《股票作手回忆录·第九章·1907大恐慌·做空封神》第18节
He said, “My God, Larry! I don’t know what’s going to happen. I never saw anything like it. It can’t go on. Something has got to give. It looks to me as if everybody is busted right now. You can’t sell stocks, and there is absolutely no money in there.” “How do you mean?” I asked. But what he answered was, “Did you ever hear of the classroom experiment of the mouse in a glass-bell when they begin to pump the air out of the bell? You can see the poor mouse breathe faster and faster, its sides heaving like over-worked bellows, trying to get enough oxygen out of the decreasing supply in the bell. You watch it suffocate till its eyes almost pop out of their sockets, gasping, dying. Well, that is what I think of when I see the crowd at the Money Post! No money anywhere, and you can’t liquidate stocks because there is nobody to buy them. The whole Street is broke at this very moment, if you ask me!” It made me think. I had seen a smash coming, but not, I admit, the worst panic in our history. It might not be profitable to anybody--if it went much further.
注释摘要
这段对话发生在1907年金融恐慌达到沸点的时刻，地点在纽约证券交易所里的那个“资金拆借池”。我们先把这个池子讲清楚。 当年交易所里的资金拆借池，是一个物理空间，就在交易大厅里，围着一根柱子或一个柜台，专门给各家券商调剂每日的头寸。那时候的券商借钱炒股是家常便饭，他们把手里的股票抵押给银行，借出隔夜或短期的钱来维持仓位，这叫通知放款。每天到了下午交割时间之后…