Chapter 53 The longest day (7)

Most of the participants with small funds in the market believe that the decline will stop and the U.S. stock market will return to its original state, so they frantically buy stocks at low prices, thereby lowering the cost of holding, so that they can sell during the rebound. profit.

   But in fact, this is just a short-lived flashback. The massive entry of domestic funds in the United States barely pushed the stock market to 2090 points, and the upward momentum was exhausted, and it could no longer support the rebound of the index.

   And when the Dow Jones Index rose back to around 2040 points, Zhong Shi issued another trading order to clear all long orders, and instead held short orders at high levels.

   This is the time when the market is full of enthusiasm, and there is no need to worry about futures contract transactions. Zhong Shi’s 10,000 lots of orders have just been placed, and all transactions are completed in less than a minute.

However, the appearance of such a large long order made the participants in the market thump their hearts and speculate about the intention behind it. However, the Dow Jones Index was still rising at this time, and people just thought about it for a while. Investors accept it as soon as it is good, and they don't care.

   But then three more empty orders of 3,000 lots were dropped, which made the participants pay attention.

   "Could this be a signal that the index is going to change?" Just as everyone was still guessing, the index had already reached 2090 points, and was about to rush towards the psychological mark of 2100.

  2100 points will be an important threshold for the fierce battle between bulls and bears. If it passes through, the trend of the day will be fixed at a position of a slight loss. If it fails to pass, the index will continue to fall, even worse than in the morning.

  The stocks and futures contracts at this price changed hands frequently, and the trading volume also increased rapidly. At this time, the hearts of traders both outside and inside the market were gripped.

   It was around 2:30 p.m. New York time, and everyone knew that a critical moment had come.

   "2094, 2095, 2098..." The bulls are frantically shouting every rising number, while the bears are pale and sweaty.

   Just when the index hit the 2099 mark, a short-selling force appeared out of thin air, selling all kinds of stocks wantonly, the market was instantly flooded with massive sales, and the left side of the trading column on each screen was full of large-scale sell orders.

   And many parties did not show any weakness at all, and put up the number of buying lots one after another. At the price of 2099 for a while, the two sides met shirtless, and the bayonet saw red.

  Trade volume is rising rapidly, large buy orders and sell orders appear frequently, the index flickers before the threshold, and traders are quickly typing trading orders to complete one transaction after another.

  However, after a few minutes of tenacious resistance, the confidence of the multi-party collapsed. Under the strong offensive of the short side, they retreated steadily, and the index fell by dozens of points in an instant.

  Now everyone can see clearly that today's big drop is probably inevitable. Investors who understand it no longer hesitate and start a new round of selling.

  In fact, it’s no wonder that the funds invested in the U.S. capital market from all over the world now have only one idea, which is to withdraw from the United States as soon as possible before the dollar depreciates. It fell so sharply before that even if they wanted to, they could not withdraw at such a price.

   Even then, they were on the bullish side, buying stocks desperately to keep their money from depreciating significantly. It's just that they have a chance to get out when the American local funds are heavily involved.

  RB funds, funds from the Middle East, funds from Europe, and funds from certain dictatorships in Africa are all looking for opportunities to escape. Combined, these funds are enough to compete with domestic funds in the United States.

  The index has fallen all the way, and it has aroused people's panic again. Now no one can support it.

  Everyone's face was filled with sadness. Even those who went in the right direction, most of them didn't know what happened, but they all understood the meaning of the decline.

  Is this country going to end? Is the world economy dying?

  Many people have such a thought in their minds.

  In a nearly frozen atmosphere, the Dow Jones Index mercilessly broke through psychological barriers such as 2000, 1900, and 1800, all the way down.

   Now there is only one last question, will the index fall below 1650, which is the new low just created in the morning?

  Fortunately, at this time, the retreating multi-party regrouped at the 1700 position, and they seemed to realize that they couldn’t continue falling like this, otherwise the stock market crash in 1929 would really repeat itself.

  Confidence is the most important factor in the market.

   At this time, the closing time is approaching, and there is not much time left for bulls and bears.

  The two sides faced off again in front of the 1700 mark. At this time, the trading volume in just over an hour had exceeded the 150 million mark, which was already a normal day's trading volume.

   And the bearish funds seem to have reached a limit.

  As the index regained its footing, the confidence of the market seemed to have recovered, and people began to try to buy stocks. At this time, the stocks of each company were at the same price as cabbage, and there was nothing cheaper than this.

  The continuous inflow of funds, the re-enlargement of trading volume, the end of the short-seller's battle, and the re-invigoration of the bulls, these factors slowly promoted the rise of the Dow.

   "Dangdang", as the closing bell rang, everyone breathed a sigh of relief, and some even fell to the floor, panting heavily.

  In the final contest, the bulls had a certain upper hand, and the index was fixed at 1738 points.

   On this day, the Dow Jones Industrial Average plummeted 508 points, or 22.6%, and fell below more than 25% at one point during the session. On the Chicago Mercantile Exchange, the S&P 500 even fell by 30%.

  In other trading markets, various indexes also kept falling. For example, in Nasdaq, the index fell by 11 points. The stock market value of US$500 billion, which was equivalent to the annual GDP of France at that time, evaporated out of thin air and turned into nothing.

   I don’t know how many people went bankrupt because of this, and lost their whole life’s hard work, and I don’t know how many people got rich overnight because of this, and became enviable objects.

   Bell Stone is undoubtedly a successful one.

  When the index fell to 1800, he ordered Andrew to clear all the empty orders in his hand and firmly hold the profit in his hands.

  At the time of the final settlement, Zhong Shi's account profit exceeded 700 million US dollars, almost reaching the 800 million US dollar mark. Including the funds he originally invested, there are now more than 900 million US dollars in the entire account.

   It's just that these haven't been settled yet, so it's just the wealth on the books.

   As for the money, Zhong Shi had already planned. The stock market crash was just an accidental event. In fact, later generations have proved that the stock market crash did not have a fatal impact on the US economy.

   Stocks like General Electric, Telephone & Telegraph, Coca-Cola, Wal-Mart, Boeing, Microsoft, etc. have gotten ridiculously cheap.

  These companies are big bulls in the future, and their stock prices will rise to an unattainable level. If you don't enter the market at this time, when will you wait?

   But Liao's father and son and Andrew, looking at the numbers on the account, have been completely numb.

  More than 900 million U.S. dollars, converted into Hong Kong dollars, is about 7 billion. This figure is about the same as the annual profit of some large banks. What's even more frightening is that the money is all cash.

   And their owner is the teenager in front of him.

  ...

  After writing down certain stocks to buy, Zhong Shi gave Andrew a few more instructions, and took the Liaos and his sons away from the Far East Financial Center, which had been tossing around for most of the night.

At this time, the financial talents who have just got off work are clearly divided into two different groups. Either they have a mournful face, or they are happy, and they form the same pattern with the calm Zhong Shi and the dull Liao father and son. sharp contrast.

   Until they got into the nanny car, Liao and his son hadn't recovered from the shock.

   "Go to Tseung Kwan O!" Zhong Shi said lightly, then closed his eyes and began to take a nap. Liao's father and son didn't say a word, they stared straight ahead, still thinking about the number just now.

  It wasn't until the car entered the cross-sea tunnel that they realized it. Looking at the flashing lights, Liao Xiaohua wondered, "Where are we going?"

  When the driver in front heard this, he couldn't laugh or cry. Before the Liao and his son didn't respond, he thought it was acquiescence, but now it seems that this is not the case.

   "Go and shut up!" Zhong Shi replied lightly, and stopped talking.

   "Shut up!" Liao Xiaohua was startled, but seeing that Zhong Shi didn't intend to continue, he obediently shut his mouth.

   On a piece of wasteland near the sea in Tseung Kwan O, Land Rover was directing people to move down loads of magazines, piled up to the size of a hill, and he and a few shirtless young men were pouring barrels of gasoline on it. These people all have tattoos on their bodies, and they can tell at a glance that they are not kind.

   After everything was done, a few young people greeted Land Rover and quickly disappeared into the night.

  The RV turned left and right to this place, and saw a mountain of magazines exuding a pungent smell, and Land Rover was sitting on the ground, playing with a zippo lighter.

   "Zhong Sheng, everything is done!" Seeing Zhong Shi get out of the car, Lu Hu stepped forward and said, and at the same time, he did not forget to hand over a brand new magazine.

   "The rich son ordered the bodyguards to commit murder in the street", the curious Liao Xiaohua stretched his head, just in time to see Liao Chengde and himself walking towards the building, the head of Zhong Shi in front of him was blurred.

   Needless to say, this must be a good job done by the entertainment reporter. Liao Xiaohua hastily flipped through several other magazines.

   "This..." Liao Chengde was suddenly furious, pointing at Liao Xiaohua, speechless.

   "Sheng Liao, don't get angry. He has Zhang Liang's plan, and I have a wall ladder. I just spent some money to settle this matter." Zhong Shi waved his hand to stop Liao Chengde's anger. But Liao Xiaohua's face was flushed, and he didn't dare to say a word.

   With a sound of "噗", Zhong Shi threw the lighter in his hand into the air, and it landed on the pile of books accurately. Suddenly, a raging fire was lit, and the fire went straight into the sky, which was very eye-catching in the dark night.

   "Let's go! This time is a lesson for them!" Zhong Shi said with a cold face, and threw the last magazine into the fire. (Special thanks to the book friend ァ恩→hun ヾ for the reward, thank you for your support for this book!)

  (end of this chapter)