At that time, Lao Bai sold his shares in Gray Matter Company to Gretchen and Elliot for a mere US$5,000. Now, the market value of Gray Matter Company has reached US$2 billion. Lao Bai missed out on hundreds of millions of dollars in income, every time When he sees the name of Gray Matter Company or hears about five thousand dollars, he will feel deeply unwilling.

"Wish you good luck!" Lao Bai raised his cup and touched it with Shen Long again. But for some reason, the good wine in the past became bitter today. Lao Bai was put in a bad mood by the words five thousand dollars. , I didn’t sit there for long and then went home.

Shen Long also turned around and left, rested one night in the hotel, and drove west along the famous Route 66 to Arizona next door early the next morning. Albuquerque had flights to all parts of the United States, but since time was not so tight , Shen Long wouldn’t mind taking this opportunity to visit the sights of the United States.

Crossing the vast arid grasslands, entering the colorful hills of Arizona, heading north at the junction of Arizona and California, entering the familiar yet unfamiliar state of Nevada. This is my base in the world of "The Godfather", but it is different now and then. It's already very different.

When he came to Las Vegas, where the fans were drunk, Shen Long collected a little information, went to the casino and won a little money, and then signed up to participate in a high-prize Texas Hold'em poker competition. The first place in this game will receive a thousand With a bonus of 10,000 U.S. dollars, it is technically not difficult to win 10 million U.S. dollars in a casino, but it will cause some unnecessary troubles. This problem will not arise if you participate in a competition. What you win is not the casino's money anyway.

After paying a US$10,000 registration fee to enter the game, after a long and fierce battle, Shen Long defeated many legendary sharks and easily won the US$10 million bonus and sufficient start-up capital.

However, it may not be a problem to acquire a small company with these ten million US dollars, but it may still be a little short of helping Lao Bai realize his wish, so Shen Long took another flight to New York.

Wall Street is now in a state of turmoil. The subprime mortgage crisis that broke out last year swept through major financial markets such as the United States, the European Union, and Japan, causing heavy losses to those high-flying giants. Not only has the subprime mortgage crisis not eased, it has become even more intense. Wall Street is in a state of chaos. Wail.

Merrill Lynch's first-quarter net loss reached US$1.96 billion, and Citigroup's first-quarter net loss was US$5.11 billion. The International Monetary Fund said that so far, the global losses caused by the subprime mortgage crisis have exceeded US$1 trillion.

However, this is still not the point. There are bigger bombs that have not been detonated later, but no matter what the market environment is, someone can make money from it. How terrible the financial crisis in 1929 was. The Wall Street bear Livermore was able to make money from short selling. 100 million US dollars, and this time Shen Long plans to play the role of Livermore to cut the leeks of Americans.

He found a reputable securities company and asked them to open an account for him and provide him with leverage. As a trader, Shen Long personally sat in the trading room and announced his goal, "From now on, I will short Lehman's stock."

Lehman Brothers, with a history of 158 years, is one of the top behemoths in the financial market. It once ranked fourth among U.S. investment banks. As of now, Lehman Brothers has assets of US$639 billion. Although its performance has been declining in recent years , and was affected by the subprime mortgage crisis, but who would have thought that this behemoth would collapse?

The representatives of the securities company tried to persuade Shen Long. The market is in depression now, and there are better short-selling targets. Why target Lehman Brothers? If something goes wrong with such a behemoth, whether it is the U.S. Treasury Department or the federal government, The Reserve Committee will come to the rescue.

But Shen Long knew that the U.S. Treasury Department and the Federal Reserve Board did not save Lehman Brothers, but invested money in Bear Stearns. In the end, Lehman Brothers had to file for bankruptcy protection, and the U.S. stock market ushered in a single day after 9.11. The maximum number of points dropped and the amount of decline.

At Shen Long's insistence, the trader did as he asked. Not long after, Lehman Brothers fired two executives and then announced that it expected losses in the second quarter of this year to be approximately US$2.8 billion. On the day the news was announced, Stimulated by multiple negative news, Lehman Brothers' stock price fell 4.42% to close at $22.70.

By the end of June, Lehman Brothers' stock price fell to $19.81, a drop of 11%. At this point, the company's stock price had fallen to the lowest point since May 2000.

All the investors who held Lehman Brothers' stocks cried bitterly, but Shen Long made a lot of money and cut off a wave of Americans' leeks.

Then he decisively chose to withdraw. Although Lehman Brothers' stock would fall to $14.49 in a few days, everyone is now on the verge of despair for Lehman Brothers, and short sellers may not be able to find anyone willing to take over.

Moreover, Shen Long's mission is not to become the world's richest man. His current income can basically meet the needs of the mission. Besides, Lao Bai's lung cancer cannot afford to delay him. He has to return to Albuquerque as soon as possible.

"Mr. Shen, won't you wait any longer? If you wait any longer, your income will definitely be higher!" People from the securities company had previously advised Shen Long not to short Lehman, and now they were persuading him to continue.

"No, I just entered the stock market to raise funds. Now that I have raised enough money, why should I continue to take risks?" Shen Long firmly refused.

The securities company could only endure the pain and let him go. The stock market was in a bleak state now. There were very few customers who could make money like him, and even fewer who could make so much. It was their loss to let him go.

However, compared with those real predators, what Shen Long earned was nothing. During this subprime mortgage crisis, more than a dozen hedge funds that shorted subprime loan bonds earned tens of billions of dollars. Of his wealth, Paulson earned $24 billion for his hedge fund and $4 billion himself.

They provided Shen Long with cover very well, allowing Shen Long to avoid the flashing lights and return to Albuquerque with a relaxed mood. When he got off the plane and looked at the familiar city, Shen Long showed a smile.

When he just left here more than two months ago, he only had five thousand dollars that he robbed from drug dealers. Now, he already has hundreds of millions of assets. Sure enough, compared with robbing, he still makes money by cutting leeks in the stock market. Quick.
Chapter completed!