Chapter 428: On and off the field

For Wall Street stockbrokers, the use of various means to manipulate the market for speculation is their greatest contribution to the world.

Economic activity is a social phenomenon that should have its own laws, but it is the biggest mistake to judge the stock market according to economic laws.

The premise of mainstream economic theory is that everyone is rational and selfish. It can be deduced from this that a rational person can discover the law and use the law, and a selfish person will use the law as a tool to seek his own best interest.

The core principle of mainstream economic theory is to create the myth of a free market, reject state regulation, and let the market do all economic activities on its own. As a result, a group of people who take advantage of the laws of the economy to seek their own interests are in an environment where external supervision is excluded, and any so-called successful investment in the financial market is almost always a speculative case of market manipulation.

Therefore, mainstream economics in the West has never been believed to be a science, and in fact, it is indeed an eternal gamble.

Brokers can't help but laugh when they find out that there is a stock that wants to enter the market, and it is actually the theme concept of the Trans-North American Railroad.

While rail stocks are hot, the amount of capital required for a transcontinental railway is too large to make the market daunted by the prospect of railways. What's more, this operating company didn't contact us in advance to cooperate with the plan, how can this stock be marketed to the public?

So everyone tacitly ignored it.

The so-called ignoring means not taking over. Don't talk about it, so that this stock has no chance of building momentum and becoming a star at all.

However, market rumors are not so easy to control, especially since it is still a so-called "free market".

Rumor has it that it goes. The British are interested in the railway, and the Bank of Bahrain has already decided to underwrite half of the bonds in Europe for the railway company. The traditional banking world prefers bonds with stable yields rather than a rollercoaster ride in the stock market.

Rumor has it that the transcontinental railroad has approached a number of companies that already operate in the Great Lakes region to discuss the interface of the Eastern Railroad. The integration of these companies' existing railways to the Transcontinental Railway will undoubtedly increase their original assets, so the shareholders of the various railway companies are vying to buy shares in the Transcontinental Railway. Attempts were made to increase influence in the choice of docking of railways.

There are also rumours that Transcontinental Rail has signed purchase agreements with major steel mills, fueling the recent rally in steel stocks. As a result, entrepreneurs in the steel industry have also begun to favor this stock.

In the end, although the brokers on the floor did not underwrite the stock, it was readily available from curbside brokers off-exchange.

Like any field in the world. Stockbrokers on the New York Stock Exchange are also hierarchical. The easiest way to do this is to divide it into two grades: "on-site" and "roadside".

Since the signing of the Sycamore Tree Agreement, the most successful group of brokers traded stocks in a meeting place, the predecessor of the "New York Stock Exchange", and those who were able to join were "on-site" brokers, in effect forming a price alliance that charged commissions. And on the sidelines, of course, are the "roadside" brokers, who are excluded from the richest brokers in New York, but who are underwriting stocks. However, it still plays a very effective role in disseminating information.

Every "on-floor" big broker. All of them will inevitably dominate and influence a group of "roadside" brokers to become a combat team. The function of this team is not only to help customers buy and sell stocks, but more importantly, to carry out various financial battles of disseminating information, buying and selling short.

If a company wants to issue shares on the New York Stock Exchange, working with an "on-site" gentleman is the easiest way to do it. On the other hand, if the gentlemen "on the floor" ignore a stock, then the stock will basically become an outcast.

Of course, the conditions for entering the "field" are also very simple, as long as you pay an annual fee of 5,000 US dollars, you can become a member, which is equivalent to the income of the middle class for five years. After a certain "roadside" broker has done a successful business, he has organized a team and has enough capital, so he will naturally buy a seat and come to the "market".

Brokers in the market wondered why Transcontinental Rail would rather go to the retail brokers on the side of the road than work with giants like them with strong sales power. But they soon learned the answer.

On this day, the "floor" of the New York Stock Exchange came to the "floor" of a rookie member who had just paid the annual fee, and she was also a female broker, her name was Di Xia, who relied on the many scattered small brokers organized on the "roadside" to promote a large number of stocks on the transcontinental railway.

Someone muttered, "Dixia has been on Wall Street for many years, I didn't see her so capable before, but this time she was able to speculate a large-cap stock so successfully." ”

More members don't even have any impression in their minds about this small agent who used to be on the sidelines, and can only sigh, "There will always be someone who will encounter good luck, and they can get on the top when they encounter a good theme." ”

Others dismissed it, "There are two completely different worlds on and off the field, and there are people who are eliminated all the time." Newcomers who buy seats and come in can only be counted as once they have come in if they can stay here for three months without being eliminated. ”

"Well, it's very unfortunate that we're in this day and age, and there's a Mr. Little and a Mr. Drew, both Wall Street myths, ready to beat any sophisticated agent to nothing. ”

"Not to mention that the newcomer this time is a woman, I don't think she really should enter the scene, and keep doing it on the side of the road, at least it can be mixed up a little bit. ”

......

At this moment, the real Dixia is busy doing paperwork in the manager's office of the Transcontinental Railway Company.

She is an outsider who has come to New York alone to earn money. New York's population has surpassed Philadelphia to become the largest city in North America in just a few decades, and the vast majority of its citizens are outsiders like her.

Stockbrokering in New York is a tough job, and if you want to climb the ladder, you have to have the best acting skills in the world, because you're going to cheat the whole of America and the world.

Unfortunately, Dexia has been an obscure roadside broker since the last economic crisis of 1837, when the financial markets in the United States were bleak for seven or eight years.

As for why she works as a stockbroker, the reason is simple, she is very ugly.

Because she was ugly, she couldn't do service jobs like maids, let alone find someone willing to marry her to be a housewife.

But she has a good memory, and she runs very fast, and can inform her customers of the transaction information in the market as soon as possible, so she can always work as a broker. At that time, the small brokers who were busy delivering stock price information were figuratively called "errand runners".

However, after seven or eight years of running, Di Xia found that he was no longer young, and gradually began to feel that he couldn't run. She thought sadly that in a few years, she would be able to do even the job she currently earns a living, and she had no idea what career she would be able to make.

Then, just half a month ago, she met a very beautiful girl, so beautiful that Dixia felt that if she used multiples to describe the gap between herself and her, it should be at least the order of millions.

To her surprise, the girl approached her to take over her agent's job. In the other party's deep eyes, which were so dark that they could make themselves sleep, Di Xia unconsciously told all the aspects of his years of working as a stockbroker.

What surprised her even more was that when she was fully conscious, the girl in front of her, who was so beautiful that she didn't speak, actually became exactly like herself, which made her can't help but scream.

Then came the thing that surprised her the most, the girl also moved her face, and then when Dixia looked in the mirror, she found that her face was no longer particularly unpleasant, as if it had suddenly become zero from a negative number.

"As long as you learn to dress up, anyone has a beautiful side. ”

Dixia took a large sum of money in a daze, changed her name to Sarah, and was introduced to the Transcontinental Railway Company as a secretary as a new urban immigrant. (To be continued......)