Chapter 120: 120
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The roller coaster turmoil lasted for more than half a month. On September 23, when the S & P 500 index fell below 310, Noah Scott finally received Simon's order to close his position again. During the three days from September 23 to September 25, the 6000 short contracts held by Westeros were cleared at an average of 307 points, and Simon made another profit of $76.26 million.
In addition, a month after the next release of "Lola Run," Orion pictures paid a total of $32.51 million of the box office share due to Westeros under the contract without delay due to the close cooperation between the two sides.
So, excluding the loan that is no longer ready to be used, Simon had $387.33 million before the latest layout.
When Noah Scott and others are still wondering about Simon's conservative operation intention in September, the liquidation ended. After a few days of silence, on September 30, Simon suddenly transferred all the funds of Westeros in the account of Lehman Brothers. Noah Scott finally realized that whether Simon found the intention of Lehman Brothers to follow suit or not, the other party had a strong influence on them be vigilant.
After all, Wall Street is not big. What's more, the stock index futures market is still using the trading mode of on-site manual bidding. The trading volume of stock index futures on the Chicago Mercantile Exchange is very obvious.
Therefore, after a little observation, Noah Scott basically determined that Simon had spread the funds to several other brokers, and began to establish a large short position again.
However, Simon's "Miss" operation in September made Lehman Brothers doubt whether to follow up. Moreover, the quantum fund, another big client of Lehman Brothers, almost started to establish a long contract with Simon at the same time in early October, which is completely opposite to westero's contract. This made Noah Scott and others more hesitant.
Although not as popular as later, George Soros's Quantum Fund has been established for more than ten years, with an average annual return of more than 30%, which still makes him famous on Wall Street.
On the one hand, there are outstanding hedge fund tycoons, on the other hand, there are Hollywood newcomers.
The operation of two people is completely opposite.
After several hesitations, James Robinson, who made the decision behind the scenes, failed to make up his mind after all. He just told Noah Scott to wait and see.
500 million dollars in cash for any company in this era can not be underestimated, if Noah Scott's money into a loss, dark operation will be easier to expose. At that time, James Robinson's position as CEO of express will not be able to continue.
Lehman Brothers is in wait-and-see, but time will not stop.
In the last fight, Simon let go.
Since October 1, several futures brokers that Simon secretly reconfirmed have started to build positions at the rate of 2000 contracts per day. At the same time, the North American stock market began to accelerate its downward trend after entering October, and the S & P 500 index fell to a low of nearly 280 points again in just two weeks.
……
Los Angeles.
When Harry meets Sally was officially launched in New York on September 14.
Simon completed the shooting of vulgar novel, neither immediately into the late stage of the film, nor rush to New York, because the final cut of "death is coming" was also completed in late September, and the film is only one month away from its release on October 23.
Under the supervision of Amy Pascal, Simon doesn't worry that fox will not do his best in the publicity of "death is coming". However, in order to accumulate some experience in the film distribution of Denise pictures, he is personally involved in these works.
Taking into account a lot of work, time inevitably flies.
These days, Paramount Pictures, a drama thriller starring Michael Douglas, "fatal temptation," has sold out unexpectedly at the box office.
Although it was left behind in the end of September, which is also an unpopular event at the cemetery level, the box office of the film was close to 50 million US dollars in just four weeks, and it became another North American film with the box office expected to exceed 100 million US dollars in 1987 after "Lola Run", "Butterfly Effect" and "detective Beverly 2".
"Fatal temptation" box office success, but let Simon think of Michael Douglas another more famous film, "instinct.".
After several successful internal auditions of "here comes death", Fox began to urge Simon to finish the last script in the original contract as soon as possible. Influenced by fatal temptation, Simon has written out the outline of instinct in recent days.
In the twinkling of an eye, it was Monday, October 19.
In palisade's mansion.
Just after four o'clock in the morning, Simon woke up without any sleepiness at all.
After getting up, he went directly to the study next to the master bedroom and leaned in the wide leather chair. Instead of picking up the phone in a hurry, Simon looked through the recent trading reports of several futures brokers and the stock market reports of these days.During the 12 trading days from October 1 to October 16, westero established a total of 26700 short contracts between 300 and 280 points of the S & P 500 index, and the positions of all accounts reached an astonishing 100%.
With all the $387.33 million in capital, even with absolute confidence in his heart, Simon will inevitably feel uneasy when it comes to the end.
Fortunately.
Some things in my memory happened on time.
Just yesterday, U.S. Treasury Secretary Beck said on TV that if the Federal Republic of Germany does not lower interest rates, the United States will continue to consider letting the dollar fall. The obvious truth is that a certain kind of goods will definitely be reduced in price, and the holder will sell it subconsciously. If the dollar continues to depreciate, it will naturally lead to the escape of capital.
On the previous Friday, the North American stock market had already appeared signs of collapse. On October 16, the Dow Jones index had dropped from 2700 points, the highest in August, to 2200 points. The worsening trade deficit and financial deficit in the third quarter of the United States had already made the North American stock market look precarious.
Beck's completely untimely speech on TV is like the last straw on a camel.
Simon believes that a lot of things will never happen for nothing. Therefore, Beck's speech on the TV program yesterday and the media's hype naturally reminded Simon of the level of conspiracy theory.
Of course, these things have nothing to do with him.
Even if the U.S. economy returns to the great depression, he won't feel much.
The opening time of the New York Stock Exchange is 9:30, while the opening time of the Chicago Mercantile Exchange is 8:30 central time, which is actually synchronized with the New York Stock Exchange.
As for Los Angeles, Simon just has to wait until 6:30.
However, just after six o'clock, Simon's three telephones installed in his study these days rang one after another.
Although the trading time is half an hour, in fact, floor trading in New York and Chicago trading halls often starts before the market opens.
Before putting forward the funds from Lehman Brothers, Simon had secretly opened stock index futures accounts in Goldman Sachs, Morgan Stanley and First Boston.
Simon, in fact, still knows nothing about the secret follow-up of Lehman Brothers, but he also believes that the other party must have been aware of his actions during this period of time. But at this point, Simon didn't care too much.
If Lehman follows suit, it will add some resistance to westero's closing positions in the next few days at most. However, Simon does not believe that Lehman Brothers will easily expose its previous trading records to other investment banks, prompting several companies such as Goldman Sachs to follow suit. The competition on Wall Street is very fierce. Once Lehman Brothers does this, Goldman's competitors will never mind dragging the fisherman into the water while eating the "bait" left by Lehman Brothers.
Traders from Goldman Sachs, Morgan Stanley and First Boston successively told Simon over the phone that there had been a large number of long buying in the Chicago Mercantile Exchange more than 20 minutes before the opening, with the lowest price even reaching 253 points, down 28 points or nearly 10% compared with 281 points at the end of last Friday.
Simon's first trading, full wait for a month and a half, the S & P 500 index rose from 270 points to 290 points.
Now, just after a weekend, and just before the opening, the quotation points of the S & P 500 index have dropped by 28 points. Even thousands of miles away, Simon can imagine what kind of dark clouds will be in the halls of the New York Stock Exchange and the Chicago Mercantile Exchange.
Janet didn't know when she came in, still in her suspenders and barefoot. However, this time the woman was not the lazy kitten she used to look like. Her eyes were shining, and she did not go to Simon's arms any more. She quietly pulled a chair and sat across the desk, listening to Simon's incessant phone calls with Chicago.
Although the offer has dropped 28 points, more than any previous round of operation, Simon still very decisively rejected the trader's closing proposal.
After three calls in a row, Simon put down the phone. Janet flashed her eyes. Her expression was obviously uncertain and asked, "how much is it?"
"It's down to 253."
Simon said, picking up the remote control and turning on the TV, which had just been installed in his study in recent days, the chaos in the New York Stock Exchange and the host's almost trill commentary appeared directly on the screen.
Through the host's words, starting from 9 a.m. Eastern time, the New York Stock Exchange has also accumulated a large number of stock selling in just ten minutes.
After listening to the report on the TV screen quietly for a while, Janet turned to look at Simon. Her expression was obviously a little excited for fear that the world would not be in chaos. The thief whispered: "Oh, honey, how much do you think it will fall?"
Simon looked at Janet and wanted to pinch her nose, but he just shook his head and said, "it's such a mess. How can I know?"Janet's eyes flashed, her mouth turned, but she stopped asking.
Although it is clear that Janet must be aware of something, but in any case, Simon can never admit it positively. It's not that he doesn't trust Janet enough. It's that his experience is so incredible that Simon can't cope with the consequences of certain things.
On the TV screen, in the chaotic picture of continuous switching between major exchanges, the last ten minutes passed quickly.
Los Angeles Time 6:30, the New York Stock Exchange and the Chicago Mercantile Exchange opened at the same time.
On the New York side, the Dow fell 67 points as soon as it opened, and then began to take a sharp turn.
The situation on the Chicago Mercantile Exchange is even more alarming.
After the opening, the S & P 500 index jumped to a low opening, plummeting to 198 points from 281 points at the end of last week, a terrible 29% decline.
The average number of short contracts held by Westeros is about 290.
According to the lowest value of 198 points in the S & P 500 index, each short contract Simon holds has generated a profit of US $45000, which is more than 300% compared with the average margin of US $14500.
Of course, Simon does not expect to be able to close the position at 198.
At this time, the stock index futures market did not adopt the daily non debt settlement system. As long as enough margin can be added before trading tomorrow, most of the wrong long contracts will not be forced to close out. Therefore, only those who have no chips will choose to leave the market. The number of short contracts closed out today is far lower than usual Yes.
Therefore, Simon just locked the liquidation interval between 200 and 210.
Even if it is calculated according to 210 points, the single profit of the short contract held by Westeros can still reach $40000, which is enough.
October 19, 1987 was undoubtedly a long day for many people.
Simon in the process of non-stop phone calls, but feel the end of the day fast.
It was just after noon in Los Angeles when the Chicago Mercantile Exchange officially closed.
According to statistics, there are more than 26000 short contracts in westero's account. In one day's trading day, more than 8000 contracts have been eliminated, and 18000 contracts remain in the account waiting to be processed.
In the last phone conversation, Morgan Stanley's sign language was obviously filled with regret, which implied that Simon was too greedy. If Simon could set the closing limit higher, maybe westero could close more than half of its positions today.
Now, once the federal government steps in to rescue the market, maybe only tomorrow, the S & P 500 index may rebound again, and Simon will completely miss such an opportunity to make more profits.
However, Simon is not too concerned about the trader's advice.
If the memory doesn't go wrong, he has at least two days left.
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The roller coaster turmoil lasted for more than half a month. On September 23, when the S & P 500 index fell below 310, Noah Scott finally received Simon's order to close his position again. During the three days from September 23 to September 25, the 6000 short contracts held by Westeros were cleared at an average of 307 points, and Simon made another profit of $76.26 million.
In addition, a month after the next release of "Lola Run," Orion pictures paid a total of $32.51 million of the box office share due to Westeros under the contract without delay due to the close cooperation between the two sides.
So, excluding the loan that is no longer ready to be used, Simon had $387.33 million before the latest layout.
When Noah Scott and others are still wondering about Simon's conservative operation intention in September, the liquidation ended. After a few days of silence, on September 30, Simon suddenly transferred all the funds of Westeros in the account of Lehman Brothers. Noah Scott finally realized that whether Simon found the intention of Lehman Brothers to follow suit or not, the other party had a strong influence on them be vigilant.
After all, Wall Street is not big. What's more, the stock index futures market is still using the trading mode of on-site manual bidding. The trading volume of stock index futures on the Chicago Mercantile Exchange is very obvious.
Therefore, after a little observation, Noah Scott basically determined that Simon had spread the funds to several other brokers, and began to establish a large short position again.
However, Simon's "Miss" operation in September made Lehman Brothers doubt whether to follow up. Moreover, the quantum fund, another big client of Lehman Brothers, almost started to establish a long contract with Simon at the same time in early October, which is completely opposite to westero's contract. This made Noah Scott and others more hesitant.
Although not as popular as later, George Soros's Quantum Fund has been established for more than ten years, with an average annual return of more than 30%, which still makes him famous on Wall Street.
On the one hand, there are outstanding hedge fund tycoons, on the other hand, there are Hollywood newcomers.
The operation of two people is completely opposite.
After several hesitations, James Robinson, who made the decision behind the scenes, failed to make up his mind after all. He just told Noah Scott to wait and see.
500 million dollars in cash for any company in this era can not be underestimated, if Noah Scott's money into a loss, dark operation will be easier to expose. At that time, James Robinson's position as CEO of express will not be able to continue.
Lehman Brothers is in wait-and-see, but time will not stop.
In the last fight, Simon let go.
Since October 1, several futures brokers that Simon secretly reconfirmed have started to build positions at the rate of 2000 contracts per day. At the same time, the North American stock market began to accelerate its downward trend after entering October, and the S & P 500 index fell to a low of nearly 280 points again in just two weeks.
……
Los Angeles.
When Harry meets Sally was officially launched in New York on September 14.
Simon completed the shooting of vulgar novel, neither immediately into the late stage of the film, nor rush to New York, because the final cut of "death is coming" was also completed in late September, and the film is only one month away from its release on October 23.
Under the supervision of Amy Pascal, Simon doesn't worry that fox will not do his best in the publicity of "death is coming". However, in order to accumulate some experience in the film distribution of Denise pictures, he is personally involved in these works.
Taking into account a lot of work, time inevitably flies.
These days, Paramount Pictures, a drama thriller starring Michael Douglas, "fatal temptation," has sold out unexpectedly at the box office.
Although it was left behind in the end of September, which is also an unpopular event at the cemetery level, the box office of the film was close to 50 million US dollars in just four weeks, and it became another North American film with the box office expected to exceed 100 million US dollars in 1987 after "Lola Run", "Butterfly Effect" and "detective Beverly 2".
"Fatal temptation" box office success, but let Simon think of Michael Douglas another more famous film, "instinct.".
After several successful internal auditions of "here comes death", Fox began to urge Simon to finish the last script in the original contract as soon as possible. Influenced by fatal temptation, Simon has written out the outline of instinct in recent days.
In the twinkling of an eye, it was Monday, October 19.
In palisade's mansion.
Just after four o'clock in the morning, Simon woke up without any sleepiness at all.
After getting up, he went directly to the study next to the master bedroom and leaned in the wide leather chair. Instead of picking up the phone in a hurry, Simon looked through the recent trading reports of several futures brokers and the stock market reports of these days.During the 12 trading days from October 1 to October 16, westero established a total of 26700 short contracts between 300 and 280 points of the S & P 500 index, and the positions of all accounts reached an astonishing 100%.
With all the $387.33 million in capital, even with absolute confidence in his heart, Simon will inevitably feel uneasy when it comes to the end.
Fortunately.
Some things in my memory happened on time.
Just yesterday, U.S. Treasury Secretary Beck said on TV that if the Federal Republic of Germany does not lower interest rates, the United States will continue to consider letting the dollar fall. The obvious truth is that a certain kind of goods will definitely be reduced in price, and the holder will sell it subconsciously. If the dollar continues to depreciate, it will naturally lead to the escape of capital.
On the previous Friday, the North American stock market had already appeared signs of collapse. On October 16, the Dow Jones index had dropped from 2700 points, the highest in August, to 2200 points. The worsening trade deficit and financial deficit in the third quarter of the United States had already made the North American stock market look precarious.
Beck's completely untimely speech on TV is like the last straw on a camel.
Simon believes that a lot of things will never happen for nothing. Therefore, Beck's speech on the TV program yesterday and the media's hype naturally reminded Simon of the level of conspiracy theory.
Of course, these things have nothing to do with him.
Even if the U.S. economy returns to the great depression, he won't feel much.
The opening time of the New York Stock Exchange is 9:30, while the opening time of the Chicago Mercantile Exchange is 8:30 central time, which is actually synchronized with the New York Stock Exchange.
As for Los Angeles, Simon just has to wait until 6:30.
However, just after six o'clock, Simon's three telephones installed in his study these days rang one after another.
Although the trading time is half an hour, in fact, floor trading in New York and Chicago trading halls often starts before the market opens.
Before putting forward the funds from Lehman Brothers, Simon had secretly opened stock index futures accounts in Goldman Sachs, Morgan Stanley and First Boston.
Simon, in fact, still knows nothing about the secret follow-up of Lehman Brothers, but he also believes that the other party must have been aware of his actions during this period of time. But at this point, Simon didn't care too much.
If Lehman follows suit, it will add some resistance to westero's closing positions in the next few days at most. However, Simon does not believe that Lehman Brothers will easily expose its previous trading records to other investment banks, prompting several companies such as Goldman Sachs to follow suit. The competition on Wall Street is very fierce. Once Lehman Brothers does this, Goldman's competitors will never mind dragging the fisherman into the water while eating the "bait" left by Lehman Brothers.
Traders from Goldman Sachs, Morgan Stanley and First Boston successively told Simon over the phone that there had been a large number of long buying in the Chicago Mercantile Exchange more than 20 minutes before the opening, with the lowest price even reaching 253 points, down 28 points or nearly 10% compared with 281 points at the end of last Friday.
Simon's first trading, full wait for a month and a half, the S & P 500 index rose from 270 points to 290 points.
Now, just after a weekend, and just before the opening, the quotation points of the S & P 500 index have dropped by 28 points. Even thousands of miles away, Simon can imagine what kind of dark clouds will be in the halls of the New York Stock Exchange and the Chicago Mercantile Exchange.
Janet didn't know when she came in, still in her suspenders and barefoot. However, this time the woman was not the lazy kitten she used to look like. Her eyes were shining, and she did not go to Simon's arms any more. She quietly pulled a chair and sat across the desk, listening to Simon's incessant phone calls with Chicago.
Although the offer has dropped 28 points, more than any previous round of operation, Simon still very decisively rejected the trader's closing proposal.
After three calls in a row, Simon put down the phone. Janet flashed her eyes. Her expression was obviously uncertain and asked, "how much is it?"
"It's down to 253."
Simon said, picking up the remote control and turning on the TV, which had just been installed in his study in recent days, the chaos in the New York Stock Exchange and the host's almost trill commentary appeared directly on the screen.
Through the host's words, starting from 9 a.m. Eastern time, the New York Stock Exchange has also accumulated a large number of stock selling in just ten minutes.
After listening to the report on the TV screen quietly for a while, Janet turned to look at Simon. Her expression was obviously a little excited for fear that the world would not be in chaos. The thief whispered: "Oh, honey, how much do you think it will fall?"
Simon looked at Janet and wanted to pinch her nose, but he just shook his head and said, "it's such a mess. How can I know?"Janet's eyes flashed, her mouth turned, but she stopped asking.
Although it is clear that Janet must be aware of something, but in any case, Simon can never admit it positively. It's not that he doesn't trust Janet enough. It's that his experience is so incredible that Simon can't cope with the consequences of certain things.
On the TV screen, in the chaotic picture of continuous switching between major exchanges, the last ten minutes passed quickly.
Los Angeles Time 6:30, the New York Stock Exchange and the Chicago Mercantile Exchange opened at the same time.
On the New York side, the Dow fell 67 points as soon as it opened, and then began to take a sharp turn.
The situation on the Chicago Mercantile Exchange is even more alarming.
After the opening, the S & P 500 index jumped to a low opening, plummeting to 198 points from 281 points at the end of last week, a terrible 29% decline.
The average number of short contracts held by Westeros is about 290.
According to the lowest value of 198 points in the S & P 500 index, each short contract Simon holds has generated a profit of US $45000, which is more than 300% compared with the average margin of US $14500.
Of course, Simon does not expect to be able to close the position at 198.
At this time, the stock index futures market did not adopt the daily non debt settlement system. As long as enough margin can be added before trading tomorrow, most of the wrong long contracts will not be forced to close out. Therefore, only those who have no chips will choose to leave the market. The number of short contracts closed out today is far lower than usual Yes.
Therefore, Simon just locked the liquidation interval between 200 and 210.
Even if it is calculated according to 210 points, the single profit of the short contract held by Westeros can still reach $40000, which is enough.
October 19, 1987 was undoubtedly a long day for many people.
Simon in the process of non-stop phone calls, but feel the end of the day fast.
It was just after noon in Los Angeles when the Chicago Mercantile Exchange officially closed.
According to statistics, there are more than 26000 short contracts in westero's account. In one day's trading day, more than 8000 contracts have been eliminated, and 18000 contracts remain in the account waiting to be processed.
In the last phone conversation, Morgan Stanley's sign language was obviously filled with regret, which implied that Simon was too greedy. If Simon could set the closing limit higher, maybe westero could close more than half of its positions today.
Now, once the federal government steps in to rescue the market, maybe only tomorrow, the S & P 500 index may rebound again, and Simon will completely miss such an opportunity to make more profits.
However, Simon is not too concerned about the trader's advice.
If the memory doesn't go wrong, he has at least two days left.
The roller coaster turmoil lasted for more than half a month. On September 23, when the S & P 500 index fell below 310, Noah Scott finally received Simon's order to close his position again. During the three days from September 23 to September 25, the 6000 short contracts held by Westeros were cleared at an average of 307 points, and Simon made another profit of $76.26 million. In addition, a month after the next release of "Lola Run," Orion pictures paid a total of $32.51 million of the box office share due to Westeros under the contract without delay due to the close cooperation between the two sides. So, excluding the loan that is no longer ready to be used, Simon had $387.33 million before the latest layout. When Noah Scott and others are still wondering about Simon's conservative operation intention in September, the liquidation ended. After a few days of silence, on September 30, Simon suddenly transferred all the funds of Westeros in the account of Lehman Brothers. Noah Scott finally realized that whether Simon found the intention of Lehman Brothers to follow suit or not, the other party had a strong influence on them be vigilant. After all, Wall Street is not big. What's more, the stock index futures market is still using the trading mode of on-site manual bidding. The trading volume of stock index futures on the Chicago Mercantile Exchange is very obvious. Therefore, after a little observation, Noah Scott basically determined that Simon had spread the funds to several other brokers, and began to establish a large short position again. However, Simon's "Miss" operation in September made Lehman Brothers doubt whether to follow up. Moreover, the quantum fund, another big client of Lehman Brothers, almost started to establish a long contract with Simon at the same time in early October, which is completely opposite to westero's contract. This made Noah Scott and others more hesitant. Although not as popular as later, George Soros's Quantum Fund has been established for more than ten years, with an average annual return of more than 30%, which still makes him famous on Wall Street. On the one hand, there are outstanding hedge fund tycoons, on the other hand, there are Hollywood newcomers. The operation of two people is completely opposite. After several hesitations, James Robinson, who made the decision behind the scenes, failed to make up his mind after all. He just told Noah Scott to wait and see. 500 million dollars in cash for any company in this era can not be underestimated, if Noah Scott's money into a loss, dark operation will be easier to expose. At that time, James Robinson's position as CEO of express will not be able to continue. Lehman Brothers is in wait-and-see, but time will not stop. In the last fight, Simon let go. Since October 1, several futures brokers that Simon secretly reconfirmed have started to build positions at the rate of 2000 contracts per day. At the same time, the North American stock market began to accelerate its downward trend after entering October, and the S & P 500 index fell to a low of nearly 280 points again in just two weeks. Los Angeles. When Harry meets Sally was officially launched in New York on September 14. Simon completed the shooting of vulgar novel, neither immediately into the late stage of the film, nor rush to New York, because the final cut of "death is coming" was also completed in late September, and the film is only one month away from its release on October 23. Under the supervision of Amy Pascal, Simon doesn't worry that fox will not do his best in the publicity of "death is coming". However, in order to accumulate some experience in the film distribution of Denise pictures, he is personally involved in these works. Taking into account a lot of work, time inevitably flies. These days, Paramount Pictures, a drama thriller starring Michael Douglas, "fatal temptation," has sold out unexpectedly at the box office. Although it was left behind in the end of September, which is also an unpopular event at the cemetery level, the box office of the film was close to 50 million US dollars in just four weeks, and it became another North American film with the box office expected to exceed 100 million US dollars in 1987 after "Lola Run", "Butterfly Effect" and "detective Beverly 2". "Fatal temptation" box office success, but let Simon think of Michael Douglas another more famous film, "instinct.". After several successful internal auditions of "here comes death", Fox began to urge Simon to finish the last script in the original contract as soon as possible. Influenced by fatal temptation, Simon has written out the outline of instinct in recent days. In the twinkling of an eye, it was Monday, October 19. In palisade's mansion. Just after four o'clock in the morning, Simon woke up without any sleepiness at all. After getting up, he went directly to the study next to the master bedroom and leaned in the wide leather chair. Instead of picking up the phone in a hurry, Simon looked through the recent trading reports of several futures brokers and the stock market reports of these days.During the 12 trading days from October 1 to October 16, westero established a total of 26700 short contracts between 300 and 280 points of the S & P 500 index, and the positions of all accounts reached an astonishing 100%. With all the $387.33 million in capital, even with absolute confidence in his heart, Simon will inevitably feel uneasy when it comes to the end. Fortunately. Some things in my memory happened on time. Just yesterday, U.S. Treasury Secretary Beck said on TV that if the Federal Republic of Germany does not lower interest rates, the United States will continue to consider letting the dollar fall. The obvious truth is that a certain kind of goods will definitely be reduced in price, and the holder will sell it subconsciously. If the dollar continues to depreciate, it will naturally lead to the escape of capital. On the previous Friday, the North American stock market had already appeared signs of collapse. On October 16, the Dow Jones index had dropped from 2700 points, the highest in August, to 2200 points. The worsening trade deficit and financial deficit in the third quarter of the United States had already made the North American stock market look precarious. Beck's completely untimely speech on TV is like the last straw on a camel. Simon believes that a lot of things will never happen for nothing. Therefore, Beck's speech on the TV program yesterday and the media's hype naturally reminded Simon of the level of conspiracy theory. Of course, these things have nothing to do with him. Even if the U.S. economy returns to the great depression, he won't feel much. The opening time of the New York Stock Exchange is 9:30, while the opening time of the Chicago Mercantile Exchange is 8:30 central time, which is actually synchronized with the New York Stock Exchange. As for Los Angeles, Simon just has to wait until 6:30. However, just after six o'clock, Simon's three telephones installed in his study these days rang one after another. Although the trading time is half an hour, in fact, floor trading in New York and Chicago trading halls often starts before the market opens. Before putting forward the funds from Lehman Brothers, Simon had secretly opened stock index futures accounts in Goldman Sachs, Morgan Stanley and First Boston. Simon, in fact, still knows nothing about the secret follow-up of Lehman Brothers, but he also believes that the other party must have been aware of his actions during this period of time. But at this point, Simon didn't care too much. If Lehman follows suit, it will add some resistance to westero's closing positions in the next few days at most. However, Simon does not believe that Lehman Brothers will easily expose its previous trading records to other investment banks, prompting several companies such as Goldman Sachs to follow suit. The competition on Wall Street is very fierce. Once Lehman Brothers does this, Goldman's competitors will never mind dragging the fisherman into the water while eating the "bait" left by Lehman Brothers. Traders from Goldman Sachs, Morgan Stanley and First Boston successively told Simon over the phone that there had been a large number of long buying in the Chicago Mercantile Exchange more than 20 minutes before the opening, with the lowest price even reaching 253 points, down 28 points or nearly 10% compared with 281 points at the end of last Friday. Simon's first trading, full wait for a month and a half, the S & P 500 index rose from 270 points to 290 points. Now, just after a weekend, and just before the opening, the quotation points of the S & P 500 index have dropped by 28 points. Even thousands of miles away, Simon can imagine what kind of dark clouds will be in the halls of the New York Stock Exchange and the Chicago Mercantile Exchange. Janet didn't know when she came in, still in her suspenders and barefoot. However, this time the woman was not the lazy kitten she used to look like. Her eyes were shining, and she did not go to Simon's arms any more. She quietly pulled a chair and sat across the desk, listening to Simon's incessant phone calls with Chicago. Although the offer has dropped 28 points, more than any previous round of operation, Simon still very decisively rejected the trader's closing proposal. After three calls in a row, Simon put down the phone. Janet flashed her eyes. Her expression was obviously uncertain and asked, "how much is it?" "It's down to 253." Simon said, picking up the remote control and turning on the TV, which had just been installed in his study in recent days, the chaos in the New York Stock Exchange and the host's almost trill commentary appeared directly on the screen. Through the host's words, starting from 9 a.m. Eastern time, the New York Stock Exchange has also accumulated a large number of stock selling in just ten minutes. After listening to the report on the TV screen quietly for a while, Janet turned to look at Simon. Her expression was obviously a little excited for fear that the world would not be in chaos. The thief whispered: "Oh, honey, how much do you think it will fall?" Simon looked at Janet and wanted to pinch her nose, but he just shook his head and said, "it's such a mess. How can I know?"Janet's eyes flashed, her mouth turned, but she stopped asking. Although it is clear that Janet must be aware of something, but in any case, Simon can never admit it positively. It's not that he doesn't trust Janet enough. It's that his experience is so incredible that Simon can't cope with the consequences of certain things. On the TV screen, in the chaotic picture of continuous switching between major exchanges, the last ten minutes passed quickly. Los Angeles Time 6:30, the New York Stock Exchange and the Chicago Mercantile Exchange opened at the same time. On the New York side, the Dow fell 67 points as soon as it opened, and then began to take a sharp turn. The situation on the Chicago Mercantile Exchange is even more alarming. After the opening, the S & P 500 index jumped to a low opening, plummeting to 198 points from 281 points at the end of last week, a terrible 29% decline. The average number of short contracts held by Westeros is about 290. According to the lowest value of 198 points in the S & P 500 index, each short contract Simon holds has generated a profit of US $45000, which is more than 300% compared with the average margin of US $14500. Of course, Simon does not expect to be able to close the position at 198. At this time, the stock index futures market did not adopt the daily non debt settlement system. As long as enough margin can be added before trading tomorrow, most of the wrong long contracts will not be forced to close out. Therefore, only those who have no chips will choose to leave the market. The number of short contracts closed out today is far lower than usual Yes. Therefore, Simon just locked the liquidation interval between 200 and 210. Even if it is calculated according to 210 points, the single profit of the short contract held by Westeros can still reach $40000, which is enough. October 19, 1987 was undoubtedly a long day for many people. Simon in the process of non-stop phone calls, but feel the end of the day fast. It was just after noon in Los Angeles when the Chicago Mercantile Exchange officially closed. According to statistics, there are more than 26000 short contracts in westero's account. In one day's trading day, more than 8000 contracts have been eliminated, and 18000 contracts remain in the account waiting to be processed. In the last phone conversation, Morgan Stanley's sign language was obviously filled with regret, which implied that Simon was too greedy. If Simon could set the closing limit higher, maybe westero could close more than half of its positions today. Now, once the federal government steps in to rescue the market, maybe only tomorrow, the S & P 500 index may rebound again, and Simon will completely miss such an opportunity to make more profits. However, Simon is not too concerned about the trader's advice. If the memory doesn't go wrong, he has at least two days left.
