The journey starts from the Titanic

The anxious investor yelled at the broker on the phone.

Everyone is selling stocks and bonds, and no one can take it. The result can be imagined.

Stuart appeared again in front of Livermore. Livermore had just issued an order to short GM. The effect was remarkable. The single selling of 20,000 shares immediately caused GM's stock price to plummet.

At the same time, Robles Securities is also shorting Kennecott Copper, and their counterparty Kuhnlob Company.

It is estimated that Kuhnlob Company is in a hurry this time!

After all, today is Black Tuesday.

The Kuhnlob Company is the core company of the Kuhnlob Consortium. Its main business is railway investment, and its influence on American railways is second only to the Morgan Consortium.

It also penetrated into the steel industry, mining industry and even the banking industry through railways. Pacific Railroad and Wells Fargo Bank have traces of the participation of this consortium. In recent years, they have been competing with the William Consortium in the Midwest.

Although after the death of the legendary Jewish wealthy Jacob Schiff, the Kuhnlob Consortium has not been as strong as before, its power should not be underestimated, otherwise it will not have been in the past few years after Stuart reduced his stake in Bethlehem Steel. Penetrate Bethlehem Steel Company.

If they are allowed to succeed, the Kuhnlob Consortium will be able to fight against the board of directors of Bethlehem Steel and the William Consortium.

This is something that Situ Nan cannot tolerate. Although Bethlehem Steel's performance after the war was much worse than before, and its performance will be worse in the following Great Depression, this is not the reason for Situ Nan to give up.

"That's not enough, you know! I want to teach those Jews an unforgettable lesson!"

Situ Nan resolutely said.

"You will also lose a lot, and you will hurt both?" Livermore hesitated, glanced at Situ Nan, his eyes were asking.

"Do you think the other party will be as well prepared as us?" Situ Nan asked back.

"As you wish, my boss." Livermore nodded solemnly, cheering for himself inwardly.

why?

Because he still has to be short of Bethlehem Steel Company, one of the two pillars of the American steel industry!

It's quite difficult, but Situ Nan, the major shareholder, is acting behind the scenes and things become easier.

Major shareholders dumped Bethlehem Steel's stock, causing more panic in the market, and Bethlehem's stock price soon fell to $10.

The Dow Index plummeted from its highest point of 386 points to 298 points, a decline of 22%. Moody's Fitch also lowered the credit ratings of almost all major companies.

Of course, it also includes Bethlehem Steel.

The better the Livermore team performed, the more Situ Nan's face was sullen, the wealth on paper evaporated by millions, and everyone was in a bad mood.

There is credit for Levermore's shorting of the stock market, but the main reason is the background of the stock market crash. The auto industry and construction industry have collapsed, and the steel industry will naturally kneel.

Even without Livermore, Bethlehem Steel would not be able to escape the catastrophe. It was nothing more than a step earlier and later.

Thinking of this, Situ Nan quickly looked away.

Livermore slumped freely on the sofa, the excitement on his face still faded.

"The worse the fall, will the cost of absorbing stocks be lower soon?"

Livermore thought that Situ Nan was in a bad mood, and tried to comfort him.

"Good job!"

Situ Nan nodded, smiled, and rarely offered him a glass of wine.

Livermore felt an indescribable sense of accomplishment as he watched the collapse of a company coaxed by cattle.

According to Situ Nan's plan, General Motors is also one of the goals.

Livermore said with emotion: "I never dreamed of driving General Motors below $20. Now those guys have become shocked and eager to get rid of their stocks, even General Motors stock is no exception."

He paused and drank a sip, "This is really an exciting day! If this continues, the NYSE will close!"

The gates of hell have been opened, the devil has returned from hell, and corpses will be seen everywhere.

He looked at Situ Nan's face calmly, and asked with a smile, "Why are you not excited?"

Situ Nan smiled when he heard this. He had experienced a similar scene before, it was the last world war.Besides, can the scene of no matter how cold and no matter how hard it is, can it be compared with the scene of floating bodies on the sea after the sinking of the Titanic?

However, he would not tell anyone this kind of thing. He just commented objectively: "General Motors has aggressively merged in the past few years and expanded its auto production capacity wildly to become the nation's No. 1 auto manufacturer.

The higher they climbed, the worse they fell naturally!"

Livermore nodded and agreed with Stuart's view: "Prior to Robbers Securities and Wall Street Bank criticized Ford and Chrysler's conservative business strategies. Now it seems that being conservative also has advantages and low risks."

Having said that, he shook his head. If Morgan and DuPont didn't rescue them, General Motors would be doomed!

Before the stock market crash, Chrysler Automobiles had been prepared. By rectifying its financial and stock market operations, it prepared a generous amount of capital in advance, and the situation would definitely be much better than other automakers.

The wind is blowing, and the chill from the Atlantic Ocean is covering Manhattan. What's colder than the weather is that the savings of countless investors will be wiped out. They will be driven out of the house, homeless, and family after family will be broken!

The real industry will be hit hard by the financial crisis, and the banking and financial industry will bear the brunt.

The Kuhnlob Company has lost miserably in investing in copper mines and steel companies, but they have not lost all without jumping off the building.It's hard to say for others.

boom!

On Wall Street, the president of Goldman Sachs jumped off the building, lying head down on the ground, blood slowly staining the optimistic words of the experts on the Wall Street newspaper.

The news spread quickly on Wall Street. What is certain is that he is not the first, let alone the last, but he is just the more famous hapless in the tide of jumping off buildings.

"President Goldman Sachs jumped off the building and died!"

Livermore came to Situ Nan excitedly, his expression excited.

Looking at Livermore with an excited look, Situ Nan knew that this guy has always been a gambler, and thought: The speculative Goldman Sachs is over. You are so excited, do you know that you are the most speculative person on Wall Street?

All that is gained from speculation today may also be lost in the next speculation.

He said earnestly and earnestly: "Greed is the devil, this is the best opportunity for bears. After this stock market crash, the China Securities Regulatory Commission will undergo fundamental changes, so remember it!"

Livermore was startled, staring at Situ Nan for a moment, feeling that he was not joking, and then nodded subconsciously, and quickly put Situ Nan's warning behind him.

The bankruptcy of Goldman Sachs is imminent, which may be good news. William Financial Holdings came forward and acquired the company soon, and then replaced the company with a conservative and rigorous management team.

Goldman Sachs has risen again, and that is already 20 or 30 years later.

"An unprecedented disaster, Wall Street is a disaster for the whole world."

Upon meeting, Graham turned to Situ Nandao with a solemn expression.

Just yesterday, 10 banks on Wall Street failed, and this is just the beginning. More and more banks will not survive the next wave of bank failures.