Chapter 58: The Dawn of Victory

In the large private room, the vegetarian does not get tired of the fine Gain? Screw Child, just frowning, took a small bite of the burger he had bought and put it there.

Wushan and Puxijin didn't pay much attention to it, so they picked it up and ate it in two bites.

Liang Xuezhi picked up the hamburger, sniffed deeply, and closed his eyes.

"It's still like this, how many years have passed, my old Liang is back." He opened his eyes: "Back then, I was a poor student, and even Sam's fast food was rarely enough to eat. ”

"Old Liang, that's already the old yellow calendar." Gu Sanqi smiled when he heard this: "Don't say that in Sam's, even in China, there are many foreigners who are doing this fast food chain." ”

And what's going on? Wu Shan was stunned, at least he hadn't seen it in Oulothai.

When I arrived in Wushi, I either had a meal at Gu Qianli's house, or I had a casual meal at the Ouluotai office.

In this way, the Chinese opened Yanhuang restaurants all over the world, but they did not expect the backyard to catch fire, and foreigners spread fast food culture to China.

"Really?" Liang Xuezhi is an old pedant, like Wushan, he usually goes home for dinner in addition to work.

He just asked lightly, and didn't need to answer.

"That, Comrade Qin." The people from other departments in China all looked at Qin Dayou with uneasy expressions.

After so many years of China's reform and opening up, in terms of foreign affairs discipline, before going abroad, the department leaders have given explanations and explanations, and they are not allowed to do that.

"Let's eat!" Qin Dayou smiled: "We have more or less Western food in the usual meals of the embassy. Rest assured. If eating Western food is capitalism, then we are doomed a long time ago. ”

"Where, where!" One by one, the Chinese looked embarrassed, but they still ate politely.

"Eat." Wu Shan ate five in one go: "Only when we are full can we have the strength to work in the afternoon." As soon as the market opens in the afternoon, it is estimated that you will be able to see the final results of the morning. ”

For the average retail investor, today is a huge disaster.

At the beginning of the opening of the market, an ominous premonition hit the hearts of everyone in the noisy trading floor: Dao? 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 tossed plates, all the green disks were turned up on the screen. I can't see the slightest red wave.

There was panic in the exchange, and the market was in chaos when it caught fire.

From 9:30 a.m. to 11 o'clock in the straight, road? The Jones Industrial Average fell below. No one knows how to contain the situation that continues to deteriorate.

Although there were also people who mentioned that the market would be closed, no one dared to make a decision. The New York Stock Exchange was concerned about Wall Street's role as a "weather vane" in the global stock market, so it had to desperately hold on.

While people on the Chicago Mercantile Exchange were selling index futures in large quantities, the New York stock market was also selling in large quantities. And there is a huge shortage of buyers.

Within the first hour of opening. It's hard to find buyers in the market, about the standard? 95 blue chips, 30% of the benchmark stocks of the S&P 500, have not yet been traded.

Due to the large accumulation of sell orders and the low number of buy orders, the market price was forced to fall repeatedly to attract buyers.

By 10:30, the road? Eleven of the Jones Industrial Average's 30 benchmark stocks have not yet opened for trading.

In normal times, trading is usually started in less than 5 minutes after the market opens.

Because many stocks were not traded, at the time? The Jones Industrial Average does not reflect the actual price of the market, and the entire market is in a state of disorder.

The trading volume is constantly being refreshed. Computer trading systems slow down, tract? Jones Industrial Average and Standards? The exact number of the S&P 500 is simply impossible to calculate.

The stock market and the futures market drive each other. Stock prices and futures indices are falling faster and faster, and trading volumes are soaring.

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.

The computer system of the New York Stock Exchange was also 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;

During the lunch break, the Designated Instruction Translation System (DOT) in the computer system slowed down by about 75 minutes.

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.

Sam's Securities and Exchange Commission David? Luther speaking in Washington.

"At a critical moment, although we don't know when this critical moment will be, I will be in discussions with the stock exchange to temporarily close 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, members of the Securities and Exchange Commission came forward to clarify that they did not discuss 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 point, there is only a little more than an hour left before the close, but it is just over an hour in this short and long way. 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. Road? The Jones Industrial Average fell 508.32 points, from 2,246.72 to 1,738.470, a 22.6% decline, the highest drop in a day.

Other indices in 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 national GDP was wiped out in a single day.

On the day, only 52 of the 1,600 stocks listed on the New York Stock Exchange rose. The rest all 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 around 30 percent, with General Electric Co. falling 33.1 percent. Telegraph & Telephone Company fell 29.5 percent, Coca-Cola Company fell 36.5 percent, Westinghouse Company fell 45.8 percent and American Express Company fell 38.8 percent. Boeing fell 29.9%.

However. These are not the most terrible, Morgan's stock, which fell by 66.8%, and the stock of Rockefeller Corporation, which fell by 73.6%.

On this day, the New York Stock Exchange was overcast and the atmosphere was extremely tense. Prices change very quickly, there are not enough telephones, and the prices on the fluorescent screens cannot keep up with the actual market prices.

A trader said he was on a phosphor screen? The Jones Industrial Average fell 3.78 points. In fact, the number is 508 points.

On a normal day, the trading volume is about 100 million shares, but on this day it was 1.6 billion shares.

Due to the lag in the operation of the computer system. About 28% of the orders were not executed, including 92 million limit orders.

Many investors, especially small and medium-sized investors, don't know until two or three days later that their shares are not sold.

In addition, the Sam's government bond market is also in turmoil due to changes in stock prices.

However, due to the influence of computers, news organizations reported the closing price of the stock market only five and a half hours after the market closed.

"A qiē has lost its control," the New York Times reported.

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

Many millionaires have been reduced to poverty overnight, and the hardest suffering are those investors who have invested in stocks with the sweat they have 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 went bankrupt, factories closed, companies laid off a lot of workers, and people panicked.

At the mouth of the Hudson River in the evening, the river breeze and the sea breeze meet here, and even the autumn tigers are deterred.

Wushan and the others, who had been busy all day, also got on the car back to the manor.

Gain, who hadn't slept well for a long time, was so happy that he fell asleep in the car.

In fact, even Wushan is not very clear about the current specific number.

Although in another time and space, I have read a lot of reports about Black Monday on the Internet, but I don't know the specific value.

The shortcomings of the DOT system are evident at this moment.

Otherwise, Wushan would not abandon this system and let the people of Hope Technology develop a system called Windows.

Today, Yanhuang's computer and network have eyebrows. Otherwise, it will be launched with mobile phones.

Computer or network workers, they are just groping for a specific direction.

But Wushan, the reborn one, has given everyone a specific goal, and it is only natural that it will appear earlier than in another time and space.

"Old Qin, let's separate here." At a fork in the road, Wu Shan held Qin Dayou's hand: "When you return to China, you must contact me, let's have a good drink!" ”

"How?" Qin Dayou was shocked: "Today, our money has multiplied several times, all because you commanded Ruoding on the spot." ”

"It's already at the top." Wu Shan shook his head: "Speaking of which, it's because our country has not prepared enough funds. The matter of fishing in troubled waters can never be repeated! ”

"What about them?" Qin Dayou seemed to understand whether he understood or not, and pointed to the experts from various departments on a bus.

"Stay," Wu Shan said softly: "China's stock market has just started, they don't need to make any more moves, it's good to learn from experience!" ”

"Isn't our action in vain?" Qin Dayou was still a little puzzled.

"How so?" Wu Shan smiled bitterly: "Don't say that the numbers on our books are several times more, even the experts have also been trained." ”

"Sam's strength is unfathomable. Once the state makes a move, the money that our country takes out is better than nothing, so it is better to let Gaine toss it. ”

Regarding the strong background of the Screw Child family, Qin Dayou still believes in it. He nodded, got out of the car quietly, and disappeared into the sunset.

The evening in New York is the morning in China.

At this time, the dawn of the land of China has come. (To be continued......)