Wall Street bigwigs!

October in New York is like a veiled woman, mature, gentle, and understanding.

At 1 p.m., Green Walker arrived at Richard’s office on time.

Both were dressed like refined scoundrels, dressed in suits and ties, and a contest had already begun amidst their laughter and conversation.

Richard then introduced the other two people in the office: his boss, Smith, the investment manager, and John from the risk control department.

Despite it being Sunday, these investment bankers are still at work.

John handed over a supplementary agreement, which Green Walker examined carefully. The supplementary document was simple, outlining the obligations and responsibilities of both parties.

A few minutes later, Green Walker pulled out a Montblanc Master Series 18K fountain pen and quickly signed his name on the contract.

Now that the contract has been signed, it's Green Walker's turn to speak.

"Tomorrow, after the market opens, I'll help you short Westinghouse Electric."

"Do you have any inside information?" Richard asked suspiciously.

Green's tone was so arbitrary that he couldn't help but suspect that Green had obtained inside information from somewhere.

This kind of thing is very common in financial markets; otherwise, why would some institutions make a fortune after a crisis breaks out?

That's right, I'm talking about Goldman Sachs and Morgan Stanley.

These two companies, relying on their relationships with the Treasury Department and the Federal Reserve, have been behind numerous US stock market crises.

As for other investment banks and financial institutions such as Merrill Lynch and Lehman Brothers, they can only follow behind and pick up scraps.

Seeing this, Smith and John both turned their attention to Green, wanting to hear his opinion.

"There's no inside story involved. My judgment was based on market analysis. Haven't you all looked at Westinghouse Electric's financial statements?"

Green shrugged, put his coffee on the table, and looked at the three of them speechlessly. The meaning in his eyes was clear: Are you professionals?

"But why would the market crash as soon as it opens tomorrow?" Smith asked Green.

Green pointed to his head and gave the other person a meaningful look.

This further confirms the rumors circulating in later generations that this financial stock market crash was a sudden event.

Because the disaster struck so suddenly, American financial institutions suffered widespread losses, and even Goldman Sachs and Morgan Stanley were not able to escape unscathed.

Therefore, even if they extended the time horizon in subsequent transactions, they managed to recover this loss.

But it's undeniable that they did get beaten up.

"Intuitively, the two consecutive days of decline last week gave me an opportunity, so I'm willing to give it a try."

Smith and John exchanged a knowing glance, both thinking Green was insane. He dared to gamble on such a short-term fluctuation?

Richard, however, was hesitant. He had known Green for several months and they had a good relationship; otherwise, he wouldn't have helped him secure funding.

He had carefully reviewed Green's trading methods and concluded that Green oscillated between genius and madness, but Green always made a profit when it came time to settle the final settlement.

"Should I short Westinghouse Electric tomorrow?" Richard hesitated.

Green only said he was going by intuition without any detailed planning, and he seemed a little hesitant.

Because the funds he manages belong to Merrill Lynch, he would be held responsible if problems arose from following Green's trading strategies.

Green doesn't care what they think. In any case, judging from what has happened recently and the stock price drop a couple of days ago, the course of history has not changed because of him as the X factor.

Tomorrow will see a black swan event that will be famous in American history. The entire Dow Jones index will fall by 22%, and Westinghouse Electric will be the worst-performing stock of its size, without exception.

Although a very few stocks with low liquidity and small size even fell by more than 50% that day, he did not intend to enter them.

Ultimately, these stocks are too small to support the funds he has leveraged 15 times. If he makes a mistake, he could easily lose money.

Westinghouse Electric is such a great target, with a large size (US$86.28 billion) and ample liquidity (96% of its shares are outstanding).

Major institutions have enough stocks they can lend to him.

In Green's view, as long as the historical process is followed, his actions, though outstanding, are convincing enough.

As he just said, Westinghouse Electric has had operational problems in the past two years, which is clearly reflected in its financial statements.

Before leaving, Green gestured to Richard to make a phone call and then took the newly signed contract to the other two agencies.

After Green placed the supplemental contract from Merrill Lynch on the desks of the finance heads at Wells Fargo and Goldman Sachs.

The other party simply glanced at the documents and then had someone produce the same contract. The details of the three contracts were also very similar.

The tense day of October 19th has arrived.

At 8 a.m., Green got up, washed up, and cooked himself some dumplings he bought from Chinatown.

At 8:30, Green contacted the three institutions on time, instructing their traders to immediately sell all their Westinghouse Electric shares after the market opened at 9:30.

Only after receiving an affirmative reply did he relax, make himself a cup of coffee, and quietly wait for the moment that would determine his fate.

He had been preparing for this day for almost a year.

There were moments of hesitation and confusion, and I also fantasized about becoming a financial tycoon, standing in the top office on Wall Street overlooking the New York skyline.

当时针缓缓指向1987年10月21日上午9:15分时，格林放在膝盖上的手指轻微的颤抖起来，脑海中不停的给自己加油鼓气。

The American financial market has always been a pioneering reformer, much like the French Revolution, but it has a fatal flaw: it is always the first to criticize itself.

In the United States, institutions are now widely adopting a new trading strategy: algorithmic trading.

This trading strategy, in essence, delegates the work that previously required human decision-making to computer algorithms, which is a bold attempt.

However, algorithms are rigid, while financial markets are dynamic; computer algorithms will only run according to a predetermined program.

Last week, US stocks experienced two rounds of declines, and with the index currently at a historical high, the pressure has already reached its limit.

Since the beginning of the year, the Federal Reserve has unfortunately raised interest rates by 120 basis points for several consecutive months, further suppressing market liquidity.

For those financial experts who tout in the media that the decline is merely a technical adjustment.

As someone who came after him, all Green can say is screw it!

If you don't understand history, you could easily be deceived.

But Green knew that was because several economically developed European countries, such as Germany, France, and the UK, were also raising interest rates in line with the Federal Reserve, and by even larger margins.

Those familiar with finance know that there is an impossible triad relationship between stocks, currencies, and bonds.

Moreover, yesterday, Federal Reserve Chairman Alan Greenspan hinted at a devaluation of the dollar during a media interview following a financial conference.

Good heavens, they practically want the US stock market to die right now!

After seeing the news last night, Green happily rewarded himself with a bottle of Georges Lamont Cabernet Sauvignon worth $3.5.

Time passed slowly, and the streets of New York outside the window were like a rushing, turbulent river, carrying countless grains of sand forward, toward money!

The development of the times follows a certain pattern, and at this time, personal computers could not update stock prices in real time.

It can only be used with a special terminal, just like modern mobile phones don't have screens or SMS functions.

At 9:15 a.m., during pre-market trading, Green connected his computer to Bloomberg's dedicated terminal.

The trading was a bit laggy today; Green waited for more than a minute before it refreshed.

At 9:35, Richard called to inform me that all of Greenwoods Electric's stock had been sold, and the stock price had now dropped to $39 (pre-market price $42.5).

Subsequently, Green received calls from Wells Fargo Securities and Goldman Sachs, and all of his stock holdings had been sold off.

Green glanced at the monitor; the Dow Jones Industrial Average was now fluctuating much more wildly than it had in the two days of the previous week.

Green took a sip of coffee, the bitter taste filling his taste buds, just like the budding romance of a young girl making his heart pound.

Just as he had expected, at 9:40 a.m., the same thing happened a second time right before his eyes.

At this time, a sense of confusion and panic permeated the market. Some people were panicked, while others were caught in a dilemma.

The moment Green had been waiting for finally arrived. When the index fell to a level that could trigger computer trading strategies, a large number of batch automatic sell orders suddenly appeared in the market.

This sale further exacerbated the positive feedback loop of [decline-sell-further decline].

Finally, when someone noticed something was wrong, various securities firms and hedge funds sold stock index futures to hedge against risks when the stock index fell.

This led to a market-wide plunge, exacerbating the spread of panic.

Perhaps led by Green, Westinghouse Electric's stock sell orders piled up instantly.

On the contrary, buying interest was scarce, with no buffer at all, and the stock price plummeted to $28.5, a drop of 32.9% from the pre-market price.

Seeing the red downline really shocked Green.

But that wasn't the end of it. In the next half hour, the stock price plummeted to just $21, a drop of more than half!

To be honest, even Green is a little panicked by the stock price falling to this level.

In his memory, the stock price didn't move like this; the fluctuating intraday chart was just like his heartbeat going up and down.

Fortunately, about half an hour later, there was a sharp fluctuation in the market, and Green guessed that market makers had started to take over the stock.

After a moment's thought, Green made a difficult decision: he was ready to close the net.

Perhaps the stock price will reach its peak of decline before the midday close, just as he remembers.

But he wasn't prepared to take any more risks; not earning the last dollar was his motto from his past life, which helped him weather several risks.

So Green picked up the phone and dialed the number.

The call was answered instantly, and the voice of the transaction manager breaking down in his guard came from the other end.

"Mr. Green, you've struck it rich! I wish I had come aboard with you."

Green coughed lightly twice and said in a low voice, "Hurry up and buy back my stocks while the market is under a lot of selling pressure."

The trading manager on the other end of the phone was instantly stunned, like a duck being choked, and it took him a long time to come to his senses.

"Are you sure about now? I see a lot of disagreement in the market, with more bearish sentiment overall. Perhaps you could wait and see?"

"No, right now. Finish before the market closes at noon. Execute immediately!" Green said in a cold and serious voice.

"Okay, you're the boss, so you call the shots. I'll start the buyback right away."

The trading manager was taken aback by Green, who had never been so serious before. Fortunately, his professional ethics kicked in and he immediately executed Green's trading order.

After hanging up, Green called the other two companies as well. After hearing Green's request, they immediately began to carry it out without saying a word.