CHAPTER 1784
The bald eagle was the national bird of the United States, and to a large extent, it symbolized the United States.
Therefore, Jasper named the operation this time Operation Slaughter Eagle, which showed what his goal was.
They had already entangled with Wall Street or Quantum Fund long enough, so Jasper knew very well that this time would be the final battle to determine the outcome of the war.
Within one minute after Jasper gave the order, a total of 160 billion US Dollars jointly issued by Nauritus City and Harbor City surged into the subprime market of the United States on the other side of the ocean like a flash flood.
The subprime market that was still in an
uproar and immersed in the rebound
sentiment clearly did not expect Jasper to
make a comeback so soon.
Furthermore, the strength this time was
beyond everyone’s imagination.
In the financial markets of the West,
especially the United States, the colors
representing the rise and fall were the
opposite of those in Somerland.
In Somerlannd, red meant rising and
green meant falling.
In the United States, green meant rising
and red meant falling.
When this 160 billion US Dollars rushed. into the subprime market like a beast, it was as if the entire market experienced a earthquake. The first second, it was still green throughout, but in the next second, almost all the numbers visible to the naked eye became blood red.
In addition to this, the plunge was growing bigger by the second.
The first to bear the brunt of this was
Layman Investment Bank and Quantum
Fund, who bought in heavily to boost
market confidence.
The positions of these two companies were liquidated instantly.
The most serious losses were born by: retail investors who entered the market
after seeing the market rebound with the intention to make some quick profits.
In this kind of capital confrontation, retail
investors were basically cannon fodder.
Once they went in the wrong direction,
there would be no room for struggling.
For example, at this moment, this 160 billion US Dollar short sales directly caused the entire subprime market to drop 500 points. It was not an exaggeration to call it the most terrifying stock market disaster since the opening of the subprime market.
Under such a rapid decline, countless retail investors were like ants standing on the edge of a cliff. The boulders under their feet were rolling down, and no matter how loud they wailed, they could not save themselves. This is from .
Afterward, it was estimated that in this short hedge, more than 4 million retail accounts were directly liquidated in just the first three minutes with the loss of funds exceeding 30 billion US Dollars.
“Under this level of capital hedging, any
technical skills are meaningless.”
Standing in front of the screen, Jasper stared at the blood-red numbers that were constantly changing and falling on the screen, then said softly to Conrad beside him, “The only thing that really determines the victor is the number of chips on hand. It depends on who will be the first one to finish everything they have.”
Conrad also wore a solemn expression. He nodded and said, “Indeed, there are very few things we can do now. It depends on how Layman and Quantum Fund react..
“They have no choice but to hedge.”
Jasper squinted his eyes and clenched his fists slightly. After that, he said in a deep voice, “We have forced them into the subprime market. What we want is to have the final battle with them here, otherwise, we have no chance of winning.
“We can only fight. The bigger the fight, the better. The louder the noise, the better. Only in this way can the subprime mortgage crisis be triggered in advance, collapsing the United States economy.”
As soon as Jasper said that, Conrad stared at the screen and shouted, “They reacted!”
At this moment, the data on the market was changing rapidly. The most obvious thing was that the rate of decline had begun to slow down. Under the premise that the trading volume had increased multiple times over, it could be seen that Layman and Quantum Funds had begun to invest large sums of money in an attempt t o stabilize the market.
With that, big decisive battle between bears and bulls started without any prior warning.