Chapter 25 Black Monday

Luo Tiancheng found a special channel to open several accounts in the Dow Jones Industrial Average stock index futures, with a leverage of 50 times, minus the margin, that is, 6 billion funds, and the funds that can be mobilized reach nearly 240 billion Franklin (don't think it's incredible, you don't have to be in a leveraged company to accelerate development)!! If Lao Mei knew that she was so crazy about plundering wealth, it would be strange if she didn't find herself!

As the time entered October 1st, Luo Tiancheng, who needed to ensure that he paid full attention to the stock market, specially asked the school for a month off, and Mr. Liu knew that Luo Tiancheng had important things to do in his life, so he specially called and communicated with the school, saying that he was willing to donate 5 million Franklin as the school's teaching funds, and the school agreed to release it.

Otherwise, Luo Tiancheng will be punished in the Dongshengbao Noble Children's School, and the Dongshengbao Noble School, which can successfully run the school, has its own set of methods for disciplining noble students, otherwise this one will not come today, and that one will not come tomorrow, what will happen to the school, "Noble Children's Depository"!!

Until the 13th, Luo Tiancheng completed the construction of several accounts in the Dow Jones Industrial Average, and watched the Dow Jones Industrial Average continue to rise slowly in the VIP office specially prepared for Luo Tiancheng by the largest exchange in New York, and so far Luo Tiancheng's contract principal has lost 10 billions of Franklin, and as long as there is a little fluctuation in the market with high leverage, it will cause a lot of losses or profits.

On Wednesday, October 14, rumors of a punitive tax on acquisition profits began to spread, and the Dow Jones Industrial Average fell 95.46 points to 2412.70, equivalent to 3.8%, which is the largest one-day decline in history.

On Thursday, October 15, the trend did not reverse, the Dow Jones index failed to rebound, and the stock index continued to fall by 58 points (2.4%).

Until this time, Luo Tiancheng began to make a profit on his books about 1 billion Franklin value.

Friday, October 16, which is the expiration date of the option. London was hit by a strong storm and the market was closed, which forced more and more investors to enter the New York market for liquidity.

The stock market faced a strong sell-off, and near the close, rumors that President Reagan's right-hand man, First Lady Nancy, had been hospitalized with cancer, intensified the sell-off, and the Dow Jones ended the day down 108 points, breaking the previous record.

The Dow Jones Industrial Average fell 4.6% to close at 2,246.74.

Until this time, Luo Tiancheng's profit reached 2.3 billion Franklin.

"Dad, our stocks will definitely rise, this is just a short-term adjustment, do you want to buy!" Liu Tianhai admonished Old Man Liu in the Liu family manor.

"Wait, it's not the time!" Old man Liu saw that the Dow Jones Industrial Average began to fall, and his psychology seemed to have taken a shot in the arm, pretending to be unfathomable and stabilizing Liu Tianhai.

Seeing the old man's posture like this, Liu Tianhai knew that the old man was already determined in his heart, and secretly wiped a cold sweat, if he failed, he would directly lose hundreds of millions of Franklin......

On the morning of Sunday, October 18, Luo Tiancheng got up early in the morning and turned on the TV to watch the news on TV, and saw Secretary of the Treasury Baker who appeared on an American TV program at 9 o'clock. Luo Tiancheng is still in the dark until now, and he has not affected the general trend of development.

Baker Treasury Secretary announced on an American television program: "If the Federal Republic of Germany does not lower interest rates, the United States will consider letting Franklin continue to fall". This is obviously bad news, and the impact is global.

The news about Nancy's hospitalization was confirmed. While Japan is considering a 96% punitive tax on property speculation, and Germany's proposal for interest rate tax changes could make US Treasuries less attractive to German investors, the House of Representatives is beginning to talk about a transaction bill to freeze German imports......

Standing in front of the window, looking at the starry sky outside, the stars dot the night, the vastness and infinity of the universe are surging in Luo Tiancheng's heart, tomorrow will be the day of his own big stride, and how many people will become "negative" people.

On Monday, October 19, 1987, Wall Street was shrouded in clouds, and the New York Stock Exchange began its day with the rapid and dreary "dang, dang, dang" bell. Luo Tiancheng woke up before dawn, came to the New York Stock Exchange, came to the hall, did not go to his VIP office, opened the software, and waited for the opening time.

Mr. Law had already noticed from the news that the Hong Kong stock market had fallen by almost 10%, while other markets were also showing weakness. Ordering a cup of coffee and sitting at his computer desk, Mr. Luo wasn't sure if he would ever have a chance to drink coffee or do something else when the stock market was down about 10 percent around the world.

Luo Tiancheng looked at the chairman of the New York Stock Exchange, John Pheron, and several of his directors and employees across the three tables with a hint of curvature at the corners of his mouth, and every ten minutes or so, a person rushed to Pheron's side, handed him a small note or whispered in his ear. It is clear that the situation is very bad.

Disaster did not come at the beginning of the market opening, as the opening of many stocks was delayed, and exchanges reminded investors that prices would be lower when they opened, hoping to entice investors to buy the dip. And, since the Chicago market did not have to sell above the previous day's closing price, the price began to fall like a free fall. The Chicago market quickly traded below New York, which put more selling pressure on the New York market, and it was clear that this was going to be a very special, very dangerous day.

Several NYSE directors gathered in Chairman Phelen's office to assess the sell-off trend, while they connected with White House Chief of Staff Howard Baker via cell phone. The situation on the trading floor is even more unreal, the speed of order inflow is getting faster and faster, and the delay of the market tape record is getting faster and faster (the tape record is linear, the human eye can only recognize 900 symbols in 1 second, and the order inflow speed is greater than the entry speed, resulting in delay).

Towards the end of the morning, there were signs that the market was starting to stabilize. At this time, Luo Tiancheng came to his VIP office and turned on his computer, since Black Monday in 87 came as scheduled, his computer had to have fast trading time.

At 13:09 p.m., a terrible piece of news reached the Wall Street stock market, and the U.S. Securities and Exchange Commission's David Luther, speaking in Washington, said: "At a critical moment, although we do not know when this critical moment will be, I will discuss with the stock exchange the temporary closure of the exchange." The news caused even more panic.

Because once the exchange is closed, traders will not have time to dump their stocks, their shares will be worthless, and thousands of Franklins will be reduced to ashes. As a result, they had to quickly "dump stocks".

The Dow Jones Industrial Average was in a state of fascination, and by 2 p.m. it was down 250 points, with more than 400 million shares changing hands, and computers 100 minutes behind the actual trading speed. During this time, members of the Securities and Exchange Commission came forward to clarify that they did not discuss the closure of the exchange. However, it was too late, and the catastrophe could not be stopped.

At 14:05 p.m., the Dow rose 350 points and successfully crossed 2,000 points. However, the rally lasted only a moment, and the reaction of the futures market was basically the same.

Around 14:30, the stock price trend seemed to show signs of improvement, and then the rebound was blocked, and a new round of downtrend was formed here. At this time, there was only a little more than an hour left before the close, but in this short but long hour, the Dow Jones Industrial Average fell another 250 points in this air that seemed to have frozen, changing hands by 200 million shares.

It was not until the market closed at 16 p.m. that the dive was forced to stop. Luo Tiancheng had already completed the closing of all the short positions in his hands at this time, Luo Tiancheng couldn't hide his excitement, looking at the amount of profit in the account, 93 billion Franklin!! Earn nearly 9 times the profit, which can include the account of Hong Kong book funds.

This is an account that has been broken into parts, and under the processing of the intelligent worm brain, it is completely impossible for a small tail or something to exist!

At the end of the day, the Dow Jones Industrial Average fell by 508.32 points, from 2246.72 to 1738.470, a drop of 22.6%! It was the highest drop in a single day. Other indices of the stock market such as the NYSE Composite Price Index fell 19.2%, the AMEX Composite Index fell 12.7%, and the Nasdaq Composite Index fell 11.35%.

The par value of 600 billion Franklins, the equivalent of France's annual GDP, was wiped out in a single day. In fact, without Luo Tiancheng's participation, the total value of the loss would be about 5030 Franklin.

On the day, of the 1,600 stocks listed on the New York Stock Exchange, only 52 stocks rose, and the rest all fell. Of those, 1,192 stocks fell to their lowest levels in 52 weeks, and many of the most representative blue-chip stocks were also on the move.

Stocks of almost all major companies plunged by about 30 percent, such as General Electric Company down 33.1 percent, Telegraph and Telephone Company down 29.5 percent, Coca-Cola Company down 36.5 percent, Westinghouse Company down 45.8 percent, Amex Company down 38.8 percent, and Boeing Company down 29.9 percent.

Mr. Liu was already waiting in the hall early in the morning of October 19, seeing the stock crash on the TV channel, and the Dow Jones Industrial Average plummeting, the joy in his heart was really unbearable, walking back and forth in the hall, looking at the phone, holding back and holding back the hand that wanted to pick up the phone many times, knowing that his grandson, who had not seen him for a day, must also be paying attention, for fear of disturbing Luo Tiancheng, because his grandson had reduced the company's losses.

Luo Tiancheng took out 13 billion of the Franklins and prepared the remaining 80 billion Franklin funds to buy Apple, Microsoft and other stocks with high returns in value in the future before the market closed. If you remember correctly, the maximum exchange ratio of the yen is 88 to 1, and it happens that the Japanese exchange rate is rebounding, and you will buy it back when it is high.