Chapter 437: Stock Market Crash

"It's almost time, and the funds are all in place. "Fang Jiange sat in front of the computer, and after concentrating on some operations, he nodded cautiously to Hu Wenhai.www.biquge.info

In the dining room of Zhao Xicheng's villa, four or five computers are messily placed on the long dining table. All kinds of cables come together like an abstract river of information into a sea of telephone networks across the United States.

The 9600bps modem is capable of providing these computers with an automated trading system of about 1 k/s for the US stock exchange market.

This is actually more than enough bandwidth for stock trading.

Of course, this is under normal circumstances. If the processing volume of trading information exceeds the processing capacity of the stock market server, the result will definitely be a collapse of the trading system, and I don't know how many people will see you on the rooftop with tears in their eyes.

However, such a situation has never happened in the history of the U.S. stock market. The automated trading system for stocks has been well received by almost everyone since the day it was introduced.

Since 1982, when the U.S. stock market launched stock index futures trading, with the current situation of the U.S. economic boom, the sesame seeds have been blooming. According to a survey of numerous financial magazines, the number of people investing in stocks in the United States in 1987 was at least 20% of the total population. If you convert this number to U.S. households, it is likely that all households in the U.S. have invested in the U.S. stock market.

In this context, it is conceivable that the US stock market is currently in a rather prosperous phase.

It is against this background that Hu Wenhai has vowed to "make trouble" in the US stock market. One can imagine how the vast majority of people will view him.

In fact, Hu Wenhai does not know much about finance. For him, some of the financial events that he remembered, probably the Plaza Accord of the '80s, the collapse of the Soviet Union due to the collapse of the oil crash, the oil crisis caused by the Persian Gulf War, the Southeast Asian financial crisis of the '90s, the subprime mortgage crisis of the new century, and the international financial events were pretty much all he knew -- oh, and of course there was a well-known event, Black Monday.

On Monday, October 19, 1987, the stock market crash that erupted from the United States swept through the entire Western world almost instantly.

On the one hand, Black Monday was really thunderous, and on the other hand, it was almost the only time in history that it created a miracle that the automated stock trading system was forced to crash due to the large amount of data processed.

It is precisely because of this that Hu Wenhai firmly remembers this day and the meaning of Black Monday.

As a reborn person, although Hu Wenhai did not focus on the financial industry, he even resisted the excessive financial expansion in his heart. But this kind of thing of falling money from the sky doesn't have to be because of a little spiritual cleanliness, or because there are too many rebirth stories written in this way, so you have to go against the grain and let go of such an obvious opportunity.

For Hu Wenhai, it's still the same sentence. If the career of the reborn is limited to money, it is really a thing that is not pursued. With a twenty or thirty year information gap, it is easy to get rich. No matter how much money you need, it's all over the world.

If a person only invests in Microsoft, Apple, or Google in his life, he may be kicked out of the board of directors in minutes, and the little shares in his hands will not even be considered shareholders. But if one has invested in Microsoft, Apple, Google, Must-Die, Amazon, AOL and Yahoo, Alibaba, CBS, ......

Don't doubt it, the name of this company is "Sequoia Capital". If Sequoia Capital does not interfere with a company after investing, or in other words, it is said to ignore it, the operators will have to worry about it. Only Sequoia Capital has ever kicked the founder out and diluted other people's shares, which company has eaten the bear's heart and dared to attack Sequoia Capital's shares?

Why is Sequoia Capital so special? Because Sequoia Capital has already proven its value in the capital market.

It has long been proven that money is not everything. Capital is not simply green money and silver, and many things may not be bought with money. Compared with the goal he wants to achieve, let alone 10 billion or 100 billion US dollars, even if he has 1 trillion US dollars of foreign exchange in hand, won't China in the future also have so many resources and technology that cannot be bought with money?

Even for the small things of Hughes, the role that money can achieve is quite limited.

Only when a person or a country proves its worth and ability countless times, in the eyes of others, this is the real capital.

"Okay, let's set a small goal that can be achieved first, for example, let's make it 100 million first. ”

Hu Wenhai clapped his hands and watched as the members of the team that he had used to check the accounts before entered their seats, as if the captain was on the bridge.

"Landing on the London stock market, have all the funds borrowed from Siemens, Mercedes-Benz, and Rolls-Royce been in place?" Hu Wenhai looked at the time on his watch, and it was just dawn outside the villa at this time.

Chen Fa tied his hair into a ponytail today, wore a neat athleisure suit, and sat in front of the computer to operate quickly.

At 5 a.m. EST, which is exactly 10 a.m. in Zone 1, the London Stock Exchange enters electronic trading hours.

Soon, the computer's trading signals crossed the Atlantic Ocean and connected New York and London. Sitting in the dining room of a New York villa, you can manipulate hundreds of millions of dollars of huge funds across the ocean.

Chen Fa's voice was crisp and capable, like a lark in the valley: "The trading account of the London Stock Exchange shows that it has been received, and the operating funds are nine hundred million US dollars. ”

"Take your time, we have five hours to collect chips, which is enough. Now, allocate funds and sell the FTSE 100 index in small quantities multiple times. ”

"Mr. Hu, how much is the transaction amount?" Chen Fa withdrew his gaze from the faces of the traders, and took the initiative to ask Hu Wenhai.

Hu Wenhai pressed the play button of the tape recorder vigorously: "All, all the funds we can mobilize!"

Beethoven's fate rang out.

......

The so-called Black Monday is not actually the stock market crash that began on October 19, 1987. As early as the last hour of Friday, the 16th, the market had a sufficiently accurate omenomy.

The Dow Jones index, for example, plummeted 91 points in the last hour – equivalent to 5% of the Dow Jones' peak in 1987.

It's like a roller coaster that climbs to the highest point, and begins to experience a little bit of gravity.

Some people with a keen sense of smell are already grasping the safety bolt, preparing for the thrilling inertial falling process. Others, on the other hand, think that this is just a "technical adjustment" before climbing to the top.

There is a clear saying among all investors in the world, that is, "when the cleaners also start buying stocks, it is time to leave the market".

In fact, by 1987, the boom in the U.S. stock market had indeed attracted all the money that could be invested. Not only the cleaners, but even the homeless people on the street put what little wealth they had into the stock market.

After the incident, the U.S. economic community continued to analyze and search, and felt very strange about the cause of Black Monday. Because before the 19th, there was no news or news that was unfavorable to the stock market, and the real economy of the United States was even running quite well. But it was such an unreasonable day, and the U.S. stock market inexplicably ushered in another dark day in history.

Economists have used a variety of theories to explain the crash, such as herd mentality, market failure, and economic imbalances......

In fact, if you find an ordinary old Chinese stockholder 30 years later, light a cigarette, and mention the Black Monday case, most of them will receive an answer that sneers at these economists.

Isn't it just a big family cutting leeks?

The cause of Black Monday is not so complicated, just because the bubble has blown to the maximum and can no longer hold on. After that tipping point, where no one knows, gorgeous soap bubbles, the surface tension can no longer defy gravity. Then, silently, it cracked.

Although everyone knew what was going on, everyone felt that they could be the last to jump out in this gamble.

In Northeast dialect, this is called drowning the water and killing the mouth. If you really want to win and be undefeated in the stock market, the only secret is to never end the market.

For Hu Wenhai, he would never think how good his "water nature" is. Although it may bring more benefits, it may also make people lose sight of it.

So he chose the safest way - to operate on the stock market index.

The Black Monday crash of 1987 began with the collapse of the New York stock market. The U.S. stock market is the latest major stock market in the world to start trading, so when it starts to fall, it can leave enough room for Hu Wenhai to operate.

Tokyo Nikkei 225, Hong Kong Hang Seng, London Financial Times Index, Hu Wenhai raised all the capital he could mobilize around the world.

He not only sold all the foreign exchange disks in Japan, but also mortgaged and dismantled at least $500 million from Sony and Mitsubishi.

The situation in Xiangjiang is much better, with the Bank of China operating from it, and the ST Group has also lent a very considerable amount of money in Xiangjiang with RMB collateral.

In London, it launched the relationship of several cooperative enterprises, used the technology authorization of IGCT technology outside Europe in the hands of Xinke as collateral, obtained a principal of 300 million US dollars, and then amplified the operation three times through financial leverage.

The United States has the most abundant funds, and Hu Wenhai intends to invest at least $2 billion in Dow Jones futures through the amplification of financial leverage.

It will be a long process, and these people who are ostensibly members of the clearing team are actually very few traders in China who have experience in operating foreign stock markets.

Their task is to spend two billion dollars in a month's time. After the end of the layout of the United States, it can no longer care about it, and let go of its hands and feet to conduct short selling operations in other stock markets around the world.

The reason is very simple, under the global integration system, as long as there is an avalanche in the Dow Jones in the United States, other stock markets have no ability to resist at all, and a chain reaction will inevitably occur. Even if other stock markets are blocked, it will not change the general trend of the inevitable stock market crash.

It's a $4 billion gamble on a global layout.

However, Hu Wenhai won the game, and the outbreak of Black Monday has its inevitability. It is because of its suddenness that it is inevitable.

When the stock market crash occurred in 1987, almost all financial institutions around the world were caught off guard. A stock market crash suddenly broke out on a day when there were no signs of a crash at all, and there was no such thing as a button in someone's hand, and the stock market crash would only happen when he pressed it.

Because there is no such button, this stock market crash is inevitable. No one can press this button, and no one can not press this button.

It seems to be a thrilling stock market crash on the outside, but in fact, Hu Wenhai's heart is full of laughter.

It's just a simple computer operation process, just like watching the trailer of "Iron Sky", sitting in the movie theater and finding that watching the trailer is equivalent to watching the whole movie......

Ah, it's so boring that you can't help but doze off.

Looking at the traders banging on the keyboard in front of the dining table, Hu Wenhai felt that his eyelids were getting heavier and heavier.

"Wake up!"

"Huh?!"

Shannuo woke up Zhang Shaozhong, who was sleeping, and threw him a hand towel: "Wipe the saliva from the corner of your mouth, Zhang Juza!"

Zhang Shaozhong got up from the table, his eyes were sleepy: "Iraq has not accepted the peace resolution of the United Nations, and has a unilateral ceasefire?"

He grabbed a towel and wiped the saliva from the corner of his mouth, and the whole person didn't seem to have any energy: "If you want me to say don't be busy, we will almost return to China in a short time, and this project will not be completed, what are you still running around, Captain Shan." ”

"Something's wrong. ”

As if he hadn't heard Zhang Shaozhong's complaints, Shan Nuo took out his dress and military uniform from the bottom of the box.

His 85-style military dress was not worn many times, and it was neatly folded. Now that it's taken out, it's no different from a new one.

"Yo, you're dressed in such a foreign style, what's the good thing about you?" Zhang Shaozhong looked up and down at Shan Nuo, who was changing clothes, and said with a smile: "I said Captain Shan, you can be careful, don't make a mistake abroad." ”

"What a mistake, it's really something!" said in a deep voice, "I have news that the Kuwaiti royal family is going to hold a drinking party, and Sabah IV will also attend at that time." I pondered, indeed, as you said, Iraq has already unilaterally coerced, and our project is going to be unable to proceed. I don't care if I can go on or not, but if I just wait for the order to go home, I'm not reconciled! I said Zhang Ju, are you willing to go back to China so disgraced?"

Zhang Shaozhong looked at Shan Nuo dumbfounded, and said in disbelief: "What do you mean, you want to sneak into the drinking party and go to see Sabah IV in person?

"I know it's disciplined. Shannuo straightened his clothes, looked in the mirror, and meticulously smoothed out the slightest wrinkle: "But what this project means to the country, you should also know what Zhang Ju is, right? Now that the above has not recalled us back, it means that we are still on a mission." For any task, I, Shannuo, never accept failure easily! I'll just ask Zhang Ju, do you want to go with me?"

"Hey, Captain Shan, don't provoke me. Zhang Shaozhong found the enamel basin and wiped his face, and said with a smile: "You are not afraid of this risk, what am I afraid of as a civil servant? However, the royal reception in Kuwait, this is not easy to get an invitation, how do you want to get in? You don't really want to get in, right?"

"Of course not. Shannuo took out a piece of green cardboard from his pocket and said with a smile: "The invitation card of the Iraqi embassy is anonymous, and you can bring two people in." ”

"Hey, this thing can be sold for 20,000 US dollars on the market, how did you get it?" Zhang Shaozhong's eyes widened.

Shanno blinked his eyes and said mysteriously: "I made a deal with the military attache of the Iraqi embassy, and exchanged his invitation for a method that did not cost money to make a phone call in Iraq. ”

"Is there such a method?" Zhang Shaozhong's eyes rolled and he was startled: "You left a back door from the Iraqi project!"

"I said Zhang Ju, you don't know, right?" said Shan Nuo as if nothing happened: "Iraq's current communication system has been built brick by brick by our regiment, and the equipment purchased is even clearer. Vertical and horizontal W-1315 switch, don't you know the bug of hanging fork spring dialing?"

"Uh, I'll wipe it, you used this bug to exchange this invitation?

Zhang Shaozhong shook his head a little bit without knowing what to say, the current market share of vertical and horizontal switches in China is still quite high, and the technology of several vertical and horizontal switches produced by the post and telecommunications system has long been thoroughly understood in the communications industry.

Use the on-hook fork spring of the landline to hang up the pulse signal dial-up, which is a dial-up method that the analog switch can recognize, of course, most of the time no one will be so bored to use the hook-up fork spring to do this function. The problem with the W-1315 switch is that when dialing in this way, the switch cannot calculate the call bill.

This little trick is a little secret in the industry. Basically, in the nineties, this vulnerability in China was not easy to use, because the W-1315 switches were all out of service by that time.

The Ministry of Posts and Telecommunications has long begun to promote program-controlled switch technology, but it cannot see the backlog of vertical and horizontal switches rotting in their hands. So in the first two years, at a price that was almost sold for scrap, he disposed of all the vertical and horizontal switches in his hands to the Iraqis.

Iraqis have fewer people and fewer telephones, and cheap cross-cutting switches are more popular with Iraqis than expensive program-controlled exchanges.

It is also impossible for the military attache of the Iraqi embassy to really take the invitation to the market and sell it, and it is acceptable to exchange it with Chinese soldiers. With this little trick, he may be able to sell a few more people when he returns to China.

The manual operation of communication equipment shows how big the harm will be.

Shan Nuo changed into his military uniform, turned to look at Zhang Shaozhong and said with some concern: "Zhang Ju, I don't know Arabic. If you do see Sabah IV, it's up to you to see him. ”

"Don't worry, I'm still good at translation. ”

As night falls, Kuwait, a desert city floating on a sea of black oil, has just woken up.

In the heat of the day, the real powerful people will not come out to move. It is only under the protection of the night that Kuwaitis - and foreigners several times as many as Kuwaitis - can really begin their work and enjoy life.

Kuwait's expatriate population is almost 1.5 times that of Kuwait. Indians, Egyptians and Bengalis, serving the elite of Kuwaitis. And the vast majority of those who are able to interact and talk to the elites are white people in Europe and the United States.

In this oil city, even the water is imported from abroad. The only thing they were able to produce was black oil, and the rich and beautiful Kuwait City at night was nothing short of a miracle.

Fountains, pools and green landscapes, who would have thought that the astronomical amount of water consumed in Kuwait City every day would be transported from thousands of miles away?

Anyway, for Shannuo and Zhang Shaozhong, they were indeed shocked by such luxury.

At night, the sky seemed to be lit up by the lights of the city, and when the taxi took them to the doorman of the place where the reception was held, the tall palace building was illuminated like the abode of the heavenly gods.

"Your invitation, sir. ”

After Zhang Shaozhong checked the invitation card to the waiter at the door, they were allowed to enter the palace. The columns are so high that you can't see the top, and the marble tiles on the floor form an intricate and beautiful pattern. Whenever the breeze blows, the plants in the garden make a soft rustling sound.

"This Kuwaiti would really enjoy the fact that such a city could be built in such a place where nothing grows. Shannuo shook his head with some emotion and sighed: "It's really not okay not to say a word of admiration!"

"Go your way, don't talk nonsense, who knows if there is anyone around here who understands Chinese." Zhang Shaozhong watched and listened to all directions, and it was the first time he had come to such a high-end place.

After passing through a corridor, the two of them followed behind the Bengali waiter in front of them, and gradually they could hear the music of the reception and the voices of people one after another. Of course, there must also be the sound of water flowing from the fountain.

Turning the corner, the lights were bright and the crowd was weaving. Arabic white robes and suits and ladies' gorgeous evening dresses, everyone here is dressed up like out of a movie.

"I said, what should we do next?" Zhang Shaozhong asked Shannuo a little nervously.

"How do I know, I'm a big-headed soldier, how have I seen this formation. Shannuo pursed his lips and said stubbornly: "People die and birds are facing the sky, and they will not die for thousands of years!

While the two were talking, a white man in a white suit had already walked over with some scrutiny.

"Chinese?" the person looked up and down at the military uniform on Shannuo's body, and frowned: "Chinese soldiers?" (To be continued.) )