Hollywood Hunter

Chapter 121 I regret it

Remember in one second [End of the God Station] Mobile phone user input address: m.xinwanben.com

"As of yesterday's close, the Dow Jones index fell 508 points, and the federal stock market lost $503 billion as a whole."

"Does 1987 equal 1929?"

"The panic continues to spread, and sec officials urgently clarify: there is no plan to temporarily close the stock exchange."

"James Baker should resign for his inappropriate remarks."

“CME S\u0026P 500 futures longs lost $3.52 billion, with huge margin pressure.”

"The Federal Reserve held an emergency meeting and asked major banks to provide sufficient capital and credit for exchanges to avoid transaction defaults and aggravate market crisis."

"CME Chairman Leo Melamed issued a statement: CME Clearing Bank has received a cumulative margin call of $3.7 billion, and the exchange will open normally at 8:30 Central Time."

"..."

"..."

Almost the same slump curve as in 1929 has kept countless people awake at night.

The 1929 stock market crash caused a series of serious chain reactions such as bank failures, factory closures, and desolation of farms, which at one point caused nearly one-third of the entire U.S. population to lose any income. At its worst, food shortages even caused nationwide malnutrition.

From 1929 to 1933, in just four years, the number of deaths in the United States reached 7 million, equivalent to 7% of the total population of 100 million in the United States at that time, and the death rate far exceeded the average level of normal years.

Now in 1987, the people at the top of the American pyramid basically still have deep memories of the Great Depression. Therefore, in just one day, the federal government quickly launched a series of rescue plans at any cost.

In the early morning of October 20, Fed Chairman Greenspan, who had only been in office for more than a month, decisively 'opened the floodgates', directly announced that the federal benchmark interest rate would be significantly reduced by 0.75 percentage points, and purchased bonds to major North American banks. Provided a cash reserve of $12 billion.

Subsequently, from the White House to the local banks in various states in the United States, they began to take substantial rescue measures.

Affected by this series of good news, after the market opened on Tuesday, the Dow Jones index began to rebound, rising from 1738 points at yesterday's close to a high of 2035 points within half an hour.

It's just that the stock market bubble that has accumulated for five years cannot be remedied immediately with a shot or two.

After a brief rally, the Dow Jones took another sharp turn.

On the other hand, the S\u0026P 500 index, which is closely related to the Dow Jones index, has almost the same trend after the opening.

The S\u0026P 500 closed at 201 on Monday and opened on Tuesday, also hitting 245 within half an hour, before plummeting again.

...

Los Angeles.

In the mansion in Palisades, Simon closed a total of 8,300 short contracts at the low point of 200 to 210 in the S\u0026P 500 yesterday, with a single-day profit of more than 350 million US dollars. At the same time, 3,500 long contracts were established in the Westeros corporate account between 200 and 210 at the same time.

At the opening of the market on Tuesday, Simon patiently waited for the S\u0026P 500 index to rise for a short time, and then decisively adjusted the closing range, locked the index ceiling of 220 points and began to sell, while continuing to establish long contracts in the same range.

In addition, Simon also withdrew $200 million from yesterday's profit, moved to the New York Stock Exchange, and began to buy various stocks in the plan aggressively.

...

chicago.

Time flies to Thursday.

At seven o'clock in the morning Central Time, Noah Scott, who had only rested for less than five hours on average in recent days, hurried to the Chicago branch of Lehman Brothers with two bloodshot eyes.

As a vice president at Lehman Brothers, Noah Scott alone oversees a deal team of six analysts and has his own separate office.

Leaving the briefcase and today's newspaper aside, Noah Scott sat down behind the desk and turned on the computer, but he couldn't help but be a little stunned: How much did that guy earn?

After James Robinson made a wait-and-see decision some time ago, Noah Scott secretly borrowed $1 million from his father and secretly bought 55 S\u0026P 500 short contracts, which is also about 80% of Simon's previous position. .

Noah Scott really wanted to make a bet that the man whom all his classmates, including himself, had been pursuing in vain, was really amazing.

Then.

On Monday, Noah Scott had a small experience of getting rich overnight.

55 contracts, all of which were closed at the 200-point bottom of the S\u0026P 500, and Noah Scott easily earned $2 million.

However, Noah Scott is not happy at all. His mind has been revolving around the money that Simon has withdrawn from the Lehman Brothers account, more than 350 million US dollars, if it is still 80% Short interest, that's nearly 20,000 short contracts.

20,000 contracts, it is obviously impossible to close all the positions at the low point of the S\u0026P 500, but even according to the closing point of 259 points on Wednesday, Simon Westeros's short position can generate a large profit.

What's more, as long as it's not so greedy, on Monday and Tuesday, two consecutive days, Simon ·

Westeros will definitely be able to close all the positions. Even, if you build a long backhand, the other party's income will definitely increase significantly.

Noah Scott is a man with a lot of self-control, and after closing those 55 contracts and making $2 million on Monday, he quit decisively.

Although the federal government has taken a series of powerful rescue measures in a timely manner, no one is sure whether the U.S. stock market will continue to plummet as it did in 1929. But at this time, looking back at the S\u0026P 500 index curve from Monday to Wednesday, and contacting the young man's past operations, Noah Scott is almost 100% sure that the other party will definitely re-establish a long position and make another profit.

On Monday, the S\u0026P 500 closed at 201.

The S\u0026P 500 index still closed at a low of 212 points after a brief surge on Tuesday.

On Wednesday, it gapped higher, opened at 237 points and closed at 259 points, and the market stabilized.

Then, if you were that young man, maybe you should have completed the liquidation of all short contracts on Monday and Tuesday, and if you built a long backhand during the period, you will definitely get a big profit again on Wednesday.

$350 million principal.

80% of open interest.

Now.

Noah Scott is increasingly wondering how much Simon Westeros has made in recent days?

$1 billion?

Even if he can't make so much, but considering the previous principal, Simon Westeros, who is only 19 years old this year, should be a billionaire by now.

wrong.

Perhaps, there should be Janet Johnston among them.

but.

$1 billion!

In any case, Noah Scott understands that, perhaps, he will never be able to match the wealth that those two people have in his life.

It's just, $1 billion, how is that guy going to spend it?

perhaps.

Six months ago, Simon Westeros and Janet Johnston reported that they were about to go to court because of the distribution of proceeds from "Lola Run". Now, with such a huge amount of income, even if the two fell in love before, in the face of huge wealth, there may be some disputes next, right?

Thinking of this with some anticipation, the door of Noah Scott's office was suddenly pushed open, and one of his analysts hurried over and said, "Noah, it's not good, now the exchange is There's rumors everywhere that we're going to sell thousands of contracts after the market opens?"

Noah Scott was still a little stunned, and asked subconsciously, "What?"

The analyst said: "The contract of the Quantum Fund, someone leaked the news that we would sell the contract in advance."

At the beginning of October, Soros' Quantum Fund and Simon's Westeros Company began to build positions on a large scale. However, Quantum Fund has bought more than 30,000 long contracts in a row for more than half a month.

After the crash started, some of the Quantum Fund's contracts were forcibly liquidated in recent days. After the margin call, some of the positions were closed again after the situation stabilized yesterday. But at this time, a total of 9,000 contracts remained in the Quantum Fund's account.

Even though the federal government's rescue measures have begun to bear fruit yesterday, everyone understands that the S\u0026P 500 cannot return to a high of 300 in the short term, and the Quantum Fund has no second choice except to leave the market. .

It is naturally impossible for Lehman Brothers to have only Noah Scott as a trading team.

A major client like the Quantum Fund is actually Noah Scott's immediate boss, and a senior vice president of Lehman Brothers is personally in charge.

Hearing his subordinate's explanation, Noah Scott relaxed and said, "Charlie, this has nothing to do with us, doesn't it? Will screwed up, that's his business." So saying, Noah Scot Te glanced at his watch, clapped his hands and said, "Okay, let everyone in, we're going to work soon, let's have a meeting first."

8:30 CST.

When the Chicago Mercantile Exchange officially opened, Noah Scott discovered how badly the news that Lehman Brothers was about to sell thousands of contracts was leaked ahead of time.

Due to the news that Lehman Brothers was about to sell a large number of contracts in advance, after the opening of the market, all other brokers in the CME Group began to wait and see, and did not accept the sell orders from Lehman Brothers at all. As a result, under the accumulation of market selling pressure, the S\u0026P 500 fell again in a straight line. In just over ten minutes, it plummeted from 256 points at yesterday's close to 197 points.

Los Angeles.

In Palisade's mansion, it was still early in the morning, but Janet, who was already a little numb, didn't get up early today.

On Monday and Tuesday, Westeros far exceeded Noah Scott's imagining of 26,700 short contracts, and today there are fewer than 5,000. At the same time, Simon re-established a total of 7,000 long positions in the 200-220 range on Monday and Tuesday, and closed 2,000 long contracts at the 250-point high on Wednesday.

Hearing from the phone that he was expecting another slump in the S\u0026P 500, Simon decisively issued an order to clear his short positions.

If the memory is correct, Simon has less than three hours left. By mid-afternoon Central Time, the S\u0026P 500 will rise again after the morning's selling pressure has been absorbed.

After a few days, Goldman Sachs and other traders have become familiar with Simon's operation intentions, so naturally they don't need to say much.

Simon then turned his attention to New York.

In the previous two days, Simon had withdrawn a total of 400 million US dollars, all of which were invested in the New York stock market. His buying strategy is also pretty straightforward — tech stocks.

Before the last layout, Simon had already compiled a list of technology stocks that he planned to buy. Apple, Microsoft, Intel, Oracle, Sun and other companies are naturally a lot. Of course, Simon did not forget to mix some 'sand' into it. '.

In memory, after a brief decline, the North American stock market has generally shown a steady upward stance until 2000. Therefore, the big crash at the end of October 1987 can be said to be Simon's last bargain-hunting opportunity.

Due to a very detailed plan in advance, in two days, Simon's $400 million investment was all turned into stocks. After yesterday's close, Simon again withdrew $200 million from his futures account for today's buy operation. He will then continue to invest money to continue to buy.

Even if you don't hold it for more than a decade and survive this big crash, North American stock markets will recover quickly, and in the next few months, these stocks will still generate very substantial profits.

The turbulent day was quickly over.

The next day is October 23, Friday, the day "Death Comes" is released.

The S\u0026P 500 closed at 237 on Thursday. After the market opened on Friday, there was no more bad news from the market, and the S\u0026P 500 rose back to above 250. The short position was closed on Thursday, and Simon also liquidated all the long contracts that had been hastily bought in the previous few days on this day.

then.

It's finally time to count the final harvest.

A shuddering moment.

From October 19th to October 23rd, in five days, Westeros Company sold 26,700 short contracts established at a high of around 290 points between 200 and 220 points, with a cumulative profit of 1.068 billion US dollars. At the same time, during the same three-day trough, Simon built a total of 8,000 long contracts between 200 and 220, all of which were closed above 250, making another $165 million in profit.

Counting the original $387 million principal in the Westeros company account, and the 5-month stock index futures operation, Simon's initial $75 million had ballooned to $1.62 billion at this time.

After detailed statistics of the final financial data, both Simon and Janet were stunned for several minutes.

In Simon's memory, there is indeed a rumor that 7 million was hyped into 2 billion in the futures market. But at this time, seeing that in just 5 months, the funds in his hand have suddenly increased by more than 20 times, he still feels a little incredible.

Janet's reaction was more direct. After being in a daze for a long time, the woman came over, touched Simon curiously for a while, and said, "Little bastard, I regret it."

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