Just when major European stock markets were in a mess, as the world's largest market value and most influential stock market, the New York Stock Exchange finally opened under the gaze of global investors.

Although many people already know that stock market crashes are inevitable at this time, they still feel lucky and hope that the US stock market can turn the tide and hold the global stock market that has suffered heavy losses.

But the facts make many people desperate. Even the world's largest stock market, the New York Stock Exchange is inseparable from this global stock market crash.

On October 19, at 9:30 am on Monday, Eastern Time, the New York Stock Exchange opened the market as before. As soon as the market opened, all investors who were concerned about the US stock market were desperate to find that the US stock market actually jumped off and opened low at nearly 100 points.

The US stocks that opened low in the gap did not have a little bit of excitement and counterattack in the next period of time. Instead, they continued to drop by 67 points in just a few dozen seconds after the opening. At this time, they can only describe the situation of the US stock market by slumping.

"Crash!" and "Stock Market Crash!" These two words that almost most investors are unwilling to mention have become the mainstream words on the New York Stock Exchange in an instant. Countless investors and traders are blushing and want to sell their stocks.

In this case, except for shareholders of large companies, no ordinary investor is willing to retain the stocks in his hands. Trying to sell the stocks in his hands and minimizing losses as much as possible is the most urgent thing to do at present.

The huge amount of selling orders instantly squeezed the trading system of the New York Stock Exchange. Even though the New York Stock Exchange has more than 200 advanced microcomputers, it is too late to deal with such huge amount of selling orders.

The performance of today's microcomputers is based on the N-core CPUs that are often N-core, and the performance of N-G memory is far inferior. The combined processing speed of these more than 200 microcomputers is not as good as that of a computer thirty years later.

With the huge number of purchases of selling transactions, the bulky old computer has become slower than the old cow puller. It is a miracle that it can keep it from going down.

But even if the New York Stock Exchange uses the most advanced microcomputer at present, it cannot save the market that has been swept by selling orders but not buying orders. Especially with more and more selling orders, the New York Stock Exchange's trading system is the first to be unable to hold on.

Less than an hour after the opening, the computer was slower than the actual trading speed by 20 minutes less than the actual trading speed; at noon, the designated instruction conversion system (DOT) in the computer system was about 75 minutes slower. Due to the insufficient capacity of the DOT system, 120 million shares of the 396 million shares transferred to the DOT system were not executed.

The lack of power in the trading system will undoubtedly make today's US stock market worse.

Then, this panic and system is not strong, causing more selling.

At this moment, another strange brain-dead person appeared in the United States, which has always been good at showing brain-dead people in critical moments.

This brainless person is David Luther, chairman of the Securities and Exchange Commission.

I don’t know if this brain-dead is really brain-dead, or if his brain is trapped in the door panel. Anyway, at such a sensitive moment, when the US stock market plummeted and investors urgently needed to build confidence to resist the stock market crash, the top leader of the US Securities and Exchange Commission actually made a speech that was unbrained in Washington at 1:09 pm.

“At a critical moment, although we don’t know when this critical moment will be at, I will discuss with the stock exchange temporarily closing the exchange.”

Just this sentence directly made the US stock market, which had already plummeted, feel like it had encountered a magnitude 12 earthquake.

Is the stock market crash terrible? It is absolutely terrible! But it is not the most terrible. The most terrible thing is that investors lose confidence.

Everyone knows that the stock market crash is just a collective panic among investors at a certain time due to various reasons, which leads to a short-term market crash. But as long as investors are still confident in the stock market, it is not very difficult to survive the stock market crash. But once investors completely lose confidence, the situation will be disastrous.

Why do investors have confidence in the stock market? That comes from many aspects. The first thing is that investors have confidence in the country where the stock market is located!

This is why in this era, most countries that opened stock markets were countries with strong economic capabilities. If you asked Somalia to open the stock market, if you asked Zimbabwe to open the stock market, who would invest in that kind of country!

This is a question of investor confidence.

The fundamental reason why the US stock market is the most powerful stock market in the world is that it is due to the strong US economy and strength, and countless investors have confidence in the United States.

But now, as the head of American securities trading, David Luther actually wants to consider closing the stock market at such a sensitive time, which is definitely a disastrous statement.

Your government has no confidence in itself, so why should we investors be confident?

In the stock market, closing the stock exchange and stopping trading is simply a more terrifying thing than a stock market crash.

In more than ten hours, the Hong Kong Stock Exchange will be closed for the first time, and the market will last for four days. On the surface, the market shutdown seems to be able to avoid this stock market crash, but in fact this is the most wrong approach. The stock market is a very pure place. Investing in such a place cannot rely on administrative orders, but on economic laws.

A stock market crash broke out here, and investors need to sell their stocks to reduce losses. As a result, you officials said that the market would be suspended if the market was suspended. Is that so great? Those investors who cannot sell stocks would not explode during the market suspension?

There was only six points of panic, but as a result, your market shutdown would artificially increase this panic to twelve points or even twenty points!

This is also the fundamental reason why the Hong Kong stock market plummeted 33% on the day after the market was closed for four days. Investors' panic was not only not vented during the market suspension period, but instead accumulated more and more. How could you open the market?

This is true for the Hong Kong stock trading market, and the New York Stock Exchange is the same!

Therefore, with David Luther's remarks, the US stock market, which could not hold on, was immediately like it had taken tons of laxatives, and fell directly to more than 250 points in just fifty minutes, and the entire market was in a terrible situation.

On the 58th floor of an office building less than 100 meters away from the New York Stock Exchange, Henry Williams and David Anderson were already a little numb, only Cesar and his eight subordinates were extremely excited.

On that Monday two weeks ago, Cesar's team closed all the positions that were originally long under the boss's tough request, and then started shorting. At that time, the US stock market's large-scale stock market was still around 2,650 points.

As a result, two weeks have passed, and the real-time points displayed on the market are now less than 1,700 points! The most important thing is that today, the Dow Jones Industrial Average has fallen by nearly 600 points!

Hundreds of accounts scattered in dozens of countries around the world control up to $2 billion in shorting the US dollar index. Under the influence of margin leverage, the funds were magnified dozens of times.

The most important thing is that these short positions were not established temporarily, but were built half a month ago, with the average position building point exceeding 2,600 points.

Now, the market has fallen to 1681.23 points, and the profits are already astronomical. Although they are not as profitable as those in the European stock market, they are also extremely considerable.

"BOSS, today is such an exciting day!" Cesar said excitedly. At this time, he was the leader of a simple trading team. His nationality and identity are equivalent to nothing for him now.

In his eyes, there are only points in the stock index and the profits and losses on the books. Of course, the profits earned have become very excited by now scattered in hundreds of accounts in dozens of countries around the world.

As a trader, profitability is the best compliment.

Henry and David are both perfect Americans. Although the Dragon Fund has made a lot of profits in this speculation and they can also reap a lot of dividends, as an American, they are not very happy now.

On one hand, there are crazy profits and on the other hand, there are huge losses from countless compatriots. They don’t know what to say now.

Although they are top investment experts, neither of them has experienced such a serious stock market crash. Especially the huge profits they make now come from their compatriots, which makes them even more aware of the tragic stock market crash and feel the pleasure brought by huge profits, but they don’t know which side they should stand in their hearts.

After a long time, the two main senior executives of the Dragon Fund have become numb at this time.

However, the numbness of them does not mean that Yang Jing will make them relaxed.

"David, inform your trading team and wait for my order after a while, and then start announcing the repurchase of shares, prepare them and wait for my order."

Hearing Yang Jing's words, Henry and David's eyes lit up. What does buying back stocks mean? It's very simple. Buying back stocks means that the boss has agreed to start saving the US stock market.

As long as the boss with a lot of money agrees to repurchase stocks, no matter which stocks it is, it will always bring some confidence to the market. And David also knows that he has up to $8 billion in repurchase stock funds. Even if it is just repurchasing the stock prices of twenty-seven companies, this huge amount of funds is enough to boost the stock prices of these twenty-seven representative companies.

Among these twenty-seven companies, except for emerging companies such as Microsoft and Oracle, most of the others are leaders in their respective industries. Whether it is Citibank or ****, or Coca-Cola, AT&T, General Motors, General Electric, Texaco, Exxon Petroleum, Aluminum, Pittsburgh Steel, United Pacific Railroad, Boeing, IBM, Westinghouse Electric, News Corp., Comcast...

All of these companies are leading companies in the industry, covering the most important industries such as banks, transportation, energy, minerals, grain, steel, automobiles, media, etc., and are definitely large-cap blue-chip stocks.

As long as the stock prices of these companies can recover, it will inevitably drive the market to rebound and will also bring huge confidence to investors!

What is rescue? This is rescue! Although it is very simple, the effect is the most effective!
Chapter completed!