Rebirth of the Financial Crisis Sweeping the World

Chapter 466 466 Unemployment rate reaches 26-year high!

At this moment, the Cardinal Building.

Evan Cardinal’s expression changed drastically!

Unexpectedly, the Dow Jones index fell 200 points in less than 30 minutes after the opening.

He held 600,000 long orders in his account, and his book went 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 weak-willed and the economic data is slightly worse. They collapse as soon as the shorts counterattack!"

The two previously announced economic data were quite bad. The bulls near the 9,000 level were defeated by the bears in a blink of an eye, leaving them vulnerable.

This group of unsatisfactory bulls really pissed Evan Cardinal off.

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

Time passed by, and the Dow Jones index was supported at 8,900 and did not continue to fall. This gave Evan Cardinal some comfort.

"Sure enough, it was supported at the 8900 position. I made a fuss and only lost US$600 million. Why should I panic!"

Currently, he holds 600,000 long orders on the Dow Jones Index in his account, which is very large.

He was looking at the rise of the Dow Jones Index for a long time and should not care about the rise or fall. Unfortunately, the number of long orders he held was too large. Evan Cardinal was uneasy and always stared at the trend chart of the Dow Jones Index.

"Get up here!"

He couldn't help but clenched his fists.

Time passed slowly, and the Dow Jones index rose by 50 points, reaching the 8950 position.

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

"Start fighting back!"

Now that the Dow Jones Index has risen another 50 points, it shows that the bulls in the market have become stronger again and have begun to fight back. He believes that the Dow Jones Index will soon return to the 9,000 position.

"rush!"

"Rush up!"

Evan Cardinal clenched his fists and punched the screen several times in excitement.

"Go, go, go!"

Keep pumping your fists.

At this time, a piece of news came, it was Blackshirt Investment Bank, Fifth Third Bank,

A report issued by Huntington Bank that is bearish on the Dow Jones Index and short on U.S. stocks.

[It is said that the unemployment rate in the United States will hit a new high]

This has led some fans of black-shirted investment banks to follow him.

The Dow Jones fell another 50 points.

Evan Cardinal could no longer swing his fists, as if he could no longer exert force, and his arms felt sore.

"Damn it! I fell again."

"This black-shirted investment bank is spreading rumors again!"

"Asshole, you must be targeting me and trying to stop me!"

Black-shirted investment banks actually spread rumors that the U.S. unemployment rate will reach a record high. This is simply intolerable.

"Fortunately, I'm prepared too!"

Immediately, Evan Cardinal quickly arranged for people to arrange for Wall Street editors to publish news that was good for the stock market, and slapped the black-shirted investment bank in the face.

The Dow Jones Index was once again supported at 8,900.

In the trading room of the Huntington Bank Building, everyone was a little angry when they saw that the bulls at the 8900 position were so stubborn.

Wang Guanxi: "The bulls at 8900 are really tenacious."

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

It's a pity that it didn't work.

Then Wang Guanxi said: "Has our credibility declined?"

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 confront us tit for tat."

As he spoke, 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 well prepared. As soon as we released the analysis report, he also released it."

He didn't expect that Evan Cardinal was also well prepared. Now the bulls in the market are once again in a stalemate.

Wu Hongsheng: "It seems that many bulls in the market are clinging to the 8900 position and will not fall below it for a while."

Li Guangyu also said: "I don't know if the Dow Jones Index will rise again?"

Wang Guanxi pondered for a while: "It should not rise. The unemployment rate in the United States will be announced the day after tomorrow. It will definitely be very bad by then. If you want to fall below 8900, you will need strong negative energy."

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

Then the bulls here at the 8900 position will run away in a stampede style and collapse thousands of miles!

The more bulls enter the market now, the more they will run when the time comes.

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

Guan Zhenyi asked with some concern: "I don't know if the World Bank report will be good for the stock market?"

Lin Jiyang: "Definitely not"

Wang Guanxi smiled and said: "Just wait for the World Bank's economic report to come out. Even if it is good for the stock market, the Dow Jones Index will only rise by 200 points!"

The World Bank suddenly stepped in, which surprised Wang Guanxi.

Perhaps the World Bank will release data that is positive for the global economy and stimulate global stock markets, but it may also be negative.

No matter what, he didn't panic.

The trading account of Fund No. 1 holds 250,000 short orders on the Dow Jones Index, and the position is 9,000. If it rises to 9,250, Fund No. 1 will be liquidated.

At this moment, in the Cardinal Building, Evan Cardinal was also watching the news expectantly.

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

"It is possible for the Dow Jones Index to rise by 50 to 100 points by then."

Hedge he was looking forward to.

"Ha ha!"

"This time it's up 200 points!" As he said this, he began to punch the screen again.

Time passed slowly, and a piece of big news came.

The World Bank lowered its global economic forecast.

The World Bank predicts that due to the impact of the international financial crisis, the world economy will grow by 2.9% this year.

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

In anticipation that the global economy will begin to recover, U.S. stocks have experienced a spectacular rise since March.

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

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

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

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

Lane Smith, Vice President of Blackshirt Investment Bank: "The World Bank's latest forecast confirms the market's concerns for two months and reflects that the market is overly optimistic about the macroeconomic outlook."

As for major European stock indexes, the UK's FTSE 100 index fell 2.57% to close at 4234 points. Germany's DAX 30 index fell 3.02% to close at 4693 points.

France's CAC-40 index fell 3.04% to close at 3123 points.

As of the close, the U.S. Dow Jones Industrial Average fell to 8,700.

Stephen Stano, chairman and chief investment officer of Huntington Bank, said: The stock market fell because there are too many uncertainties in the future, and the future performance of the stock market is difficult to predict.

Fifth Third Bank: "The question that most investors are wondering now is that the recent 4% decline in global stock markets is the beginning of a new round of bear market?"

Evan Cardinal suddenly wanted to vomit blood!

Now he has a floating loss of 300 pips in his account, with a total floating loss of 1.8 billion US dollars, which makes him sweat from behind.

"The black-shirted investment banks, Fifth Third Bank, and Huntington Bank are simply afraid of chaos in the world!"

"The Dow Jones index fell so much today, it was all caused by these bastards"

Evan Cardinal was furious.

At this time, Soros Quantum Fund, Feld Group, Macy's Hedge Fund, and American Bank of America also took advantage of the situation and issued investment reports that were bearish on the economy and the stock market.

At this moment, Evan Cardinal found that he was about to be made a dumpling.

Being beaten up 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 decreases, it will be a huge benefit to the stock market!"

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

But it's no use!

On July 8, the Dow Jones index still fell 100 points, falling to 8,600!

Evan Cardinal had a loss of $2.4 billion on his books.

He panicked in his heart, threw the cup to the ground, and comforted himself: "The harder it falls now, the higher it will rise in time!"

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At this moment, the Feld Group Building.

Soros, Feld, and Milus Messi were drinking tea, talking very proudly.

Feld smiled and said: "This time, that boy Wang Guanxi finally couldn't bear to short the Dow Jones Index. This thug is not bad."

Soros: "Yeah, this Evan Cardinal was encircled and suppressed by our joint forces, and he is dead this time."

Milus Messi also said: “I don’t know whether Wang Guanxi is shorting the Dow Jones Index in the long term or short-term?”

Feld: "It should be short-selling for the long term, just like us."

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

Milus Messi: "I am 100% sure that the unemployment rate is definitely very high and will definitely not decrease as the news says"

Soros smiled strangely: "We'll see."

At this moment, in the trading room of Huntington Bank Daxia.

Wu Zhanhai: "BOSS, the Dow Jones Index fell another 100 points today, and the unemployment rate will be announced tomorrow. Hehe, there is something good to watch this time."

Wu Hongsheng; "The Cardinal Hedge Fund is still releasing news that is good for the stock market."

Li Guangyu also said: "It's useless. If the unemployment rate is very high by then, the stock market will crash even more severely."

Wang Guanxi said with a smile: "If the Dow Jones Index drops another few hundred points, Evan Cardinale will be liquidated."

Lu Jianyan echoed: "Yes, BOSS, Evan Cardinal will definitely be finished this time. As soon as the unemployment rate is announced, he will liquidate his position tomorrow."

Guan Zhenyi: "Evan Cardinal seems to be extremely optimistic about the U.S. economic recovery and the rise of the stock market. He has invested a huge amount of money to go long on the Dow Jones Index and is dead long. He will definitely make a lot of money this time by strangulation."

Lin Jiyang also said: "His position was liquidated. At least more than 500,000 long orders were forcibly liquidated. By then, the Dow Jones Index will plummet by more than 300 points."

Wang Guanxi said: "I am told that the unemployment rate in the United States will reach a record high."

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

In the evening, at the Cardinal family's villa, Evan Cardinal had dinner with his family members and were discussing matters regarding the Cardinal Health Group.

As a Fortune 500 company, many things happened to the group company due to the economic crisis.

Evan Cardinal said indifferently: "Just leave it to professional managers to solve the problem. If the problem cannot be solved, just change to a professional manager. I am now long the Dow Jones Index."

Then he saw a piece of news.

It said that the unemployment rate in the United States would reach a record high, and I was immediately scared to death.

At first glance, I found that it was only Blackshirt Investment Bank, Fifth Third Bank, and Huntington Bank that were causing panic.

Blackshirt Investment Bank: There is currently more and more evidence that is not conducive to the continued rise of the stock market. The U.S. economy needs to rely on consumers to get out of recession, but if more and more people are unemployed, consumer demand will be suppressed.

Son of a bitch.

"The unemployment rate will be reduced a lot!"

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

In the trading room of the Huntington Bank Building, everyone was very excited.

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

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

Li Guangyu said excitedly: "It will definitely hit a new high."

Wang Guanxi smiled and said: "Ford Motor Company and Macy's Department Store are laying off employees and moving off production lines. Many large multinational companies are similar. How can the unemployment rate in the United States be so low?"

Lu Jianyan: “It will definitely fall by more than 200 points this time.”

Guan Zhenyi: "Maybe 300 points"

Lin Jiyang: “Maybe even 400 points”

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

Time flies and the unemployment rate is announced.

[Unemployment rate hits 26-year high]

In June this year, the U.S. construction, manufacturing, professional services and corporate services industries generally reported significant decreases in employment. Employment in construction fell by 79,000, factory employment fell by 136,000, and employment in professional services and corporate services fell by 118,000.

Retail employment fell by 21,000 and financial services employment fell by 27,000.

The U.S. unemployment rate hit a 26-year high.

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

The Dow Jones Index is starting to plummet!

Thunderous momentum!

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