Rebirth of the Great Entertainment Empire

Chapter 551: Black Week 1 (Part 1)

Monday, October 19, 1987.

Just as the dawn of this day was about to dawn in the United States, Xu Cun, who was far away in Xiangjiang, put on a special body armor with the help of Zhou Lan, and inserted the two P220 pistols he had used for several years into his waist. Order:

Shek O Manor entered the stage of military control.

All bodyguards (more than 1,000) are fully armed and enter the first-level alert!

No one is allowed to enter or leave the Shek O Manor until I, Xu Cun, personally give the order to remove it - the trespassers will be shot on the spot!

The girls led their children into the main building, were not allowed to leave a step, and were ready to retreat into the safe house at any time!

By the way, Xu Cun also borrowed the 500 PLA ​​troops stationed in Xiangjiang from Duke Deng to help Xu Cun guard the entrance to Shek O Manor.

After arranging all this, Xu Cuncai led the 20 squads of fully-armed bodyguards he personally selected into the operating room of the office building.

(The weapons currently used by Xu Cun's bodyguards are all from the Soviet Union - when they gave Xu Cun gold, the Soviet Union also gave Xu Cun a ship of arms, including a frigate with arms, a brand new equipment with similar equipment. 550 ton displacement mini frigate with array radar and vertical launch system.)

As soon as Xu Cun came up with this posture, Bush Jr. and others knew that Xu Cun judged that the stock market crash was coming.

Seeing Bush Jr. and others, Xu Cun didn't talk nonsense, but said straight to the point: "Everyone, if there are no accidents, the stock market crash will be today, so please cooperate with us so that we can pass today smoothly. !"

None of Bush Jr. and others are ordinary people, so they can all understand why Xu Cun did this—after all, sake is famous, and money and silk are moving!

...

Hong Kong time: 2:30 p.m.

ET: 9:30 a.m. ET.

Wall Street was shrouded in gloom, and the New York Stock Exchange started a new day amid the fast and dull "dang, dang, dang" bell.

At the start of the market, an ominous premonition struck everyone in the tumultuous trading floor—the Dow Jones Industrial Average opened sixty-seven points lower.

In the blink of an eye, selling orders surged - under the pressure of the swarms of selling orders, all the green disks (downwards) were turned up on the screen, and there was no red wave (upward) in sight.

There was panic in the exchange, and the market was in turmoil.

The Dow Jones Industrial Average sank from 9:30 a.m. until 11:00 a.m., and no one knew how to stop the worsening situation.

During this process, although some people proposed to temporarily close the market, no one dared to make this decision - the New York Stock Exchange was concerned about the role of Wall Street as a "wind vane" in the global stock market, and had to stick to it desperately.

Although they are all elites, Bush Jr. and others, including Xu Cun, raised their hearts when they saw the Dow Jones Industrial Average plummeting.

In the entire trading room, the only people who don't feel it may be Tu Weihua and the bodyguards he leads - after all, they have no idea what these flipped green disks represent...

When CME people sold index futures in large numbers, the New York stock market also sold in large numbers, but buyers were extremely scarce - in the first hour of the market, it was difficult to find buyers in the market, accounting for about 500 of the S&P 500. Ninety-five blue-chip stocks out of 30 percent of the benchmark stocks have not yet traded, and due to the accumulation of sell orders and few buy orders, the market price has been forced to drop again and again to attract buyers.

At 10:30, 11 of the 30 Dow Jones Industrial Average benchmark stocks had not opened for trading, and in normal times, usually less than five minutes after the market opened, all of them would start trading— - Because many stocks are not traded, the Dow Jones Industrial Average cannot truly reflect the actual price of the market, and the entire market is in a state of disorder. Trading volumes are constantly being refreshed, computer trading systems are slowing down, and accurate numbers for the Dow Jones Industrial Average and the S&P 500 are simply impossible to calculate.

Due to the mutual drive between the stock market and the futures market, the stock price and the futures index fell faster and faster, and the trading volume soared - from 11:00 to 11:50, the stock market traded 93 million shares, and the futures index trading volume at noon Equivalent to seven million shares, while the stock market is nine million shares.

Large institutions traded heavily on both markets, bringing the disaster to a climax—on a day when the New York Stock Exchange computer system was nearly paralyzed. The New York Stock Exchange has 200 microcomputers, and the system has never handled transactions of this magnitude. When stock trading data floods into computers, computers can barely process them. When the sell orders flood in, the processing speed of the information system lags far behind. Less than an hour after the market opened, the computer was 20 minutes slower than the actual transaction speed due to the large number of selling orders; at noon, the designated order conversion system in the computer system was about 75 minutes slower. Due to the insufficient capacity of the DOT system, 120 million shares of the 396 million shares sent to the DOT system were not executed.

The computer system of the New York Stock Exchange was almost paralyzed, and Xu Cun and others who were far away in the trading room of the office building of Shek O Manor in Xiangjiang were not clear.

but--

It is clear to Xu Cun and others that the Dow Jones Industrial Average is continuously plunging, and they posted it!

Taking the time to glance at Xu Cun, who had successfully anticipated all this, Bush Jr. and other absolute elites of this era all sincerely admire Xu Cun!

To be admired by the absolute elites of this era, such as Bush Jr., can actually be proud, but Xu Cun really doesn't mean to be proud at all.

First of all, it is not his Xu Cun's ability to be able to successfully predict all this, but his better and better memory.

Second, it's not the time to be proud -- it's just the beginning of the stock market crash, and it's not over yet. Moreover, even if the stock market crash is really over, Xu Cun still has a lot of troubles to deal with one by one. If you don't deal with those things well, Xu Cun is too late to worry, how can he be proud?

At 13:09 p.m., a dire piece of news hit Wall Street — SEC Chairman David Luther, speaking in Washington, said: “At a critical moment, although we don’t know when this critical moment will be When, I will discuss with the stock exchange about the temporary closure of the exchange."

This news is even more panic - because once the exchange is closed, if traders don't have time to dump their stocks ~www.wuxiamtl.com~ their stocks will be worthless and thousands of dollars will be reduced to ashes. As a result, they had to "dump stocks" quickly.

It is precisely because of this that the Dow Jones Industrial Average plunged like an obsession.

By two o'clock in the afternoon, the Dow Jones Industrial Average had fallen 250 points, more than 400 million shares had changed hands, and the computer was a hundred minutes behind the actual trading speed.

During this time, SEC officials came forward to clarify that they had not discussed closing the exchange.

However--

Now come forward to clarify, it is too late, the disaster can no longer be contained.

At 14:05 in the afternoon, the Dow rose 350 points and successfully crossed 2000 points.

But the rebound only lasted for a split second.

Around 14:30, the stock price trend seemed to show signs of improvement, and then the rebound was blocked, and a new round of downward trend was formed here.

At this time, there was only more than an hour left before the close, but in this short and long hour, the Dow Jones Industrial Average fell another 250 points in this air that seemed to have frozen. 200 million shares in hand.

It was not until the market closed at 16 o'clock in the afternoon that the diving was forced to stop.

At the close, the Dow Jones Industrial Average dropped 508.32 points, from 2,246.72 points to 1,738.470 points, a drop of 22.6 percent, the highest one-day drop on record. While other stock market indices such as the NYSE Composite fell 19.2 percent, the Composite fell 12.7 percent, and the NASDAQ Composite fell 11.35 percent. The face value of shares worth $503 billion, equivalent to France's annual gross national product, vanished in one day.

...

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