The Great Sage Returns from Ten Years of Imprisonment
Chapter 239 Goldman Sachs in Panic
With more than half of the votes in favor, the US government's $8500 billion bailout plan was successfully passed by the House of Representatives.
At 1:30 a.m., the famous stock market guru on Capitol Hill, also known as the infamous old witch, publicly announced the voting results in her capacity as Speaker of the House.
The US stock market responded by rising, with all three major indices surging. In just about ten minutes, the gains approached 3%.
Seeing this, countless bulls cheered, while the bears were somewhat apprehensive.
Among the cheering and celebrating bulls were guys like Lewis and Irwin.
Unfortunately, the good times don't last long.
This across-the-board price surge lasted for less than half an hour before abruptly ending.
"Look everyone, the Dow Jones has started to fall, and selling pressure has suddenly more than doubled."
With a loud reminder from an analyst, everyone turned to look at the market information on the electronic screen.
as predicted!
The three major U.S. stock indices, which had just been soaring, suddenly seemed to have their spines broken, turning sharply downwards and beginning a cliff-diving performance.
Countless sell orders appeared out of nowhere and surged in, leaving the three major US stock indices with no power to resist.
In the blink of an eye, the 1% increase was wiped out.
Just then, Ling Yun said with a disdainful sneer:
"What did I say? The risks of this financial crisis are far from over. To think that a single bailout plan can turn things around is pure wishful thinking!"
"Just watch, the most exciting performance is about to begin! Everyone, get your snacks ready and let's watch the show!"
"Hahaha"
Mr. Chen and the others all burst into laughter, nodding in agreement.
While laughing, they all gave Lingyun a thumbs up to express their admiration.
At 4 a.m., when the US stock market closed with a 1.5% drop, they all gave a thumbs up!
Their admiration for Ling Yun also rose to a new level.
Meanwhile, Lewis, who was in the hotel, angrily started cursing.
"Fuck, all the short sellers are fucking idiots, a bunch of shit-brained morons who ruined such a good market."
While cursing wildly, this scumbag's eyes were also filled with fear.
He knew very well that if the US stock market continued to fall next Monday, he would face huge trouble.
If the Dow Jones Industrial Average falls by more than 1%, he will lose all of his more than $20 million fortune and be burdened with at least $5 million in debt.
If the Dow Jones Industrial Average falls by more than 3%, I will have no choice but to become a high-flying man and commit suicide by jumping off a building!
The thought of such a deadly outcome sent a chill down Lewis’s spine, making him shiver uncontrollably!
The next moment, he quickly took out his phone and made a call to his investment manager on Wall Street.
As soon as the call connected, he asked impatiently:
"Andy, is it too late for me to cancel the previous stock index option betting agreement?"
Andy paused for a moment, then immediately gave a negative answer.
"It's too late to cancel the betting agreement now. In fact, this stock index option betting agreement was already in effect the moment the House of Representatives passed the bailout plan."
"Furthermore, the US stock market has already closed, making it even more impossible to cancel the agreement. We can only wait until the market opens next Monday, at which point the stock index option betting agreement will immediately take effect, leaving no chance for cancellation."
"Unless you can get in touch with senior officials at the SEC and have the SEC veto this stock index option betting agreement, which is extremely difficult, as you probably understand..."
Lewis was completely dumbfounded and stood frozen in place.
Although he had spent over a decade or two working his way up on Wall Street and had made a name for himself, he was still quite well-known.
However, he was well aware that with his power and influence, it was wishful thinking to expect the senior SEC to veto the stock index option betting agreement!
Lorde might have the ability, but I'm just a lackey who does dirty work for Lorde. How can I have the face to let Lorde make such a big fuss?
Thinking about this, Lewis suddenly felt a wave of frustration!
There was only one path before him: grit his teeth and await his fate.
Whether it leads to the pinnacle of life or a complete descent into hell!
Equally anxious was Goldman Sachs Hong Kong branch CEO, Irwin.
Even Goldman Sachs CEO Lloyd, who was far away in New York, felt a chill run down his spine as he watched the unexpected drop in the US stock market!
The US stock market actually fell by 1.5% today, which was completely unexpected and even a little unbelievable to him.
He stared at the market trend for a long time with a dark expression, seemingly only then confirming that this was not a virtual pig butchering scam.
The next moment, he grabbed a landline phone from his desk and dialed the number of the director of the risk control department.
Once the call connected, he quickly got to the point.
"You should conduct another thorough risk assessment of the stock index option betting agreement that the Hong Kong Island branch signed with Yuanda Group, and see how much of an advantage we actually have."
"If we lose this stock index options bet, roughly how much money will the company lose? We also need to carefully examine this betting agreement for any legal loopholes and whether it can be overturned..."
After the words were spoken, the risk control director on the other end of the phone fell silent, presumably looking up information on his computer.
It took seven or eight seconds for the other party to respond.
"Boss, according to our previous calculations, if the company fails in its bet, the company will lose about $10 billion for every point the Dow Jones Industrial Average drops tomorrow."
"The greater the drop in the Dow Jones Industrial Average, the greater the company's losses. Once the drop exceeds -5%, the losses will increase exponentially, which will be an unprecedented disaster."
"If that happens, the company can only try to reach a private settlement with the other party to minimize losses, or find a pretext to overturn the stock index option betting agreement."
"But I have to admit, this stock index option betting agreement is the most perfect I've ever seen, almost flawless. More importantly, it's been filed with the Securities and Futures Commission and the Hong Kong Monetary Authority, making it very difficult to overturn..."
As he listened to the venture capital director's analysis, Lloyd's face grew increasingly dark, and he also developed a severe headache.
Just then, he suddenly remembered the reminder Lewis had given him on the phone earlier.
Lewis reported to him that Ling Yun rejected Goldman Sachs' offer without hesitation.
Moreover, they are arrogant and not only do not respect Goldman Sachs, but also intend to be enemies with Goldman Sachs, regarding it as their biggest enemy!
Upon hearing Lewis's report, Lauder was furious and even cursed Ling Yun on the phone for being reckless!
Near the end of the call, Lewis reminded him again on the phone.
The mastermind behind this stock index option betting activity initiated by Yuanda Hong Kong Island Branch is very likely this reckless little rascal.
Even that almost flawless betting agreement was most likely the work of that little bastard!
Thinking of this, Lloyd clicked his tongue and cursed a couple of times.
"Fuck, looks like I underestimated this little rascal and was a bit too careless!"
"Boss, who is this little rascal you're talking about?"
"I asked the risk control director curiously."
It's 7:30 in the morning in Beijing.
At the CIC headquarters, after arranging the day's investment strategy, Ling Yun picked up her backpack and walked out of the office, ready to go home and rest.
As soon as he stepped out, he ran into Mr. Lou, who had arrived at headquarters early for work.
To be more precise, Chairman Lou came specifically for Lingyun, so as soon as he arrived at headquarters, he went to the office area of the United Securities investment team.
After exchanging greetings, Chairman Lou patted Ling Yun's shoulder with great admiration.
"Xiao Ling, your performance last night was absolutely brilliant, almost miraculous! It was truly breathtaking!"
"As far as I know, you and Yuanda Group are preparing to put on an even more spectacular show tonight. I wish you a resounding victory."
"Don't let those arrogant guys off easily then. Let's give them a taste of their own medicine. We'll see what they do."
Ling Yun naturally understood what he meant by those words!
Lou Dong, as the head of China Investment Corporation, was naturally one of the people who knew about the bet between Yuanda Group and Goldman Sachs and Barclays.
Ling Yun smiled and nodded decisively.
"Rest assured, we will not hold back tonight and will definitely help everyone vent their anger!"
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