NOVEL NEXT Easy Tycoon
Chapter 498 Save the market?
Chapter 498 Save the market?
Just when the major stock markets in Europe were all over the place, as the world's largest and most influential stock market, the New York Stock Exchange finally opened under the eyes of global investors.
Although many people already know that the stock market crash is inevitable at this time, they still hold a fluke mood and hope that the U.S. stock market can turn the tide and support the global stock market that has plummeted.
But the facts make many people desperate. Even the largest stock market in the world, the New York Stock Exchange is not immune to the stock market crash that has swept the world.
On October 10th, at 19:09 am Eastern Time on Monday, the New York Stock Exchange opened as before. As a result, as soon as the market opened, all investors who followed the US stocks were desperate to find that the US stocks jumped directly. Opened lower by close to 30 points.
The U.S. stocks that gapped and opened low did not show any momentum to counterattack in the next period of time. Instead, they continued to drop 67 points in just a few tens of seconds after the opening.At this time, the situation of US stocks can only be described as a drastic drop.
"Crash!" and "Stock Crash!" These two words, which almost most investors are reluctant to mention, instantly became the mainstream words of the New York Stock Exchange, and countless investors and traders blushed and asked Sell your stocks.
Under such circumstances, except for the shareholders of large companies, none of the ordinary investors is willing to keep the stocks in their hands. It is the current situation to do everything possible to sell the stocks in their hands and reduce losses as much as possible. The most urgent thing to do.
The huge amount of selling orders instantly overwhelmed the trading system of the New York Stock Exchange. Even though the NYSE has more than 200 most advanced microcomputers, it is too late to deal with this huge amount of selling orders.
The performance of today's microcomputers is far worse than that of computers with N-core CPUs and N G memory 30 years later. The combined processing speed of more than 200 microcomputers is not as good as that of a computer 30 years later. processing speed.
The bulky old-fashioned computer has become slower than an old bullock cart under the huge amount of sales and transaction applications. It is already a miracle that it can keep up without downtime.
But even if the New York Stock Exchange uses the most advanced microcomputers at present, there is no way to save the market in the current situation where there are only selling orders but no buying orders.Especially as more and more selling orders appeared, the trading system of the New York Stock Exchange was the first to fail.
Less than an hour after the market opened, due to the large number of selling orders, the computer was 20 minutes slower than the actual transaction speed; at noon, the designated order conversion system (DOT) in the computer system was about 75 minutes slower.Due to insufficient capacity of the DOT system, 3.96 million shares of the 1.2 million shares transferred to the DOT system were not executed.
The weakness of the trading system undoubtedly made today's U.S. stock market even worse.
Then, this panic and system failure caused more selling.
And at this time, in the United States, which has always been good at producing brain-disabled people in critical moments, another strange brain-disabled person appeared.
This idiot is David Luther, chairman of the US Securities and Exchange Commission.
I don't know if this brain-dead person is really brain-dead or his brain is flooded, or his brain is caught by the door. Anyway, at such a sensitive moment, when the U.S. stock market is plummeting and investors urgently need to build confidence to resist the stock market disaster, this American The top leader of the Securities and Exchange Commission actually delivered a speech without thinking in Washington at 1:09 pm.
"At a critical juncture, although we do not know when that critical juncture will be, I will discuss with the stock exchange a temporary closure of the exchange."
It was just such a sentence, which directly made the US stock market, which had already plummeted, as if it had encountered a magnitude [-] earthquake.
Is the stock market disaster terrible?Absolutely terrible!But not the scariest.The most frightening thing is that investors lose confidence.
Everyone knows that the stock market crash is just a collective panic among investors at a certain time due to various reasons, which then leads to a short-term market crash.But as long as investors still have confidence in the stock market, it is not very difficult to survive the stock market crash.But once investors completely lose confidence, the resulting situation is catastrophic.
Why do investors have confidence in the stock market?It 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 countries with 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 to invest in that kind of country!
This is a question of investor confidence.
The fundamental reason why the U.S. stock market is the most powerful in the world is the strength of the U.S. economy and strength, and countless investors have confidence in the U.S.
But now, as the head of the U.S. stock exchange, David Luther actually wants to consider closing the stock market at such a sensitive time. This is definitely a disastrous statement.
Your government no longer has confidence in itself, so why should we require investors to have confidence?
In the stock market, closing the stock exchange to stop trading is simply more terrifying than a stock market crash.
In more than ten hours, the Hong Kong Island Stock Exchange will be closed for an unprecedented four days.On the surface, it seems that the suspension of the market can avoid the stock market crash, but in fact this is the most wrong approach.The stock market is a very pure place. Investment in this kind of place cannot rely on administrative orders, but depends on economic laws.
The stock market crash broke out here, and investors need to sell their stocks to reduce losses. As a result, your officials said that the market will be closed, so it’s okay?Those investors who couldn't sell their stocks didn't blow up during the market shutdown?
Originally, there was only six points of panic, but as a result, your suspension of the market will directly artificially increase this panic to twelve points or even twenty points!
This is also the fundamental reason why the Hong Kong Island stock market plummeted 33% on the first day of the market opening after a four-day suspension.Investors' panic was not vented during the market suspension period, but accumulated more and more. If you open the market, what's the deal?
The same is true of the Hong Kong Island stock exchange market, and the same is true of the New York Stock Exchange!
Therefore, following David Luther's remarks, the U.S. stock market, which had already been unable to hold on, immediately seemed to have taken tons of laxatives, and fell directly by more than 10 points in just five to ten minutes. The entire market It was appalling.
On the 100th floor of an office building less than 58 meters away from the New York Stock Exchange, Henry Williams and David Anderson are a little numb, only Cesar and his eight subordinates are extremely excited of.
On that Monday two weeks ago, Cesar's team closed all the original long positions at the boss's strong request, and then started shorting backhand.At that time, the U.S. stock market was still around 2650 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 today, the Dow has fallen by nearly [-] points!
Hundreds of accounts scattered in dozens of countries around the world control up to 20 billion US dollars of funds to short the U.S. index. Under the effect of margin leverage, this fund is magnified dozens of times.
The most important thing is that these short positions are not temporarily established, but have been established half a month ago, and the average position of opening positions exceeds 2600 points.
But now, the market once dropped to 1681.23 points, and the profit in this is already an astronomical figure. Although it is not as good as the profit in the European stock market, it is also extremely impressive.
"Boss, today is really an exciting day!" Cesar said excitedly.At this time, he was simply the leader of a trading team, and his nationality and identity were nothing to him now.
In his eyes, now there are only the points of the stock index and the profit and loss on the book.Of course, in the hundreds of accounts currently scattered in dozens of countries around the world, the profits earned have already made him very excited.
As a trader, profit is the best compliment.
Both Henry and David are out-and-out Americans. Although the Dragon Fund has made a lot of profits in this speculation, even the two of them can reap a lot of dividends, but as Americans, they are now Not so good.
With crazy profits on the one hand, and huge losses from countless compatriots on the other, 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 disaster, and at the same time, they are not happy. Knowing which side to stand on is good.
After a long time, the two main executives of the Dragon Fund have become numb at this time.
However, just because they are numb doesn't mean that Yang Jing will let them relax.
"David, inform your trader team, wait for my order after a while, and then start announcing the repurchase of stocks, let them prepare and wait for my order."
Hearing Yang Jing's words, both Henry and David's eyes lit up.What does stock repurchase mean?Quite simply, buying back stock 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 repurchase stocks, no matter what stocks it is, it will always bring a certain degree of confidence to the market.And David is also very clear that he has up to 80 billion US dollars in stock repurchase funds in his hands. Even if it is just to repurchase the stocks of 27 companies, this huge amount of money is enough to make the stock prices of these 27 representative companies Pick up.
Among these 27 companies, most of the other companies are leaders in their respective industries, except for emerging companies such as Microsoft and Oracle.Whether it's Citibank or ****, or Coca-Cola, AT&T, General Motors, General Electric, Texaco, Exxon, Alcoa, Pittsburgh Steel, Union Pacific, Boeing, IBM, Westinghouse , News Corporation, Comcast.
These companies are all leading companies in the industry, covering the most important industries such as banking, transportation, energy, mining, grain, 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 lead to a rebound in the market, and at the same time, it will bring great confidence to investors!
What is a bailout?This is the rescue!Although very simple, but the effect is the most effective!
Of course, the fault is that a financial giant like BOSS with a lot of money is qualified to come to the rescue like this!
(End of this chapter)
Just when the major stock markets in Europe were all over the place, as the world's largest and most influential stock market, the New York Stock Exchange finally opened under the eyes of global investors.
Although many people already know that the stock market crash is inevitable at this time, they still hold a fluke mood and hope that the U.S. stock market can turn the tide and support the global stock market that has plummeted.
But the facts make many people desperate. Even the largest stock market in the world, the New York Stock Exchange is not immune to the stock market crash that has swept the world.
On October 10th, at 19:09 am Eastern Time on Monday, the New York Stock Exchange opened as before. As a result, as soon as the market opened, all investors who followed the US stocks were desperate to find that the US stocks jumped directly. Opened lower by close to 30 points.
The U.S. stocks that gapped and opened low did not show any momentum to counterattack in the next period of time. Instead, they continued to drop 67 points in just a few tens of seconds after the opening.At this time, the situation of US stocks can only be described as a drastic drop.
"Crash!" and "Stock Crash!" These two words, which almost most investors are reluctant to mention, instantly became the mainstream words of the New York Stock Exchange, and countless investors and traders blushed and asked Sell your stocks.
Under such circumstances, except for the shareholders of large companies, none of the ordinary investors is willing to keep the stocks in their hands. It is the current situation to do everything possible to sell the stocks in their hands and reduce losses as much as possible. The most urgent thing to do.
The huge amount of selling orders instantly overwhelmed the trading system of the New York Stock Exchange. Even though the NYSE has more than 200 most advanced microcomputers, it is too late to deal with this huge amount of selling orders.
The performance of today's microcomputers is far worse than that of computers with N-core CPUs and N G memory 30 years later. The combined processing speed of more than 200 microcomputers is not as good as that of a computer 30 years later. processing speed.
The bulky old-fashioned computer has become slower than an old bullock cart under the huge amount of sales and transaction applications. It is already a miracle that it can keep up without downtime.
But even if the New York Stock Exchange uses the most advanced microcomputers at present, there is no way to save the market in the current situation where there are only selling orders but no buying orders.Especially as more and more selling orders appeared, the trading system of the New York Stock Exchange was the first to fail.
Less than an hour after the market opened, due to the large number of selling orders, the computer was 20 minutes slower than the actual transaction speed; at noon, the designated order conversion system (DOT) in the computer system was about 75 minutes slower.Due to insufficient capacity of the DOT system, 3.96 million shares of the 1.2 million shares transferred to the DOT system were not executed.
The weakness of the trading system undoubtedly made today's U.S. stock market even worse.
Then, this panic and system failure caused more selling.
And at this time, in the United States, which has always been good at producing brain-disabled people in critical moments, another strange brain-disabled person appeared.
This idiot is David Luther, chairman of the US Securities and Exchange Commission.
I don't know if this brain-dead person is really brain-dead or his brain is flooded, or his brain is caught by the door. Anyway, at such a sensitive moment, when the U.S. stock market is plummeting and investors urgently need to build confidence to resist the stock market disaster, this American The top leader of the Securities and Exchange Commission actually delivered a speech without thinking in Washington at 1:09 pm.
"At a critical juncture, although we do not know when that critical juncture will be, I will discuss with the stock exchange a temporary closure of the exchange."
It was just such a sentence, which directly made the US stock market, which had already plummeted, as if it had encountered a magnitude [-] earthquake.
Is the stock market disaster terrible?Absolutely terrible!But not the scariest.The most frightening thing is that investors lose confidence.
Everyone knows that the stock market crash is just a collective panic among investors at a certain time due to various reasons, which then leads to a short-term market crash.But as long as investors still have confidence in the stock market, it is not very difficult to survive the stock market crash.But once investors completely lose confidence, the resulting situation is catastrophic.
Why do investors have confidence in the stock market?It 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 countries with 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 to invest in that kind of country!
This is a question of investor confidence.
The fundamental reason why the U.S. stock market is the most powerful in the world is the strength of the U.S. economy and strength, and countless investors have confidence in the U.S.
But now, as the head of the U.S. stock exchange, David Luther actually wants to consider closing the stock market at such a sensitive time. This is definitely a disastrous statement.
Your government no longer has confidence in itself, so why should we require investors to have confidence?
In the stock market, closing the stock exchange to stop trading is simply more terrifying than a stock market crash.
In more than ten hours, the Hong Kong Island Stock Exchange will be closed for an unprecedented four days.On the surface, it seems that the suspension of the market can avoid the stock market crash, but in fact this is the most wrong approach.The stock market is a very pure place. Investment in this kind of place cannot rely on administrative orders, but depends on economic laws.
The stock market crash broke out here, and investors need to sell their stocks to reduce losses. As a result, your officials said that the market will be closed, so it’s okay?Those investors who couldn't sell their stocks didn't blow up during the market shutdown?
Originally, there was only six points of panic, but as a result, your suspension of the market will directly artificially increase this panic to twelve points or even twenty points!
This is also the fundamental reason why the Hong Kong Island stock market plummeted 33% on the first day of the market opening after a four-day suspension.Investors' panic was not vented during the market suspension period, but accumulated more and more. If you open the market, what's the deal?
The same is true of the Hong Kong Island stock exchange market, and the same is true of the New York Stock Exchange!
Therefore, following David Luther's remarks, the U.S. stock market, which had already been unable to hold on, immediately seemed to have taken tons of laxatives, and fell directly by more than 10 points in just five to ten minutes. The entire market It was appalling.
On the 100th floor of an office building less than 58 meters away from the New York Stock Exchange, Henry Williams and David Anderson are a little numb, only Cesar and his eight subordinates are extremely excited of.
On that Monday two weeks ago, Cesar's team closed all the original long positions at the boss's strong request, and then started shorting backhand.At that time, the U.S. stock market was still around 2650 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 today, the Dow has fallen by nearly [-] points!
Hundreds of accounts scattered in dozens of countries around the world control up to 20 billion US dollars of funds to short the U.S. index. Under the effect of margin leverage, this fund is magnified dozens of times.
The most important thing is that these short positions are not temporarily established, but have been established half a month ago, and the average position of opening positions exceeds 2600 points.
But now, the market once dropped to 1681.23 points, and the profit in this is already an astronomical figure. Although it is not as good as the profit in the European stock market, it is also extremely impressive.
"Boss, today is really an exciting day!" Cesar said excitedly.At this time, he was simply the leader of a trading team, and his nationality and identity were nothing to him now.
In his eyes, now there are only the points of the stock index and the profit and loss on the book.Of course, in the hundreds of accounts currently scattered in dozens of countries around the world, the profits earned have already made him very excited.
As a trader, profit is the best compliment.
Both Henry and David are out-and-out Americans. Although the Dragon Fund has made a lot of profits in this speculation, even the two of them can reap a lot of dividends, but as Americans, they are now Not so good.
With crazy profits on the one hand, and huge losses from countless compatriots on the other, 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 disaster, and at the same time, they are not happy. Knowing which side to stand on is good.
After a long time, the two main executives of the Dragon Fund have become numb at this time.
However, just because they are numb doesn't mean that Yang Jing will let them relax.
"David, inform your trader team, wait for my order after a while, and then start announcing the repurchase of stocks, let them prepare and wait for my order."
Hearing Yang Jing's words, both Henry and David's eyes lit up.What does stock repurchase mean?Quite simply, buying back stock 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 repurchase stocks, no matter what stocks it is, it will always bring a certain degree of confidence to the market.And David is also very clear that he has up to 80 billion US dollars in stock repurchase funds in his hands. Even if it is just to repurchase the stocks of 27 companies, this huge amount of money is enough to make the stock prices of these 27 representative companies Pick up.
Among these 27 companies, most of the other companies are leaders in their respective industries, except for emerging companies such as Microsoft and Oracle.Whether it's Citibank or ****, or Coca-Cola, AT&T, General Motors, General Electric, Texaco, Exxon, Alcoa, Pittsburgh Steel, Union Pacific, Boeing, IBM, Westinghouse , News Corporation, Comcast.
These companies are all leading companies in the industry, covering the most important industries such as banking, transportation, energy, mining, grain, 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 lead to a rebound in the market, and at the same time, it will bring great confidence to investors!
What is a bailout?This is the rescue!Although very simple, but the effect is the most effective!
Of course, the fault is that a financial giant like BOSS with a lot of money is qualified to come to the rescue like this!
(End of this chapter)
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