Out-of-band reverse indicator-the second day of Churchill's stock market crash

Probably all the stock speculators have had more or less experiences of buying or falling or something. Some media also summarized the reverse indexes of several major stock markets, including CNPC. However, this is nothing more than Winston Churchill, who once had two British Prime Ministers. Not only did he buy anything, but it also fell, and the next day the U.S. stock market began to collapse, and then the most serious world economic crisis in history ......

Let me give a joke

Winston Churchill

"Success means continuous failure without losing confidence" (success is stumbling from failure to failure with no loss of enthusiasm). Churchill's famous saying is worth learning for most people, failure leads to success without losing the courage to move forward. However, the reason is that most people seem to be ineffective for a complicated group-Chinese investors.

Speaking of Chinese investors, I don't know how many other people have confidence in the stock market. I often hear from my friends who are doing stock trading: This stock market is not looking forward. I am a reverse indicator. How can I sell, increase, or fall. Probably all the stock speculators have had such experiences more or less. Some media also summarized several reverse indexes of the stock market, including CNPC. However, the author believes that this out-of-the-box reverse index of the stock market is definitely the one above -- Winston Churchill.

　　The great man of the "all-around" game

Churchill was once named by the BBC as the greatest British in history, and his halo is full of bright eyes. He is a politician and has twice served as the British Prime Minister. He is a speaker and has been listed as one of the top ten most convincing speakers in the world for nearly a hundred years by the American "Presentation" magazine. He is also a writer, his work "war not needed" also won the Nobel Prize for literature in 1953. He is also a painter, reporter ...... The "omnipotent" cool man was even a shareholder-but unfortunately it was a perfect reverse index of the stock market.

He himself had no doubt about Churchill's stock trading experience. He thinks this is not a glorious thing. However, his friend, American Securities giant Bernard baluck, unveiled Churchill's experience in his memoirs.

This Bernard baluck was a famous investment master in the United States, known as "people thrown out before the stock market crash". It can be regarded as Buffett and Soros of that era.

Churchill's stock trading experience will start with the UK election in May 1929. In this election, Churchill beat his opponent, but his party suffered a fiasco. Churchill had to quit his position as Minister of Finance and entered the lowest tide of his political career known as the "wild age. Churchill was deeply lost, so he took a cruise ship to travel to North America. After arriving in the United States, he received a warm reception from his friend baluk.

One afternoon, accompanied by baluk, Churchill, 55, visited the Wall Street stock exchange. At that time, it was the prime time of the Wall Street stock market that a flood of funds flooded into the U.S. stock market. It is no exaggeration to say that at that time, the U.S. stock market was definitely a paradise for investors, and it would be possible to earn money by almost investing in it.

In the bored world, or with some wealth of heart, Churchill entered the site to open an account. However, his first transaction was instantly pinned. This is what a comprehensive Churchill feeling is. Then he chose another British stock. He thought he knew the performance of the stock well and did not expect it to be covered. Churchill saw others making money. I don't know if it was self-esteem or not, so I went to buy other stocks. But what I see is that I bought one set and became a real reverse indicator. At the close of the market, he suffered a huge loss in his account.

　　What kind of sets do I have to pay?

At this time, baluck handed in a delivery order, and Churchill looked at it and wrote his name on the account that made money in every transaction.

Previously, baluk knew Churchill too well. He believes that the veteran might not be able to take advantage of the stock market, and ordered another account to be opened in the name of Churchill, and instructed the operator to perform reverse operations based on Churchill's account. If Churchill sells what he wants, he will buy what he wants. If Churchill buys what he wants, he will sell what he wants. As a result, Churchill did not compensate much.

"With his character and over-confidence, most people will cut meat after being put into bed, so as to find money to aim at new goals, so most of the end is a vicious circle until the loss ends ." This section outlines a vivid reverse indicator image.

　　Coincidentally, the market time for the out-of-the-box reverse indicator

However, you don't think that's enough. Churchill can only calculate a qualified reverse indicator. The reason why I say that he is a reverse indicator of the peerless generation is that the day that Churchill entered the market was in October 23, 1929.

Maybe you don't understand the meaning of this day, but Thursday, October 24, 1929, is too important. Because the day of the 24 s is the first day of the big panic, that is, the first day of the collapse of the U.S. stock market in 1929.

On that day, the Wall Street stock market traded 12894650 million shares, and many of them sold at a low price, enough to make all the hopes of its holders burst. It is said that 11 people killed themselves in an hour after the U.S. stock market was out of control at that day.

In the October 29 s, another more than 16 million of the stocks were sold in a day, and the average prices of the 50 major stocks fell by nearly 40%. It is said that a messenger suddenly wanted to open a ticket at a price of $1 per share. As there was no purchase, it was still closed. At that time, the stock market went through grief and it was not until 1954 that the U.S. stock market had recovered to its 1929 level. Since then, the great depression that has continued to spread across the world, even the Nazi problem and World War II can all be seen as the beginning.

As for Churchill's stock, he lost all the funds in his account on the day of the 24 th. Fortunately, he did not put all his money into the market with a play ticket. However, his stock trading technology is so bad that he can grasp the precision at the time of entry into the market. It's really the best reverse indicator in history.

　　The story of Churchill stock trading is written at the end. I want to say that I have never heard of such a creature. This kind of creature has never been heard of or seen before.