Everyone was like a cat on a hot tin roof.
Everyone was going crazy.
Everyone was running around like a headless chicken.
They tried to find buyers privately, only to discover that every single person was just like them—already deep in debt from buying steel futures.
Offline there was no way out, and online, prices in the steel futures market kept plummeting.
Every time someone thought they'd reached their psychological bottom price and posted an order on the futures market, they'd discover that tons of people had crashed at almost the same moment, all setting the same price, or even lower.
And then naturally, it wouldn't sell.
The futures market was different from the stock market—there was no such thing as closing. It operated 24 hours a day, non-stop.
By the time dawn broke outside, prices had already fallen to about 50% of their peak.
In other words, they'd dropped by half.
And this was only in half a day.
