1390 [Start to buy bottoms]
In the afternoon, the Tokyo Index was still falling and the Japanese stock market was in a bleak state.
The news came back to Hong Kong, which also made Hong Kong stock investors even more panic and panic all day long.
News about suicide comes from time to time, some people jump off the building to commit suicide, some people hang themselves, some people turn on gas, and some people swallow sleeping pills...
There was even a housewife who lost too much money because she borrowed usury to invest in stocks. When she was being collected by usury, she was under too much pressure and became mentally ill. She held her son and her daughter jumped off the building together. The originally happy family was destroyed in this way.
As soon as these negative energy news reports came out, Hong Kong society became even more chaotic. The company closed down, factories closed down, employees were unemployed, people were panicked, and the wind was in panic, and there was a tragic scene of the arrival of the doomsday.
Even the Wenhe Group was filled with a low pressure. The employees who were always confident and smiling with a happy face were pale, despair, and looked like a walking corpse.
"Hey, strange, since the Hong Kong government has a plan to rescue the market, why don't it promote it immediately?" Xia Tian asked Liang Botao in confusion.
The reason why Hong Kong stock investors are mentally broken and commit suicide is because they have lost hope. If the Hong Kong government can stand up and announce its own rescue plan at this time, these people are likely not dead.
However, they have not announced it for a long time, but instead adopted an extreme approach such as "market suspension". Not only did they not calm down the people's hearts, but they made Hong Kong even more chaotic. I really don't know what they were thinking.
"Maybe the Hong Kong government thinks the time is not yet." Liang Botao analyzed, "It's just the second day of the stock market crash, and the stock markets around the world are still falling, far from bottoming out.
Now we will announce the rescue plan. If the city cannot be saved, the Hong Kong government’s 50 billion will be wasted. And they will not be able to take out another 50 billion, so I think they should be waiting for the opportunity to see when the stock markets around the world will stabilize."
Xia Tian nodded in understanding.
The Hong Kong government's funds are also limited, not only its limit, but they are not far apart. If the 50 billion Hong Kong dollars cannot save the market, the stock market will be even more chaotic. At that time, the Hong Kong government will not only not win the hearts of the people, but will instead make the people lose their hearts and appear even more incompetent.
Therefore, to be on the safe side, it will wait until the stock market reaches the bottom and then take action to rescue the market when it stabilizes. At that time, it can successfully rescue the market and enjoy the cheers and applause of the people.
In artistic creation, there is a routine called that heroes always appear in the end.
Heroes always fall from the sky at the most critical and critical moments, turning the tide, turning the situation around, defeating the boss, winning applause, and embracing the beauty.
The Hong Kong government undoubtedly wants to be such a hero.
Although before this, many people will lose hope, collapse mentally, and end their lives; many companies will lose money, go bankrupt, and go bankrupt.
But these will not only not shame the Hong Kong government, but will wait for it to save the market, and those survivors will be grateful to the Hong Kong government, thankful and grateful.
So it has been delayed in announcing a rescue plan, which seems incredible, but in fact it is full of routines.
...
At eight o'clock in the evening.
The U.S. stock market is about to begin.
Because today, stock markets around the world are still falling, and people don’t know how the US stock market will develop, so they are all paying great attention.
"I don't know if the US government will announce its rescue plan." Wenhe Group and colleagues from the Investment Department stood in front of the computer and prayed sincerely, hoping that the United States can immediately introduce rescue measures to save them from the fire and water.
"Yesterday, US President Reagan convened Treasury Secretary Baker and Federal Reserve Chairman Greenspan to discuss countermeasures." Liang Botao said, "I wonder what countermeasures they will introduce today?"
"Maybe it is like the Hong Kong government, providing loan assistance to financial and securities institutions to help them overcome difficulties." Xia Tian guessed.
In the past life, when the subprime mortgage crisis broke out, the United States once gave blood transfusions to Wall Street, and was criticized by the public for a while. They believed that it was precisely because of the greed of Wall Street giants that the subprime mortgage crisis was created.
Before the crisis broke out, they had already sucked enough blood and earned everyone's money. After the crisis broke out, not only did they not have to bear any responsibility, but the government also had to use taxpayers' money to help them, which was simply a mess.
"It should be. Yesterday when the stock market fell, many brokerage companies bought back their stocks in the hope of saving the decline. Now they are all tied up, trapped, and very lack of liquidity. If they are not provided with loan assistance, they are likely to go bankrupt, and the economic crisis in 1929 is likely to break out." Liang Botao nodded.
Yesterday at 2:05 p.m. US time, the US Dow Jones stock index soared 350 o'clock in the short term, which means that major brokerage companies are rescuing the market. They spend money to buy back stocks and boost the stock market, hoping to boost the stock market again.
But unfortunately, because the public always lacks confidence and the brokerage company has limited strength, the rise lasted for less than half an hour, and then it took a sharp turn and plummeted by 250 points.
At this moment, all major brokerage companies were trapped and seriously lacked in working capital. If banks suspend loans or even collect debts at this time, none of these brokerage companies could escape and all of them would go bankrupt, and the US stock market would be completely helpless.
Sure enough, just at nine o'clock, when the stock market was about to begin, US Federal Reserve Chairman Greenspan stood up and delivered an important speech, "To fulfill his duties as a central bank, the Federal Reserve System will support the normal operation of the economy and financial system, today it will reiterate that it will ensure the liquidity of the financial system."
The subtext is to support banks to continue to issue loans to major brokerage companies.
After Greenspan's speech was released, two major commercial banks in the United States immediately announced the reduction of preferential interest rates. Chemical banks quickly increased securities loans of $400 million. Bankers Trust also said that they would guarantee customers' financial needs under any circumstances.
US President Reagan and Treasury Secretary Baker also delivered speeches one after another, saying that "this stock market crash is inconsistent with the healthy American economy, and the US economy is very stable." Subsequently, several major commercial banks in the United States announced lowering interest rates to stimulate the stock market.
So much good news has been revealed continuously, which has finally restored some confidence to investors.
Even colleagues from Wenhe Group Investment Department couldn't help cheering after hearing the report.
The US stock market is the indicator of the world's stock market and the barometer. The reason why this stock market crash broke out was because of the turmoil in the US stock market.
If it can stabilize, the stock markets around the world will also stabilize. Therefore, these Hong Kong stock investors who are trapped in the stock market are naturally very happy.
"The US government's rescue strategy is really good, and the time is right." Xia Tian smiled.
Half an hour before the opening, these good news broke out, which not only gave enough time to spread the news, but also did not have enough time for investors to figure it out carefully.
So when the stock market starts, these investors who are dying of good news are likely to follow the trend and sell stocks together to push up the stock market without thinking.
On the contrary, if these news were announced yesterday, after a night of analysis, investors will become much calmer. They may not dance with the government, but will choose the most beneficial way to sell and cash out.
So, there are really talented people everywhere!
"Yes." Liang Botao also smiled and nodded, "Mr. Xia, according to my opinion, the US stock market should stabilize today."
"Yeah." Xia Tian nodded and called Michelle immediately. "As soon as the stock market opens, I will buy back the stocks for me immediately. The focus is on technology stocks, blue chip stocks, and the stocks of Coca-Cola and Columbia companies."
"Yes, boss." Michelle nodded immediately when she heard this.
She now has 30 billion Hong Kong dollars, which is much more than the previous amount of funds. She can not only buy back the stocks she sold before, but also acquire a large number of blue-chip and technology stocks. At that time, once the stock market recovers and the stock price rebounds, she can make a lot of money.
Chapter completed!