Western reporters would use terms like "avalanche" and "meltdown" to describe what began when the trading computers went on-line. The process appeared to be orderly. The large commercial banks, married as they were to the large corporations, sent the same depositors' money that came in the front door right out the back door to protect the value of corporate stocks. There was no choice, really. They had to buy up huge portfolios in what turned out to be a vain stand against a racing tide. The Nikkei Dow lost fully a sixth of its net value in one trading day, and though analysts proclaimed confidently that the market was now grossly undervalued and a huge technical adjustment upward was inevitable, people thought in their own homes that if the American legislation really became law, the market for the goods their country made would vanish like the morning fog. The process would not stop, and though none said it, everyone knew it. This was especially clear to the bankers.

On Wall Street, things were different. Various sages bemoaned the interference of government in the marketplace; then they thought about it a little bit. It was plain to see, after all, that if Japanese automobiles had trouble clearing customs, that if the popular Cresta was now cursed with a visual event that few would soon put behind them, then American cars would sell more, and that was good. It was good for Detroit, where the cars were assembled, and for Pittsburgh, where much of the steel was still forged; it was good for all the cities in America (and Canada, and Mexico), where the thousands of components were made. It was good, further, for all the workers who made the parts and assembled the cars, who would have more money to spend in their communities for other things. How good? Well, the majority of the trade imbalance with Japan was accounted for in automobiles. The sunny side of thirty billion dollars could well be dumped into the American economy in the next twelve months, and that, quite a few market technicians thought after perhaps as much as five seconds' reflection, was just good as hell, wasn't it? Conservatively, thirty billion dollars going into the coffers of various companies, and all of it, one way or another, would show up as profits for American corporations. Even the additional taxes paid would help in lowering the federal deficit, thus lowering demands on the money pool, and lowering the cost of government bonds. The American economy would be twice blessed. Toss in a little schadenfreude for their Japanese colleagues, and even before the Street opened for business, people were primed for a big trading day.

They would not be disappointed. The Columbus Group turned out to be especially well set, having a few days earlier purchased options for a huge quantity of auto-related issues, and thus able to take advantage of a hundred-twelve-point upward jolt in the Dow.