240 made 1 billion in an instant, and the six people were desperate!(1/3)
At this moment, Black Shirt Investment Bank, Wang Guanxi and others looked a little heavy.
Huang Shaokai said: "This opponent is coming in full force."
Zhang Dexi said angrily: "There are paralyzed, and there are those who are not afraid of death to fight us."
"It's probably an Indian." Then Wu Zhankun pointed to the report released by the Indian Industrial Trust Investment Bank.
Indian Industrial Trust Investment Bank claims: "Washington Mutual Bank to Be Acquisitioned by Morgan Bank Group"
Wang Juehao said: "This time it must be the Indians who are coming to stop us again."
He felt that it must be Hong Tianwen who betrayed them and revealed the news that they had shorted Washington Mutual Bank to the Indians.
Bai Weiqiang said: "This Indian is really lingering. Last time he lost a lot of money at Fannie Mae and then a big defeat at the American International Group. They just don't have a memory, they are cheap and need a beating!"
"Haha, yes," Wang Guanxi said with a smile.
Then the news came again.
[Multiple central banks inject urgent capital into the money market]
Central banks around the world are actively injecting liquidity into the money market out of concerns that Lehman Brothers' bankruptcy could trigger banks to freeze each other and lending activities against customers.
Monday's unplanned capital injection was linked to a rise in overnight lending rates, suggesting that the interbank lending market has begun to tighten.
The Wall Street Journal European Edition report pointed out that the overnight lending rate in the euro zone ranged from 4.43% to 4.48% on Monday, significantly higher than the ECB's target interest rate of 4.25%.
Meanwhile, the overnight lending rate for the pound is between 5.20% and 5.30%, while the Bank of England's benchmark interest rate is 5%.
Bloomberg News reported that the dollar's overnight lending rate rose sharply by 96 basis points to 3.11%.
Lehman's bankruptcy and concerns about further turmoil in the financial market have prompted global investors to turn to highly stable assets, stock markets around the world have suffered shocks, and bank stocks have suffered particularly heavy selling pressure, with investors and traders vigorously purchasing yen and Treasury bonds, especially safe haven assets such as U.S. Treasury bonds.
Huang Shaokai couldn't help but say: "The financial storm seems to be coming, haha."
Zhang Dexi also smiled and said, "Yes, the financial system is facing unprecedented challenges now."
Wu Zhankun also said: "And banks may start hoarding cash because they are worried that the aftermath of Lehman's bankruptcy and further turmoil in the financial market may be coming."
Wang Juehao also said: "The concerns about the increase in interest rate spreads in the money market are obvious. A large number of institutions will once again adopt the practice of hoarding liquidity. In the next few weeks, the obvious increase in risk from opponents will be the market's theme."
The Fed has begun to take action after the U.S. Treasury’s efforts to find a buyer for Lehman failed.
The Federal Reserve announced that it has begun to expand its lending program and will accept more varieties of loan collateral, including stocks.
Meanwhile, several private banks have jointly established a $70 billion liquidity fund.
The Bank of England will inject another £5 billion (about $8.9 billion) of liquidity into the money market through a three-day loan.
The Bank of England pointed out in a statement that the action was a response to short-term money market conditions this morning.
The statement also said: The Bank of England will work with other central banks to closely monitor market changes.
During a one-day money market auction, the Frankfurt-based ECB injected 30 billion euros (about $42.5 billion) of liquidity into the market.
Earlier, the ECB pointed out that it is closely monitoring the situation of the money market and has prepared to ensure the orderly market.
The Swiss National Bank and the Reserve Bank of Australia also took action to inject liquidity into the money market on Monday morning.
In addition, the China Central Bank announced that it would lower the benchmark loan interest rate by 27 basis points.
Wang Guanxi said: "Now in addition to the American and European banks that have ties to Lehman, Lehman's bankruptcy has also caused the market to worry that other banks may also file for bankruptcy.
Therefore, banks may become increasingly reluctant to borrow from each other. The risk that credit tightening will increase for a long time will increase accordingly. At that time, the stock market will be blood drawn, and it would be strange if it does not continue to plummet!"
Then another message came
Insurance giant: Aig is seeking to obtain $40 billion in bridge loans from the Federal Reserve to avoid being downgraded by debt rating agencies.
"Haha, aig Group's stock price will continue to fall into shit now."
"Indians are about to cry to death in the toilet"
"Yeah yeah"
Everyone chatted while drinking tea.
After looking at the time, it was already very late. Wang Guanxi said, "Arrang people to continue to stare at the stock price. Tell me any abnormal changes."
This time, shorting Washington Mutual Bank caused a blockade, but it was just right. Washington Mutual Bank would follow in the footsteps of Lehman Brothers.
Ten days later, Washington Mutual Bank went bankrupt!
"Yes, boss" everyone was very excited and nervous.
Then Wang Guanxi left Heishan and invested in the bank and returned home to rest.
This time the stock market has come to a short end. Those who should short sell all the people, just waiting for the stock price of ASI to continue to fall, and Washington Mutual Bank goes bankrupt.
Of course, it also protects the listed companies under the Hong Family Alliance, Huang Family Consortium, and Zheng Family Consortium.
Starting tomorrow, we will focus on the Hang Seng Index, because the Hong Kong stock market is closed today and open tomorrow morning, and Hong Kong stocks will inevitably fall sharply across the board.
The Hang Seng Index will definitely plummet. Wang Guanxi also holds 20,000 short orders of the Hang Seng Index in Yongheng Securities' account, with a floating profit of 3,100 points, a floating profit of 3.1 billion Hong Kong dollars, and a net value of the account reached 3.9 billion Hong Kong dollars.
Thinking of the Hang Seng Index plummeting tomorrow, Wang Guanxi is very excited.
However, currently, Black Shirt Insurance Company, Black Shirt Investment Bank, and Black Shirt Hedge Fund have a lot of debts and the daily interest rate is extremely high.
Blackshirt Insurance Company shorted 5 million shares of American International Group's shares, which was worth HK$2 billion at the time, and the monthly interest was nearly US$36 million, which was calculated to be HK$279 million per month.
Blackshirt Investment Bank shorted 120 million shares of Washington Mutual Bank, with a monthly interest rate of nearly HK$60 million.
Blackshirt hedge fund shorted Hao Finance Group, aeon Credit Company, Xinhe Hotel Group, Xinhe Real Estate Group, Dafu Securities Company, New World Development Group, Dafu Hotel Group, Baipoly Holdings, and New Century International, sold stocks worth HK$11.8 billion, with monthly interest of more than HK$230 million.
The total interest per month is nearly HK$570 million!
This is a big number. Although Wang Guanxi is very calm, the maids are very worried. The monthly interest of HK$570 million is HK$19 million a day.
Too scary.
Time flies.
Negotiations between Morgan Bank Group and Washington Mutual Bank have not replaced progress.
Washington Mutual Bank's stock price turned around and fell to $3.00 per share at the end of the trading session.
Black shirt's investment bank account changed from a floating loss of $60 million to a slight floating profit.
The US stock market plummeted across the board today, which shocked the world!
Major media around the world have reported on the financial crisis.
New York Times: U.S. stocks plummeted on Monday, with the Dow Jones Industrial Average hitting its biggest single-day decline since the 9/11 incident seven years ago.
Lehman Brothers declared bankruptcy, Merrill Lynch agreed to sell the company to Bank of America, and Aig urgently needed huge amounts of cash to get rid of financial difficulties.
These news shocked the global financial markets and made investors worried about the financial situation of other financial institutions.
Bloomberg: The stock market can accept bad news, but cannot put problems on the desktop. There will be many bad news waiting for us in the future.
:Lehman's bankruptcy is different from the bankruptcy of airlines. Bankrupt airlines can continue to operate until the problem is resolved, but Lehman will become history.
As of the close, the Dow Jones Industrial Average fell 504 points to close at 10,917 points, a drop of 4.42%.
The Dow Jones Industrial Average hit its largest single-day decline point and decline since September 17, 2001.
Among the 30 Dow Jones stocks, Coca-Cola rose, with an increase of 0.5%.
aig The group plummeted 60.8%, bringing huge pressure to the Dow Jones Industrial Average.
Investors also set their sights on Seattle-based Washington Mutual Bank, which is in M&A negotiations with JP Morgan, but no results have yet been made.
Washington Mutual Bank fell 25%, while JP Morgan fell 10.1%.
Wall Street Journal: Why not bail out Aig Group and Washington Mutual Bank? This is the focus of this week.
The S&P 500 fell 59 points to close at 1,192 points, a drop of 4.71%.
S&P's 10 major industry sectors fell across the board, with financial and energy stocks leading the decline.
sunoc. plummeted by 20.2%.
The loss of two important U.S. financial institutions hit financial stocks hard, with the financial sector falling 9.7%.
The Nasdaq Composite Index fell 81 points to close at 2179 points, a drop of 3.60%.
French News Agency: Crb index smoothed out previous gains, New York crude oil futures closed down $5.47
Financial Times: Japanese yen has the highest growth rate against the US dollar in 10 years, with emergency capital injections from central banks in many countries
News of the World: Three of the five major investment banks in the United States have collapsed
Times: Fed $70 billion in equilibrium fund to save the market
Fox News: President Bush says short-term pain, long-term benefit
Associated Press: Greenspan says US financial crisis happens once in a century
Deutsche News Agency: US Treasury Secretary Paulson opposes using taxpayer funds to save Lehman
Singapore Morning Post: The darkest day in Wall Street in 7 years
Xinhua News Agency: Global stock market plummeted, and the total market value of A-shares has evaporated by 19 trillion in eight and a half months.
To be continued...