National Tide 1980.

This is by no means an evenly matched battle between bulls and bears.

On October 10, the capital market in Wall Street in the United States began to collapse.

For the capital markets around the world, it has become a one-sided massacre of bears against bulls.

The blood flowed for thousands of miles, it was a horrific tragedy.

Regardless of whether the truth of this matter is as many investment banks have defended themselves afterwards.

They said they were caught off guard and it was all due to program trading. When the computer program saw the stock price falling, it started selling the stock according to a mechanism that had been set in the program, forming a vicious cycle and accelerating the decline in the stock price. The falling stock price in turn caused the program to sell even more stock.

But at least it is certain that this reason is valid to a certain extent, and it should at least be one of the more important reasons.

You know, these days, people who are keen on the reform of electronic office work do not have enough understanding and clear awareness of the drawbacks of the newly emerging electronic systems. No exchange or securities firm has emergency measures and principles related to risk prevention.

The world's leading financial institutions, whether banks, securities firms, or fund companies, never imagined that one day there would suddenly be such a concentrated selling pressure on short orders.

That's why they were caught off guard.

Otherwise, there would never be an epic crash like this one that caught everyone completely off guard.

In fact, any so-called "professional" financial institutions involved in this are as confused and panicked as retail investors, and are at a loss as to what to do. The only thing they can think of is to sell! Sell! Sell!

This caused all stocks to fall uncontrollably, like a runaway train that derailed, completely refreshing the perception of investors around the world.

At the close of the day, the U.S. market suffered the biggest drop, with stocks of almost all major companies in the U.S. market plummeting by around 30%.

The Dow Jones Industrial Average fell 508.32 points, from 2246.72 to 1738.470, a drop of 22.6%.

This was twice the level on October 1929, 10, which triggered the Great Depression, setting a record for the largest single-day drop.

On that day, the face value of $5030 billion of stocks, which was equivalent to France's annual GDP and one-eighth of the United States' annual GDP, was wiped out in one day.

And this huge panic is spreading around the world like a plague.

As a result, stock markets in London, Frankfurt, Paris, Tokyo, Sydney, Hong Kong, Singapore and other places were all affected and began to plummet.

At the close of the day, in Europe, the London Financial Times Index fell 183.70 points, a drop of 10.1%;

The Credit Suisse index fell 11.3%, the Netherlands 7.8% and Belgium 10.5%.

Stock markets in Frankfurt, Stockholm, Milan, Amsterdam and other cities also fell by around 10% to varying degrees.

In Asia, the Hong Kong Hang Seng Index fell 19 points, or 421%, on the 11.3th, also setting a record for the largest one-day drop;
Singapore's Straits Times Index fell 19 points on the 169th, a drop of 12.4%;

The Australian All Ordinaries Index fell 80 points, or 3.7%; the FTSE 30 index fell 183.7 points, or 10.1%; the FTSE 100 index fell 249.6 points to 2053.3 points, with investors losing £500 billion.

Stock markets in Brazil and Mexico fell by more than 20%...

As for the stock market that fell the least, Japan ranked first, with the Nikkei index falling only 2.35% on the day. The second was West Germany with 3.7%. France ranked third with a drop of 6.1%.

The reason for this is not because these markets are so strong, or because they all have their own operating rules and are less affected by the US market.

In fact, the key lies in the time difference and the reaction speed and judgment speed of local investment banks.

So another day passed, and the real crash in these markets finally came.

Whether it was Tokyo, West Germany, or France, they all continued to fall on October 10, with each falling by 20%.

So for Ning Weimin, it was because he accurately predicted the stock market crash and made adequate preparations.

His camp naturally became the luckiest winner.

Let’s not talk about anything else. Just say that on the 19th, after he received the exact news from Shen Cun, he quickly used his credit line and invested the equivalent of billion US dollars in short selling before the market went completely crazy.

Just by doing this, they made a huge amount of money, it was crazy.

Even on the 19th, due to the lag in computer system operation, the trading system of the French stock market soon became congested due to excessive traffic.

The number of short sell orders placed after Ning Weimin increased, and in the end there were so many that they could hardly be sold.

Even if they want to make a little less profit and be content, they can't stop profit in time.

The buy transaction order issued by Ning Weimin on that day was not executed at all. It was not until the next day when the stock market opened and plummeted again that Ning Weimin realized that his account was still full of short orders from margin lending, and profits were still flying in the air and continuing to expand.

And so, it was not until the afternoon of October 10 that Ning Weimin closed his short selling quota, including the shares of LVMH and Dior that Pierre Cardin had previously sold short.

Even though they were a little impatient and bought against the trend at a price much higher than the closing price of the day, they still reaped a profit of US$487.55 million.

This means that not only are they no longer at risk of being sidelined, but they also have funds of their own up to US$1.66 billion. With the credit line given to them by Lyon Securities, the funds they can manipulate have reached US$2.4 billion.

Correspondingly, LVMH's total market value has fallen by 36.7% from its peak three days ago. A company worth US$ billion is now worth US$ billion.

This is still LVMH, where chips are relatively scarce, and the selling pressure is relatively small.

Dior Fashion, which had much more chips than him, suffered even worse, with its market value falling by 52%, from US$ billion to US$ million.

If we remove the 35% restricted shares held by Bernard Arnault, the company's market value is less than $ million.

So in this situation, it was as easy as taking something out of a sack for Ning Weimin to get anything he needed.

By October 10, despite the shock of the global stock market crash, local governments quickly took measures to rescue the market.

Hong Kong immediately announced the closure of its stock market for four days, the United States announced the suspension of computer trading and shortened trading hours, West Germany announced a reduction in the securities repurchase rate, and the Group of Seven held a meeting to discuss how to provide liquidity to the financial system.

Stimulated by the positive news, the French stock market also began a retaliatory rebound on this day.

But Ning Weimin only needed to give an order to let the stockbroker who served him sell some LVMH and Dior clothing stocks through short selling.

It was enough to easily stop the two stocks at a low level, and the price could not go up. In fact, he had become a powerful dealer who had complete control over the market, and he could make the two stocks go to the price he wanted at will, and he could buy at any price he wanted.

On the 21st and 22nd, Ning Weimin personally watched the market and was surprised by the entire process of successfully accumulating funds.

Even the stocks that Henri Lacamier had promised to lend him were no longer useful, so those people in the stock market obediently handed over their chips.

A few days ago they were still unwilling to sell, but their beliefs became so fragile during the financial crisis.

Besides, no other funds dare to snatch the chips from them.

Let them eat as much as they want.

At least some money should come out to stir things up, right? Why did it just disappear without any action?
It took him a long time to figure out why these two stocks were like cities occupied by the army, allowing the owners to manipulate them at will, and there was not even any resistance force like small guerrillas.

In fact, to put it bluntly, it is because all the investment banks and big speculators are now stuck in the quagmire and cannot take care of themselves.

They can't even make up for their own losses and deficits, so how could they possibly have the energy to ruin other people's good things?
Now he finally understood that a heavenly tribulation is a heavenly tribulation and its power is so awesome.

This stock market crash arranged by God is like a thunderbolt plowing the ground, and anything can be knocked down.

Not only was this stock market crash beyond human control, it also directly deprived his opponents of any possibility of reinforcement.

Wow, boom! Although he knew all this would happen, he never expected such a magnificent and grand scene to take place.

Even he could only look at what was happening with shock and surprise, and even felt a little pity for his opponent.

Because if nothing unexpected happens, by the end of this week, not only will Henri Lacamier obtain enough share support to take back his company, but even the Dior clothing that originally belonged to Bernard Arnault will change hands.

And all this was because of him. Without his interference, Bernard Arnault would not have lost so badly.

Now we can only say that everything is God's will.

He is a real nemesis of the opponent. It is bad luck for the opponent to meet him.

Of course, as people in the same camp as Ning Weimin and as two insiders who participated in the whole process, Henri Lacamier and Pierre Caton were even more shocked.

They never imagined that Ning Weimin actually won this gamble.

In Pierre Cardon's heart, this omnipotent and all-round subordinate is simply a legend.

Whether it's inventions, financial investments, or even movie music, opening a restaurant is something he does with great ease.

Ten days, just ten days. If you only count the trading days, it’s only seven days. In those seven trading days in France, this guy actually earned more than the total wealth he had accumulated in twenty years.

Even old money like Henri Lacamier, which had been passed down for generations, was surpassed by him.

Because he took over two companies, LVMH and Dior Clothing, in one fell swoop.

The most important thing is that he did not blush or get nervous, and he was able to handle everything with ease and calmness.

What kind of psychological quality is this?
What kind of genius is this?
It is really hard to imagine what kind of achievements he will make when he reaches his age.

People really can't refuse to accept aging.

It seems that no matter how generous I was to him at the beginning, it was not too much. This was simply the best thing I have ever done in my life.

Henri Lacamier was also overwhelmed with emotion.

Now he was no longer worried about the wolf Bernard Arnaud. The wolf with broken teeth was no longer a threat.

However, what Ning Weimin did made him fear from the bottom of his heart. His ability to strategize made him fearless.

At the age of 25, it was just like a Dragon Quest, as he fought a desperate battle with the rogue tycoon who had almost the upper hand and controlled two listed companies. In the end, he won so easily.

Such a person, with such ability, is obviously more terrifying than Bernard Arnault.

What should you do if the other party no longer keeps his promise after winning and turns against you?
It is unrealistic to expect the other party to be a "white guard" who does not ask for anything in return.

The so-called white guards are simply allies, and they ask for nothing more than helping each other.

After a fierce battle for chips, after deducting the losses they have incurred, they will return the shares through various channels and will not take the opportunity to enter the territory of their allies and participate in their future operations.

How could he have such hope when even he himself didn't believe that there were such people in the world?

The White Knight comes at a price.

Since they helped drive away the invaders, as the "country" that received help, they should at least give a princess as a token of their appreciation, right?

Between countries, national interests are paramount, and between companies, corporate interests are paramount. Nothing is free. With respect to this matter, even if the other party's original intention was to "uphold justice" for Pierre Cardin's sake, due compensation is still required.

He is willing to give his white knight a stake and a say in the company he helps.

Because compared to invaders, white knights are less harmful and more trustworthy. At least they won't tear a good company into pieces, swallow up the essence, and sell the rest.

There are so many companies listed on the stock market through backdoor listings, and most of the shells are obtained this way. They are basically the relics of victims of malicious takeovers.

But he just didn't know how big the other party's appetite was. What if the other party wanted to interfere with his business operations?
If the other party also wanted to seek a seat on the board of directors, it would undoubtedly be a potential threat to him. He couldn't withstand the other party's sword that turned around...

In short, he now regretted that he had been too disrespectful to Ning Weimin in his own home. Even after they became allies, he never showed enough respect to the other party.

So even though he saw victory, Henri Lacamier was in no mood to enjoy the joy. Instead, he frowned and couldn't help but eagerly ask Ning Weimin what reward he wanted.

However, the character demonstrated by Ning Weimin easily reassured him.

"Mr. Lacamier, I'm here to help Mr. Pierre Cardon. Not only do I respect your creativity and artistic talent, I'm also very happy that you can take back what belongs to you. As for me, I just want financial returns. Even if I continue to hold shares, I will not interfere in the management of the company. I just hope that you can run the company well, let me keep a certain amount of shares, and share the profits in the future. How about it? Is it okay?"

"No problem. I will always remember your kindness, thank you. From now on, you are my friend. You can come to me for anything related to the Paris fashion world..." Henri Lacamier finally stretched out his hand with relief, his expression showing the smile of a king who restored his country. (End of this chapter)