NOVEL NEXT Chapter 124
＜ Collapse. (3) >
A mess ensued.
They started tossing stocks, eager to sell one more penny before the circuit breaker came down faster than anyone else.
“Sell!!! Sell now! I’ll sell all I have! I can’t see the stock right now, you bastard! The circuit breaker will hit soon!”
“ASR! Sell 1000 ASR shares! It’s -14% right now! If the circuit breaker hits soon, I won’t let you go! You bastard!!!!”
“Come on, wait, customer! Time to deal with it!”
“No! It’s already too late! -15%!!!”
Most were institutional investors.
bang! bang! bang!
Institutional investors pounded the window in panic.
“Sell it quickly! Do you know who I am?! I can bury you, so I understand. Sell it quickly! Do you want me to drop you into the Hudson River? Do you want to die?”
“Aww!”
Kudang Tang.
Brokers were dragged around by the collar and frightened to place a sell order, and the stock quickly fell free to -15%.
ASR -15%
NAC -15%
Beepy profit-!
Beepy profit-!
Jack’s eyes lost focus.
Now I’m confused whether it’s a nickname or a siren.
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Only one thing comes to mind.
Sell. have to sell
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Only stocks that have not yet been sold float in the brain and come to mind like a hallucination.
“I, the remaining stock…at 144 shares of the Great Northern…”
calculations are messed up.
Jack felt his head draining.
My pounding heart won’t calm down. How many stocks do I have left?
shit. I was wearing everything I was going to brush off by the ants.
huh. huh.
“…But why am I selling it?”
Suddenly, a creepy vibe came up.
This person rubs my ears. go numb
Even if you tap your drenched ear, you don’t feel it dulled. The shouting crowd rioted, but nothing was heard.
Beep-
The world became quiet.
And reason began to come alive.
“ah.”
Dizziness was circling.
If it was collusion, it was safe.
But when someone beat him to betrayal, he turned around and started running like a crazy dog.
As long as the plate is broken, if it is late, I will not be able to sell it and only I will die.
why did this happen
“…Did you play on someone’s board?”
I was devoured by a momentary panic.
Jack was dizzy.
Who the hell put the New York Stock Exchange in panic?
Who the hell is this size?
For a moment, Jack looked up at the railing on the second floor as if possessed without realizing it.
Alarm bells began to ring in my head.
ㅡ there.
There was a boy.
And next to the boy is the chairman of the New York Stock Exchange…
“…..uh?”
‘Did I see it wrong?’
For a moment, I rubbed my eyes.
saw it again
But somehow, he was the chairman of the New York Stock Exchange.
Jack pointed to the second floor with trembling fingers.
“Sleep… Wait a minute. Why is the New York Stock Exchange Chairman over there…”
at that time.
The boy put his thumbs down.
At the boy’s words, the exchange chairman nodded willingly.
A smile forms on the boy’s face.
The boy looked down on the first floor-
licked his lips.
– This is the end.
“f*ck.”
Jack turned white.
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Only then did he realize.
The fact that he fell into a terrible trap.
‘Paniccell was induced by that guy.’
You should have noticed it was weird from the start.
Why was a large number of panic cells thrown in that situation? Why was the circuit breaker that was not commissioned?
should have been suspicious
Everyone was engulfed in shock and horror, and impulsively swept away by Paniccel.
‘no.’
Jack trembled.
Collusion has already been broken and trust has been shattered. Now nobody trusts each other.
I presume
Now, Paniccel never stops like a runaway locomotive.
‘Everyone was relieved by the safety device called the circuit breaker unconsciously.’
They were hypnotized by the illusion that Circuit Breakers would protect them from panic cells.
They gave up thinking.
If you think about it for a bit, it’s kind of weird.
– Who the hell introduced the circuit breaker?
I got goosebumps.
This was a trap.
It wasn’t the Circuit Breakers who threatened them in the first place.
margin call.
It was a forced liquidation.
‘But now, if the circuit breaker is off…’
How is it?
When the wall that protected them from the broken brake vanishes.
When the support from below disappears.
New York Stock Exchange?
The company’s shares?
“ah.”
dump.
sat down in his seat.
“Oh, no.”
It’s already late.
Beep eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
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Obviously a different siren than before.
The stock price panel, which had been locked, started to move again. Everyone’s eyes turned to the black panel.
Parrak… Pararak…
Para la la la la la la lak…..
Para la la la la la la la la la la la la la la la la la la-!
Tick… Tick.
widely.
Great Northern Railway (some sections) -20%
Union Pacific Railroad (some sections) -17%
Bethlehem Steel -25%
Carnegie Steel -26%.
International Paper Company -15%
America’s Largest Sugar Trust (ASR) -16%
Pacific Post -17%
General Electric -18%.
NAC (U.S. Largest Power Trust) -17%
AT&T -10%
Chicago Gas Company -14%
Qunad Shipping (for Japan) -7%
Investors took a breath.
The -15% line was broken at once.
The stock market started crashing.
“Ahhh….”
The dam was preventing flooding.
The fortress that blocked Panic Cell.
stock market barriers.
“no.”
Circuit breaker turned off.
“…aa!!!”
Jack screamed.
He ruffled his hair and banged his forehead until blood splattered on the floor.
it’s all over
Institutions also began to collapse.
Institutional investors just watched the stock price panel fluttering with dismayed faces.
It seemed as if the black panels were falling like rain.
It was raining on the New York Stock Exchange.
“…a panic.”
like that.
Black Monday.
The first wave hit the New York Stock Exchange.
Now, only the death of the blue knight awaited them.
***
around that time.
The office of the trust company’s headquarters.
rumbling-
“yes?”
A phone started ringing.
“The ringtone is loud. Whose seat is that?”
“This is Jack Sr.’s seat.”
“Oh, he must be on the New York Stock Exchange right now. I can’t take it.”
messed up her hair
Time passed and the ringtone did not go off.
“How do I ring the phone?”
“Ignore it for now. Let’s solve the problem right now. That’s Jack’s business.”
“All right.”
“You go to the director’s office and get some data. I need to analyze the awning shock. Right now!”
“Yes!”
Woodang Tang.
The staff ran all over the place thinking that someone would get it. Paniccel I had to solve the panic in the stock market.
It didn’t matter what the phone’s ringing sound was.
rumbling-
rumbling-
“Write…”
frowned.
The two phones started ringing. Since the New York Stock Exchange was open, the traders’ seats were of course empty.
I couldn’t even take it for granted. It was a place for traders.
“…..yes?”
However.
The phones started ringing more, one by one.
from one to two.
two to three.
three to five.
five to twenty.
rumbling-
rumbling-
rumbling-
rumbling-
rumbling-
rumbling-
rumbling-
rumbling-
rumbling-
…..
rumbling-
click.
“…..Yes, I have connected the phone.”
Unable to bear it, I picked up a nearby handset.
A voice soon rang out, conveying the request in a mechanical tone.
– Jack, the share price of Great Northern Railway has fallen below 35%, so please pay more margin. You signed a 20x leveraged product, so you need a bit more margin. I think you know what happens if the additional margin is not paid within the time limit.
There was a moment of silence over the receiver.
– We will forcibly liquidate all stocks held as collateral.
“Yes?”
I raised my head and looked around.
Then I made eye contact with another employee holding the phone. He took his ear off the receiver and asked, ‘You too?’
He nodded.
“……crazy.”
tuk.
dropped the receiver.
– sir?
All the phone calls to the office.
Debt reminders flooded in from all sides, and trust companies began to shake.
“It’s a margin call! Everyone hang up the phone right now!”
margin call.
forced liquidation.
Their hell has just begun.
***
“What should our New York Financial Settlement Organization do?”
Black Monday, that night.
Wall Street hedge fund.
The chairman of the New York Financial Settlement Board was looking at me.
“Has the margin call started?”
“That’s right. Banks are pushing asset managers.”
“Do you know how much their reserves are?”
“……Yes.”
you know
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Of course, if it’s a payment method, you’ll know.
Even if I averaged it, it wouldn’t even be even 0.1%.
“I know it’s a lot less.”
“Yeah, if you get a margin call, you probably won’t be able to pay off all your debts. You’ll go bankrupt. But they’re going to take their assets. It’s obvious they’re going to send it to a bank somewhere.”
“I will.”
“So, I suggest you.”
I commissioned him.
“Get them out of the payment chain right now.”
Get them out of New York’s financial district.
The chairman was astonished.
“…Then they won’t be able to survive. The bank run will accelerate. Can you afford it?”
“It doesn’t matter. Our big New York banks are well prepared.”
The president of the New York Financial Settlement Organization was worried.
But I smiled brightly.
He pulled out the signatures of bankers Morgan, Rockefeller, Melon, and others from his arms and handed them to him.
The will of New York was firm.
“Anyway, only those places that were managed by the cold-and-hot principle while living with the funds of individual investors will collapse. Those with substantiality and system will survive.”
At this opportunity, all insolvent trust companies will collapse. Their nourishing ginseng establishes a new order on the foundation.
“We will take over 100% of private bank deposits from bankrupt financial institutions from our investment bank. We have enough cash.”
Detroit Investment Bank.
Hedge funds are already big enough, so it’s time to grow them too.
next day.
Bank run bloody winds began to rage in New York’s financial district.
bang-!
Heh heh… heh heh…
“young master.”
James came in urgently, gasping for breath.
“Why but?”
“That, that.”
took a deep breath.
“About 10 trust companies this morning suffered a bank run and filed for bankruptcy. The New York Stock Exchange is plunging again due to the forced liquidation volume.”
New York Wall Street.
Trust companies that were forcibly liquidated by margin calls began to collapse like dominoes one by one.
“okay?”
🥳-
The Wall Street Journal published the morning.
[‘Worst day ever.’ Black Monday is just the beginning.]
[The collapse of Wall Street, the disaster of the bank run has begun.]
[New York City, ‘It’s just a deviation from some trust companies. The New York financial district is healthy, so you don’t have to worry. spurn.’]
[Anxious public opinion. Citizens knocking on bank doors.]
[Where is the future of New York headed?]
[The White House Emergency. The ordeal faced by the next presidential candidate McKinley.]
-The Wall Street Journal (WSJ)
“It seems so.”
bank run.
Financial institutions are facing a crisis. So dark clouds fell on New York’s financial district.
It was a scenario…
“Can a white knight appear soon?”
The original novel is
The main character always appears last.
bang bang!!!
“Give me my money, you motherf*ckers!”
Clang-!
New York Wall Street.
From Tuesday morning, angry crowds flocked to trust companies and bank branches.
＜ Collapse. (3) > end