(This is the author's temporary plot, I think the current stock market is a little similar to that year, so I will write for everyone to take a look, to give you a reminder! Investment is risky, you need to be cautious when entering the market! Don't copy the bottom on the mountainside!)

*****

31 May 1993

"Li Datou, we are here!" Ah Fei shouted from the pier, and soon Li Datou's family followed the tour group to the shore.

"Hello Lao Li, welcome to the island! Today's wind and the boat is very bumpy, the children must be suffering, right? Our car is parked over there, you should go up and rest for a while. Jia Lei walked over and pulled Li Datou's grandson worriedly.

He saw that the Li family's faces were not good, thinking that they were seasick, and the Li family thanked them one after another.

"Our whole family grew up on the edge of the Pujiang River, so there's nothing wrong with this little wind and waves!" Li Datou shook his head and said, Jia Lei felt that he was holding on.

If Li Datou's dark circles were not so thick, this would be more convincing!

"Grandpa, you see there are coconut trees here! What a real coconut tree...... Li Xiang, the grandson of Li Datou, pointed to the coconut trees on the shore and said happily.

"Yes, there are coconut and banana trees everywhere, and my brother will buy you a coconut and drink fresh coconut water later." Jia Lei touched Li Xiang's head and replied, the child was immediately happy when he heard this.

"Brother, did you buy the kind of round coconut that was shown on TV, I saw that the person on the advertisement opened the coconut and drank the coconut juice directly with a straw. Is this true? You can take me to buy it!" Li Xiang asked anxiously, and it was the time for an eight-year-old child to ask 100,000 whys.

"Okay, no problem! There are coconuts sold at the door of your house, and I'll buy them for you when the time comes." Jia Lei nodded and said.

"Jia Lei asked you to pick us up, it's really troublesome for you, Li Xiang is still young and doesn't understand anything, you are so busy, how can we be embarrassed to let you help us take care of the children!" Li Datou said embarrassedly.

"It's okay, it's very convenient to buy coconuts here anyway, and it won't take me long to take a few steps. Jia Lei said indifferently.

"Young Master Jia, I finally saw you! You are the little god that our old Li often said, right?

We came to the island this time to travel to the place of life is not familiar, thanks to you to pick us up, I really don't know how to thank you. Mrs. Li Datou warmly took Jia Lei's hand and said.

"Aunt Li, you don't have to say thank you to me! Lao Li and I are acquaintances in a big family, and I have been here for more than three months, and I can be regarded as half a landlord, so it is natural to entertain friends well.

Let's go, get in the car first, I'll take you to the hotel first, and then go to the neighborhood for a walk, the scenery in this neighborhood is still good. Jia Lei said, and then the Li family followed Jia Lei into the car.

Because it is just in time for Children's Day, there are many people and cars on the dock, and tourists like the Li family who come to the island with their children are everywhere, and the arrival of this group of people adds a touch of summer color to the island.

Jia Lei, as a half-landlord, quickly arranged the Li family's food and lodging, he booked two rooms for the Li family in Wanghai Tower, and led Li Xiang to buy five coconuts for five yuan at the fruit stall at the entrance of the hotel.

"Li Dahu, you try it, this is the most famous fresh coconut on the island, coconut has the effect of quenching thirst, strengthening the spleen and killing insects, diuresis and swelling, etc., and it is good for the body to drink often. Jia Lei enthusiastically introduced Li Datou's family that in order to be in good health, Jia Lei himself has to drink a coconut every day.

Coconut is a fruit that almost everyone who comes to the island to buy, and the Li family naturally wants to try it, Jia Lei asked the bodyguards to help them get the coconut open and insert a straw, and then everyone began to chat while drinking coconut water.

"Li Dahu, where are you going to play? I can ask someone to show you the way and accompany you around. Jia Lei asked.

"We plan to take the children to Qilou Old Street tomorrow, and then go to Hai Rui's former residence and ancient fort. The day after tomorrow, we will take the car to Sanya to see the ends of the world, and we will come to the island to the ends of the earth. Li Datou's wife said excitedly.

"The scenery at the end of the earth is really good, the seaside of Sanya Bay is full of tropical plants such as wind-resistant tung, casuarinas, cacti, and some bamboos that I can't name.

You can take a few photos at the ends of the earth, and although those rainforests look beautiful, you must not let your children go in, they are all primeval vegetation, and there may not be anything in them. Jia Lei told the Li family.

At this time, Sanya Bay had not yet been developed. Therefore, there is a pristine scenery everywhere, white sand beaches can be seen everywhere, and the blue water flows quietly not far away.

The deep forests near the coastline are full of tropical fruits and vegetation, and it is completely natural and unpolluted!

But within a decade, Sanya Bay will be transformed into a variety of buildings and resorts, and tourists will never see this pristine scenery again.

Jia Lei said goodbye after arranging Li Datou's family, but Mrs. Li said that she wanted her husband to send Jia Lei out.

"Lao Li, we are so familiar, I really don't need you to send it, you are tired for a day. It's better to go to bed early and get rest. Jia Lei said to Li Datou, and Mrs. Li froze when she heard the smile on her face.

"You'd better let me send it, I just have something I want to talk to you about. Li Datou glanced back at his wife's face and sighed and said, Jia Lei had to nod when he saw his embarrassment.

"Li Dahu, I see that your wife's face is not good, is there something wrong with your family? What do you want to say to me?" Jia Lei sat in the café of Wanghailou and asked him.

"Hey, I'll tell you the truth, I'm here to play with my grandson on the one hand, and to investigate the island's real estate market on the other. Li Datou said.

"Why don't you stay in Mingzhu City to speculate on stocks?" Jia Lei said.

"I liquidated my position from the stock exchange, and I swore to my wife that I would never speculate in stocks again! The risk in the stock market is too great, and if you are not careful, you will go bankrupt and jump off the building. Li Datou's face turned pale and said that these Chen Gou had bad memories of him.

"Why do you say that? Could it be that you have lost money in stock trading recently?" Jia Lei asked, Li Datou rarely loses.

"Huh...... , I not only lost money but also lost a lot of money when I speculated in stocks!

If it weren't for my wife forcing me to liquidate by jumping off the building, I would have jumped off the building a long time ago! You haven't returned to China for more than half a year, so you don't know much about the situation in the Huaxia stock market, right?" asked Li Datou.

"I don't know but I don't know at all, although I haven't returned to Pearl City, I have also seen the news of the stock market crash in the newspaper.

It's just that I don't know how much you have lost?

You should have heard about the little Jewish family, right?

I have been accompanying him to fight a lawsuit with his grandfather in London for the past few months, and after I came back, I stayed in Hainan and was busy building a house, so I never had time to go back to Pearl City. Jia Lei explained.

In order to avoid suspicion and prevent people from being suspicious of his avoidance of the stock market crash, Jia Lei has not dared to set foot in the mainland for half a year.

Jia Lei knew from his memory that from February 93, there would be a three-year bear market in the Huaxia stock market, which intensified and finally turned into a stock market crash.

"Hey, you're in luck with the little Jew! The troublesome incident at his house just helped the two of you survive the stock market crash. This can be regarded as a loss of horse......" Li Datou said enviously.

"Although I read in the newspaper that the Shanghai Composite Index is falling every day, I can't understand why the stock price fell so suddenly.

At that time, the government still took us to save the city, and everything went smoothly!

The performance of the current listed companies is very good, each has a lot of dividends, and the profitability is also good, how can the Shanghai and Shenzhen stock markets fall?" Jia Lei asked in particular incomprehension.

Experts in later generations have made a detailed analysis of this amazing stock market crash, but when it comes to the source, everyone is vague, so Jia Lei is also confused about the reasons for this crash.

"Hey, the short-lived bull market in the first few months was finally held up by the government with our group of people, and as long as everyone stabilized, this bull market should have been able to continue.

But success is also Xiao He, defeat is also Xiao He!

As soon as the stock price on our side rose a little, the above felt that the stock market had risen too high and needed macroeconomic control, and various restrictions and measures were introduced.

In addition, this year's inflation has been severe, the renminbi has depreciated sharply, and the interest on deposits has been raised twice in a row.

On February 16, after the Shanghai Composite Index rushed to 1558 points, the government introduced a regulatory policy, and then the stock market began to fall!

Of course, the above is still a trivial matter, and the main reason for the stock market crash is that the above heart is too anxious, and the stock market has just eased up a little and began to expand and issue new shares on a large scale.

At the end of December last year, there were only 54 stocks in Shanghai and Shenzhen combined.

However, this year, the issuance quota of the Shanghai and Shenzhen stock markets has been approved, and the Shanghai and Shenzhen stock markets are said to increase more than 100 new shares to issue a total of 5 billion shares, and such a large issuance of new shares is several times the market value of the Shanghai and Shenzhen stock exchanges.

I'm afraid that there will be more stocks in the market than stockholders in the future!

As soon as the news came out, the stock market collapsed, and the Shanghai Composite Index fell by more than 500 points in just over a month, and on March 23, the Shanghai Composite Index fell below the 1,000-point mark, and then it fell out of control.

It was at that time that I went to the stock market with a group of old guys with all the money to buy the bottom, and we all thought that the stock market had fallen by 1/3 and must have bottomed out, but we didn't expect us to copy the bottom to the mountainside.

Because of our group of people entering the stock market, the stock market briefly ushered in a rebound in April, back to more than 1,200 points.

However, there are too many new shares issued above, and every time a new stock is issued, everyone throws away the old shares in their hands to grab the new shares, and we can't take so many stocks no matter how much money we have.

The more no one picks up the stocks that were thrown out, the more anxious everyone is to sell the stocks in their hands at a low price.

Lao Yang, many of them avoided the ** drop of 810 last year, but they couldn't avoid this year's ......

Alas, it is also to blame that they are too greedy, and they actually dare to make margin financing and securities lending with securities companies, and this time the stock market burst out, and many people lost their losses and jumped off the building.

I saw the miserable situation after the financing of the little Jews last year, so this year I was timid, and I only dared to use my own money to speculate in stocks, but I didn't dare to raise funds, so I escaped.

A few days ago, the Pearl stock market fell below 1,000 points again, and our old lady begged me to sell the stock and made me swear that I would never speculate in stocks again.

Otherwise, she will take her grandson and the whole family to jump off the building, this old woman in our family is too strong, I am afraid that she really can't think about it, so she will be liquidated.

Thanks to my old woman's force, I barely escaped from this round of bottom-copying, and I still have a little capital left, which is much better than those old brothers who jumped off the building.

Jia Lei, you don't know, how miserable the Shanghai and Shenzhen markets are falling now, it's like a river of blood!

There are people on Guangdong Road who go bankrupt and jump off the building every day, and the big households with a net worth of more than one million in Shanghai and Shenzhen are almost all wiped out, of course, the worst is the new shareholders who entered the stock market with stock subscription warrants in 92.

The stock market began to plummet because of the 810 incident when they entered the market, and it was not easy to recover a little before they were trapped at a high level again. ”

"Blood loss!"

Li Datou told Jia Lei about what happened in the stock market recently, and finally ended with these two shocking words.

"It's lucky that you can escape, Lao Li, you still listen to your wife's words in the future, don't touch the stocks!

Now that the economy is sluggish, inflation, and the renminbi is depreciating every day, I don't think the stock market will be able to slow down in the short term. I think 1,000 points is far from ......the bottom," Jia Lei sighed and said.

"Then how many points do you think is the bottom, 800 points?" Li Datou asked, Jia Lei's prestige as a small god is still very convincing.

"More than that, think about last year's index!" Jia Lei shook his head, last year's index fell to about 390 points.

"What about 500 points? 500 points should be the bottom, right? This is about to fall to the issue price. Li Datou stood up anxiously and asked.

"It's okay if you want to say that 500 points is the bottom, but what's the use of falling to the bottom? Haven't you heard that there are eighteen layers of hell below the floor......" Jia Lei said.

"Oh my God, do you mean that the index can still fall below the bottom? The issuance of new shares will more or less add points to the index, right?" asked Li Datou, shaking his body.

"If stocks can fall below the issue price, why can't the stock index fall below the bottom? Maybe the more new shares are issued, the more the index falls?

Lao Li, listen to my advice, since you have escaped from the stock market, don't go back!

You don't always want to copy the bottom, maybe you will copy on the top of the mountain......" Jia Lei said heavily.

"Boom!" Lao Li finally couldn't hold it anymore when he heard this, and he fell down and knocked the tea table crooked.

"It seems that the stock market is really hopeless, I'm afraid I really can't go back this time......" Lao Li said very sadly lying on the ground, and tears even flowed from the corners of his eyes.

In the 80s, all the money earned by everyone in the country went directly or indirectly into the stock markets of Shanghai and Shenzhen and the real estate of the islands in the past few years.

Under the dual pressure of macroeconomic control and inflation, the bubble of the stock market could not hold on to burst at first, and the stock index fell by half in just a few months, and the market value of the two cities evaporated at least several billions.

At least 80% of the millionaires and big stock investors in Shanghai and Shenzhen have been wiped out by this round of stock market crashes!

The remaining 20% of the large dealers and ordinary shareholders are also repeatedly cutting the bottom and cutting the meat to escape, and there is no slag left that has been peeled and peeled and ground to the bones.

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