Rebirth of the Financial Crisis Sweeping the World

  Chapter 466 466 The unemployment rate is a 26-year high!

  At this moment, the Cardinal Building.

  Evan Cardinal's face changed drastically!

  Unexpectedly, the Dow Jones Index fell by 200 points in less than 30 minutes.

  He holds 600,000 long orders in his account, and his book has gone from a floating profit of US$600 million to a floating loss of US$600 million.

   "Damn it, the other bulls in the market are so unsteady, and the economic data is a little bit worse, and they collapsed as soon as they were countered by the bears!"

  The two economic data released before were quite bad. The bulls near the 9000 position were broken up by the bears in a blink of an eye, making them vulnerable.

  This group of desperate bulls is simply **** off Evan Cardinal.

"Oh, I hope to be supported at the 8900 position. Although these shorts are very aggressive, the bulls at the 8900 position do not collapse and collapse. There is a strong support here, and it will definitely be able to support it. I don't actually need it. Too panic!"

  In a flash, the Dow Jones Index was supported at the 8900 position and did not continue to fall, which gave Evan Cardinal some comfort in his heart.

   "Sure enough, I was supported at the 8900 position. I made a fuss and only lost 600 million US dollars. Why am I panicking!"

  Currently, he holds a long list of 600,000 Dow Jones Indexes in his account, which is very large.

  He has been looking at the rise of the Dow Jones Index for a long time. He should not care about this rise or fall. Unfortunately, the number of long positions he holds is too large. Evan Cardinal is uneasy and keeps staring at the trend chart of the Dow Jones Index.

   "Go up for me!"

  He couldn't help holding his fists.

  Time slowly passed, the Dow Jones Index rose by 50 points, rushing to the 8950 position,

   "Okay!" Evan Cardinal was excited: "I knew that the bulls in the market would not be so easily defeated!"

   "Start to fight back!"

  Now the Dow Jones Index has risen by another 50 points, indicating that the bulls in the market have become stronger again and are starting to fight back. He believes that the Dow Jones Index will soon return to the 9000 position.

"rush!"

  "Go up!"

  Evan Cardinal clenched his fists, excitedly swiped a few punches at the screen in the air.

   "Chong Chong Chong!"

  Continue to swing his fist.

  At this time, a piece of news came. It was issued by the Black Shirt Investment Bank, Fifth Third Bank, and Huntington Bank. It was bearish on the Dow Jones Index and bearish on the U.S. stocks report.

  【Said that the unemployment rate in the United States will hit a new high】

  This made some fans of Black Shirt Investment Bank investors follow it.

  The Dow Jones Index fell another 50 points.

  Evan Cardinal's fist can no longer be shaken, it seems that he can't do his best, and he still feels sore in his arm.

   "Damn it! I fell down again"

   "This black shirt investment bank is spreading rumors again!"

   "Asshole, you must be staring at me, blocking me!"

  The black shirt investment bank actually spread rumors that the US unemployment rate will hit a record high, which is simply unbearable.

  "Fortunately, I am also prepared!"

   Immediately, Evan Cardinal hurriedly arranged people to arrange for Wall Street editors to release good news for the stock market to himself, and slapped his face against the black shirt investment bank.

  And the Dow Jones Index was once again supported at the 8900 position.

  As for the Huntington Bank Building, in the trading room, everyone looked at the bulls at the 8900 position so stubborn, they couldn't help being a little angry.

  Wang Guanxi: "The bull at the 8900 position is really tenacious."

  Unexpectedly, they released an analysis report that the unemployment rate in the United States will hit a record high. It stands to reason that investors who believe in the analysis report of the Blackshirt Investment Bank should immediately sell their stocks or short the Dow Jones Index.

  It’s a pity, it didn’t work.

   Then Wang Guanxi said: "Could it be that our credibility has decreased"

   Wu Zhanhai quickly said: “BOSS is not that our credibility has declined, but that Evan Cardinal also arranged for the media to publish articles to **** for tat with us.”

  Speaking, Wu Zhanhai pointed to the news report on the big screen.

  Wang Guanxi couldn’t help but smile: “It seems that Evan Cardinal is quite prepared. As soon as we released the analysis report, he also released it.”

  He did not expect that Evan Cardinal was also very well prepared. Now the bulls in the market are once again in a stalemate balance.

  Wu Hongsheng: “It seems that many bulls in the market are stuck at the 8900 position and will not fall below for a while”

  Li Guangyu also said: “I don’t know if the Dow Jones Index will rise again?”

  Wang Guanxi pondered for a moment: “It should not rise. The day after tomorrow the unemployment rate in the United States will be announced. It must be very bad at that time. If you want to fall below the 8900 position, you need strong negative energy.”

  The day after tomorrow is the time when the unemployment rate in the United States will be announced. He is very much looking forward to it when the unemployment rate hits a new high.

  The bulls here at the 8900 position will stomping on their way, and they will be a thousand miles away!

  The more bulls on the market now enter the field, the more they will run by then.

  Lu Jianyan also said: "BOSS, there is another important thing today. The World Bank will release a global economic report."

  Guan Zhenyi was a little worried and asked: “I don’t know if the World Bank report will benefit the stock market?”

  Lin Jiyang: "Definitely not"

  Wang Guanxi smiled and said: “Wait for the World Bank’s economic report. Even if the stock market is positive, the Dow Jones Index is up 200 points!”

  The World Bank suddenly came out to plug in, which made Wang Guanxi a little surprised.

  Maybe the World Bank will release data that is good for the global economy and stimulate the global stock market, but it may also be negative.

  No matter what, he didn't panic.

  The trading account of the No. 1 Fund holds a short position of 250,000 lots of the Dow Jones Index, and the position is opened at 9,000. If the position rises by 9,250, the No. 1 Fund will be liquidated.

  At this moment, at the Cardinal Building, Evan Cardinal is also looking forward to watching the news.

  "The World Bank will release a global economic report, and it will definitely say that the global economy is recovering, which should be positive for the stock market."

   "At that time, the Dow Jones index will rise by 50 to 100 points is also possible"

  Hedging him very much looking forward to it.

"Ha ha!"

   "This time up 200 points!" As he said, he started to punch the screen again.

  Time slowly passed, and a big news came.

  The World Bank lowered its global economic forecast.

  The World Bank predicts that, affected by the international financial crisis, the world economy will experience a negative growth of 2.9% this year.

  The World Bank published a report on March 31 that predicted that the world economy will decline by 1.7% this year, marking the first decline in the world economy since World War II.

  As the global economy is expected to begin to recover, U.S. stocks have experienced a wave of magnificent rises since March.

  The World Bank’s pessimistic forecasts on the global economy poured cold water on investors who had been hoping for months that the global economy would gradually pick up.

  The latest forecast by the World Bank has also dealt a heavy blow to the crude oil, metals and other commodity markets.

  The July crude oil contract on the New York Mercantile Exchange fell 2.62 US dollars to close at 66.93 US dollars per barrel, a three-week low, a decline of 3.8%.

  The August gold contract on the New York Mercantile Exchange fell by $15.20 to close at $921, setting a new low for the recent contract closing position in the New York market since May 11, with a drop of 1.6%.

  Ryan Smith, vice president of the Black Shirt Investment Bank: “The latest World Bank forecast verifies the market’s concerns over the past two months and reflects that the market is too optimistic about the macroeconomic outlook.”

  In terms of major European stock indexes, the FTSE 100 Index fell 2.57% to close at 4234 points. The German DAX30 index fell 3.02% to close at 4693 points.

  The French CAC-40 index fell 3.04% to close at 3123 points.

  As of the close, the US Dow Jones Industrial Average fell to the 8700 position.

  Huntington Bank Chairman and Chief Investment Officer Stephen Steiner said: The stock market fell because there are too many uncertain factors in the future, and the future performance of the stock market is also unpredictable.

  Fifth Third Bank: “The question that most investors wonder now is that the global stock market has fallen by 4% recently. Is it the beginning of a new round of bear market?”

  Evan Cardinal wanted to vomit blood!

  Now there are 300 points floating in his account, a total loss of 1.8 billion US dollars, which makes him sweat behind his back.

   "This Black Shirt Investment Bank, Fifth Third Bank, Huntington Bank is simply for fear that the world will not be chaotic!"

   "Today the Dow Jones Index fell so much, it was all caused by these bastards"

  Evan Cardinal was furious.

  At this time, Soros Quantum Fund, Feld Group, Messi Hedge Fund, and U.S.-made commercial banks all fell into trouble and released investment reports on the bearish economy and the stock market.

  At this moment, Evan Cardinal found out that he was about to make dumplings.

  Be beaten by a group!

   "Hateful!"

  "I can only look forward to the announcement of the unemployment rate in the United States the day after tomorrow. When the unemployment rate drops, it will be a huge benefit to the stock market!"

   Then he arranged for someone to publish a report that the unemployment rate in the United States was falling and the economy was recovering.

  But it's useless!

  On July 8, the Dow Jones Index still fell 100 points, dropping to the 8600 position!

  Evan Cardinal lost $2.4 billion on his books.

  He panicked inside, and threw the cup to the ground fiercely, comforting himself: "The harder he falls now, the higher he will rise by then!"

  ··

  At this moment, the Feld Group Building.

  Soros, Feld, and Milos Messi are drinking tea and they are very proud of themselves.

   Feld smiled and said: "This time Wang Guanxi finally couldn't help but short the Dow Jones Index. This thug is not bad."

  Soros: "Yes, this Evan Cardinal was besieged and suppressed by us, this time he is dead"

  Messi also said: “I don’t know if Wang Guanxi is short-term or short-term Dow Jones index?”

   Feld: "It should be a long-term short, just like us"

  Soros: "Whether they are short-term or long-term shorts, they will not have much impact on us. The unemployment rate in the United States will be announced tomorrow."

  Mulus Messi: "I am 100% sure that the unemployment rate must be very high, and it will definitely not decrease like the news said."

  Soros smiled strangely: "Let’s wait and see"

  At this moment, Huntington Bank is in the trading room.

   Wu Zhanhai: "BOSS, today the Dow Jones Index has fallen by 100 points again, and the unemployment rate will be announced tomorrow. Hehe, there’s a good show this time."

  Wu Hongsheng; "Nakadina hedge fund is still releasing news that is positive for the stock market"

  Li Guangyu also said: “It’s useless. If the unemployment rate is high then, the stock market will rebuild even harder.”

  Wang Guanxi smiled and said: "If the Dow Jones Index drops a few hundred points, Evan Cardinal will have to liquidate his position."

  Lu Jianyan echoed: "Yes, BOSS, this time Evan Cardinal must be finished. As soon as the unemployment rate is announced, he will sell out tomorrow."

  Guan Zhenyi: "Evan Cardinal seems to be extremely optimistic about the economic recovery and stock market rise in the United States. He invested a huge amount of money to do the Dow Jones index and die long. This time he will definitely make a lot of money by strangling."

  Lin Jiyang also said: “He has liquidated his position. At least a long list of more than 500,000 lots will be forcibly liquidated. By then, the Dow Jones Index will plummet by more than 300 points.”

  Wang Guanxi said: "If you order, it will be said that the unemployment rate in the United States will hit a record high."

  "Yes, BOSS" Then everyone went to release the investment report.

  At night, in the villa of the Cardinal family, Evan Cardinal was having dinner with the family members and was discussing the affairs of the Cardinal Health Group.

  As a Fortune 500 company, due to the economic crisis, a lot of things have happened to the group company.

  Evan Cardinal said dismissively: “Just leave it to a professional manager to solve the problem. If the problem can’t be solved, just change to a professional manager. I’m doing more of the Dow Jones index now.”

  At this time he saw a piece of news.

  The above said that the unemployment rate in the United States will hit a record high, and it was suddenly frightened.

  I took a look and found that only the Black Shirt Investment Bank, Fifth Third Bank, and Huntington Bank were creating panic.

  Black Shirt Investment Bank: At present, there are more and more evidences that are not conducive to the continued rise of the stock market. The US economy needs to rely on consumers to get out of the recession, but if more and more people are unemployed, consumer demand will be suppressed.

Son of a bitch.

  "Unemployment rate will decrease a lot!"

  The next day, July 9, the stock market has not yet opened.

  Huntington Bank Building, in the trading room, everyone is very excited.

   Wu Zhanhai: "BOSS, the unemployment rate will be announced soon"

  Wu Hongsheng also said: “I don’t know if the unemployment rate will hit a new high”

  Li Guangyu excitedly said: "It must be a new high."

  Wang Guanxi smiled and said: “Ford Motor Company and Macy’s are laying off employees and moving away from production lines. Many large multinational companies are similar. How can the unemployment rate in the United States be low?”

  Lu Jianyan: "This time it will definitely fall by more than 200 points"

  Guan Zhenyi: "Maybe 300 points"

  Lin Jiyang: "Maybe 400 points are even possible"

  Wang Guanxi smiled and said: "No matter how many points, the bulls in the market will definitely collapse!"

  Time flies, unemployment rate announced

  【Unemployment rate hits 26-year high】

  In June of this year, the U.S. construction, manufacturing, professional services, and corporate service industries generally reported a significant decrease in employment. The number of employment in the construction industry fell by 79,000, the number of employees in the factory fell by 136,000, and the number of employees in professional services and corporate services fell by 118,000.

  The number of employees in the retail industry fell by 21,000, and the number of employees in the financial services industry fell by 27,000.

  The unemployment rate in the United States has reached a 26-year high.

  Soros Quantum Fund: This is an inevitable process of market recovery, and negative factors are inevitable. Soros believes that the unemployment rate may rise to 11%.

  The Dow Jones Index has begun to plummet!

  Thunderbolt!

  8580

  8530

  8500

  8490

  8470

  8450

  ··

  (End of this chapter)