Chapter 67: The Peak of the Women's Classic
Thank you for the reward from Xuanyuan Wu, thank you! In order to thank the book friend Xuanyuan Wu added a new chapter today. The results are not good, and there is no recommendation for the next week, so I can only change to one change per day. 458 members of the whole site clicked, 58 members of the history column clicked, and a text push ended. I hope you will support me more, thank you for 1990-01-15, the capital market of the women's worries that has been suspended for half a month has finally reopened for trading.
At the end of last year, a sudden disaster forced the stock market to stop trading in an emergency, and the stop price at that time was 36,844.14 points.
Although the country was seriously affected this time, and today's opening index, it seems that because of the factor of pallet funds, the opening is quite stable, and the women's economic index only opened slightly lower by 40 points, opening at 36804.44.
In the aftermath of the disaster, the government feared that the confidence of the people would be hit hard and that it would inevitably affect the capital market.
Judging from today's opening, it has indeed played a certain effect. After the opening, the stock market did not continue to fall, but began to rise slowly.
All worries seemed superfluous, and the fears of sell-off did not emerge, and the post-opening movement relieved everyone, including the government, of course.
In fact, before the opening of the market, almost all women worried about the country were very nervous, although the government vowed to maintain the stability of the stock market, but they were still worried that the stock market after the disaster would not be able to withstand it, once the situation was not good, they would not hesitate to sell their stocks.
For now, this is just a false alarm, and the stock market is still strong.
After an hour of trading, the index has crossed the 37,500 points and continues to push upward.
By the time of the midday close, the index had stood above the 38,000-point mark.
When the stock index crossed 38,000 points, the whole people went crazy, and in the face of their own country's economic prosperity and the soaring stock market, the women worried about the people were fascinated, and the 40,000-point mark was just around the corner, and I believed that they would soon step on the soles of their feet.
During the period from 1985 to 1986, with the rapid appreciation of women's yuan, women were worried about the international competitiveness of enterprises
There has been a decline, but the speculative atmosphere in the country remains hot.
In 1987, when speculation spread across all industries, the population of the country was optimistic that as long as the demand for land was high, the economy would not recession. Moreover, public opinion is also encouraging people to keep buying stocks, claiming that they will never depreciate in value.
At that time, in order to name this economic prosperity, the women's media also hoped to raise names similar to the Iwato boom and the Jimbu boom.
There are also a few who oppose it, arguing that land prices have far exceeded their actual needs, and that the economy will fall into recession in the near future.
From an economic point of view, the rise in land prices leads to a decrease in the profitability of companies renting land factories or office buildings, so it is reasonable to sell land to buy bonds, which leads to a decrease in demand for land.
According to the theory of supply and demand, prices will eventually converge into equilibrium.
However, the practice of calculating land assets by book value is generally practiced by women's enterprises, so on the surface, the rate of return of the enterprise has not changed, and the difference between the book value and the actual value has led to an increase in the book property, thus stimulating the women's enterprises to pursue the total asset size rather than the rate of return.
The illusion of ostensible economic prosperity has caused the whole country to go crazy, and the women are crazy to buy all kinds of luxury goods, including expensive works of art, luxury sports cars, and this kind of money is called women's money, which is concerned by the world economy and sought after by businesses.
As stock prices continue to rise, so does the purchasing power of women's worries, and the consumption boom of high-end cars such as Ferrari and Rolls-Royce is also rising.
Even, the businessmen of the country of worry arrogantly clamored to buy Rockefeller Center!
In fact, the world economy was in a bad state at this time.
The Arctic Goose is on the verge of collapse due to the war in Afghanistan and the arms race with the United States, as well as the upheavals in Eastern Europe.
In Europe, the international and social order is also very chaotic due to the severely high unemployment rate and the democratization of Eastern Europe.
After the economic cycle of the mid-1980s, the economy of the United States is gradually entering a trough.
There is a crisis in the housing finance industry in the United States, and the social credit crisis is becoming increasingly serious.
In addition, the current balance of payments is trending towards balance, but the domestic economy is in the doldrums, unemployment is rising, and the fiscal deficit is at an all-time high.
In such a world situation, the slogan "women's worries are the best in the world" has appeared in a country that is relatively stable politically and economically, and all the people have a premonition that the "era of women's worries" is coming.
At that time, the impression of the world was that 30 years ago it was an ordinary developing country, but it has quickly become a rich country full of gold.
The people of the country did not know that they were about to face a catastrophe and were in the final stages of madness.
In 1989, the bubble economy of the country had ushered in its peak.
At that time, the country's economic indicators reached an unprecedented high, but because asset prices could not be supported by industry, the bubble would eventually burst.
Once the speculator loses his speculation**, the price of land and stocks will fall, and therefore the book capital will be lost.
Many businesses and speculators have invested too much in the past, taking into account the rising book capital, resulting in large amounts of debt.
With the end of the central government's financial easing policy, the possibility of maintaining domestic asset prices no longer exists.
In the afternoon trading hours, only at the opening of the stock index, the stock index took advantage of the momentum to hit upwards and once broke through the 39,000-point mark, reaching an all-time high of 39,014.14 points.
Unfortunately, after that, it was no longer able to rush upward, and the rest of the time was almost a sideways oscillation.
Perhaps guided by the government's public opinion, the last wave of stock buyers bravely rushed in after the morning market opened, and at this point, people across the country who should have bought stocks have been sold, and the rest is just waiting to get rich.
This point is higher than the historical point of 38957, obviously, this is influenced by government public opinion, and it is not excluded that some funds are in play.
Everyone, including the government, is hoping that the stock index will break through the 40,000-point integer mark tomorrow.
The problem is that everyone is waiting to get rich, and they want others to carry a sedan chair for themselves.
This kind of relay game must have a latecomer to take over the baton, otherwise, without a latecomer to take over the baton, what is the final result?
In the last hour of afternoon trading, the index never broke through the maximum of 39,014.14 points, but fell slowly.
This downward curve is not steep and does not cause alarm among investors.
In fact, there was almost no buying in the afternoon trading, and it was just a reluctance to sell. It is clear from the trading volume that the contraction is very serious.
In the last half hour of trading, the scene changed, and the curve of the exponential decline became noticeably steeper.
Thirty-eight thousand eight hundred points are broken
Thirty-eight thousand five hundred points are broken
Thirty-eight thousand points are broken
In the last ten minutes of trading, the women's worry index approached 37,000 points. At the last moment of trading, the downward curve turned into a vertical downward trend, which actually broke the previous day's closing price and flew down