Chapter 410 Sword of Damocles
"Boss, the market is open!"
Soon, Turner's voice sounded.
Fang Xiang also opened his eyes, which had been closed for a nap, and looked at a computer that had been moved to his desk.
Yes, in order to make it convenient for Fang Xiang to see the stock market fluctuations as soon as possible, a computer was temporarily added.
As Turner finished speaking, the colorful lines and numbers on the screen began to jump.
"It's falling! London was finally affected by the Dow Jones Index and started to fall.
However, I haven’t found a large number of short orders yet, and it seems that the hot money is not in a hurry to act.
Boss, let’s...”
After observing for a few minutes, Turner did not seem to find any large short orders against London.
His complexion looked somewhat pessimistic.
"I'm afraid they're waiting for us to take the lead?!
Go short.”
Fang Xiang narrowed his eyes slightly and tapped the table with his index finger for a while.
He suddenly opened his eyes and spoke decisively to Turner.
"we...
OK, boss! "
Turner hesitated and wanted to say something, but immediately swallowed his thoughts and nodded.
"Place an order! All short orders!"
Turner's voice echoed down the hall.
In just half a minute, the screen, which originally contained a lot of green rising information, seemed to have been paused.
A large amount of green information began to turn red and started jumping on the screen.
The FTSE index dropped ten points in an instant.
Even if no bank provides this capital leverage, the amount of 100 billion yuan is by no means a small amount, but a huge amount of funds that is enough to stir up an entire country.
You have to know that the total economic output of France in 86 was only 5000 billion US dollars.
On the 19th, the value of the drop in the Dow Jones and Nasdaq was equal to France's annual economic output.
It’s a pity that the loss of Nikkei only caused Japan to lose half a year’s total economic output.
But this is already a miracle!
You know, Japan's total economic output is now almost just one step away from surpassing the lighthouse of mankind, and it is in the most glorious period in its history.
"Boss, there are a lot of short orders in the market, they are moving!"
About ten minutes later, when the FTSE index began to fluctuate and steadily decline, Turner's excited voice rang out.
“Every point the FTSE fell meant John Bull lost over a billion pounds.
A ten point drop would be 10 billion pounds, and a one hundred point drop would be 100 billion pounds.
I expect the FTSE to drop at least 300 points today!"
Turner's eyes were fixed on the computer screen and he kept mumbling.
Three hundred points? Three hundred billion pounds?
This is only ten percent. Although Fang Xiang couldn't remember how much John Bull's stock market fell in this stock market crash, he believed that it was definitely more than ten points.
Historically, there has never been a large amount of hot money coming in to short the FTSE Index.
The 100 billion that Fang wants to invest now is just an appetizer. Even if no one follows up, the profit will definitely be more than ten points.
With such a huge amount of short orders pouring into the FTSE index, even a bank with the size of John Bull and the market capacity for financial capital cannot stop it!
This 100 billion is the clarion call for the decline of the London stock market.
Yesterday, due to time difference and wind disasters, the London stock market did not collapse like the North American stock market.
But the chain reaction will eventually reach here, and John Bull can't bear it.
If John Bull can't bear it, then their domestic capital and funds will be even less able to bear it, and the retail investors will follow suit and sell in panic.
Just like when you throw a pebble into a lake, it creates more than just ripples on the surface of the lake.
There are also fish that are frightened away under the water.
"Boss! It has fallen by 80 points now, and more and more short orders are being put into the market.
There are almost no buy orders now, all are sell orders!
There are already more than 100 million sell orders on the market. London is collapsing! "
Twenty minutes later, Turner turned his head and looked at Fang Xiang.
At this time, Turner's eyes and entire face were all red.
The red in the eyes is caused by staying up too late, while the red on the face is caused by excitement.
"Ah."
Fang Xiang supported his chin with both hands, leaving only his eyes exposed.
There is still a long time today, and 80 points are just the beginning.
Sure enough, in front of the computer in front of Fang Xiang, the FTSE index continued to jump.
90 points, 100 points, 120 points, 150 points, 180 points, 200 points!
Before noon, the FTSE index was like a patient with diarrhoea who drank a large glass of ice water and then took a suppository to open the floodgates to prevent the spread of the disease. It could not be stopped, it could not be stopped at all!
"Boss, I calculated that the amount of hot money and funds that are shorting in London is definitely more than one trillion!"
Turner took a cup of coffee, kicked his feet, and slid the chair with wheels to Fang Xiang's desk.
"We have 100 billion, and the North American hot money is conservatively estimated to be more than 400 billion. The rest is probably hot money from all over the world!
Who knows, there may be hot money from the Benzi consortium, or even John Bull’s own funds!”
Turner lowered his voice, but his tone betrayed his current mood.
The FTSE Index at this time is like a prey that has not yet died, but has already attracted countless carnivores.
Predators such as hyenas and vultures could no longer bear to wait for their prey to die, and they frantically tore off the flesh they could find on John Bull.
Eat it into your stomach in big mouthfuls.
It seems that the whole world knows that the London stock market is the last wave of this stock market crash.
No matter how severe the losses in their own country's stock market are, or how much money has been wiped out, it will not prevent them from getting some of it back from John Bull.
If you can eat one bite, you can replenish the energy you have lost. If you can eat ten bites, you can get back some of your lost funds.
As for John Bull's life or death?
Who cares now?
The London Stock Exchange has become a feast for funds and funds from all over the world!
Everyone was gnawing at the food, fearing that they would not eat enough and would not get enough advantage.
From the body of the giant John Bull, mouthful after mouthful of delicious food, still steaming and bloody, was torn.
After finishing the lunch box brought by the staff, Fang Xiang discovered that the FTSE index, which had fluctuated at noon, continued to fall.
240 points, 280 points, 320 points.
The downward trend seemed endless, and no one felt that this was the bottom of the cliff, because no one felt that they had enough to leave.
Trillions of dollars worth of short positions still hang like a dark cloud of despair over the FTSE index, like a sword of Damocles.
360 dots, 400 dots, 440 dots, 480 dots.
By the afternoon close, the FTSE index had plunged nearly 500 points!
"Boss, the T+3 previously issued by London has now become a grave dug by itself.
This short order, which is unprecedented in history, has no thought of retreat at all.
I suspect that the giants in North America have reached an agreement that they will get compensation from John Bull for any losses they suffer.
John Bull . . . is finished!"
Looking at the computer screen where only a frame remains, those jumping numbers and lines are gone.
Turner's eyes were red and he was grinning like a devil who had just crawled out of hell.
