Wall Street bigwigs!

At midday closing, three institutions simultaneously sent emails to Green.

Goldman Sachs and Wells Fargo Securities received the buyback notice a little later, but fortunately, the stock price was still falling at the time, so no one was competing with them for the shares.

So the combined profits of the two firms were actually $30 more than Merrill Lynch's.

With a total principal of $500 million and leverage of 15 times, Green borrowed a total of 150 million shares from three institutions, worth $6375 million (before the market opened).

After receiving the buyback order from Green, the three companies bought back the shares at a price of $19.5 each.

In just half a day, Green made $3750 million, not including the service fees and securities lending interest of about $50.

But Green earned $3700 million in just half a day, a deal that can be considered one of the greatest miracles in American financial history.

Wait, it seems I forgot to calculate capital gains tax.

In cases like Green's, the general income tax rate of 38.5% applies to calculations for periods of less than 12 months.

Damn the IRS, Green will probably have to pay a huge sum of money when he files his taxes next April.

After lunch, Green sat alone in front of the floor-to-ceiling window of his apartment.

The sunlight streaming in from outside felt like a gentle, warm hand enveloping Green.

As expected, Westinghouse Electric's stock price rebounded slightly after the market opened in the afternoon.

Westinghouse Electric's stock price closed at 16:00, at 23 yuan, down 45% for the day.

After Green received the confirmed results, he not only did not want to stop, but instead prepared to take advantage of this momentum to turn the tide against the bears.

Green tapped his fingers haphazardly on his knees while dialing three securities firms.

This stock market crash clearly disrupted the plans of the US government and the Federal Reserve. Greenspan wanted to overturn his predecessor's monetary policies, but he did not intend to start in this way.

Therefore, the current stock price is bound to rise, and recovering lost ground is an inevitable event.

However, the upward trend is inevitably accompanied by violent fluctuations, and at this time, it is easy to be liquidated by using a high leverage of 15 times.

If history doesn't change, the Federal Reserve will come out tonight to promise to provide liquidity, which would be tantamount to repudiating former Chairman Paul's interest rate hike policy.

The dollar has been depreciating since Nixon ended the Bretton Woods system.

If it weren't for finding those Middle Eastern princes to link the dollar to oil, those old European robbers would have probably ruined America long ago.

A few years ago, the United States and Japan signed the Plaza Accord, but the results were far from ideal.

Later, the United States signed the Louvre Agreement with several European countries, but the dollar still couldn't hold up.

The Federal Reserve had no choice but to turn on the tap and start injecting liquidity, and as it continued, it looked like it was about to flood the market with money.

There was no other way but to raise interest rates, as former chairman Paul had to do so.

And wow, as soon as it reached 120 basis points, several European countries followed suit.

This led to a sudden decrease in liquidity in the US financial market.

Therefore, this stock market crash cannot be viewed simply in terms of computer trading strategies.

It was a combination of multiple factors; if even one or two conditions had been missing, the situation we see today would not have occurred.

When the three institutions heard that Green wanted to go long with 5x leverage, they all agreed without much thought.

After all, the profits from today's settlement are still in their hands, and 5x leverage is well within their acceptable range.

On the contrary, Green didn't feel like he was at a loss. Since he had signed a one-month agreement with them, he figured he might as well seize the opportunity to make some more money instead of leaving it there.

Later that evening, the White House spokesperson announced to reporters that the president had received notification of the Federal Reserve's interest rate cut and that the Fed would provide unlimited liquidity to the market before the next trading day.

Meanwhile, Warren Buffett, the most prominent figure in American finance, announced in an interview that he would invest $7 million in Salomon Brothers.

He expressed optimism about Coca-Cola's stock price in the long term, and Berkshire Hathaway did not sell a single share of its Coca-Cola holdings today when the stock market fell.

The fact that both the government and the stock market guru have spoken out at the same time is undoubtedly a positive sign.

Just as Green finished his bath and was about to rest, he received a call from Richard, which surprised him.

"You're not here to ask me for that $2, are you?" Green joked.

"Hey buddy, do you have a moment? Come out and let's grab a drink to celebrate your amazing victory today." Richard's voice sounded tired, as if he was exhausted from the day.

Green hesitated for a moment but then agreed.

"Tell me a location and I'll come over myself later."

"Let's go to Black Jazz Bar."

Half an hour later, Green walked into the Black Jazz Bar.

Unlike most noisy bars, this place emphasizes style, like Green in a suit.

"A Gin and Tonic." Green, sitting next to Richard, waved to the bartender.

He glanced at Richard, who raised a glass of whiskey in a gesture of respect.

"Why are you drinking such strong liquor? How are you all doing today?"

Richard shook his head, looking somewhat heavy-hearted, and Green's heart skipped a beat.

"You guys aren't going to get stabbed, are you?"

Richard downed the rest of his drink in one gulp and gestured for another glass.

"My team didn't lose money anyway, so I followed your madman and shorted the market."

Richard smiled slightly as he spoke, then frowned.

"I didn't receive the message when you notified the trader about the buyback, and the stock rebounded in the afternoon, causing some profit to be withdrawn."

Richard followed his lead in shorting Westinghouse Electric, which was expected.

Upon hearing that there was no loss, Green was somewhat puzzled as to why Richard looked like that.

"Then why are you so melancholy?"

"Sigh, you've seen the news, right? Now I'm a bit unsure whether to be bullish or bearish tomorrow," Richard said, clinking glasses with him.

Green raised an eyebrow. Goodness, this guy's trying to get information out of him. It seems Richard didn't get the information he was planning to do more.

That makes sense, since Richard himself was a trading manager at Merrill Lynch.

Green dealt with the major clients' trading department, and they certainly wouldn't say anything reckless after receiving the warning.

"Just follow the old man's lead, whatever he buys, I'll buy too." Green's words were practically an open secret.

After listening, Richard breathed a sigh of relief and handed Green a cigarette to light it for him.

Richard wasn't telling the truth. As a stock trading manager, he didn't have much autonomy. Today, he was only shorting Westinghouse Electric with Green, and it was just a small amount of money.

More operations were carried out collectively according to the instructions issued by the investment and trading department, but no one expected that the computer trading model would be triggered today, catching everyone off guard.

Fortunately, at noon, all the companies held a meeting and unanimously agreed to buy more as the price fell. They were buying up any Nasdaq component stocks that had fallen by more than 30%.

It seems like a painful loss now, but if you hold it for the long term, you might be able to make a profit.

It's just a matter of how much or how much money you make; that's the foundation of large institutions' risk management and investment acumen.

The two chatted for a long time, and before leaving, Green handed Richard a cash check for $2 as a kickback.

After Green left, Richard quietly took out his phone and made a call.

Richard said one sentence on the phone: "Tomorrow, clear out all your Westinghouse Electric stock and buy Salomon Brothers stock."

Richard then drunkenly paid the bill for two people and staggered out of the bar.