Li Xin took a sip of milk and then continued: "The increasing number of bankrupt enterprises will lead to more and more unemployed people. People who have no income naturally have no way to pay the mortgage, and the mortgage is cut off. Then it affects the safety of bank loans, and the risk of the bank appears. The investment products that the banks packaged and sold also went wrong, and the investors who bought these investment products, other banks, and securities companies also had financial problems. It's like dominoes, the mortgage is the first card, and once the first card falls, the chain reaction can't be stopped. These big securities companies and banks that we now see on TV are just the tip of the iceberg, and they are followed by thousands of unemployed and bankrupt small and medium-sized enterprises. ”

"It seems that this situation really can't stop for a while. ”

"Definitely, you can see that the drop in the Dow Jones last night is already telling. ”

"Then you don't want to close the position in your hand?"

"Now the opportunity is just right, I can't play. Leave this alone, I'll take care of it. ”

"How much profit do you have on your position now?"

"It's probably more than 200 million. ”

"I've made so much money again!"

"Yes, I think copper prices will continue to fall, and they can continue to hold for a while. ”

"Hmm. ”

Hearing this, Xia Xiaona looked at the watch on her wrist, and realized that it was not early. She said: "You can really talk, listening to you talk about this has passed so long before I know it, I can't go to work." Eat it yourself, I'm going to work. After saying that, she hurried to the living room, put the small bag on the sofa on her shoulder, and went out to work.

After Xia Xiaona went out, Li Xin saw that the time was nearly 8:00, so she hurriedly went upstairs to the study and turned on the computer, waiting to see the opening of London copper prices this morning.

At 8:00, the London copper price opened at $5,200, which is $160 lower than yesterday's close of $5,360, which is down 2.98%.

Li Xin thought happily in her heart: I just said that the London copper price will definitely fall sharply with the Dow Jones Industrial Index as soon as it opens this morning!

This was just an appetizer for the opening 2.98%, and in just two minutes, the London copper price continued to fall sharply to $5,050, and the decline expanded to 5.78% in an instant.

You must know that the London copper price began to fall from $8,940 on July 2 this year, after two and a half months of continuous decline, the price fell to $6,780 on September 18, and the biggest drop in the day was only 4.9% in such a long period of time.

On September 19 and September 22, London copper prices rebounded sharply by about 3.9% per day, rising from $6,780 to $7,333, and on September 23, London copper prices began to accelerate from this high, until they fell to $5,360 yesterday, October 9. This wave of declines is shorter, faster, and has more room to fall.

But even so, during the decline from September 23 to October 9, the largest intraday decline was only 7.2%, which was the largest drop recorded on October 6 three days ago.

But today's downward trend is even more ferocious, just two minutes after the opening, the decline has been close to 5.78%, in such a rapid downward trend, as time goes by, it should be possible that today's decline will exceed the 7.2% decline on October 6.

Over time, London copper prices began to oscillate back and forth at the bottom, and by 8:35 a.m., the decline in London copper prices had gradually extended to 6.5%.

Unless there is shocking good news immediately today, it is almost impossible for London copper prices to recover such a decline in just over 20 minutes before 9 a.m. after such a large decline.

Looking at the trend of copper prices in London, Li Xin now almost dares to conclude in his heart that copper prices will definitely fall sharply after the domestic futures market opens at 9 o'clock this morning, and the only question that needs to be considered now is how big the decline will be?

At 9:58 a.m., the decline in copper prices in London recovered 5.8%. In this way, at the critical moment when the domestic futures market opened close to 9 o'clock, the decline in London copper prices narrowed a little bit, and the trend of London copper prices still had some scruples about the copper price trend after the opening of the domestic futures market today.

Li Xin is now quietly waiting for what will be the result of the call auction of domestic futures copper after a minute after a day of suspension of trading?

At 9:59, the call auction of futures copper prices came out, which was opened at the fall limit of 43,890 yuan, a sharp drop of 1,830 yuan compared with the previous trading day yesterday, a decrease of 4.0%.

"Damn, that's great!" Li Xin was so excited that she almost jumped.

Such a trend shows that yesterday's suspension of trading by futures exchanges in the global market has not stopped the decline in copper prices at all. Because yesterday's news of the bankruptcy of large Wall Street conglomerates and the sharp fall in the Dow Jones index further exacerbated the downward trend in the market, in this case, the power of shorts will be even greater. This short-selling power includes both opening orders from the short side and selling and closing orders with multiple stop-loss exits.

Under the influence of these factors, especially the desperate flight of the bulls, it is likely to cause a stampede. This is the fundamental reason why there is no buying after the futures exchange makes this move to intervene in the price.

Like Li Xin, there were two other people who sat in front of the computer at 9:00 in the morning and waited for the futures market to open, one was Xue Chenzhi and the other was Zheng Guorui.

When Xue Chenzhi saw the result of falling again, he secretly said in his heart: "It's over!"

Originally, after three consecutive price limits in copper prices, Xue Chenzhi had completely lost confidence. However, yesterday's suspension of trading on the futures exchange made Xue Chenzhi feel like a drowning man inadvertently grasping the last straw, and a glimmer of hope sprouted in his heart.

Although yesterday's conversation with Zheng Guorui hit him quite hard, and he also thought that Zheng Guorui's statement was very reasonable, he still had a trace of luck in his heart.

But now this last bit of luck has been completely shattered.

Today's copper price results make two very real problems in front of Xue Chenzhi.

First, after the copper price appears again with a falling limit, no one can say to what position it will fall to.

Second, the last hope of the Southern Group has been dashed, and it is now equivalent to complete bankruptcy, and it is only a matter of time before the bankruptcy procedure will be carried out.

Xue Chenzhi, who was as dead as a dead heart, didn't have the heart to look at the copper price that was pressing on the falling limit board at all, his eyes crossed the computer screen, looked at the familiar but unfamiliar office in front of him, and recalled the familiar and unfamiliar Southern Group in his mind like a slideshow.

He has been working in this group of companies for almost 30 years, and his youth has been spent here. He had witnessed the group grow from weak to strong, and everything that had been in place was as familiar as if it had just happened yesterday.

But just two or three years later, the original giant Southern Group has actually fallen into the current situation of bankruptcy, all of which makes him feel very strange.

Zheng Guorui, who was also sitting in front of the computer screen watching all this, also had mixed feelings in his heart.

The only thing he is happy about is that he thinks his judgment of copper prices is quite accurate.

Not to mention anything else, Xue Chenzhi, as the chairman of the board, thought that the price of copper would rise yesterday, but he told him that the possibility of copper prices rising was very small, and the possibility of falling was greater.

But what made him feel a little regretful was that he himself had felt that his judgment of copper prices was actually quite accurate, but he didn't have the courage to express his true thoughts like Li Xin.

Yesterday and recently, the fundamental reason why I dared to say my true thoughts in front of Xue Chenzhi and others was that I felt that the Southern Group was hopeless. If you tell the truth at this time, Xue Chenzhi, who is already unable to protect herself, can't do anything to herself.

In Zheng Guorui's view, although Li Xin's resignation two days ago was a little impulsive, judging from the trend of copper prices and the current situation of the Southern Group, his resignation is actually very wise, and it is better to leave late than early.

What Zheng Guorui has to think about now is what he should do next, there is definitely no future for him to continue to stay in the Southern Group, but the question is where can he go next?

I originally thought that I had worked hard to get into the position of the head of the finance department of the Southern Group, and I could stay peacefully until retirement. But I didn't expect the ship of the Southern Group to sink in an instant, and now I have to find a way out of the workplace from scratch when I am middle-aged, which is really sad to think about.

Zheng Guorui now looks back and thinks about it carefully, the peak period of the Southern Group was actually the time when it merged with the sugar company. Since then, the Southern Bloc has been gradually declining.

And Li Xin only entered the Southern Group after the merger of the sugar company, this person is indeed a little unruly, but what is commendable is that he dares to tell the truth at a critical moment, and can say it on the point.