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Monday, October 19, 1987. Pen, fun, and www.biquge.info

Just as the United States was about to usher in the dawn of this day, Xu Liu, who was far away in Xiangjiang, put on special body armor with the help of Zhou Lan, and inserted two P220 pistols that he had used for several years into his waist, and then ordered:

Shek O Manor entered the stage of martial law.

All bodyguards (more than a thousand) are fully armed and enter the first level of alert!

No one is allowed to enter or leave Shek O Manor until I, Xu Cun, personally issue an order to lift the order - the trespasser will be shot on the spot!

The women led their children into the main building, not allowed to leave a single step, and were ready to retreat into the safe house at any time!

By the way, Xu Cun also borrowed the 500 People's Liberation Army troops stationed in Xiangjiang from Deng Gong and asked them to help Xu Cun guard the entrance to Shi'ao Manor.

After arranging all this, Xu Cuncai led the fully armed bodyguards of the twenty squad he personally selected into the trading room of the office building.

(All the weapons used by Xu Cun's bodyguards now come from the Soviet Union -- when they gave Xu Cun gold, the Soviet Union also gave Xu Cun a shipload of munitions, including a frigate loaded with munitions, a brand-new 550-ton mini-frigate equipped with a phased array radar and vertical launch system.) ）

As soon as they saw the posture that Xu Cun had made, Bush Jr. and others knew that Xu Cun judged that a stock market crash was coming.

Seeing Bush Jr. and others, Xu Cun didn't talk nonsense, but went straight to the point: "Everyone, if nothing happens, the stock market crash will be today, so please cooperate with us, so that we can pass today smoothly!"

None of the others are ordinary people, so they can understand why Xu Cun did this-after all, the sake is red-faced, and the money is moving!

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Hong Kong time: 213 p.m.

EST: 9:30 a.m.

Wall Street was shrouded in clouds, and in the rush and dreary "dang, dang, dang" bells, the New York Stock Exchange began a new day.

At the beginning of the market opening, a sense of foreboding hit everyone on the noisy trading floor - the Dow Jones Industrial Average fell 67 points at the open.

In the blink of an eye, there was a surge of selling orders - under the pressure of the swarming rolling selling, all the green disks (down) on the screen, and there was no red wave (up) in sight.

There was panic on the exchange, and the market was in chaos.

From 9:30 a.m. to 11 a.m., the Dow Jones Industrial Average was falling, and no one knew what to do to contain the worsening situation.

In the process, although some people proposed a temporary closure of the market, no one dared to make such a decision -- the New York Stock Exchange was afraid of Wall Street's role as a "weather vane" in the global stock market, so it had to desperately stick to it.

Although they are all elites, Bush Jr. and others, including Xu Cun, saw the Dow Jones Industrial Average fall so sharply, and they all lifted their hearts.

In the entire trading room, the only people who didn't feel it might be Tu Weihua and the bodyguards he led - after all, they didn't understand what these upturned green disks represented......

While the Chicago Mercantile Exchange was selling index futures in large numbers, the New York stock market was also selling in large numbers, and there was a huge shortage of buyers - it was difficult to find buyers in the market within the first hour of the opening session, and 95 blue chips, which account for about 30 percent of the S&P 500 index stocks, had not yet been filled, and the market price was forced to fall repeatedly to attract buyers because of the large accumulation of sell orders and the small number of buy orders.

By 10:30, 11 of the 30 index stocks of the Dow Jones Industrial Average had not yet opened for trading, and in normal times, usually less than five minutes after the opening of the market, all of them would start trading - because many stocks were not traded, the Dow Jones Industrial Average could not truly reflect the actual market price, and the entire 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 Industrial Average and the S&P 500 are simply not calculated.

As the stock market and the futures market drive each other, stock prices and futures indices have fallen faster and faster, and trading volume has soared -- from 11 a.m. to 11:50 a.m., 93 million shares were traded in the stock market, and at noon the futures index was equivalent to 7 million shares, compared to 9 million shares in the stock market.

The catastrophe culminated in the massive trading of large institutions on both markets - the computer systems of the New York Stock Exchange were virtually paralyzed on that day. There are 200 microcomputers on the New York Stock Exchange, and this system has never handled such a huge transaction. When stock trading data floods into the computer, the computer can barely handle it. When sell orders poured in, the processing speed of the information system lagged far behind. Less than an hour after the opening of the market, the computer was 20 minutes slower than the actual trading speed due to the large number of sell-offs, and at noon, the designated instruction conversion system in the computer system was about 75 minutes slower. Due to the lack of capacity of the DOT system, 120 million of the 396 million shares transmitted to the DOT system were not executed.

The computer system of the New York Stock Exchange was almost paralyzed, and Xu Cun and the others, who were far away in the trading room of the office building of Xiangjiang Shi'ao Manor, did not know.

But-

What Xu Cun and others know is that the Dow Jones Industrial Average is constantly plummeting, and they have sent it!

took the time to take a look at Xu Cun, who successfully anticipated all this, and the absolute elites of this era, such as George W. Bush, all sincerely admired Xu Cun!

It is actually possible to be admired by the absolute elites of this era such as Bush Jr., but Xu Cun really has no sense of pride at all.

First of all, it is not his Xu Cun's ability to successfully predict all this, but his Xu Cun's better and better memory.

Second, now is not the time for pride - it is only the beginning of the stock market crash, and the stock market crash is not over. Moreover, even if the stock market crash is really over, Xu Cun still has a lot of troubles to deal with one by one. If you don't deal with those things well, Xu Cun won't be able to be scared, how can he be proud?

At 13:09 p.m., a terrible piece of news reached Wall Street's stock market -- US Securities and Exchange Commission Chairman David Luther said in Washington, D.C., "At a critical moment, although we do not know when this critical moment will be, I will discuss with the stock exchanges the temporary closure of the exchanges." ”

The news was even more alarming – because if the exchange was closed, traders would lose their shares and thousands of dollars would be reduced to ashes if they did not have time to dump their stocks. As a result, they had to quickly "dump stocks".

That's why the Dow Jones Industrial Average is in a state of obsession.

By 2 p.m., the Dow Jones Industrial Average was down 250 points, the stock had changed hands by more than 400 million shares, and the computer was 100 minutes behind the actual trading speed.

During this time, officials of the Securities and Exchange Commission came forward to clarify: they did not discuss anything about the closure of the exchange.

However,

It is too late to clarify, and the catastrophe cannot be stopped.

At 14:05 p.m., the Dow rose 350 points and successfully crossed 2,000 points.

But the rally lasted only a moment.

At around 14:30, the stock price trend seemed to show signs of improvement, and then the rebound was blocked, and a new downward trend was formed here.

At this time, there was only a little more than an hour left before the close, but in this short but long hour, the Dow Jones Industrial Average fell another 250 points in this air that seemed to have frozen, changing hands by 200 million shares.

It wasn't until the market closed at 16 p.m. that the dive was stopped.

At the end of the day, the Dow Jones Industrial Average fell by 508.32 points, from 2,246.72 to 1,738.470, a drop of 22.6 percent, the highest one-day decline. Other stock market indices such as the NYSE Composite Price Index fell 19.2 per cent, the AMEX Composite Index fell 12.7 per cent and the NASDAQ Composite Index fell 11.35 per cent. The par value of stocks, equivalent to $503 billion of France's annual gross domestic product, disappeared in a single day.

……