The Goddess Shines on America

Jordan will never forget today.

Facts have proved that after the one-day drop of 100 points on Friday, when the global stock market opened again on Monday, the Asia-Pacific stock market fell miserably.

As of the close, the Hong Kong stock market fell by 420 points throughout the day, the Hang Seng Index plummeted by 10%, and the futures index fell by more than 300 points in each month. In the early morning of the next day in the East Eighth District, the Hong Kong Stock Exchange announced that they would suspend the stock market and futures market for a historic four-day period from October 20 to October 23 in order to clear up a large number of people. Delivery not completed.

Sydney, despite a smooth start, was not spared the catastrophe in the end, with the All Ordinaries down around 80 points. Before the sound of the opening gong on the Tokyo Stock Exchange was heard, the stock price plummeted. The Nikkei 225 Index fell by 620 points, or as much as 14.9%.

Furthermore, as the sun continued to rise across the horizon, the losses of the East also poured into the Western Hemisphere. Stock markets in Paris, Frankfurt, Stockholm, Milan, and Amsterdam all fell by 6% to 11% to varying degrees, forming shock waves in stock markets around the world. When this wave finally rushed to New York, how many financial media didn't even have time to make detailed reports. When the market opened, many people didn't even know what happened in the past twelve hours and what they would do to the US stock market. impact.

Jordan was very fortunate that he sold all his personal stocks before eleven o'clock.

First of all, since many stocks did not trade at all after the market opened, the Dow Jones Industrial Average could not truly reflect the actual market price at all, and the entire market was in a state of disorder. The trading volume is constantly being refreshed, the speed of the computer trading system slows down, and the exact figures of the Dow Jones and the S\u0026P 500 cannot be calculated at all. It can only be driven by the mutual drive of the stock market and the futures market, allowing the stock price and the futures index to fall faster and faster. And the transaction volume is still soaring.

According to the data you obtained later, during the period from 11:00 am to 11:50 am alone, the stock market traded as high as 93 million shares, while the trading volume of the futures index at noon was equivalent to 7 million shares. It is 9 million shares. Countless large institutions traded heavily in both markets, bringing the disaster to a head. The computer system of the New York Stock Exchange was also paralyzed on this day.

There are too many. Although the exchange is fully equipped with two hundred computers, their systems have never handled such a huge transaction. When stock trading data flooded into computers, they could barely handle it, and when sell orders flooded in, the processing speed of the information system lagged far behind!

At noon, the broadcast was broadcast by the whole building of the high-level bank, and it came again at noon. According to the "reliable information" they said, as of noon, the designated order conversion system in the NYSE computer system had been delayed by 75 minutes. Moreover, because of the insufficient capacity of its system, out of the 396 million shares orders passed to it internally that day, a full 120 million shares were not executed!

The dire situation certainly had the government's attention, so Jordan wasn't surprised when, at one o'clock in the afternoon, the SEC issued a bulletin that it might close the exchange. Those bureaucrats, no matter when the actual actions will be implemented, and no matter what will happen after the implementation, they still have to speak, otherwise they will definitely follow the truth and be criticized for not doing things properly.

In fact, as Jordan later recalled, it was actually just a rumor, at least as far as everyone at the Rothschild Bank found out, it was called by the bastards from the New York Herald. is true? or fake? Jordan didn't have the energy to confirm it, but the news obviously came from nowhere, and he thought it was coming from many places.

Therefore, because of their announcement, the entire stock market suddenly fell into a worse situation!

You know, once the exchange is closed, traders will not be able to throw away their stocks in the future, their stocks will be worthless, and thousands of dollars will be reduced to ashes. Therefore, they have to "dump stocks" quickly, and this will just bring an infinite burden to the exchange computers that are already almost down!

Since that damned announcement, the Jones Industrial Average plummeted like a demon. By 2:00 p.m., it had fallen 250 points. Stocks had changed hands by more than 400 million shares. Computers were faster than actual transactions. A full 100 minutes behind. Such a high trading volume, such an astonishing decline, coupled with the increasing delay of the damn computer, the subsequent results are even more predictable.

And at this moment, that fucking Securities and Exchange Commission showed up and clarified that they hadn't discussed closing the exchange.

A bunch of hindsight!

Jordan clearly remembered what the colleagues around him looked like when the CNN news on the wall-mounted TV in the office finished speaking. They are cursing, they are slamming their cups vigorously, or cursing officials with the most vicious words that approach the limit of human imagination.

Because everything is too late.

For the stock market, every minute is extremely important, let alone a whole hour?

Of course, there is still a slight backlash, after all, the official denied that speech. At 14:05, the Dow rose 350 points and successfully broke through 2000 points. When the colleagues saw this gratifying situation, they immediately dialed countless customers of the bank after a series of phone calls, all of which were persuading them to buy back the stocks as soon as possible. After all, for these traders, the commission for each order can buy a set of high-end suits, and even a Rolex watch!

But the disaster has been unstoppable, the rebound only lasted for a moment, and the futures market reflected basically the same. When Jordan and Jimmy saw the subsequent changes, they didn't know whether they should be thankful that they didn't act rashly and didn't change their short positions back to full positions, or should they worry about the worsening stock market.

Just before 14:30, the stock price trend seemed to show signs of improvement, but this rebound was severely blocked immediately, and a new round of downward trend was formed here. At this time, there was only more than one hour left before the closing, but in this short and long hour, in this kind of air that seemed to have frozen, the Dow Jones Industrial Average fell again by 250 points, and the change of hands was as high as 200 points. billion shares. It was not until the market closed at 16:00 in the afternoon that the diving was forced to stop.

Bullshit, Jordan thought, the market is so fucking closed, isn't the diving over?

On that day, the Dow Jones fell 508.32 points from 2246.72 points to 1738.470 points, a drop of 22.6%, setting a record for a single-day drop since 1941. A full $503 billion in par value in stocks, equivalent to the annual gross national product of France, was wiped out in one day. On the same day, among the 1600 stocks listed on the New York Stock Exchange, only 52 stocks rose, and the rest all fell, and 1192 of them fell to their lowest level in 52 weeks.

Even many iconic blue chips are doomed. General Electric fell 33.1 percent, Telegraph and Telephone 29.5 percent, Coca-Cola 36.5 percent, Westinghouse 45.8 percent, American Express 38.8 percent and Boeing 29.9 percent. When the 20th came, the "New York Times" listed a series of celebrity investors who suffered heavy losses.

First of all, Sam Walton, the richest man in the world, the founder of Wal-Mart, lost US$2.1 billion in stocks on this day, while Bill Gates, the young founder and chairman of Microsoft, and billionaire Bill Gates lost a full US$3.945 billion. , Wang An, the computer king, lost 31 million US dollars in the afternoon of the 19th alone. Millionaires become poor overnight, but the most miserable are those retail investors who rely on their years of hard work to invest in stocks.

"Oh, God……"

On the afternoon of October 20th, in an ordinary high-rise apartment in Queens, New York, Harry Poness lay on his back on the bed and let out a heartfelt exclamation.

"Why was I so obedient and withdrew all the money a week in advance?"

At this time, he was reading newspapers, all kinds of newspapers, by the lamp beside the bed. From the "Wall Street Journal" to the "New York Times", from the "New York Herald" to the "Washington Post", and even the "Los Angeles Daily" and "Seattle Daily" that were delivered at a high price. Undoubtedly, every newspaper put the financial news on the cover of the day, reporting and commenting on yesterday's terrible situation.

"However, Microsoft's stock has really fallen a lot. Although the company's total market value is not the same as my own worth..."

Muttering this, Harry opened the "Silicon Valley" weekly, which was also mailed from the west coast.

It was just received ten minutes ago.

This weekly magazine happened to be typesetting and printing every Tuesday morning, so it just happened to be able to record what happened all day yesterday, and after nearly ten hours of travel, it just happened to be mailed to Harry on the east coast.

The cover is just as Harry expected. It is a tragic scene of the Nasdaq stock exchange being red. I don’t know how many Silicon Valley companies are listed here. Now, the big storm that has swept the world has not let it go. .

However, what attracted him the most was not the red numbers on the cover, but the three letters in bold font and their titles.

"Lucky Cisco IPO, Alice Wang's Prophet? "

Harry couldn't help laughing, he knew the psychology of these media people too well. What kind of prophet is nothing more than relying on headlines to attract attention. He can think of the specific content with his toes. Don't forget, today is only Tuesday, and the incident just happened yesterday. The article could only be written before the evening shift. Could it be that at this time, the reporter of "Silicon Valley" has interviewed the genius Miss Alice?

Harry thought, this is really underestimating the IQ of the public.