Rebirth of the Capital Legend

Chapter 24 Collapse of Bull Market Faith!

The index decline expanded to 8%.

The last half hour of trading time has become meaningless.

Because there are more than 2700 stocks in the market, there are not many stocks that have not fallen below the limit, and there are not many funds willing to undertake the purchase at this time.

This half hour is for the vast number of investors who have been stuck on the lower limit and unable to trade.

That is a kind of torture like torture.

"Not yet... not yet." Lin Xiaoxiao whispered back.

The two cities finally ushered in the closing time at 3 pm.

I understand what destruction of wealth means and what danger the stock market means.

Even in the large account room of the brokerage business department where Su Yi worked, there were several large accounts who were forced to replenish the margin of their financing accounts at this moment.

It directly shattered everyone’s wonderful dream of wealth, and also directly shattered everyone’s belief in the bull market that they always held on to.

It’s just that this new historical record is extremely dark and cruel.

Su Yi looked along the wide street. Even the Shanghai Stock Exchange, which was vaguely visible in the distance, was shrouded in thick clouds.

As the market hours continue to roll...

Investors who use over-the-counter leverage and on-site financing for aggressive transactions have fully experienced the ferocity and cruelty of the financial market.

After all, such a violent and extreme plummeting trend.

At this moment, the 30 contracts he holds are short, and the floating profit has reached more than 680 million.

While everyone in the trading room was waiting in agony, investors across the entire network were also losing their belief in the bull market.

Su Yi still has no intention of closing his position and taking profits, because he knows that the bulls' stampede is far from over. Regardless of whether there is a good weekend after today's closing, the market should have an inertia to open lower next Monday to release the negative news today. Completely unleashed panic selling.

In the trading room, many large investors have never experienced such a scene where the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index, and ChiNext Index almost all fell to the limit.

Today, the entire Shanghai Financial City and all investors in the domestic financial market have experienced a downpour.

"Has it been rained before?" Lin Xiaoxiao was stunned.

Only now did I understand the meaning of Su Yi's words.

Lin Xiaoxiao stared blankly as Su Yi's back gradually disappeared, and then looked back to see today's stock market conditions displayed on the huge screen in the sales department lobby.

Not only has he not experienced it.

After the market closed, Su Yi walked out of the trading room of the securities firm's sales department. He saw the huge financial street outside, which looked much bleaker and more desolate than usual.

It's just that this kind of torture does not come from physical pain, but from inner suffering.

"Mr. Su, with this weather, it's going to rain heavily soon." Seeing that Su Yi didn't bring an umbrella, his stockbroker Lin Xiaoxiao hurriedly found him an umbrella in the lobby of the sales department and muttered in a low voice. , "Why does the weather in the Magic City always change? It was clear that there was sunshine more than ten minutes ago."

"Fortunately, I was short two lots of stock index futures." When everyone looked heavy and the bull market belief in their hearts began to collapse, Mr. Deng looked at his stock trading account that was already full and had dropped to the limit, as well as the stock index futures trading that had made a profit of more than 10. Account, couldn't help but feel a little lucky, "I really didn't expect that the market would collapse like this, with nearly 2000 stocks falling to the limit. This should be regarded as making history."

Thick clouds gathered above countless high-rise buildings in Financial Street, completely blocking the sun.

And the number of red stocks in the entire market, including new stocks listed, is less than 20.

When the manager heard this, he glared at her again: "Why don't you tell her quickly? Where do you think the sales department is? If you are good-looking, you don't have to work? If your performance is at the bottom this month, you will write it yourself next month Resignation report!”

But in his memory, even during the most brutal bear market in 08, the entire market had never seen such an extreme trend as today, where almost all stocks lost liquidity and nearly 2000 stocks fell to their limit.

Today, A-shares have indeed created new history.

It is difficult not to liquidate many on-site financing and fund-raising orders with higher position risks.

Yes, the heavy rain has already fallen.

At the same time, it also took away the wealth from countless people.

There is no sunshine outside today, only gloomy black clouds.

It has also attracted many novice investors who have entered this bull market.

"Lin Xiaoxiao, why are you standing here?" Just as she was staring at the frozen stock market prices, the manager's fierce eyes and stern tone instantly woke her up, "Among the financing customers you are responsible for? Today, the financing accounts of five customers have hit the forced liquidation warning line. Have you called them all to notify them? Have you reminded them to replenish their margin?"

After the market closes.

All investors involved in A-share trading stared blankly at the frozen market, feeling as if they had experienced a nightmare.

浜屽叚Banduo笁:cbanduo簩锲:cbanzuo浂a:c锲涗竴涓::涓夐浵

In the end, after half an hour of "no ripples" in the late trading, the Shanghai Stock Exchange Index closed down 7.40%, falling below 4200 points, while the ChiNext Index closed down 8.91%. With more than 500 stocks in the two cities suspended from trading, they fell by the daily limit. The number of individual stocks has reached more than 1800.

This is no longer a plunge, but a crash.

A complete collapse!

"The main contracts of several major stock index futures have all been lowered to the limit." Su Yi looked at the tragic scene that the three main contract products of the stock index futures, Huashi 500 Index, CSI 300 Index, and A50 Index, had all been lowered to the lower limit. Even though they had Having experienced this kind of scene, I was still shocked, "It seems... the market has completely lost its liquidity. The stampede of bulls will make all investors in the market face a prisoner's dilemma."

Su Yi looked at the umbrella in her hand, waved her hand gently, and said with a smile: "The heavy rain has already started."

It seemed that heavy rain would fall at any time.

Of course, in the last half hour when countless stocks fell to the limit and market transactions were forced to become light, brokerage companies and over-the-counter financing institutions were extremely busy.

Benefited from the lower limit of the main contract of China Securities 500 Index futures.

Half a month ago, everyone was looking forward to the Shanghai Stock Exchange Index hitting 6000 points, refreshing the previous bull market high and creating a new A-share history.

They are all looking forward to that one...incomparably beautiful future of wealth.

Faced with huge floating profits on positions.

Su Yi nodded slightly, without explaining, walked out, hailed a taxi on the side of the road, and left.

A nightmare that they dare not think about and feel desperate.

Lin Xiaoxiao wanted to say that she had not stopped working, and wasn't she also protecting her customers?

But she looked up in a flash and saw the manager's gloomy face that looked like he was about to eat someone. She hesitated for a moment and swallowed back what she was going to say to refute.

Then he just lowered his head and responded briefly, then hurriedly called the customer to inform him.

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