curiosity in his heart, and asked in a low voice, "What are they doing here?"
"Hehe, I envy our talented women. Jing Jian joked.
Mills suddenly appeared mysteriously with his girlfriend and gave a thumbs up: "Bramble, good job!"
Jing Jian waved his hand and smiled. As a member of ULCA, these students have a sense of honor. Of course, that kind of envy is indispensable, because those who know that Jing Jian may really have earned at least $100 million.
And Zhao Xia finally suddenly realized: "Xiaowa, are you making money in the stock market?"
"Hehe, a lot, a lot. Find a restaurant later, and corrupt it today. ”
"Save a little, there are still vegetables at home. ”
"Let you find a servant, you still won't, your man is not bad at this. Go to the hotel, Chinese restaurant for a tooth sacrifice. Olive oil and salad oil every day, are you still living this day?"
Jing Jian was reluctant to say how much he had earned, firstly, the dust had not yet settled, and secondly, he was afraid of frightening Zhao Xia. Although now Zhao Xia is a little numb to Jing Jian's wealth.
Because of the leverage of 1:8 and the set 30% take profit point, Jing Jianguang's profit in the US market will exceed 500 million, plus more than 200 million in principal, optimistically, the final capital can reach 700 million or 800 million US dollars.
When I came to the parking lot, I saw several reporters surrounding me: "Mr. Bramble, what do you think of today's stock market crash?"
"Mr. Bramble, do you predict that the U.S. economy will enter the Great Depression in the future?"
"Mr. Bramble, have you achieved your goal of making 100 million this time? Are you already a billionaire?"
"Are you the first billionaire in Red China?"
"Mr. Bramble, do you have anything to say to those who have refuted your views before?"
“......”
Finally squeezed to his car and opened the door, Jing Jian finally spoke: "I think I have tried my best to warn, and I wish every investor good luck." But to those of you who have commented on me before, I'd like to say a few words, sorry, I'm really not targeting any one of you? I just want to say that you're all rubbish!"
Jing Jian is not a good-tempered person. Since those people were besieged proudly before, now that they have the opportunity to slap them in the face, of course they will not let go. And this "famous saying" from Stephen Chow's movie in the previous life, used here, is simply exquisite. Moreover, the discipline of these financial commentators is too bad, and they manipulate public opinion, and those small and medium-sized investors in the United States are really pitiful.
......
Seeing Jing Jian drive away, those reporters could not suppress the excitement in their hearts. Finally someone said, "Wow! This has offended all Wall Street." ”
"Huh, do you count, how many people has this Chinese boy offended?"
"Wall Street, the film industry, the computer IT industry, and Colin?"
"God!"
"Haha, whatever, there's big news in tomorrow's newspaper anyway. ”