Rebirth of the Financial Crisis Sweeping the World

Chapter 473 473 Capsized in the sewer

Wang Guanxi said: No need to buy it for now, it's enough.

The Dow Jones Index currently stands at 7,900, and the market will close in less than 10 minutes. Then Wang Guanxi said: After the market closes, good news for the stock market will be released.

Yes, BOSS. Wu Zhanhai looked at the trend chart of the Dow Jones Index and said excitedly: BOSS, the Dow Jones Index will definitely not fall. It will definitely break through the 8,000 position tomorrow.

Wu Hongsheng also said: Yes, the short power of the Dow Jones Index has been almost exhausted by us. Tomorrow is the time for the bulls to counterattack.

Li Guangyu asked: I wonder who was short selling just now?

Wang Guanxi thought for a while and said: It should be Soros, Feld, Milus Messi, or Wells, the new boss of American Bank of America!

Lu Jianyan said: Wells, the boss of American Commercial Bank, heard that he made a lot of money from Freddie Mac, Lehman Brothers, and Washington Mutual Bank. This time he also made a lot of money from the Dow Jones Index. It is estimated that he is very inflated now and wants to increase his position and go short!

Guan Zhenyi also echoed: This Wells is indeed inflated. He actually dared to increase his short position when the Dow Jones index fell so low. I have to admire his courage!

Lin Jiyang said: If we defeat him this time, the owner of American Commercial Bank may be replaced by us.

Wang Guanxi said with a smile: I defeated Evan Cardinal this time, now it's Wells' turn.

Stephen Stano, CEO of Huntington Bank, also said: BOSS, Bank of America is in Buffalo, New York. If we can swallow Bank of America, we can expand our banking system to the eastern region.

Alan Fishman, CEO of Fifth Third Bank, also echoed: Made Bank has a history of nearly 150 years, and its main business is in the eastern United States. If we take it, it will make up for our shortcomings in our business in the eastern United States.

The main business of Huntington Bank and Fifth Third Bank is in the central United States, and they basically have no business in the eastern states.

Huntington is a regional bank with more than 600 branches, including 376 branches in Ohio, 123 branches in Michigan, 58 branches in Pennsylvania, 51 branches in Indiana, and 12 branches in West Virginia. 31 branches and 13 branch offices in Kentucky

Fifth Third Bank operates 15 subsidiaries and 1,316 full-service banking centers, including 104 banking business center locations open seven days a week in select grocery stores and throughout the Midwest and Southeast of the United States. There are 2,425 ATMs in 12 states in the region and 12 states distributed throughout the Midwest and Southeast regions of the United States.

There is basically no business in the eastern states of the United States.

Wang Guanxi nodded: That's true.

The acquisition of Maker Bank is also a strategic necessity for our banking system.

Wang Guanxi currently owns Huntington Bank, Fifth Third Bank, Silicon Valley Bank, East West Bank, and Bank of Hawaii.

Huntington Bank and Fifth Third Bank mainly operate in the central United States.

Silicon Valley Bank and East West Bank's main business is in the western United States.

Bank of Hawaii's business is in the state of Hawaii and Guam.

Wang Guanxi's banking system has little business in the eastern states of the United States.

Thinking of this, he continued: After defeating Wells this time, we will acquire the American Manufacturer Bank!

Yes, BOSS!

At this time, the Dow Jones Index actually began to plummet.

It plummeted 100 points in 5 minutes, from 7900 to 7800, and then closed.

Everyone's expressions changed.

Unexpectedly, the Dow Jones index plummeted 100 points in the last 5 minutes of closing.

BOSS, this, this, this is not good for us. Wu Zhanhai looked at the board nervously.

Wang Guanxi's face looked a little solemn.

This time, Fund No. 1 made a total of 500,000 long positions in the Dow Jones Index. The position was near 7900. A one-point fluctuation was a profit or loss of US$5 million.

But now there is a floating loss of US$500 million on the book, and there is still US$300 million of available funds in the account. If the Dow Jones index drops another 60 points at the opening tomorrow, Fund No. 1 will be liquidated.

The Dow Jones Index is really weak!

Wu Hongsheng asked: BOSS, do we need to add additional funds?

This time I went long 500,000 lots of the Dow Jones Index, spending $5 billion in margin, which was a very heavy position. Everyone thought that the short-selling power on the Dow Jones Index had been exhausted!

Unexpectedly, 5 minutes before the market closed, the Dow Jones Index plummeted by 100 points. If it plummeted by 160 points, Fund No. 1 would be liquidated.

Li Guangyu also said: If the Dow Jones Index drops another 60 points tomorrow, we will be liquidated.

Wang Guanxi said: Immediately prepare funds, mortgage Citibank's stocks, lend to Wells Fargo, and then loan 1 billion US dollars.

The current situation is very unfavorable to Wang Guanxi. If the Dow Jones Index falls to 7740, the trading account of Fund No. 1 will be liquidated.

If all the 500,000 long orders were forcibly closed, it would be terrible.

You must know that if 500,000 long orders are liquidated, it is equivalent to 500,000 short positions in the market!

It is conceivable that the Jones Index will fall by more than 300 points.

At that time, it is possible that Wang Guanxi’s No. 1 Fund will lose nearly $1 billion more.

Wang Guanxi, who was originally full of confidence, is now a little flustered. He doesn't want to lose more than 1 billion US dollars in vain.

Don't let the boat capsize in the gutter, Wang Guanxi said: Let's get loans from Morgan Bank and Wells Fargo Bank at the same time. Call us immediately and ask the two banks to prepare funds.

Yes, BOSS! Stephen Stano and Alan Fishman rushed to do it.

At this time, Lu Jianyan saw a piece of news and said, BOSS, good news.

Wang Guanxi asked: What's the good news?

Lu Jianyan: “The U.S. Department of Commerce has just released an economic data report.”

When Wang Guanxi saw it, he immediately felt happy.

The U.S. Department of Commerce also reported that U.S. retail sales increased by 0.6% month-on-month in June, exceeding market expectations and marking the largest increase in five months.

The report showed that auto sales grew strongly in June, offsetting declining sales in many industries.

Excluding automobile sales, U.S. retail sales revenue in June increased by 0.3% month-on-month.

Goldman Sachs' second-quarter profit was far better than analysts expected due to a surge in trading and underwriting profits. Johnson \u0026 Johnson's profit fell 3.5% in the last quarter, but this performance also exceeded market expectations. Johnson \u0026 Johnson rose 51 cents to close at $58.23.

The U.S. Department of Labor reported that the producer price index (PPI) rose 1.8% month-on-month in June, exceeding market expectations.

Goldman Sachs' performance also exceeded expectations.

These are good news for the economy and the stock market.