Your officials throw out policies at every turn and flip the table without following the rules. Who can handle this?
But the American officials were obviously driven into a panic by Li Jin, and they began to show their displeasure and overturned the table.
"Mr. Li, what should we do now?" Jack Chen asked.
"The road to national debt is blocked. A blockade order makes all operations impossible. Get out."
Li Jin looked at the Nasdaq index, thought for a moment and then said: "Today, the Nasdaq will lose 2,000 points."
"yes."
Jack Chen took the order and left.
A large amount of Jinqing Capital's funds were instantly withdrawn from the government bond trading market and entered the Nasdaq stock index.
The stock index of a stock market is calculated based on the proportion of a certain number of large stocks within the trading stock market.
In other words, to short-sell the stock index, what Li Jin had to do was to sell all these big stocks.
Normally, this would be impossible.
But the collapse of the entire financial market caused by the subprime mortgage crisis made the impossible possible.
The first to bear the brunt are those listed companies that have no real industry and specialize in finance.
These companies rely on the financial market to survive. If the financial market improves, they will make a lot of money. However, in such a stock market crash, they will be the first to die.
The arrival of Jinqing Capital was the last straw for them.
The Nasdaq market, which was already experiencing a huge decline, began to collapse immediately after Jinqing Capital changed its direction.
There was almost no resistance, and 60% of the stocks on the market plummeted, of which 20% were directly sealed off the decline list.
This is a kind of financial apocalypse that you can never imagine unless you have experienced it yourself.
Those investors who hold the stocks of these companies want to sell, but the prices are falling every minute. There are only a large number of selling transactions in the market, and there are no buying transactions.
Therefore, their sell orders cannot be successfully traded.
I can only watch the stock price fall.
Then it fell below the market.
Helensell Investment Company is a financial company that has become famous on Wall Street in recent years. It relies on a group of professional salesmen to make a fortune by recommending junk stocks to investors who do not understand stocks.
For normal stocks, if they are traded, they can get a 2% commission, but for junk stocks that no one cares about, the commission can reach 20%.
Under such crazy profits, Helensell has risen rapidly in just a few years, and its boss, Sespin, also relied on this company to become instantly wealthy and free, buying villas and luxury cars, and becoming one of the upper-class rich people in the United States.
class.
Not only him, but all his salesmen have made a fortune, and everyone has become a veritable Wall Street elite.
Wearing expensive suits, carrying briefcases, computers and cups of coffee, they live more comfortably than 99% of people in the world.
But after the stock market crash, all stocks became junk stocks, no one was willing to invest anymore, and the company quickly fell into operating difficulties.
Sespin mortgaged all his property in order to save the company, but today, his company was directly blocked on the downside.
This means that all of his company's property has been lost.
And he personally has to bear huge debts. He went from a rich man who went out to take helicopters and lived in a mansion at home to a bankrupt poor man.
Unable to accept the blow, Sespin walked up to the office building. He wanted to end his life quietly, but found that there were already people on the rooftop of the building where he was and on the rooftop of the opposite building with the same purpose as him.
here.
In the cold wind, these poor bankrupt people who had never met each other looked at each other, and then each made the same choice...
Life and layoffs have become the main themes on Wall Street.
Even on Wall Street, the most popular vehicles on the streets are no longer the luxury cars of the past, but ambulances.