Chapter 333: Financial Turmoil
Yang Lin was still thinking, who was it that made such a show? The two figures, one after the other, rushed in.
"Boss!"
Yang Lin hurriedly waved his hand, signaling the two of them to lower their bodies and not to become the target of the killer. Who knows if the three killers are still there at this time?
Du Qingshan and Li Kaijun bent on their waists, trotted to Yang Lin's side, and covered him in the corner. Du Qingshan lowered his voice, full of guilt: "I'm sorry, boss!" ”
Although their reaction was quite timely, as long as they looked at the blood on Yang Lin's body, they knew how serious their dereliction of duty was. At this moment, Yang Lin shrank in the corner of the wall, naked. Naked, covered in blood, and embarrassed to the extreme. Although he didn't know that Yang Lin's injuries were all cut by the sniper rifle that shattered the tiles, as long as he thought about it, Yang Lin, who had always been athletic, was embarrassed at this time, and he knew how dangerous it was.
Li Kaijun said softly: "In my opinion, they are no longer there." ”
Yang Lin's eyes flashed: "You see it that way, too?" ”
Du Qingshan was stunned for a moment, and also came back to his senses. "Look at these two shots, if you wait a little longer, I'm afraid you won't be able to dodge it, boss. They don't want your life at all. ”
The three of them have the same opinion, which proves Yang Lin's assumption just now.
But who the hell is making this joke?
Or do you want to plant a stolen slot and blame a blame?
So, if you are assassinated and angry, who will you find to be the first to go under the knife?
Yang Lin's eyes narrowed slightly.
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October 19, 1987. Monday.
Hong Kong Stock Exchange.
Before the market opened, the trading floor of the stock exchange was already crowded. All kinds of shareholders. What is different from the past is that everyone's face is slowly worried.
On Friday, the New York stock market fell more than 91 points, or about 5%, on the day after hitting new highs in the summer. But due to the time difference, the East Coast time of the United States. It opened later than other major financial markets, and when the New York stock market plummeted, other markets were closed. It has not been affected, not even the Toronto stock market, which is synchronized with the New York stock market.
But everyone knows about the collapse of the New York stock market. It will definitely have an impact on the global stock market. Make a big difference. People are waiting, waiting to see how big the impact will be.
"Uncle Hua, how is it? You're an old-timer, tell us about it and give us some peace of mind. A young man in a suit touched the old man next to him with his arm. A look of eagerness.
"Reassurance?" The old man, who was called Uncle Hua, sighed. Shaking his head: "The situation is very bad. Do you know that just the day before yesterday, London suffered a typhoon, serious losses, municipal damage, many brokers and financial professionals in London, unable to go to work that day, resulting in a large number of open trades, unable to be settled before the weekend, so that the open trade has to spend the weekend, many professionals, this is uneasy. ”
The young man scratched his head and said suspiciously: "Even if a large number of transactions in London are not completed, it will not affect our Hong Kong, right?" ”
This old man called Uncle Hua seems to be on the exchange and has a great reputation. The two of them chatted, and many people gathered around to listen to Uncle Hua's comments.
The usual Uncle Hua, surrounded by so many people, has long been proudly blowing a few words to show his strength. But now, there is no smile on his face, and his voice is also very hoarse: "Freezing three feet, not a day's cold." One thing, of course, can't be that powerful. But, you know what? Just yesterday, US Treasury Secretary Beck said on a national television program that if the Federal Republic of Germany does not lower interest rates to stimulate economic expansion, the United States will consider letting the dollar continue to fall. ”
"Sizzle-" The people around remembered the sound of inhaling, and even the temperature of the surrounding air seemed to drop by several degrees in an instant.
The Federal Republic of Germany is the second largest economy in the world after the United States. If the dollar continues to fall, the confidence of shareholders will continue to decrease, and in order to keep their stocks in their hands and not depreciate, they will sell vigorously. This will have a fatal impact on the stock market.
"Hey, hey, it's open! It's open! ”
As the clock ticks to 10 o'clock, it's time for the Hong Kong Stock Exchange to open.
However, immediately after, an inexplicable panic enveloped everyone in an instant.
On the electronic screen, the numbers representing the rise and fall are green!
The stock market crash has begun!
The Hang Seng Index has fallen 120 points at the open, closed down 235 points at noon, and closed the day down 420.81 points to close at 3362.39, with all monthly futures indices falling more than 300 points to the limit.
Affected by the collapse in Hong Kong, the stock markets in the Asia-Pacific region fell across the board, and the effect was like dominoes, opening in various time zones, extending to the European market, and finally circling the globe back to New York.
Wall Street was shrouded in clouds, and in the rush and dreary "dang, dang, dang" bell, the New York Stock Exchange, began a new day.
At the beginning of the market opening, an ominous premonition hit everyone in 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 toss, all the green disks were turned up on the screen, and there was no red wave in sight. There was panic in the exchange, and the market was in chaos when it caught fire. From 9:30 a.m. until 11 a.m., the Dow Jones Industrial Average plummeted, and no one knew what to do to contain the worsening situation. Although there were also proposals to close the market, no one dared to make a decision. The New York Stock Exchange, concerned about Wall Street's role as a "weather vane" in the global stock market, had to desperately persevere.
And the computer system of the New York Stock Exchange, on this day, was almost paralyzed. There are a total of 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, due to the large number of sell-offs, the computer was 20 minutes slower than the actual trading speed; At noon, the designated instruction conversion system in the computer system slowed down by about 75 minutes. 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.
This is the cause of the stock market crash that is most recognized by this stock market crash: the collapse of program trading.
In the afternoon, the chairman of the U.S. Securities and Exchange Commission, David Brown. Speaking in Washington, Luther said: "At a critical moment, although we do not know when this critical moment will be, I will discuss with the stock exchange the temporary closure of the exchange." The news caused even more panic. Because 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. As a result, they had to quickly "dump stocks".
The catastrophe is no longer stopping.
The stock market crash shocked the entire financial world and produced a "domino" effect in the world's stock markets, with the stock markets of London, Frankfurt, Tokyo, Sydney, Hong Kong, and Singapore all being strongly impacted, with stocks falling by more than 10 percent. The stock market crash caused a huge panic among investors in Western countries, with many millionaires becoming poor overnight, and thousands of people having a nervous breakdown and committing suicide by jumping off buildings.
"Everything is out of control," the New York Times reported. Countless investors lost a lot on this day, and the world's richest man, Sam. Walton, who lost $2.1 billion in stock value in one day, is the world's youngest billionaire. Gates lost $3.945 billion, and computer magnate Wang An lost $31 million on the afternoon of the 19th alone. Many millionaires were reduced to poor overnight. The hardest are those investors who rely on their hard-earned money accumulated over the years to invest in stocks. Shaken by the collapse of stock prices, the psychology of shareholders has become extremely fragile. Many people in Central Asia, who were overwhelmed by the collapse of the stock market, had a complete mental breakdown and committed suicide. Banks went bankrupt, factories closed, companies laid off a lot of workers, and people panicked.
The day was dubbed "Black Monday" by the financial world, and the New York Times called it "the worst day in the history of Wall Street."
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The sword has a double edge, and there are pros and cons to everything.
Berkshire. Hathaway's corporate headquarters.
Warren Buffett sat quietly in his office chair, looking at the annual report of a publicly traded company. The desk in front of him was very clean. A cup of coffee, a phone, a stack of newspapers.
The stock market plummeted, and Warren Buffett's Berkshire stock was not spared. Ninety-nine percent of Buffett's personal wealth is the stock of Berkshire, a publicly traded company he controls. Within a day of the crash, Buffett lost $350 million in wealth. In just one week, Berkshire's stock price plummeted by 25 percent.
However, Buffett, who was in the blizzard of the stock market crash, could not see the slightest negative expression of nervousness, frustration, and regret on his face.
He is like an iceberg, calm, hard, and invulnerable.
In his office, there is no computer at all, there is no stock market machine, and he does not look at the stock market at all.
At the moment of the crash, perhaps Buffett was the only person in the entire United States who did not pay attention to the collapsing stock market from time to time.
The reason why Buffett is so calm is because of his philosophy, which is the belief that value will ultimately determine price.
"The market may ignore the company's success for a while, but it will definitely be affirmed by the share price. As Graham said: in the short term, the market is a voting machine; But in the long run, it's a weighing machine. ”
He has always believed that the actual value of a company is not reflected by the stock price.
Of course, in the whirlpool, even if you sit firmly on the Diaoyutai platform, it is impossible to ignore the surrounding environment.
So, when his secretary, holding a report, walked in and put it on his desk, Buffett's eyes narrowed and he looked at it with interest.
At this time, you dare to make a move? What a big spirit! (To be continued......)