Chapter 1272: Black monday

Facts have proved that Guo Zhaode and Kevin. This super "attendance machine" jointly designed by Mitnick has an unexpectedly good effect.
The system has entered a normal operating state since the opening of the New York Stock Exchange in the morning. Under Kevin’s operation, it first implemented several common operating strategies. After verifying that the system connection and trading functions are normal, it quieted down. , Began to wait quietly.
Because it is the weekend, when there are no data or events that can have a significant impact on the stock market, today's stock market is relatively stable. Since there will be two days of market closure, generally on this day, many institutional investors will Choosing to change hands for short-term speculative stocks will lead to a slight drop in the trading price of stocks and the overall market, but this is a very normal phenomenon and is completely unnoticeable.
At 2:30 in the afternoon, there is one hour left before the market is closed.
Just like the last trading hours of every weekend, the stock market has also entered the so-called "weekend garbage time". During this time, most of the stock brokers who have basically completed a week of trading have done all their work. , Either chatting with each other, or simply slipping the number, even those who stay to watch the market are basically absent-minded. The performance of the market is similar, and the transaction is smooth and light.
Until a stockbroker inadvertently scanned the real-time quote screen.
"Gosh!" he exclaimed.
I don’t know since when, there were obvious changes in the prices of several stocks, and there was a large influx of selling. Since most of the main funds have been liquidated and left the market, the buying order is seriously insufficient. The prices of these stocks are very low. It was smashed down in an instant, and a straight line like a cliff was drawn on the screen.
The trader hurriedly called his companions, found these stocks whose prices had changed, and then started looking for news about these stocks with a rush of 100,000.
However, there was no useful news, no news that was not conducive to these stocks was publicly reported, not even gossip, everything seemed normal.
Moreover, these stocks are distributed in several industries, such as petroleum exploration and extraction, banking, insurance, IT, electronics, and chemical engineering. If you must find their common ground, there is only one-these stocks are all Dow Jones Indices Constituents!
In other words, their prices will be directly reflected on the Dow Jones Index of the New York Stock Exchange!
The trader suddenly felt that he smelled a strong scent of conspiracy, he looked at the big screen in the trading floor-as expected, the Dow Jones Industrial Index began to fall, and the trader dared to swear by his mother’s reputation, This falling curve is the most perfect falling curve he has seen in the years since he has been a stock broker!
"Suck!" he muttered.
...
"It's really a perfect curve." Guo Zhaode looked at the computer screen in front of him and commented: "I bet that 99% of the systems that use program trading, when facing this curve, must adopt a stop loss strategy. ."
"It's just selling?" Tan Zhenhua smacked his lips: "But I didn't see how much the index of this market fell?"
"The important thing is not how much you have fallen now, but the curve is not perfect." Guo Zhaode squinted at the screen, as if it was not the Dow Jones Industrial Index, but a hot attic cover girl: " Believe me, Eric, when you come back after your weekend vacation, you will find that the whole world is different."
"Well, I hope what you said is true, now I am going on a date with Vivian, goodbye, Zhaode."
"Goodbye, Eric, have a good time."
...
On Friday, October 16, 1987, at 3:30 pm Eastern Time, the New York Stock Exchange was closed.
Due to geographical location and time difference, the New York Stock Exchange was the last major stock trading market in the world to be closed. On this day, the Dow Jones Industrial Index closed at 2246.74 points, a drop of 108.35 points or 4.6% that day, a single-day drop. The most in history.
The New York Stock Exchange was closed, but the market panic caused by the Dow Jones Industrial Index, which suddenly fell sharply in late trading, did not rest. It soon spread to all directions with the advanced network and communication system. The spread of this panic is The most infectious virus in the world, in just two days, almost all financial institutions and large investors in the world were infected...
Monday, October 19, 1987.
The eternal sunlight first rises from the east, illuminating the world's first awakened financial center-Xiangjiang.
Because of its clear future, the Hong Kong economy, which has benefited from China’s backing, has been in a prosperous state in recent years. This economic growth has not only enabled the unprecedented prosperity and stability of Hong Kong society, but also reflected in the performance of the stock market— —The Hang Seng Index has maintained a slow bullish state and has been rising for several years. On October 1 this year, the Hang Seng Index reached a historical high of 3,968. The turnover of HK$5.41 billion on that day was also the highest in history. The chairman of the institute Li Fuzhao couldn't help but published a congratulatory message in the "Chairman's Report" column at the beginning of the October 1987 issue of Securities Monthly. The market was even more bullish and expressed sufficient confidence that the Hang Seng Index hit 4000 points.
However, all this stopped abruptly today.
On Monday, October 19, the weather was fine, and under the blowing of the sea breeze, the peaceful sky of Xiangjiang presented a refreshing blue sky. In such a refreshing autumn, the stock market opened.
However, everyone immediately discovered that the sky was no longer blue at this time, but became as black as ink!
The sell-off came in like a tide, and the market seemed to have only sellers left, and all buyers disappeared. The Hang Seng Index pulled out a straight line and rushed all the way down, as if a horse was out of control. Mustang!
By the end of the market, the Hang Seng Index had fallen by 420 points in one fell swoop, and closed at 3362 points, down 11% in one day!
And this is just the beginning of the global plunge mode.
The first domino has fallen. Can the financial markets after that be spared?
Obviously, no.
Then came the Wa country. The Nikkei index's plunge after the opening almost completely copied the trend of Hong Kong. Then, London, Frankfurt, Paris, Sydney, Toronto, and finally returned to New York after circling the Blue Star.
On this day, the Dow Jones Industrial Index fell 508 points in one fell swoop, the depth of the decline reached 20%!
The global financial market was wailing, countless assets were wiped out, so many people went bankrupt in an instant, and the rooftops were not enough...
Ps: The above data are all quoted from historical facts, no fiction.