1390 [Start Dipping]
In the afternoon, the Tokyo index was still falling, and the Japanese stock market was gloomy. Pen @ fun @ pavilion wWw. ļ½ļ½ļ½Uļ½Eć ļ½ļ½ļ½ļ½
The news returned to Hong Kong, which also made Hong Kong investors more and more panicked and panicked.
News of suicides comes out from time to time, some commit suicide by jumping off a building, some commit suicide by hanging, some commit suicide by turning on gas, and some commit suicide by swallowing sleeping pills......
There is even a housewife who lost too much money because she borrowed a loan shark to speculate in stocks, and when she was being collected by a loan shark, she was so stressed that she went insane, and jumped off the building with her son and daughter in her arms. The originally happy family was ruined and died like this.
As soon as these negative news reports came out, Hong Kong society became even more chaotic. Companies are closed, factories are closed, employees are unemployed, people are panicking, and there is a tragic scene of the end coming.
Even the employees who were usually full of confidence and happy smiles on their faces were all pale, lost and depressed, and looked like the walking dead.
"Hey, it's strange, since the Hong Kong government has a rescue plan, why doesn't it immediately publicize it?" Xia asked Liang Botao suspiciously.
Now the reason why Hong Kong investors have a nervous breakdown and commit suicide one after another is because they have lost hope. If the Hong Kong government can stand up and announce its own rescue plan at this time, then these people will probably not die.
However, they did not announce it for a long time, and instead adopted such an extreme method as "suspending the market". Not only did it not calm the people's minds, but it made Hong Kong even more chaotic, and I really don't know what they think.
"Maybe the Hong Kong government thinks it's not the right time. Liang Botao analyzed, "It's only the second day of the stock market crash, and the world's stock markets are still falling, far from bottoming."
Announce the rescue plan now, if the city cannot be saved by then, the Hong Kong government's 50 billion yuan will be spent in vain. And they can't come up with another 50 billion, so I think they should be waiting for the right time to see when the world's stock market will stabilize. ā
Summer nodded understandingly.
The Hong Kong government's funds are also limited, 50 billion Hong Kong dollars, not to say its limit, but it is not far behind. If the HK$50 billion can't save the market, the stock market will be even more chaotic. At that time, the Hong Kong government will not only not win the hearts and minds of the people, but will make the people lose their hearts and make them appear even more incompetent.
Therefore, to be on the safe side, it will wait for the stock market to reach the bottom and stabilize before bailing out. When the time comes, you can successfully save the market and enjoy the cheers and applause of the people.
In artistic creation, there is a routine called that the hero always appears at the end.
Heroes always fall from the sky at the most critical and critical moments, turn the tide, turn the tide, defeat the boss, win applause, and hug the beauty.
The Hong Kong government undoubtedly wants to be such a hero.
Although before that, there will be many people who lose hope, have a nervous breakdown, and end their lives, and many companies will lose money, go bankrupt, and go out of business.
But not only will these not bring shame to the Hong Kong government, but after it saves the market, those survivors will be grateful to the Hong Kong government, grateful to Dade, and grateful.
So it is now delaying the announcement of the bailout plan, which seems unbelievable, but in fact it is full of routines.
ā¦ā¦
Eight o'clock in the evening.
The U.S. stock market is about to kick off.
Because today, the stock market around the world is still falling, and people don't know how the U.S. stock market will develop, so they are all very concerned.
"I don't know if the U.S. government will announce its bailout plan. Wenhe Group, colleagues from the investment department, stayed in front of the computer, sincerely praying, hoping that the United States could immediately introduce rescue measures to save them from fire and water.
"Yesterday, US President Ronald Reagan convened Treasury Secretary Baker and Federal Reserve Chairman Alan Greenspan to discuss countermeasures. Liang Bo said, "I don't know what countermeasures they will launch today?"
"Maybe it's like the Hong Kong government, providing loan assistance to financial and securities institutions to help them tide over the difficulties. Summer guessed.
In the previous life, when the subprime mortgage crisis broke out, the United States once transfused blood for Wall Street, and it was criticized by the people for a while. They believe that it is precisely because of the greed of Wall Street predators that the subprime mortgage crisis was created.
And they had already sucked enough blood and made everyone's money before the crisis broke out. When the crisis erupted, not only did they not have to bear any responsibility, but the government had to use taxpayers' money to help them, which was a bastard.
"It should be. When the stock market fell yesterday, many brokerage firms bought back shares in hopes of salvaging the decline. Now they are all tied up, trapped, and very little liquid. If they were not given loan assistance, they would probably go bankrupt, and the great economic crisis of 1929 would probably have erupted. Liang Botao nodded.
At 2:05 p.m. yesterday U.S. time, the U.S. Dow Jones stock index soared 350 points in a short period of time, that is, major brokerage companies are bailing out the market. They spend money to buy back shares and pull up the stock market, hoping to revive the stock market.
Unfortunately, there is a lack of confidence among the population. The brokerage company had limited strength, so the rise lasted less than half an hour, and then it took a sharp turn and plummeted by 250 points.
At this time, all major brokerage companies are trapped, and there is a serious lack of liquidity. If at this time, the banks suspend lending, or even collect debts, none of these brokerage companies can escape, and all of them will have to go bankrupt, and the US stock market will be completely hopeless.
Sure enough, at nine o'clock, when the stock market was about to start, US Federal Reserve Chairman Alan Greenspan stood up and delivered an important speech, "In order to fulfill its responsibilities as a central bank, the Federal Reserve System reaffirms today that it will ensure the liquidity of the financial system in order to support the normal operation of the economic and financial system." ā
The subtext is to support banks to continue lending to major brokerage firms.
Immediately after Greenspan's speech, two major US commercial banks announced a reduction in prime interest rates. Chemical Bank rapidly increased its securities lending by $400 million. Bankers Trust has also stated that it will guarantee the financial needs of its customers in any case.
U.S. President Ronald Reagan and Treasury Secretary Baker also made speeches one after another, saying that "this stock market crash is not commensurate with the healthy economy of the United States, which is very stable." Subsequently, several major U.S. commercial banks announced lower interest rates to stimulate the stock market.
So much good news has burst out continuously, so that shareholders have finally regained some confidence.
Even the colleagues in the investment department of Wenhe Group couldn't help but cheer after hearing the report.
The U.S. stock market is the world's stock market, a barometer, and the reason why this stock market crash broke out was because of the turmoil in the U.S. stock market.
If it can stabilize, then the world's stock markets will also stabilize. Therefore, these Hong Kong investors who are trapped in the stock market are naturally very happy.
"The U.S. government's bailout strategy is really good, and the timing is just right. Summer laughed.
Half an hour before the gong starts, these good news broke out together, which not only gave these news enough time to spread, but also not enough time for shareholders to ponder and understand.
Therefore, when the stock market starts, these stockholders, who are dazzled by the good news, are likely to follow the trend and speculate together without thinking about it, pushing up the stock market.
On the contrary, if these announcements were made yesterday, after a night of analysis, the shareholders would have become much calmer, and then they would not necessarily dance with the government, but would have chosen the most beneficial way for themselves - selling and cashing out.
So, there are really talented people everywhere!
"yes. Liang Botao also smiled and nodded, "Mr. Xia, in my opinion, the U.S. stock market should stabilize today." ā
"Hmm. Summer nodded and immediately called Michelle, "As soon as the stock market opens, buy back shares for me immediately." The focus is on technology stocks, blue chips, and stocks of Coca-Cola and Columbia. ā
"Yes, boss. When Michelle heard this, she immediately nodded.
She now has 30 billion Hong Kong dollars in her hands, which is much more than the amount of funds she had before, and she can not only buy back the stocks that were sold before, but also be able to buy a large number of blue chip stocks and technology stocks. At that time, once the stock market recovers and the stock price recovers, then you can make a lot of money.
"Well, let's do it. Summer nodded as well.