Chapter 442: A Financial Crisis Caused by One Letter!
Jabari Orynick.
A resident of Houston's satellite city, in the local black community, is a well-known math genius.
In 1980, he was admitted to the University of Pennsylvania with honors and received a full scholarship to study finance.
After the outbreak of the economic crisis in the 80s, he also wrote a paper on countermeasures, which won wide acclaim.
After graduation, he entered the New York Stock Exchange and engaged in a career as a financial data engineer.
Although he has an amazing brain, can remember nearly 1,000 stock symbols, and his vision is not bad, in the New York Stock Exchange, it is not enough to see at all.
Other financial data engineers understand not only stocks, but also futures, bonds, and options.
Friends in the banking and investment circles can smell the smell of the market, and ten people can bid ten prices for a large order to open or close a position, and they can always find the most suitable one.
All of them are half-economists, who really understand macroeconomics, trade and currency.
Coupled with the fact that he is ruthless and ruthless, his position is like a rocket, and Jabari Olynyk has been working there for six and a half years, and has always been the lowest financial data analyst.
In the eyes of others, this position is very high-end.
But he is not as much as one-fifth of the salary of a fast-food restaurant owner, and wants to buy a house in New York, where every inch of land is expensive, not to mention Manhattan, and even enough to buy in Brooklyn.
So in 1991, when he heard that the NASDAQ market had set up an online trading platform, he decisively jumped ship.
The position has not been promoted, but the salary is more than doubled, and you can get a commission of 1/10,000 per order.
Today, an assistant manager of Morgan Stanley's investment department, who had managed to get along, called him and asked to buy $4.4 million in Starbucks stock.
This is quite a large order, more than 1,000 traders, there is a big order, it may not be his turn, the heart can't be black, can get 440 US dollars.
Jabari Orynik had already earned an extra $800 today, thinking it was his lucky day.
didn't expect that on this day, he would suppress Han Xuan, the protagonist who was born with a halo, and make headlines in a series of global news such as the New York Times, just as a tragic figure
All stock traders need a good keyboard.
So Jabari Olynik bought a new best keyboard, I heard that it is designed according to ergonomics, and it will not strain the wrist after long-term use, and I tried it today, and it is really good.
Originally, it was necessary to check after each transaction was completed, but today it was busy, and the phone rang again.
Hearing that the other party wanted to buy one million shares of Oracle stock, he immediately hit the enter key, submitted it, and then processed the next order.
I didn't even know that I had turned $4.4 million into $44 billion.
Just because of this one letter.
The U.S. stock market quickly reacted to this shocking order!
Not up, but down!
The Dow Jones, in just two minutes, fell by an astonishing 386.32 points!
All of a sudden, the US rose from August 1993 to November 1994, a year and three months!
The Nasdaq also fell to 791.67 points, down almost 200 points!
The shareholders on the trading floor were stunned!
Han Xuan was also stunned!
The most terrible economic crisis in history will not come so quickly as it is today.
Without a hint, the influence is still so great!
Han Xuan helplessly looked at his grandfather, he was also in a sluggish state, and shook his head slightly: "Impossible!
Investors didn't give up, thinking it was just a mistake on the display, but some of them suddenly fell sharply, destroying their last bit of luck!
It's just over three minutes!
The Dow Jones has fallen back to the level of March 1992!
That's a drop of 614.77 points!
Madoff couldn't figure out why, but the huge line chart gap made him faint with excitement.
Falling to the ground with a loud bang woke the investors from their state of distraction
People are crazy!
More terrible than the Great Depression in the United States on October 24, 1929!
Everyone was crying and shouting to sell the stocks in their hands! Crowded in front of the trading window, there was only one word: chaos!
The glass was smashed, the potted plants were knocked down, and the water bottles were thrown to the ground!
More than three people were unconscious on the spot, but no one paid attention to them.
It is already the greatest mercy not to step on it: brother, you go first, wait for me to go to the rooftop, and then I will go to you......
Han Xuan thought quickly in his mind, and in his memory, except for Mexico in 1994, there should have been no serious economic crisis!
Could it be that history has been changed by itself?!
Schultz's 20 million shares have long since been sold, and Starbucks shares are stuck at $0.433 a share, starting to slowly decline, and now at $0.426 a share.
It's not the worst.
As the NASDAQ market, Microsoft's market capitalization is the highest, and the display is larger than that of other companies.
Seven minutes ago.
Its market capitalization is $264.9 billion, another record high, with a total share capital of 4.12 billion shares, a sky-high price of $64.296 per share!
At this moment, there is a big dive, and the market value has been cut in half, and it is now only $35.714 per share, and it is still decreasing.
Han Xuan smelled something abnormal.
This company is operating normally, Microsoft is normal, that is, the stock market is abnormal, which means that ...... Opportunity!?
Hurriedly lowered his voice and said to his grandfather who looked thoughtful: "Withdraw funds!"
Buy all Microsoft shares, buy as many as you want!
It's not the financial crisis, the stock market is wrong!"
"Huh?!"
Old Man Han's eyes lit up.
Even on Black Thursday in 1929, the stock price of the entire stock market fell by 12.8% in a whole day, which is really not right this time!
The U.S. economy has been recovering recently, and there will certainly not be such a large-scale economic crisis!
and Han Xuan looked at each other
At the same time, he took out his mobile phone.
"Thompson!
Draw up all the funds at your disposal and buy Microsoft stock!
Yes!
Don't say it! It's an order! As long as it's done, you'll be the financial director tomorrow!"
The old man's voice is full of anger!
Han Xuan called Anthony: "Buy Microsoft stock!"
If the sell order is less than $45 a share, all of them will be eaten, and the company will buy as much as it has!
No, no, no, no, its stock price is low, or buy ......
Forget it, the two are mixed to buy, pick Microsoft's first!
I don't want to have even a penny left in my company's account tomorrow!"
Both the grandfather and grandson were red, nervous and excited.
has a smart brain like Han Xuan, and he is also a little short-circuited at the moment.
After getting Anthony's assurance, he remembered what his grandfather had just said, turned his head and asked, "All the funds?"
"Well, it's an opportunity.
If I fail, I won't lose much money, SOS Group doesn't have enough working capital, and I can still take out mortgages from other banks.
But if I succeed, I will make a lot of money, and the probability of winning is relatively high.
The Internet industry is developing rapidly, I am optimistic about it, and I bet on it......"
At this moment, the National Stock Exchange and the New York Stock Exchange jointly requested the Ministry of Finance to carry out an emergency circuit breaker mechanism!
The chairman of the Nasdaq stock market fainted, and the two vice chairmen also called Washington, D.C. for instructions.
When the Minister of Finance heard that the stock market had fallen, he was so frightened that his legs weakened!
I went to President Clinton, but I didn't find it, and I went to the vice president's office again, but the vice president went to Denmark to visit, and he was in a hurry!
And in the president's office, Clinton was sorting out his clothes.
A schoolgirl named Levins Kicklinton, who had just arrived at the White House for a few weeks as an intern, was also sorting out.
He also asked, "Gone?"
"Huh, go on?"
"Okay, see I don't drain you, Mr. President"
Mistakes.
A few years later, Han Xuanhe and the old man learned the news and really wanted to send him a pennant...... (To be continued.) )