Chapter 498: 498
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As the world's largest stock market with the largest market value and the most influential, the New York Stock Exchange finally opened under the eyes of global investors.
Although many people know that the stock market disaster is inevitable at this time, they still hold a fluke mood and hope that the U.S. stock market can turn the tide and hold the world's plunging stock market.
But the fact makes many people very desperate. Even the largest stock market in the world, the New York Stock Exchange, is not immune from the stock disaster sweeping the world.
At 9:30 a.m. Eastern time on Monday, October 19, the New York Stock Exchange opened as before. As a result, as soon as the market opened, all investors concerned about U.S. stocks were desperate to find that U.S. stocks jumped directly to close to 100 points low.
U.S. stocks that opened low did not have a little bit of excitement and counterattack in the next time, but continued to vent 67 points in just a few tens of seconds after the opening. At this time, we can only describe the situation of US stocks with a rapid decline.
"Crash" and "stock disaster", two words that almost most investors are reluctant to mention, immediately became the mainstream words of the New York Stock Exchange. Countless investors and traders blushed to sell their stocks.
In this case, except for the shareholders of large companies, ordinary investors are no longer willing to keep their shares. The most urgent thing to do is to try their best to sell their shares and reduce losses as much as possible.
Even if the New York Stock Exchange has more than 200 state-of-the-art microcomputers, it is too late to deal with such a huge amount of selling.
The performance of today's microcomputers is much worse than that of 30 years later, which is often N-Core CPU and N G memory. Now the processing speed of these more than 200 microcomputers is not as fast as that of a computer 30 years later.
It's a miracle that the bulky old-fashioned computer has become slower than the old cow to pull the car under the huge number of applications for selling transactions, and can keep it up.
But even if the New York Stock Exchange uses the most advanced microcomputer at present, it can not save the market when there is only selling but no buying. Especially with the emergence of more and more selling orders, the trading system of the New York stock exchange can't hold up first.
Less than an hour after the opening, due to the large number of offers, the computer was 20 minutes slower than the actual trading speed; At noon, the designated instruction conversion system (DOT) in the computer system was about 75 minutes slow. Due to the insufficient capacity of dot system, 120 million shares of 396 million shares transferred to dot system were not executed.
One disaster after another is that the trading system is suck.
Then, this panic and the system suck up, causing more selling.
At this time, the United States, which has always been good at showing brain disabled people in times of crisis, has another wonderful brain disabled people.
This brain cripple is David Luther, chairman of the securities and Exchange Commission.
This brain cripple doesn't know whether it's a real brain cripple or a water brain, or his brain is caught by the door. At such a sensitive moment, when U.S. stocks are falling and investors urgently need to build confidence to resist the stock disaster, the head of the U.S. Securities and Exchange Commission unexpectedly at 1:09 p.m, Made a speech without thinking in Washington.
"At the critical moment, although we don't know when this critical moment will be, I will discuss with the stock exchange to temporarily close the exchange."
It is such a sentence that directly makes the U.S. stocks that have already fallen thousands of miles seem to have suffered a magnitude 12 earthquake.
Is the stock disaster terrible? Absolutely terrible! But it's not the worst. The most terrible thing is that investors lose confidence.
Everyone knows that the stock disaster is just a collective panic of investors at a certain time for various reasons, and then lead to a short-term market collapse. But as long as investors still have confidence in the stock market, it is not very difficult to get through the stock disaster. But once investors completely lose confidence, the situation will be disastrous.
Why do investors have confidence in the stock market? That comes from many aspects. The first point is that investors have confidence in the country where the stock market is located!
This is why in this era, most of the countries that set up stock markets are countries with strong economic capacity. You let Somalia open the stock market, you let Zimbabwe open the stock market, who's the sister to invest in that country!
This is the problem of investor confidence.
The fundamental reason why the U.S. stock market is the most powerful stock market in the world is the strength of the U.S. economy and strength. Countless investors have confidence in the United States.
But now, as the head of the U.S. stock exchange, David Luther should consider closing the stock market at such a sensitive time, which is definitely a disastrous speech.
Your government has no confidence in itself. Why should we ask our investors to have confidence?
In the stock market, closing the stock exchange and stopping trading is even more terrible than the stock disaster.
In more than ten hours, the Hong Kong Island stock exchange will be closed for the first time, and it will be four days. On the surface, it seems that stopping the market can avoid the stock disaster, but in fact, this is the most wrong practice. The stock market is a very pure place. Investment in this kind of place can not rely on administrative orders, but on economic laws.
A stock disaster broke out here. Investors need to sell their stocks to reduce losses. As a result, you officials said that the market would be closed if the market was closed. Is that good? Those investors who can't sell stocks don't blow up during the market shutdown?
Originally, there was only six points of panic. As a result, when you close the market, you will artificially increase this panic to 12 points or even 20 points!
This is also the fundamental reason why the Hong Kong Island stock market plunged 33% on the day of opening after four days of market closure. The panic of investors was not vented during the suspension of the market, but accumulated more and more. How good is it if you open the market?
This is true of the Hong Kong Stock Exchange and the New York Stock Exchange!
Therefore, with David Luther's remarks, the already unsustainable U.S. stocks immediately seemed to have taken tons of laxative and directly fell more than 250 points in just 50 minutes. The whole 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 are numb. Only Cesar and his eight men are extremely excited.
On the Monday two weeks ago, Cesar's team flattened all the long positions at the tough request of the boss, and then began to short with the backhand. At that time, the U.S. stock market was still around 2650 points.
Two weeks later, the real-time points displayed on the market are less than 1700! The most important thing is that today, the Dow has fallen nearly 600 points!
Hundreds of accounts scattered in dozens of countries around the world control up to $2 billion to short the US index, which has been magnified dozens of times under the role of margin leverage.
Most importantly, these short positions were not established temporarily, but had been built as early as half a month ago, with an average of more than 2600 positions.
Now, the market once fell to 1681.23, and the profit is astronomical. Although it is not as good as the profit in the European stock market, it is also very considerable.
"Boss, today is an exciting day!" Cesar said excitedly. At this time, he is the leader of a simple trading team. His nationality is equivalent to nothing for him now.
In his eyes, there are only the points of the stock index and the profits and losses on the book. Of course, at present, he has become very excited about the profits made in hundreds of accounts scattered in dozens of countries around the world.
As a trader, profit is the best reward.
Henry and David are all Americans. Although the Dragon Fund has made a lot of profits in this speculation, and they can also reap a lot of dividends, as an American, they don't feel very well now.
One side is crazy profits and the other is huge losses of countless compatriots. They don't know what to say now.
Although they are top investment experts, neither of them has experienced such a serious stock disaster. In particular, a large part of the huge profits they earn now come from their compatriots, which makes them feel the pleasure of huge profits while seeing the tragedy of the stock disaster. At the same time, they don't know which side to stand on.
For a long time, the main executives of the two dragon funds have been numb at this time.
However, their numbness does not mean that Yang Jing will make them relaxed.
"David, tell your trading team to wait for my order in a while, and then start announcing the repurchase of shares, so that they can be 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 stocks, no matter those stocks, it will always bring some confidence to the market. Moreover, David also knows that he has up to $8 billion in stock repurchase funds in his hand. Even if he only buys back the shares of 27 companies, this huge amount of funds is enough to warm up the stock prices of these 27 representative companies.
Among the 27 companies, except for emerging companies such as Microsoft and Oracle, most of the others are leaders in their respective industries. Whether Citibank or * * * *, or Coca Cola, ATT, general motors, general electric, Texaco, Exxon oil, Alcoa, Pittsburgh steel, United Pacific Railway, Boeing, IBM, Westinghouse, News Corporation, Comcast
These companies are all industry leaders, covering the most important industries such as banking, transportation, energy, mining, grain, steel, automobile and media. They are all proper large-scale blue chips.
As long as the share prices of these companies can pick up, it will inevitably drive the recovery of the market and bring great confidence to investors!
What is rescue? This is the rescue! Although it is very simple, the effect is the most effective!
Of course, it's not the boss who holds a lot of money that is qualified to rescue the market in this way!
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As the world's largest stock market with the largest market value and the most influential, the New York Stock Exchange finally opened under the eyes of global investors.
Although many people know that the stock market disaster is inevitable at this time, they still hold a fluke mood and hope that the U.S. stock market can turn the tide and hold the world's plunging stock market.
But the fact makes many people very desperate. Even the largest stock market in the world, the New York Stock Exchange, is not immune from the stock disaster sweeping the world.
At 9:30 a.m. Eastern time on Monday, October 19, the New York Stock Exchange opened as before. As a result, as soon as the market opened, all investors concerned about U.S. stocks were desperate to find that U.S. stocks jumped directly to close to 100 points low.
U.S. stocks that opened low did not have a little bit of excitement and counterattack in the next time, but continued to vent 67 points in just a few tens of seconds after the opening. At this time, we can only describe the situation of US stocks with a rapid decline.
"Crash" and "stock disaster", two words that almost most investors are reluctant to mention, immediately became the mainstream words of the New York Stock Exchange. Countless investors and traders blushed to sell their stocks.
In this case, except for the shareholders of large companies, ordinary investors are no longer willing to keep their shares. The most urgent thing to do is to try their best to sell their shares and reduce losses as much as possible.
Even if the New York Stock Exchange has more than 200 state-of-the-art microcomputers, it is too late to deal with such a huge amount of selling.
The performance of today's microcomputers is much worse than that of 30 years later, which is often N-Core CPU and N G memory. Now the processing speed of these more than 200 microcomputers is not as fast as that of a computer 30 years later.
It's a miracle that the bulky old-fashioned computer has become slower than the old cow to pull the car under the huge number of applications for selling transactions, and can keep it up.
But even if the New York Stock Exchange uses the most advanced microcomputer at present, it can not save the market when there is only selling but no buying. Especially with the emergence of more and more selling orders, the trading system of the New York stock exchange can't hold up first.
Less than an hour after the opening, due to the large number of offers, the computer was 20 minutes slower than the actual trading speed; At noon, the designated instruction conversion system (DOT) in the computer system was about 75 minutes slow. Due to the insufficient capacity of dot system, 120 million shares of 396 million shares transferred to dot system were not executed.
One disaster after another is that the trading system is suck.
Then, this panic and the system suck up, causing more selling.
At this time, the United States, which has always been good at showing brain disabled people in times of crisis, has another wonderful brain disabled people.
This brain cripple is David Luther, chairman of the securities and Exchange Commission.
This brain cripple doesn't know whether it's a real brain cripple or a water brain, or his brain is caught by the door. At such a sensitive moment, when U.S. stocks are falling and investors urgently need to build confidence to resist the stock disaster, the head of the U.S. Securities and Exchange Commission unexpectedly at 1:09 p.m, Made a speech without thinking in Washington.
"At the critical moment, although we don't know when this critical moment will be, I will discuss with the stock exchange to temporarily close the exchange."
It is such a sentence that directly makes the U.S. stocks that have already fallen thousands of miles seem to have suffered a magnitude 12 earthquake.
Is the stock disaster terrible? Absolutely terrible! But it's not the worst. The most terrible thing is that investors lose confidence.
Everyone knows that the stock disaster is just a collective panic of investors at a certain time for various reasons, and then lead to a short-term market collapse. But as long as investors still have confidence in the stock market, it is not very difficult to get through the stock disaster. But once investors completely lose confidence, the situation will be disastrous.
Why do investors have confidence in the stock market? That comes from many aspects. The first point is that investors have confidence in the country where the stock market is located!
This is why in this era, most of the countries that set up stock markets are countries with strong economic capacity. You let Somalia open the stock market, you let Zimbabwe open the stock market, who's the sister to invest in that country!
This is the problem of investor confidence.
The fundamental reason why the U.S. stock market is the most powerful stock market in the world is the strength of the U.S. economy and strength. Countless investors have confidence in the United States.
But now, as the head of the U.S. stock exchange, David Luther should consider closing the stock market at such a sensitive time, which is definitely a disastrous speech.
Your government has no confidence in itself. Why should we ask our investors to have confidence?
In the stock market, closing the stock exchange and stopping trading is even more terrible than the stock disaster.
In more than ten hours, the Hong Kong Island stock exchange will be closed for the first time, and it will be four days. On the surface, it seems that stopping the market can avoid the stock disaster, but in fact, this is the most wrong practice. The stock market is a very pure place. Investment in this kind of place can not rely on administrative orders, but on economic laws.
A stock disaster broke out here. Investors need to sell their stocks to reduce losses. As a result, you officials said that the market would be closed if the market was closed. Is that good? Those investors who can't sell stocks don't blow up during the market shutdown?
Originally, there was only six points of panic. As a result, when you close the market, you will artificially increase this panic to 12 points or even 20 points!
This is also the fundamental reason why the Hong Kong Island stock market plunged 33% on the day of opening after four days of market closure. The panic of investors was not vented during the suspension of the market, but accumulated more and more. How good is it if you open the market?
This is true of the Hong Kong Stock Exchange and the New York Stock Exchange!
Therefore, with David Luther's remarks, the already unsustainable U.S. stocks immediately seemed to have taken tons of laxative and directly fell more than 250 points in just 50 minutes. The whole 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 are numb. Only Cesar and his eight men are extremely excited.
On the Monday two weeks ago, Cesar's team flattened all the long positions at the tough request of the boss, and then began to short with the backhand. At that time, the U.S. stock market was still around 2650 points.
Two weeks later, the real-time points displayed on the market are less than 1700! The most important thing is that today, the Dow has fallen nearly 600 points!
Hundreds of accounts scattered in dozens of countries around the world control up to $2 billion to short the US index, which has been magnified dozens of times under the role of margin leverage.
Most importantly, these short positions were not established temporarily, but had been built as early as half a month ago, with an average of more than 2600 positions.
Now, the market once fell to 1681.23, and the profit is astronomical. Although it is not as good as the profit in the European stock market, it is also very considerable.
"Boss, today is an exciting day!" Cesar said excitedly. At this time, he is the leader of a simple trading team. His nationality is equivalent to nothing for him now.
In his eyes, there are only the points of the stock index and the profits and losses on the book. Of course, at present, he has become very excited about the profits made in hundreds of accounts scattered in dozens of countries around the world.
As a trader, profit is the best reward.
Henry and David are all Americans. Although the Dragon Fund has made a lot of profits in this speculation, and they can also reap a lot of dividends, as an American, they don't feel very well now.
One side is crazy profits and the other is huge losses of countless compatriots. They don't know what to say now.
Although they are top investment experts, neither of them has experienced such a serious stock disaster. In particular, a large part of the huge profits they earn now come from their compatriots, which makes them feel the pleasure of huge profits while seeing the tragedy of the stock disaster. At the same time, they don't know which side to stand on.
For a long time, the main executives of the two dragon funds have been numb at this time.
However, their numbness does not mean that Yang Jing will make them relaxed.
"David, tell your trading team to wait for my order in a while, and then start announcing the repurchase of shares, so that they can be 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 stocks, no matter those stocks, it will always bring some confidence to the market. Moreover, David also knows that he has up to $8 billion in stock repurchase funds in his hand. Even if he only buys back the shares of 27 companies, this huge amount of funds is enough to warm up the stock prices of these 27 representative companies.
Among the 27 companies, except for emerging companies such as Microsoft and Oracle, most of the others are leaders in their respective industries. Whether Citibank or * * * *, or Coca Cola, ATT, general motors, general electric, Texaco, Exxon oil, Alcoa, Pittsburgh steel, United Pacific Railway, Boeing, IBM, Westinghouse, News Corporation, Comcast
These companies are all industry leaders, covering the most important industries such as banking, transportation, energy, mining, grain, steel, automobile and media. They are all proper large-scale blue chips.
As long as the share prices of these companies can pick up, it will inevitably drive the recovery of the market and bring great confidence to investors!
What is rescue? This is the rescue! Although it is very simple, the effect is the most effective!
Of course, it's not the boss who holds a lot of money that is qualified to rescue the market in this way!
As the world's largest stock market with the largest market value and the most influential, the New York Stock Exchange finally opened under the eyes of global investors.Although many people know that the stock market disaster is inevitable at this time, they still hold a fluke mood and hope that the U.S. stock market can turn the tide and hold the world's plunging stock market.But the fact makes many people very desperate. Even the largest stock market in the world, the New York Stock Exchange, is not immune from the stock disaster sweeping the world.At 9:30 a.m. Eastern time on Monday, October 19, the New York Stock Exchange opened as before. As a result, as soon as the market opened, all investors concerned about U.S. stocks were desperate to find that U.S. stocks jumped directly to close to 100 points low.U.S. stocks that opened low did not have a little bit of excitement and counterattack in the next time, but continued to vent 67 points in just a few tens of seconds after the opening. At this time, we can only describe the situation of US stocks with a rapid decline."Crash" and "stock disaster", two words that almost most investors are reluctant to mention, immediately became the mainstream words of the New York Stock Exchange. Countless investors and traders blushed to sell their stocks.In this case, except for the shareholders of large companies, ordinary investors are no longer willing to keep their shares. The most urgent thing to do is to try their best to sell their shares and reduce losses as much as possible.Even if the New York Stock Exchange has more than 200 state-of-the-art microcomputers, it is too late to deal with such a huge amount of selling.The performance of today's microcomputers is much worse than that of 30 years later, which is often N-Core CPU and N G memory. Now the processing speed of these more than 200 microcomputers is not as fast as that of a computer 30 years later.It's a miracle that the bulky old-fashioned computer has become slower than the old cow to pull the car under the huge number of applications for selling transactions, and can keep it up.But even if the New York Stock Exchange uses the most advanced microcomputer at present, it can not save the market when there is only selling but no buying. Especially with the emergence of more and more selling orders, the trading system of the New York stock exchange can't hold up first.Less than an hour after the opening, due to the large number of offers, the computer was 20 minutes slower than the actual trading speed; At noon, the designated instruction conversion system DOT in the computer system was about 75 minutes slow. Due to the insufficient capacity of dot system, 120 million shares of 396 million shares transferred to dot system were not executed.One disaster after another is that the trading system is suck.Then, this panic and the system suck up, causing more selling.At this time, the United States, which has always been good at showing brain disabled people in times of crisis, has another wonderful brain disabled people.This brain cripple is David Luther, chairman of the securities and Exchange Commission.This brain cripple doesn't know whether it's a real brain cripple or a water brain, or his brain is caught by the door. At such a sensitive moment, when U.S. stocks are falling and investors urgently need to build confidence to resist the stock disaster, the head of the U.S. Securities and Exchange Commission unexpectedly at 1:09 p.m, Made a speech without thinking in Washington."At the critical moment, although we don't know when this critical moment will be, I will discuss with the stock exchange to temporarily close the exchange."It is such a sentence that directly makes the U.S. stocks that have already fallen thousands of miles seem to have suffered a magnitude 12 earthquake.Is the stock disaster terrible? Absolutely terrible! But it's not the worst. The most terrible thing is that investors lose confidence.Everyone knows that the stock disaster is just a collective panic of investors at a certain time for various reasons, and then lead to a short-term market collapse. But as long as investors still have confidence in the stock market, it is not very difficult to get through the stock disaster. But once investors completely lose confidence, the situation will be disastrous.Why do investors have confidence in the stock market? That comes from many aspects. The first point is that investors have confidence in the country where the stock market is located!This is why in this era, most of the countries that set up stock markets are countries with strong economic capacity. You let Somalia open the stock market, you let Zimbabwe open the stock market, who's the sister to invest in that country!This is the problem of investor confidence.The fundamental reason why the U.S. stock market is the most powerful stock market in the world is the strength of the U.S. economy and strength. Countless investors have confidence in the United States.But now, as the head of the U.S. stock exchange, David Luther should consider closing the stock market at such a sensitive time, which is definitely a disastrous speech.Your government has no confidence in itself. Why should we ask our investors to have confidence?In the stock market, closing the stock exchange and stopping trading is even more terrible than the stock disaster.In more than ten hours, the Hong Kong Island stock exchange will be closed for the first time, and it will be four days. On the surface, it seems that stopping the market can avoid the stock disaster, but in fact, this is the most wrong practice. The stock market is a very pure place. Investment in this kind of place can not rely on administrative orders, but on economic laws.A stock disaster broke out here. Investors need to sell their stocks to reduce losses. As a result, you officials said that the market would be closed if the market was closed. Is that good? Those investors who can't sell stocks don't blow up during the market shutdown?Originally, there was only six points of panic. As a result, when you close the market, you will artificially increase this panic to 12 points or even 20 points!This is also the fundamental reason why the Hong Kong Island stock market plunged 33% on the day of opening after four days of market closure. The panic of investors was not vented during the suspension of the market, but accumulated more and more. How good is it if you open the market?This is true of the Hong Kong Stock Exchange and the New York Stock Exchange!Therefore, with David Luther's remarks, the already unsustainable U.S. stocks immediately seemed to have taken tons of laxative and directly fell more than 250 points in just 50 minutes. The whole 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 are numb. Only Cesar and his eight men are extremely excited.On the Monday two weeks ago, Cesar's team flattened all the long positions at the tough request of the boss, and then began to short with the backhand. At that time, the U.S. stock market was still around 2650 points.Two weeks later, the real-time points displayed on the market are less than 1700! The most important thing is that today, the Dow has fallen nearly 600 points!Hundreds of accounts scattered in dozens of countries around the world control up to $2 billion to short the US index, which has been magnified dozens of times under the role of margin leverage.Most importantly, these short positions were not established temporarily, but had been built as early as half a month ago, with an average of more than 2600 positions.Now, the market once fell to 1681.23, and the profit is astronomical. Although it is not as good as the profit in the European stock market, it is also very considerable."Boss, today is an exciting day!" Cesar said excitedly. At this time, he is the leader of a simple trading team. His nationality is equivalent to nothing for him now.In his eyes, there are only the points of the stock index and the profits and losses on the book. Of course, at present, he has become very excited about the profits made in hundreds of accounts scattered in dozens of countries around the world.As a trader, profit is the best reward.Henry and David are all Americans. Although the Dragon Fund has made a lot of profits in this speculation, and they can also reap a lot of dividends, as an American, they don't feel very well now.One side is crazy profits and the other is huge losses of countless compatriots. They don't know what to say now.Although they are top investment experts, neither of them has experienced such a serious stock disaster. In particular, a large part of the huge profits they earn now come from their compatriots, which makes them feel the pleasure of huge profits while seeing the tragedy of the stock disaster. At the same time, they don't know which side to stand on.For a long time, the main executives of the two dragon funds have been numb at this time.However, their numbness does not mean that Yang Jing will make them relaxed."David, tell your trading team to wait for my order in a while, and then start announcing the repurchase of shares, so that they can be 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 stocks, no matter those stocks, it will always bring some confidence to the market. Moreover, David also knows that he has up to $8 billion in stock repurchase funds in his hand. Even if he only buys back the shares of 27 companies, this huge amount of funds is enough to warm up the stock prices of these 27 representative companies.Among the 27 companies, except for emerging companies such as Microsoft and Oracle, most of the others are leaders in their respective industries. Whether Citibank or * * * *, or Coca Cola, ATT, general motors, general electric, Texaco, Exxon oil, Alcoa, Pittsburgh steel, United Pacific Railway, Boeing, IBM, Westinghouse, News Corporation, ComcastThese companies are all industry leaders, covering the most important industries such as banking, transportation, energy, mining, grain, steel, automobile and media. They are all proper large-scale blue chips.As long as the share prices of these companies can pick up, it will inevitably drive the recovery of the market and bring great confidence to investors!What is rescue? This is the rescue! Although it is very simple, the effect is the most effective!Of course, it's not the boss who holds a lot of money that is qualified to rescue the market in this way!
