Taylor knew in his mind that one billion dollars seemed like a lot, but if it really wanted to lift the Hang Seng Index, it would only lift a few points in a short period of time.
If on the deadline day, the Hang Seng Index is within 10 points of the benchmark price of 3,700 points for betting, Taylor is still confident that he can forcefully pull up a few minutes before the market closes, pull the index back, and then look for opportunities to slowly invest the funds into the market.
Withdraw.
But if the gap is more than 10 points, there is no need to work hard. Not to mention whether the Hang Seng Index can be pulled back, but if the money really enters the market, it is still unknown whether it can be fully recovered.
What Taylor did not say is that according to the current situation, a deeper decline is still to come, and it will be extremely difficult for the Hang Seng Index to return to around 3,700 points before October 30. The possibility of Brent losing this bet is
More than 90%, the family probably won't use this money for him.
Of course, Brent couldn't guess what Taylor was really thinking. But after listening to Taylor's words, he felt confident. Anyway, now he had no choice but to watch and stop paying attention to the stock market. What should he do?
Just do whatever you want.
In fact, this is not the first time that Brent has bet against others. He has bet against others several times before. Although the amount is not as large as this time, the nature is the same.
In the past, Brent always turned to his doting grandfather for help, secretly using the family's political and economic power to pave the way for him to win the bet, so his bets became bigger and bigger.
It was Brent's misfortune this time. Under Luo Wanli's instigation, he insisted on provoking Sun Dahai, and even sought his own death by betting on the Hang Seng Index.
If the Hang Seng Index is in a normal consolidation trend, the billion dollars he prepared as a back-up move may very well come unexpectedly and suddenly enter the market in the last few minutes before the deadline, changing the final outcome of this bet.
The bet against Brent may seem fair, but in fact there are hidden tricks that allow for cheating within a certain range. This is why Brent took the initiative to choose the Hang Seng Index as the target of his bet.
It is a pity that this bet was cleverly integrated into the upcoming global stock market crash by Sun Dahai. This billion-dollar backhand has become a joke. If you dare to step in to rescue the market, there will not even be a splash, just
You will be drowned in the market situation.
…
In the evening, Sun Dahai and others took the time to sleep for two or three hours after dinner, and then appeared in the public operation area on the 31st floor in high spirits.
Laursen and the traders from the American group were already doing preparations before the opening of the trading room in the No. 1 operation room. Sun Dahai and the people from the Asian group went to the public operation area next to them to watch the trading, so that their work would not be affected.
Tonight will be a sleepless night for everyone who is closely related to the stock market.
After Asian stock markets closed one after another, stock markets in various European countries opened one after another. The intraday performance was exactly the same as that in Asia. The London Financial Times Index fell 183 points, or 10.8%, creating the largest single-day decline in the history of the London stock market.
Similarly, the stock markets of France, the Federal Republic of Germany, the Netherlands, Belgium... all European countries were flooded with large sales orders. The stock markets of various countries generally fell by about 10% at the close, and a miserable storm enveloped Europe.
The long-awaited U.S. stock market finally opened. The Dow Jones Industrial Average on the New York Stock Exchange fell 67 points at the opening. Then selling orders swarmed out. Since there were almost no buying orders in the market, the prices of each stock fell.
Prices are falling rapidly in search of support.
As the stock market plummeted, many hedgers immediately sold stock index futures contracts on the Chicago Mercantile Exchange in an attempt to recover losses in the stock market.
As a result, stock index futures were also quickly pulled down, forming a linkage effect that drove each other with the stock market. For a time, the stock market and the futures market kept pace with each other and bottomed out one after another.
Laurson was also dumbfounded at this time.
Last weekend, he easily made millions of dollars in profits from day trading, earning a lot of face. Before starting work today, he had already made an agreement with the traders in the Americas group, and everyone was gearing up to continue the big fight.
Unexpectedly, after the New York market opened, Laursen only issued three orders, placing 10,000 short orders for Dow futures near the Dow 2200 to 2210, making it impossible to trade later.
Due to the excessive trading volume, which exceeds the maximum load of the computer system, the computer trading systems of the stock market and futures market are on the verge of collapse.
From this point on, all kinds of data were transmitted slowly, and the market information was delayed to the point where it was no longer clear that it was data from a few minutes ago. The market data that appeared on everyone's computers and TVs were all inconsistent with the time.
Laurson had to smile bitterly and stop trying to operate it. You can't just operate it randomly with your eyes closed.
It doesn’t matter if you don’t operate, just be patient and watch the trends in the U.S. market. The local news media in the United States have collectively gone crazy. Now the TV news from the United States is transmitted through satellite signals. It covers everything. In short, it is a mess.
The unbearable situation has made people panic.
At noon U.S. time, Securities and Exchange Commission Chairman David Rudd said in a speech in Washington: "At a critical moment, although we don't know when this critical moment will be, I will discuss with my colleagues on the stock exchange to temporarily close trading.
Place."
This news caused even more panic. Because once the exchange is closed, traders will not be able to sell their stocks. Their stocks will be worthless and thousands of dollars will be reduced to ashes.
As a result, traders had to "dump stocks" quickly, and big selling orders appeared one after another. Almost all stocks were not spared, and the Dow Jones Industrial Average plummeted like an obsession.
By two o'clock in the afternoon, the Dow Jones Industrial Average had fallen 250 points, and more than 400 million shares had been traded. The data displayed by the computer was 100 minutes behind the actual trading.
In the meantime, SEC officials came out to clarify: They were not discussing closing the exchange.
The clarification announcement still played a certain role. After 2 p.m., with the announcement of the clarification announcement, the stock market experienced a strong rebound, with the Dow Jones Industrial Average rising 350 points and returning to above 2,000 points.
Unfortunately, the rebound only lasted a moment. Before investors could breathe a sigh of relief, a new round of diving began again at 2:30. The Dow finally closed at 1,738 points, a single-day plunge of 508 points, with a decline of
22.6%, setting a record for the Dow Jones Industrial Average's largest single-day decline.
There are 1,600 companies listed on the New York Stock Exchange. On the 19th, only 52 stocks did not fall, and the prices of 1,192 listed companies fell below the 52-week low.
Among them, blue-chip stocks unexpectedly became the hardest hit. Stocks that are usually favored by investors, such as Telegraph and Telephone, Boeing, Westinghouse, American Express, Coca-Cola, and General Electric, all fell by around 30%, which was even deeper than the decline of some junk stocks.