Hong Kong Island Comic Master

Chapter 358 Doomsday Comes

It was around nine o'clock in the morning on Monday, October 1987, 10.

Although most companies are already at work, Wall Street in New York is still very congested.

Cathy was driving her car and was stuck on the road, feeling very irritable.

It was obviously less than 500 meters away from the exchange, but she had been driving for ten minutes, and it seemed that she was far from ending.

If she could, she really wanted to dump the car here and run all the way there.

"Wow, it's Bumblebee!"

"It's so cool, but I didn't bring a camera!"

Since Cathy rolled down the car window, the conversations of people on the street easily fell into Cathy's ears.

Cathy was not surprised by this.

I bought this new car the year before last. It was said that it was a sports car jointly launched by the company and Chevrolet, named "Bumblebee".

Originally not many people in the United States knew about it, but over the past two years, "Transformers" has spread more and more widely, so much so that it often turns heads on the streets.

Of course, Cathy was not averse to receiving such attention, but she was somewhat irritable today.

Finally at 9:25, Cathy finally arrived at the trading floor.

"Sister, this way!"

As soon as she arrived in the lobby, Cathy saw someone waving to her from the second floor, and that person was Karl.

"How's it going?"

Cathy walked up and came to Karl and asked.

"It hasn't started yet, sister, you came at just the right time!"

Although Karl looked a little tired, his eyes were bright and he called Cathy to come to him.

Since joining DreamWorks Investment Company, Carl has been working hard and has become a senior specialist of the North American branch in the past two years.

Of course, my elder sister is even more powerful and is already the head of the Beimi branch.

"The recent stock market is very abnormal, so please pay attention!"

"Don't worry, sister, it doesn't matter whether it goes up or down, it doesn't matter to us!"

Compared to the worried Cathy, Carl seemed much more relaxed.

Since the stock market has not yet opened, everyone is relatively relaxed, and there are even people talking and laughing around.

But Cathy is not as relaxed as Carl, because the recent stock market is so weird!

Up to now, without realizing it, the United States has experienced a 50-year bull market. Although it has experienced many ups and downs in the process, the stock market has been moving upward.

Therefore, for such a long time, people have forgotten that the stock market will fall.

The same goes for Cathy.

Until the beginning of this year, the company issued an order to secretly reduce its shareholdings. In less than a year, their North American branch alone had cashed out more than $5 million in cash.

Not only that, under the arrangement of the company, the Beimi branch she was responsible for also started short selling!

This made Cathy even more incomprehensible.

After all, cutting off the stock rashly to survive without any warning, not to mention how much money it makes the company lose, just this short sale is likely to cause the company to explode directly.

Although she repeatedly reported to the head office, she was still asked by the head office to resolutely implement the order.

Therefore, the past six months have been a terrifying time for her.

If the short-selling fails this time and is forced to close the position, Beimi Branch will not only invest all the money it has earned in the past few years, but may also lose tens of millions of dollars. Cathy cannot accept such a failure.

However, starting in August, the New York stock market began to experience greater fluctuations, which gave Cathy hope.

In October, the stock price began to decline, which made Cathy very pleasantly surprised.

从10月5日至9日期间，道琼斯指数就下跌了158.78点，接着第二周又下跌了235.48点，其中10月16日一天就下跌100多点。

This made Cathy very excited, but she was not sure whether this was really the end of the bull market or an ordinary technical adjustment?

Therefore, she has been coming to the trading floor every day for the past few days to keep an eye on it.

"Dangdangdang..."

With a rapid and dull bell ringing, the New York Stock Exchange officially opened!

Almost at the same time, everyone’s eyes were focused on the big screen.

Cathy doesn't have to go to the lobby downstairs. She has her own room, where the computer can not only display various stock prices, but also conduct stock transactions.

"My God!"

"my Lord!"

"Tell me this isn't true!"

However, just as the market opened, Cathy heard an exclamation from downstairs.

Cathy saw that the screen was all red, with not a hint of green in sight. In less than a minute after the market opened, the Dow Jones index fell by 67 points.

And this was just the beginning. From 9:30 to 11 o'clock in the morning, the Dow Jones Index continued to plummet. No one knew how to curb the deterioration of the situation.

When people at the Chicago Mercantile Exchange sold index futures heavily, the New York stock market also sold heavily, and buyers were extremely scarce. Within the first hour of trading, it was difficult to find buyers in the market.

By 10:30, 30 of the 11 index stocks in the Dow Jones Index had not yet opened for trading. In normal times, they would all start trading less than 5 minutes after the opening.

As the stock market and futures market drive each other, stock prices and futures indexes fall faster and faster, and trading volume surges.

The trading volume is constantly refreshed, the computer trading system slows down, and the accurate figures for the Dow Jones Index and S&P 500 Index are even more difficult to calculate.

This situation made Cathy's mood change from the initial joy to deep fear.

Because this is not an ordinary stock decline, this is a stock market crash!

A rare stock market crash in decades happened to her!

Although their company will make a lot of money in this way, this is a stock market crash, and it will bring about a serious economic crisis. How heavy a blow will the U.S. economy suffer by then?

It has to be said that Cathy's premonition was very accurate. By the afternoon's close, the Dow Jones Index had dropped by 508.32 points, plummeting from 2246.72 points to 1738.470 points. The drop reached 22.6% and set a record for a one-day drop, almost equivalent to France. The stock par value of US$5030 billion in GDP for the whole year was wiped out in one day.

Chaos continued throughout the entire exchange for a whole day. Traders' phones were never put down from the beginning to the end. Prices moved so fast that even the prices on the screen could not keep up with the actual prices.

"boom!"

"Ah~~"

"woo woo woo woo……"

At this time, a loud noise was suddenly heard outside, followed by the car alarm, which woke up Cathy who was staring at the screen in a daze.

"Someone jumped off the building!"

Not long after, Karl ran in from the outside worriedly, and said to Cathy with surprise on his face.

"The end is coming!"

Cathy was obviously frightened by the scene in front of her and murmured to herself.

(End of this chapter)