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Chapter 248: An American Nightmare. There is even a faint upward trend! Hearing the news, Situ Meitang's brows gradually furrowed......

And Tu Qianjun still drank the fragrant Tieguanyin indifferently and gently, and his movements were gentle and not chaotic! even smiled and poured a cup of tea for Situ Meitang and said softly: "Uncle, please tea!" ”

Ah Fu, who was beside Situ Meitang, saw that Tu Qianjun didn't seem to have any reaction, and he couldn't help but be secretly angry in his heart! He knew that Situ Meitang had already handed over Tu Qianjun's three million An Liangtang funds!

This money was handed over to Tu Qianjun, which was a very crazy thing in Ah Fu's opinion! Tu Qianjun is not yet twenty years old! How can you hand over all the millions of funds to Tu Qianjun?! And on the morning of the 23rd, Tu Qianjun also asked Situ Meitang to go fully shorted, which made Afu even more angry!

It doesn't matter if you want to lose all your money, you can't spoil our money to the court! It was all fought by the brothers with a handful of blood and sweat!!

Therefore, when Tu Qianjun came over this morning, Ah Fu was always cold-eyed! Even he, who is usually extremely respectful and enthusiastic to Tu Qianjun, has not said a word to Tu Qianjun until now!

Seeing Tu Qianjun's indifferent appearance, Ah Fu was even more angry! But he endured, he didn't want to directly clash with Tu Qianjun in front of Situ Meitang, he just wanted to use this senseless waste to completely drive Tu Qianjun away after closing!

Ah Fu is not a person who does not understand the stock market at all, in fact, he is helping to open an account and inject funds during this time! It is because he understands that although there was a decline some time ago, in fact, the entire stock market is still on the rise!

At 9:40, the news of the return still rose slightly! Even the gains and rallies have an upward momentum!

Yes, Ah Fu looked at Tu Qianjun mockingly, and said coldly in his heart: Hehe, tell you to drag it! Do you know what an international financial market is? A milky mainland boy, what kind of big cloves of garlic are filled in this international financial capital?

Tu Qianjun raised his head, the eyes of these guys looking at him already had this meaning! Please tea! ”

Situ Meitang came back to his senses at this time, and picked up the cup of tea that Tu Qianjun poured for him on the chair, and was speechless for a long time! Words. 《》. In the end, Situ Meitang just drank the tea!

At this time, Maitreya, the big fat man in Huaxinglou, also smiled and took his own cubs with phoenix feet, pork ribs, and xiaolongbao...... Waiting for all kinds of morning tea snacks to come to the private room, Tu Qianjun meaningfully picked up a small longbao and whispered to everyone: "Come~ Eat a bag first, drink tea......"

"......" for a while, everyone was speechless again. And Ah Fu stepped forward to pick up a bun with a guilty face, and then poured a cup of tea with his own hands and saluted Tu Qianjun. Tu Qianjun smiled and took the tea and drank it all! Only then did everyone come over with a smile and eat the buns, phoenix feet, and pork ribs sent by Maitreya!

While everyone was eating hot buns, the Dow Jones was on a roller coaster, sliding from its high apex to the abyss, never looking back.

But at this time, in fact, the New York Stock Exchange was not as calm or excited as Tu Qianjun and them. There, tragic tragedies are unfolding! Below, a diary of a housewife who speculated in stocks that day:

On October 24, the fine fell sharply

Jason said that today's situation is so terrible that it is impossible to describe it in the word miserable. At the time of the opening, the stock market was relatively calm, and even the stock index showed a strength that has been difficult to see recently. But from 10 o'clock, a large number of sell orders began to pour in, and after only 10 minutes, the stock was trading at an unprecedented height. Sell, sell...... Fall, fall...... Jason said the entire stock market was in a frenzy, with the price of stocks rushing down like a waterfall, and more and more people crowding the trading window to ask to sell the stock...... The stock market is in a panic, the stock price drop requires investors to increase the margin, and those who cannot pay the margin can only be forced to sell the stock, and the new sell-off causes a new fall, and the stock is in a vicious circle.

When I heard it, my face became bloodless, and looking at Jason's sallow face, I knew what the risk of the stock market was! Among them, the Morgan family also decided to attend! For a while, everyone gasped again, looking at Tu Qianjun, who was still calmly drinking tea, with a demonic look in his eyes!

At 1 p.m. on October 24, leading Wall Street bankers met to discuss ways to defuse the public panic caused by the stock market's streak. Attendees included Morgan Bank's Acting Chairman Thomas Ont, Chase National Bank Chairman Albert Brown. Viking. After the meeting they decided to take the New York Stock Exchange Vice Chairman Richard Brown. Whitney took the shot. With the backing of bankers, Whitney bought a large number of U.S. Steel shares at a price above market price.

But it seems that the shareholders are not buying it! Still on the sidelines, he bought a large number of blue-chip stocks in a similar way while investors continued to take a wait-and-see attitude. Whitney's rescue was similar to the 1907 panic, and he was able to stem the day's further decline!

The New York stock market rose again, and the whole New York Stock Exchange was cheered! It seems that this little wave has finally passed, and the stock market in New York is still flourishing!

And Tu Qianjun, who determined that he had made a profit of more than 100 million US dollars in this short sale, knew that this was just the beginning! The next even more painful downturn, even the real big upheaval that affects the global economy, is the main thing!

And the United States is miserable, and China is also at war! On the Pinghan side, the Central Army's offensive forced the Northwest Army to transfer the main elite support, and Feng Yuxiang was forced to come back and take command in person. Until mid-October, He Chengjun retreated under the heavy pressure of the Northwest Army, but successfully reorganized his troops at Luohe and engaged in positional warfare with the Northwest Army. The plan of the Pinghan Central Army to cut off the Longhai Railway and the Pinghan Railway collapsed, but the original strategic goal of containing and attracting the main force of the Northwest Army and preventing it from advancing eastward to join the division had been achieved.

On the other hand, the Jin army, commanded by Fu Zuoyi, made a surprise attack on Shandong when the main force of the Central Army, which had fewer troops, moved westward, and attacked the Central Army lacking artillery with hundreds of heavy artillery, and sent a special force to sneak attack and cross the river from Dong'e, so that Han Fuyu, who was a miscellaneous army, could not retreat. The main force of the Jin army forcibly crossed the Yellow River, occupied Dezhou, Dongming and other places, broke Jinan, and Han Fuyu and Ma Hongkui were defeated and retreated. However, the Jin army failed to provide assistance, and the Northwest Army, which suffered heavy casualties, gradually turned to the defensive. ”

After Tu Qianjun put down the phone, several calls were made from Situ Meitang's villa. Even most of the staff in Anliang Company were sent out, and the thousands of small accounts that had been registered in a few months that had been injected into the capital began to move!

At this time, Roosevelt in the governor's office stood in front of the window and watched the woods in the night and was silent. In fact, he has been a little shaken by Tu Qianjun's words recently. Previously, Roosevelt did not believe Tu Qianjun because he learned that as early as 1923 and 1929, due to the extremely active trading, the Dow rose five times to the peak of 381.17 points on September 3, 1929!

Although the stock market fell for a month, the Dow Jones once evaporated by 17%. But in early October, the Dow picked up again, with more than half of the investors who had lost money in the previous month recovering losses, although the stock market then fell again, and the decline intensified on Black Thursday, October 24, 1929, when the stock market traded a record 12.9 million shares.

And Charles E. Mitchell, when he was in Germany, declared that "American industry is absolutely healthy", and that broker lending received too much attention, and "nothing can stop the upward trend". On October 15, he set off for China in detail

The question was discussed: "In general, the market is in a healthy state...... The share price has a reasonable basis based on the general prosperity of our economy. "That same night, Owen. Professor Fisher made a historic macro argument about the long-term elevation of stock prices, adding: "I would like to see the stock market trading more in the coming months than it is now. ”

The only troubling factor in these days of October was the fact that the stock price was falling.

Therefore, Roosevelt did not believe much in Tu Qianjun's judgment. And he thinks that this may be just a small wave, which will eventually be resolved. However, now it seems that things have changed a little badly! Although most of the news he received was still confident in the stock market, he didn't know why Tu Qianjun's words always flashed unconsciously in his heart!

So much so that he couldn't sleep, so he stood here quietly and stood directly all night. Then I saw a man fall straight out of front of me, and it was pitch black before my eyes, and I don't know what happened anymore. Jason told me about today's Tao. The Jones index closed at 260 points, and the stock market wiped off nearly $10 billion in market value in just one day. We have only a tenth of our stock left.

But, this American nightmare is not over! The next day, October 29, on Tuesday, the entire stock market still plummeted!

The next day, Black Tuesday, October 29, 1929, the stock market traded 16 million shares, a volume that would not be surpassed until nearly 40 years later, in 1968.

Economist and author Richard M. Sussman said that on October 29, despite market rumors that US President Herbert Hoover would not veto the "Smoot-Hawley Tariff Bill" awaiting congressional passage, the stock market still intensified its plunge.

The business tycoons such as William C. Durant and the Rockefeller family entered the market in a high-profile attempt to stabilize public confidence in the market, but these efforts failed.

The Dow ended up falling another 12% on October 29, and due to overtrading, the quote machine had to operate until 7:45 p.m. that night.

On October 28, 1929, the Dow Jones closed at 260.64 points. It fell by 38.33 points, a total decrease of 12.82%. On the 29th, it closed at 230.07 points. It fell by 30.57 points, with a total decrease of 11.73%.

All in all, the market lost $14 billion in one day on October 29, and the cumulative losses for the entire week amounted to $30 billion! Equivalent to the entire amount of the total expenses of the United States in the entire First World War!

That night, the New York Governor's special envoy came to the West Point Military Academy and found Tu Qianjun, who was training West Point cadets, through the principal, Lieutenant General William, and said solemnly to him.

"Dear General Tu, Mr. Governor Rothfurband hopes to meet you......"