"Wei Min, Wei Min, I am Shen Cun! It fell! It fell! It really fell!"
The sound coming from the microphone was thick. I wonder if it was due to the overseas call. The sound sounded a bit distorted.
But Ning Weimin can't worry about this.
He immediately looked at his watch and confirmed the time was 15:22 pm.
Even if there may be a deviation of one or two points, he also knows that according to time conversion, at this moment, it is almost exactly about 20 minutes since the market opened in the United States.
He immediately realized that it was most likely the call he was looking forward to, and his voice immediately increased in pitch.
"What? It fell! Cousin, you mean the stock market on Wall Street!"
"Of course, I'm right outside the business office of a Wall Street securities company. You won't believe it. Papers are flying everywhere, and people are everywhere shouting at the top of their lungs and making phone calls desperately. Everyone is grabbing the phone. Fortunately...
Fortunately, I was prepared. After confirming the situation, I ran outside the venue and grabbed the phone... to inform you of the news! It won't be too late!"
It could be heard from the phone that Shen Cun was still breathing a little, maybe because of running, maybe just because of pure nervousness.
Of course Ning Weimin wouldn't complain about anything, he just couldn't restrain his excitement and asked.
"No! It's very timely! So what is the situation on your side now?"
"What else could happen? It's terrible! It's terrible! This is a super disaster! All three major stock indexes are plummeting, just like diving. When I came out, the Dow Jones had fallen by 3 percent, and the S&P had fallen by 100 percent.
It was 3:75, it had only been open for fifteen minutes. There were almost no buying orders, only selling orders. Those huge
I don’t know where the selling came from. People in the venue had no time to deal with it. Even the display on the fluorescent screen couldn’t keep up with the speed of the stock price’s decline! It’s so scary! I’ve never seen such a scene. Many people were crazy.
Shen Cun seemed to have adjusted his breathing, and he repeated the horrific facts he had just witnessed with his own eyes at a very fast speed.
However, his description of this unprecedented disaster became the greatest good news to Ning Weimin's ears.
Ning Weimin's lips moved back, a bright smile appeared on his face, and he said something that could instantly kill the confidence of all stock market traders at this time.
"Great! I really guessed it. Looking at it this way, we all made a lot of money!"
"How did you know?" Shen Cun's voice came from the other side of the phone again, but this time he was more excited, "Damn it! How did you know that all this would happen? Even the investment banks on Wall Street were not aware of it. Yesterday's newspaper
, those Wall Street guys are still sure there will be a rebound!”
"It's just luck!"
"Hey, if you use this excuse to deal with me, you are forcing me to use foul language."
"Haha, if you insist on asking, I can only say that it is based on the general trend and the situation of the world capital market. My financial sensitivity may be higher than that of ordinary people, so I have been making money through stocks."
"No, no, you must know something, you just don't say it. Otherwise, what's the reason? Well, I won't ask anymore. Anyway, I have to thank you. Otherwise, now I will become one of those unlucky people
I’m a part of it! I might lose two apartments.”
Shen Cun was still knowledgeable. He controlled his curiosity and did not get too entangled in the content that Ning Weimin liked.
And his thanks were exactly what Ning Weimin was happy to hear.
"Did you really listen to me at all?"
"Yes, I liquidated all the stocks in the United States. I also sold most of the real estate. I also shorted the stocks of Lazard Investment Bank. I originally thought that if I lost money, I would let you use a few antiques to pay off the debt.
Yes. Now, thanks to you, I have become a lucky one. It seems that I will be able to fly first class when I go back."
"Haha, that's great. Cousin, I have one more thing to say to you. Don't be too greedy. Just accept it when you're ready!"
"Okay, I've remembered it. I will believe it unconditionally if it's you in the future. I'm still going to stay here for another three days. If you need anything, contact me anytime. I wish you the best..."
After hanging up the phone, Ning Weimin immediately turned to the other two people in the room, Henri Lacamier and Pierre Carton.
He announced to them the news of winning the jackpot with a brighter smile.
"Gentlemen, I have received good news from the United States. There is a panic stock market crash in the Wall Street market and it is collapsing. This matter will soon affect the French stock market. It seems that my judgment is correct.
God is helping us. So I’m afraid we won’t just make a small fortune this time, we will definitely win!”
To be honest, although it has been several days since the Avengers were formed, judging from the market situation, neither Henri Lacamier nor Pierre Cardin actually feels that they are so satisfactory.
Their account raised a large amount of stocks and sold them, which is about 7.8 billion U.S. dollars. However, the effect was a bit unsatisfactory. LVMH's cumulative decline was only about 7%, and Dior clothing was slightly better, falling 9%.
In the morning, the decline in Dior clothing once expanded to 13%, but hundreds of millions of dollars of buying orders came in, and soon the opponent's orders started to increase again.
They can all clearly feel that because of the surge in sales in Asia, the French fashion industry is one of the few industries in a weak market that can maintain astonishing growth in profits, because optimistic expectations are very popular among European speculators.
In the French stock market, almost all such stocks have difficulty falling but easy rising.
What's more, from a speculative perspective, short selling is also the most uneconomical thing to do.
Because the maximum profit margin cannot reach double.
On the other hand, there is no ceiling to the extent of losses.
No matter how big the negative news is, a stock cannot lose its market value, but conversely, once the stock has huge positive news and rises, it is possible to increase several times.
If this kind of thing really happens, no matter who it is, the short seller will have no choice but to lose his pants.
So recently their heartstrings have been stretched to the tightest level, like a thread that cannot be recovered once it breaks.
They all felt that they were running out of funds. The more they spent, the more pressure they felt due to the rebound in stock prices, fearing that the plan would fail.
I'm afraid that I won't be able to receive enough low-priced chips at that time, which will cause huge economic losses. And this will bring unbearable pressure, anxiety, panic, and sleepless nights...
Fortunately, Ning Weimin became their backbone. Not only did he always use the most positive and firm attitude to boost morale when they felt hesitant, but his judgment was also extremely accurate.
’ At this time, he actually brought them such amazing news, like the gospel delivered by God’s angel.
Especially when Ning Weimin finished reporting the news, there was a bustle outside the VIP room exclusively for their use.
The two old men only ran out and took a few glances before confirming that the news was true. The disaster in the U.S. stock market had really begun to spread in France.
This news immediately swept away all their confusion, and the stress disappeared, replaced by a sweet taste.
Especially Henry Lacamia, who has been waiting for the sweetness of revenge for too long.
His first reaction after returning to the VIP room was that he had free flow of drinks.
"Great, great! Are you really sure? This is true? Well, today belongs to us, victory belongs to us. I'm going to call and have someone send me some bottles of champagne, and we have to celebrate.
!”
"Haha, Henry, I can finally feel relieved now. I need to have a good drink. Now I can finally win a game. Ning helped us hit a good shot!"
Seeing the two smiling old men here, just immersed in joy and busy celebrating, Ning Weimin didn't know whether to laugh or be angry.
It has to be said that these traditional businessmen are still traditional. They are too simple in finance. They are very satisfied with a little gain.
Is this not the time to be busy enjoying and celebrating?
No, of course not!
There are not many opportunities for this kind of certainty, so of course you have to maximize your profits.
So he immediately called the broker who was trading for them.
He is no longer holding back, he is going to shoot out all the bullets in his accounts and credit lines.
He is no longer focusing on the two target stocks. He wants to take advantage of the fact that the French market has not yet fully reacted.
There is no 100% certainty of the destructiveness of this stock market crash.
Of course, he can sell whatever stocks he has that can be sold on margin.
Sell! Sell! Sell!
"What else is there for sale in Lyon's bond warehouse now? Two hundred and eighty thousand Total, okay, I want it! Sell it for me!"
"What else? Airbus, 440,000, I want it too! Sell it, sell it!"
"Safran? What kind of company is this? Forget it, it doesn't matter, sell, sell, one million shares, I'll sell them all!"
"What? No credit balance? It's impossible... It's really over! How about this? Sell me some more of your CLSA stocks? Sell me as much as you have!"
At this moment, I looked at Ning Weimin, who was rolling up his arms and sleeves and going all out to sell securities and go short regardless of the cost.
The two old men who were smiling just now stopped motionless again, and they were all dumbfounded.
Wolf nature eats meat for thousands of miles!
They further feel their aging and the gap between them and young people.
Perhaps, this era is really not suitable for them anymore...
There is no doubt that from this point on, great panic continued to spread around the world like a plague.
In the U.S. market, it was only 10:30, and the Dow Jones Industrial Average had already dropped 3.78%, but in fact the number was 508 points.
The trading volume in a normal day is about 100 million shares, but this day it was 600 million shares.
Due to computer system lag, about 28% of the orders failed to be executed, including 92 million limit orders.
At this moment, among the 1,600 stocks listed on the New York Stock Exchange, only 52 stocks rose, and the rest all fell. Among them, 1,192 stocks fell to the lowest level in 52 weeks, and many representative blue chip stocks were also doomed.
Shares of almost all major companies plummeted by around 10%, with financial companies doubling their reaction.
For example, General Electric fell 13.1%, Telegraph and Telephone fell 19.5%, Coca-Cola fell 16.5%, Westinghouse fell 15.8%, American Express fell 18.8%, Boeing fell 19.9%, JP Morgan Chase fell 22%, and Lehman Brothers fell 21%.
Lazard Investment Bank 25%.
Many investors, especially small and medium-sized investors, cried loudly when they saw the straight K-line on the screen as before setting off in the morning, "Do you want to sell? Do you want to sell? Oh my God! What's going on!"
Some people even dare not look at the stock price anymore and have to run outside the securities business department and look for places that sell alcohol and cigarettes. Their almost out-of-control emotions and hearts need something to numb and soothe them, otherwise they will not be able to do anything real.
Will have a heart attack.
In addition, affected by changes in U.S. stock prices, overseas markets are also in chaos.
In Europe, the London Financial Times Index was 83.70 points at this time, a decrease of 5.1%.
The Credit Suisse Bank Index fell 6.3%;
European stock markets fell across the board.
Because the French stock market has been in a bear market, the CAC40 index suffered the smallest decline, but the market still fell by 2.23%, the largest single-day decline this year.
As for France's heavyweights, it can be said that there is a river of blood and grief everywhere.
Société Générale fell 9.6%, BNP Paribas fell 7.5%, Total fell 7.3%, Safran fell 6%, Airbus fell 8.6%, and CLSA fell 13.5%.
So even the fashion industry, the supporting industry of the French stock market, followed suit.
Hermès turned from rising to falling, from rising 1.6% to falling 2%.
Gucci, which has been plagued by family scandals, fell even further, 6%.
But they are still no match for LVMH and Dior Clothing, which are being shorted.
Under the sudden impact of the stock market crash, the hesitation of these two companies turned into firm panic, and the negative emotions were instantly amplified.
The two companies plummeted!
LVMH fell 9.5%, with the cumulative decline reaching 16.5%.
Dior clothing fell 13.78, with a cumulative decline of 22%.
However, this has just begun, even if there is still an hour before the closing time of the day, especially there is still late trading time.
So this day was destined to be a huge disaster for Bernard Arnault!
"Asshole! Why don't you answer the phone? I've been looking for you..."
Because he could not contact Frank Meyer, the chairman and CEO, who had always been gentle and never used swear words, cursed his good helper for the first time.
As a result, before he could ask what he wanted to ask, he almost lost his temper and fell backwards at the other party's words, "What else can I do? Of course, help you sell stocks?"
"What? What did you say? You guy, what have you done!"
"I released all the stocks I bought for you today, and also sold some of the LVMH stocks in your account for securities lending!"
"How dare you sell my stocks without my permission..."
"Okay, don't be stupid! I have this authorization, and I am saving your life! If I don't sell it, you will go bankrupt!"
"It's not that easy. This is just the beginning. Besides, we have foreign aid. Maybe tomorrow..."
"Don't be stupid! This is a stock market crash, a stock market crash, do you understand? There is no foreign aid now! Henry and the others will definitely win! It's just your bad luck! Bernard, I sympathize with you, this is too bad...
"
"What? You said I could win, and now you say this to me! Do you sympathize with me? Have mercy on yourself, I will go over and kill you!"
However, his financial advisor lost his temper at this time and insulted him for the first time as well, and returned it to him.
"Hey, you idiot! I'm busy as hell at a time like this. So don't argue with me, you're a half-ass on this! I have to tell you right now, Lazard needs to take back the money we put in
Go out with at least 50% of your capital. For the sake of your friends, this is the best option.
For those who understand your financial leverage, let me give you one last suggestion. Sell the LVMH holdings under Dior’s name immediately. Don’t hesitate. This is the best way to reduce your losses. That’s it. Please help yourself.
There will definitely be many people going to the rooftop after today, and I don’t want you to be among them..."
With a "bang" sound, the phone on the table in the CEO's office was thrown away and hit the wall.
Bernard Arnault looked at this capricious and cruel world with a face full of anger and blood, breathing heavily.
He couldn't listen anymore, every word the other person said was a reminder to him.
And he still doesn't know that he has actually done a good job.
But the problem is that he cannot solve the problem of time and space chaos.
This time, for a non-war crime, he was just plotted against by a certain bad boy who was able to pinch him and use the power of heavenly calamity.
His confidence collapsed and he had nowhere to complain. He just felt that God was really unfair.
It was obvious that he had been planning for so long, and the plan was so thorough and flawless.
Why did it collapse just when it was about to be completed?
Unfair! So unfair!
How could such a ridiculous and bloody thing happen to me?