Rebirth of the Great Entertainment Empire

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today.

The New York Stock Exchange was overcast, the atmosphere was extremely tense, the price changes were extremely fast, there were not enough telephones, and the prices on the screens could not keep up with the actual changes in the market prices-one trader said that his screen showed Dow Jones The industrial average fell 3.78 points when it was actually 508.

Usually, the daily trading volume is about 100 million shares, but today it is 600 million shares.

Due to computer system lag, about 28% of orders failed to execute, including 92 million limit orders - many investors, especially small and medium investors, did not know until two or three days later Their shares didn't sell at all.

In addition, the US government bond market is also in chaos due to changes in stock prices...

At the moment when the New York Stock Exchange closed, Xu Cun and others in the trading room of the Xiangjiang Shi'ao Manor office building were all sweating profusely, even though the trading room was equipped with the best air conditioner in the world!

Among them, Americans such as Bush Jr., Bill Francis Adams, John F. Kennedy Jr., Howard Roosevelt, and John Reed are the most!

The stock market froze for a long time before Bush Jr., Bill Francis Adams, John F. Kennedy Jr., Howard Roosevelt, and John Reed looked at each other.

In the end, it was John Reed, the oldest, who picked up the phone in the trading room and called back to the United States to inquire about the results they were most concerned about.

After the call was connected, John Reed only listened to a few words before hanging up.

Afterwards, John Reid looked at the crowd and said: The computer system of the New York Stock Exchange is almost paralyzed, so we will have to wait a while to know the result.

After hearing what John Reid said, everyone looked at the market in unison—the Black Monday on the New York Stock Exchange is over, but the Black Monday on other regional exchanges is still raging.

At this moment, the exchanges in Australia, France, Germany, Sweden, Italy, and the Netherlands are all under the black terror of Black Monday.

The reason why the stock exchanges in Japan, Hong Kong, Singapore and other places have not yet been shrouded in the black terror of Black Monday is not because several places have not been affected, but because of the time difference. It's not open yet.

After watching the stocks in Australia, France, Germany, Sweden, Italy, the Netherlands and other places plummeted for a while, Bush Jr. and others, who were so anxious, signaled John Reed to pick up the phone in the trading room and call back to the United States. , asking them about the outcomes they care most about.

After listening to the other end of the phone for a long time, John Reed hung up the phone with slightly trembling hands.

After calming down, John Reed said: Among the 1,600 stocks listed on the New York Stock Exchange, only 52 stocks rose, and the rest all fell. Among them, 1,192 stocks fell. to the lowest level in fifty-two weeks, and many representative blue-chip stocks were also doomed. The stocks of almost all major companies plummeted by about 30%, and General Electric fell by 33%. One, Telegraph and Telephone fell 29.5 percent, Coca-Cola fell 36.5 percent, Westinghouse fell 45.8 percent, and American Express fell 3 percent. 18.8 and Boeing down 29.9 percent.

From the second half of the 1950s to the first half of the 1970s, due to the rapid economic development of the United States, profound changes occurred in the industrial structure. Large companies and large enterprises carried out cross-industry diversification one after another. Production and capital were further concentrated, which accelerated the development of mixed joint ventures. development of. The consortiums infiltrate each other, and the relationship between each other is intricate. There is you in me, and I in you. The boundaries of the consortia are becoming more and more blurred.

Therefore, major companies such as General Electric Company, Telegraph and Telephone Company, Coca-Cola Company, and several major consortiums all hold shares of varying amounts. Therefore, John Reed only introduced the stock price fluctuations of these companies.

The people sitting here are all the best of the best. After hearing John Reed say that the representative blue-chip stocks have fallen so much, what about the companies they have selected that have hidden dangers?

No one spoke, but there was unconcealable ecstasy in everyone's eyes, including Xu Cun!

Due to the influence of computers, news organizations do not report the closing price of the stock market until five and a half hours after the market closes.

Everything is out of control! reported the New York Times.

There are countless investors who have suffered heavy losses today-Sam Walton, currently the world's richest man in name, lost $2.1 billion in stock value in one day, Bill, the youngest billionaire in name in the world Gates lost 3.945 billion US dollars, and Wang An, the computer king, lost 31 million US dollars this afternoon alone. Many millionaires become poor overnight, and the hardest are those investors who invest in stocks with their hard-earned money accumulated over the years. Shocked by the plunge in stock prices, the psychology of stockholders has become extremely fragile. Many people who were deeply indebted due to the stock market crash had complete mental breakdowns, and there were endless reports of suicides. Banks are bankrupt, factories are closed, and companies lay off a large number of employees. People are panicking!

However--

The tragedy brewed by Black Monday is by no means limited to the United States!

Due to the development of information technology, financial transactions all over the world are closely linked together.

There are of course many, many, many good sides to this.

However, the accelerated pace of financial integration has also caused some negative effects-due to the development of global financial integration, when a stock market plummets, other stock markets will not be spared.

Today, before the sound of the opening gong on the Tokyo Stock Exchange, the stock price plummeted - the Nikkei 225 index fell by 620 points, a drop of 14.9%;

Singapore's Straits Times Index fell 169 points, or 12.4 percent;

The All Ordinaries in Australia fell 80 points, or 3.7 per cent;

The FTSE30 index fell 183.7 points, a drop of 10.1%, and the FTSE100 index fell 249.6 points to 2053.3 points. Investors lost five Tens of billions of pounds.

In addition, stock markets in Paris, Frankfurt, Stockholm, Milan, and Amsterdam all fell by 6% to 11% to varying degrees, forming shock waves in stock markets around the world.

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