Wang Guanxi said, "No need to buy it for the time being, it's totally enough."

Currently, the Dow Jones Index has stood firm at 7900 and will close in less than 10 minutes. Then Wang Guanxi said: "After the closing, we will release news that is good for the stock market."

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

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

Li Guangyu asked, "I don't know who was shorting just now?"

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

Lu Jianyan said: "Willes, the boss of American Merchant 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 on the Dow Jones Index. I guess he is very inflated now and needs to increase his position and short it!"

Guan Zhenyi also echoed: "Willes is indeed inflated. He dared to increase his position and short his position when the Dow Jones Index fell so low. He had to accept his courage!"

Lin Jiyang said: "This time we beat him up, the owner of the American Merchants Bank may be replaced by us."

Wang Guanxi said with a smile: "This time I beat Evan Cardinah up, now it's Wells' turn."

Huntington Bank's ceo Stephen Steno also said: "Boss, American Merchant Bank is in Buffalo, New York. If we can swallow American Merchant Bank, we can expand our banking system to the eastern region."

CEO of Wusan Bank Alan Fishman also echoed: "American merchant banks have a history of nearly 150 years, and their main business is in the eastern United States. If we eat it, we will make up for the shortcomings of our business in the eastern United States."

Huntington Bank, Wusan Bank's main business is in the central United States and has basically 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, 31 branches in West Virginia and 13 branches in Kentucky

Wusan Bank has 15 subsidiaries and 1,316 full-service banking centers, including 104 banking commercial centers that open seven days a week in selected grocery stores, as well as 12 states distributed throughout the Midwest and Southeastern United States, and 2,425 ATMs distributed throughout the Midwest and Southeastern United States.

There is basically no business in the eastern U.S. states.

Wang Guanxi nodded: "That's true, acquiring American merchant banks is also a strategic need for our banking system."

Currently, Wang Guanxi owns Huntington Bank, Wusan Bank, Silicon Valley Bank, China Bank of China and Hawaii Bank.

Huntington Bank, Wusan Bank's main business is in the central United States.

Silicon Valley Bank and China Banking Corporation are mainly engaged in the western United States.

The Hawaii Bank's business is in Hawaii and also in the relevant islands.

Wang Guanxi's banking system has no business in the eastern states of the United States.

Thinking of this, he continued: "After we beat Wells this time, we will acquire the American Merchant Bank!"

“Yes, boss!”

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

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

Everyone's faces changed.

Unexpectedly, the Dow Jones Index plummeted by 100 points at the end of the last 5 minutes.

"Boss, this, this is not good for us." Wu Zhanhai looked at the market nervously.

Wang Guanxi's face was a little serious.

This time, the No. 1 Fund has made a total of 500,000 yuan in order to make the Dow Jones Index, and its position is near 7900. One point of fluctuation is the profit and loss of US$5 million.

Now the book loss is $500 million, and there is still $300 million in available funds left in the account. If the Dow Jones Index falls by another 60 points tomorrow, the No. 1 fund will be liquidated.

"This Jones index is really weak!"

Wu Hongsheng asked: "Boss, do we need to add funds?"

This time I went to the Dow Jones Index for 500,000 yuan, spent $5 billion in margin, and had a very heavy position. Everyone thought that the short power on the Dow Jones Index had been exhausted!

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

Li Guangyu also said: "If the Dow Jones Index falls by 60 points tomorrow, we will lose its position."

Wang Guanxi said: "Go and prepare funds immediately, mortgage Citibank's shares, lend it to Wells Fargo, and then lend it to $1 billion."

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 overturned.

If all long orders with 500,000 were forced to close, then that would be bad.

You should know that if a long order of 500,000 yuan is forced to be flattened, it is equivalent to shorting 500,000 yuan in the market!

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

At that time, it was possible that Wang Guanxi's No. 1 Fund would lose nearly $1 billion more.

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

It’s impossible to capsize the gutter, Wang Guanxi said: “I will make a loan with Morgan Bank and Wells Fargo at the same time. Call it immediately to get the funds prepared by both banks.”

"Yes, boss!" Stephen Steno and Allen Fishman hurriedly went to do it.

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

Wang Guanxi asked: "What good news?"

Lu Jianyan: "The US Department of Commerce just released its economic data report"

When Wang Guanxi saw it, he was immediately happy.

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

The report shows that strong growth in car sales in June offset the impact of declines in sales in many industries.

Excluding car sales, the U.S. retail industry's sales revenue in June increased by 0.3% month-on-month.

Goldman Sachs' second-quarter profits were far better than analysts' expectations due to sharp increase in trading and underwriting profits. Johnson & Johnson's profit fell 3.5% in the last quarter, but the performance also exceeded market expectations, with Johnson & Johnson rising 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 news that are good for the economy and stock market.
Chapter completed!