1928: The Rise of Giants

Chapter 436 The era of big sell-off!

10 month 19 day.

Thanks to yesterday's short-selling rumor and a large number of comments that cleansed Livermore, U.S. stocks rebounded slightly. The Dow Jones index is still falling, but many low- and mid-price stocks have stopped their downward trend.

Only the high-priced stocks at the top are still unable to conceal their decline and continue to run downward.

In two hours of trading, highly volatile high-priced stocks like Auburn and Case fell $25 and $40, respectively, and even General Motors fell $9.25.

In the past, even if the market conditions were not good, General Motors could maintain an upward attitude and not be involved in the curse.

It's a pity that starting from October 10, even General Motors, which has experienced a comeback, will no longer be as stable as a mountain.

Then, on October 10, the stock market returned to its original point, with the Dow Jones Index falling to 20 points. Speculators no longer expected it to return to the 282 mark this year, but just begged not to continue and touch 300 points.

That afternoon, in the Franklin family's villa.

"The recent decline in the stock market has laid a solid foundation for a big bull market in the fourth quarter of this year."

This headline in the "Boston News" was published on the eve of the stock market crash. Ye Luo, who was reading the newspaper at this time, always felt that such news looked very happy.

The final conclusion is to watch as you walk and adapt to circumstances.

It is said that after being fired, the young lady went to the West with a large sum of money, but as soon as she boarded the train, she was deceived into a gambling game.

It's like a huge crowd of people, making people's scalp numb.

In the VIP room, trader Gwen was very leisurely. She was chatting with her colleagues and gossiping about the previous trader, Ms. Kardashian.

Ye Luo got up very early, and after kissing Lin Ruxian and Hui Xin who were still sleeping, he put on his clothes, had a simple breakfast, called Xu Wenqiang and Shi Jianqiao, and drove him to the New York Stock Exchange.

But soon, their smiles disappeared.

Because anyone with some economic common sense knows that the prosperity of the U.S. stock market is equivalent to the current prosperity of the United States. If the U.S. stock market collapses, the country's economy will collapse!

From 1929 to 1939, it was the era when Hoover and others believed that the United States should rise. If it encountered an economic crisis, wouldn't it set productivity and development back ten or even twenty years ago?

Returning to their villa in the evening, Hoover and others had no choice but to pray to God, hoping that nothing terrible would happen in the stock market tomorrow.

At this stage, the U.S. stock market has long been unable to recover, but those people are still trying to save the situation and prevent capital from flowing away too fast.

April 1929, the 10th year of the Republic of China (21).

Liu Xuenong, who was sitting on the second floor early in the morning, had a pale face, veins bulging out of his clenched fists, and his eyes were fixed on the big blackboard, hoping that no scary data would pop up.

More speculators gathered outside the New York Stock Exchange today.

This will make them bear the name of historical sinners, and no one wants this.

Until the evening of October 10, this group of the world's most powerful people still could not come to a conclusion.

Nearly a thousand frustrated people gathered here. Who knows how many guns were hidden?

Shi Jianqiao and Shi Jianqiao concentrated on escorting Ye Luo into the hall, and then rushed around the crowd to the VIP room as quickly as possible.

Although there are still certain gun control regulations in the United States, they are in name only.

Unfortunately, it backfired.

The game continues, and the White House continues to hold emergency meetings, hoping to find a proper solution.

"That's better than Benjamin going to jail." Several others replied with a smile.

"Oh, I heard that she has been sold to a country bar as a waitress." Gwen sighed.

When the market opened in the morning, the Dow Jones index was only 271.5 points, the lowest in history, followed by a large number of stocks that plummeted. You can't even find a stock that has a normal decline, let alone a bullish one.

As of today, Ye Luo and others' batches of position building and short selling have been completed, and approximately US$45 billion has flowed into the stock market, all concentrated on 100 high-priced stocks.

Since the establishment of the position, US$50 billion has been earned in profits of nearly US$1 million. If divided equally among five people, each person will earn US$2000 million. Of course, Ye Luo is actually the big one.

He makes suggestions, has the largest capital, and also has to take commissions from the other four people. Of the 1 million profit, at least 5000 million must be his.

This morning seemed extremely torturous for most speculators.

Endless decline with no hope at all.

Come back?

It feels like I can only be in a dream.

Even so, they still clung to the bills in their hands, and just as Ye Luo expected, they were unwilling to stop until they reached the final step on the rooftop.

In fact, looking back, what is the difference between stock harvesting and telecommunications fraud?

Those who play big will definitely have a rooftop ending in the end.

After a morning of disappointment, Liu Xuenong went downstairs in despair, not even in the mood to eat. But before he could leave the New York Stock Exchange, a large number of FBI rushed over.

Where have I seen this situation before?

But he didn't care and continued to squeeze out until someone suddenly said: "The government wants us to pay a deposit!"

"Deposit?!" Liu Xuenong suddenly looked up and looked for the source of the sound, but unfortunately he couldn't find it.

But the margin rumors were immediately confirmed by New York Stock Exchange staff.

In order to stabilize the stock market, the White House requires the collection of "margin". I don't know who the wise man came up with this method.

If it was in the past bear market, this approach would naturally be very effective.

In order to protect their basic market and are reluctant to leave the profitable stock market, investors will agree to pay a deposit and continue to stay in the stock market.

But now, it is equivalent to letting investors die in the stock market!

I have already lost confidence in the US stock market, and now I am using this method to retain people, which will naturally be counterproductive!

Investors realize that if they really pay a margin, their savings, real estate and other assets will be firmly locked in the stock market.

At the same time, more and more speculators have reached the limit of their financial resources and have been forced to liquidate their positions, losing everything.

I had a hasty lunch at noon, and when Liu Xuenong came back again, the trading hall was already extremely excited.

All the windows were full of people, speculators who were unwilling to pay margins and would rather sell their stocks and run away!

This afternoon, the speculators were like crazy people. They finally broke the last thread and were no longer willing to play stock games with those rich people!

Liu Xuenong stared at all this without even going to the window to consult.

Because he knew very well that if he chose to sell all his stocks at this time, he would lose only 3800 million US dollars of his 800 million US dollars.

What will he use to repay this $3000 million debt?

Not to mention the important figures in the military and political circles of the Republic of China, just Edward, who was eyeing him eagerly, was enough for him to drink from a pot.

"Sell, then take the remaining money and run away?"

A bold idea came up, but he quickly rejected it.

The family is still here, and the money can only be deposited in the bank, which means it cannot be taken away.

And if you run, where can you run?

He had lost 3000 million US dollars, and those people were afraid that they would pursue him to the ends of the earth and kill him!

"Wait, wait some more"

10月21日，纽交所全天抛售量高达600多万股，以致股市行情自动记录器到收盘1小时40分后才记录完最后一笔交易。

Citibank's president, Charles Mitchell, had just returned from Europe and immediately went on the airwaves to try to calm speculators with assurances.

The White House also immediately canceled the decree on deposit payment, but it was too late.

(End of this chapter)