Chapter 318: God's Finger
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Originally, Lin Hong only planned to stay in the United States for about ten days, and after the practice room of the Xingyi Daoist Hall and the establishment of the Black Lion Company were decided, he decided to return to China. Pen × fun × Pavilion www. biquge。 info(《》)
However, at this time, an unusual event happened on Wall Street that greatly delayed his return to China.
It was a beautiful day, and the host of the morning news called on the TV program not to waste such good weather, and to seize the opportunity to go out to the beach with your family.
Wall Street, as usual, began to get busy, with quotes and traders gathering in the stock hall to wait for the stock market to open.
Tuttle, one of many traders on Wall Street, belongs to a division of Citibank, where he is 46 years old and has been in the industry for more than a decade.
During this decade, he has witnessed the modernization of the U.S. securities market, from the original manual quotation, to the current gradual semi-automation, with machines taking over most of the payroll, and even to a large extent the use of computer algorithms for intelligent pending trading.
It is because of the entry of these machines that many quotes are at risk of losing their jobs, and they have to change careers to become traders or find another way out.
Like most other traders, Tuttle is also a little uneasy about these cold machines, believing that although machines can monitor stock price fluctuations more accurately than humans, this kind of trading behavior always requires human participation, and everything depends on machines, and sooner or later there will be problems.
At present, the U.S. stock market is a golden hour, since the early 09s, financiers have gradually realized that the future economic driver of the United States will be likely to be "Internet age + knowledge economy", and in this regard the United States has been at the forefront of the world.
The U.S. stock market has also entered a new round of bull market, the Dow broke through 3,000 points for the first time in April 91, and the Dow broke through 4,000 points in February 95, and just nine months have passed, in November when the Dow broke through 5,000 points, and is still moving forward, it is expected to break through the 6,000 point mark soon, and the time interval between the middle is getting shorter and shorter.
Tuttle is also full of hope for the future, his job pays well, plus he also invests in stocks, and now has a small asset, he has decided to work for a while, he will leave the position of trader, consider establishing an investment salary with friends, and change careers to become a professional investor. 《》
However, Tuttle never imagined that this day would come early, and in such an extremely disgraceful way-
At nine o'clock in the morning, this time is the busiest time of the day, Tuttle continues to receive instructions from customers to them, accurately enter pending orders into the computer, their customers are various business giants, every transaction involved is a single order, small as thousands of shares, large tens of thousands of shares have, and the funds involved are exaggerated, a casual transaction, may involve tens of millions or even hundreds of millions of dollars of conversion.
Tuttle is no longer a rookie who makes a fuss about everything, many years of professional experience have long made his psychological quality very strong, these funds, in his eyes, are just some ordinary numbers, the only difference is that there are big and small.
Sell Order, Gamble Company, 23,000 Shares, Price $15.21,
Buy order, IBM, 100,0000 shares, price $21.29,
Sell Order, Intel Corporation, 53,000 Shares, Price $8.13,
Buy Order, Nokia Corporation, 120,000 Shares, Price $9.98,
……
Tuttle is like a robot, after receiving a command, it automatically generates movements, and can accurately enter letters and amounts without even looking at the keyboard, all in a very short time.
The stock market is always changing, if the customer's requirements are not met in time, there is a high probability of losses, quickly and accurately help customers to trade The basic skills that a qualified trader must have.
At 9:27 a.m. New York time, Tuttle received a sell order from a customer to sell two million shares of Boeing at 29.5. This price is significantly lower than the market price, as Boeing's current share price is $32.16. It may be because there are more stocks sold, and the other party is in a hurry to sell, so the price of the entrusting party is correspondingly lower.
After receiving this order, Tuttle did not hesitate, immediately entered the corresponding price and quantity in the trading terminal, and then pressed the enter key to place an order.
Tuttle never imagined that his blow, which was no different from usual, would be tantamount to dropping a nuclear bomb on the entire stock market. (《》)
"I had no idea that such a thing would happen...... But even if I knew, I would do my job as usual. Later, when the reporter interviewed Tuttle, he said.
After entering the order trade a few more times, Tuttle heard the exclamation of a colleague in his ears.
"Oh my God!"
"What's going on?"
"Oh my God, I can't believe it!"
"Look, Boeing stock!"
……
The whole trading room suddenly became lively.
Tuttle immediately checked the real-time market chart of his cleaning company according to everyone's reminder, and saw that the curve that had just begun to wind up and down suddenly seemed to have encountered a subsidence, tilting straight down, as if falling from the clouds.
"God!" Tuttle exclaimed, immediately checked the sell orders, and he found that more and more sell orders began to pile up, and at this time, his headphones also kept coming from customers' orders, all of which were selling Boeing stock, and the price was getting lower and lower each time.
"Everyone, be quiet!" The supervisor stood up at this time, "Concentrate on your work!" There must be something special going on, but our work can't be compromised! ”
At this time, the trading room was busy, and the orders received by everyone increased several times in an instant, and the phone was about to burst.
At this time, the entire U.S. stock market took the stock change of the cleaning company as the fuse, like a drop of oil dripping into the water, and immediately spread at a very fast speed.
The Dow Jones index, which had been slowly climbing, suddenly became flat at this time, and after another ten minutes, it immediately turned downward, and the slope became larger and larger......
"Oh my God, what's going on?"
"Is the end of the world coming?"
“fu*k! Sell my stock for me at two dollars below the market price! ”
"Did war break out? Why did the stock market suddenly fall sharply? ”
"The stock market has crashed! The history of 1987 is about to repeat itself! ”
……
On Wall Street, all the financiers and bankers are going crazy, they don't know what's going on, and the stock market is pouring down like a dam.
The vast majority of ordinary people, most of whom didn't know what to do, raised their heads and stared blankly at the sharp dive of the stocks in their hands.
In just one hour, there were even many stocks that dived directly to 1 cent or 0 yuan.
Others started to do the opposite, and they started buying stocks in large quantities.
After Lin Hong found out about this phenomenon, he immediately called Phyllis, only to be told that she was already paying close attention and would definitely not let go of this good opportunity for gold to fall from the sky.
Lin Hong heard someone talk about the sudden plunge of the Wall Street stock market when he was surfing the Internet.
According to the information he has, there seems to be no major movement in the United States at present.
Intuitively, he thought there was something hidden behind this affair that was not well known, and most likely something he had been looking for in recent times.
He immediately gave instructions to his super worm to gather all the information that had a direct cause of the US stock market plunge.
At noon, the stock market suddenly stopped diving, and immediately rebounded at a faster speed, as if a ball had just fallen from a high altitude and hit the ground, and instantly bounced high, and in less than twenty minutes it had recovered its original level.
The Dow Jones index has also recovered from more than 4,000 points to more than 5,000 points, and the former multi-point index, which had been dived, has completely recovered its original state.
And the stock price of Boeing, which suffered first, has also recovered from being cut in half to its original price, with a gap of double in the middle.
All U.S. investors have experienced the feeling of riding a roller coaster, going from the clouds to the bottom and back again.
U.S. regulators immediately launched an investigation, but the ultimate source was traced back to Tuttle.
"What, I caused this incident?" When Tuttle heard the investigator's words, he froze, and then he laughed, "Man, are you kidding?" How do I have so much power? ”
Investigators eventually retrieved records from his computer, which showed that at 9:27 a.m., Tuttle sold a deal for $29.5, a whopping $2 billion!
After seeing this record, Tuttle's face changed drastically: "This is impossible! It's not a deal I made! ”
He remembered this entrustment, because compared to the previous tepid entrustment transaction, this transaction was relatively large, but he clearly remembered that he did place an order of two million instead of two billion.
"Something must have gone wrong!" Tuttle was aware of the seriousness of the matter, and he never believed that he would make such a mistake.
"It's a mistake, you typed the wrong letter when you sold the stock, and you mistakenly typed millions into billions."
A large sell order would have had a limited impact, at most Boeing's stock price would have fluctuated, but Boeing's stock is a component of the Dow Jones 30 Industrial Stock Average and the S&P 500. Moreover, its weight is relatively heavy, and it can affect the start of the Dow Jones index as soon as it changes violently.
Nowadays, the securities trading market has begun to gradually introduce computer trading, many trading companies or other investment institutions have begun to use computers to monitor the fluctuations of the story, once encountering a particularly abnormal situation, such as a large number of sell orders, then it is considered that there is a major disaster or negative event, these trading robots will begin to trade automatically.
It is precisely because this automated trading robot detected the anomaly of Boeing's stock price and immediately took corresponding actions, which played a role in fueling the situation and further accelerating the Dow's dive.
After everyone saw this investigation report, they immediately cried and laughed, a trader's mistake actually caused such a big violent fluctuation in the US stock market, is he God?
The title of "Finger of God" spread far and wide.
"I'm sure I didn't make a mistake!" Tuttle insisted.
However, his weak protests drowned out in the torrent of condemnation, and no one believed his words.