Chapter 558 Black Monday is coming
This day.
Liu Tao came to Hong Kong.
At this time, the global stock market was booming, but Liu Tao had already seen the hidden dangers. He firmly believed that this financial crisis would break out again.
At the beginning of the year, the international oil price was still more than 35 US dollars per barrel, and now it has exceeded 45 US dollars per barrel.
The international demand for oil has always been in a growth stage. The world uses US dollars for settlement. The rise in international oil prices has greatly increased the international demand for the US dollar, which has forced the US dollar to appreciate.
However, the appreciation of the US dollar is completely not in the national interest of the United States.
On the one hand, Saudi Arabia and other oil-producing countries are making a lot of money by using oil to rob the world.
On the other hand, the US taxpayers are about to be unable to afford the oil price, but they insist on not letting the US dollar appreciate!
At this time, China has been rapidly increasing its oil consumption in recent years due to its rapid economic development. Even though China's oil production has increased very rapidly in recent years, it has continued to reduce its oil exports. This year, China is no longer a net oil exporter.
China also imports some crude oil, which is then refined into finished products and exported to Japan and South Korea.
You should know that China does not export oil, which is 30 to 40 million tons of oil a year, which means that it is about 300 million barrels less.
But in this case, the global stock market is booming.
It is not only the US stock market, but also other major stock markets.
Even the Hong Kong stock market is the same.
It is estimated that if the world is told that an economic crisis is about to break out at this time, no one will believe it.
The previous layout has been quietly completed in major global stock markets, just waiting for the harvest.
Liu Tao came to Hong Kong this time to personally take charge of Hong Kong.
On October 7, the US stock market was in chaos. In the morning, the United States announced trade deficit data that was lower than market expectations. Within 30 minutes of the stock market opening, the Dow Jones Industrial Index fell sharply.
For the next week, the US stock market continued to fall in panic.
October 19th, which is Monday in the United States.
In the morning.
Office workers are always so busy, and everyone is so busy on weekends, so they don’t have enough energy in the morning.
This is the same as every Monday morning before.
Especially on Wall Street, all securities companies, fund companies, and financial companies are almost in meetings.
Most companies have only one topic - how to make money in the stock market, make more money, help customers make money, and at the same time, help themselves make money.
From 1982 to now, the Dow Jones Index has more than doubled, and the stock markets of Italy, Japan, and Federal Germany have risen by 3.56 times, 3.51 times, and 1.6 times respectively. The stock markets of other countries are constantly rising.
It can be said that this is the best time to make money in history.
But starting from October 3, it was a little bad.
The market was in a panic because of the continuous decline.
If customers lose money, they will be scolded.
The problem is that as people engaged in the financial industry, they are actually losing money, and even more.
Because they are good at leverage.
Although many people earn hundreds of thousands of dollars a year, or even millions of dollars a year, they have lost a lot in the past two weeks, and that little annual salary is not enough to lose money.
On Monday, October 19, the time finally pointed to 9:30 in New York, USA!
The opening time of the New York Stock Exchange.
As soon as it reached 9:30, the people in the exchange were busy.
Like last week, although the stock market was falling, there were opportunities. Some people lost money and some people made money.
The stock market is so magical. When it falls, some people make money and some people lose money; when it rises, some people make money and some people lose money!
In the stock market, there are always stock gods, and unknown people become stock gods, millionaires or even multi-millionaires.
There are always miracles happening here, it depends on who can perform miracles.
Even old stock investors who have been immersed in the stock market for ten or twenty years may not make money, and there are many who lose money.
And often some people who have just entered the stock market make money.
At the beginning, when the market opened, the New York Stock Exchange was flooded with a large number of sell orders as soon as it opened.
The Chicago S\u0026P 500 index fell 7% in the first transaction at the opening!
The stock market keeps falling!
1738.47, finally stopped!
The constantly changing Dow Jones Index stopped at this number and stopped changing.
At 11:30, the stock market closed.
The steep drop in a short period of time did not even allow the management to come up with countermeasures.
Time stopped, and everyone stared blankly at the display screen of the exchange.
Why! ?
How could such a horrible situation occur? ?
I have seen a drop, but I have never seen such a severe drop.
"I will be a hero again in 18 years!"
A well-dressed white man in a suit stood on the building, with his arms open, as if he wanted to throw himself into the arms of the Lord. Perhaps he thought he was a bird with wings and wanted to fly high.
"Bang~~"
The human body jumped down from more than ten floors and hit the ground heavily, smashing a deep pit in the hard ground, and blood splattered everywhere...
No one screamed, because this scene was normal on Wall Street.
There are always people jumping off buildings every year, it's just more or less.
On Wall Street, jumping off buildings is normal.
New York is a paradise for the rich and a hell for the poor.
As the saying goes, if you love her, send her to New York, because it is heaven; if you hate her, take her to New York, because it is hell.
Now these people who have lost miserably have nothing left. They have lost everything. Living is a torture for them. They will be burdened with huge debts. Living is worse than death for them. In this case, it is better to choose to end it all. Just jump lightly and you can start all over again.
There is not only one person who jumped off the building, but also a line of people who want to jump off the building behind.
At this time, people on Wall Street are either queuing upstairs, walking towards the top of the building, or preparing to walk to the top of the building.
They have never seen such a brutal drop of 22.61% in a flash.
From the week of October 3 to 9, the Dow Jones Index fell 158.78 points, a drop of 6%. From October 11 to 16, the Dow Jones Index fell 235.48 points, or 9.49%.
That is to say, it fell 394.27 points in the previous two weeks.
Many people think that it has fallen to the bottom and will rebound next.
It is precisely because of this that a large number of hot money has been attracted to the stock market to chase profits and want to drive up stock prices crazily in the stock market to make profits.
But who would have thought that at the beginning of this Monday, it would give everyone a heavy blow.
In just one morning, the Dow Jones Industrial Average fell 508.32 points, from 2246.72 points to 1738.47 points, a drop of 22.6%, twice the drop on October 28, 1929, which triggered the Great Depression, setting a record for the highest drop in one day.
The number of points that the Dow Jones Index fell in one morning was 128.93% of the total drop in the past two weeks.
This also broke everyone's psychological defense.
Countless financial traders, financial managers and other financial professionals lost everything.
That does not mean that the market fell by 22.6% and their assets lost 22.6%, but that their positions were directly closed and they lost everything, and they were also burdened with a lot of debt.
