Volume 1: Island Nation Turbulence Chapter 9: Industrial Light Magic (7)
It's just as Mitsui Aiko and Takeda Shōei predicted, JR's investment managers are running around everywhere, borrowing from small island nation funds and large individual investors' stocks!
However, there is a very puzzling question: after these JR investment managers borrowed the stocks, they did not immediately assign traders to short sell them as they do on Wall Street.
So a very interesting situation emerged, as time went on, this small team of ten people holding stocks in their hands was like a snowball, rolling bigger and bigger.
A 10% margin, 700 million yen can move a stock market of up to 7 billion!
The managers of JR Investment are like hunting dogs under Jerry's command, constantly jumping around the island nation!
"Short selling? These Americans actually think they can do it, our island nation's economy is taking off, we have unbeatable P/E ratios, you know, even the island nation's telephone and telegraph company has a P/E ratio of 200 times, what about AT&T? 20 times! JR Investment's moves certainly didn't escape the eyes of the Ministry of Finance, Takeuchi Hiroshi couldn't help but laugh when he found out what these jumping up and down Americans were doing, not to mention those small and medium-sized funds that had their stocks borrowed!"
So, JR's hunt for short-sell stocks became much easier because after the news of a group of clueless Americans searching for short-sell stocks spread out, JR's operation room was almost bursting at the seams!
"Great! You've done an extremely good job! Gentlemen, have you ever heard a phrase?"
"What?"
"A dead man cannot hear a ghost's call!"
"How interesting! What an extremely interesting metaphor!"
JR burst out laughing, while in stark contrast, Haruka Aoyama, the poor thing, as time passed, she found that her heart rate was different every day, and now she still can't understand what Jerry is thinking!
As for Bob, Jerry means he can watch and learn but not say a word!
Nikkei index is still jumping up continuously!
JR is happily playing games in a game center on Ginza Island!
"Boss, you're actually cheating, there's no one like you!" John Paulson jumped up in anger.
Jerry was too lazy to care about him, "Next!"
Fred was excited to sit down and then, in less than two minutes, he was killed off and got up from his seat with a dejected look.
"Next!"
"No way, absolutely not! Can't let him get away with this! Moke, you go up, I'll help you grab the boss's hand!"
"Fredo, what are you doing? You're damned if you're committing a crime! Let go of your claws, my poor dragon!"
"Oh yeah...... finally got rid of the boss!"
John and Fred jumped up, then JR's people all hugged together!
That game is called Street Fighter!
On June 30, 1987, the first generation of Street Fighter was launched, with a brand new eight-directional operation mode, which made a breakthrough compared to the mainstream four-directional operation judgment of fighting games at that time. It also designed a unique pressure-sensitive button for the arcade machine, which can determine the damage value of the move based on the strength of the player's press. This is completely different from the six-button Street Fighter developed later. However, this was not a problem for Jerry at all!
A group of men, seeing a new style of fighting game, can't help themselves.
The JR people are clamoring for Jerry to look good.
The result of their shouting was that in the next hour, this group of people were beaten back and forth several times!
A wave punch plus a rising dragon fist is just such a simple combination.
Of course, when Jerry is happy, he will come up with a few sets of combination punches and whirlwind kicks, flipping over and changing hands!
"Bob, why don't you go and play with them?"
"I'm not interested in this!"
"Hey... buddy, I'm telling you, stop pretending, Miss Ya Mei has gone out to buy water!"
"You didn't say so earlier, pretending to be serious all day is a tiring job!"
"So, being a person, it's still better to be more carefree!"
"She doesn't like this kind of careless type at all!"
"So you're like this? Listen, being too serious is bad for you! Really!"
"Who knows! Maybe I'm destined to develop in this direction!"
"But you don't know that no matter how beautiful your clothes are, they can't cover up the ugliness in your heart!"
"Jerry, you don't have to hit me like that!"
"What I said is the truth! Alright, I just hope you can be yourself! As for her, the outside world is big enough! Just like you said, who knows what the future holds? Yes, nobody knows where you'll fly to and with whom!"
"Maybe you're right!"
"Alright, go in and play with them, it's good for you! Your brain needs to relax, just like theirs!"
On October 3, the Dow Jones index showed signs of decline.
US JR investment is still shorting!
As of October 9, the Dow Jones index fell by 158.78 points, a decline of 6%.
US JR investment is still shorting!
On October 14, the Dow Jones index fell by 95 points.
On October 16, the Dow Jones index fell by 108 points.
It was another week and the Dow Jones fell 9.49%.
At this time, JR Investment in the US has already completed all the short-selling work!
Apart from JR, those Americans are still indulging in the stock market's fantasy, with the index plummeting? Please, this is just a technical adjustment, so don't even think about telling me it's a crash! If you do, I'll shout at the top of my lungs that you're an idiot!
Robert Soros is now nervously waiting by the phone, he's waiting for a call!
On October 15th and 16th, Paulson's investment group, at Jerry's behest, engaged in a massive short-selling battle with major funds from the island nation on the Tokyo Stock Exchange! The result of the short-selling battle was that Paulson's investment group suffered a crushing defeat, and the Nikkei index was pulled up again!
October 16th, Dong
Half an hour before the closing of Kyoto Securities, Yuan Ya Mei stared at the continuously soaring Nikkei index, her face deathly pale as she closed her eyes, her expression extremely painful.
God, why won't he listen to me!
As losers, Paulson's working group already knew that this result would appear, but looking at the soaring Nikkei index, they were still pale!
The task, they only completed 70% of it!
In 2010, 33 years later, an expert pointed out that going short in the island nation in 1987 was doomed to fail!
On October 18, US Treasury Secretary Baker made a stunning statement on a national television program: if West Germany does not lower interest rates to stimulate economic expansion, the United States will consider letting the dollar continue to fall.
The time has arrived at October 19th, 1987, 7:30 in the morning!
The whole of Wall Street is shrouded in an unknown gloom!
"Hey... good morning, Bobby! What's wrong with you? You're frowning so early in the morning. Did Susie give you a hard time last night?" In John Fillin's eyes, his old friend was clearly troubled.
"Morning, John!" Bobby Sisko looked listless.
"Hey... buddy, what's going on?"
Bobby Sisso handed a thick stack of market condition reports to John Phelan, the chairman of the New York Stock Exchange, who flipped through them and turned pale!
Sell singles, sell singles, besides selling singles, still sell singles!
"This..."
"Yes, John, all sell orders, nearly 100 million shares of sell orders, submitted by computer program during after-hours trading!"
John Filin and Bobby Sisco seem to have aged several decades overnight!
"How could this be!"
"I don't know, John. Maybe it's because that son of a bitch Becker said something stupid. I've been doing this for years and I've never seen so many sell orders! What's wrong with the world? Doesn't anyone want to buy stocks anymore?"
9:30
"Then... then... then!"
The opening bell rang out in a hurried and muffled tone!
The Dow Jones index flashed on the fluorescent screen for a moment, then plummeted 67 points!
"My God! What's going on here?!"
The JR trader who had been waiting in the operating room saw this situation, and he was clearly stunned for a moment. He simply didn't know how to describe his current mood - shocked or excited!
And following the sharp decline came a deluge of sell orders, with shouts of "Sell!" rising and falling in waves.
"Pepsi sells 550,000 shares!"
"General Motors sells 600,000 shares!"
"Morgan sells 30,000 shares!"
"McDonald sells 1 million shares!"
In just one hour, the Dow Jones plummeted 104 points, with over 140 million shares traded, equivalent to a full day's trading volume under normal circumstances. The computers were so overwhelmed by the sheer number of orders that they slowed down by almost 20 minutes compared to real-time trades.
"Bobby, what did you say? What's IBM trading at now? $33? Damn it, down $10 in one hour! John Filin crushed out the cigarette butt in his hand and lit another one. "Get Merrill, Morgan, Rockefeller...Dunhampton on the phone! I want them all in my office by 10 o'clock! Now, call them right away!"
New York Securities Office!
"Gentlemen, the situation is extremely critical. If we continue to open the market, all stock prices will continue to fall, and proprietary traders can only buy in but cannot sell out. The result will be that we will soon have no circulating funds. If we suspend trading... if we suspend trading, everyone will lose confidence in the market, and the outcome will be unpredictable! Gentlemen, let's vote by show of hands. Those in favor of suspending trading, please raise your hands!"
None of the chairmen of the securities companies present raised their hands!
At 10:30, all stocks on the New York Stock Exchange opened for trading, with the Dow Jones index continuing to plummet by over 100 points.
"Oh no, God, what's happened!"
Enraged investors ran out of the New York Stock Exchange like madmen and jumped on top of cars, shouting hoarsely!
John Phil looked at the scene, trembling and grasping the railing, shouting loudly, "Wall Street, you are a symbol of the American economy, no matter what, you have to pretend to be holding on! You need to do this, you must do this!"
It seemed to have responded to John Phil's prayer as the Dow Jones index, which had fallen to around 2,000 at 10:45, rebounded and rose again to 2,100.
But the nightmare is far from over!
The foolish Chairman of the US Securities and Exchange Commission, David Luder, at 11 o'clock accepted Reuters reporter's question, and tactfully indicated that he did not rule out the possibility of a brief suspension to deal with order imbalance. When his words were transmitted through Reuters' radio waves into space and back to earth again, the tactful words turned into a "heavy bomb" which ruthlessly shattered people's fragile defense line.
Sell...
Sell...
Sell...
Sell...
"Oh God, don't do this to me..."
"Yes, I advised you before, but you didn't listen. I knew this day would come, I knew..."
"Give me back my money, give it back to me..."
"Someone jumped off the building...... Someone has jumped off the building......"
In the church next to the New York Stock Exchange, a preacher's voice came through the loudspeaker, "God has long predicted that the end of the world is near. You vampires, who specialize in harming ordinary people, God is warning you..."
The scene became extremely crazy!
After 1:30, institutional investors who bought stocks with pension funds, mutual aid funds and insurance funds also joined the selling ranks. Under this massive heavy artillery bombardment, the precarious Dow Jones index plummeted to 1900 points.
The crazy stock market was like a pot of boiling oil that had been poured into cold water, and the whole thing exploded!
On October 19, the Dow Jones index plummeted from the opening bell, losing 22.6% in one day, with national losses in stock values exceeding $500 billion.
Jerry, who was in a distant island country, received a call from Robert at night and calmly said two words, "Close position!"
