Wednesday, October 21, 1987.

Exchange-listed companies regained some confidence as Bankers Trust said it would insure clients' funds under any circumstances, thanks to strong intervention by the U.S. government and the Federal Reserve.

Therefore, shortly after the opening of the New York Stock Exchange, G.A.F bought back $7 million, or about 21% of the company's stock.

At the same time, suddenly a large amount of funds entered the stock market and swept stocks in large quantities.

Unlike G.A.F’s purposeful repurchase of its own company’s stock, after this money entered the stock market, it seemed to sweep the stock market without a clear purpose—Wal-Mart, Exxon Mobil, Apple, Berkshire Hathaway , McKesson, AmerisourceBergen, Chevron, General Electric, Telegraph and Telephone, Coca-Cola, Westinghouse, American Express, Boeing, Costco, Kroger, Amazon, Walgreens Boots United, Hewlett-Packard Corporation, Cardinal Health, Microsoft, Pemex, PepsiCo, Intel...

This amount of funds is extremely huge, so huge that it must be more than 20 billion US dollars.

Companies targeted by this fund will, at least, be acquired about 5% of their shares. Companies with low stock prices such as Wal-Mart, Apple, Microsoft, Intel, and PepsiCo will be wiped out by this fund. Entered more than 15% of the shares!

This amount of funds is like a torrent, rushing out a bright gap from the overwhelming black mist spread by "Black Monday"!

Just when this fund was about to decline, several large sums of funds entered the stock market to buy stocks one after another.

Immediately afterwards, about 650 companies publicly announced that they would repurchase their own shares in the open market, and even large companies such as Ford and Honeywell directly went to buy back their own shares.

The move of these large sums of money sweeping the stock market, as well as the large-scale repurchase behavior of listed companies, had a very positive effect on the stock market-the purchase of a large number of stocks in the next day can prove more than any other behavior, and the actual credit of the companies whose stocks were purchased is far from Much higher than the stock price reflected in the stock market.

These actions undoubtedly gave a boost to the weakened Wall Street, causing the Dow Jones Index to rise from 1,717 points to 1,966 points on October 21 alone. It has risen by two hundred and forty-nine points.

Such a big recovery has even brought a glimmer of hope and a glimmer of illusion to those indebted debtors immersed in grief-is the stock market crash coming to an end?

Is the disaster really coming to an end?

How is it possible——During the stock market crash, nearly 1,600 stocks plummeted by about 30%, and some even fell by one or two times. The stock prices of a small number of companies have rebounded a bit. How can it be possible to completely eliminate the impact of the stock market crash?

You must know that the people who directly engage in stock investment in the United States account for about a quarter of the country's population, and these people are basically distributed in the age group with the strongest purchasing power. People who live by profit are hit hard.

The potential threat of the stock market crash to the U.S. economy is actually concentrated in the field of investment—the U.S. business community needs to rely on foreign capital to expand investment, and the government also needs to use foreign capital to make up for the fiscal deficit. In the first half of 1987 alone, foreign capital bought about 200 billion US dollars of stocks on Wall Street. In the stock market crash, the vitality of foreign capital was severely damaged, and their confidence was seriously frustrated.

Not to mention foreign capital, even domestic investors in the United States have lingering fears—many companies are afraid to issue new shares due to the decline in stock prices, and the expansion of production of some companies has been restrained. Some people estimate that by next year, US business investment will be reduced by about 25 billion US dollars, and the slowdown in production growth will be a foregone conclusion.

The greatest harm of the stock market crash to the U.S. economy is the vote of no confidence—the decrease in business investment has exacerbated the unemployment of workers and severely reduced the living standards of many Americans, which in turn will definitely cause serious social problems.

...

Biltmore Estate, the largest private estate in the United States.

At this moment, important figures from the four major American families and ten consortiums are holding a ball in this manor—not only important figures from the Texas Consortium, the Boston Consortium, the Chicago Consortium, the California Consortium, the First Citibank Consortium, the Rockefeller Consortium, the Morgan Consortium , DuPont consortium, Mellon consortium, and Cleveland consortium also had important figures participating.

This dance was nominally to help Xu Cun celebrate his birthday, but in fact it was to celebrate that group of people made a lot of black-hearted money in this stock market crash.

As for why people from the Rockefeller, Morgan, DuPont, Mellon, and Cleveland consortia also came, Xu Cun really didn’t know why, because all the guests at the ball were the hosts of the ball, Bush Jr., Bill Invited by Francis Adams, John F. Kennedy Jr., Howard Roosevelt.

Bush, Bill Francis Adams, John Kennedy Jr., and Howard Roosevelt not only helped Xu Cun arrange guests, but also helped Xu Cun arrange a dance partner, a part-timer who is currently hesitating whether to study law or become a full-time model Model - Monica Bellucci.

Monica Bellucci is not American, but Italian.

Appearing in New York, Monica Bellucci was also very surprised-Monica Bellucci was born and raised in a small Italian village called CittadiCastello, where her father lived in There is a trucking company running there. At eighteen, Monica Bellucci entered the University of Perugia with plans to study law. In order to raise tuition fees, Monica Bellucci started working as a part-time model in her spare time.

But what Monica Bellucci didn't expect was that she, who originally aspired to be a lawyer, went further and further on the road of modeling, so that she never had the chance to return to her law class.

actually--

Monica Bellucci doesn't like modeling very much.

But what makes Monica Bellucci difficult is that she doesn't know how to give up her current career as a model, which looks very promising, and bet on a career as a teacher, which has a less promising future, right?

At this time, Monica Bellucci was first asked a very private question, and then participated in an inexplicable selection.

Afterwards, after some competition, Monica Bellucci, who successfully qualified, received a lire equivalent to two hundred thousand dollars, and was sent to the Biltmore Manor by a private plane from Perugia, Italy.

Since then, Monica Bellucci has become Xu Cun's dance partner.

...

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like