National Tide 1980

This is by no means a battle between longs and shorts that is evenly matched.

On October 19, the capital market on Wall Street in the United States began to collapse.

For the capital markets around the world, it became a one-sided massacre of shorts against longs.

Blood flowed for thousands of miles, and it was a terrible tragedy.

Regardless of whether the truth of this matter is as many investment banks have defended afterwards.

They were caught off guard and it was entirely caused by program trading - the computer program saw the stock price fall, and then added the mechanism set in the program to sell stocks, forming a vicious cycle, causing the stock price to fall faster, and the falling stock price caused the program to sell more stocks.

But at least it is certain that this reason is valid to a certain extent, at least it should be one of the more important reasons.

You must know that in this year, people who are keen on the reform of electronic office have not yet had enough understanding of the shortcomings of the newly emerging electronic system, and have a clear understanding that no exchange or brokerage firm has emergency measures and principles related to risk prevention.

The world's top financial institutions, whether banks, securities firms, or fund companies, never thought that one day, there would be such a concentrated short selling pressure.

That's why they were caught off guard.

Otherwise, there would never be such an epic crash that caught people off guard.

In fact, any so-called "professional" financial institutions at this time felt confused and panicked like retail investors, and they were at a loss. The only thing they could think of was to sell! Sell! Sell!

This caused all stocks to fall without stopping, just like a train that ran out of control and derailed, completely refreshing the cognition of investors around the world.

At the close of the day, the US market fell the most, and the stocks of almost all major companies in the US market fell by about 30%.

The Dow Jones Industrial Average fell 508.32 points, from 2246.72 points to 1738.470 points, a drop of 22.6%.

It was twice the drop on October 28, 1929, which triggered the Great Depression, setting a record for the highest drop in one day.

On that day, the face value of stocks worth $503 billion, equivalent to the annual GDP of France and one-eighth of the annual GDP of the United States, vanished in one day.

And this huge panic spread like a plague around the world.

As a result, stock markets in London, Frankfurt, Paris, Tokyo, Sydney, Hong Kong, Singapore and other places were all affected and began to plummet.

At the close of the day, in Europe, the Financial Times Index in London fell by 183.70 points, a drop of 10.1%;

The Credit Suisse Index fell by 11.3%. The Netherlands fell by 7.8%; Belgium fell by 10.5%.

Stock markets in Frankfurt, Stockholm, Milan, Amsterdam and other cities also fell by around 10% to varying degrees.

In Asia, the Hang Seng Index in Hong Kong fell 421 points, or 11.3%, on the 19th, setting a record for the highest one-day decline;

Singapore's Straits Times Index fell 169 points, or 12.4%, on the 19th;

Australia's All Ordinaries Index fell 80 points, or 3.7%; the FTSE30 index fell 183.7 points, or 10.1%, and the FTSE100 index fell 249.6 points to 2053.3 points, with investors losing 50 billion pounds.

The stock markets in Brazil and Mexico fell by more than 20%...

To say that the stock market with the least decline is Japan, the Nikkei index fell only 2.35% on the day, followed by the Federal Republic of Germany with 3.7%, and France ranked third with a decline of 6.1%.

The reason for this is not because these markets are so strong, nor because they have their own operating rules and are less affected by the US market.

In fact, the key lies in the time difference problem, as well as the reaction degree and judgment speed of local investment banks.

So after another day, the real plunge of these markets finally came.

Whether it is Tokyo, Federal Germany, or France, almost all continued to make up for the decline on October 20, each reaching a 10% range.

So for Ning Weimin, because he accurately predicted this stock market crash and made full preparations.

His camp naturally became the luckiest winner.

Let’s not talk about anything else. On the 19th, after he received the exact news from Shen Cun, he quickly used his credit line and rushed to short the equivalent of 1.2 billion US dollars before the market went completely crazy.

With just this one move, their side made a lot of money, it was simply crazy.

Even on the 19th, due to the lag in the operation of the computer system, the trading system of the French stock market soon became blocked due to excessive busyness.

The number of short sell orders placed after Ning Weimin increased, and finally there were so many that they could not sell them.

Even if they wanted to make a few less profits, they could not stop the profits in time.

The buy order issued by Ning Weimin on that day was not executed at all. It was not until the stock market opened and plummeted the next day that Ning Weimin realized that his account was still full of short orders from short selling, and the profits were still flying in the air and continued to expand.

In this way, on the afternoon of October 20, Ning Weimin closed his short selling quota, including the LVMH and Dior shares that Pierre Cardon had previously sold on short selling.

Even though they were a little impatient and bought against the trend at a price much higher than the closing price of the day, they still reaped a profit of $487.55 million.

This means that at this time, not only did they no longer have the risk of being sidelined, but they also had their own funds of up to $1.66 billion. Now, with the credit line given to them by Lyon Securities, the funds they could manipulate had reached $2.4 billion.

Correspondingly, LVMH's total market value fell by 36.7% from its high point three days ago. A company worth $6.5 billion is now worth $4.1 billion.

This is still LVMH, which has relatively scarce chips and relatively less selling pressure.

Dior Clothing, which has much more chips than him, is even worse, with a market value of 52% and a total market value of $700 million from $1.4 billion.

If the 35% restricted shares held by Bernard Arnault are removed, the company's circulating market value is less than $500 million.

So in this case, Ning Weimin can get anything he needs as easily as taking something out of his bag.

By October 21, despite the shock of the global stock market crash, local governments quickly took measures to save the market.

Hong Kong immediately announced the closure of the stock market for four days, the United States announced the suspension of computer trading and shortened trading hours, West Germany announced a reduction in the repurchase rate of securities, and the Group of Seven held a meeting to discuss how to provide liquidity to the financial system.

Stimulated by the positive news, the French stock market also began a retaliatory rebound on this day.

But Ning Weimin only needed to give an order to let the stock broker who served him sell some LVMH and Dior clothing stocks in the form of short selling.

It was enough to easily stop these two stocks at a low level, and the price could not go up.

He had actually become a powerful dealer who completely controlled the market. He could make these two stocks go out of the price he wanted at will, and he could buy them at any price he wanted.

On the 21st and 22nd, Ning Weimin was surprised by the whole process of successfully absorbing funds under his personal observation.

Even the stocks that Henri Lacamier promised to lend him were no longer useful, and those people in the stock market obediently handed over their chips.

A few days ago, they were still pretending to be dead and unwilling to sell, but in the financial crisis, their beliefs became so vulnerable.

Besides, no funds dared to snatch food from the tiger's mouth, and no one dared to snatch chips from them.

Let them eat and chew as they please.

At least, there should be some funds to stir things up, right? Why did it become cold without any movement?

It took him a long time to figure out why these two stocks were like cities occupied by the army, and the occupants were allowed to manipulate them at will, and even the resistance forces like small guerrillas did not exist.

In fact, to put it bluntly, it was because all the investment banks and big speculators were now stuck in the quagmire and could not take care of themselves.

They couldn't even make up for their own losses and deficits, so how could they have the energy to ruin other people's good things?

Now he finally understood that the calamity is the calamity, and the power is so awesome.

This stock market crash arranged by God is like a thunderbolt plowing the ground, knocking down everything.

This stock market crash is not only beyond human control, but also directly deprives his opponent of all the possibility of reinforcements.

OMG, although he knew all this would happen, he never expected such a magnificent scene to happen.

Even he could only look at everything that was happening with shock and surprise, and even felt a little sorry for his opponent.

Because if nothing unexpected happens, by the end of this week, not only will Henri Lacamier get enough share support to take back his company, but even the Dior clothing that originally belonged to Bernard Arnault will change hands.

And all this is because of him. If he hadn't interfered, Bernard Arnault wouldn't have lost so badly.

Now we can only say that there is a will of heaven.

He is a real nemesis of the opponent, and it is only bad luck for the opponent to meet him.

Of course, as two insiders who were in the same camp as Ning Weimin and participated in the whole process, Henri Lacamier and Pierre Catton were even more shocked.

They never thought that Ning Weimin would win this gamble.

In Pierre Catton's heart, his subordinate who was omnipotent and good at everything was simply a legend.

Whether it was invention, financial investment, or even film music, he was very good at opening a restaurant.

Ten days, just ten days, if only the trading days were counted, it was only seven days. In seven trading days in France, this kid actually earned more than the total wealth he had accumulated in twenty years.

Even Henri Lacamier, who had inherited several generations of money, was surpassed by him.

Because he took over LVMH and Dior Clothing in one fell swoop.

The most important thing is that he was not embarrassed, everything was easy, and he welcomed everything calmly.

What kind of psychological quality is this?

What kind of genius is this?

It is really hard to imagine what kind of achievements he will make at his age.

People really can't refuse to accept old age.

It seems that no matter how lenient I was to him at the beginning, it was not too much. This is simply the best thing I have done in my life.

Henri Lacamier was also overwhelmed.

Now he was no longer worried about Bernard Arnault, the wolf whose teeth were broken was no longer a threat.

However, Ning Weimin's actions made him fear from the bottom of his heart. Such a strategic ability made him have to be afraid.

At the age of 25, he was just like a brave man fighting a desperate battle with the gangster tycoon who had almost the upper hand and controlled two listed companies, and finally won so easily.

Such a person, with such ability, is obviously a more terrible person than Bernard Arnault.

What if the other party no longer keeps his promise after winning and turns against him?

It is unrealistic to expect the other party to be a "white guard" who does not ask for anything in return.

The so-called white guard is just a simple ally, and he has nothing to ask for except helping each other.

After a fierce battle for chips, after deducting the losses he has incurred, he will return the shares through various channels, and will not take the opportunity to run into the territory of his allies and participate in the future operations of his allies.

Even he himself does not believe that there are such people in the world, how can he have such hope?

And the white knight has a price.

Helping to drive away the invaders, as the "country" that has been helped, it must at least give a princess a token of appreciation, right?

Countries emphasize national interests first, and companies also emphasize corporate interests first. Nothing is free. Compared with this matter, even if the other party's original intention is to "uphold justice" for himself for the sake of Pierre Cardin, the due compensation should still be paid.

He is willing to give his white knight a portion of the equity risk and let him have a certain say in the company that has been helped.

Because compared with the invaders, the white knight is not so harmful and more trustworthy. At least he will not tear a good company into pieces, swallow the essence, and sell the rest.

There are so many companies listed on the stock market through backdoor listings, and most of the shells are obtained in this way, which are basically the relics of victims of malicious acquisitions.

But he just doesn't know whether the other party's appetite is big or not. What if the other party wants to interfere with his business operations?

If the other party also wants to seek a seat on the board of directors, it is undoubtedly a potential threat to him. He can't bear the other party's sword back...

In short, he now regrets that he was too disrespectful to Ning Weimin in his own home. Even after they formed an alliance, he did not show full respect to him.

So even if he saw the victory, Henry Lacamier was not in the mood to enjoy the joy. Instead, he frowned and couldn't help but eager to ask Ning Weimin what reward he wanted.

However, the tolerance shown by Ning Weimin easily made him feel at ease.

"Mr. Lacamier, I came to help Mr. Pierre Cardin. I not only respect your creativity and artistic talent, but I am also very happy that you can take back what belongs to you. As for me, I only need financial returns. Even if I continue to hold shares, I will not interfere in the management of the company. I just hope that you can run the company well, let me keep a certain equity, and share the profits in the future. How about it? Is it okay?"

"No problem. I will always remember your kindness, thank you. From now on, you are my friend. You can come to me for anything related to the Paris fashion industry..." Henry Lacamier finally stretched out his hand with relief, his expression showing the smile of a king who restored his country.