Chapter 13: Black Monday: Acceleration
“…… Hugo, I am glad that you have taken the initiative to apply for a separate examination in economics, I always believe that you are an excellent student, and I hope you can make the most of your talents in economics......
But I can't accept that you apply for a two-week vacation to go to New York for some professional practice on the condition of passing the exam......
You know, we have a tradition of "dorm choir competitions" before the mid-term holidays, and I think your roommates need you more than you want to do, and it means a lot if you can come together and win first place......
Of course, I am also interested in the "global financial risks" in your letter, and if you would like to discuss it with me, please write back to me, or feel free to come to my office and talk to me in person......
PS: I won't relay your letter to your mother, I'm the same age as you, and I like to tell my parents about my academic progress in the form of surprises......"
In the Eton dormitory, Hall rubbed his temples and crumpled the principal's reply into the trash.
Then look at a newspaper on the desk: on Saturday, October 4, Eastern time, the new chairman of the Federal Reserve, Mr. Greenspan, said that he would consider further interest rate hikes......
The "leave application" he sent to the principal was reasonable, but unexpectedly rejected.
At the same time, the U.S. stock market "Black Monday has begun to accelerate brewing", and Monte and Brandon arrived in New York and are preparing to enter the market.
It's come to this, there's nothing more to say, do it!
"Knock knock."
There was a knock on the door, and then a white boy with freckles on his cheeks leaned into the dormitory: "Hugo, let's go, let's go to the downstairs restaurant to practice singing." ”
"Here it is."
Hall bent down to pick up the reply letter from the trash, smoothed the wrinkles and stuffed it into the book, "Are you sure it's that song?" ”
"Yes, 'Sympathy for the Devil,' 23 votes to 20 votes, it's incredible, I didn't expect to hear the Rolling Stones at Eton." The freckled boy excitedly recounts how he had just voted for the song.
Eton College has a seven-day mid-term break at the end of October each year, and the "Dormitory Choir Competition" is held before the holidays. There are more than 20 dormitories in total, and all 50 students in each dormitory sing in chorus and choose songs freely.
In the past, almost all of them were excerpts from opera, and there were even dormitories where church poetry was brought to the stage, but there was no popular music, let alone rock.
Nowadays, unlike in the past, the mainstream of the folk ideology has no major negative views of the aristocracy, and the traditional aristocracy represented by Eton College at the political level is full of hatred from the elite, and it has been in trouble for the past two years to the point of being banned.
Eton College had to transform and open a door to accept the new nouveau riche: the prince of the Asian nouveau riche, the noble breed of the three Brahmins, and the beloved son of the generalissimo of the African 5,000 Boy Scouts......
It's all about being grounded and mixed with sand, and based on this, Hall's dorm room can choose a rock 'n' roll chorus.
"Allow me to introduce myself, I am a man of money and taste......"
Dozens of older boys sang in chorus with their voices during the voice change period, and Hall sat in the corner, watching the hustle and bustle around him like a bystander, and his thoughts drifted to 5,000 kilometers away.
On 6 October, Treasury yields reached a two-year high, with the Dow Jones down 3.47%.
On October 7, the flat market closed; October 8, falling; On Friday, October 9, the Dow Jones index fell below 2500 points.
Monday, October 12, fell.
“…… I've been in this world for many, many years...... When God was questioned and suffered, I watched Pilate wash his hands and leave them with a stench for ten thousand years......
Nice to meet you, I hope you guessed my name...... I wandered around St. Petersburg and saw how much the times changed......"
While practicing as usual in the evening, Hall disappeared into the restaurant and boarded a red-eye flight to New York.
Counting the jet lag, he has thirteen hours to run, and tomorrow morning the dormitory manager will be found if he wakes up and doesn't see anyone, so he has to hurry.
…………
On Tuesday, October 13, at 8 a.m. New York time, Hall arrived in his loyal New York.
New York is indeed loyal to him, or rather to the dollar.
This is the most profound understanding of the city of New York in two lifetimes combined, especially when Brandon came to the airport to pick him up in a business Mercedes-Benz.
"Where's Monte?" Hall couldn't help but glance at the brawny driver in a black suit, sunglasses and white gloves, who opened the door for himself.
"He said he was going to the exchange to practice fighting, so let me pick you up myself." Brandon poured a glass of water for the little boss, "This car is the hotel's concierge service, and there is no need to pay extra." ”
Hall was more concerned about two million than travel expenses: "He said to fight? ”
"Uh...... Well, the financial markets are so thriving that investors from all over the world converge here, and every morning when the market opens, traders have to rudely exhaust themselves to squeeze into the trading floor.
Mr. Monte has been practicing for the past two days to rush in as fast as he can, shout the highest voice, and close the deal as fast as possible. He said that what you want to do is intraday ultra-short-term speculation, the kind that races against time.
Yesterday, following your instructions, he went to trade and got into a confrontation with a black trader and got punched twice. Brandon briefed.
Hall was surprised: "Why should he go into battle with a professional trader himself?" ”
"I think this will help relieve his psychological pressure, he should be very afraid that you will be angry with him if your investment fails." Brandon guessed.
The corners of Hall's mouth curled slightly: "What about you?" ”
"I believe that you will succeed, will you also be angry if you succeed in investing?" Brandon asked rhetorically.
"Clever solution ideas!"
…………
Tuesday 13 October, 1 p.m. London time.
Helena, with her butler and lawyer, rushed into the office of the principal of Eton College.
"Hugo asked me to convey to you:
He went to New York and wanted to show up until the deal was over, but I was afraid that you would be worried, so I decided to tell you that he was staying at the St. Regis Hotel on 57th Street in New York, and you could call him or fly directly to New York to arrest him. ”
The white boy with freckles on his face looked nervous, and his parents were equally solemn.
Helena asked expressionlessly, "He said to arrest?" ”
"Yes." The freckled boy looked down at his toes.
"Sorry kid, I scared you. White...... Your name is White, right, Hugo often mentions you to me at home, saying that you are his best friend. I recognize your friendship, but I'm a little worried about him. ”
The corners of Helena's mouth curled into an elegant smile, and she turned her head to look at White's parents: "Hugo borrowed 100,000 pounds from White, right, I will pay interest at the bank rate, Carolyn, calculate." ”
"Baron Helena is not welcome, we lend this money because we recognize the friendship of the children. We really didn't know about Hugo......"
A few minutes later, Helena hurried to London: "Go find Monte's home address, send a lawyer's letter to their fund company, and withdraw all the funds."
Draw cash, let someone estimate how much loss Hugo will have, and formulate a stop-loss operation plan. You take Mr. Benjamin to New York, and if possible, bring him back directly.
If he is resolute...... Then take care of him. ”
"Relax, it's not as bad as you think." Caroline reassured.
Helena put her hand on her forehead: "I know, otherwise I would have to go to New York myself anyway." ”
"Maybe Hugo's prediction has come true, but the situation in the New York market is not good these days. Seriously, I didn't feel anything about it if I didn't listen to his analysis, but the more I watched after listening to it, the more I felt that he was right. Carolyn spoke in a relaxed tone.
Helena forced a smile: "Maybe." He leveraged 55 times, and once he wore the position, I really don't know if he could bear it...... That would destroy his spiritual ......"