Chapter 21: The Longest Day (7)
Most of the participants in the market with small funds believe that the decline will stop and the US stock market will return to its original state, so they frantically buy stocks at low prices, thereby lowering the cost of holding them in order to sell them at a profit in the rally.
But in fact, this is only a short-term flashback, the large number of domestic funds in the United States has reluctantly pushed the stock market to the 2090 level, and the upward momentum has been exhausted, and it can no longer support the recovery of the index.
When the Dow Jones index rebounded to around 2040 points, Zhongshi placed another trading order, clearing all long positions and holding short positions at a high level.
At this time, it is the time when the market is excited, and there is no worry about the futures contract transaction, and Zhongshi's more than 10,000 hands have just been hung up, and all the transactions have been completed in less than a minute.
However, the appearance of such a large long order made the participants in the market sigh in their hearts and speculated about the intention behind it, but at this time the Dow Jones index was still rising, and people only thought about it for a while, and thought that investors would close it when they saw it, and they didn't care.
But then three empty orders of 3,000 hands were smashed down, which could not help but attract the attention of the people involved.
"Is this a sign that the index is turning around?" While everyone was still speculating, the index had rushed to 2090 points and was about to rush towards the psychological mark of 2100.
2100 points, will be an important juncture of the fierce battle between bulls and bears, if it rushes over, the trend of the day will be fixed in a slightly losing position, if it can't be rushed, the index will continue to fall, even more tragic than in the morning.
Stocks and futures contracts at this price change hands frequently, and the volume of trading volume also increases rapidly, at this time, the hearts of both off-market and on-exchange traders are tugging.
It was about half past two p.m. New York time, and it was clear that a critical moment had come.
"2094, 2095, 2098......" The bulls are frantically shouting every rising number, while the bears are pale and sweating like rain.
Just when the index rushed to the 2099 mark, a short liliang appeared out of thin air, selling all kinds of stocks, and the market was instantly flooded with a large number of sells, and the left side of the trading bar on each screen was full of large sell orders.
And the bulls did not show weakness at all, and they also hung up the number of lots to buy, and for a time at the price of 2099, the two sides saw each other shirtless, and the bayonets were red.
Trading volumes are rising rapidly, large buy and sell orders are frequent, indices are flickering in front of the threshold, and traders are rapidly typing out trading orders to complete one trade after another.
However, after a few minutes of stubborn resistance, the confidence of the bulls collapsed, and under the powerful offensive of the bears, they were defeated one after another, and the index instantly slipped by dozens of points.
Now everyone can see clearly, today's plunge is inevitable, and investors who understand it no longer hesitate and start a new round of selling.
In fact, it is no wonder that the funds invested in the U.S. capital market now have only one thought, that is, to withdraw from the United States as soon as possible before the dollar has depreciated.
Even at that time, they were on the bullish side, desperately buying stocks to keep their funds from depreciating significantly. It was only with the large-scale intervention of domestic funds in the United States that they had a chance to get out.
Japanese money, money from the Middle East, money from Europe, and money from some dictatorships in Africa are all looking for ways to escape. Combined, these funds are enough to compete with domestic American funds.
The index has been falling, and it has caused panic again, and no one can support it.
There was a sad look on everyone's face, and even those who did it in the right direction, most of them didn't know what was going on, but they all understood the meaning of the fall.
Is the country going to the end? Is the shijie economy coming to an end?
Such a thought arose in the minds of many people.
In an atmosphere that was almost solidified, the Dow Jones index was like a torrent of water, mercilessly breaking through the psychological barriers of 2000, 1900, 1800, etc., all the way to Xiangxia.
Now there is only one question for Zuihou, will the index fall below 1650, which is the new low just created in the morning?
Fortunately, at this time, the losing bulls regrouped at the 1700 position, and they seemed to realize that they could not fall like this again, otherwise they would really repeat the stock market crash of 1929.
Confidence is one of the most important factors in the market.
At this time, the closing time is also approaching, leaving little time for bulls and bears.
The two sides confronted each other again in front of the 1,700-point mark, and at this time, the trading volume had exceeded the 150 million mark in just over an hour, which was already the usual one-day trading volume.
And the bearish funds seem to have reached a limit.
As the index regained its footing, confidence in the market seemed to have returned, and people began to try to buy stocks, at which point the shares of various companies were at a cabbage price, and there was nothing cheaper.
The successive inflow of funds, the re-amplification of trading volume, the end of the strong crossbow of the bears, and the revival of the bulls, these factors slowly pushed the Dow up.
"Dangdang", as the closing bell rang, everyone breathed a sigh of relief, and even some people fell to the floor, panting constantly.
In the contest of Zuihou, the bulls have a certain upper hand, and the index is fixed at 1738 points.
On this day, the Dow Jones Industrial Average fell 508 points, or 22.6%, and at one point fell below more than 25% during the session, while on the Chicago Mercantile Exchange, the S&P 500 fell even 30%.
In other trading markets, various indices are also falling, such as on the NASDAQ, where the index fell by 11 points. The market value of $500 billion, equivalent to France's annual GDP at the time, evaporated into thin air.
I don't know how many people have gone bankrupt and lost their life's hard work, and I don't know how many people have become rich overnight because of this, and they have become enviable.
Bell Stone is undoubtedly a successful one.
When the index fell to 1800, he ordered Andrew to clear all the short orders in his hand and hold the profit in his hands steadily.
At the time of Zuihou's settlement, Zhongshi's account had made a profit of more than $700 million, almost reaching the $800 million mark. Combined with the funds he had originally invested, there are now more than $900 million in the entire account.
It's just that these haven't been settled yet, so it's just wealth on the books.
And with this money, Zhong Shi has long had a plan. In fact, it has been proved in later generations that the stock market crash did not have a fatal impact on the US economy, and it was not even a broken bone, and it was even an opportunity to buy the bottom.
Stocks like General Electric, Telephone and Telegraph, Coca-Cola, Walmart, Boeing, Microsoft, etc., have reached a point where they are ridiculously cheap.
These companies are big bulls for future generations, and their stock prices will rise to an unattainable level. If you don't enter the market now, when will you wait?
And Liao's father and son and Andrew, looking at the numbers on the account, were completely numb.
More than 900 million US dollars, converted into Hong Kong dollars, is about 7 billion, this figure is about the same as the annual profits of some large banks. What's even more terrifying is that the money is still in cash.
And their owner is the teenage child in front of him.
…………
After writing down some stocks to buy, Zhong Shi gave Andrew a few more instructions, and then took the Liao family and his son to leave the Far Eastern financial center where they had been tossing for most of the night.
At this time, the financial talents who have just gotten off work are obviously divided into two different groups of people, either crying with a sad face, or happy with their faces, which is in stark contrast to Zhong Shi, who is full of calmness, and Liao's father and son, who have a blank face.
Until they got into the nanny car, the Liao father and son did not recover from the shock.
"Go to Tseung Kwan O!" Zhong Shi said lightly, closed his eyes, and began to take a nap. Liao's father and son didn't say a word, their eyes stared straight ahead, still thinking about the number just now.
It wasn't until the car entered the cross-sea tunnel that they reacted, looking at the flashing lights, Liao Xiaohua said, "Where are we going?" ”
When the driver in front of him heard this, he immediately cried and laughed, and the Liao father and son did not react before, he thought that he had acquiesced, but now it seems that this is not the case.
"Go seal it!" Zhong Shi replied lightly, and stopped talking.
"Seal!" Liao Xiaohua was shocked in his heart, but seeing that Zhong Shi didn't mean to say any more, he obediently closed his mouth.
On a wasteland near the sea in Tseung Kwan O, Land Rover was directing truckloads of magazines down to the size of a hill, and he and a few shirtless young men were pouring buckets of gasoline on them. These people all have tattoos on their bodies, and they know at a glance that they are not good.
When everything was done, several young people said hello to the Land Rover, and quickly disappeared into the night.
The RV turned left and right to reach this place, and I saw a mountain of magazines emitting a pungent smell, and Land Rover was sitting on the ground, playing with a zippo lighter.
"Zhong Sheng, everything is done!" Land Rover saw Zhongshi get out of the car, stepped forward and said, while not forgetting to hand over a brand new magazine.
"The rich boy instructed the bodyguards to commit murder on the street", the curious Liao Xiaohua stretched out his head, just in time to see Liao Chengde and himself walking towards the building, and the portrait of Zhong Shi in front of him was blurred.
Needless to say, this must be a good thing done by entertainment reporters, Liao Xiaohua hurriedly flipped through a few other magazines, the content was similar, and unanimously accused Land Rover, who beat people, and Liao Xiaohua, the so-called mastermind behind the scenes.
"This ......" Liao Chengde suddenly became angry, pointing at Liao Xiaohua speechless.
"Liao Sheng, don't be angry. He has a good plan, and I have a wall ladder, which is nothing more than spending some money to settle this matter. Zhong Shi waved his hand to stop Liao Chengde's anger. And Liao Xiaohua was flushed and didn't dare to say a word.
With a "poof", Zhong Shi threw the lighter in his hand into the air, accurately landed in the pile of books, and suddenly lit a raging fire, the fire went straight to the sky, and it looked very eye-catching in the dark night.
"Let's go! This is a lesson for them! Zhong Shi had a cold face and casually threw a magazine from Zuihou into the fire. (Special thanks to the book friend ァ忏→ Soul ヾ for the reward, xiexie for the support of this book!) )
For mobile phone users, please read it on m.biquge.info.