The Great Sage Returns from Ten Years of Imprisonment
Chapter 250 The Consequences of Being a Dog
Across the ocean, in New York.
The New York Stock Exchange, stock trading floor.
Many traders stared in disbelief as they watched Goldman Sachs' stock price plummet on the electronic screen.
"Fuck! Goldman Sachs' stock price has plummeted by nearly 30%, it's insane! Is Goldman Sachs going to be the next top investment bank to go bankrupt?"
"Can anyone tell me, what exactly is the background of Broad Group? This little-known company actually won over $400 billion in a bet with Goldman Sachs, it's a complete myth!"
Traders and analysts who had free time were all talking at once.
People were curious, envious, and jealous, but most of them were gloating.
Even though Goldman Sachs' headquarters are on Wall Street, they have enemies everywhere.
There are far more professionals on Wall Street waiting to see Goldman Sachs suffer a Waterloo, and who would love for Goldman Sachs to collapse and go bankrupt immediately, than anywhere else!
With such a sensational event happening now, everyone is naturally enjoying the drama immensely, which can even partially offset the pain of losing money.
Just then, a gasp suddenly rang out in the hall.
"Look everyone, trading in Goldman Sachs stock has been suspended! What happened?"
Before the words were even finished, someone immediately provided an answer.
Goldman Sachs proactively applied to the NYSE for an emergency trading halt to handle some unforeseen events.
"Goldman Sachs claims it's out of concern for protecting investors' interests, but that's pure nonsense; they're afraid of a stock market crash!"
With this sudden turn of events, the trading hall erupted like a volcano, instantly becoming chaotic.
Following Goldman Sachs' emergency trading halt, shares of other top Wall Street financial institutions plummeted.
The entire financial sector is in the same boat, with the decline quickly exceeding -12%.
Panic intensified, quickly escalating into a stampede as countless investors began a frantic exodus, regardless of the cost.
The Westin Hotel on Financial Street, Beijing.
Upon learning that Goldman Sachs had ended its bet with Yuanda Group and suffered a staggering loss of over $400 billion, Lewis slumped onto the sofa in a daze.
He sat there for half an hour, during which his phone rang several times, but he ignored it and didn't answer a single call.
Half an hour later, he gritted his teeth and made a decision!
He then got up from the sofa, his face grim, and strode into the bedroom.
About ten minutes later, Lewis came out of the bedroom dragging a suitcase and walked straight to the suite door.
When he opened the door, what he saw was...
Two of his employees stood guard at the door, like gatekeepers.
Upon seeing Lewis, they all shook their heads.
"Boss, it's so late, where are you headed? We can take you there; it's safer that way."
"Mr. Lauder asked us to convey a message: wherever you go during this time, we must follow you."
Lewis froze on the spot, his face turning ashen.
Having spent one or two decades navigating the complexities of Wall Street, how could he not understand the situation before him?
Clearly, he had become the scapegoat and had nowhere to escape!
Having figured this out, Lewis gave a bitter laugh, nodded shrugged, and retreated to his suite.
"Good, very good, I should have guessed it long ago, this is what happens when you're a dog!"
As soon as he finished speaking, he retreated back into the suite.
Just as he reached out to close the door, one of his subordinates outside suddenly reminded him.
"Boss, Mr. Lloyd says that people from JPMorgan Chase are looking for you. You can refuse to answer the phone, but you'd better make arrangements for your family members living in New York and Boston."
Lewis paused for a moment, then slammed the door shut.
At 12:30 a.m., European stock markets closed with a record plunge.
The French CAC40 index plummeted 9.04%, marking its largest single-day drop since its inception.
The UK's FTSE 100 plunged 7.85%, marking its biggest single-day drop since 1987.
Germany's DAX index plunged 7.5%, and the pan-European 600 index recorded its biggest single-day drop since 1987.
The dramatic plunge in major European stock markets has further exacerbated panic in the US stock market, causing it to fall even faster.
Around 2 a.m., the Dow Jones Industrial Average fell by as much as 8%.
Countless institutions and hedge funds were forced to deleverage and liquidate their positions, and an indiscriminate sell-off swept through the entire financial market, covering all sectors, with liquidity drying up at a visible rate.
At the same time, almost all risky assets except gold are falling rapidly.
For example, international oil prices once plummeted by about 7%, falling to $86 per barrel, the lowest price since February of this year.
At this point, the United Securities investment team had successfully closed out their positions and were thoroughly enjoying their profits.
Everyone had some free time, so they sat at their respective workstations, chatting and laughing while watching the excitement of the US stock market. Everyone was extremely excited.
Just as the Dow Jones Industrial Average fell below -8%, Mr. Chen couldn't help but express his feelings.
"Lingyun, if Yuanda Group had dragged this out until now to end its stock index options bet with Goldman Sachs and Barclays, wouldn't it have made tens of billions of dollars more?"
"From this perspective, it really shouldn't have ended this thrilling gamble so early; otherwise, it might have destroyed Goldman Sachs."
As soon as he said those words, everyone in the meeting room turned to look at Ling Yun.
Ling Yun glanced at the dismal state of the US stock market on the electronic screen, smiled, and shook his head.
"Theoretically, this is indeed possible, but in reality, it's impossible. You see, Goldman Sachs and Barclays also have the right to demand the immediate termination of this stock index options bet."
"Faced with a near-collapsed financial market, they dared not gamble on a dramatic market reversal tonight, so they immediately proposed to terminate this stock index options bet."
"In the international financial market, such staggering losses exceeding tens of billions of US dollars are virtually impossible to fully compensate. They are usually settled through negotiation and back-and-forth, with a final amount acceptable to both parties."
"One more thing, the US stock market is Goldman Sachs' home turf, while Yuanda Group is playing away. Although this bet was won very well, we can't corner Goldman Sachs, or we might end up with nothing..."
Everyone paused for a moment, then after thinking for a while, they all nodded in agreement.
Especially Lou Dong and his group, their eyes showed even more admiration!
Hong Kong Island, Yuanda Investment Company.
More than two hours after the performance-based agreement was finalized, everyone was still in a state of extreme excitement, and the atmosphere in the office area was exceptionally lively.
Seeing the Dow Jones Industrial Average fall below -8%, people were excited but also somewhat regretful.
"If we had known the US stock market would fall this badly, we should have held on for a few more hours; we could have made even more money!"
"That's right, if we had dragged this out until now, we might have been able to beat Goldman Sachs and Barclays, wouldn't that be awesome!"
Listening to the murmurs of the crowd, Wang Mian, who was in the trading area, smiled and shook his head, but did not correct what everyone was saying.
He knew better than anyone else in the company that winning the bet was only the first step; the bigger challenge lay in the subsequent negotiations.
The remarkable achievements of Yuanda Investment are entirely due to Ling Yun's brilliant command and coordination.
Without Ling Yun's behind-the-scenes manipulation, this stock index options bet might have ended abruptly by Sunday afternoon!
Otherwise, none of this would have happened; Yuanda Investment could never have become internationally renowned overnight!
Just then, several traders suddenly exclaimed in surprise.
"Look everyone, the US stock market is rebounding, and it's rebounding very quickly. Something big must be happening!"
"brush!"
Everyone, including Wang Mian, turned their gaze to the electronic screen and computer screen.
as predicted!
The US stock market, which was entering the final trading session, suddenly rebounded strongly, rising by forty or fifty points in the blink of an eye.
Upon seeing this, everyone was stunned for a moment, and then suddenly cheered.
At this point, no one said that the betting agreement had ended too soon.
Goldman Sachs headquarters in New York.
In his office, Lloyd sat in his boss's chair, his face dark as he spoke with the Federal Reserve Chairman.
After the call ended, he suddenly became enraged and started cursing.
"Fuck, we've all been tricked by that little bastard! I'm not finished with him!"
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