Siheyuan (courtyard house): My name is Shazhu!
Chapter 444 An Unusual Black Monday!
"On the 16th, the 'Triple Witching Day' (when stock options, stock index futures, and stock index option contracts all expired simultaneously), the market experienced sharp fluctuations, with the Dow Jones Industrial Average falling by about 108 points that day (a drop of more than 5%)."
We are prepared for the Dow Jones to plunge 22.6% (down 508.32 points) when the market opens tomorrow.
Sell all profitable stocks before the 15th, leaving less than 500,000 shares. Sell them all when the market falls, hoping to cause a greater drop in the overall market.
"This may have been done on purpose by the Little Eagles. All I know is that they were transforming after that, and the financial industry is on the rise."
Is there anything I can do? It's possible to come to the Big Apple stock exchange floor 24 hours a day.
"There's still time. If possible, it's not like a trader misplaced a decimal point... Could you go over and try to add a few more?"
"I'll go over there."
Go to the coordinates of Little Eagle, then take a commercial flight to the Big Apple City. There are still six hours before their opening.
Typing the wrong decimal point was too easy for He Yuzhu. Looking at the noisy and chaotic trading hall staff, He Yuzhu chuckled and did not enter the trading hall.
It's pretty cool to manipulate transactions from five kilometers away, having trillions of dollars in wealth at your disposal – that feeling is intoxicating.
After He Yuzhu targeted several major banks, he felt that this stock market crash was premeditated, as they were also dumping shares instead of supporting them or observing the market.
Since that's the case, I'll help you out by selling more stocks and causing the market to crash. With you guys around, they won't have to trigger a circuit breaker.
He Yuzhu continuously "verified" the number of shares dumped by nine major banks. The amount of selling was more than ten times the amount of shares dumped, causing the stock price to plummet like a waterfall.
The market has gone downhill and there's no chance of a rebound. The only option is to sell stocks. The market index continues to fall, seemingly without end.
Before 3 p.m., many people climbed to the top of tall buildings to practice freefall.
These are all major clients who used leverage and loans when trading stocks.
The stock market crashed, their leverage was breached, and after forced liquidation, they lost everything and still owed a large amount of money. If they can't repay it, it would be better for them to dedicate themselves to science.
Some are happy while others are sad. Even the nine major banks are facing headaches. The market has fallen more than expected, and their traders have made mistakes.
This means we need to recalculate at what price to buy at the bottom, as other companies are heavily involved. What are they trying to achieve?
Little Eagle now has too many banks, which are far beyond their complete control. This time, with uncontrollable factors emerging, they are just as helpless.
In order to further intensify the crackdown on the market, they also smuggled some US dollars from some banks, not much, less than eight billion, and some raw materials near the Big Apple.
He Yuzhu returned to the coordinates at 2:30 pm and went back to the port city. The rest was none of his business.
Back in the port city, due to the time difference, the trading market was suspended during the opening hours, which reminded He Yuzhu of the four-day suspension incident.
Unleashing my divine sense, I scanned back and forth in the port city, focusing on Niu Niu and the Li family.
An hour later, He Yuzhu sighed and said, "This time, Lao Li is courting death. He dared to suspend trading for four days. We need to keep a close eye on the market and find out who dared to short sell at this time."
How's it going with Little Eagle? Have you guys bought in at the bottom yet?
"There was no bottom-fishing over there. You played it pretty aggressively, and it only dropped 29%. We think that's a bit low. It will drop further when the market opens tomorrow."
After the Hong Kong stock market opens, I'll have someone keep an eye on them; I suspect it's related to those people who are making a killing.
"I wanted to find some evidence for Lao Li. It's not good for others to enjoy the benefits while he ruins his reputation in his later years. He used to treat me well, so this is a way of repaying him."
"It's a small matter. Let's take this opportunity to buy more shares and boost the stock price of our own people."
"Can."
The market finally stopped falling 45 minutes after the opening of trading on the second trading day. Including Friday's decline, the Dow Jones Industrial Average fell a total of 49.3% in three days!
Almost halved!
The decline was rapid, but the stabilization was also quick, with massive buying activity emerging and wiping out the 1% drop that day.
It left all the financial professionals in the world dumbfounded; the orderly arrangement made it seem as if someone was directing everything in unison.
You're playing us. Our stock market has been severely damaged because of you, but you're rebounding sharply. What about us?
The ups and downs were intense. First, nearly three trillion US dollars evaporated, and then the market value was boosted by five hundred billion dollars. It was more exciting than riding a roller coaster.
"There are too many people buying at the bottom this time, so we only used 30 billion. We can still buy some stocks tomorrow."
"That's good. Their banks and investment banks, as well as some small and medium-sized institutions, are all full of elites. They won't miss such a good opportunity to buy at the bottom."
We're happy with just a small profit. The main focus is on gold futures; we can make quite a bit more money with leverage—enough for substantial profits for our bank.
It's already October 1987. How many retirees does our company have? We're building some housing in Yuen Long and the North District.
Housing profits shouldn't exceed 15%. Our workers' children also need housing. And regarding the bus company's service frequency, if it's insufficient, we'll add more routes and increase service frequency.
"Making money is still not the primary concern. More than 80,000 people have already retired."
"How much money can we make from some poor people? As long as we don't lose money, that's fine. Let them know that even if our Dongda Group's manufacturing operations aren't here, we won't mistreat them."
"I've been working here for over 30 years, so I have some attachment to it. It's a pity that the factory is old and can't keep up with the times, which makes me feel a little bad."
In five years, over 150,000 people will retire, the old workforce will be almost entirely gone, and the manufacturing plants will be shut down.
"The cycle of thirty-seven years continues, with birth, aging, sickness, and death. We can't stop the company from declining from strong to weak. Let it be. We've done our best!"
It's no secret in the port city that many of Dongda Group's factories are closing down, employees are retiring, and the remaining staff are being merged.
They had known about this for fifteen years, and there was nothing they could do; the tide had turned against them.
Fortunately, Dongda Group has always been very strong in the real estate and financial industries, and its profitability is beyond question. So there is no need to worry about what will happen to myself and the company in the future.
After the stock market opened on October 26, He Yuzhu and Dongda Group closely monitored the market trend.
"Mr. He, it's those businessmen and foreigners like Niu Niu who are colluding to suppress the market. Niu Feng Bank is also playing a negative role in this. How should we deal with it?"
"The solution to this unexpected disaster is simple: these people thought it was a sure win, so they all used leverage, most likely ten times leverage."
The total market capitalization of the stock market is only HK$1.4 trillion. They forgot that in the financial market, money talks. They were wiped out, shown that this place isn't fun.
"The Hang Seng Index has a smaller market capitalization, and today the Shanghai Composite Index rose from 3949.7 points to 4543 points."
The market, which had already fallen by 20% at the open, suddenly turned around and rose sharply, climbing in a straight line to 3900 points, 4000 points, 4300 points, and 4500 points.
In just nine minutes, inexplicably, the market index rose from a drop of 800 points to a gain of 500 points, a total increase of 1,300 points, in just nine minutes.
Looking around in bewilderment, he heard Sir Zhao Youcai's voice in his ear, "The stock market decline in Little Eagles is accidental. They will calm the index down in a few days."
Why is our economy experiencing a sharp decline when there are no real problems? It's artificial, an attempt to buy the dip and fleece retail investors. Our Dongda Group is here to tell you—
impossible!"
You'll Also Like
-
Ash, with his invincible physical body, wants to become a Pokémon Master...
Chapter 676 3 hours ago -
I Am an Emperor in a World of Mixed Anime
Chapter 280 3 hours ago -
Popularity is everything, and my art style is just too quirky!
Chapter 229 3 hours ago -
Konoha's Hextech Ninja
Chapter 304 3 hours ago -
Is this the world of card dealers? Yada thieves!
Chapter 1427 3 hours ago -
Pirate: I have a Hollow living inside me!
Chapter 439 3 hours ago -
Battle Through the Heavens: Achievement System at the Start
Chapter 88 3 hours ago -
Outrageous! I threw a hundred or so overpowered characters into Douluo Continent.
Chapter 32 3 hours ago -
After maxing out my affinity, my signature weapon kept evolving.
Chapter 24 3 hours ago -
Traveling Between Two Worlds: From Bread for Maids to Fantasy Overlord
Chapter 400 3 hours ago