1928: The rise of giant merchants

No matter how unwilling these people are to face it, what is supposed to come will still come.

For many ordinary Americans, October 24, 1929, was just an ordinary Thursday.

They got up and had breakfast as usual, read newspapers, and talked about domestic and foreign news. They occasionally mentioned the recent landslide in the U.S. stock market, or some of the mentally retarded behaviors and remarks of the new President Hoover.

Even speculators trapped in the whirlpool don’t think there is anything special about today.

Anyway, the stock market has been in bad shape for so many days, and the White House and banks' rescue efforts are unnecessary. What's more, it's the flight of a large amount of capital, and the leeks that were harvested before they could figure out the situation.

Of course, there are also people who are waiting and watching, looking forward to a strong rebound in the stock market, or taking advantage of the bottom to stop losses.

Kong Xiangxi and Qiaojiao Sassoon belong to the latter.

They are people who have seen the world and made a lot of money. What kind of scenes have they not seen?

The collapse of the New York Stock Exchange is still within an acceptable range. After all, the market closed yesterday and the Dow Jones Index still had 230 points.

As long as you don't think about it falling from a high of 390 points, you won't feel distressed or outrageous.

Sassoon used his rich experience to tell Kong Xiangxi that when the stock market bottoms out, it will never fall by more than 50%. In other words, if it falls to 390 points, it will start to rebound strongly when it reaches around 200 points at most.

The stock market has always been like this, with bull markets and bear markets alternating, with several big waves of leeks harvesting in between. As long as you resist the risks, you will always become a big winner in the end.

Kong Xiangxi's own experience is the same. If it falls again, can it still fall below the 200-point mark?

You must know that ten years ago, in 1919, the U.S. stock market had a Dow Jones Index of nearly 200 points.

If the stock market falls below 200 points, wouldn't it mean that the world's great powers, which made their fortunes through the First World War, would go back ten years in economic development once they returned to pre-liberation?

It's impossible even if you think about it.

The majority of people hold this view.

Including those senior officials who criticized Fang Qiu in the White House, they were just worried that the stock market crash would affect their future political performance and promotion.

But the negative impact of the collapse of the U.S. stock market far exceeded their imagination.

In the early morning, in order to witness this historical moment, Ye Luo woke up early and put a red handprint on Lin Ruxian and Huixin's tender buttocks to wake them up from their sleep.

Last night was crazy, but the two women's bodies were still soft and tender. They had no choice but to get up and put on their clothes and follow him to the New York Stock Exchange.

"No, wear something nice and formal today." Ye Luo looked at their outfits and was very dissatisfied. He pulled over two fishtail tight-fitting off-the-shoulder evening dresses that he just bought yesterday, one black and one white, and told them to hurry up. Put it on.

Shi Jianqiao, Xu Wenqiang, and Situ Feifei also changed into formal attire, especially Shi Jianqiao. Before, he was either in practice clothes or cheongsam, and this was the first time he wore a dress, so he always felt very awkward.

At the door, Huo Tingen, who came out of the Marine Corps barracks, also arrived.

The group of people set off in great force. Although several people were not sure what happened, the second young master rarely made such a grand event, so it must be a very important moment.

There were more people lining up outside the New York Stock Exchange today. Speculators were still fighting for their lives. They were trapped in the vortex of the stock market and had no way out.

To withdraw at this time is equivalent to letting them go to the rooftop.

Only by keeping money involved can there be any hope of making money back.

As soon as the doors of the New York Stock Exchange opened, crowds poured in like a torrent.

Ye Luo and others walked in from the VIP passage, avoiding the angry speculators with red eyes.

"How is Liu Xuenong's matter handled?" Ye Luo asked in a low voice.

Xu Wenqiang replied: "The old man's people helped me a little, and it's all over. It's over in the Republic of China."

"Don't worry about it there. After today's news is sent back, they will know what the situation is."

Ye Luo waved his hand,

"Have all the files of Hongxing United Group been cleared?"

"Well, we have checked it many times, and there will be no problem." Xu Wenqiang knew how much impact it would have on Ye Luo if he left the tail of his hand, so he patted his chest to assure himself.

"By the way, Second Young Master, Liu Xuenong has a father who shines shoes in Chinatown. He is almost sixty and now he is looking for his son everywhere like crazy." Xu Wenqiang hesitated for a moment and then asked his only question.

The choice is at hand.

"If the second young master is undecided, our Hongmen can handle it for you." Situ Feifei leaned closer in a low voice.

Huixin held his arm, her eyes bright, and she obviously had no complaints about helping Ye Luo do such dirty work.

"Keep an eye on him, and forget about it if nothing happens." Ye Luo sighed.

After all, he is not someone easy to kill.

It is the style of the principal and others to do whatever it takes to achieve their goals, and he cannot become like that.

"I know." Xu Wenqiang didn't want to do anything to a simple old man. Whose parents weren't like that?

After this little incident was revealed, everyone rushed into the VIP room, which shocked Gwen, who was wearing sexy clothes.

She had been thinking about how to seduce Ye Luo recently. She finally made up her mind, changed into the hottest clothes, and prepared for an accident in the bathroom, but she didn't expect Ye Luo to come with so many people!

"This ghost girl is interested in you." Lin Ruxian looked at Ye Luo with a chuckle, "My brother is so popular everywhere."

"There's nothing I can do." Ye Luo laughed, holding her in his arms and sitting on the sofa.

Not long after, the New York Stock Exchange opened.

The speculators on the trading floor stared at the big blackboard, trying to confirm today's stock market conditions, and then screamed as if they had heard a ghost story!

“Is this the wrong data posted?!”

"Oh my god!!!"

"The Dow Jones opened at only 202 points? Didn't it close at 230 points yesterday?"

"Look, look, stock. Stock price!!!"

Edward, who was sitting on the second floor, was still worried about Liu Xuenong's disappearance. No matter how much he checked, he couldn't find out. His connections were blocked in New York, and it seemed that someone was causing trouble.

At this time, he no longer understands stocks, but he also knows that today's stock market is a little different.

"Hey, what happened?" He pulled over a speculator and asked.

thump--

The speculator fell to the ground before he could speak.

The bills in his hand were scattered all over the floor.

Edward reluctantly picked up one and found that it was printed with the trademark of Montgomery Mary Ward Co., which is the largest department store in New York and one of the famous high-priced stocks on the New York Stock Exchange.

He looked down.

It didn’t take long to find the stock on the big blackboard.

$83?

Isn’t this price quite normal?

It is a bit too low for a high-priced stock, but after falling for so many days, many high-priced stocks are less than $100.

But just a moment later, Edward called for someone to take the unconscious speculator to the hospital, and then he looked up.

Mongo Marie Ward's stock price has fallen to $72.

Damn it, wasn't it just a few minutes?

Edward realized something was wrong and led people to the first floor.

At the trading window on the first floor, Mongo Marie Ward's stock price became $64.

All stocks are like this, falling almost at a speed visible to the naked eye!