1928: The rise of giant merchants

On September 3, one hour before the New York Stock Exchange closed.

Even in the extremely noisy trading floor, the enthusiastic speculators shaking their bills can still hear the deafening sound of the riveting machine outside.

Although New York State's boom had begun to slow after 1926, and the boom in suburban development had slowed since 1927, the construction of apartment buildings and especially office buildings continued at full steam ahead.

The loudest sound of riveting machines is not in poor areas, but in large commercial centers and wealthy residential areas.

Because the main beneficiaries of this wave of U.S. stock market boom are the holders and manipulators of securities.

Looking past the crowds of people, Liu Xuenong, who was also standing in the trading hall, could see from the window sill of the stairs the steel beam network rising high on the street. It was foreseeable that it would soon become a luxurious building. Apartment building.

Where the sidewalks are sheltered by roofs and steam excavators gnaw away, are the foundations of a skyscraper that will house the offices of brokerage firms, trust investment companies, and sellers of mortgage bonds.

"I heard that the land was jointly acquired by the Second Young Master and John D. Rockefeller Jr." Liu Xuenong said with a smile to Huixin beside him, "It seems that the RKO company they founded together has also successfully taken root in Hollywood. It's true. The film company founded by the Second Young Master in the Republic of China will also open a branch?"

"Well, he said that this land is extremely valuable. Even though it is just a large open space in front of Chinatown now, it may become the commercial and financial center of New York State in the future!" Huixin smiled, her eyes full of expectation and trust, " But Rockefeller wanted to turn that building into an opera house, and he thought it would be very fashionable to have an opera house in the center.”

"I'm afraid we will lose a lot of money. As we all know, opera has long ceased to be popular. Listen, even the New York Stock Exchange has used radio broadcasts." Liu Xuenong looked at the big blackboards in the trading hall. All stocks were listed on It has risen, and just now, the Dow Jones Index has reached an astonishing height of 390 points.

Playing on New York Stock Exchange Radio is "Singin' in the Rain," which is currently competing with "Pagan Love Song" and "Wandering Lover" for the top spot on this week's pop charts.

Radio technology was not yet perfect, and people could not hear broadcasts that could reach the world, but crooners, led by Rudy Valli, were making their mark on the airwaves.

Although the price of radios is still high, and most people can only afford cheap crystal radios, at this time, more than 12 million households in the United States owned them.

Everything indicates that this is the most beautiful era.

"Sister Huixin, do you know how much money we made just now?" Liu Xuenong pushed up the glasses on the bridge of his nose with an excited expression. In suits and ties, he no longer looked like the young boy he was before. Instead, he was talking to Lou Lou. The speculators were similar to the enthusiasm and confidence, "One million U.S. dollars! At that moment, we made at least 1 million U.S. dollars!"

What he means by profit is the money that can be divided between two people after deducting all commissions and taxes.

Hongxing United Group is like a huge money tree, rooted in the soil of the New York Stock Exchange, surviving by absorbing the huge nutrients of US stocks.

Liu Xuenong did not understand Ye Luo's evacuation ideas, although he followed his final order.

But he also realized this morning.

I am the vice president of this group company!

No matter what it was.

Now, his time is coming.

Huixin was worried about Ye Luo's actions at the moment and had no time to pay attention to Liu Xuenong's expression and words.

She knew that the Second Young Master's people had come to short the stock not long ago.

It was also at that highest point that a large amount of loaned Hartree Company stock flowed into the market, and countless people rushed to buy it.

Even though she had full confidence in the second young master, looking at the countless cheering speculators below, she was a little unsure.

Anyway, she truthfully sold off all the stocks under the name of Hongxing United Group, retaining only the shares of those customers who did not want to leave.

However, after the second young master left, he took almost all the capital with him, and what was left was insignificant——

Of course, this is for the second young master.

For her and Liu Xuenong, just the few million dollars left at Red Star were astronomical figures.

She didn't know that Liu Xuenong had reorganized the penny stock department and secretly misappropriated millions of dollars to buy stocks.

And what a coincidence, he was targeting the large amount of Hartree Company shares that were suddenly released on the market!

This financing company from the UK has an outstanding identity and background, and it has become a mid-priced stock in just one week. Judging from the current momentum, it is a perfect reserve for high-priced stocks.

As for why some people were selling in large quantities at this time, Liu Xuenong also knew it.

I'm not optimistic about short selling.

Other high-priced stocks were also manipulated.

But there are too many short sellers, and their backgrounds are all ordinary. At first glance, they are fools who want to make a lot of money.

"Sister Huixin?" Liu Xuenong turned to look at Huixin aside, only to find that she was looking at the land outside the window, thinking about Ye Luo.

Plump figure, beautiful appearance, and a chest as heavy as a cantaloupe

More importantly, she has always been the second young master's woman.

Liu Xuenong, who became a millionaire by relying on the stock market, became more and more enthusiastic.

The words Ye Luo said to himself before leaving a few days ago gradually dissipated.

Let go?

Can't let go.

Definitely can't let it go.

"Why can't I be like him? I'm no worse than him."

When such thoughts begin to sprout, it's too late.

At this moment, the speculators downstairs let out a sigh of annoyance. The market was closed today.

Liu Xuenong quickly looked at the big blackboard. The Dow Jones index was 387 points.

Alas, no wonder they sigh.

After all, it didn’t break through to the dreamy 400 points.

In the last hour, U.S. stocks curbed their crazy momentum and still fell slightly.

This level is nothing to speculators.

And it is normal to fall back. If it keeps rising at a high level, that is not right.

"It's time to go, sister Huixin, let's go back and have a party to celebrate." Liu Xuenong reached out and wanted to put his arm around Huixin's shoulders, but luckily he stopped.

Huixin came to her senses, nodded quickly, put on a British-style aristocratic linen hat, and went downstairs with him.

Approaching the hall, Huixin returned to her cold attitude and said to him calmly: "From now on, please call me Mrs. Dewitbucket outside."

"I understand." Liu Xuenong hesitated, but finally nodded.

Walking on the trading floor, everyone's eyes were focused on Huixin.

This woman once made a huge profit of $38 million by shorting stocks, and now she kicked the handsome young Chinese away.

Huixin's reputation on the New York Stock Exchange is no less than that of Livermore back then.

This made Liu Xuenong very envious.

One day, I will be like this, worshiped by countless ghosts.

He thought so.

It feels like the wonderful night has officially begun.

But this night, for Livermore, was not so good.

For traders, the market's reaction is far more important than the news itself.

Therefore, trading based on events is very dangerous.

Livermore understood this truth, so if Ye Luo hadn't spoken out, he wouldn't have dared to short the Hartree Company decisively based on the informant's information.

But he also knew that the moment of decisive battle was getting closer, but he didn't know which day it would be.

Of the three pieces of news, the one that kept Livermore up most at night was the secret of Hartree's bankruptcy. He believed that this news would trigger huge fluctuations in global financial markets.

Because this is in line with an immutable truth in financial transactions: the market will only be defeated by the most direct force.

But is the news true?

He made a promise in the Franklin family villa.

But that was just to keep his companions from worrying.

There is no absolute fidelity of news in the world.

The Dow Jones index reached a new high, making him even more worried.

The only good news is that Ye Luoding's selling one hour before the market closed was indeed stuck at the right time.

Just like last time. (End of chapter)