Stock markets around the world were in turmoil. In just one day, the total losses of more than 600 listed companies on the New York Stock Exchange reached more than 900 billion U.S. dollars, with an average decline of 20%. The biggest losses were those old companies, such as Rockefeller Company.
The New York Times Group, Citibank, etc., each of which is at least billions of dollars, more than 98% of more than 800 companies have plummeted, and 15 of them have fallen by 3%.
10. Trading was suspended by the exchange before the market closed.
Technology companies were not spared. Microsoft, with a market value of less than one billion US dollars, suddenly lost 200 million US dollars. Intel, which was still in its dormant period, also lost hundreds of millions. On the other hand, Wan'an Company, which has a market value of more than 900 US dollars, lost 200 million US dollars.
For a company worth 100 million, the loss was less than 900 million. Although it can be called a heavy loss, the drop of less than 10% is already extraordinary compared to other companies. You must know that IBM lost money today.
2.5 billion US dollars, a drop of 21%.
The reason why Wan'an Company was able to lose less is mainly because the image processing program they launched has greatly increased the confidence of many people in it. You must know that last week, Wan'an Company maintained a 2% increase for a week. If it is compared with ten days
Compared with the previous market value, even if it plummeted by 10% today, it actually did not lose much.
Wan'an Company suffered relatively small losses, but several companies actually managed to rise steadily during this major stock market crash, which can be said to be a few lone seedlings in the U.S. stock market, including Nike.
Nike's market value is not much, only 200 million US dollars, and 60% of its market value has increased within this year. With such a small market value and such excellent performance, Wall Street investors regard it as a high-quality product.
Investment objects are the preferred target for long-term investment. In addition, last month Nike once again launched the latest generation of "Flying Man" sports shoes. With the support of these factors, even in today's stock market crash, Nike's stock still increased by 10%.
The closing price of 0.2 shows people's confidence in Nike.
That night, Liu Lang and others sat in front of the TV and watched the news. All channels were paying attention to this major stock market crash, which was a disaster. This was not just a disaster for American investors. The stock markets of all countries in the world fell below their lowest level in the past three years.
the lowest line.
The Nikkei Index of the island country was even more powerful, falling by 600 points. Of course, the Nikkei Index was higher than the Dow Jones Index, but the decline was also 15%. The Hang Seng Index of Hong Kong Island fell by 420 points, a decline of 100%.
On the 10th, it also set a record for the highest decline in one day; Singapore's Straits Times Index fell 12%.
In addition, stock markets such as Paris, Frankfurt, Stockholm, Milan, and Amsterdam all fell by varying degrees from 6% to 13%, forming a shock wave for stock markets around the world.
So in the evening news, the term "Black Monday" spread like wildfire, the stock market was wailing, and stock investors were unlucky. From the closing of the stock market to about seven o'clock in the evening, there were reports of stock investors jumping off the building.
Of course, most of these people are investors. They make a living by investing, often by taking out loans. They lose millions of dollars in one fell swoop and cannot pay back their bank loans. Even if they don't jump off the building, they will spend the rest of their lives in jail.
Got through.
"Mr. Liu, what will happen to the stock market tomorrow? Can we make another big profit?"
Sun Mingren became interested at this time. He now deeply understood the words "if you follow Liu Lang, you will have food to eat." This time, the Sun family also invested 50,000 US dollars with Liu Lang. For a family like the Sun family, they cannot
It's a lot, but it's still a considerable sum.
One day later, the $50,000 turned into $1.5 million. The Sun family had worked as lawyers in Hong Kong over the years, and they had only managed to save more than $2 million in wealth by talking every day. In the end, they followed Liu Lang in the United States.
Basically, the Sun family made more than half of their income in one day. This was not about "following Liu Lang to make a living" but "following Liu Lang to earn family property."
In their eyes, Liu Lang's predictions on the stock market have reached a miraculous level. He is simply a God of Wealth. If he invests a few more times, I am afraid that the exchange will be wiped out by him.
Liu Lang smiled when he heard that Sun Mingren still wanted to make a fortune in the stock market.
"Brother Sun, no one could have imagined the stock market crash today. It plummeted 507 points in one day, which is already the bottom. If the market opens tomorrow and continues to fall like this, it will only take a few days for the U.S. stock market to return to the level it was a century ago.
, Not to mention those entrepreneurs who don’t agree, even the U.S. government won’t agree, so the U.S. government will come up with relevant measures tonight to prevent the stock market from falling again!”
"Well, Mr. Liu is right. The government's intervention can ease the nervousness of investors. As long as people don't sell their stocks, the stock market will not fall. This is like bank deposits. Why do everyone put their money in the bank?
, The credibility of the bank is fundamental. Everyone trusts the bank. If there is a credibility crisis and all depositors no longer believe in it, then a run will occur and the bank will go bankrupt!"
As an economist, Lewis naturally understood the reasoning.
While several people were talking, the picture on the TV changed and an instant message was inserted, which was news from the capital of the United States.
In the picture is the White House spokesman, who is holding a press conference.
"The country's economy is running well, with the employment rate at the highest level, production continuing to increase, and trade balances also improving. Therefore, this stock market shock is just an accidental event caused by multiple factors. The president hopes that the people across the country can be rational.
Treat it, don’t blindly follow the trend!”
"Spokesperson, you said this was an accidental event, but you know, the stock market has lost nearly one trillion U.S. dollars today. Could an accidental event cause such a huge loss?"
A reporter at the bottom took the microphone and asked.
"The country's economy is growing steadily. There is no doubt about this. President Reagan's policies are undoubtedly correct. The employment rate of the people has also reached a new high in ten years. These data do not support the collapse of the stock market at all, so this shows that the stock market
There are a lot of bubbles in the economy, and it is these inflated bubbles that have caused the stock market to plummet... The president has now summoned the chairman of the Federal Reserve, and the two sides are negotiating and will formulate some measures soon. The president just hopes that everyone will not panic. We in the United States are doing
As a world leader, there is no problem financially!"
The spokesman first shifted the responsibility away from the president to prevent attacks from the opposition, and then told everyone that the U.S. economy is good and people do not need to worry.
The spokesperson kept talking for more than 20 minutes. The main idea was to let everyone not worry or panic. The president will find a solution.
Half an hour later, the Federal Reserve spokesman's speech appeared on TV: There is no sign that inflation will occur in the near future, and the national economy is in much better shape than the stock market, which shows that there are accidental factors in the stock market plunge...
As the central bank's responsibility, in order to support the normal operation of the economy and financial system, the Federal Reserve System reiterated today that it will ensure the liquidity of the financial system. The Federal Reserve Board is also ready to inject funds into the banking system immediately.
The Fed's speech made Louis Wang nod. Professionalism is professionalism, and his words got to the point. In fact, he supported banks to continue to provide loans to stock traders, which was much stronger than the clichés spoken by the White House.
Within an hour, the two giants of the U.S. government gave speeches one after another. It was obvious that they wanted the stock market to be stable, especially the Federal Reserve's speech, which stabilized public confidence to a certain extent.
Not long after the two bosses finished their speeches, several major commercial banks also announced that they would lower their preferential interest rates and increase securities loans by one billion U.S. dollars. Several large trust companies also stated that they would guarantee customers' funds under any circumstances.
Needed, subsequently, major commercial banks in the United States lowered interest rates one after another.
It can be said that tonight is a sleepless night for all bankers and entrepreneurs in the United States. They must show their strength as quickly as possible. This is not just a show, but is related to their own safety. If tomorrow