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Chapter Three Hundred and Twenty Seven, Nightmare Day

Jordan will never forget today.

As it turned out, due to the subsequent impact of a one-hundred-point decline on Friday, when global stock markets opened again on Monday, the Asia-Pacific stock markets fell terriblely.

As of the close, Hong Kong stocks fell 42o points throughout the day, and the Hang Seng Index fell 10% sharply. The futures index fell by 3o points in each month. Just in the morning of the second day of the East Eighth District, the Hong Kong Stock Exchange announced that they would suspend the stock market and futures market for four days from January 2o to January 23 to clear up a large number of unfinished settlements.

Although Sydney opened smoothly, it did not escape the catastrophe in the end. The price index of all common stocks fell by about 80 points. The opening gong of the Tokyo Stock Exchange was not over yet, and the stock price fell sharply. The Nikkei 225 index fell by 620 points, a drop of as much as 149.

Furthermore, as the rising sun continues to rise everywhere in the horizon, losses from the east also flow into the western hemisphere. Stock markets such as Paris, Frankfurt, Stockholm, Milan, and Amsterdam all fell to varying degrees, forming stock market shock waves around the world. When this wave finally surged to New York, many financial media didn't even have time to make detailed reports. When many people ushered in the opening, they didn't even know what happened in the past twelve hours and the impact they would have on the US stock market.

Jordan was extremely glad that he sold all his personal stocks before eleven o'clock.

First, since many stocks were not traded after the opening, the Dow Jones Industrial Average could not truly reflect the actual market price, and the entire market was in a disorderly state. Trading volume was constantly refreshed, computer trading system slowed down, and the accurate numbers of Dow Jones and S&P 5oo could not be calculated at all. It could only be driven by the mutual driving of the stock market and the futures market, allowing the stock price and futures index to fall faster and faster, while trading volume was still increasing.

According to the data obtained later, from 11:00 to 11:00,000 shares in the stock market alone, the trading volume of stock indexes was as high as 930,000 shares, while the trading volume of futures at noon was equivalent to 70,000 shares, and the stock market was 90,000 shares. Countless large institutions traded in large quantities in two markets, pushing the disaster to the peak. The computer system of the New York Stock Exchange fell into a state of paralysis on this day.

There are so many. Although the exchanges are equipped with 200 computers, their systems have never processed such huge transactions. When stock trading data pours into the computer, they are almost impossible to process, and when selling orders flock, the processing of information systems is far behind!

At noon, the broadcast of the bank's high-rise buildings came again at noon. According to the "reliable information" they mentioned, as of noon, the designated command conversion system in the New York Stock Exchange computer system had been delayed by 75 minutes. Moreover, because of the insufficient system capacity, 1.2 billion shares of the 39.6 billion shares transmitted to it that day were not executed!

The terrible situation certainly attracted the attention of the government, so at 1:00 pm, Jordan was not surprised at all when the SEC issued an announcement that it might close the exchange. Those bureaucrats, no matter when the actual actions will be implemented, no matter what the situation will occur after the implementation, must do such things, otherwise they will definitely be demoted and criticized for doing things inappropriately.

In fact, Jordan later recalled that this was just a rumor. At least when everyone in the Rothschild Bank learned about it, it was notified by the bastards from the New York Herald. Is it true or false? Jordan didn't have the energy to confirm it, but this news obviously came out from some channels, and he thought that many places were flooding.

So, because of their announcement, the entire stock market suddenly fell into a worse situation!

You should know that once the exchange is closed, traders will not be able to sell their stocks in the future. Their stocks will be worthless and thousands of dollars will be turned into ashes. Therefore, they will have to quickly "dump stocks", which will bring an infinite burden to the almost crashed exchange computer!

Since that damn announcement, the Jones Industrial Average has been slumped like a magical one. By 2:00 pm, the stock exchange was as high as more than 400 million shares, and the computer was 100 minutes behind the actual trading level. Such a high trading volume, such an astonishing decline, and the damn computer's increasingly delayed delay, the subsequent results are even more predictable.

And at this moment, the SEC appeared again to clarify, saying that they did not discuss the closure of the exchange.

A group of horses hindsights!

Jordan clearly remembers that when the news about the wall-mounted TV in the office finished the content, the colleagues around him looked like they were all cursing, they were throwing cups hard, or cursing the official with the most vicious words that approached the limits of human imagination.

Because it's too late.

For the stock market, every minute is extremely important, let alone an entire hour?

Of course, there is still a slight rebound, after all, the official denied that statement. At 14:05, the Dow Jones Industrial Average rose 35o points and successfully rushed past 2ooo points. When colleagues saw this gratifying situation, they immediately called countless customers in the bank, all of whom were persuading them to buy the stocks back quickly. After all, for this group of traders, the commission for each order could be bought with a high-end suit or even a Rolex watch!

But the disaster could no longer be curbed. The rebound lasted for only a moment, and the futures market reflected basically the same. When Jordan and Jimmy saw subsequent changes, they didn't know whether they should be grateful for not acting rashly or for not changing their short positions back to full positions, or for the stock market that has become more distressed.

Just before 14:30, the stock price trend seemed to show signs of good progress, but the rebound was immediately severely hindered, and a new round of downward trend was formed here. At this time, there was only more than an hour left before the closing, but in this short and long hour, in this seemingly solidified air, the Dow Jones Industrial Average fell by 25o points again, with a turnover of up to 200 million shares. It was not until the market closed at 16:00 p.m. that the diving was forced to stop.

No, Jordan thought, it's all over the market, but it won't end the dive?

On that day, the Dow Jones fell by 5o832 points, from point to point, with a drop of 226, setting a record for a single-day decline since 1941. The total face value of 5o30 billion US dollars of stocks, equivalent to France's annual GDP, disappeared in one day. On that day, only 52 of the 16oo stocks listed on the New York Stock Exchange rose, and the rest fell, and 1,192 of the stocks fell to their lowest level in 52 weeks.

Even many representative blue-chip stocks are doomed. General Electric fell 331, Telephone Company fell 295, Coca-Cola fell 365, Westinghouse fell 458, Express Company fell 388, and Boeing fell 299. When the 2O day arrived, the New York Times even listed a list of celebrity investors with heavy losses.

First, World Rich, Walmart founder Sam Walton lost $2.1 billion in stock on this day, while Microsoft's young founder and chairman, billionaire Bill Gates, lost $394.5 billion, and computer king Wang An lost $310,000 in the afternoon of the 19th alone. Millionaire became poor overnight, but the most painful ones are those retail investors who rely on their years of accumulated blood and sweat to invest in stocks.

"God..."

On the afternoon of January 20, in a very ordinary high-rise apartment in Queens, New York, Harlipness lay on his back on his back and sighed sincerely.

"Why am I so obedient and withdrawing all my money a week in advance?"

At this time, he was looking at newspapers and various newspapers through the desk lamp on the edge of the bed. From the Wall Street Journal to the New York Times, from the New York Herald to the Washington Post, and even the Los Angeles Daily and Seattle Daily that traveled thousands of miles to high prices. There is no doubt that every newspaper uses financial news as the cover of the day, all of which report and evaluate the horrible situation yesterday.

"However, Microsoft's stock has really fallen a lot. Although the company's total market value is not the same as the value at hand..."

Muttering like this, Harry opened the Silicon Valley Weekly that was also delivered from West Coast Post.

This was what he received ten minutes ago.

This weekly magazine was printed just in the early morning of Tuesday, so it just records what happened to be a whole day yesterday. After nearly ten hours of travel, it happened to be delivered to Harry on the East Coast.

The cover is the same as Harry expected, and it is a tragic scene of the Nasdaq Exchange. I don’t know how many Silicon Valley companies are listed here. Now, this big storm that swept the world has not let it go at all.

However, the content that attracted him the most was not the popular numbers on the cover, but the three letters that highlighted their existence in bold fonts and their titles.

Lucky Cisco Po, King Alice's Prophet?

Harry laughed in silence. He knew the psychology of these media people too well. What is the predecessor? It’s just a title party to attract attention. He can think of specific content with his toes. Don’t forget that today is Tuesday, and the incident was just born yesterday. The article can only be written before the evening shift. Could it be that at this time, Silicon Valley reporters interviewed the genius Miss Alice?

Harry thought, this really underestimates the public's IQ. It will not be continued.
Chapter completed!
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