Chapter 20: The Longest Day (6)

When the time for the market break came, everyone breathed a sigh of relief, even if it was only for an hour.

At the Da Mo headquarters in the World Trade Tower, the trading floor was dead silent, and even people who went out were light for fear of making a little noise. Sargent, the head of the trading department, was crying and staring at the numbers that appeared on the board, a little overwhelmed.

The tens of thousands of orders he holds have already lost hundreds of millions of dollars, which is far beyond his authority, and he has no choice but to report to the managing director, at this time Da Mo has to think about tomorrow's settlement.

Jim, the managing director in charge of the derivatives department, also had a sad face, walking back and forth in the spacious office, and after half a day, as if he had made up his mind, asked Sargent in a deep voice: "What do you think the situation will be in the afternoon?" ”

Within Da Mo, there are also factional struggles. The investment banking department and the sales and trading department have always been at odds, and the bigwigs of the two factions are also fighting openly and secretly, but these two departments are the most profitable departments, and the top management has a happy attitude towards this kind of competition among their subordinates.

However, if the trading department loses so much this time, it will definitely not be able to raise its head in front of the investment banking department, and Jim's mind has such a very likely scene.

The current situation is that Da Mo has shorted part of the stock market, but it is far from profitable enough to make up for the loss on the futures index.

"I think there should be powerful people who will come out to speak, even Mr. President, this is clearly a repeat of the stock market crash of 1929!" Sargent looked down and thought about it, and said with some uncertainty.

"What if not?" Jim frowned, his tone equally full of doubt.

"Those foreign funds don't just watch their money go up for naught, do they? There are so many listed companies, and they will not ignore the plunge in the stock price of their own companies! I think they will announce a share buyback soon! At this time, Sargent only thought about making up for all the losses, and he was already a little unscrupulous.

What he said will soon follow, and just a few minutes later, about hundreds of listed companies announced share buybacks, which did inject a shot of strength into the capital market.

"Our position is so big that we don't know how to close it!" Jim sighed and said with some gloom, "Just do what you say!" If we are finished, it can only be God's will! ”

At the same time, a few blocks away at Goldman Sachs' headquarters, the trading department was jubilant, with young traders throwing their supervisor, Goldman Sachs senior partner Ed, into the air.

"We made about $300 million!" A disheveled trader shouted frantically, and his voice immediately caused another earth-shattering cheer from the traders.

"Good job, boys!" Eddard, who had just come down from mid-air, took a deep breath and said to everyone with a big wave of his hand. "Keep up the good work in the afternoon, and everyone will get a big bonus at the end of the year!"

His words caused another round of cheers from the crowd.

These two very different scenarios are happening to every market participant. At this time, whether on the East Coast or on the West Coast, whether it is a public fund or a hedge fund that is only open to the private sector, whether it is the chairman of the Federal Reserve, Alan Greenspan, or ordinary citizens who have invested only a few thousand dollars in the stock market, they are all worried about the volatility of the capital market.

This is no longer just a matter for investors, but a major event that is very likely to affect the entire American economy, and even the Shijie economy.

Even in several major countries in South America, the capital markets of Brazil and Mexico have fallen sharply and cannot be immune.

Pulling a hair and moving the whole body is the most haode portrayal!

Zhong Shi, who was far away in Hong Kong, looked sleepy, and was dozing off with his head drooping, while the Liao father and son and Andrew next to him looked at him with an incredible look and couldn't help nodding his head, and no one thought of disturbing him.

With the collapse of the stock market and the futures market, Zhong Shi's short orders kept making profits, and in just three hours, he made nearly $300 million, plus all the money in his original account, he already had more than $400 million in capital. 400 million US dollars, which is 3 billion Hong Kong dollars, which made the three of them a little dumbfounded.

In this year, Li Ka-shing and his two major listed companies have a market value of only tens of billions, and according to Superman's shareholdings, their net worth is only tens of billions.

Does this mean that Zhong Shi's current net worth is worth the hard work of others for a lifetime?

"Huh? Is it over? Zhong Shi suddenly felt the silence around him in his sleep, which made him very unaccustomed, and he woke up instantly, and was stunned for a while before remembering that today was "Black Monday".

"It's not over, the market is closed at noon!" Andrew said respectfully. By "noon" he meant American time, and now it's midnight in Hong Kong.

"Oh, so? What happened to the futures market? Zhong Shi tilted his head and thought about it, and he understood a little, there is still the second half of the dare to love!

"Plummeting, now that you have more than $400 million in your account, do you need to close some of them?" Liao Xiaohua hurriedly replied that for these highly leveraged investment tools, he has truly seen the huge power.

"Let's see, wait until the day is over!" Zhong Shi blinked, and said expressionlessly, as if he had heard not four hundred million dollars, but an insignificant number.

"It's good, it's good!" This time, Liao Chengde finally caught the opportunity to speak, but the expression on his face was dazed, and he was a little confused.

A few people hurriedly ate something and continued to wait for the afternoon opening of the American market.

By one o'clock in the afternoon US time, the stock market continued to trade.

At this time, a large number of sell-off stocks have accumulated among the floor traders, just waiting for buyers to appear, and there are also voices in the market of listed companies announcing the repurchase of shares, which has indeed increased some confidence among investors, and the trend of selling has been curbed, and the index is slowly recovering, and everything looks good.

This situation is undoubtedly the most difficult for professional brokers, because they have accumulated a large number of sold stocks in their hands, and if they do not find a next home, they have to keep it in their hands, so their liquidity will have a big problem.

The stock market brokerage in the United States is a market maker system, and professional brokers are the dominant liliang in the market, which is very different from the later generations of China. It is precisely because of the existence of these professional brokers that investors can go long or short on stocks and keep the price of stocks at an appropriate level.

The current situation is that the broker holds a large number of sold stocks, and in the case of an uncertain trend in the afternoon, there are no investors who are aggressively shorting to make a profit from the price difference, and with their financial resources, it is difficult to shake the liliang of the short seller.

Ten minutes after the opening of the session, the terrible news suddenly began to circulate on Wall Street, and everyone told each other that David Luther, the chairman of the SEC, was said to have spoken in Washington, D.C., hinting at the suspension of the stock exchange.

This news immediately caused a huge panic, because once the exchange is closed, the stocks held by traders cannot be traded, their stocks will become waste paper, and liquidity problems will appear in an instant, and when it comes to settlement, they will not be able to take out so much cash, or they will choose to go out of business, or they will be swallowed up by others.

This time it's the trader's turn to go crazy!

Selling! Dumping the same selling! Sell it regardless of the cost!

No one confirmed the truth of the news, and at this time everyone became frightened!

The Dow Jones index, which had just improved, turned green in an instant, and continued to plant headless, with a large number of sell orders appearing on the sell orders, and short sellers also saw the opportunity to frantically lend shares to traders to sell, which added to the burden on the market.

In this regard, the futures index has fallen even more crazy than the Dow, and it has always been a few points more than the Dow Jones has fallen, as if everyone has lost confidence overnight.

The floating profit in Zhong Shi's account is growing rapidly! It is growing profits almost every minute and every second, and quickly crossed the 500 million and 600 million mark!

By two o'clock in the afternoon, the momentum was finally contained, and the rumors were put to rest by a public statement by Fed officials clarifying that the Fed chairman had not said anything about closing the stock market. It was too late, and the Dow Jones index had already fallen to almost 1600.

"This is an opportunity!" Zhong Shi jumped to his feet and said loudly. At this time, although he did not know what was happening in the United States, he also knew that Zuihou's Dow Jones index closed at 1738 points today, instead of about 1600 points now. "Flatten them all, as soon as possible!"

Andrew was undoubtedly a conscientious agent, and he didn't ask Weishenme, so he quickly connected to Chicago, while Louis, who was on the other side of the ocean, was stunned, and then typed out instructions on the computer.

More than 10,000 sell orders appeared on the sell order in an instant, and they were filled at a very low price and fast speed, and when the transaction was completed, many people had not come to their senses, and all of Zhongshi's positions were closed, leaving only more than 600 million US dollars in the account.

At this time, the S&P 500 index fell by more than 30%, which is even crazier than the Dow Jones index, and the appearance of this long order is undoubtedly a signal to the market that the bulls are going to counterattack.

"Buy as long as you can according to the limit of the position!" After the transaction was completed, Zhongshi gave another order that made Andrew a little overwhelmed.

Fortunately, Andrew was quite professional, and he didn't ask Weishenme, so he continued to give trading instructions to Louis on the other side of the ocean.

Another buy order of 10,000 lots appeared in the market, and as before, it was also easily traded, because there were too many short orders in the market at this time, and the prices were at a very low position, so it was very easy to open a long position.

At this time, the Fed's debunking of the rumors began to exert its power, and the funds of wait-and-see funds and buybacks came in, sweeping up those stocks with extremely low prices, and investors who came to their senses began to tentatively buy stocks, and the Dow Jones index began to rise under a variety of drivers.

This situation soon spread to the futures market in Chicago, where investors who saw the wind and steered the rudder withdrew their short orders and began to buy. This situation has been fed back to New York, and the two markets have begun to pick up.

Soon, the Dow Jones index began to rise strongly, breaking through one resistance line after another amid the shouts of the crowd, and even at 2000 points, it hovered slightly and rushed over.

Just as the Dow broke through the 2,000 level, the frightened traders and investors shouted loudly and relentlessly, trying to vent their previous panic. Many people burst into tears and couldn't help themselves. It's probably something they've never experienced in their lifetime! (Special thanks to book friends 130412220253435 for their tips and evaluation votes, xiexie support!) )

For mobile phone users, please read it on m.biquge.info.