National Tide 1980.
Chapter 1401 Cruel Reality
October 1987, 10, the last trading day of the week.
This day was the calmest for the French stock market since Black Monday.
You know, after several days of bloodbath, stimulated by a series of rescue policies urgently introduced by the French government, the market has finally successfully turned from a unilateral decline to a volatile rebound in the past two days.
Especially today, the volatility trend has flattened, and all major investment banks have basically recovered.
In order to save their market value, many companies that do not have major operational problems are trying to issue clarification announcements or release favorable performance forecasts to coincide with a market value rebound.
It can be said that the atmosphere in the French stock market finally became more optimistic on this day.
Surprisingly, 1% of all stocks rose moderately. Although the increase was not large, almost 3% to %. But compared with the fearful atmosphere of the previous few days that made people panic as if the end of the world was coming, the market trend of this day can be said to be the most pleasant and pleasing day.
Especially for retail investors, at least they can see that the decline has clearly stopped, and everyone can finally relax.
Therefore, those who still have "bullets" can finally boldly add to their positions. They will inevitably think that as long as they are willing to exchange time for space, their losses in this stock market crash will slowly be made up.
However, even on such days there are exceptions, for example, stocks like LVMH and Dior are still in a downward trend, and they seem to be continuing to fall.
In the past few days, the performance of these two stocks has been extremely bad. Not only has there been no decent rebound, but they have instead started a long bear market.
Like today, as soon as the market opened, the two stocks started competing to hit new lows.
And it's either a plunge or a decline.
The price that was there just now will be a little lower after five or ten minutes.
Even if there is an occasional larger buy order that pushes the stock up a little, there will immediately be at least twice as many sell orders to push the stock price down, which gives people no hope at all.
As a result, the patience of most retail investors holding these two stocks has been worn out, and more and more selling orders are beginning to emerge.
No one will know who is deliberately suppressing the share prices of these two stocks.
No one knows that the purpose of these people is to use this method of slow torture to force everyone to completely lose confidence in these two stocks and hand over their chips in despair.
"Buy, buy, buy! Let's keep buying! The selling orders have already come out, let's increase our positions if the price drops a few cents!"
"Okay, okay! The quantity has been increased! I bought it and I have taken down another 20,000 opponents!"
"Go on! Go on! No, no, someone has paid the bill. It's LVMH. More than 3,000 lots. Who is overestimating his own abilities and going against us?"
"Give it to him, give it to him. We will give him 8,000 lots of goods. We cannot let the market show any signs of rising. This will shake the confidence of the sellers..."
"Okay, okay, the price has dropped another 1%, and more selling has been stimulated. That's it, you deserve it, you asked for it, go home and cry..."
It was the VIP room of the 5th Arrondissement branch of CLSA. With the opening of the Paris Stock Exchange, the room was bustling again, just like yesterday.
Several traders who specifically served Ning Weimin and his team communicated loudly, encouraged each other, and gradually implemented the plan of low-price capital accumulation for Ning Weimin and his team.
This day's trading can be said to be very successful, and the process of accumulating funds was very smooth.
If for no other reason, they now have money and bargaining chips. Compared with before the stock market crash, their strength has at least doubled.
On the contrary, those financial hunters, institutions and investment banks that might ruin their plans were severely damaged.
Therefore, this camp is now like gods for these two stocks that they have basically controlled. They can do whatever they want and are crushed by the stock prices of the two companies.
Any hot money or institutions that come in without knowing the limits will be trapped in a pit.
As for their achievements, it can be said that they are just one step away from success.
Because over the past few days, several traders have helped Ning Weimin and others buy a total of nearly 11% of LVMH shares and 27% of Dior clothing shares.
The cost was only 600 million US dollars, which is economical and cost-effective.
In this case, if the 30% share originally held by Henri Lacamier is counted, even if Bernard Arnault did not buy a single share, he would still retain all the LVMH shares that were originally controlled by him.
Ning Weimin and his team are sure to win.
As long as they continue to increase their holdings of Dior Fashion shares in the open market and their holdings exceed the 35% restricted shares held by Bernard Arnault, they can count the LVMH shares under the name of Dior Fashion as their own. As a result, their shareholding can approach 47%, while the other party will lose the same share. Of course, the outcome is no longer a surprise.
So it's very different from the traders who are still busy and stressed.
Ning Weimin, Pierre Cattin, and Henri Lacamier are all in a very relaxed state now.
They were sitting in the VIP room, smoking cigars, drinking champagne or cognac, and chatting happily. They talked about their plans and intentions after regaining control of the company, and of course, they also talked about how heavy the losses of their opponents were.
They all knew that Bernard Arnault was already a fish on the chopping board, and he was just one breath away from being finished.
And when this is done, not only will they reap the fruits of victory, but their names will also become famous throughout the French business community, and everyone will admire them for their beautiful victory.
They even invited some friends who helped to celebrate together and share the joy.
For example, Alain Delon and Catherine Deneuve are also here today to share the joy of successful cooperation.
Of course, there are also monetary gains.
As people who followed Ning Weimin to reap the benefits, they are also vested interests. Not only did they avoid the stock market crash, but they also made a lot of money by shorting LVMH and Dior Clothing.
Ning Weimin never treats his friends unfairly and never asks people for help for free, which is why he is so likable and trustworthy. Anyone who has dealt with him will regard him as someone they can truly trust and work with.
"Haha, I didn't expect that making this money would be so comfortable. Thank you, cheers to you."
For example, Alain Delon saw the current situation and raised his glass to express his gratitude to him.
This time his profit has reached half of his principal, which is equivalent to tens of millions of francs. He is already satisfied.
"Yes, that's great. It looks like the stock prices of the two companies will continue to rise like this. Thank you, Ning, you are such a good person." Catherine Deneuve also raised a glass of champagne and said so.
However, women tend to be more greedy, and even so, they still feel that what they earn is not enough.
This one, soon complained again, "Damn, I wish I had raised another 10 million, God, why don't you give me a little more courage."
Moreover, she was completely unaware of it and did not think that there was anything wrong with her greed or that it was hurting the "dignity of the goddess".
She was still watching the market with great interest. To her, nothing was more interesting than this.
Of course, she would not notice that the people in the room looked at her with a sidelong glance at her contrasting behavior.
This is a scene that is enough to make everyone laugh. Not everyone is lucky enough to see Catherine's true nature being revealed in this way.
But compared to these winners, most people don't feel so good.
Ordinary people who invested their hard-earned money in the stock market over the years - they originally hoped to make some money for retirement by taking advantage of the bullish stock market, but in the end, all their money disappeared without a trace in the falling stock prices in just one day.
In fact, the more powerful a person is, the greater the loss will be, and the more painful the changes in life will be.
So far, many high-level investors have suffered heavy losses due to this stock market crash. Sam Walton, the world's richest man, lost $21 billion in stock value in one day.
Bill Gates, the youngest billionaire in the United States, lost $39.45 billion.
Computer tycoon Wang An lost $19 million on the afternoon of the 3100th alone...
Today, 400 of the 38 richest people in the United States announced by Forbes, an authoritative American financial magazine last month, have disappeared from the list, and many millionaires have become paupers overnight.
Even because of the shock of the stock price plunge, many people who suffered heavy losses became extremely fragile psychologically.
Many people, overwhelmed by the debt burden caused by the stock market crash, suffered complete mental breakdowns, and reports of suicides began to emerge.
On October 10, 23-year-old American Veron Lamberg committed suicide by gassing himself in a hotel due to setbacks in the stock market.
On the same day, Arthur Kane, a middle-aged man in Miami, USA, who had fallen from a millionaire to a debt of nearly 10 million US dollars due to the stock market crash, shot and killed the vice president and broker of Merrill Lynch Securities and then shot himself.
Of course, at this time, another person who was living a life worse than death was our protagonist's opponent, Bernard Arnault, who was supposed to become the king of the French luxury industry.
If the protagonist hadn't come in and interfered, he would at least not have lost so badly and would not have been on the verge of bankruptcy.
At the French branch of Lazard Investment Bank, professional financial hunters were arguing with each other in a meeting. "Do we have to sell some more securities and bonds? This damn rebound is almost over! There will be further declines. We have to prepare funds and make up for the losses by short selling. If we don't do it, other investment banks will short sell, and we will be more passive."
"I don't think it's feasible to short sell rashly! This is France, not the United States! The U.S. is still falling because they have a big problem! There is no such a big bubble in the French financial sector. The French economy has been weak for a long time and there is almost no water left! What if you do the wrong thing? Will it cause more blood loss?"
"Mr. Frank, you can't just sit there and do nothing! You are the head of the French branch, you decide what we should do next! If we continue like this, all the profits we have made in the past few years will be gone. No matter what we do, we must find a way to make up for it!"
Frank Meyer, who was forced by his subordinates, had no other choice, but he knew at least one thing: whether going long or short, he needed funds.
So he could only continue to put pressure on his former good customer and good friend, Bernard Arnault.
As for Bernard Arnault, he had completely lost all hope after receiving a call from Frank Mayer demanding funds that day.
Having to face up to his failure, he slumped in the chair behind the long desk, staring at the ceiling, his mind almost blank.
He stared at the chandelier on the ceiling in despair, motionless, but his eyes were filled with red falling numbers.
He blinked his eyes hard, totally unable to accept the fact that the shares he controlled were facing the result of being liquidated at a low price.
If calculated based on the stock price a week ago, the value of the stocks he holds has lost more than half due to the stock market crash.
The billions of dollars he had worked so hard to save, and the assets he once controlled totaling as much as four billion dollars, disappeared so easily.
If it weren't for the stock market crash, he should have been king.
But now, everything that should have belonged to him has once again belonged to that old fool Henry...
Asshole! Why is this happening?
What did I do wrong to be punished like this?
Why isn't God on my side!
Bernard Arnault closed his eyes in pain, and suddenly remembered that he would hold a board meeting next week to disclose the third quarter report.
Thinking of this, he was sure that Henri Lacamier would return to the board and laugh at him in his face.
That kind of scene gave him a sudden shock.
At this moment, he really felt that there was no point in living. He went out in a daze, dragging his feet mechanically, climbed up the fire escape, and actually reached the rooftop.
It is sunny in Paris in autumn. Even though there is a strong wind on the rooftop that makes my clothes shiver, it is not cold at all.
But as a loser, when he thought about the mess he would have to face, his body kept shaking as if he was falling into an ice cellar.
He squatted down silently, looking at the busy scene below the tall building in a daze, and staring at the people strolling along the Seine and the cruise ships on the river.
In order to save his dignity, he wanted to jump, but he was unwilling to accept such an ending and was still trying to figure out why he had ended up in such a situation.
“Squeak…”
Just when his mind was in a mess, the iron door leading to the rooftop was pushed open again.
Bernard Arnault looked back and saw that the person coming was a gentleman in a high-end suit.
He looked familiar, but he couldn't remember his name. He was not sure if he was a subordinate in his company?
He was very suspicious, was the other person coming over to look for him because he had just seen him?
So he felt a little embarrassed. If he was found on the rooftop by his subordinates at this time, once the news spread, he would become the eternal laughing stock of his opponents.
Yes, he couldn't die here, so he regained consciousness.
I immediately decided to cover up this matter at all costs.
He was about to stand up and make up an excuse, but what happened next terrified him.
Because the other party didn't even look at him, he untied his tie, ran to the edge of the roof, and completed the last leap of his life.
"Ah!" The long cry even made him think for a moment that he was lucky enough to see a flying superman in this real world.
But then, "Beep, beep!" a sharp car alarm sounded from below the building.
Then there was a woman's scream.
All this completely brought him into the cruel real world.
"Damn it! I just saw it with my own eyes..."
At this moment, he finally reacted, threw himself to the edge of the roof, and lay down to look down.
That’s right, the person who was alive just now has turned into a blurry dot on the roof of the car.
With the glaring blood red as the center, pedestrians gradually gathered around.
Ten minutes later, Bernard Arnault fled back to his office in a panic, with a large spot on his pants wet.
Soon he heard someone spreading the news that the man who jumped off the building was the vice president of a financial company. Due to his private use of leverage, he encountered the stock market crash and owed huge debts. He jumped down in desperation.
Afterwards, he made an important decision while still in shock. He did not die, but surrendered, formally surrendering to his opponent.
No matter how much humiliation he has to endure, he must survive and try his best to keep Dior clothing.
Because when people die, everything is gone, but he is not the loser who jumped off the building. He is not that weak and stupid.
Even though he is unlucky this time, as long as he still has a company, he still has a chance to make a comeback and avenge his previous shame. (End of this chapter)
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