Also on January 9th.

Wall Street's most powerful black man is facing rebuke and accountability from the company's board of directors and CEO, David Komansky.

Smith Building, fourth floor in Abel's office.

Able was standing in front of the floor-to-ceiling windows with his arms crossed, staring at the tall buildings across from Manhattan.

The edifices that symbolize finance, they still stand tall.

Only Abel knew how many people would be in pain at this moment.

Smith Capital, the amount of money involved in this transaction is too large.

So much so that because he was worried about the counterattack of the bears, Abel basically spent the past two nights in the company's office.

He enjoyed the tranquility here.

But he knew that on the other side of the East River in New York, there were already many people tearing their hearts apart.

He also knew that if he waited a few more hours, hundreds or thousands of speculators would be cornered.

Capital will not give even the slightest mercy and sympathy to the loser.

And he is the capital that has been indiscriminately entered, and the butterfly effect has aggravated the bubble.

in parallel time and space.

In January 2001, there was also such a black swan event in the foreign exchange market.

But it wasn't as intense as this time.

It is his Wall Street wolf who is short in the early stage and idling long in the middle term.

Let this situation become so intense, and make more people in this plane miscalculate.

More people have lost their families or ended their lives.

Just now, there was already a New York media report.

Someone on Wall Street jumped off the building, and jumped two.

Toot ~ Toot ~ Toot Toot

There was a knock on the office door.

"Come in." Abel said as he looked at Manhattan across the street.

Across the East River in New York, he seemed to see the blood flowing all over the ground on Wall Street at this time.

The door was pushed open.

For a week, I slept only three or four hours a day.

It's all about drinking coffee, and I even want to rely on drugs to refresh myself.

David Mellon, who was stopped by Abel.

This young master of the Mellon family is in a mess with his hair that has not been washed for several days.

But his face was full of joy and walked in.

Abel turned around and looked at David Mellon with a smile.

The latter didn't say a word and came straight to him.

It was very exaggerated and pounced, in a kneeling posture, with his hands raised high, and shouted heartbreakingly:

“god！ god！ god！ Mysupremacygod！！！ ”

It's like a madness.

Abel smiled and shook his head, Abel knew that David was affected by the market these days.

There are also the gains of these two days, and the excitement is almost a little insane.

Abel walked over and slapped him twice on the shoulder, and kicked David hard a few times in the ass.

Then he said, "Don't be like XJ!" Let's go out and see how my wolf cubs are doing. ”

"Hey, hey, hey~"

David Mellon stood up with a stupid smile and walked out with Abel.

Chairman and General Manager of Smiths Capital.

Soon came to the trading floor on the third floor.

In the trading floor, it was also a few days and nights.

The traders of Smith Capital, who have only slept for a very small time.

When they saw Abel appear, the first ones.

I don't know if David Mellon just taught.

It's like David Mellon just now.

One by two, shouting the same words as XJT in their mouths.

Kneeling on the ground and raising his hands in front of Abel, he looked like he was worshipping frantically.

The actions of these guys in front of them quickly led to the imitation of hundreds of Smith Capital employees in the back.

Ten seconds later, in the spacious third-floor trading hall.

More than 100 traders at Smith Capital.

They all raised their hands in the air, shouted the same XJT content in their mouths, and bowed to Abel.

This kind of crazy look, to be honest, Abel doesn't like it.

But he knew why they were the way they were.

Mainly because of the state of the Smith Building's safe house this time.

Its investment experience is really ups and downs.

Initially, Smith Capital chose to go short.

At that time, the USD/JPY market was a slow bull.

At that time, to go short was to go against the general trend of the market.

This kind of behavior made Smith Capital a few days away.

At its peak, the floating loss was almost more than $600 million.

Then the little bush took over the White House, and two days later the Federal Reserve announced an emergency interest rate cut.

These two things have made many Wall Street investment banks misjudge.

Plus the depreciation of the dollar due to interest rate cuts.

As a result, the bull market of USD/JPY, which was originally very good, began to go bearish.

In more than a day, Abel's floating loss turned into a floating profit.

According to the words of the normal script.

Able should wait until he earns a certain floating profit and close the position in a few days.

But he didn't.

Instead, he entered the market in large numbers of bears and wanted to aggressively short USD/JPY.

Played hard with a handful of idling more.

Smith Capital took advantage of the opportunity for a large number of short positions to enter the market.

In a very short period of time, we successfully opened more than 500,000 lots.

The follow-up result was that he lost more than $2 billion in two days.

So much so that the margin on the account is dangerous.

Abel had to sell a lot of stocks in the U.S. stock market to raise funds to increase margin and hedge risks.

The moment of truth came at 7:30 p.m. on January 6, Tokyo time.

With Neon Young. The groundbreaking quantitative easing policy that came out of it.

And the next day was the weekend, and the futures market was closed.

And in two days over the weekend.

Several world powers have successively announced local currency interest rate cuts to hedge US dollar interest rate cuts.

A large number of black swans have appeared that are positive for the dollar, coupled with a super black swan of quantitative easing that is bearish for the yen.

In the end, the USD/JPY bullish market got out of control, and only then did we have today's situation.

The ups and downs are important.

But the most important thing is actually in this big gamble between Smith Capital and Wall Street.

Smith Capital has made a single exaggerated profit that is very rare in the entire history of Wall Street.

500,000 lots in front, and 110,000 lots in the back, the total number of foreign exchange held by Smith Capital is 610,000 lots, and the average position is around 105.100.

According to the current market, 119.650 is calculated.

Smith Capital's profit was 1455 points.

A profit of ten dollars, that is, one standard lot, will have a profit of $14,550.

The total profit is about 610,000 x 14,550,8875 million US dollars.

And Smith Capital, in this investment.

The total amount invested, in addition to the initial three billion dollars.

This was followed by about $3 billion.

$6 billion principal.

So far, $8.875 billion has been earned.

Six billion dollars, almost $8.9 billion in less than ten days!

This achievement made the traders and David Mellon who experienced it naturally fall into this situation.

Abel also let his subordinates vent the emotions accumulated during this time.

After they had calmed down, he took the microphone from David Mellon.

"Cheer up, my wolf cubs."

When he said himself, he was a little disgusted by the words of the second second.

"The hunt isn't over yet. USD/JPY has risen much more than that. Look, we'll make Wall Street bleed! ”

David Mellon raised his hands in cooperation next to him and roared loudly: "A river of blood, a river of blood, a river of blood!" ”

The employees of Smith Capital below also raised their hands frantically.

For a time, "rivers of blood" flooded the entire Smith building.

People who don't know pass by will probably think that something bad has happened inside.

After inspiring the spirits of the traders.

Another David, David Jones, came over with Abel's business phone.

"Philip Purcell." David Jones lip-whims reminded the boss.

Abel nodded and took the phone from David.

"Hey, Philip, good afternoon." Over the phone, Abel smiled and spoke.

Able could clearly hear Philip Purcell on the other side smiling bitterly.

"Mr. Smith. You might be fine. But honestly, we're not that good. ”

"Oh? Why? The weather in New York is nice today, look, look at the sun outside! ”

"In this kind of weather, I think it's appropriate to go out for a walk, what do you think?"

Abel asked knowingly, and then said it deliberately.

"Alright." Philip Purcell's voice muted:

"Mr. Smith, I'll get straight to the point. This time you won, and you won very thoroughly. ”

"Morgun Stanley throws in the towel."

"Morgen Stanley has about 90,000 empty orders left. Mr. Smith, let's make an offer, we want to close the position. ”

It has already been said before.

Whether you are long or short, when the volume reaches a certain level.

If there is no opposing camp, accept the end of your position.

That is, if no one takes over, then even if the position is liquidated, it will continue to lose money.

If you don't go bankrupt, you have to pay back the debt.

If you don't repay the money, the middleman and the guarantor will accompany your counterpart to collect the debt.

Those small and medium-sized investment banks and investment companies are easier to talk about.

I really can't afford to lose money, so I went bankrupt directly.

But giants like Merrill Lynch and Morgen Stanley certainly can't go bankrupt so easily.

You can't really go back on your debts.

In other words, if you don't want to continue losing money.

These investment banks have a large number of short positions in their hands and must choose to close their positions immediately.

But in the market, it is Abel who holds the most long orders now.

These big investment banks with a lot of lists, and the only ones who can eat a lot of their short orders are Abel.

That's why Philip Purcell made the call.

On the side of the Smith Building, Abel walked to the floor-to-ceiling window on the third floor, held his mobile phone and said with a smile:

"Is it so pessimistic? Purcell, the market hasn't opened in the afternoon. Maybe in the afternoon, USD/JPY will fall again? ”

"Perhaps." Philip Purcell said:

But Morgen Stanley chose not to play. And as far as we know, you are the biggest bull. Make an offer, Mr. Smith. ”

"Okay. It seems that you are resolute-willed, and Mahogon Stanley really deserves to be Mahogon Stanley, that is, decisive. ”

Abel smiled: "Morgun Stanley has a 2% stake in Comcast and a 3% stake in Google. Sell it to me at the current market price. ”

"No problem." Philip Purcell said immediately.

If only these shares could make Abel Smith willing to let Morgen Stanley go.

Not to mention at their current market price.

Even if it's for free, Philip Purcell will probably be happy.

But Philip Purcell knew that Able couldn't have been so generous.

A piece of meat the size of Mahgan Stanley was next to Abel

It is impossible to let go of the meat that has already been swallowed half because of other small profits.

This is not in the style of Wall Street.

If he had done that, Philip Purcell would have looked down on Abel.

Consider the kindness of the Abel woman.

A woman's kindness will not live long on Wall Street.

Sure enough, Abel's next conditions made Philip Purcell breathe a sigh of relief.

"And I'm going to put together my shares in Morgun Stanley at the market price to 5%. I am asking for the original shares with voting rights. ”

Compared to the previous "little request".

This request will make Morgen Stanley feel uncomfortable and embarrassed.

5% of the original shares with voting rights is not a small amount.

As a public company, stocks have always been very diversified.

More than 15% of the shares are super large shareholders, and more than 20% are relatively holding

5% of the voting shares. Among the shareholders of Morgen Stanley, it can even be ranked in the top 10.

These voting shares can already have more than two seats on Morgunstan's board of directors.

In the face of Abel's request, Philip Purcell also replied to him simply and directly:

"Give me half an hour, Mr. Smith. In half an hour, I will answer you directly to this question. ”

"No problem. I'll wait for you, Philip. ”

"Goodbye then, and have a nice afternoon."

"I wish you a happy afternoon~"

The phone was hung up by Philip Purcell over there.

The smile on Abel's face then retracted.

He took his phone and looked across from the third floor at Manhattan.

This time, he didn't fantasize about the blood streaming from Wall Street.

He was thinking about Morgun Stanley.

Abel believes that Morgen Stanley will most likely accept his request.

There are several reasons for this.

One is Abel itself, which already holds about 1.6% of Mahgunstan's shares.

This is a part of the shares he acquires in the secondary market, which is the stock market.

Shares bought in the secondary market have the same value, although they do not have voting rights.

Although they do not have voting rights and are not original shares.

But he can also be regarded as one of the major shareholders of Mahman Stanley.

In this case.

Having him hold more than 5% of the shares would not disgrace Morgunstanley.

The second reason is that Abel was originally on Wall Street and already had a great reputation.

After this war.

His fame on Wall Street is bound to rise to the next level.

His first meeting with Wall Street has so far been a complete victory.

This means that he is truly successful on Wall Street.

The independence portal succeeds!

Smith Capital + Pacific Commercial Bank, will be one of the new Wall Street giants.

Let a new Wall Street giant become a director of Morgen Stanley.

This can be said to be very normal. It is also very much in line with the corporate culture of Mahman Stanley.

In the end, Mahogan Stanley probably figured it out.

USD/JPY will continue to go long.

If there is no way to close the position in time, Wagon Stanley will continue to lose money.

This will cause this year's annual Mahman Stanley to be very ugly on the financial statements.

In order to stop the loss in time, there is nothing wrong with bringing Abel into the board of directors of Morgen Stanley.

Sure enough, it didn't take half an hour.

It only took a few minutes for Philip Purcell's call to come back on.

The board agreed. Mr. Smith, from now on, you will also be a member of the Morgun Stanley Board of Directors. ”

Philip Purcell said quickly.

The CEO of Wagon Stanley, when he called this time, even his tone changed.

Become respectful quite a bit.

Abel couldn't help but laugh at this confrontation with Wall Street.

One of his most wanted off-field resources, in hand.

"No problem. I'm now a member of the Mahant Stanley Board of Directors. Then I certainly can't sit idly by and watch Morgun Stanley's serious losses and remain indifferent. ”

Abel responded with a smile: "Let the people from the Morgen Stanley Trading Department come over here to dock." ”

"Thank you for your help, Director Smith."

Philip Purcell is also a wonderful person, and he changed his name all at once.

"Haha~ Mr. CEO, I hope we can cooperate happily in the future."

"It's a pleasure to work with."

The phone was hung up by Abel, but before the smile on his face could retract.

This business mobile phone has been fired again.

Abel looked at the contact note, which said Richard Forder.

His smile bloomed again, and he became more and more presumptuous.

A call with Lehman Brothers' Richard Forder.

The content is similar to that of Morgen Stanley's Philip Purcell.

In the bargain.

He acquired a 5% voting stake in Lehman Brothers and joined the board of directors of Lehman Brothers.

Lehman Brothers also has a 5 percent stake in Google and a 2.5 percent stake in News Corp.

It's Murdoch's News Corp.

Lehman Brothers is Murdoch's largest investor on Wall Street.

This is why, in an alternate time and space, when Lehman Brothers was on the verge of collapse, Murdoch's News Corp. reported on a positive side.

Abel had already gotten a 3% stake in News Corp. from the desert stock god.

Add that 2.5 percent, and he would have more than two board seats in News Corp.

Next, Abel's entire noon.

Almost all of them are spent answering the phone and haggling.

In the past hour, the smile on his face has not retracted.

Afternoon.

When the New York Stock Exchange is about to reopen.

These calls are slowly decreasing.

Abel was a little regretful, he didn't expect that Goldman Sachs would not end up this time.

This made him unable to collect the achievements of the four major investment banks in Hollywood, no, it should be said that the achievement of collecting the board seats of the five major investment banks could not be achieved.

Well.. There were originally five of the four major investment banks on Wall Street, isn't that common sense?

The fifth is Bear Stearns, which is common sense.

At present, Abel has gathered seats on the boards of Bear Stearns, Lehman Brothers, Merrill Lynch, and Morgun Stanley.

Just one Goldman Sachs is missing, and he has achieved something.

But because Goldman Sachs was absent in the early stage, he even joined in to go long in the middle.

This achievement of his, obviously, cannot be completed for the time being.

In the afternoon, within ten minutes of opening.

Bearish capital, trying to make a death throes.

This allowed USD/JPY, for half an hour, to fall back to 117.360.

But at this time, how can the bulls let go of the beautiful meat in front of them?

I struggled for about an hour or so.

USD/JPY is back at 119 again.

After three o'clock in the afternoon, the line touched 120.

120 seems to be the last cordon for the bears to struggle.

After breaking 120, it was like a pour.

It was January 11th.

USD/JPY came to around 123.650.

In these two days.

More than 100 small and medium-sized investment banks and securities firms on Wall Street have declared bankruptcy and collapsed.

At the same time, many of Wall Street's giants are inside. In the past two days, new personnel appointments and dismissals have been announced.

For example, Stanley O'Neal, the first vice president of Merrill Lynch, was announced to be removed from his post and is said to have been investigated.

Breen Boulley, chief financial officer of Lehman Brothers. was also forced to resign and helped the bulldogs of Wall Street carry the black pot.

Morgunstanley and Bear Stearns also had similar appointments and dismissals.

Among the giants, there are only PNC Financial Services Group and Goldman Sachs, and there is no unusual movement.

This is the case on Wall Street.

If you look at the whole world.

Small and medium-sized investment banks that have declared bankruptcy or are on the verge of bankruptcy in these days, plus Wall Street's.

The number should be doubled.

More than 200 small and medium-sized investment banks and securities companies have closed down or gone bankrupt.

More than 15 Wall Street giants have resigned and been dismissed.

The unfortunate fate of these companies and their executives.

As if to symbolize the rise of a new Wall Street giant.

Smith Capital, which has been established for less than a year.

Through this battle with Wall Street, its status and presence were declared.

At the same time, with Abel Smith, he was welcomed into the board of directors by four of the five largest investment banks on Wall Street.

After becoming their director.

The name Abel Smith.

finally has a new nickname on the original nickname of "The Wolf of Wall Street".

Some people say that Abel's new nickname should be "the king of foreign exchange".

Because almost most of his money is earned on Forex.

But there are a lot of people who oppose it.

There are more of these people, they think that Abel also has a very terrifying harvest in stocks, crude oil, and precious metal futures.

I didn't see Smith Capital, those U.S. stocks that invested.

It's been less than a month.

Their overall increase has exceeded 50%?

This part of the population believes that Abel Smith is the new Wall Street giant.

His new nickname should be "God of Investment".

Even if you can't use such an exaggerated title as "god".

At the very least, it should be the nickname "King of Investment" or "King of Finance".

Anyway, in the first month of 2001.

The entire Wall Street, and even the entire United States, finance, finance-related publications and programs are full of Abel's name.

A large number of experts, commentators, analysts related to finance.

They all want to know that in this foreign exchange black swan event that lasted for about half a month, known as "Smith Foreign Exchange Month" in the industry.

How much did Abel profit?

This situation has even spread to the global financial publishing community.

After Storm Smith in October.

In the global financial and financial media, a new "Smith storm" has once again blown.