Hong Kong Comic Master
Chapter 358 Doomsday
It was around nine o'clock in the morning on Monday, October 19, 1987.
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 today she was somewhat irritable.
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 $500 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, without any warning, the company hastily cut off its tail to survive, not to mention how much money it makes the company lose. Just this short sale is likely to cause the company to directly liquidate its position.
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 could not 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.
From October 5th to 9th, the Dow Jones Index fell by 158.78 points, and then fell by 235.48 points in the second week, including a drop of more than 100 points in one day on October 16th.
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.
"Oh my God!"
"Oh my God!"
"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, 11 of the 30 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 the futures market drive each other, stock prices and futures prices fall faster and faster, and trading volume surges.
As the trading volume was constantly being updated, the computer trading system slowed down, and the accurate figures of the Dow Jones Index and the S\u0026P 500 Index were even more difficult to calculate.
Such a 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!
She actually encountered a stock market crash that is rare in decades!
Although their company will make a lot of money in this way, this is a stock market crash, which will bring about a serious economic crisis. How heavy a blow will the US economy suffer at that time?
It must be said that Cathy's premonition was very accurate. Until the afternoon close, the Dow Jones Index fell by 508.32 points, from 2246.72 points to 1738.470 points, a drop of 22.6%, setting a record for the highest one-day decline, which is almost equivalent to the stock face value of France's annual GDP of 503 billion US dollars, which disappeared in one day.
The chaos lasted for a whole day in the entire exchange. Traders never put down their phones from beginning to end. The price changes were so fast that even the price on the screen could not keep up with the actual price.
"Bang!"
"Ah~~"
"Woo woo woo woo..."
At this time, a loud noise was suddenly heard outside, followed by the sound of car alarms, waking up Cathy who was staring at the screen in a daze.
"Someone jumped off the building!"
Not long after, Carl ran in from outside with a heavy heart, and said to Cathy with surprise on his face.
"The end of the world is coming!"
Cathy was obviously also frightened by the scene in front of her, muttering to herself.
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