1928: The Rise of Giants

Chapter 447 Black Monday

April 1929, the 10th year of the Republic of China (28).

In the history of world stocks, this day is called "Black Monday".

When the market opened in the early morning, countless desperate speculators gathered outside the New York Stock Exchange and rushed into the market.

They stared at the big blackboard and went through a weekend of rest. Everyone was eagerly looking forward to seeing whether the US stock market could come back to life.

Kong Xiangxi and Qiaojiao Sassoon, who were mixed in the crowd, looked solemn and waited for the data.

Their securities investment company has invested nearly 2000 million US dollars in it, which is equivalent to about 1 million yuan. It can be said that all the profits they made in the Republic of China have been wiped out.

If you don't succeed, you will become benevolent.

Ye Luo, who also arrived at the New York Stock Exchange early, looked relaxed and entered the VIP room surrounded by a group of people.

This was the first time Kong Xiangxi and Ye Luo met in the United States. The two looked at each other for a while, and Ye Luo left in a hurry.

Not long ago, Kong Xiangxi also learned about Ye Luo's situation from various channels.

He indeed began to pessimize the U.S. stock market on the eve of the crash. He did not miss any of his papers, speeches, and even the internal actions of Hongxing United Group.

The moment the Dow Jones Index and New York Times Index came out, the hearts of all speculators sank suddenly.

The reputation of "Tiaojie Sassoon" that he has been running for many years has been completely ruined!

If a large sum of money was lost this time in the United States, it would be basically impossible for him to continue to compete with Ye Luo for business in the Republic of China.

Kong Xiangxi looked at the big blackboard and felt inexplicably nervous.

In this era, if you want to make big money, you must have enough connections and funds.

In America, the two are not on the same level.

Now the situation has reversed, and Ye Luo's reputation and status have naturally increased.

It feels increasingly difficult.

The big blackboard has finally been refreshed.

Kong Xiangxi even began to consider selling some of the company equity held by his family to relieve financial pressure.

This time the Sassoon family suffered a heavy blow.

He himself lost more than 800 million US dollars, and I heard that his eldest son Edward also lost million US dollars!

Over the years in Shanghai, Qiaojiao Sassoon has monopolized many industries. The total profit in the past ten years has only been one to two hundred million. Now the loss is more than one hundred million, which means that all ten years of hard work have been in vain.

"The war between the principal and Yan Xishan is getting ready, and the funding problem will eventually fall on us."

The collapse of the US stock market will also bring various chain reactions.

Those people in the Republic of China will no longer believe in their ability to make money.

What worries him most is that following Kong Xiangxi and taking a pile of equity to fight the U.S. stock market this time, if successful, the reputation of the Sassoon family will spread to Europe and the United States, and radiate to the United Kingdom and other places.

At the close of trading last Friday, the Dow Jones Index was at 188.2 points, but when it opened this Monday, it was only at 176.5 points!

"It's hopeless. The U.S. stock market is completely hopeless." Sassoon's eyes were sinister. After saying this, he took a long breath and turned around and left without looking back.

But if it fails.

9: am.

Unfortunately, it was the hottest period of the US stock market at that time, and people looked at him like a clown.

Sometimes fame is more important than money.

Kong Xiangxi also sighed and left.

Most of the people left in the trading floor were stunned and no longer had the strength to go crazy.

Deathly silence.

In the VIP room.

Gwen and a group of traders were very busy because Ye Luo had allocated another US$20 million to increase the position, and the leverage was still times.

At the same time, the funds in the hands of Livermore and others were also running at a high speed, vowing to turn the US stock market, which now only has more than 200 billion left, upside down. When things got to this point, Livermore already understood Ye Luo's intentions.

He is not shorting U.S. stocks at all, but shorting the United States!

This country will become a stepping stone for his rise.

In order to conceal his Chinese identity and avoid subsequent troubles, he deliberately approached himself and asked himself to bear this name.

He took away this benefit.

For this reason, Ye Luo also decided to let Huixin and Livermore have a fake marriage.

In this way, the pile of short profits in his hand can be reasonably transferred to Huixin.

He himself can stay behind the scenes and not be noticed by too many people.

After this matter was brought up, Franklin and others fell silent.

Ye Luo's appetite is terrifying, and his plan is terrifyingly meticulous.

At this time, they were on the same boat and could only walk all the way to the dark side together, supporting each other and helping him hide everything.

Otherwise, if Ye Luo explodes, then everyone on their line will become sinners in the United States.

Huixin pouted and was not very happy. Although it was a fake marriage, it was also a real second marriage. At present, everyone regarded her as the daughter-in-law of the Dewit Bookter family.

If you include the real husband, the dead Li Daren.

She has been married three times!

However, this is for his lover.

After many attempts to reassure her, Huixin reluctantly agreed.

The worst thing was Livermore. He was well aware of the relationship between the two. Livermore himself still had a wife and was forced to divorce and remarry, leaving his hair green.

Even if everyone knows that this is a stop-gap measure, he still has to wear this cuckold.

The afternoon was spent busy adding and closing positions.

"Black Monday" lived up to its name. By the time the market closed, the New York Times Index fell by 49 points, while the Dow Jones Index fell from 176.5 points to 138.21 points, a daily drop of nearly 30%!

Not much needs to be said about the stock price.

No matter which category of stocks, they continue to plummet and show no signs of rising.

At the same time, the lights on Wall Street were bright all night, and brokers tried their best to help customers analyze stock prices and predict future stock market conditions.

Thousands of telegrams were sent from Wall Street asking for more margin, and there was no way around it.

Increase the amount of margin to prevent the money already retained in the stock market from flowing out and maintain the current market.

This time, however, all speculators realized that bankers could no longer convincingly stem the avalanche.

All they were trying to do was prepare to bid for the stock when no one was bidding, making the rout look orderly.

Anyone who follows them and sticks to the U.S. stock market now will really have too much money and no use for it.

When leaving the New York Stock Exchange, Ye Luo specifically asked Gwen and others to calculate the total profits in the recent period.

After deducting commissions, he earned nearly 10 billion U.S. dollars, and Livermore and others together also earned 10 billion U.S. dollars.

When the stock market crash began, they had already made a huge profit of US$20 billion, and this number obviously has the potential to continue to expand.

Ye Luo walked out of the New York Stock Exchange in a happy mood. He also took a look at the stock prices of companies such as American Radio and American Pharmaceuticals that rejected him. Most of them fell by nearly 15% compared with last Friday. It is estimated that they will soon be worthless. The price he offered was $500 million.

Back in the car, Xu Wenqiang said that several companies had called and wanted to sell it at a low price, hoping that Ye Luo could provide funds to save it.

Ye Luo decisively refused.

"I have said that when the best opportunity is given to you, you will fail."

(End of this chapter)