They are all reborn, and the grandson is still a spare tire
Chapter 1221 Black Monday is coming
As expected, the massive bailout plan proposed by the US government was rejected by the US House of Representatives.
Following Li Shan's excited announcement, the conference room suddenly erupted in cheers.
Almost at the same time, several large-screen TVs hanging on the wall also broadcast this explosive news.
Looking at the European and American financial markets, they have begun to perform a collective high dive.
"Look everyone, the decline of the U.S. stock market has intensified, and the decline has exceeded negative 7%. The speed is too fast!"
"The situation in Europe is the same, with the German stock market falling by more than -7% and the UK by more than -8%."
"Wow! The French stock market has fallen by more than -8%, and the Swiss stock market is the same. This speed of decline is really scary."
"Oh my God! All the stock markets in Europe and America are plummeting, and so are the futures markets. Will the international financial market collapse completely?"
"Mr. Yao, the S&P 500 index has fallen below -7%, triggering the primary market circuit breaker. Trading will be suspended for fifteen minutes!"
"Many S&P 500 stocks have fallen by more than -10% in five minutes, triggering circuit breakers. Some non-component stocks have fallen by 30%, also triggering circuit breakers."
Less than five minutes after the U.S. House of Representatives’ veto came out, the U.S. stock market had a circuit breaker and trading was suspended across the entire market.
Soon after, major European stock markets including the German, French, Swiss and British stock markets also triggered circuit breakers and trading was suspended across the entire market.
Seeing this crazy scene, everyone in the conference room, including Yao Yuan, was dumbfounded and stood there in amazement.
Outside this conference room, all investment teams of Jiuye Investment Group and everyone who stayed in the Bank of China Building tonight to work had the same behavior.
Not only here, but countless financial investment elites throughout Hong Kong Island and even all over the world were staring in astonishment.
Everyone stared with wide eyes, looking at the European and American financial markets that were almost completely shut down, with disbelief and fear in their eyes.
Those investors and financial institutions that are firmly bullish all have a feeling that this is the end of the world.
Even the countless short sellers who were bearish on the market were trembling with fear at this moment.
They want to make a fortune by shorting the international financial market, but they never want the entire international financial market to collapse completely!
Everyone understands the principle that if the skin is gone, where will the hair be attached?
Whether bulls or bears, their existence depends on this international financial market.
Wall Street was in extreme panic at this time.
The lobby of the New York Stock Exchange.
After the entire market was suspended, all brokers and traders were idle and had nothing to do.
Even if they wanted to do something, they couldn't do anything.
At this moment, all the brokers and traders in the hall looked up at the extremely tragic market, holding their heads in despair and wailing.
"It's over, it's completely over now! Whoever goes to the rooftop later, make sure to leave a spot for me. I'll go to the rooftop as soon as I finish processing the orders in my hand."
"Oh my God! What on earth did those bastards in the House of Representatives do? Do they want to completely destroy Wall Street and the entire financial market?"
"It's another damn Black Monday. I've never seen such a crazy crash. Countless people must have lost everything today!"
Wailing and cursing echoed throughout the trading hall.
The same scene is happening simultaneously in the offices of many financial institutions on Wall Street, in the stock exchange halls of countries such as the United Kingdom, Germany, France, Switzerland, and countless other places.
Almost without exception, everyone felt a wave of despair and fear, and everyone was madly cursing the U.S. House of Representatives, the U.S. government, and Wall Street.
Hong Kong Island, Bank of China Tower.
Yao Yuan quickly recovered from his shock and said loudly and excitedly:
"Everyone should wake up and not worry too much. The international financial market will not collapse completely. The US government and Wall Street will never allow such a thing to happen."
Following his words, everyone who had been in a daze came to their senses.
"brush"
Everyone turned to look over, and everyone's eyes were extremely fanatical.
In everyone's eyes, Yao Yuan at this moment was simply the God of Wealth with brilliant golden light shining above his head!
Looking at Yao Yuan again, he continued to encourage everyone with full confidence.
"If the US allows the international financial market to collapse completely, it will be tantamount to giving up its financial hegemony that has lasted for hundreds of years, and the Great Depression of the 1930s will happen again."
"Not only the US government and Wall Street, but also governments of other countries in the world do not want the Great Depression to happen again. The current international financial market is not that bad."
"After the fifteen-minute suspension of the first-level circuit breaker of the U.S. stock market, it will definitely continue to fall rapidly. It is estimated that it will soon trigger the second-level circuit breaker warning line of minus 13%, and trading will be suspended again."
"Fifteen minutes after the second circuit breaker, the situation should gradually improve. It is basically impossible to trigger the third-level circuit breaker of minus 20%, and trading will not be suspended all day. Everyone can rest assured and there is no need to panic."
"What we need to do now is to adjust our emotions, notify all traders, and wait for the first circuit breaker to end. After the market resumes trading, we will proceed as planned. That's all I have to say. Let's start making calls."
As soon as the words fell, everyone in the conference room responded immediately.
"Got it, Boss (Mr. Yao), just watch us."
Immediately afterwards, many investment advisors picked up the phones in front of them and began to notify their respective investment teams and traders to prepare for shipment.
As they made calls one by one, all the investment teams remaining at Jiuye Investment’s Hong Kong Island headquarters instantly entered a state of readiness for battle, shouting with excitement.
At this moment, Zhou Chaoyang said in a low voice with a beaming look on his face:
"The speed and magnitude of the decline in the U.S. stock market are so frightening that it looks like a complete collapse is imminent."
"To be honest, I thought the U.S. stock market would plummet today and bring down the entire international financial market, but I didn't expect it to fall so wildly."
Yao Yuan turned his head and looked at him, then continued in a low voice:
"I didn't expect the U.S. stock market to fall so quickly and trigger a circuit breaker in the primary market in such a short period of time. This is really a bit crazy!"
"If the current situation continues, the U.S. government will definitely intervene in advance and quickly hold a second vote on the rescue plan if Wall Street and the international financial market are to avoid a complete collapse."
"In this case, we also need to adjust our plans to adapt to the latest changes. Mr. Zhou, you stay here and watch. I'll go to the lounge and call Jingcheng to report the situation."
"Okay, leave this to me!"
Zhou Chaoyang nodded in response.
Then, Yao Yuan got up from his chair and went to the lounge next door.
As soon as he entered the lounge, he immediately took out the military satellite phone and started calling Uncle Qiu in Beijing.
In a blink of an eye, the call was connected.
After revealing his identity, Yao Yuan went straight to the point.
"Uncle Qiu, I didn't expect that the U.S. stock market would trigger the circuit breaker in the primary market so quickly. It is very likely that the circuit breaker in the secondary market will be triggered next. The speed is too fast."
"In view of this, I believe that the US government and Wall Street will intervene in advance to prevent a complete collapse of the financial market, and it is very likely that the time for the second vote will be announced today or tomorrow."
"According to normal procedures, the second vote will be held in the Senate, and then back to the House of Representatives for a vote. Even if the US is faster, it will take three days to pass this rescue plan and stabilize the financial market."
"Let's calculate it based on three days. Before the bailout plan is voted on in the Senate, 50% of the short-to-long position will be completed, and before it is sent to the House of Representatives for the next vote, the short-to-long position will be completely completed."
The next moment, Uncle Qiu's admiring voice came from the phone.
"Okay, since you think it's necessary to adjust the strategy in time, then I'll do as you say and quickly adjust the investment strategy. This is called acting according to the situation!"
"Your judgments on this financial crisis are so accurate. Everyone is convinced by your predictions and judgments."
"After this period of operation, including your Jiuye Investment, we have made a lot of money. We can be said to be in an invincible position."
"Next, as long as we control the risks, no matter how the financial market changes, we will be one of the biggest winners."
Yao Yuan smiled softly and said with some pride:
"That's right, Uncle Qiu. We are now the biggest winners of this global financial crisis. No one can surpass us!"
"And as time goes by, our gains will become greater and greater, laying the most solid foundation for the rapid development of our country in the next few decades."
"Hahaha, you really have big ambitions, great!"
Uncle Qiu laughed happily.
When the laughter died down, he suddenly changed the subject.
"The leaders highly appreciate your generous donations to the top universities in the mainland to support the development of higher education."
"You did a great job on this matter. What is more commendable is your attitude towards money and wealth. You performed very well."
"Hey, thank you for your compliment."
Yao Yuan responded with a smile.
After chatting for a few more sentences, Uncle Qiu hung up the phone and went to report to his leader.
Yao Yuan called Uncle Chen from the secret operations team to discuss adjusting the investment strategy.
At this time, in the luxurious villa where the decision-makers of the secret action team were located, there was also thunderous cheers.
Only after finishing the call did Yao Yuan leave the lounge.
Less than two minutes after he came out of the lounge, the fifteen-minute suspension of the U.S. stock market's first-level circuit breaker expired and trading resumed.
Soon after, major European stock markets also resumed trading.
The future trend of European and American financial markets is almost exactly what Yao Yuan predicted.
As soon as the U.S. stock market resumed trading, it continued to fall rapidly without any resistance.
In just about five minutes, the Dow Jones Industrial Average fell below negative 10%, and the S&P Financial Index fell even more dramatically.
The moment the Dow Jones Index fell below negative 10%, the trading order set by Yao Yuan was immediately triggered.
"Ship!"
An excited voice was heard simultaneously in the office areas of all the investment companies of Jiuye Investment.
"Roger that!"
Those traders who had already wound up their operations responded loudly.
Then he took quick action and started selling the large number of short positions he held, reaping wealth crazily!
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