Chapter 501 [Double killing of stocks and debts, the darkest moment]
As it approached 9:30 in the evening, Lu Ming, who was at home, had just come out of the bathroom and was sitting in the living room wearing a nightgown. There was a computer on the table, and the screen displayed the market price of the US stock market.
I rarely watch the trend of U.S. stocks in night trading, but I have to pay attention tonight.
At the same time, Qi Wei and a group of traders in the company were conducting night trading in the trading room to direct the peripheral market. The big strategy Lu Ming had already given instructions at the daytime meeting, and the specific operational issues were left to Qi Wei.
Just wait for others to execute it, and you can enjoy watching the fun at home.
In fact, as a Dabo SS, most of the time is very relaxing, but a small part of the time is tiring. It is nonsense to say that the boss works more than ten hours a day. This situation only happens occasionally.
In fact, the boss's happiness is unimaginable to ordinary people.
Sleeping five or six hours a day and working more than ten hours a day seems to indicate that the boss is very diligent. In fact, it more reflects the boss's ignorance of the ability to employ people, so he has to do many things himself.
At this time, the U.S. stock market on the other side of the ocean officially opened, and the three major indexes opened lower. This situation is very common, and many people thought that today's trend would open lower and move higher as usual.
However, less than five minutes after the market opened, the market couldn't stop falling. The Nasdaq's decline quickly expanded to -2%, and the three major stock indexes plummeted across the board.
And it is still not stable. There are occasional counter-draws, but they are just counter-draws. After the draw is over, it continues to hit a new low for the day.
Lu Ming stopped looking at the market and went to bed after watching it for about half an hour. The main reason was the urging from the bedroom. He would just check the results of the US market tomorrow morning. He had other things to do before going to bed now. He would wait until he was done.
It's not too early either.
…
The next day, Thursday, October 11, Lu Ming came to the company to work.
In the president's office, assistant Han Qiulin handed over Qi Wei's trading work report last night and said: "Last night, the U.S. stock market suffered a bloodbath, and 'Titanic hit the iceberg' could not be more appropriate to describe the U.S. stock market last night."
The index plummeted 800 points, a drop of more than -3.15%, the S&P 500 index plummeted -3.29%, and the Nasdaq plunged 4.08%. It can be called Black Wednesday. Of course, our short orders also made a lot of money."
Lu Ming calmly took the materials and looked at them. He was not surprised at all by the results, which were very much in line with expectations.
Yesterday was undoubtedly a catastrophic day for the U.S. stock market. The three major stock indexes set multiple decline records. For example, the Dow Jones Index hit its largest one-day decline in the past eight months -3.15%, and the Nasdaq even plunged -4.08%.
, which also marked the largest one-day drop in the past seven years.
Technology stocks and the Internet sector, led by FAANG stocks, fell across the board. The market value of these five stocks evaporated by US$140 billion that day. Of course, Zhonggai stocks were not immune to the disaster. Ali fell by more than -4% and Baidu fell by -5.8%.
, as for the so-called "FAANG" refers to the abbreviation of the first letters of the five major technology companies: Facebook, Apple, Amazon, Netflix, and Google.
Han Qiulin suddenly sighed leisurely and said: "After joining Tiansheng Capital for so long, the biggest feeling I have is that the money in this world is so easy to make, and sometimes I doubt life."
Lu Ming, who was reading the materials, couldn't help but cast his eyes on her when he heard this, and said with a smile: "It's never easy to make money in this world, but when you meet an awesome company, you have the right boss."
After reading the material report, Lu Ming threw it aside and added: "Is there any other news worth paying attention to?"
Han Qiulin also returned to the topic. After thinking about it, she said: "Yes, yes, it is popular. I don't know whether it is worth paying attention to. Regarding this rare plunge, the current top leader in North America could not sit still. After the market closed, he tweeted about it one after another.
The blame for this plunge is directed at the Federal Reserve."
Upon hearing this, Lu Ming couldn't help but open the Internet and found the personal social media account of the leader. As expected, there were two latest updates.
[I think the Fed is making a mistake. Their monetary policy is too tight. I think the Fed has gone crazy]
[Actually, this is the stock market correction we have been waiting for, but I really don’t agree with the Fed’s current actions]
Obviously, the leader blamed the stock market's flash crash on the Federal Reserve's tightening of monetary policy, but the actual situation is that the "inversion" of U.S. bond yields has become the main cause of the market plunge. The short end of the U.S. bond yield curve has inverted for the first time in 11 years.
In addition, the decline in share repurchases by North American listed companies is also an important factor.
However, when Lu Ming saw what the Commander-in-Chief said, he felt that this old naughty boy was really shameless. What is called "the long-awaited stock market adjustment"? This was too shameless.
"It's not surprising that the President can't sit still. The surge in U.S. stocks over the past few years is the highlight of his performance during his tenure. The key is that there are so many pension funds in the United States in the stock market. If it plummets, his approval rating will also fluctuate.
"Lu Ming smiled, closed the page, then looked at Han Qiulin and added:
"There is a double kill of stocks and bonds in the United States. The global stock market will inevitably start to catch a cold, or even a severe cold. The European and Asia-Pacific stock markets will definitely not be able to escape. Even if we have Big A today, it will be gone. Please inform Lao Li and his fund managers.
We, the comprehensive position-adding strategy established at the voting meeting must be implemented unswervingly. The company’s strategy in the last quarter of this year is to buy, buy, buy!”
Han Qiulin nodded: "Understood."
As the U.S. stock market suffered a bloodbath yesterday, investors in Big A were already trembling this morning.
Time passed by, and as soon as the call auction came out, the big A was gone. Yesterday's closing price of the Shanghai Stock Exchange Index was 2725.84 points, and today's opening price was 2643.07 points. It easily broke through 2700 points in the call auction stage.
At the integer mark, a -3% gap opened downward.
After the market opened, investors continued to fall. Unexpectedly, the rebound mode started. The market rebounded to a maximum of 2661 points. However, the upward momentum was insufficient to continue the upward attack. However, it did not test downward, but maintained a volatile pattern. It seemed that
The market has stabilized in the 2650-point range.
However, this was just a false counterattack to lure bulls. The volatile pattern only stabilized the market for an hour. After 10:30, it began to continue to fall, and funds fled in a stampede. At 10:53, the short army broke through in one fell swoop.
It reached the 2,600-point integer mark.
After losing 2600 points, Big A once again returned to the 2500-point era, which can be said to be the darkest moment.
Today, the forums and index comment areas of major stock forums are full of howls.
"Give me your money and stop playing!"
"It collapsed, it collapsed, it all collapsed!"
"I thought Monday's flash crash was over. I was still too young. There was a hemorrhagic collapse after the flash crash. Today is a hemorrhagic collapse!"
"Oh, Tiansheng Holdings' stock price hit the daily limit at 31,052.82 yuan, directly evaporating 276 billion yuan, and a magnesium group was wiped out in one day!"
"King of stocks, my big A stock king has finally fallen, is there anyone left alive?"
"Even the King of Stocks is dead, and you ask if there is anyone alive? There is a living person like Gou Ba!"
"Shanghai! Shanghai! I am Shenzhen! Our side suffered heavy casualties! Almost the entire army was wiped out! What were your losses?!"
"Shenzhen City! Shen City! I am Shanghai City! All our troops have been killed! What is being played now is a recording, please do not reply!"
"Call GEM! Call GEM! If you hear GEM, please answer! GEM?! If you hear GEM, please answer! Is GEM still there? GEM are you still there? Beep beep beep beep..."
"Haha, this guy is definitely a talent. He laughs like a pig, but laughs and bursts into tears. He feels inexplicably sad and helpless."
"Today is destined to become a black 'big event' in the history of Big A. Is the bear market really coming?"
"Is the person who said a bear market serious? It has dropped from 3587 to over 2500. You ask, is a bear market coming? The bear market is almost over."
"We have no money, we really have no money. We are all trapped. The most desperate thing is that we have no bullets at this time."
"I left my words here. Today's collapse of Big A heralds the washing out of the last batch of floating chips. Big A is performing the bull market bottom of the past ten years. The confrontation with the United States has already changed positions. Hey, how should I put it?
In the next few years, it may be difficult to see such a low point again. Believe it or not, I have already sold my RV and added to my position to buy the lowest price. My wife did not agree, so she had a big fight and chose to divorce. Once in ten years, we fought to the end.
Whether you stay with me to the end or not, it doesn’t matter who says it. Brother 1 may calculate it differently. Anyway, the market will naturally tell you in a few months, why worry so much? Just do it!”
"You're awesome, bro. If you sell your RV and sell your wife, you don't have to have sex all the time. You're so brave. It's so crazy!"
"Normal people can't make money in Big A."
"Niubi Niubi, it blew me away. I have to send a song to this guy who sells cars, rents his wife, and doesn't even want it. "Give it a try" is suitable for you, BGM. Let's give it a try...
Don't worry too much. This is the character a man should have. No matter how bumpy the road in life is, be passionate and dare to love and do. Give it a go and don't pay too much attention. Who can really understand me? Unruly.
What is free and easy is that no matter how many difficulties and setbacks you face... just laugh it off ~ [face covering] [face covering] [face covering]"
"The song is good, I have collected it, haha"
"Keep playing music, keep dancing!"
"Those who still have bullets to add to their positions at this time, it means they have money or have escaped the big drop, they are great! And those who still have bullets at this time and dare to add heavy positions, they are super great!"
“Brother, let’s see if I can make a big difference this time, come back in a few months, Mark!”
