Jordan will never forget today. Pen, fun, pavilion www. biquge。 info

As it turned out, the Asia-Pacific stock market fell really badly when the global stock market opened again on Monday, as it turned out to be a follow-up to Friday's 100-point drop in a single day.

As of the close, Hong Kong stocks fell by 420 points throughout the day, the Hang Seng Index plummeted by 10%, and the futures index of each month fell by more than 300 points. In the early morning of the second day, the Hong Kong Stock Exchange announced that it would suspend the stock market and futures market for four days from October 20 to October 23 in order to clear a large number of outstanding settlements.

Although Sydney opened well, it did not escape the catastrophe in the end, with all common stock price indices falling by around 80 points. The opening gong of the Tokyo Stock Exchange was not over, and stock prices plummeted, with the Nikkei 225 falling by 620 points, or as much as 14.9%.

Then, as the rising sun continued to rise all over the horizon, the losses in the east also poured into the western hemisphere. Stock markets such as Paris, Frankfurt, Stockholm, Milan, and Amsterdam all fell by 6% to 11% to varying degrees, forming a shock wave of stock markets around the world. When the wave finally arrived in New York, many financial media outlets didn't even have time to report in detail, and many people didn't even know what had happened in the past 12 hours and how it would affect U.S. stocks when the market opened.

Jordan was glad that he had sold all his shares before eleven o'clock.

First of all, because many stocks were not traded at all after the opening, the Dow Jones Industrial Average could not truly reflect the actual price of the market, and the whole market was in a state of disorder. Trading volumes are constantly being refreshed, computer trading systems are slowing down, and the exact numbers for the Dow Jones and S&P 500 are simply impossible to calculate, only driven by the stock market and the futures market, allowing the stock price and futures to fall faster and faster, while the trading volume continues to soar.

According to the data obtained later, it can be seen that during the period from 11:00 a.m. to 11:50 a.m., the stock market turnover was as high as 93 million shares, while the trading volume of the futures index at noon was equivalent to 7 million shares, and the stock market was 9 million shares. Countless large institutions traded heavily on both markets, pushing this catastrophe to a climax. And the computer system of the New York Stock Exchange was also paralyzed on this day.

There are so many that even though the exchanges are equipped with two hundred computers, their systems have never handled such a huge number of transactions. When stock trading data floods into computers, they are almost impossible to process, and when sell orders flood in, the processing speed of information systems lags far behind!

At noon, the whole building of the bank announced another broadcast, and at noon it came again. According to what they called "credible information," as of noon, the specified instruction translation system in the NYSE's computer system had been delayed for 75 minutes. Moreover, due to the lack of capacity of its system, of the 396 million orders that were transmitted to its internal that day, 120 million shares were not executed!

Of course, the dire situation caught the government's attention, so when the SEC announced at one o'clock in the afternoon that there was a possibility of closing the exchange, Jordan was not in the slightest. Those bureaucrats, no matter when the actual actions will be implemented, no matter what will happen after the implementation, they still have to do such things as speeches, otherwise they will definitely be criticized for not doing things properly.

In fact, Jordan later recalled that it was just a rumor, at least as far as the Rothschild Bank crowd found out, it was a phone call from the New York Herald bastards. Is it true or not? Jordan didn't have the energy to confirm it, but this news obviously didn't know where to start, and he wanted to rush to many places.

So, because of their announcement, the entire stock market suddenly fell into an even worse situation!

You know, once the exchange is closed, traders will not have time to sell their stocks in the future, their shares will be worthless, and thousands of dollars will be reduced to ashes. Therefore, they will have to quickly "dump stocks", and this will put an infinite burden on the already almost disabled exchange computers!

Since that damn announcement, the Jones Industrial Average has been in a state of obsession, with 250 points down by 2 p.m., more than 400 million shares changing hands, and computers trailing by a full 100 minutes faster than they actually trade. With such a high volume, such an astonishing drop, and the damn computer getting more and more delayed, the subsequent results are even more predictable.

At that moment, the Securities and Exchange Commission of Nama came forward to clarify that they had not discussed the closure of the exchange.

A bunch of afterthoughts!

Jordan clearly remembers what the colleagues around him looked like when the N News on the wall-mounted TV in the office finished saying this. They're swearing, they're slamming glasses, they're cursing the authorities with the most vicious words that are pushing the limits of human imagination.

Because it's all late.

When it comes to the stock market, every minute counts, let alone an entire hour?

Of course, there was a slight backlash, after all, the official denied the statement. At 14:05, the Dow rose 350 points and successfully crossed 2,000 points. When colleagues saw this gratifying situation, they immediately dialed the bank's countless customers, all of whom were trying to persuade them to buy the stock back as soon as possible. After all, for this group of traders, the commission for each order can buy a high-end suit or even a Rolex watch!

But the catastrophe was no longer contained, and the rally lasted only a moment, and the reaction of the futures market was basically the same. When Jordan and Jimmy saw the subsequent changes, they didn't know whether to be glad that they didn't act rashly and didn't exchange their short positions back to full positions, or whether they should worry about the stock market that has become more difficult.

Just before 14:30, the stock price trend seemed to be showing signs of improvement, but the rally was immediately seriously blocked, and a new downward trend was formed. At this time, there was only a little more than an hour left before the close, but in this short but long hour, in this air that seemed to have frozen, the Dow Jones Industrial Average fell another 250 points, changing hands by a whopping 200 million shares. It was not until the market closed at 16 p.m. that the dive was forced to stop.

, Jordan thought to himself, why is the market closed, but it's not the end of diving?

On the day, the Dow Jones fell 508.32 points, from point to point, a decline of 22.6%, the highest single-day decline since 1941. A full $503 billion in stock par value, equivalent to France's annual gross domestic product, was wiped out in a single day. Of the 1,600 stocks listed on the New York Stock Exchange, only 52 rose, while all the rest fell, and 1,192 of them fell to their lowest level in 52 weeks.

Even many of the most iconic blue-chip stocks are on the move. General Electric Company fell 33.1%, Telegraph and Telephone Company fell 29.5%, Coca-Cola Company fell 36.5%, Westinghouse Company fell 45.8%, Amex Company fell 38.8% and Boeing Company fell 29.9%. When the 20th arrived, the New York Times listed a series of celebrity investors who had suffered heavy losses.

First of all, Sam Walton, the world's richest man and the founder of Wal-Mart, lost $2.1 billion in stocks on this day, while Microsoft's young founder and chairman, billionaire Bill Gates, lost $3.945 billion, and computer king Wang An lost $31 million on the afternoon of the 19th. Millionaires have become poor overnight, but the hardest are the retail investors who have invested in stocks with their years of accumulated blood and sweat.

"God......

On the afternoon of October 20, in an ordinary high-rise apartment in Queens, New York, Harry Puness lay on his back on his back and let out a heartfelt sigh.

"Why am I so obedient and withdraw all my money a week in advance?"

At this time, he was reading newspapers, all kinds of newspapers, through the lamp on the edge of the bed. From the Wall Street Journal to the New York Times, from the New York Herald to the Washington Post, and even the Los Angeles Daily and Seattle Daily Newspapers, which arrive at high prices. There is no doubt that every newspaper has the financial news as the cover of the day, and it is all about reporting and commenting on the terrible situation of yesterday.

"However, Microsoft's stock has really fallen a lot, although the company's total market value is not the same thing as the value on hand......"

Muttering so, Harry flipped through the mail from the West Coast, Silicon Valley Weekly.

He had just received it ten minutes ago.

The weekly magazine happened to be typeset and printed every Tuesday morning, so it was just enough to record what had happened all day yesterday, and then after nearly ten hours of travel, it was mailed to Harry on the East Coast.

The cover was the same as Harry had expected, a tragic sight of the Nasdaq exchange, where many Silicon Valley companies were listed, but now the storm that swept the world did not spare it.

But what attracted him the most was not the red-hot numbers on the cover, but the three letters in bold font and the title to which they belonged.

"Lucky Cisco IPO, Alice - Wang's Prophet?"

Harry laughed dumbly, he knew all too well the psychology of these media people. What an uncertain prophet is, it is nothing more than relying on the title party to attract attention, and he can think of specific content with his toes. Don't forget, it's only Tuesday, it just happened yesterday, and the article could only have been written before the evening shift, so could it be that at this time, the reporter of "Silicon Valley" interviewed the genius Miss Alice?

Harry thought to himself, this is underestimating the intelligence of the public. (To be continued.) )