Chapter 70: Crash
"Little Jew, if you're not convinced, why don't we make a bet today?" Jia Lei said helplessly.
"Bet on what?" asked the little Jew.
"Just bet on whether the Shanghai Composite Index will go up or down today?" Jia Lei said, pointing to the newspaper.
"I'm not betting! Fools know that the Shanghai Composite Index will definitely fall today. The little Jew said angrily.
"Then let's change the way of gambling?" Jia Lei said.
"You're going to gamble on anything?" asked the little Jew.
"Since everyone knows that the index will fall today, why don't we bet on how much the Shanghai Composite Index will fall today?" Jia Lei thought about it and said.
"This is fine!, but what is the bet you want?" asked the little Jew.
"If you lose, promise me that you will never step into the stock market again this year!" Jia Lei said seriously looking at the little Jew's eyes.
"That's too difficult, isn't it?, where can I make money if I don't speculate in stocks?" said the little Jew with a frown.
"It's not difficult, then what am I betting with you? Are you so unconfident in your own vision? Since you admit that your vision of stock speculation is not as good as mine, then you should listen to me even more!" Jia Lei said.
"Hmph! I don't believe that I, a big professional stock speculator in the stock market all the year round, will not be as good as you. I'm bet!" said the little Jew through gritted teeth.
"Then let's get started! I'll let you guess first. Jia Lei said confidently.
"Yesterday's incident was too big, and the stock price will definitely fall a lot when the market opens today, and I guess the Shanghai Composite Index will fall by at least 100 points today. Little Jew gritted his teeth and said that he felt distressed at the thought that the stock market would fall so much.
"I guess the index will fall by at least 150 points!" Jia Lei said with certainty.
"Wait, since it's gambling, what will you bet on if you lose?" asked the little Jew suddenly.
"What do I bet on if I lose?" Jia Lei was stunned when he heard this, he had never thought about this problem.
For Jia Lei, who is holding the golden finger of rebirth, this stock price is engraved in his mind, how can he lose.
"If I lose, you can ask for anything!" Jia Lei said very generously.
Anyway, he won't lose! Of course he dared to say anything!
"Deal! If you lose, I hope you don't care about my business again! You're too timid to cause me trouble. Little Jew said.
"If I don't care about you, you may not become what you will become!Which one is for you, haven't you always wanted it, I'll help you bring it back!" Jia Lei said as he took out a stack of papers from his bag and handed it to Xiao Jew, and then stuffed the remaining sheets to Hong Chen and Dasha respectively.
"Pengcheng Stock Lottery Form, Jia Lei, where did you get this thing from?" asked Hong Chen in surprise.
"The little Jew had bought it himself, and I helped him get it back before I left. I bought these 10 tickets for you myself at a high price from the black market. I promised Ms. Jin to take you and Dasha to buy the Pengcheng stock lottery form, but unfortunately I don't have the ability to get the stock lottery form from the securities company in Pengcheng, so I can only buy a few from the black market at a high price!" Jia Lei said helplessly.
Fortunately, each person only bought ten copies, and Jia Lei only spent a few thousand yuan.
"Hahaha! Jia Lei, I misunderstood you just now, you are really my good brother! You kid is so powerful, Mu!" After the little Jew finished speaking, he kissed the lottery table in his hand fiercely.
"Bah, why does this watch smell of stinking and roasting?" said the little Jew as soon as he finished kissing him.
"Ah, does this watch stink? I don't know?" Jia Lei said with his weak eyes, and then he quietly put his hands behind his back.
I knew that this hand had encountered "Xiangrui" in Pengcheng at the beginning, and Jia Lei was too anxious to use this hand to get the lottery table.
****
After eating, a few people went to the securities company, during which a few people passed by the stock market in the cultural square, only to see that half a month ago it was very lively and prosperous, but now it is indeed a gloomy cloud.
Thousands of stockholders crowded in front of more than 50 securities trading counters, scrambling to fill out delivery orders and sell their stocks. But I don't know why, the person who filled in the previous order was reluctant to leave, and still waited for the stock price to rise before buying the stock back.
The people in the back rushed to the front to sell stocks, and some of them climbed straight over the head of the crowd in a hurry, and it took a lot of effort for a woman in a white shirt to get out of the innermost part.
As soon as she came out, two people squeezed in along the gap.
"50,000, 50,000, 50,000, 50,000 ......" the woman in white shirt sat on the steps of the roadside of the Cultural Square, crying miserably.
"What's wrong with you?" asked the little Jew.
"I don't know who did the sin? I and 6 colleagues pooled 70,000 yuan to speculate in stocks, but I didn't expect that now there are only 20,000 yuan left. We, the retail investors, are desperately selling stocks here, thinking that if we can escape, we will be lucky. But who knew that yesterday afternoon, a big investor suddenly bought stocks, and the price of the stocks I had just sold rose again, and then I bought them again! Unexpectedly, as soon as I finished buying the big ones, I started selling them again, and my stocks fell again! Why is the world so unfair, and why are those big investors always ahead of us? 50,000 yuan...... Fifty thousand! That's all the savings of a few colleagues, how can I pay for it......" said the woman in the white shirt crying.
"Sister, listen to my advice, hurry up and take the remaining 20,000 yuan back, and don't continue to speculate in stocks! You don't know that there are special entrustment telephones in the big households, and they can directly entrust the people of the securities company to help buy and sell stocks after making a phone call to the securities company. But you have to fill out the forms and hand in the forms, and these lists will have to wait a while before they can be sent to the securities company, so you can't grab those big ones at any time. Jia Lei kindly reminded her.
"No wonder those big families only make money and don't lose money, so that's the case?......" Bai Shirt suddenly realized.
****
Of course, even if it is a big business, it is impossible to only make money without losses, Jia Lei followed the little Jew to his big room in the securities company.
Compared with the scene of the hot and scrambling to sell outside, the atmosphere in the big room is particularly weird, these people neither buy stocks nor sell stocks, everyone is discussing the market in addition to waiting and seeing.
"Lao Yang, the index has fallen so much, why hasn't everyone moved?" asked the little Jew as he walked up to a big acquaintance.
"There is news that the above has begun to order institutions and securities companies to buy stocks to support the stock market, so everyone is waiting to wait for the stock to rise a little more before making a decision, after all, the loss of selling stocks now will be not small. Lao Yang took a deep puff of cigarette, and then spit out a smoke ring in worry and said.
"In that case, what are you worried about? Let's just follow the inside news of the securities company!" asked the little Jew.
At that time, the inside news from the securities companies was all true news, and the state had neither supervision regulations nor regulatory agencies for the stock market, so no one cared about this kind of transmission of inside information about stocks.
"Although the news says so, but yesterday's actions of institutions made it difficult to figure out what they wanted to do, and today we just raised the stock price a little bit, and the institutions took the opportunity to sell a lot of stocks, and the index was able to come down! Lao Yang said worriedly.
In fact, it is a bit inappropriate to let institutions enter the market and trust the market, before that, institutions were sneaky in stock speculation, and since then they can openly and legally speculate in stocks.
Institutions are self-financed, and of course they want to make money. They have a large number of stocks and trading seats in their hands, and they can see the rise and fall of stock prices at a glance, when the stock price plummets, institutions can take the opportunity to buy the bottom, and when the stock price soars, they can sell stocks to cash out, and no one can be faster than institutions in grasping the market situation.
"And what do we do now?" asked the little Jew anxiously.
"I have to wait!" Lao Yang said helplessly.
The atmosphere in the big room began to tense again, and the most common sound here was the crackling of lighters and the "hissing" sound of cigarette rolls burning, everyone was in a bad mood and smoked very hard, and the sound of burning cigarette paper could be heard.
In this way, the stalemate lasted for more than an hour, and the Shanghai Composite Index suddenly plummeted to about 600 points in the intraday. Lao Yang finally couldn't sit still, only to see him suddenly stand up and walk to the phone in the big room.
"Hey, I'm Lao Yang! You can help me sell a thousand shares of Yanzhong Industrial!" Lao Yang said to the trader on the other end of the phone.
"At what price do you want to sell?" the trader asked, and the price should be written on the delivery order.
"Don't care what the price is! Now as long as you can throw out any price!" said Lao Yangyi, gritting his teeth.
As soon as this group of people came to their senses, everyone immediately scrambled to get up from their seats and ran to the phone to grab the only phone in the big room.
In nearly an hour, the call was not put down, at first these big investors only tentatively sold some stocks, with the rapid decline of the stock price index, some of these big players began to liquidate.
On this day alone, the Shanghai Composite Index plummeted by more than 150 points, and everyone in the big room lost tens of thousands or even hundreds of thousands, and the horror is that this loss continued until August 12.
In the past few days, there is a big owner who has opened a restaurant, and he has lost more than one million.
****
In August 1992, the Pearl City was affected by the Pengcheng 810 turmoil, and the Shanghai Composite Index plummeted from 964 points on August 10 to 781 points on August 12, a drop of 19% in three days, and the stock market decline slowed down a day later.
The Shanghai Composite Index on August 12 fell by 640 points compared with the year's high of 1,420 points on May 25, and the Shanghai Composite Index fell by 45% in two and a half months.
The above was angry and ordered the institution to strictly implement the order to stabilize the stock price. As a result, the decline in the stock market finally slowed down after institutions began to eat into the stock market in large quantities.
On August 13, the Shanghai Composite Index closed at 745 points, down only 36 points from the previous trading day's closing price of 781 points.
On August 14, the Shanghai Composite Index closed at 818 points, and the stock price finally stopped falling and rebounded!
On this day, the aftermath of the events of August 10 finally subsided completely.
Jia Lei breathed a sigh of relief and returned to the capital to prepare to take a plane to Moscow. I want to chat with more like-minded people about "{?$article_title?} ", WeChat pays attention to "excellent reading literature", chatting about life, looking for confidants~