The wind and thunder always start at the end of Qingping.

The late 50s and the entire 60s of the 20th century were the "golden age" of economic development in the United States.

The economy continued to grow steadily, and inflation and unemployment were reduced to very low levels. By the 80s, the U.S. stock market had experienced a 50-year bull market, with the market value of equities rising from $2,472 billion in 1980 to $5,995 billion in 1986.

Since 1982, the stock price has continued to rise, and the trading volume has also increased rapidly, reaching 180.6 million shares per day in 1987.

The stock market is extraordinarily prosperous, and its development has far outpaced the growth rate of the real economy, and the development of financial transactions has greatly outpaced the development of world trade.

Because of the high profitability of the stock market, a large amount of international and private capital flows into the stock market, and these funds engage in speculative transactions on the stock market in pursuit of short-term profits, resulting in a false boom in the stock market.

This 50-year stock market boom has also left many shadows.

In 1973-1975, the dollar-centered Bretton Woods system collapsed, and the United States erupted in one of the worst economic crises since World War II, resulting in higher inflation and high unemployment.

In addition, the arms race between the United States and the Soviet Union at that time greatly weakened the economic strength of the United States, with the result that the share of the international and even domestic market was constantly declining, and the foreign trade deficit and budget deficit were constantly rising.

With the deregulation of the financial market by the U.S. government and the stimulus of tax cuts on stock investment, huge amounts of international travel capital have poured into the U.S. stock market, which has contributed to the continuous rise in stock prices.

In the first nine months of 1987, Japan alone invested about $15 billion in new purchases of American stocks, and stock prices were on the verge of collapse.

Wise people actually know in their hearts that when virtual finance is more prosperous than the real economy, accounting for more than the real economy in terms of GDP, then the economic crisis is not far away.

As a matter of fact. Under the cover of a booming stock market, the real economy of the United States has been in an embarrassing deficit situation.

However, when a train is in a crazy acceleration, especially in the world, there are countless hands constantly pushing the cart behind, filling the car with gasoline again and again.

Faced with this situation, the U.S. government, known for its liberal economy, has no effective means to stop the outbreak of this inevitable disaster.

This is what the bearded Lao Ma and Lao En call the fundamental reason for the limitations and inevitable demise of the bourgeoisie.

Every other cycle, such a catastrophe comes. And the disasters are getting bigger and bigger each time, and they are becoming more and more unbearable every time.

No one knows. The world will be ruined in which disaster.

Darkness is coming.

……

Friday, October 16, 1987, USA Road. The Jones Industrial Average suddenly fell by 99.15, triggering a computer program to sell, thus triggering a chain decline in global stock markets.

On Monday, October 19, 1987, Wall Street was clouded. 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 struck everyone in the trading floor. The Jones Industrial Average opened down 67 points.

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. I can't see the slightest red wave (rising). There was a panic in the exchanges, and the futures market was in chaos.

From 9:30 a.m. until 11 a.m. The Jones Industrial Average has been falling. No one knows how to contain the situation that continues to deteriorate.

While Chicago Mercantile Exchange people were selling index futures in large numbers, the New York stock market was also selling heavily and buyers were desperately scarce.

In the first hour of opening, it is difficult to find a buyer in the market and accounts for about the standard. 95 blue-chip stocks, 30% of the benchmark stocks of the S&P 500, have not yet been traded, and the market price has been forced to fall repeatedly to attract buyers due to the large accumulation of sell orders and the small number of buy orders.

As the stock market and the futures market drive each other, stock prices and futures indices are falling faster and faster, and trading volumes have soared.

From 11:00 to 11:50, the stock market traded 93 million shares, and the noon futures index traded the equivalent of 7 million shares, while the stock market was 9 million shares. The catastrophe was pushed to the top by large institutions trading heavily in both markets.

And the computer system of the New York Stock Exchange was almost paralyzed on this day. With a total of 200 microcomputers on the New York Stock Exchange, the system has never handled such a huge transaction.

When stock trading numbers poured into the computer, the computer could 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 selling, the computer was 20 minutes slower than the actual trading speed; At noon, the Designated Instruction Translation System (DOT) in the computer system was about 75 minutes slower.

Due to the lack of capacity in the DOT system, 120 million of the 396 million shares transferred to the DOT system were not executed.

At 13:09 p.m., a terrible piece of news reached the Wall Street stock market. 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".

Road. By 2 p.m., the Jones Industrial Average was down 250 points, more than 400 million shares had changed hands, and computers were 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 was too late, and the catastrophe could not be stopped.

At 14:05 p.m., the Dow rose 350 points and successfully crossed 2,000 points. However, the rally lasted only a moment, and the reaction of the futures market was basically the same. Around 14:30, the stock price trend seemed to show signs of improvement, and then the rebound was blocked, and a new round of downtrend was formed here.

At this time. There is only a little more than an hour left before the close, but in this short and long more than an hour, the road. The Jones Industrial Average fell another 250 points in this seemingly frozen air, changing hands by 200 million shares.

It was not until the market closed at 16 p.m. that the dive was forced to stop.

At the close of the day, the road. The Jones Industrial Average fell 508.32 points, from point to point, a 22.6% decline, the highest one-day decline.

Other indices of the stock market such as the NYSE Composite Price Index fell 19.2%, the AMEX Composite Index fell 12.7%, and the NASDAQ Composite Index fell 11.35%. The par value of $503 billion in shares, equivalent to France's annual gross domestic product, was wiped out in a single day.

That day. Of the 1,600 stocks listed on the New York Stock Exchange, only 52 rose, while all the rest fell.

Of those, 1,192 stocks fell to their lowest levels in 52 weeks, and many of the most representative blue-chip stocks were also on the move.

Stocks of almost all major companies plunged by about 30 percent, such as General Electric Company (33.1 percent), Telegraph and Telephone Company (29.5 percent), Coca-Cola Company (36.5 percent), Westinghouse (45.8 percent) and American Express (38.8 percent). Boeing fell 29.9%.

Countless investors lost a lot on this day, and the world's richest man, Sam. Walton lost $2.1 billion in stock value in a single day, and the world's youngest billionaire, Bill Brown. Gates lost $3.945 billion, and computer king Wang An lost $31 million on the afternoon of the 19th alone.

Many millionaires were reduced to paupers overnight. The hardest are those investors who invest in stocks with their hard-earned money accumulated over the years. Shaken by the collapse of stock prices, the psychology of shareholders has become extremely fragile.

Many people who were overwhelmed by the collapse of the stock market and were overwhelmed by the weight of debt had a complete mental breakdown and committed suicide. Banks go bankrupt. Factories are closing, companies are laying off a lot of workers, and people are panicking.

However. In this miserable apocalyptic scene, there are very few cheerers hidden.

Liu Luanxiong could hardly believe the facts in front of him, and he felt that he was about to lose his breath.

In this black day, the 10 billion Hong Kong dollars invested by Tianxia Finance are about equivalent to 1.3 billion US dollars.

This amount of money is not a small amount of money for the New York Stock Exchange with a turnover of trillions of dollars, but it is definitely not a huge amount of money.

However, this little bit of money turned into at least $15 billion in a single day.

That's just over one-thirtieth of the $503 billion that U.S. stocks have evaporated today.

Converted to Hong Kong dollars, it is more than 100 billion.

Compared with Yan Qingyu's feat of winning 20 billion yuan a day in the London Exchange Center, today, it is more brilliant and spectacular.

Liu Luanxiong stared at the screen in the center of the lobby of the New York Stock Exchange, looking at the patches of miserable green, his heart was dripping blood.

Originally, he also had the opportunity to incarnate a gluttonous meal in this epic feast.

However, because of his ambition, his suspicion, and his unwillingness, his years of hard work have come to naught.

Even if he hasn't returned to Hong Kong yet, Liu Luanxiong doesn't need to think about it to know that as the vane of the world's stock market, the U.S. stock market has been planted like this, and Hong Kong stocks can be spared?

His billion, there should not even be any hair left.

Regret not being at the beginning!

Compared to Liu Luanxiong's pain, Gandalf, who was watching from the sidelines, was so excited that he couldn't help himself, his whole body trembled, his eyes were red, and he clenched his fists and kept roaring, screaming, and roaring.

Yan Qingyu told him that after this battle, it was the beginning of his great ambitions in the United States. He is the person in charge of Yan Qingyu's North American side, and the stall he has to be responsible for is far bigger than he imagined.

That's right, it's much bigger than he imagined!! (To be continued......)