Chapter 959 Information Delay
Author: Khurav
Whether it is Carter or the traders in the eye of the storm on the front lines of New York, their thoughts are extremely simple.
None of them thought about what kind of tricks they would do at this time. But if they don't burn it, it doesn't mean that others don't burn it. In fact, it's not people who are burning it!
When the Chicago Mercantile Exchange sold a large number of stock index futures contracts at the opening, the New York Stock Exchange quickly followed suit after a moment of sluggishness. At first, the fluctuations in the stock market were relatively normal, but that push pushed almost everyone into the abyss.
But it appeared in the futures market!
New York and Chicago, the top two financial cities in the United States, invariably sold large amounts of stock index futures, and looked at the massive selling in the market, but not many buying.
The stock market is also panicking!
In just one hour, Carter watched helplessly as the Dow Jones Industrial Average dropped 67 points. On average, it dropped one point in less than a minute.
Such a rapid decline made Carter hesitate to issue a closing order, and he couldn't help but feel a sense of ecstasy in his heart.
This sign, this trend.
The taste is so good!
Look at this speed!
In the first trading week of October, the five trading days only saw a total drop of 158 points! In the second week, it had already dropped 235 points, and on the 16th, it dropped more than 100 points in a single day! And now on the third day
Three weeks later, on the first day and in the first hour, it fell 67 points.
It is doubling and accelerating and falling, just like a roller coaster that is constantly accelerating and diving. Its speed will only get faster and faster!
And this also means that the opportunity for the stock market to plummet, which I had planned to give up waiting for, seems to have appeared!
However, this joy came and went quickly.
"Boss, we have bad news! My computer just showed that there was a successful transaction twenty minutes ago!"
"What?!"
"I'm afraid the current situation is a bit out of control! There is a serious information delay in the processing of transactions by the New York Stock Exchange's computers! Colleagues at the scene said that they have seen ATT cars arriving at the entrance of the New York Stock Exchange."
"Is it affected by the wind disaster? Is there a cable failure?"
Carter expressed his understanding of the transaction happening on Chris's side. After all, before he formally issued the order to suspend and close positions, some orders were still sent out.
Carter didn't care about such trivial transactions.
When Carter heard about this new situation, Carter's first reaction was disbelief!
In an exchange that competes against time, a two-minute delay in information transmission is a fatal matter, let alone a twenty-minute delay?!
"That's not right. If the cable is broken by the wind, no, it's impossible! The signal cables of the New York Stock Exchange are buried underground, and they are almost unaffected by storms!"
"Oh! Okay, I know! I will report to the boss now. Boss, you are right! Tru just called and said that the people from ATT said that the signal cables were all normal after maintenance. They doubted whether it was the New York Transit
There is a problem with our computer system! IBM engineers are on their way here urgently."
The voice on the other end of the phone paused slightly, and then rang some bad news:
"Take advantage of this time, boss, there are still some situations. I don't know how much time delay there is on your side, but if possible, I hope you can come back now."
"Relying on market data alone may no longer reflect the actual situation. Just now, Trudeau received news from the New York Stock Exchange that there are currently 95 blue-chip stocks in the S&P 500 constituent stocks, and none of them have been traded. Not even one of them has been traded.
No one is willing to buy their stocks! This already accounts for 30% of their index! Among the thirty constituent stocks of the Dow Jones Industrial Index, 11 have not been traded!"
"Oh! Sheite, I saw it had only dropped by 13, but you told me that it has dropped by 49 now?! Oh my God, I"
Just when Chris was announcing this, and Carter didn't know whether to say it was good or bad news, another loud roar suddenly came into the receiver.
"Browning! Can you please keep your voice down? I'm reporting to my boss!"
"You're reporting nonsense now! Look at me, all the prices I'm showing are wrong! Just now, an old friend of mine called me to consult on countermeasures. He told me that General Electric's stock price has fallen.
I paid 49 US dollars, but look here, it’s only 13. Oh my god, it’s 15 now! What an amazing improvement!”
"We are still in New York, and this situation has already happened. No matter how much you talk to the boss now, what's the use? All the information we have now is inaccurate!"
Haze instantly covered Carter's face
A sharp fall in the stock market, or even a sharp fall, should be a good thing for Carter. But when it falls like today, there are many situations.
Information was delayed, many constituent stocks were unable to trade at all, and even price updates were out of order.
When single stock prices showed such a strong error, Carter instantly realized that he had spent a lot of money to install several sets of tracking equipment in a weekend, and all of them had become decorations!
"Let me take a look at the gift crab, boss! I'm afraid you really have to come back and take charge. The current situation has exceeded all of our expectations! To be honest, I don't know what to do."
"Do you have to wait any longer?"
"Wait a little longer. Let's wait for the news from Mr. Tru first to see what's going on with this situation?! It shouldn't be. This kind of low-level mistake has never happened in the New York Stock Exchange before! In addition, I also need to call
A few phone calls”
"Okay, then I'll wait for your news!"
After hanging up the phone, Carter picked up another phone without stopping.
Today, the U.S. stock market plummeted, and even a large number of stocks failed to find a buyer, causing the market to panic. But in the final analysis, this has little impact on Carter! Even on the contrary, the more this happens, the more he earns.
many!
But don’t forget where you are now?!
Perhaps only a pure short-seller like myself would be ecstatic at this moment!
For most people, most institutions, and even the federal government, this is not what they want to see! As long as I want to stay here in the future.
As Carter said, even after a full meal, Carter can still manage!
It's almost okay, it's too much and it's easy to drive a convertible.
Carter doesn't want to suddenly have an idea!
But just as Carter picked up the phone, a phone rang at the right time.
"Hello? Who is this?"
"It's me, George! Thank God you're still in Arlington! Hurry, hurry! Come to the White House right now!"
".Okay, I'll leave right away!"
After a slight hesitation, Carter gave up his plan to rush back to New York. In other words, at this point in time, he would not be able to move back to New York for a while.
Affected by the storm, many flights were grounded, and I didn’t book a private jet today. Who knew that something like this would suddenly happen today?!
"Okay, Mr. Howard Baker and I will wait for you at the gate of the White House!"
Chapter completed!