City Start Striving for Becoming a Rich Man

Chapter 135

Newark time is slowly coming to the golden autumn of October, Ni Shixiao has raised 150 billion US dollars in funds.

He invested funds in several major stock markets around the world.

As for Neon, he didn’t plan to go short at all, because Neon was so awesome.

With the global stock market crash, Neon’s stock market only fell for a few days and quickly recovered.

The time is too short and it’s not easy to operate, so he is ready to give up. The most important thing is that in two years, he still has a large profit to harvest in Neon, so it should not be offended too early.

When the short order is finished, if you have time, you can consider going long in the neon stock market.

“Abel, Tina, let’s go, remember that there is no bank guarantee order, we will not accept it, I am afraid they will not have the money to pay.”

“Charles, wait for our good news.”

Abel and Tina went out in a hurry. They need to travel to several countries and negotiate empty orders with others.

A few days have passed.

“Barney, send someone to (protect) Abel.”

“I see, Shixiao.”

If Ni Shixiao is short here, then the person who takes the order will have to do more. This is a gamble. The two sides fight in the air, but they live and die.

This time Ni Shixiao didn’t use leverage. As long as he used the leverage, he would be approached by others.

This time it can be said to have robbed the entire Mars, too offensive, Ni Shixiao did not dare to leave a flaw.

Get rich quietly, don’t shoot guns.

And there is no way to use leverage. If he uses such a large amount of funds to use leverage, what do you let other smart people eat?

If they can’t eat meat, they will eat Ni Shixiao as meat.

Empty orders are being established, and good news will come from Abel and Tina at any time.

It was not until the 14th that all the empty orders were completed, and the two returned to Newark quickly.

On the afternoon of the 16th, the Dow Jones Index fell suddenly, and by the time the market closed, it fell by more than 100 points throughout the day.

The atmosphere throughout the weekend looked cloudy.

On the 19th, Ni Shixiao still had regular breakfast and exercise as usual.

Today is Leilei’s holiday. After breakfast, Ni Shixiao accompanies her to play for a while, and then takes Leilei to Charles Financial Company.

At 9:30 a.m. on Wall Street, the opening bell came out of the Newark Stock Exchange and a new day began.

At the beginning of the market, an ominous breath enveloped everyone in the noisy trading floor.

As soon as the quotation opened, it fell by 65 points, and in a blink of an eye, selling rushed out.

Under the pressure of the tossing plate, everything on the screen turned red, and there was no more green.(Read more @ wuxiax.com)

At the close of the day, it was down 91 points, or 5%.

There was panic in the exchange. Someone proposed to close the market, but no one dared to make such a decision. The Newark Stock Exchange took into account that Wall Street was the vane of the global stock market, and had to grit your teeth.

…The massive sell-off in the Newark stock market immediately caused the Chicago and J Brothers Futures Exchange to also sell a large number of stock index futures.

However, a large number of short-selling index futures on the Chigo Futures Exchange rebounded back to a massive sell-off in the Newark stock market, but buyers became lackluster.

At this time, the “power of high-tech” was beginning to appear, and there was a situation in which people vomited blood.

That is the quantitative tool portfolio insurance designed to use futures contracts to prevent market declines.

Originally, someone wanted to make a transaction and needed you to call the broker;

Then the broker calls the company’s trader, and the trader calls the person responsible for trading a stock;

Finally, the transaction was executed.

This process is slow, cumbersome, and inefficient.

However, with the development of computer technology, it has gradually taken over most of the steps from human hands.

Even nowadays, almost every transaction is processed by a certain algorithm, which is finally proposed by a computer and then executed by computers that interact with each other.

However, by the end of the 1980s, computers had been widely used in the American Securities Market.

In order to prevent risks, the aforementioned portfolio insurance has emerged.

What are the advantages of this insurance?

As soon as the stock market falls and the stop loss point is triggered, the computer will automatically sell the stock to prevent excessive risks.

It should be said that the idea is very good, and the technology has advanced a lot, but the result has left everyone stunned.

Within the first hour of opening, it was difficult to find buyers in the market, and none of the 95 blue-chip stocks, which accounted for 30% of the index stocks of the Poole Index, had been traded.

However, due to the accumulation of sell orders, especially the automatic sell orders, but the buy orders are basically not, the market price is forced to drop repeatedly to attract buyers.

By 10:30, 11 of the 30 index stocks in the Dow Jones Industrial Average have not yet opened for trading?

In normal times, usually less than 5 minutes after the opening of the market, all transactions will start.

Since many stocks were not traded at all, the Dow Jones Industrial Average at that time could not truly reflect the actual market price, and the entire market was completely disordered.

The trading volume is constantly being refreshed, and the speed of the computer trading system slows down;

The exact numbers of the Dow Jones Industrial Average and Poole Index cannot be calculated at all.

Due to the mutual driving of the stock market and the futures market, stock prices and futures index fell faster and faster, and trading volume began to soar.

In particular, large Wall Street institutions traded heavily in the two markets, pushing this disaster to the culmination.

To make matters worse, the backwardness of computer hardware equipment at this time has once again dealt a heavy blow to the market.

The computer system of the Newark Stock Exchange was almost paralyzed on this day.

There are a total of 200 microcomputers in this Newark stock exchange. This system has never processed such a huge transaction.

When stock trading data floods into the computer, the computer can hardly handle it.

When selling orders swarmed, the processing speed of the information system lags far behind.

Less than an hour after the opening of the market, the computer was actually 20 minutes slower than the actual transaction speed due to the large number of sells;

At noon, the designated instruction conversion system (DOS) in the computer system was slow for about 75 minutes.

Due to the insufficient capacity of the DOS system, 120 million shares of the 100 million shares transferred to the DOS system were not executed.

On the same day, Neon’s stock market had been heavier against the Emerican stock market, and it was the first to begin to fall, and it began to fall for no reason.

Everyone had an idea in their hearts, that they would sell all their stock futures before the stock market crashed.

Otherwise, it will be waste paper. It’s okay for a person to have this idea, but people in the unit of 100,000 have this idea.

That would be horrible.

Xiangjiang is no exception. The plunge has already taken place, and there are only selling but not buying.

There used to be dozens of dollars in stocks, but now no one wants half of the price, and every investor is crying bitterly.

In less than a few days, the people who jumped off the building have already started to line up. If it is a few years later, it may give birth to a kind of scalper ticket for jumping off the building.

As mentioned above, the people of Xiangjiang are not good at learning, and they are too gambled.

Those who lost their money this time are considered lucky. .

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