Chapter 467: Coming to Morgan
Every era has its own blue-chip stocks. Thirty years ago, railways, current steel, cars afterwards, electronics after World War II, and the Internet in the 21st century. The stock market always needs this blue-chip stock to be a king. As long as the stock market exists, there will be stocks of such companies, and they can serve as the vane of the stock market.
The most important part of the stock market today is steel-related stocks, namely, two steel companies with a market value of more than 400 million U.S. dollars, Carnegie Steel which Sheffield and Rockefeller took over, and the American steel company merged with Morgan. If there is one more correct, it is the Tennessee Mining and Iron Manufacturing Company in the hands of Morse.
In the United States in the early twentieth century, growth was also based on infrastructure. The demand for steel naturally made steel the most important part of the stock market, so if there is a problem with the stock of the steel company, the stock disaster will really come. Now the bank The run of the industry is out of control. Once the stock market is experiencing problems, the financial industry will run the risk of a crash.
To do things, especially to do bad things, you must start quickly, and you must not drag on the mud. After all, the first rule of the slave master, what is the biggest disadvantage of doing bad things? The answer is not to do bad things.
As a person from an upper class, Morse understood the purpose of Sheffield, broke the stock market, the major banks were run, and once the bankruptcy was liquidated, the depositors who did not get the money could be said to have lost their lives. If the stock market crashes, the entire financial industry will plunge into the abyss. Understanding this point, she looks at Sheffield with a bit of fear. "It's too scary. Why?"
"I've been bankrupted by bankers, failed speculation, and left to grieve others. Mr. Morse, you are really a kind person!" Sheffield sneered sarcastically, "If I knew you as early as possible By the way, the more friends you have, the less commercial competition will be. How good is that? Think of your trust company! "
Trust and investment companies enjoyed many businesses that banks could not operate at the time, and government supervision was very loose. All this led to trust and investment companies excessively absorbing social funds and investing in high-risk industries and stock markets.
The reason for the bubble is the general environment. Heinze and Morse are only one of them. This trend is not brought by the two. Any trust and investment company, if it does not invest most of his funds in the stock market Going, it means that their rate of return will be much lower than other companies in the same industry, which means that his customers will abandon them without hesitation and switch to other trust and investment companies that are willing to invest in the stock market. Go in the arms.
Is a freer environment and greater profits the reason why trust companies are attacked by bankers? Don't pit one time and have pity for others, Morse is so kind.
Hearing the slave-owner's sarcasm, Morse felt ashamed that he still had a conscience? Set the mind, "I want to know the specific way, why should I do this."
"Although this Wall Street Civil War has nothing to do with me, I think this is a good opportunity. But through normal means, I can't fight against a group of bankers with rich financial means. The rules are all set by them now, yes I am very fair, that is, only if the rules do not exist, the crisis will become more serious, and the current rules will be overwhelmed. I and them are at the starting line. "Sheffield opened a bottle of red wine for the few The person poured a glass,
"But once the financial system collapses, it will eventually be passed on to industrial companies." Heinze connected the two sides. Financial institutions and physical companies are not completely fragmented, nor can they be fragmented.
"I still know this basic connection!" Sheffield picked up the wine glass and said easily, "So I don't panic about how much the company's listed part has fallen, and it is transmitted to other industries. I can only basically do it. Do n’t panic. In a short period of time, there may be bankruptcies and unemployment, and SMEs may not be able to bear it, but what about this? But it ’s temporary. When these SMEs are closed, the market will become empty. My company will only It ’s more powerful. And it ’s good for you. If the crisis ends here, a few of you are simply losers and have no other attributes. "
"If the crisis is faster and more violent, and the bankers who attacked you are also losers, aren't you equal? I'm all for your good."
"So I want to take the initiative to let the shares of the Tennessee Mining and Iron Manufacturing Company under my control collapse, bankrupt the last industry in my hand, and complete Mr. William's plan. Isn't that the case?" Morse hummed, and it wasn't too early to benefit, if you thank Field can't come out with certain compensation. How could he agree with this matter?
"Dear Mr. Morse, I can give you five million dollars in cash, not a promise, but cash that you can get right now. When you return to New York, I can immediately cash in Mr. Blair. That kind of stock value, Someone picks up the money, and no one picks up a piece of waste paper. "Sheffield said," You don't do anything now. Tennessee Mining and Steel Corporation's stocks are delisted after ten days. Come out and sell the stocks. If it is the smoothest, you can make the falling stock market avalanche in one day. Think about this issue. "
"Bull kills bulls!" Heinze listened to the slave owner's thoughts and took a breath.
"It's okay to say that, my bull is ready to make no money. After the crisis, whoever has the cash in hand is the real winner." Sheffield could not help giving Heinze a thumbs up, what is professional what? This is called professional!
Bulls kill bulls! It ’s common for stock traders to think that the stock price will rise on the day, so after the opening of the exchange, they are competing to do long trading, but the stock price has not risen sharply. The situation of decline.
Generally speaking, in the stock market, if the bulls are long, then the buyer ’s power is strong, and the stock market will oversupply, the stock price will rise, and the bulls will profit at this time, but if they do If there are too many short sellers, the seller's power will be greater. At this time, oversupply will occur in the market, so the stock price will fall and the short sellers will benefit.
But in fact, killing more is more appropriate for financial attacks. Sheffield will control your future stock market. Anyway, this is the beginning of the century. The industrial base of the United States is so good that it will slow down in a year and a half. Now someone wants to be long, he will follow the other longs, and eliminate all the shorts.
Why the big stock market disasters can't stop, that is, there is a lot of killings, for example, in the stock market of the United States a hundred years later, there are actually many oil country sovereign funds. These sovereign funds are generally small but rich oil country. If the United States is so powerful, control everything. These sovereign funds are placed in the stock market of the United States and serve as a tray. They can also help the United States stabilize the stock market and show loyalty.
However, once the United States is a precursor to an economic crisis, if these sovereign funds feel that a major stock market disaster is about to occur, they will desperately cash out and recover the cash flow as much as possible. General bulls will be killed by these bulls made up of sovereign funds. In order to set out as much cash as possible, no matter who it is, yesterday ’s bulls will become shorts, and the conversion between shorts and longs is always a common thing.
Some forces entered the market and thought they were short, but the bigger forces would treat them as bulls, and the natural identity of the previous bears changed.
"I agree, but it's only really successful. I hope Mr. William will not forget my help. I don't say that I am a victim. It is our fault to pay the tuition at the copper price. I want to restore everything before and count on Mr. William. "" Morse thought for a long time, and on the premise of receiving five million Sheffield's deposit, he took another half of his industry and gambled.
now it's right! Bicycle becomes a motorcycle! Sheffield nodded. "Everyone else is dead, and I am left to occupy the market. Am I the winner? I am the winner. How can I forget you?"
"Let's go back all night!" Now that he has made up his mind, Morse is not nonsense. While the major banks are rushing to deal with the run, another battlefield is launched in the stock market. Since it has been beaten by a group of bankers, let's fight to the end.
"If several gentlemen can fight back to victory, this will be a classic case in the history of finance. Mr. Barney, Mr. Heinzer, Mr. Morse, the success of your counterattack against Jedi will make all financial institutions relish "Sheffield stood up with satisfaction, and everyone was leaving. As a male host, he naturally wanted to give it away.
So far, eight million dollars have been spent on these people, but as long as the final result is good, this slight loss, Sheffield is completely acceptable.
Seeing the backs of the three hurriedly leaving, Sheffield smiled happily, a pair of hands clasped behind his back, and Edith Rockefeller's face pressed against the slave owner's back and rubbed.
"What's the matter?" Sheffield didn't speak softly. Although he didn't like to face his back, he had to divide.
"If the shares of Tennessee Mining and Iron Manufacturing Company plunge, will Carnegie Standards Union be affected by the current status of the steel industry stocks in the stock market?" Edith Rockefeller said with some concern, "So we also Will it not suffer? "
"Good question, but from the point of view of the dispersion of equity, it is not our company that is prone to panic cashing out, but the American Steel Corporation led by Morgan." Sheffield bowed his head and touched Edith Rockefeller's vegetarian hand. Coming to Morgan, it was nice that he was not in the country. "