Chapter 295: The Great Global Stock Market Crash

Early the next morning, Li Yadong received a call from Zhang Xueli.

"Mr. Li, are you crazy, short 500 points of U.S. stocks, and don't even leave an inch?"

Li Yadong stayed up late last night, and at this time he shrunk in the quilt, unable to open his eyes, how could he be in the mood to rub his tongue with her.

"Crazy...... You should be ...... When I ...... Crazy. ”

Zhang Xueli was furious when she heard this, "Mr. Li, you are really a little unreasonable. On behalf of Morgan Stanley, I would like to inform you that according to the agreement, when the risk assessment reaches a certain percentage, we will forcibly liquidate your position! ”

"Oh...... I know. ”

"You ......"

"Toot ......"

Zhang Xueli was so angry that she hung up the phone directly, she was really kind to treat her as a donkey's liver and lungs, and she didn't speculate for more than half a sentence!

Li Yadong slept until one o'clock in the afternoon before getting up, and after eating the bird's nest sugar water specially stewed for him by Grandma Jiang, he came to the backyard for a walk.

The sun was shining, plus the temperature was neither hot nor cold, and it was a good weekend.

"Yiyu, it's like this, you spread your hands out, just like your sister, and slap with your palm, not with your fists......"

The little scalper had a weekend holiday, and Yichen and Yiyu came over again and were playing on the basketball court.

However, watching them play is really tiring, and the time to pick up the ball is far more than the time to shoot the ball, and the little scalper, a crappy basketball rookie, actually acts as a coach.

"Here, give me a ball. ”

Yi Yu, who was holding the ball, heard the sound, turned his head and saw that it was the big boss of the villa, and subconsciously threw the big basketball in his arms, threw it half a meter high, and rolled to Li Yadong's feet.

After Li Yadong picked up the basketball, he made a beautiful three-step layup......

"Huh!"

Basketball in the frame.

"Wow, Uncle Li is amazing!"

The twin sisters suddenly turned into two little fan sisters, running over slowly, holding one of Li Yadong's legs, begging him to teach them to play basketball.

As for the crappy coach Little Scalper, he was directly abandoned by them.

"This ball is too big for you, will Uncle buy a smaller ball another day and teach you to play it well?"

For these two little girls, Li Yadong also really likes them, touching the little heads of the two of them and saying.

"That'...... All right. ”

"Uncle Li, you have to be the one who speaks!"

"Don't worry, you can't fool anyone, you two cuties. Li Yadong squatted down, "But ...... Uncle bought you a ball to play with, there should always be some reward, right?"

The two little girls are very smart, why don't they understand what it means?

Pursed his little mouth, leaned in, and kissed him on the left and right cheeks.

"Haha......" Li Yadong was very satisfied, but suddenly remembered his nephew Li Erbao.

Thinking about wanting to take his mother over next year, Erbao must be together, otherwise his mother will not be able to come.

It's a pity that Erbao is only two years old this year, too young, otherwise he would be able to play with the sisters. These two girls are really cute, and they will not be bad in the future, if Erbao knows how to seize the opportunity and take them down.

Gee......

As long as he thinks about it, Li Yadong feels sexually blessed for Erbao.

……

It was indeed a great weekend.

On 18 October, US Treasury Secretary James Addison Baker III issued a statement saying that due to differences in negotiations between the United States and West Germany, the US Government would no longer support the US dollar and intended to let the US dollar continue to depreciate.

Baker's statement undoubtedly gave a kiss of death to the capital market, which already showed some signs of turmoil.

Of course, many people attribute Baker to the culprit of the stock market crash, but this is not necessarily the case.

The late fifties of the twentieth century, and the sixties as a whole, were the "golden age" of economic development in the United States. The economy has continued to grow steadily, and inflation and unemployment have been reduced to very low levels. By the 80s, the U.S. stock market had experienced a 50-year bull market, with the market value of equities rising from $2,472 billion in 1980 to $5,995 billion in 1986. Since 1982, the stock price trend has continued to rise, and the trading volume has also increased rapidly, reaching 180.6 million shares per day in 1987.

The stock market is extraordinarily prosperous, and its development has far outpaced the growth rate of the real economy, and the development of financial transactions has greatly outpaced the development of world trade. Because of the high profitability of the stock market, a large amount of international and private capital flows into the stock market, and these funds engage in speculative transactions on the stock market in pursuit of short-term profits, resulting in a false boom in the stock market.

This 50-year-long stock market boom has also left many shadows. From 1973 to 1975, the dollar-centered Bretton Woods system collapsed, and the United States erupted in the worst economic crisis since World War II, resulting in higher inflation and high unemployment. In addition, the arms race between the United States and the Soviet Union at that time greatly weakened the economic strength of the United States, resulting in a continuous decline in the share of the international and even domestic markets, and a continuous increase in the foreign trade deficit and budget deficit.

With the deregulation of the financial market by the U.S. government and the stimulus of tax cuts on stock investment, huge amounts of international travel capital have poured into the U.S. stock market, which has contributed to the continuous rise in stock prices. In the first nine months of 1987, the stock price was on the verge of collapsing by adding $15 billion to U.S. stocks alone.

All this means that the US stock market will experience a major correction.

Therefore, the stock market crash of 1987 will be inevitable and a macroeconomic adjustment of the world, and it cannot be influenced or changed by a single person.

Baker's move, at best, accelerated the advent of the stock market crash.

……

Monday, October 19, 9:30 a.m. Hong Kong time.

At this time, most Americans are still asleep, and the stock market has not yet opened.

However, as soon as the Hong Kong stock market opened, the Hang Seng Index began to plummet all the way, falling 120 points in just half an hour!

This sudden change caught Hong Kong investors off guard, and many people still seem a little unclear why the Hang Seng Index suddenly plummeted?

Why?

It doesn't make sense!

Hong Kong's economy is booming, and there is no bad news coming out of the government.

To tell the truth, there is still a reason, but at this moment, the United States on the other side of the ocean has not yet dawned, and it will not be long before they will understand the reason.

At this time, the twelfth floor of the Harbour Building.

In the general office, He Shihan and the five of them looked at each other, looking at the young man sitting on the sofa chair and drinking coffee leisurely with a shocked expression.

"Boss, is there really a stock market crash?" Uncle Luo's whole body began to tremble.

Although the Hang Seng Index fell by 120 points, it is not a stock market crash, but you have to understand how the 120 points fell, it is not up and down, there are ups and downs, but in half an hour after the market opens, it is a straight line all the way to the wild!

Such an unusual move has already shown some signs of a stock market crash.

"I've always said that there was a stock market crash, but you don't believe it. Li Yadong shrugged his shoulders and said.

"Now...... I believe it!"

Uncle Luo shouted, and he couldn't care why this person could have such an accurate insight into the coming of the stock market crash, so he hurriedly ran to the desk, grabbed the phone, and dialed a number.

"Hey, Lao Liu, yes, it's me, hurry up, hurry up and throw away all the stocks in your hand...... Yes, throw it all! Keep a dime, don't keep any shares!"

"Lao Liu, you listen to me, throw it immediately, don't look at it now that it has fallen by 120 points, it can't go back, if you don't throw it now, you will only lose more!"

"Oh, brother, listen to me, I can still hurt you, I really can't go back, the stock market crash is coming!"

It took him a lot of effort to finally get a person, and then he didn't even have time to catch his breath, and then dialed another number......

He Shihan and the four of them, where can they be idle?

Like him, they rushed to the computer desk, anxiously dialing one phone number after another.

They are all industry insiders, and there are naturally many people looking for them to buy stocks, some relatives and friends, including some close customers.

At this moment, I don't think my mouth is enough, and I can't wait to spread the word for thousands of miles, and tell all the stock investors I know for the first time......

The stock market crash is coming!

Li Yadong looked at their busy appearance, smiled bitterly and shook his head, this move may save some people, but from a macro point of view, it is undoubtedly accelerating the collapse of Hong Kong stocks!

An hour later, the Hang Seng Index surged 170 points, and almost no one needed to remind them anymore, all Hong Kong investors knew that something was wrong!

But......

It is not easy to delist at this time, there are thousands of sell orders on the market, but there is no single hand to buy them.

They're trapped!

I can only watch the stock price, all the way to the frenzy, and I want to cry without tears!

At 12 o'clock at noon, the stock market closed, and the number of Hang Seng shares plummeted by 235 points!

However, that's not all.

After the market opened in the afternoon, the stock index was still falling sharply, and in the Hong Kong Stock Exchange, there was a sound of crying father and scolding mother, and several ambulances were parked outside the door, because many people had already liquidated their positions, lost their families, and fainted on the spot.

The Hong Kong police even had to dispatch police forces to the Stock Exchange to maintain order, because the shareholders who had suffered heavy losses had completely turned red and began to vent at the machinery and equipment in the Stock Exchange, including the staff.

This is a day of panic and complaints, and the sky over Hong Kong is covered with a layer of haze.

As of the close of the afternoon, the Hang Seng Index fell 420.81 points to close at 3362.39, and the futures indexes of each month fell by more than 300 to the limit.

As the so-called blessing is unparalleled, the worst disaster is not a single line.

At this moment, a spy report came from across the ocean.

The London financial market also suffered a big setback, with the stock index falling by 183.70 points, or 10.8%!

Soon, news also came from the Nikkei side, and the Nikkei index fell by 620 points!

"It's over, it's over......"

But all investors know what this means, and the world's major financial markets have plummeted one after another.

This is no longer a collapse of a single stock market.

But......

Global Stock Market Crash !!