"Mr. Livermore, I'm sorry to be an uninvited villain, I was originally going to visit your office, but considering that you and I are special to the market, I came directly to your house......" Contini smiled, "What do you think about the future development of the stock market?" ”

Uninvited, if it was an ordinary little deflated three, Livermore was afraid that he would have directly let the bodyguard fire just now, but in the face of Contini, where would he dare to make a mistake? Didn't you see the force of others alerting everyone around? So this kind of thing can be passed by haha, but about the direction of the stock market, Livermore smiled slyly and did not give a positive answer: "Didn't you make a judgment on how the stock market will develop some time ago?" I think you're right – the stock market will continue to rise, but only if the Fed isn't so stupid! ”

"I said it was going to go up, but I don't think the stock market will go up forever, especially since the Fed is reluctant to change its credit policy, and I don't agree with my proposal to gradually increase the margin, so ......" Contini said, "I think there may be a wave of sharp declines in the future, and this time the momentum of the decline will be very violent, so violent that we can no longer save it, because credit can no longer provide a steady stream of ammunition, and every loan will face a 20% murderous interest, which is unsustainable." ”

Livermore was taken aback and laughed, "Are you kidding?" If you put that out the way, the stock market will fall badly tomorrow. ”

"Does my word work that well?"

"Yes! Now that you're the opinion leader in the market, Wall Street relies on you to cheer them up. "I ask my assistant every day as soon as I get to work, did the president speak yesterday?" Did he make any special indications during his visit to various companies? I usually look at it word by word and ponder your insights......"

"These words of yours are a bit hypocritical, even creepy," Contini casually mentioned...... "In March, you shorted industrial stocks and made $700,000 on a wave of declines; At the beginning of April, after the 5 major banks jointly managed the market, you quickly adjusted your position to oil stocks and made at least $500,000...... These are all examples of your short-term operations, and since late April, you have continued to reduce your holdings of stocks, at least more than 600 yuan, how about it, am I right? ”

Now it was Livermore's turn to fidget, and he wondered how Contini had dug this bottom out. But he didn't dare to ask, because this kind of privacy was better not to ask, was the number one person of the United Group's magnitude something he could provoke?

"Although you don't have a clear answer to the question of how the U.S. stock market will go next, your approach tells me that you are not optimistic about the market outlook." Contini smiled, "Coincidentally, I have basically the same view as you. ”

Now it was Livermore's turn to fidget, and he didn't know what Contini wanted to do.

"I have a project that I need an experienced investment professional to help me complete, I have looked at all the brokers and traders in the market and think that you are the best ......"

"It's a great honor to have your affirmation, but the scale and volume of the United Group are too large, and I am afraid that I will not be able to complete the task, and I have a heavy trust."

"I'm sure you can...... This project is yours. ”

"Then let me boldly ask, what kind of project is this?"

"Since it is predicted that the market is likely to fall sharply in the future, it is a good opportunity to take advantage of, you know, I am a businessman, the United Group has set up many enterprises, developed various industries, has been facing the problem of shortage of funds, I hope to seize this opportunity to make some money for the company......"

Livermore gasped: When the news came out, Wall Street was estimated to explode, and the president, who has always been bulls, actually planned to start changing his course and singing short, not counting short, but also shorting, which was no less than a 15-inch naval artillery shell falling directly in Manhattan.

He shuddered, "You're already working on the layout?" ”

"No, I haven't, I still have some stocks on hand that have not been reduced, how to layout, promote and implement, you need a smart trader, relying on my subordinates alone will only make a mess of things."

"That's really...... That's ......," Livermore muttered for a long time, finally not describing the word "appalling."

"I'll say hello to you today, and then sign the commission contract by the way...... "Contini took out the contract from his briefcase and handed it to the other party.

The contract has several thick pages, but there are only 5 really important clauses:

First, Livermore accepted the entrustment of the United Group to provide investment services for the United Group for a period of one year from the date of signing the contract;

secondly, Livermore conducts professional operations under the entrustment of the United Group, and does not bear operating losses and does not share operating profits;

Third, both parties shall keep the content of the contract and the terms of entrustment confidential, and the confidentiality period shall be 50 years;

Fourth, during the period of service to the United Group, Livermore must go all out, can no longer accept the entrustment of other customers, and his own stock can be operated together, and he is responsible for his own profits and losses;

Fifth, the United Group prepares the necessary implementation conditions in accordance with Livermore, including, but not limited to, information, funds, technology, venues, security, and other cooperation.

"The team service fee is 10 million US dollars / year, no resignation is allowed, the internal distribution is up to you to set your own rules, and if the group dismisses you early, you will be paid at least 2 years." Contini handed over a $5 million promissory note, "This is a promissory note issued by Union Bank, paid unconditionally, it is a contract signing fee, as long as it is signed, it is yours, and the consultant fee is paid quarterly." ”

Looking at the contract and the promissory note in his hand, Livermore was stunned: this was the largest consulting fee he had ever received, and the signing fee alone was 5 million, which was unimaginable - which in turn showed how much benefit the president seeked.

But did he dare not sign it? If you don't sign it, it means you don't cooperate, and if you don't cooperate and you know the president's secrets and ideas, then there is only one result - death! Because only the dead will no longer reveal their secrets.

After thinking for a moment, Livermore pushed the promissory note back to Contini and said, "It's my honor to serve the president, and I can't ask for this money." ”

Contini was a little surprised: Livermore would actually refuse himself?

But soon a surprising scene occurred, Livermore refunded the signing fee, but picked up the pen and quickly signed his name in the signature field.

"What are you?"

"President, my wife is still young and my children are still young, can you let them go in the future? I swear, I'll keep my mouth shut! "Livermore thinks very boldly: if you don't do things for Contini, it's simple, and you'll die on the streets tomorrow and the day after tomorrow - what is Blackwater Security for? If others don't understand, can he still not understand? If you accept the commission to do something, even if you succeed, you will definitely die in the end - because you know too much! Left and right are dead, it's better to be single, then maybe there is still a chance to survive in death. To deal with people like Contini, it is not possible to be tough, you must be soft, and the lower your head, the better - don't young people have a good face?

"You're in a position like we're going to rob a bank together, and then I'm going to shoot you for myself......" Contini laughed, "We're a legitimate business, and the entrustment contract is a serious one, so it doesn't matter if you keep a copy of the contract and give it to your nearest and dearest — I really don't have such immoral thoughts as killing people and killing people." ”

Now it's Livermore's turn not to believe.

Contini lowered his voice: "I have so many people under him, if I do a little help with something and know some secrets, I will be killed, who will give me my life in the future?" Don't just think about things from your own standpoint, you have to think about my feelings! I think you're worth the price! Therefore, although the signing fee is still accepted with confidence, you have to find a way out for your wife and children, and you don't give them any living expenses? ”

"In that case, then I will be disrespectful." Livermore suddenly felt that what Contini said was also reasonable, people make such a big business, of course, there is an element of opportunism, but if you do a little tricky thing and kill people, it must be a betrayal of relatives.

As we walked from Livermore's home, the two sides became better contacts and locations: Union Bank's Manhattan branch, closest to the New York docks, would open a secret room that would house Livermore's team, but it wouldn't have to move in with much fanfare just yet, and we'd have to wait for Contini to cooperate.

Before today, Contini had other ideas: for example, not to short the stock market, just wait for the Great Depression to buy the bottom, but he took stock of the money on hand and sighed - there is too little money.

He received $1.5 billion from the issuance of convertible bonds, another $3 billion from reducing his stock holdings, and then nearly $500 million from several new stock issuances, for a total of $5 billion, but the 5 billion could not be fully used: he gradually repaid nearly $2 billion in loans and interest owed to US banks during this period - because of the high interest rate on refinancing, there is still almost $500 million in the remaining loans, which is about the same as the balance of stocks he still holds.

Of the remaining $3 billion, 500 million has been paid out as 4.4 billion yuan of extraordinarily large industrial orders, and a part of it must be set aside as a guarantee fund for other bonds issued abroad -- regardless of whether the United Bank will draw loans or not, the bonds must be returned, and the funds used for flexible activities are less than 2 billion, and if nearly 800 million US dollars in gold and nearly 200 million US dollars in cash are excluded, he actually only has 1 billion US dollars available, and part of this 1 billion US dollars will be reserved for domestic armaments and other scattered expenses. There are only 800 million that can really be used for stock market speculation - and the industrial equipment purchase contract for which he signed an agreement and paid a deposit is 3.9 billion, even if it is sold at a jump price in the future, it will not be enough to buy.

In other words, Contini looks rich on the surface, but in fact he is really short of money, and he can't do it without making money