21 July 1997.

As soon as the morning began, it began to drizzle in the state. Don't look at the slender and continuous light rain, but it can quickly wet people's whole body. In addition, the weather in the past few days is the hottest time of the year, which makes people slimy and annoying.

This is the fourth day that Tang He and Wu Wei have arrived in Bingzhou.

Although yesterday's progress was very smooth, Tang He and Wu Wei did not take advantage of the rain to be idle.

The two left the guest house early in the morning and took a bus to the Great South Gate, where there was the only stock exchange in the state.

The Great South Gate is the most prosperous commercial street in Bingzhou, running from north to south, and the people of Bingzhou generally like to hang out here. The location of the merger exchange is in the southernmost part of the Great South Gate, which can be said to be the financial district of the state, and the surrounding area is scattered with the four major state-owned banks and local credit unions.

Last night, after Tang He finished writing the article, he showed it to Wu Wei, and then told Wu Wei about his worries.

At that time, Wu Wei was shocked at the first sight of the article, and threw himself to the ground for the five bodies that Tang He admired.

A kid who has never been to the exchange and has never speculated in stocks has read some relevant newspapers and magazines and wrote a review, which is really amazing!

Wu Wei heard Tang He say that he was a little worried that his uncle did not know enough about the current bear market and remained optimistic, or that the stock market was about to bottom out, and then recommended a few junk stocks to Zhang Weida......

Wu Wei was dumbfounded after hearing this.

Besides, you have never speculated in stocks, and you have not even read relevant books before, so what kind of confidence do you have to ensure that what you say must be right?

Tang He was a little helpless, but he couldn't tell Wu Wei that he was a reborn, so he naturally knew that the bear market in 1997 lasted for almost two years.

Finally, the two reached an agreement.

Anyway, let's go see Uncle Wu Wei together early tomorrow morning. Tang He showed the article to Wu Wei's uncle, trying to make Wu Wei's uncle believe his opinion. Wu Wei begged his uncle to accompany them to Erlongshan University to meet Zhang Weida within a day or two.

On Da Nanmen South Road, in front of a four-story house covered with gray cement, it was crowded with people, so it was not lively. It was originally a business office of the CCB, and for many years, it did not attract special attention. But now it has suddenly become a center of attention.

The exchange has arrived.

As soon as you enter the hall, you will see a huge electronic screen on the wall.

The various stock information on it is like the train schedule on the electronic screen in the waiting room of the railway station, which changes for a while, and the person who looks directly is dizzy.

For the convenience of shareholders, there are a lot of plastic seats in the opposite hall facing the electronic screen.

At this time, nearly 100 people were sitting or standing there, staring at the electronic screen to watch the stock market, and their eyes did not blink. Tang He noticed that there were many gray-haired old men, bloated middle-aged women, refreshed youths, and plainly dressed middle-aged men.

In front of the four windows on the east side of the hall, there is a steady stream of people who come to participate in securities trading.

A pair of hands holding bonds reached into the window, and for a moment, they pinched a large handful of renminbi out. Others went in with a wad of banknotes and exchanged them for a few thin paper bills.

"Old Tang, you wait a while. I'll go see if my uncle is at work. Wu Wei said as he squeezed through the crowd and ran into the stairs leading to the second floor.

The weather is too hot, there are many people, and the air in the business hall is not good.

Tang He looked at the securities exchange of this era with some curiosity and some emotion.

Then he noticed that the expressions on the faces of many people were a little glazed.

Not far from him, a female shareholder in her 40s suddenly burst into tears for some reason.

Beside her, a gray-haired old man was persuading her: "Big sister, don't cry." If it doesn't go up today, it will definitely go up tomorrow!"

"That's right, it's time to go up, and besides, it's just opened today, and there's still time. The old man interjected with a middle-aged man in front of him.

And this sentence activated the crowd at once.

A young man staring at the electronic screen shook his sour neck and echoed: "It's time to go up!"

"It's time to bottom. Another middle-aged man on the side said, "What should have fallen in the past few months has fallen, even if the big board can't get up tomorrow, it won't fall again, I think it will rebound soon." ”

"That's right, the state won't let the stock market keep falling! Now, persistence is victory! The only thing we can do is to hold on to it and never cut our flesh. ”

……

Tang He shook his head.

These investors are clearly trapped, but they still hope for a rebound, which is almost no different from gambling.

It's just that they don't know that the Asian financial crisis has just broken out, and the stock market is far from bottoming out.

The current situation is that even the dealer may not be able to guarantee that he will get out of the way, let alone those retail investors who have been treated as leeks by the dealer from beginning to end.

In the eyes of these people, they do not believe in all kinds of artificial appearances in the stock market, but only believe in the country's macroeconomic regulation and control, believe in the company's performance strength, and believe that these can ultimately affect the overall situation.

"Waiting" or "not waiting", "believing" or "not believing", the choice exists in a thought.

And it was this difference in thought that made the money they invested in the stock market go bankrupt.

At the stairs, Wu Wei was waving to Tang He.

Tang He nodded, pushed aside the flow of people, and followed.

"My uncle just finished a meeting and is now in the office on the third floor, let's go up. Although it has not been long since he entered the merger exchange, Wu Wei is sweating hot, and a lot of sweat is comically oozing from his big head.

Wu Wei's uncle is called Wu Yunbing, and his brother and sister are the oldest, Tang He has seen him many times in Wu Wei's home, and the two know each other.

As soon as he entered the house, he saw Wu Yunbing pouring tea, and when Tang He and Wu Wei came in and sat down, two cups of smoking tea had been placed on the coffee table in front of them.

"Tang He, why didn't you go to the house for dinner with Wu Wei yesterday? Don't you want to recognize me as an uncle?" Wu Yunbing taught Tang He a straight face as soon as he put down the teacup.

While Wu Wei gloated and laughed in a low voice.

Tang He was a little helpless to deal with Wu Yunbing's blame.

Because Wu Wei and Tang He have been ferromagnetic since childhood, the parents of both sides treat each other as outsiders at all.

In addition, Wu Yunbing is relatively young and has a lively temperament, so he can talk to Wu Wei and Tang He. Also because of Wu Wei, Tang He was teased by Wu Yunbing when he was a child.

"I heard Wu Wei say that you wrote a stock review? Wu Yunbing sat down on the side of the two.

Tang He handed over the "What should ordinary retail investors do in the game with the market maker in the stock market?" that he wrote yesterday.

Wu Yunbing read it quickly, and after reading it, he said to Tang He: "There are certain insights, and the methods of retail investors investing in stocks are quite far-sighted. However, there is a problem with judging the general direction of the stock market. The state is now suppressing stock prices in order to ensure that there is no bubble in the stock market, which is conducive to the healthy development of China's stock market. I believe that after the bubble in the stock market is diluted, there will be new policies in the country, and the stock market will definitely rebound at that time...... So we must stick to it now, and we can't leave the market just because the market continues to decline. If you want to get out, you must also survive until the market rebounds, and that is the best time to get out. ”

That's what I guessed!

Tang He sighed in his heart.

Of course, Tang He would not rashly leak the opportunity for a major event like the Asian financial crisis, so in the article he just gave an example to illustrate that once there are any unexpected factors, the Chinese stock market will continue to fall, and the bear will become a big bear.

And Wu Yunbing has been working on the Stock Exchange for so long, but he has not departed from the thinking of those shareholders downstairs!

The idea of counting on policy bailouts may be right under normal circumstances.

After all, the Chinese stock market has only been developing for a few years, and the government will slowly let go until the Chinese stock market stabilizes to meet the government's expectations.

However, most people do not think of the unexpected factor of the coming Asian financial crisis.

This is a variable of the equivalent of an atomic bomb, enough to make the government too anxious to take care of the stock market.

This is because the government values the stability of the domestic financial sector more than the stock market.

"Uncle, have you been paying attention to Thailand's financial market lately?"

"No, what's wrong?"

"At the beginning of July this year, Thailand announced that it would abandon the fixed exchange rate system and implement a floating exchange rate system. On the day the policy was announced, the baht plummeted by 20% and has since been in full swing. Uncle, you are engaged in finance, you should know what the depreciation of a country's currency means to this country. ”

Wu Yunbing was stunned when Tang He's words were spoken, while Tang He continued.

"Also, watching the news these days, the exchange rate of Malaysia's ringgit, Indonesia's Indonesian dollar and Singapore's Singapore dollar against the US dollar is also getting lower day by day. Uncle, once the currencies of these countries depreciate like the Thai baht, and once these countries also abandon the fixed exchange rate system, what does that mean? Uncle, a Southeast Asian financial crisis is coming!"