Chapter 300, Collapse (4)
At the end of the interview program, Scrooge told everyone:
"At the moment, there is no effective treatment for the virus. This is a terrible truth. Whatever medicine we have, whether it's sulfonamides or whatever, doesn't do much for the virus. And, because we don't understand the pathogenic mechanism of the virus yet, yes, we only have the most superficial understanding of it, we have observed that red blood cells break down quickly after infection, but how the virus invades the cell and how it destroys the cell, we don't know anything. Therefore, we will not be able to create targeted drugs in the short term, and the research on antiviral drugs is now completely like ancient alchemy, relying on luck. ”
"But, Mr. MacDonald, I remember you mentioned that the virus that causes the flu should also be a virus, right? But why do we all think about using the sea. Lo. Is it possible to treat this disease very effectively? Bill asked.
"Ah, Bill, there's a common misconception here. In fact, even without any treatment, in most cases, patients recover after a week. What is the mechanism of this, we don't know yet, yes, in front of nature, we are very ignorant. And the sea. Lo. Because the effect after use is only to relieve the symptoms, it originally took a week to use the sea. Lo. Because it still takes a week. Sea. Lo. It's just to make sure you're more comfortable for more than a week, so that your whole body won't ache and you won't be able to move. But if you're unfortunate enough to get some kind of deadly flu, that sea. Lo. Because it has almost no effect on saving lives. Scrooge replied.
"Doesn't that mean that we have nothing to do in the face of the virus?" Bill asked in a worried tone.
"That's not either. At least, I understand how it spreads. For example, the flu is transmitted by droplets, so when the flu is epidemic, a pair of masks can block the vast majority of flu viruses. In addition, we have shown that the virus of yellow fever is transmitted by mosquitoes, and as long as it can be controlled, yellow fever can be defeated. Scrooge replied.
"So do we now have the means to control this link? If we go back to digging the Panama Canal now, will we be able to control the spread of yellow fever? Bill asked.
"Of course, we now have DDT, a highly efficient and low-toxicity insecticide, which can be used to sweep away mosquitoes in the canal zone, so that without mosquitoes as a carrier, yellow fever is no longer a threat." Scrooge replied.
"I remember when you left the Panama Canal construction site, you swore that you would beat yellow fever and come back. Now, do you think you can announce, 'I'm back'? Bill asked.
"I think I can say that, well, Panama jungle, I'm Scrooge back! Soon, my friends and I will be back in Panama to restart the Panama Canal project. Scrooge replied.
……
Joshua reached out and turned off the radio, and he now knew what the good news was that could crash the railroad stocks. The discovery of a new causative factor, the virus, is definitely a good thing in the history of biology, medicine and pathology, and science has taken another big step forward. It is a good thing for all of humanity to find a way for the virus to spread, and to have the technology to cut off this route of transmission and thus keep humanity away from dangerous diseases. Being able to restart the Panama Canal is also a good thing for the transportation between the east and west coasts of the United States, and even better for the Panamanian people, who are in a lot of debt. But not necessarily for railroads in the United States.
When it comes to freight, at least in terms of transporting large quantities of goods, sea freight remains the cheapest mode of transport until the 21st century. For those goods that are not very time-sensitive, it is definitely cheaper to travel by sea than by rail. If the Panama Canal is navigable, although it will still be much farther and slower to travel from the east coast to the west coast by sea than by rail, it will be much cheaper than by rail. This means, of course, that some goods that would otherwise need to be transported by rail no longer need to be transported by rail. This is certainly not good news for the railways. With this news as a starting point, and then with a series of short guys, it's no wonder that the railroad stock doesn't crash.
And now, Joshua can think about what to do with the money Scrooge just earned. The Panama Canal project also issued stocks and long-term bonds. Later, after the outbreak of the Great Plague, these things fell like waste paper. Even the various bonds issued by the Panamanian government have fallen to the ground. Now that the news has been revealed, and Scrooge has announced that he will be restarting the project, especially if it is proven that yellow fever is no longer a problem after the project has begun, the value of these things will surely skyrocket. Joshua was now almost certain that a large portion of it had been quietly pocketed by Scrooge.
……
This truth is not a complicated matter, Joshua can figure it out, and the financial news of various newspapers and the like can also understand it, and they are like receiving some order, and they start a bearish chorus of railway stocks together.
So the expected crash occurred. This era has not yet been the system of falling limit and limit in later generations, this is an era of free trade, during the stock trading hours, the stock can rise as much as you want, how you want to fall, how you want to fall, and you are free.
In this completely free market, it is most likely to form an irrational frenzy, and at the beginning of the trading day, the inertia of going long resisted a little for a while, but as more and more shares were sold, the stock price quickly fell away. The first is the Pacific Railway, which is most affected by the transportation of goods. Then it led to a rapid decline in the prices of various railways. Traders in vests run back and forth at maximum speed, erasing the old prices on the blackboard and writing new deal prices, and then immediately erasing new ones, writing newer ones, or even more updated ones directly. Almost all generations. The managers have all received the calls, and these calls have only one content: throw away, throw away, throw away regardless of a qiē, the sooner the better!
When the sell-off becomes a frenzy, the rational judgment of Yiqiē is all sidelined, and the more it sells, the more people are afraid, and the faster it sells. The stock price is like a snowball rolling down from a high place, rolling bigger and faster, and finally even some other related industry stocks began to dive, so a big avalanche was formed. In just one trading day, the entire railway stock must have fallen by two-thirds of its price, and if it weren't for the time to close the stock trading market, I don't know what it would have fallen in the end.
Wise couldn't sell the stock today, he just hesitated a little, just a blink of an eye, and then, every time he wrote a new price, he saw that the current transaction price was lower than his selling price, and later, he simply stopped writing, because there was not much left to sell at the later price.
"It's okay, I'm not like Nielsen, I don't have a loan to speculate on stocks. It's just that the family's savings for more than ten years have been wiped out once, but I can still work, and our family is not in debt, at least I can survive. I just don't know how Nelson is, he borrowed so much money, I don't know if he threw it out in time. Nelson is a clever guy and he should ......"
Wise thought as he walked home. His home is a bit far away, and it takes more than an hour to walk on foot. When the stock market was hot the other day, Wise, who had made money, would treat himself favorably and spend money to take a taxi ride home. And now, let's go......
Turning around the corner, you will see the tallest building in New York, the New York Tower. It is said that there is a very luxurious restaurant up there, and you sell some of the most delicious delicacies in the world, so delicious that you can't even imagine. At a time when the stock market was very profitable, Wise once fantasized that one day, he would be able to bring his wife and children here for a big meal. But now, the fantasy roast goose on a silver platter, with a silver glittering knife and fork on its body, has flapped its wings and doesn't know where it has flown to, and Wise can only sigh at the towering New York Tower.
After looking up at the New York Tower for a while, Wise lowered his head and saw that his neighbor Nelson was also standing on the side of the street looking up at the tower, his expression was extremely hideous.
"Nelson, you're here too? Did you throw it out? Wise asked with concern.
"No, not at all, I'm just going to slow down a little bit......" Nelson's voice was a little fluttering, not like it came out of his mouth, but like it came from some farther, darker place.
"Wise, I was going to bring my family here for a big meal after making money, but now ...... Luckily, all the money I have on me...... Ah, I'm five cents short of that, can Wise lend me five cents? ”
"What for?" Wise looked at Nelson's expression and felt that something was wrong.
"Lend me five cents, and I'll take Sunny and little Louie up the tower with me. Little Louie had always wanted to go up and see it, he was only so ......" Nelson suddenly crouched down uncontrollably and cried.
The cry was so contagious that tears immediately welled up in Wise's eyes, and next to them, several men couldn't hold back their sobs.
"Nelson, don't think about it." Wise resisted the urge to cry, also crouched down, patted Nelson on the shoulder and said, "Tomorrow is Sunday, and the stock market is out for a day." Maybe this will calm everyone down, maybe the day after tomorrow will be different. ”
Countless people are thanking God for inventing the Sunday and giving the stock market a day off on Sunday, so that there can be a buffer. "Maybe the day after tomorrow will be something else." A lot of people think so.