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Chapter 32 Do You Have a Dragon Saber?

The capital market is a hunting game.

When you only have a small bow and arrow, you can go and fight the hare.

When you have a dragon-slaying sword, it will be boring to catch a few snakes to play. The key is whether you have a dragon-slaying sword!

Li Yue's account has 300 million US dollars, which is no longer a small bow and arrow. At least it is a Gatlin, which can sweep a group of wild boars.

Having 300 million US dollars in swords is not considered a dragon-slaying sword, but if used well, it is definitely a demon sword, which is enough to penetrate a few times into the dragon and release blood.

The US "subprime mortgage crisis" gradually emerged in the spring of 2006.

According to the historical trajectory, starting from August 2007, the subprime mortgage crisis will sweep the world's major financial markets such as the United States, the European Union and Japan.

However, in June, the subprime mortgage crisis had already exploded, especially some large American banks, which were exposed to huge losses due to the subprime debt problem.

Some bank stocks have begun to fluctuate and fall.

At this time, the US stock market may be detonated at any time.

Li Yue looked at Citi's stock price. It was as high as more than 50 yuan at this time, which was obviously seriously overvalued.

You know, just a year later, in 2008, the share price of Cosmic Bank Citi was smashed by a dollar and once wandered on the brink of bankruptcy.

Then, he looked through the bank stocks such as Bac (Bank of the United States), WFC (Wells Fargo), GS (Goldman Sachs), and all of them were at historical highs.

During the subprime mortgage crisis, these American banks were either liquidated in bankruptcy or sold out in a crazy manner, falling by more than 90%, and almost no one was spared.

Looking at these high-ranking bank stocks, Li Yue seemed to be looking at a fat pig waiting to be slaughtered.

"My dragon-slaying knife is not ready yet. I will kill a few pigs to sharpen the knife tonight."

Li Yue's eyes shone and he murmured to himself.

He is ready to do a big fight.

"Master, what dragon-slaying sword? What pig are you going to kill?"

When Liu Qianqian came to the trading room, she heard Li Yue muttering strange words such as dragon slaying swords and pigs, and she couldn't help but be very curious.

"Qianqian, do you think these high-priced bank stocks in the United States look like fat pigs waiting to be slaughtered?"

Li Yue asked Liu Qianqian.

"Ah, how could a bank stock be a fat pig?"

Liu Qianqian scratched her head, showing a cute look, not knowing what Li Yue was talking about.

"So stupid!"

Li Yue shook his head. This girl has such a poor understanding, how could she be his apprentice?

"I'm going to kill a few bank stocks tonight, so you can watch it carefully."

Li Yue said to Liu Qianqian.

He just read some pre-market news about the US stock market, and the forty-meter sword in his hand was already thirsty!

"oh!"

Liu Qianqian nodded as if she was ignorant and stood obediently behind Li Yue.

At 9:30 North American time, Li Yue directly placed a short order of 100,000 shares at the Spy Index at 154 yuan, and used up $1,540,000 of its capital authority.

At the same time, he shorted 200,000 shares at C (Citi) for 54 yuan, bac (Bank of the United States) for 300,000 shares at 44 yuan, wfc (Wells Fargo) for 500,000 shares at 22 yuan, and gs (Goldman Sachs) for 500,000 shares at 233 yuan.

That's right, he shorted American bank stocks across the board.

When the U.S. stock market first opened, trading is often very active.

Soon, all of Li Yue's short orders were traded, which almost used his $55 million in one go.

"Wow, Master has made such a big deal, and he has used tens of millions of dollars to short bank stocks at once!"

Liu Qianqian widened her eyes and was shocked by Li Yue's big moves.

This was the first time she saw a transaction of 50 million.

Intuition told her that Li Yue was going to make trouble tonight.

At this time, the spy index was still fluctuating upward, and Li Yue shorted 100,000 shares at 154.10.

At the same time, he shorted 300,000 shares on C again, and the prices were all traded at 54 yuan.

At this time, the spy index had already risen weakly and had been hovering around 154~154.15.

Li Yue put out a short order of 100,000 shares at 154.15, but this time it was only half of the transaction, and the stock price fell to 154.

The market index has shown a downward trend and is somewhat unable to rise.

Li Yue was not ruthless and directly pressed 300,000 short orders at the spy index of 154 yuan.

At the same time, he also placed a large short order of 500,000 shares at Citibank's 54 yuan price.

The appearance of this large short order of 500,000 shares immediately scared some people.

Citi's stock price fell by a cent quickly, but it quickly rose back, and then someone began to try to eat Li Yue's short order of 500,000 shares.

Not long after, all 500,000 short orders of Citi were eaten up.

Li Yue was not in a hurry and continued to short Citi's 500,000 shares at 54 yuan. At the same time, he also placed a large short order of one million shares on the dark market channel.

He just wants to suppress the price of Citi, or to short-sell goods at the price of 54 yuan.

Citi is worthy of being a Cosmic Bank, and all the 500,000 short orders placed by Li Yue on the Ming market were quickly eaten up.

However, the one million shares of the dark market order could not be eaten for a long time.

Someone tried to eat 300,000 shares, but they still couldn't do it according to the price, so they gave up.

At this time, the short order in the market surged out, as if it had leaked the flood, directly smashing the price of C to 53.50 yuan, and a negative line cost 50 cents.

At this time, Li Yue shorted 1.5 million shares on C, with an average price of 54 yuan, and a direct floating profit of 750,000 US dollars.

Not only that, SpY fell, Citi fell, Bank of America, Wells Fargo and Goldman Sachs all followed suit, and Li Yue's floating profit exceeded one million.

In fact, Li Yue did not smash the market at all. The stock price was too high, and the market panic caused bank stocks to be smashed.

The general trend was unstoppable, and Li Yue was just following the trend.

"Wow, the profit is million US dollars, my goodness! The million US dollars!"

Liu Qianqian was shocked.

This is the first time she has seen such a huge profit.

However, Li Yue did not make a profit at this time, but continued to short the spy index.

At this time, the spy index had fallen to 153.40, and he suppressed 300,000 short orders at 153.50.

The plunge in Citibank stocks, such as Citi, has dragged down the spy index.

The decline of the spy index caused greater panic, causing bank stocks to fall further.

The downward trend has been formed, but Li Yue is not in a hurry to leave the market.

Then, the spy index and bank stocks began to fall continuously.

However, the decline is generally mild, and it can still rise to a cent if it falls by three cents, which does not create a big panic.

However, this warm decline was quickly broken.

At 10:30 US time, the market was ignited by news.

"Citibank was revealed to have lost 700 million US dollars in subprime debt."

In an instant, Citi's stock price plummeted down three thousand feet, and a large negative line directly smashed the stock price from 53.30 to 51.60.

Meanwhile, all US Bank stocks plummeted.

Li Yue's floating profits are also growing rapidly!

The stock c alone has already earned US$3.6 million.
Chapter completed!
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