Chapter 238: Global Financial Turmoil (Part II)

Although the stock market sold a lot in the morning, it was relatively stable. The sell-off has always been a relatively delicate balance.

However, less than half an hour after the market opened in the afternoon, several consecutive stocks worth tens of millions of dollars were sold one after another. The catastrophe has begun, will the panic be far away?

These stocks that were thrown out of the stock market had less than two minutes of adaptation period, and then they were frantically snatched up by the stockholders who rushed up. Some bought tens of thousands, hundreds of thousands, millions, countless shareholders and speculators, and even some small consortia also joined in. The tens of millions of dollars didn't last long.

In the eyes of many, this is just some unseen consortium testing the waters. It may even be that an investment institution is starting to take a position, and it is not a catastrophic stock market crash. Because, without warning.

The constant high stock price makes you ignore a lot of things that crazy people forget about their surroundings. Some people who have discovered this kind of crisis, as soon as they speak out, are drowned in the soaring stocks, and the facts are in front of them, which has already made people lose their minds. Greed is the original sin.

The flood of installments, the speculation of the banks, the increasing unemployment, and the widening gap between the rich and the poor have made this kind of prosperity untouchable.

"Morgan's hand is okay, but they ignore the market's ability to bear, as well as the stockholders' capacity." James saw that the stock market had stabilized and said lightly.

When the funds were bought, the stock market had stopped growing, and whether it was a high-quality stock or a junk stock, the original crazy growth trend stopped for a while. At this moment, everyone did not dare to move, they were all watching.

"Morgan will continue to sell, and this catastrophe is about to be detonated. They have too many stocks, and if they don't get a little back quickly, they are likely to lose all their money. Liu Qinglong also followed James's words.

As soon as Liu Qinglong's words were finished, another large number of stocks were sold off in the stock market. The amount of this batch of stocks is even larger, and for a while, the stock market, which was originally stable, has a downward trend, and it is still obvious.

Some bankers and economists waiting on the exchange hurriedly instructed their assistants to buy quickly. They know that they must continue to let the stock go up, and they can't let others follow suit.

The actions of these people have stabilized the stock market again, but they are also almost at the limit, and basically they can't get much money, and if this sell-off continues, the end will be tragic.

But before they could take a breath, Dabi's funds were thrown out, and this time it came more fiercely, and they were all caught off guard for a while.

The stock market, which had risen slightly, fell a lot again. The people inside the exchange couldn't help but wipe their sweat, and many people were praying, it was just normal.

"Quick, use the reserve funds, you must stabilize the stock market for me, and we must not let the stock market crash occur."

Some of the big conglomerates hiding behind the scenes issued the same order at the same time, that is, to buy with all their might to avoid a stock market crash. At the same time, they hate this guy who has been selling stocks.

"If everyone knows that the Morgan consortium is selling behind the scenes, it is estimated that everyone will hate the Morgan consortium to death." Liu Qinglong glanced at the people of the Morgan consortium not far away and said.

This is normal, and among these people, only Morgan, a consortium that made a fortune from finance, can see it clearly, but Morgan sold alone, apparently without notifying other consortia. It is estimated that he also knows the moisture in it, and he can't save it. James said.

"Now it is estimated that it has attracted the attention of those politicians, yesterday they were still proclaiming 'eternal prosperity', I wonder if this is a slap in the face?" Liu Qinglong gloated a little.

"Well, the government is about to make a move, and I guess that's when Morgan waits. But even so, the loss is definitely not small. The Morgan consortium's industry will shrink by at least half. James said.

As James spoke, the U.S. government had already received the news of the stock market anomaly at the first time. However, contrary to what James said, the government found out, but the response was very slow, and the US government did not know enough about the disaster in the stock market, so it did not take decisive measures, but only sent economic experts to continue to pay attention.

But then, something happened that stunned everyone.

A full-blown sell-off caused the already inflated stock market boom to collapse in an instant. Seeing the crazy beating price of the quotation machine, many people followed the trend and sold, and countless stocks flowed into the market for a while. Prices are constantly falling.

Those who are qualified to sit in the hall of the stock exchange have forgotten that they are not small stock speculators, and those small shareholders will be the first to resist this storm. The full-fledged sell-off finally caused a sell-off like a follow-the-trend.

The stock price on the quotation machine is dazzlingly refreshed, and at this time, there is no difference between high-quality stocks and junk stocks. Originally, it was a few stocks, but it didn't take long for more and more stocks to join the decline.

The stocks that are constantly being sold are gradually lowering the price, and the price of the stocks in the hands of shareholders is constantly shrinking. The stocks, which were originally worth 5,000 yuan, are depreciating rapidly, 45,000, 4,000.

The quotation machine is not very advanced and can not withstand such a crazy beat, at the fastest time, people basically can't see the price on the quotation machine, and the refresh is too fast. Maybe before people have collapsed, this quotation machine will collapse first.

The people in the exchange are all yelling and throwing wildly. Ignoring manners, they tore the tie and threw the coffee off their hands. Some lucky people hurriedly asked the staff if the quotation machine was broken. The achievable answer made them despair. The quote machine is not broken, but there are too many people selling.

The U.S. government made the first move, and the president simply didn't have time to pass Congress, and invested a large amount of dollars in the stock market, hoping to stabilize the price. And also convened all the big banks in the United States, and a few close big conglomerates, to discuss what to do next.

But now it's too late for anything, and if the Morgan consortium had not yet started a large-scale sell-off, it would have stabilized the stock market, perhaps not so many people would follow suit. The stock market catastrophe may be delayed for a few days. It's just that the Morgan consortium and the U.S. government are wrong, and the Morgan consortium thinks that the government will come forward quickly, so that they can recover the funds as much as possible, because they are afraid that they will sell slowly in this way, which will lead to follow-up. The government, on the other hand, thought it was just a small fluctuation in the stock market and had no idea that it would trigger such a sharp swing.

"Ozark, my stock is gone, there's nothing." Ozark's companion stared blankly at the declining stock. My heart was full of despair, and when I thought of the countless installments in the future, my heart was twitching.

"I told you in the morning, it was you who didn't listen to me, and it's useless to regret it now. You better think about how to repay those loans! Ozark said lightly. He was one of the few people who had already taken off his stocks, and when the stock market opened, he had already sold them.

The crowd outside the exchange was also full of mourning, and the scene was chaotic for a while. People have woken up from the madness, and all they hear is that the stock market is falling again. There was no consolation in hearing that the government had come to stabilize the stock market, but it was soon drowned in a frantically declining stock market. Major consortia have also joined forces to recover this decline, but the outcome has not changed much.

People who were still dreaming of millionaires before are now filled with despair and regret, and the slogan "If you want to get rich, go to the stock market", they are crazy, and after the madness, they all have to bear the price of their madness.

The stock market fell on the first day, the next day it was the same, and on the third day the crisis was in full swing. Although the government and big conglomerates have invested money to stabilize the stock market, it has been a drop in the bucket.

By the fourth day, the crowd around the stock exchange had not decreased, but increased, and we were all expecting to hear the news of the stock market rising again, but we were disappointed again and again.

At this time, a person jumped from the top of the building, and blood was everywhere. When they got closer, they saw that the dead guy was the economist who had been preaching in the newspapers about the eternal prosperity of the stock market. I didn't expect that the first person to jump off the building turned out to be this so-called "brick family".

With the first one to jump off the building, will there be fewer next?

Black Thursday, the day everyone will remember him. Not only in the stock market, but also in the sky, like dumplings, people who keep falling. Stocks have become waste paper, piles of loans have to be repaid, and debts are already the lightest. Just like the crazy falling stocks, jumping off a building may be their only option. Of course, you can also choose to be poor for a lifetime and use your life's work to repay those loans, and whether you can exchange them will be talked about.

However, many people could not find creditors, and banks announced their closures. As a result of the collapse of the bank, the citizens went crazy to withdraw cash, which was undoubtedly worse in the case of the economic crisis.

Gold was cashed out in large quantities, and all the banks were in a hurry. The U.S. government also had to intervene to temporarily stabilize the situation.

However, this is only the crisis in the United States, and it does not take long for the whole world to roll up the storm of economic crisis. swept all the capitalist countries of Europe and the United States.

Only Germany, Japan, and Italy, which practiced militarism, were able to delay the outbreak of the current economic crisis because they had already shifted their economies to the orbit of war.

(To be continued)