Morgan's recent rise in fame has also been very gratifying, mainly thanks to Carl Wright.

The three revolutionary technical analysis methods of "K-line", "MACD" and "KDJ" first appeared in his program, and instantly became popular all over the United States, and even began to develop in Europe.

Any of these, with the intervention of computers, could gain the advantage of the Maxim machine gun against the Mosin Nagant rifle level in the stock market of this era.

Together, the power is even greater.

But the bad thing is that it is released in the open media, so that the predators know it, which means that everyone is on the same running line again, and the sickle is sharper, which is indeed a bad omen for retail leeks.

But in any case, in the United States, which attaches great importance to invention and creation, this has also earned enough eyeballs.

When he appeared with Hansen, not only Carl Wright was fascinated, but the audience also seemed to be hypnotized -

- Obediently follow the baton of the two.

Morgan was old and mature, and he did not fly to see Hansen alone, but borrowed some clerks from the securities and economic company with which he cooperated the most, and flew over with him.

In this way, after the speech, when everyone's heads are hot, you can open an account on the spot, deposit money on the spot, and buy on the spot.

No regrets!

Everyone's happy!

In this day and age, there are no mobile phones, and buying and selling stocks is very troublesome.

The early rice stock market is similar to the early stock market of Edward's previous life.

Stock exchange (also known as brokerage)/broker-dealer model.

Brokers/broker-dealers open a securities trading room, provide quotations and conduct transactions.

In the beginning, due to the underdevelopment of transportation and information.

Almost all large cities or economic centers have their own exchanges, such as the Chicago Board of Trade, the New York Stock Exchange, the Philadelphia Stock Exchange, and so on.

The company can choose to list on any exchange.

With the development of the economy, the New York Stock Exchange has gradually dominated the world, and the rapid development of telephones has made brokers/stockbrokers feel that opening a trading floor is a thankless task, and something can be solved with a phone call, so why bother to go to the scene?

As a result, trading floors have been closed, and telephone entrustment has become the main method.

Usually the client informs the recorder of the transaction needs by phone, and the recorder sorts out the records, and then tells the broker who has a seat on the New York Stock Exchange floor at 18 Wall Street by phone/body, and they will trade.

Once the transaction is complete, the broker-dealer then notifies the recorder, who is responsible for informing the client of the outcome of the transaction.

As you can imagine, the accuracy of this transaction method is not high, and the price and money of the order can usually only be an approximate figure, and it is impossible to know whether the transaction is completed immediately.

In addition, the stock trading model of the United States is still very strange and even illegal in Edward's view.

In his previous life, if he wanted to buy a certain stock, he would place a buy order through the broker who opened the account, and the broker uploaded the order to the exchange, and the exchange's computer system was responsible for the instant matching.

This is a great achievement of technology, and he takes it for granted.

But right now, even in the most developed countries on the planet, the largest exchanges still use very excessive trading methods.

Let's say Edward wants to buy and Megan wants to sell, and they open an account with the same broker, then if their number of transactions happens to be the same, then there is no need to go to the NYSE for matching coupling, and the broker will directly match them.

This transaction is equivalent to being carried out at the brokerage, and the broker can change the account of the two people without logging in to the exchange's management system.

It is not until after the market closes in the evening that the stockbroker and the exchange do a reconciliation cleanup.

Only when the client controlled by the securities broker is unable to complete the internal matching, will the excess part be reported to the exchange, and the exchange will come forward to match the securities brokers (in fact, sometimes they don't bother to report to the exchange, and the familiar economic companies contact each other once, if it still does not work, report to the stock exchange).

In this way, the transaction reported by the broker is not the same as in reality, and a certain stock may actually be bought and sold 100 times today for a total of 500 shares each time, but on the final reported form, the number of transactions is 1, and the total trading volume is 50,000 shares.

In the era when there were no electronic computers, or even mechanical computers, this could greatly reduce the pressure of settlement and improve the efficiency of settlement.

But it seems a bit non-standard or even illegal (in fact, in Edward's previous life, many black futures and black foreign exchange exchanges played like this), but considering the limitations of the times, it can't be wrong.

But this thing actually has a certain institutional risk, first of all, this way of trading, in fact, the trader authorizes the broker to use his own account to trade under the broker's total account, and the counterparty is likely to be the broker itself in many cases, which ...... Clearly inappropriate.

Secondly, the funds are also stored in the brokerage account rather than a third-party depository, which is easy to be misappropriated.

So Edward has a lot of feelings for the big A in his previous life, at least when he crossed, the big A was almost the best in the world in terms of transactions.

Of course, the stock market has been hovering around 3,000 for ten years, and the massive combine harvesters and leeks are not discussed for the time being.

To be honest, without the intervention of large-scale computers, the New York Stock Exchange was able to maintain a trading volume of seven or eight million shares per day with almost no errors, and the establishment of the institutional design process and the corresponding hardware collocation are almost the highest degree of human intelligence can achieve, full of punk in the pre-PC era.

For reference, in the early days of the Shanghai Stock Exchange in the early 90s, there was a terrifying T+15 trading period, which was caused by the inability of the background to complete the document matching, and the trading volume at that time was only a few hundred thousand shares per day.

(Regarding the trading method of the New York Stock Exchange, everyone should read it several times and understand it as much as possible, and this knowledge point will be used in the follow-up plot, which is very important.) Let's put it bluntly, GME stock unplugged the network because of this strange trading system that is still in use today. ）

As an aside, the NASDAQ, which was born in '72, although it took the route of full computerization from the beginning, was similar to the New York Stock Exchange in this issue, and adopted a more extreme market maker system - this will not be expanded.

Therefore, at this moment, the securities economic company has to try its best to absorb retail investors to open an account, which is characterized by low transaction frequency, small number of transactions, and greater tolerance for transaction prices, which makes internal matching convenient, can greatly reduce the settlement workload, and is the way of survival of small and medium-sized securities economic companies.

In addition, the people in the United States are actually quite cute.

It's no bad to catch up with idols, especially financial idols.

After all, everyone wants to get rich, and whoever can help get rich is an idol. (Nuo'an's manager Cai xx cried, "Don't make money, just call me Mr. Cai, if you lose, call me a rookie, please invest rationally")

At this moment, star fund managers have appeared, such as Fred Carr of the corporate fund, who gave his clients a 117% return when the Dow rose by 15%.

There is also Gerald Tsai of Fidelity Capital (this is obviously the real Mr. Tsai), when he left Fidelity Capital to create his own Manhattan Capital, he originally planned to raise $2,500w, but the crazy investors shoehorned him $2.7.

It's just that I don't know if the investor's name for him will change from jay (Gerald's nickname) to dogcai after losing money, oh, no, the people of the United States have always considered dogs to be friends of humans......

At the same time, the introduction of television into thousands of households has also given some smart people an opportunity, the famous Walter Wincher, in Edward's familiar words, this is the contemporary "master of ticket blowing".

As soon as he openly says which stock he is optimistic about, its price will skyrocket, but it will soon be back in the same place.

Morgan understands these routines, and in fact many Walter Coldcher and Walter Heatell have come to him to ask for cooperation.

But they were all rejected by him.

even withstood the task pressed down by the director, of course, it was very strategic, otherwise he would have gotten out a long time ago.

Because he knows that the so-called blowing of votes is an open fraud.

For the time being, there are no relevant laws to sanction it, and the speed of legislation in the United States is not high, but the overall efficiency is very good, and he will not do this kind of thing that he may go to prison for the rest of his life for the sake of immediate interests.

He is the host of the TV station, and after blowing the ticket, he can pat his ass and leave, and go to the next profit-hungry stupid fork TV station to cooperate.

And he ...... will directly become the target of angry investors.

But at the moment, he can't care about it!

Anyway, YOLO!

Moreover, there is no conscience in this matter.

Especially when he showed his account in public after the speech, which recorded that he had bought 5,000 shares of theater stock in the United States, everyone was shocked.

5000 shares doesn't seem like much.

But this is the country of 1969, and loan consumption has become a way of life.

Morgan, a middle-aged man, looks glamorous, but he has to support his wife and children of four with his salary, pay off the mortgage and car loan, and at the same time save the education fund for his children, as well as pay the medical pension insurance for the two couples.

Oh, and by the way, there are two dogs, and this thing is not a pet, it's a family.

Not to mention eating well, you also have to buy corresponding medical insurance......

These bits and pieces add up enough to empty him of all his income.

This $10,000 worth of stocks is indeed what he has put together all his belongings.

The masses are fanatical and brainless, and the train runs fast, all by virtue of the headband is a universal truth.

Seeing that someone took the lead and posted accounts, the atmosphere at the scene was immediately unprecedentedly high.

The staff of the securities economic company brought by Morgan was so busy that it flew up, and a customer had just opened an account, and immediately rushed to the next counter to make a deposit with the equity card that had not dried the ink, and then shouted "yolo!" 30 shares of the national cinema chain. yolo！ ”

At this moment, the onlookers will let out enthusiastic cheers and whistles, and invariably applaud.

In this way, this new shareholder who has just made a deal seems to be a warrior who has just returned from the battlefield, and the stock warrant is his/her medal.

The atmosphere was frenetic, like a cult scene.

Of course, this is also the handiwork of someone, as a traverser, what has he not seen?

Pyramid schemes, pension fraud, cult sheep pulling, and fandom activities all have a common characteristic, that is, they create a fanatical atmosphere to deprive the victims of their rationality and calmness.

Having the people around them congratulate them in order to stimulate their self-perception of being socially recognized and satisfied, so that they can fall into a pre-set trap and bring about a more fanatical atmosphere, is an essential procedure, which may seem old-fashioned, but it works very well.

Maslow's hierarchy of needs (PS The famous five-layer triangle actually has nothing to do with Maslow, and he himself is against understanding his theory in this way, but so be it), he has learned and used it crookedly, and the results have been remarkable.

This made Hansen think of bowing down many times......

In this way, the more and more activities are carried out, and the more they are carried out, the bigger they are.

Finally, it has reached a point where it is enough to cause a qualitative change.

The guys on Wall Street, or rather short theaters across the United States, can't sit still.

Mel Pfister jumped out first.

As a legendary short-seller - Wall Street is where legends are born, and that's not a lie, Wall Street legends are true legends.

Of course, there are also disadvantages, first of all, the time of the legend is relatively short, and it can be a legend within a legend in years.

Secondly, the end is not very good, either go to jail or jump off the building, and if you are lucky, you can spend the rest of your life carefree in the madhouse.

How could Mel Pfister stand someone slapping him in the face like that?

So, he immediately called a small press conference.

Anyway, there are people in the major media who squat near the New York Stock Exchange all day long, so that they can stop and grab news.

Mel Pfister sent invitations to the guys to attend a buffet reception at his mansion estate tonight.

Although I don't know if the reporter can get a red envelope for the carriage fee.

But Mel Pfister has always been known for his generous spending, especially for the media, and even if he doesn't have the money, he won't be able to run away from tonight's meal.

In the evening, when the reporters had eaten and drunk enough, and had pinched the butts of the waitresses, Mel Pfister was late.

The reporters, burping, pulled out their laptops and set up their cameras, and began to listen to Mephistopheles' demagogic speech.

The next day, the speech was published in the newspaper.

Edward also saw it in New Haven.

But Mephistopheles' rhetoric is nothing new.

Edward could almost recite it himself.

But his money was not spent in vain, and the reporters immediately used their professional skills to blow Mephistopheles into the world, and even those bearish grounds seemed to have become a golden rule.

"This guy can't do it......" Edward stretched and walked to the school bench, covering his face with the newspaper.

Spring has come, the warm sun shines on his body, making him drowsy, anyway, there is no class in the afternoon, it is better to lie down for a while.

In the evening, he sneaks to Silare's dormitory.

After paying hundreds of millions of sincere feelings, his heart was temporarily stabilized, but when he was paying, he almost shouted "Teacher, you should call me Dad" to his younger sister.

……

Emotional communication is a pleasant thing, but the disadvantage is that the body will feel tired, and it is natural to order takeout for dinner.

The two were eating in the living room and watching the news.

Looking at it, Edward's brows furrowed, and the meal was not fragrant.

"Ed, what's wrong with darling?"

"Fxxk" he threw the pizza into the box.