The Great Sage Returns from Ten Years of Imprisonment
Chapter 155 Full-Scale Circuit Breaker
The New York WTI crude oil futures market opened on time at 9:00 a.m.
As soon as the market opened, the entire international financial market was instantly stunned and speechless.
The reason is simple: New York WTI crude oil futures opened sharply lower, and the price plummeted from $105 to $98.
Almost in the blink of an eye, New York WTI crude oil futures triggered the first circuit breaker of the day, and trading was suspended.
This marks the first time since February of this year that international oil prices have fallen below $100.
Seeing this, everyone in the trading area was dumbfounded, their eyes wide open, gasping for breath.
Even Ling Yun, who was mentally prepared, still felt a chill run down his spine when he actually saw this scene unfold as expected.
Fortunately, he reacted quickly and regained consciousness in the blink of an eye.
He then picked up the microphone from his workstation, smiled, and said loudly:
"Everyone, wake up! The plunge in international oil prices has indeed come as expected. The magnitude and speed of the drop are even more exaggerated than I anticipated."
"In light of this, I think it's necessary to adjust our strategy. Once the circuit breaker period ends and international oil prices fall to $94, we'll gradually close out our positions..."
His words brought everyone back to their senses.
Immediately afterwards, everyone turned to look at them, their eyes burning with a intensity that could ignite anything.
Ling Yun smiled calmly and continued to talk eloquently.
"International oil prices are bound to fluctuate wildly today, and trading volume is likely to increase many times over, or even more dramatically. These are all opportunities for us to profit."
"After completing the first wave of sales, we can remain silent for a while and wait for international oil prices to rebound. Once international oil prices rebound above $96.5, we can short again."
"For safety's sake, and to avoid attracting the attention of large international capital, when we short sell again, we need to control the amount of capital invested, with a maximum of 400 million..."
Everyone was shocked once again when they heard that he was going to repeatedly short sell and reap profits in one day.
Something like this has never happened before; this is the first time.
In the blink of an eye, Lingyun had completed the adjustment of the operation strategy.
As soon as he finished speaking, a whole host of questions immediately came rushing in.
Everyone who asked the question had their eyes shining with excitement.
"What exactly happened? Lingyun, why did international oil prices gap down so much at the open, and why is the speed of the drop so alarming?"
"This is crude oil futures, not stocks. I've never seen international oil prices plummet like this before. This is truly an eye-opener!"
"Could you explain to everyone why you've acted so unusually today, repeatedly shorting international oil prices? This isn't like your usual cautious approach."
Ling Yun glanced at everyone present and gave his answer with a smile.
"If I'm not mistaken, the reason for the dramatic drop in international oil prices is that news of Lehman Brothers' impending bankruptcy has already spread."
"If Lehman Brothers were to actually file for bankruptcy, given the size and immense influence of this top investment bank, it would undoubtedly trigger a major upheaval in the entire international financial market."
"As for why I decided to repeatedly short international crude oil futures, it's related to today's special circumstances; the international financial markets will be very active today."
"A series of shocking events will occur one after another, and the global focus will be on the US stock market. This gives us a perfect opportunity to repeatedly profit, and the probability of being discovered is much lower than usual..."
Hearing his explanation, everyone became very excited and secretly marveled.
This young man's ability to seize opportunities is outrageous, and he's ruthless enough!
Once an opportunity is found, there will be absolutely no mercy in reaping the rewards!
While secretly marveling at the situation, some quick-thinking individuals had already started searching online for relevant financial news.
In a short time, they had made a discovery.
"Breaking news from Wall Street: Lehman Brothers executives have decided to file for bankruptcy, and the application could be submitted to the court as early as today."
"Look everyone, the Asian financial markets have started to plummet, and the prices of other commodities are also dropping rapidly, only gold is rising against the trend!"
As the latest news arrived, many traders quickly turned to their computers to check international financial market data.
Ling Yun chuckled softly, casually took out his phone, and quickly sent a text message to President Wang of Yuanda Group.
"The liquidation price is lowered to $93.5, and the entire position is liquidated in one click. Then, no more than 200 million in investment profits are used to reverse the position and go long at $93."
"Close the position immediately when it rebounds to $96.5, take out another 200 million in profits, and go short again, closing the position at $93.5. Goldman Sachs is too busy to handle its own situation today, so you can trade with confidence."
After sending the text message, Lingyun prepared to put her phone away.
Just then, someone gently patted his shoulder.
"That was handled beautifully, Xiao Ling. On behalf of the entire civil aviation system, I express my gratitude to you."
"You not only helped us resolve a potentially huge threat, but you also helped us earn enormous investment profits—a truly remarkable contribution!"
Ling Yun casually put his phone in his pocket, turned to look at Deputy Director Li, and exchanged a few polite words with a smile.
"Thank you for the praise, leader. I'm truly undeserving of such praise. This is a win-win situation for both of us, and so far, the results have been very satisfactory."
As soon as he finished speaking, General Manager Kong chimed in with a few words of praise.
"Xiao Ling, your performance in this collaboration was impeccable, absolutely perfect."
"Through this collaboration, we not only resolved an imminent threat, but also earned unprecedented high profits, which is of great benefit to the development of all airlines."
Mr. Sun and the others nodded in agreement with what Mr. Kong said.
Ling Yun smiled and was about to say a few polite words when a cheer suddenly came from the trading area.
"Even after the circuit breaker ended, international oil prices are still falling rapidly; they're going to plummet!"
"$97.5, $97.3, $97... Wow, this drop is happening so fast!"
The moment he heard the cheers, Ling Yun immediately stopped talking and quickly looked at the computer screen.
Deputy Director Li and General Manager Kong, like everyone else, looked at the electronic screen hanging in the trading area.
as predicted!
International crude oil futures had just resumed trading when they immediately resumed their previous downward trend, continuing their dramatic plunge!
At that moment, London Brent crude oil futures suddenly triggered a circuit breaker, marking the first time the London market had experienced such a circuit breaker.
Just one minute later, cheers erupted again in the trading area.
"The price has fallen by more than ten dollars, triggering the second circuit breaker!"
Before the cheers had even subsided, New York WTI crude oil futures triggered their second circuit breaker of the day, suspending trading once again.
Even more dramatic than the first circuit breaker, this time both London and New York experienced simultaneous circuit breakers, with both of the most important exchanges in the crude oil futures market suspending trading.
Faced with this unprecedented and unusual situation, Deputy Director Li and his colleagues were completely dumbfounded.
Seeing their confusion, Ling Yun immediately smiled and explained:
"The circuit breaker rules for New York WTI crude oil futures and London Brent crude oil futures are different. It's almost unheard of for both markets to have circuit breakers triggered simultaneously; it's a miracle."
Specifically, New York WTI crude oil futures are primarily subject to static circuit breakers based on price, for example...
As they were talking, an oil analyst next to them suddenly pointed to the large screen TV mounted on the wall and said:
"Look everyone, the CEO of Lehman Brothers is preparing to be interviewed by reporters, and is expected to publicly announce the bankruptcy of Lehman Brothers."
"Whoosh!"
As if hearing the starting gun, everyone quickly turned their heads to look at the large screen TV on the wall.
The TV is showing CNN financial news, and it's a live broadcast from Wall Street!
The person appearing on the live stream was none other than Lehman Brothers CEO Richard Fuld!
This guy was disheveled and looked like a dejected loser, having just come out of the Lehman Brothers headquarters!
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