Chapter 445: Petition
Lu Jiangfan sighed lightly and continued, "At a time when stock prices are rising higher and higher, investors from all walks of life or all walks of life have turned a deaf ear to any bitter advice, and some of them have simply resigned from their original positions to become members of the exchange or brokerage staff. Our tenement building, those who talk about the stock scriptures in the tea restaurant, have you seen less? In the market, 100 employees of a large bank resigned within a month, and the principal of a school in Kowloon changed careers with a brokerage license. The Government is also afraid that those who follow the trend will not be willing to work, so what is the use of circling civil servants not to engage in stock trading during working hours? ”
Lu Jiangfan smiled bitterly, "Having said that, when the stock market is in full swing, those who have made profits in the stock market are indeed prosperous. What kind of staggering behaviors such as "shark fin rice" and "brandy gargle" have become a trend for a while. ”
Lu Zhongfu sighed lightly, "I went to eat in the morning, passed by the seafood shop, when the stock market was hot, people came and went, and the price also rose slowly; Now? It's the scarcity of customers, but it really responds to the saying: 'Be high-spirited when you win, and be depressed when you lose.'" 'Since last year...... The daily rise and fall of the price of seafood in the seafood store is similar to the ups and downs of the stock market, indicating that the joys, sorrows and sorrows of shareholders have been closely linked to the ups and downs of the stock market. ”
"Won't the Hong Kong government bail out the market?" Lu Haoshan said with hope.
"Since the stock market has fallen too sharply and there are signs that it will impact the financial system and affect social stability, the head of our exchange, together with the heads of other exchanges and the heads of banks, is preparing to close the case tomorrow. Discuss policies to 'stabilize the stock market'. Lu Jiangfan said.
"It's good not to fall into the well, save the city?" Jiang Huifen pouted.
"The policy is easy, but the confidence is difficult!" Gu Yaluo said indifferently.
"That's right. In the case of our tea restaurant, in the past, as long as financial news was broadcast in front of the TV, it would be impassable. Now? When our TV plummeted, it was almost smashed. Jiang Huifen said with a scared face, "I'm so scared that I don't dare to turn on the TV now, now TV shows are all entertainment programs or TV series and the like." Let's forget about the sad place of the stock market for a while! ”
&*&
"Alas......" Lu Jiangfan shook his head and sighed again.
"Second uncle, how did the bailout policy come out?" Gu Zhanshuo asked.
"Big brother. Does this need to be asked? We also have to meet and study, study. Gu Yaluo shook her head and quipped.
"Luo'er is wrong, there are already results." Lu Jiangfan said.
"Look at your appearance, second uncle, don't guess." Gu Zhanyan clenched his fists and coughed lightly, deliberately lowered his voice, and said in a hoarse voice. "Official language: The government will not interfere with the functioning of the free market."
"What about you? What exchanges and banks say. Lu Zhongfu asked.
Lu Jiangfan said, "Banks and exchanges want to discuss some voluntary measures to be introduced, and they will support them." postpone the listing of new shares for 3 months to reduce the supply of shares; Strict brokerage settlement within 24 hours. suppress the speculation of short selling; Some large banks have agreed to ease their stock mortgage lending. loosening of market money; Lifting foreign exchange controls to restore investment confidence in the market. ”
Lu Haoshan then said, "Don't get too much hope. In my opinion, this kind of itching measure can only exacerbate the sell-off in the market, and I have no confidence. ”
As Lu Haoshan said, although the government or people in the market have repeatedly called on investors to "stay calm and not panic", and even said that "the stock market will soon stabilize" or "Hong Kong's economic foundation is stable and the prospects are promising", they hope to restore investors' confidence. and reverse the market's decline. But all efforts didn't seem to work, and the stock market not only did not turn around and recover. On the contrary, it fell deeper and deeper, making a group of shareholders more panicked and panicked.
This approach still did not stop the stock market from falling, and the stock market fell for two consecutive months from the reversal on March 9 to the close of May. In this period of "sun and moon" days, many investors suffered heavy losses and complained of hardship.
&*&
"Haoshan, what is this?" Lu Haoyi looked at the things handed in front of him, and Gu Yaluo looked at the three big characters written on it: "Petition!" ”
Lu Haoshan said, "Yes! This is a situation where investors have no choice but to do so, and many investors are begging the government to intervene to stop the stock market from continuing to decline. ”
Lu Lu took the petition and read it, "In the nearly two-month plunge in the market, many stocks have fallen by more than 60 percent from the highest price of this year, and some have even fallen by more than 80 percent. Such a sharp drop in the stock market has had an adverse impact on the normal activities of Hong Kong's industry and commerce and on the residents' economy. Therefore, it is necessary to take measures to resume 'full-time' trading in the stock market...... We are asking the Hong Kong government to take a portion of the large sterling reserves held in London and buy blue-chip stocks in Hong Kong as a long-term investment. In this way, the Hong Kong stock market will definitely turn from cold to hot, from falling to rising. ”
Lu Haoyi looked at him when he heard this and said, "Haoshan, you want me to sign!" ”
"That's right! Don't you also have an account? Lu Haoshan handed him the pen.
"But the stocks are all invested by the second uncle, and I just occupy a name. Besides, the stock market had already sold a lot before it crashed. I signed the petition, it's not appropriate! Lu Haoyi waved his hand.
"How is it not suitable? One counts as one, and all those of us who studied finance in this class have signed up for the stock market. Lu Haoshan urged, "Hurry up and sign your name." ”
"Okay, I'll sign it, I don't know if it works." Lu Haoyi signed his name.
"Hey! Third brother, I said that you should not shout at school that you make money! Especially if you're shorting stocks right now! Lu Haosi said softly and gently.
"I'm stupid! Saying this, the wealth is not exposed, isn't that hateful? Lu Haoshan smiled, "Besides, it's our big guy's money, and it's not mine." ”
"Okay, it's good to know." Lu Haoyi patted him on the shoulder and said.
As long as the juniors of the Lu family are old enough and have opened an account, they all let Lu Haoshan pull a strong man.
When Lu Jiangfan came back, Lu Haoshan hurriedly took his hand and asked him to sign. "Petition!" Lu Jiangfan looked up at Lu Haoshan and said, "You guys got it." ”
"Yes! What do you think? Lu Haoshan looked like he was waiting for praise, "Many people signed the petition." Dad, sign it! ”
"The four exchanges have also studied the results, and in order to 'save the market', they announced the resumption of full-day trading from May 7, hoping to stimulate trading and reverse the decline by extending the trading hours." Lu Jiangfan said.
"Oops! After holding it for a long time, I came up with such a result. Lu Haoshan pouted.
"Be content, boy! If only things could be as simple as you think. That's it. Lu Jiangfan rubbed his temples and said.
"Dad, how about the market? I watched so many people come out to support the stock market, and the securities regulator has publicly stated it. "Hong Kong's economic outlook is good, and the public need not worry too much, and confidence in the stock market can be restored. This stock market should give some face, and it will turn cloudy and sunny! Lu Haoshan guessed.
"What do you say?" Lu Jiangfan asked without answering.
"It's just that the rabbit's tail can't grow." Lu Haoshan said categorically.
"Why?" Gu Yaluo said curiously.
"There is no real money bailout. How is that possible? Lu Haoshan continued. In fact, let me say that it is better to let it fall freely, break and then stand! ”
"You kid is so simple." Lu Jiangfan knocked on his head.
However, as Lu Haoshan said: stimulated by various "bailout" measures, the stock market finally rebounded from the low level of May 9 (656.03 points) and rose to 742.45 points on May 14, while Hong Kong Governor MacLehose publicly stated on May 18 that the Hong Kong stock market has returned to normal remarks, which further raised the stock market to 861.54 points on May 21, however, this short-lived rebound lasted less than two weeks, stepping into May 22. The stock market has fallen back under the influence of the "big market makers" taking advantage of the rebound momentum and "shipping aggressively".
&*&
"Yikes! Are you all studying here? Lu Haoshan went up to the rooftop and said.
"I said Haoshan, Haowu and Haosi are about to take the joint entrance examination. Why do you keep running like a teacher! Lu Haoyi looked at him and sat down, and he said, "Don't just worry about stock trading, don't forget your studies." ”
"Yes, yes, Brother Yi." Lu Haoshan nodded hurriedly, "Aren't you and your second sister here?" ”
"You kid, copy the bottom and go up the mountain!" Lu Haoyi said embarrassedly.
"Brother Yi, just curse me!" Lu Haoshan said with a smile.
"Brother Yi, looking at the appearance of the third brother, you know that this cunning guy like a fox must have escaped." Lu Haosi said gently, with a smile between his eyebrows.
"Don't get carried away!" Lu Haoyi looked at the silly laughing Lu Haoshan and reminded, "Be careful of becoming a hairy crab." ”
"The Chinese people are really humorous!" Lu Hao'er's eyes lit up and said calmly and lightly.
"That's a joy in suffering." Lu Haoshan said with a wry smile.
In view of the situation that in the early days of the stock market's sharp decline, shareholders successively "took advantage of the dip", but later they were "trapped backhanded" and became "hairy crabs" who were trapped in holding goods.
"It is not without self-deprecation in the society that these 'hairy crabs' are divided into four levels, and the 'hairy crabs' in the stock market can now be divided into several levels. If it is purchased at more than 1700 points in the Hang Seng Index, it is called the first level; If the goods are purchased after the index has fallen by 500 points, it is called the second level; When the index falls to about 1,000 points, it is considered safe to buy, which is called the third level; If it falls below 800 points, it is believed that it is an opportunity to 'close the stock' and do not hesitate to buy it, which is the fourth level. Since this decline seems to be endless, those first-level 'kidnappers' are certainly lacking in the ability to recover and 'settle the loss', and those second-level buyers also have many who see the poor situation and abandon their armor...... As for the third and fourth level victims, they were originally 'righteous people' who supported the stock market in the 'big market' and believed that they would never 'lose their hands and feet' by investing in this index, and they even thought that if they held this 'line of defense' firmly, they would gradually attract the interest of other buyers, forming a kind of 'carrying force' and reversing the downward trend. Unexpectedly, they were also "caught by mistake", which made people feel even more chilling, and they regarded the stock market as a trap of 'no one should approach', and the stock market could not afford to sink, and many stocks fell below the floor price. Lu Haowu shook his head and said. (To be continued......)
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