Just when the major European stock markets were in full swing, the New York Stock Exchange, the world's largest and most influential stock market by market capitalization, finally opened under the gaze of global investors.
Although many people already know that the stock market crash is inevitable at this time, they still hold a fluke mood, hoping that the U.S. stock market can turn the tide and support the global stock market.
But the truth makes many people desperate, even the world's largest stock market, the New York Stock Exchange is not immune to the stock market crash that swept the world.
On October 19, at half past nine a.m.
Eastern Time on Monday, the New York Stock Exchange opened as before, but as soon as the market opened, all investors who paid attention to U.S. stocks were desperate to find that U.S. stocks had opened nearly 100 points lower.
The U.S. stocks, which opened low with a gap, did not have a little bit of excitement in the next period of time, but continued to leak 67 points in just a few tens of seconds after the opening.
At this time, the situation of U.S. stocks can only be described as a thousand miles.
"Crash!"
"Stock market crash!
These two words, which almost the vast majority of investors are reluctant to mention, have become the mainstream words of the New York Stock Exchange in an instant, and countless investors and traders have blushed and want to sell their stocks.
In this case, in addition to the shareholders of those large companies, none of the ordinary investors are willing to keep the stocks in their hands, and trying their best to sell the stocks in their hands and reduce losses as much as possible is the most urgent thing to do.
The huge number of selling orders instantly crowded the trading system of the New York Stock Exchange, even if the New York Stock Exchange has more than 200 of the most advanced microcomputers, but under this huge number of selling orders, it is too late to deal with it.
The performance of today's microcomputers is far worse than that of computers with N cores and CPUs and N G of memory 30 years later, and the processing speed of these more than 200 microcomputers combined is not as fast as the processing speed of a computer 30 years later.
It's a miracle that the clunky old computer has become slower than an old ox pulling a cart under the sheer volume of sell trade applications, and it is already a miracle that it can remain down.
However, even if the New York Stock Exchange uses the most advanced microcomputer, it will not be able to save the market from a thousand miles in the current situation where there are only selling orders and no buying orders.
Especially as more and more selling orders appeared, the trading system of the New York Stock Exchange was the first to be unable to hold up.
Less than an hour after the opening of the market, due to the large number of selling, the computer was 20 minutes slower than the actual trading speed; At noon, the Designated Instruction Translation System (DOT) in the computer system was about 75 minutes slower.
Due to the lack of capacity of the DOT system, 1.2 billion of the 39.6 billion shares transferred to the DOT system were not executed.
The weakness of the trading system has undoubtedly made today's U.S. stock market worse.
Then, this panic and the lack of strength of the system caused more selling.
And at this time, the United States, which has always been good at producing brain-disabled people at critical moments, has another strange brain-disabled person.
This brain-dead is David Luther, chairman of the U.S.
Securities and Exchange Commission.
Anyway, at such a sensitive moment, at a critical moment when the US stock market is plummeting and investors urgently need to build confidence to resist the stock market crash, the head of the US Securities and Exchange Commission actually made a speech in Washington at 1:09 p.m. without going through the brain.
"At a critical moment, although we don't know when this critical moment will be, I will be in discussions with the stock exchange to temporarily close the exchange." is such a sentence, which directly made the U.S. stock market, which had already plummeted, feel like it had suffered a 12-magnitude earthquake.
Is the stock market crash scary?
Absolutely horrible!
But it's not the scariest of all.
The most terrible thing is the loss of confidence in investors.
Everyone knows that a stock market crash is just a collective panic among investors at a certain time for various reasons, and then leads to a short-term market crash.
But as long as investors remain confident in the stock market, it will not be very difficult to survive the crash.
But once investors completely lose confidence, then the resulting situation is catastrophic.
Why should investors have confidence in the stock market?
That's from many sources, the first of which is that investors have confidence in the country where the stock market is located!
This is also why, in this era, most of the countries that open stock markets are countries with strong economic capabilities.
You let Somalia open the stock market, you let Zimbabwe open the stock market, who the hell goes to invest in that kind of country!
That's the question of investor confidence.
The fundamental reason why the U.S. stock market is the most powerful stock market in the world is that the U.S. economy and strength are strong, and countless investors have confidence in the U.S.
But now, as a member of the U.S. stock exchange, David Luther should consider closing the stock market at such a sensitive time, which is absolutely a disastrous statement.
Your government itself has no confidence in itself, so why should we investors be asked to have confidence?
In the stock market, closing the stock exchange and stopping trading is simply something even more terrifying than a stock market crash.
In more than ten hours, the Hong Kong Island Stock Exchange will be closed for the first time, and it will be closed for four days.
On the surface, it seems that the market closure can avoid the stock market crash, but in fact it is the most wrong thing to do.
The stock market is a very pure place, and investing in such a place cannot rely on administrative orders, but on economic laws.
There was a stock market crash here, and investors needed to sell their stocks to reduce their losses.
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Those investors who can't sell their stocks don't blow up during the market shutdown?
Originally, there was only a panic of six points, but as a result, your market closure will directly artificially increase this panic to 12 points or even 20 points!
This is also the fundamental reason why the Hong Kong Island stock market plummeted by 33% on the day it opened after a four-day market closure.
Investors' panic was not only not vented during the market shutdown, but accumulated more and more powerful.
This is true for the Hong Kong Island stock exchange market, and the same is true for the New York Stock Exchange!
Therefore, with David Luther's remarks, the U.S. stocks, which had been unable to hold on, immediately seemed to have eaten tons of laxatives, and fell directly by more than 250 points in just 50 minutes, and the entire market was miserable.
On the 58th floor of an office building less than 100 meters from the New York Stock Exchange, Henry Williams and David Anderson were already a little numb, and only Cesar and his eight men were extremely excited.
Two weeks ago, on Monday, Cesar's team closed all their long positions at the boss's strong demands, and then started shorting them backhanded.
At that time, the U.S. stock market was still around 2,650 points.
As a result, two weeks have passed, and now the real-time points displayed on the market are less than 1700 points!
The most important thing is that on this day, the Dow has fallen by nearly 600 points!
Hundreds of accounts scattered in dozens of countries around the world control up to $2 billion in funds to short the US index, and under the effect of margin leverage, this fund is magnified dozens of times.
The most important thing is that these short positions were not created temporarily, but were built half a month ago, and the average point of opening positions exceeded 2600 points.
And now, the market has fallen to 168123 point, and the profit is already an astronomical figure, although not as good as the profit in the European stock market, but it is also extremely impressive.
"Boss, it's been an exciting day!"
Cesar said excitedly.
At this time, he is the leader of a simple trading team, and his nationality and identity are equivalent to nothing for him now.
In his eyes, now there are only points of the stock index and the profit and loss on the books.
Of course, he is currently excited about the profits he earns from hundreds of accounts scattered in dozens of countries around the world.
As a trader, profit is the best compliment.
Henry and David are both out-and-out Americans, although the Dragon Fund has made a lot of profits in this speculation, and even the two of them can reap a lot of dividends, but as an American, they are not very comfortable now.
On the one hand, there are crazy profits, and on the other hand, there are huge losses of countless compatriots, and the two of them don't know what to say now.
Although they are top investment experts, neither of them has experienced such a serious stock market crash.
In particular, a large part of the huge profits they are making now come from their compatriots, which makes them feel the thrill of the huge profits while seeing the tragedy of the stock market crash, and they don't know which side to stand on in their hearts.
After a long time, the two main executives of the Evil Dragon Fund have become numb at this time.
However, the numbness of the two of them does not mean that Yang Jing will make it easy for the two of them.
"David, inform your trading team, wait for my order in a while, and then start announcing the repurchase of shares, so that they are ready and wait for my order."
Hearing Yang Jing's words, Henry and David's eyes lit up.
What does it mean to buy back shares?
Quite simply, buying back shares means that the boss has agreed to start saving the US stock market.
As long as the boss with a lot of money agrees to buy back the shares, no matter which stocks are, it will always bring a certain confidence to the market.
And David also knows very well that he has as much as $8 billion in stock repurchase funds in his hands, even if it is just to buy back the shares of 27 companies, this huge amount of money is enough to make the stock prices of these 27 representative companies recover.
Of the 27 companies, with the exception of emerging companies such as Microsoft and Oracle, most of the others are leaders in their respective industries.
Whether it's Citibank or Coca-Cola, Atapapt, General Motors, General Electric, Texaco, Exxon, Alcoa, Pittsburgh Steel, Union Pacific Railroad, Boeing, IB, Westinghouse, News Corp., Comcast All of these companies are leaders in the industry, covering the most important industries such as banking, transportation, energy, minerals, food, steel, automobiles, and media, and they are all proper large-cap blue-chip stocks.
As long as the stock prices of these companies can recover, it will inevitably drive the recovery of the market, and at the same time, it will also bring great confidence to investors!
What is a bailout?
That's bailout!
It's simple, but it's the most effective!
Of course, it is the boss who is a financial predator with a lot of money in his hands who is qualified to save the market like this!