Hollywood Hunter

"As of yesterday's close, the Dow Jones Index fell 508 points and the federal stock market lost $503 billion overall."

"Is 1987 equal to 1929?"

"The panic continues to spread. SEC officials urgently clarified that there is no plan to temporarily close the stock exchange."

"James Baker should take the blame and resign for his inappropriate comments."

"The CME Group's S&P 500 Index futures lost 3.52 billion U.S. dollars in long positions, and there is huge pressure to increase margin."

"The Federal Reserve held an emergency meeting to require major banks to provide sufficient funds and credit to exchanges to avoid transaction defaults aggravating market crises."

"Chicago Mercantile Exchange Chairman Leo Meramed issued a statement: CME Group Clearing Bank has received a total of US$3.7 billion in margin calls and the exchange will open normally at 8:30 Central Time."

"..."

"..."

The plummeting curve almost exactly the same as in 1929, kept countless people sleepless all night.

A series of serious chain reactions caused by the stock market crash in 1929, including bank failures, factory closures, and barren farms, once caused nearly a third of the entire US population to lose any income. At its worst, food shortages even caused national malnutrition.

From 1929 to 1933, the number of deaths in the United States reached 7 million in just four years, equivalent to 7% of the total population of 100 million in the United States at that time, and the death rate far exceeded the average level in normal years.

In 1987, the people standing at the top of the American pyramid basically still have deep memories of the Great Depression era. Therefore, in just one day, the federal government quickly launched a series of rescue plans at all costs.

In the early morning of October 20th, Fed Chairman Greenspan, who had just taken office for more than a month, decisively "opened the gates and released the water" and directly announced that the federal benchmark interest rate would be significantly reduced by 0.75 percentage points, and he would purchase bonds from major North American banks Provided a cash reserve of US$12 billion.

Subsequently, from the White House to the local banks in various states in the United States, they began to take substantial rescue measures.

Affected by this series of good news, after the market opened on Tuesday, the Dow Jones index began to rebound, rising from 1738 points yesterday to a high of 2035 points within half an hour.

It's just that the stock market bubble that has accumulated for five years cannot be immediately remedied with one or two shots.

After a brief rebound, the Dow Jones index took a sharp turn again.

On the other side, the S&P 500 index, which is closely related to the Dow Jones Index, has almost the same trend after the opening.

The S&P 500 index closed at 201 points on Monday and opened on Tuesday. It also rushed to 245 points within half an hour, and then plunged again.

...

Los Angeles.

In the Palisades mansion, Simon closed 8,300 short contracts yesterday from a low of 200 to 210 in the S&P 500, with a single-day profit of more than 350 million U.S. dollars. At the same time, 3,500 long contracts were established between 200 and 210 points in the Westeros account.

At the opening of the market on Tuesday, Simon patiently waited for the S&P 500 index to rise briefly, then decisively adjusted the liquidation range, locked the 220-point index ceiling and began to sell, while continuing to establish long contracts in the same range.

In addition, Simon also withdrew $200 million from yesterday's profit, moved to the New York Stock Exchange, and began to buy the various stocks in the plan.

...

Chicago.

Time quickly came to Thursday.

At 7 o'clock in the morning, Central Time, Noah Scott, who had only rested for less than five hours on average in recent days, hurried to the Lehman Brothers Chicago branch with two bloodshot eyes.

As the vice president of Lehman Brothers, Noah Scott alone manages a trading team with six analysts and has his own separate office.

Throwing his briefcase and today's newspaper next to him, Noah Scott sat down behind his desk and turned on the computer, but he couldn't help but feel a little dazed: How much did that guy make?

After James Robinson made the wait-and-see decision some time ago, Noah Scott secretly borrowed $1 million from his father and secretly bought 55 S&P 500 short contracts, which is also about 80% of Simon’s previous positions. .

Noah Scott really wanted to make a bet on whether the man whom all his classmates, including himself, wanted to pursue fruitless girls, was really amazing.

then.

On Monday, Noah Scott felt the feeling of getting rich overnight.

55 contracts, all closed at the bottom of the 200-point S&P 500 index, Noah Scott easily earned $2 million.

However, Noah Scott was not happy at all. He kept thinking about the money Simon withdrew from the Lehman Brothers account, more than 350 million U.S. dollars, if it was still 80%. Short positions, that is, nearly 20,000 short contracts.

With 20,000 contracts, it is obviously impossible to complete the liquidation at the lowest point of the S&P 500 index, but even according to Wednesday's 259 points closing point, Simon Westeros' short positions can generate large profits.

What's more, as long as it is not so greedy, Simon Westeros will definitely be able to close all positions on Monday and Tuesday for two consecutive days. Even if you build a long backhand, the other party's income will definitely be able to increase significantly.

Noah Scott is a man of great self-control. After closing those 55 contracts on Monday and earning $2 million, he decisively stopped.

Although the federal government has taken a series of powerful rescue measures in time, no one can be sure whether the US stock market will continue to fall sharply as it did in 1929. But at this time, looking back at the S&P 500 index curve from Monday to Wednesday, and contacting the young man's previous operations, Noah Scott is almost 100% sure that the other party will definitely re-establish long positions and make a backhand.

On Monday, it gapped and opened lower, and the S&P 500 index closed at 201 points.

After a brief rise on Tuesday, the S&P 500 index still closed at a low of 212 points.

Gap opened higher on Wednesday, opened at 237 points and closed at 259 points, and the market stabilized.

So, if you are that young man, you should probably have completed all short contract liquidation operations on Monday and Tuesday, and if you build a long backhand during the period, you will definitely get a large amount of money again on Wednesday.

350 million US dollars in principal.

80% of open interest.

right now.

Noah Scott is increasingly wondering how much Simon Westero has made in recent days?

$1 billion?

Even if you can't make that much, but counting the previous principal, Simon Westero, who is only 19 years old this year, should now be a billionaire rich man.

wrong.

Perhaps, there should be Janet Johnston among them.

but.

One billion dollars!

In any case, Noah Scott knew that perhaps he would never be able to match the wealth of those two people in his life.

Just, 1 billion dollars, how does that guy plan to spend it?

perhaps.

Six months ago, Simon Westero and Janet Johnston reported that they were about to go to court because of the income distribution problem of "Lola Run". Now, with such a huge amount of income, even if the two fell in love with each other before, in the face of huge wealth, maybe there will be a dispute next?

Thinking of this with a bit of anticipation, Noah Scott’s office door was suddenly pushed open. An analyst under him hurried over and said, “Noah, it’s not good. The news is everywhere that we will sell thousands of contracts after the market opens?"

Noah Scott was still a little dazed, and subconsciously asked: "What?"

The analyst said: "For the contracts of the Quantum Fund, someone leaked the news that we would sell those contracts in advance."

In early October, Soros' Quantum Fund and Simon's Westeros Company began to build positions at the same time. However, the Quantum Fund has continuously bought more than 30,000 long contracts in most of the month.

After the crash began, the Quantum Fund’s contract was forcibly closed out in recent days. After a margin call, the position stabilized yesterday and the position was closed again. But at this time, a total of 9,000 contracts remain in the Quantum Fund’s account.

Even though the federal government’s rescue measures have begun to bear fruit yesterday, everyone understands that the S&P 500 index cannot return to a high of 300 points in the short term, and there is no second option for the Quantum Fund apart from cutting meat and leaving the market. .

Of course, Lehman Brothers cannot have only Noah Scott as a trading team.

Large clients like Quantum Fund are actually Noah Scott’s immediate boss, and a senior vice president of Lehman Brothers is personally responsible.

Hearing the explanation from his men, Noah Scott relaxed and said: "Charlie, this has nothing to do with us, doesn't it? Will messed up, that's his business." So, Noah Scott He glanced at his watch, clapped his hands and said: "Okay, let everyone in, we will work soon, let's have a meeting first."

8:30 Central Time.

When the Chicago Mercantile Exchange officially opened, Noah Scott discovered that the news that Lehman Brothers was about to sell thousands of contracts leaked ahead of time, and how bad the impact was.

As we learned in advance that Lehman Brothers was about to sell a large number of contracts, after the opening of the market, all other brokers in CME Group began to wait and see and did not accept Lehman Brothers sell orders at all. As a result, under the accumulation of market selling pressure, the S&P 500 index plummeted again. In just over ten minutes, it plummeted from 256 points at the close of yesterday to 197 points.

Los Angeles.

In Palisades's mansion, it was still early in the morning, and Janet, who was already a little numb, did not get up early today.

On Monday and Tuesday, Westeros surpassed Noah Scott’s 26,700 short contracts, and today there are fewer than 5,000 contracts left. At the same time, Simon once again established a total of 7,000 long positions in the range of 200 to 220 points on Monday and Tuesday, and completed the liquidation of 2,000 long contracts at a high of 250 points on Wednesday.

Hearing from the phone that he expected the S&P 500 Index to plunge again, Simon decisively issued an order to clear the short position.

If the memory is correct, Simon has less than three hours left. At mid-afternoon central time, after the selling pressure in the morning is digested, the S&P 500 will rebound again.

After a few days, Goldman Sachs and several other traders have become familiar with Simon's operational intentions, so naturally there is no need to spend any more words.

Simon then turned his attention to New York.

In the previous two days, Simon had drawn a total of 400 million US dollars in funds, all of which were smashed into the New York stock market. His buying strategy is also very simple and clear-technology stocks.

Before the final layout, Simon had already compiled a list of technology stocks that he planned to buy. Of course, there were a lot of companies such as Apple, Microsoft, Intel, Oracle, and SUN. Of course, Simon had not forgotten to mix some sand in it. '.

In my memory, after a brief decline, the North American stock market basically showed a steady upward posture until 2000. Therefore, the crash at the end of October 1987 can be said to be Simon's last chance for bargaining.

Due to a very detailed plan in advance, all of the $400 million that Simon invested in two days was turned into stocks. After the market closed yesterday, Simon once again withdrew 200 million US dollars from the futures account for today's buying operation. He will continue to invest money to continue buying.

Even if it will not be held for more than ten years, after the crash, the North American stock market will rebound rapidly. In the next few months, this batch of stocks will still generate very considerable profits.

The turbulent day soon ended.

The next day was October 23, Friday, the day when "Reaper Is Coming" was released.

The S&P 500 index closed at 237 points on Thursday. After the market opened on Friday, there was no bad news from the market, and the S&P 500 index rebounded above 250 points. The short position liquidation was completed on Thursday, and Simon also liquidated all the long contracts he bought hastily in the previous days.

then.

It is finally time for the final harvest of statistics.

A trembling moment.

From October 19 to October 23, in five days, Westeros sold 26,700 short contracts established at a high of around 290 points between 200 and 220 points, with a cumulative profit of 1.068 billion US dollars. At the same time, during the same three-day trough period, Simon established 8,000 long contracts between 200 and 220 points, all of which were closed above 250, making another $165 million in profit.

Counting the original principal of US$387 million in Westeros’s account and the five-month period of stock index futures operations, Simon’s initial US$75 million has soared to US$1.62 billion at this time.

After detailed statistics of the final financial data, both Simon and Janet were dumbfounded for several minutes.

In Simon's memory, there is indeed a rumor that 7 million has been hyped into 2 billion in the futures market. But at this time, seeing that the funds in his hand had suddenly increased by more than twenty times in just five months, he still felt a little unbelievable.

Janet's reaction was even more direct. After a long period of daze, the woman leaned over, curiously squeezed Simon's body, and said: "Little bastard, I regret it."