The Great Sage Returns from Ten Years of Imprisonment

Chapter 157 Now is the Time for Revenge

With the formal declaration of bankruptcy by Lehman Brothers, this unprecedented global financial crisis erupted.

The first consequence was a sharp decline in the entire international financial market.

The Asian stock markets that opened first were hit hardest, all plummeting sharply.

Seeing signs of a potential collapse in its domestic financial markets, the Japanese government took the lead in intervening.

The Bank of Japan swiftly announced an immediate injection of 1.5 trillion yen in an attempt to stabilize the Tokyo currency market.

The result was just a tiny splash before it was completely swallowed up by the relentlessly surging international financial market.

Before major European stock markets even opened, the European interbank market was already frozen.

No European bank dared to lend money anymore, and they couldn't borrow a single penny from outside.

Seeing that things were not going well, the European Central Bank immediately stepped in and announced that it would inject 300 billion euros into the overnight market.

However, market demand is as high as 900 billion euros, resulting in a huge funding gap.

Following them, the German central bank, the Bank of England, and others injected large amounts of capital into the market.

Even so, it was still impossible to stop the major European stock markets from plummeting.

As soon as European stock markets opened, they immediately began to plummet in different time zones.

At this time, international oil prices began to consolidate and fluctuate at low levels.

After assigning strategies to several crude oil futures investment teams, Lingyun left the top floor of the CIC headquarters and went downstairs to the United Securities investment team's office area.

As soon as he stepped out of the elevator, he saw it immediately.

The two CEOs from CIC and CICC, along with Mr. Sun from China Aviation Oil, were waiting for him in the elevator with several investment directors.

The moment they saw Ling Yun, everyone immediately burst into enthusiastic applause.

"Welcome to take charge, Xiao Ling. In today's international financial market, you are a true investment genius, unparalleled."

Lou Dong said with great admiration.

As he spoke, he stepped forward and gently patted Ling Yun's shoulder.

Following closely behind, Mr. Sun and his colleagues echoed his sentiments, showering him with a string of compliments.

Ling Yun quickly offered a few polite words, jokingly saying that he dared not accept the title of "God of Investment".

After a few casual words, Chairman Lou suddenly lowered his voice and said:

"Xiao Ling, I received a call from Deputy Director Zhang half an hour ago. According to the latest statistics, the total investment profits of the numerous state-owned investment teams that participated in shorting the international financial market today have exceeded 300 billion US dollars."

"This is an astonishing figure, effectively offsetting the losses caused to the country by this global financial crisis. In Vice President Wang's words, you have made a tremendous contribution."

"Thanks to your reminder, we were able to do this. The European financial markets are already open, but the US stock market isn't open yet. Once the US stock market opens, how much profit do you think we can still make on our investments?"

Ling Yun smiled and quickly offered a few words of modesty.

"You flatter me too much. I don't deserve such praise. Today's excellent investment results are the result of the concerted efforts of all members of the investment team. I dare not take credit for it!"

At this point, he suddenly lowered his voice a few decibels.

"I am not familiar with the situation of other investment teams, but I know everything about the United Securities investment team and the Hong Kong Island branch of Yuanda Securities."

"Because these two teams have massively shorted European and American stock index futures and leveraged them very heavily, the growth rate of their investment profits from now until 4 a.m. tomorrow will be astonishing."

"I predict that stock markets in Europe and the United States will generally fall by more than 4% today. Add to that the financial stocks we've targeted, and the two investment teams should have no problem doubling or tripling their profits again..."

Upon hearing this answer, Lou Dong and the others were all stunned, their eyes widening in disbelief.

"If both teams can earn two to three times their initial investment, that's tens of billions of dollars in profit—it's insane!"

"That's right. We at China Aviation Oil have been selling aviation fuel for decades, and we probably haven't made that much money."

After some reflection, everyone walked into the office area together.

As soon as I entered the office area, I was greeted with thunderous applause.

The entire investment team from United Securities stood up and gave Ling Yun a warm round of applause, their eyes burning with enthusiasm.

Some of the younger guys even had a hint of admiration in their eyes.

Seeing this, Ling Yun naturally offered some polite words.

Then, while greeting everyone, he walked towards the office.

It was just past 3 p.m., and while there was still some time, Ling Yun and Director Lou held a short meeting in the office.

Although it was called a meeting, it was actually to introduce them to the situation of the international financial market and its future trends, so that they would have a better understanding of the situation.

And through Chairman Lou and General Manager Sun, this information is transmitted to a higher level, thereby guiding the overall situation.

The meeting lasted about twenty minutes before it ended.

Afterwards, Ling Yun left his office and went straight to the trading area, where he took command of the United Securities Investment Team to aggressively profit from the international financial market.

The subsequent development of the international financial market was exactly as he had predicted.

All stock markets plummeted, and the market was in a terrible state!

The German stock market, which opened at 3 p.m., saw a double whammy in both the financial and industrial sectors.

In just half an hour, the German DAX index had fallen by more than 3%.

Because the circuit breaker rules in the German stock market only apply to individual stocks, rather than the entire market index, the number of individual stocks that trigger circuit breakers is countless.

For example, the German Industrial Bank, which experienced the most dramatic drop, opened 5% lower and quickly plummeted another 10%, triggering a circuit breaker in the blink of an eye.

The entire German DAX index is also falling rapidly, panic is spreading quickly, and countless funds are fleeing frantically regardless of cost.

The joint securities investment team that aggressively shorted the German DAX index and German industrial bank naturally wouldn't miss such a reaping opportunity.

At Ling Yun's command, numerous eager traders immediately entered the fray to reap the rewards, their sickles swung swiftly.

The same scenario repeated itself as the French, Italian, and British stock markets opened.

For example, Barclays Bank in the UK opened 6% lower and plummeted immediately after the opening bell, quickly triggering a circuit breaker and marking its largest intraday drop since 1988.

Seeing this situation, the investment department of China Aviation Oil, which was eager for revenge, was not going to be polite.

As soon as Ling Yun issued the trading order, they immediately entered the market to reap the rewards, quickly closing out their short positions in Barclays Bank stock.

In just one day, China Aviation Oil not only avenged itself for being cheated four years ago, but also made several times more profit!

Busy as we were, it was already past nine o'clock in the evening.

As the opening time of the US stock market draws closer, the entire international financial market becomes increasingly volatile, and everyone's heart is in their throat.

Everyone understands that whether the financial tsunami triggered by Lehman Brothers' bankruptcy will turn into a massive global financial crisis depends on how the US stock market performs after it opens tonight.

If the US stock market performs like the stock markets in Asia and Europe, experiencing a continuous and devastating decline, then without a doubt, this will be a financial crisis with enormous destructive power.

If the US stock market can avoid a crash, then the international financial market might still be able to be saved!

At 9:30 a.m., the US stock market opened on time.

As expected!

US stocks crashed at the open, with all three major indices opening sharply lower.

Then, with absolute determination, it plunged straight into the water, offering no resistance whatsoever.

Seeing this scene, the last shred of hope in people's hearts was instantly crushed.

Everyone understands that a massive global financial crisis has finally erupted!

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