1928: The rise of giant merchants

When the market closed on October 29, the Dow Jones Index fell to 108.27 points, the lowest in history, more than 280 points lower than the peak of 390 points, which is simply incredible.

Before the market closed, Ye Luo asked Huixin to send a fax to the four Livermore people, asking them to close all their positions——

Their empty war was over.

The bubble in the U.S. stock market burst. As the person who burst it with his own hands, Ye Luo made a lot of money, and it was time to stop.

Livermore and others did not understand his thoughts. The stock market was obviously going in the direction he expected, so why did it stop at this stage?

Wouldn't it be possible to make more by continuing to short-sell, or waiting for opportunities to buy low prices?

However, Ye Luo's previous plans and actions have made them decide that only Ye Luo will follow his lead. Since he said it's time to stop, then let's stop.

Everyone closed their positions as quickly as possible and evacuated all funds from US stocks.

This wave of short capital leaving the stock market is like pulling out the last breath from the U.S. stock market.

The companies they shorted, such as U.S. Steel and General Electric, have completely lost the trust of the public and are in ruins. No one is willing to buy them even at a price of US$5 million.

After closing his position, Livermore quietly looked at Wall Street not far away through the glass window.

He felt that he had completed his life. This was the pinnacle moment of his life and the pinnacle in the history of financial transactions. This year, he was 52 years old.

According to Ye Luo's wishes, starting tomorrow and the day after tomorrow, he will, as the leader of the short-selling group, meet with reporters from many newspapers and magazines, hold a press conference, and serve as a shield to stand in front of Ye Luo and others.

There is no other way.

Who makes Ye Luo, Old Joseph, Ma Mourui, and Little John unfit to step in and block the gun?

Ye Luo also expressed his sincerity and asked his woman Huixin to "marry" him and with him to withstand the storm and criticism from all over the United States.

Dong dong dong——

There was a knock on the door.

The sexy female secretary approached with cat steps: "Boss, the information and documents you want are all ready."

"Well, the divorce agreement has also been sent?" Livermore's mouth twitched slightly.

"Yes, I sent it to Madam as you requested." The female secretary's eyes lit up.

She is one of the few people who knows that Livermore has made a lot of money from this wave of U.S. stocks.

Now that he is getting divorced, doesn't that mean he has an opportunity?

"I will pay the divorce fees and alimony as agreed, but if she insists on going to court, I will stay with her until the end."

Livermore had little interest in this wife who had an arranged marriage, and naturally he would not tell her the underlying cause of the matter.

The woman would probably make a scene, especially after learning that the person who replaced her was a Chinese woman.

"Oh, it's all chicken feathers." Livermore muttered quietly, but thinking about the dollars lying quietly in his account, his mood improved again.

"I understand, I will inform Madam." The female secretary's voice became more cheerful.

"Oh, by the way, I will invite reporters from the New York Times and the National Economic News to the company headquarters tomorrow and tell them that I will hold a press conference and make headlines for these two newspapers."

Livermore called to the female secretary who was about to leave.

"Also, I will get married this week, please help me arrange the content of the wedding."

"Get married?! Are you getting married this week?" The female secretary's voice suddenly rose an octave.

She looked at Livermore in disbelief.

A fifty-two-year-old guy actually fell in love secretly?

When no one knows?

"Yes, the other party is the former president of Hongxing United Group, Rose DeWittbuckett." Livermore said the name with difficulty.

He is as old as Huixin's father.

"Ah! Is it Mrs. Dewitbucket?" The female secretary was so surprised that she covered her mouth with her hands, not knowing how to react.

That is a female socialite who suddenly became famous in the upper class society of the United States this year.

He is also a well-known entrepreneur and financier.

Are they getting married?

The female secretary subconsciously thought that it was because the two of them had joined forces to short-sell U.S. stocks, and now they had to integrate their assets together, and they might do a big business.

"Well, anyway, just hurry up and make arrangements. The Dewitbucket family also needs to send someone to talk to them."

Livermore waved his hand.

The next day.

Livermore held a press conference and disclosed two major events that instantly shocked the United States.

This trader who had sworn to deny the existence of a short-selling group and swore on the honor of his family has now admitted that he is the mastermind behind short-selling U.S. stocks!

Countless speculators who have not yet reached the rooftops have realized the dangers of the financial world and the ruthlessness of the upper class.

In the Republic of China, it would be equivalent to swearing by the eighteenth generation of our ancestors while doing bad things.

There is no one left.

Livermore didn’t believe in God anyway, and he felt that speculators who were willing to listen to financiers’ lies were fools.

Another thing is shocking enough.

He was actually getting married to Mrs. Rose DeWittbucket on November 4th.

This news was even more shocking than the sudden news of President Hoover's death.

But soon, the more sensitive investors realized that this was a show.

It is most likely that Mrs. DeWitt Bookett teamed up with Livermore to short-sell U.S. stocks, and then merged assets through marriage, making the Livermore family one of the top five chaebol families in the United States.

The first to be shocked and disturbed were the established plutocratic families such as the Morgan Consortium and the Rockefeller Consortium.

They have controlled all walks of life in the United States for a long time, and naturally they do not want a new family to rise to take a share of the pie.

But at this time, none of them knew exactly how much money Livermore had made in U.S. stocks.

If the number is too much than they imagined, then there will be no way to prevent this from happening.

The only advantage these consortiums have in this crisis is that they have the experience to retreat in time.

That afternoon, Rockefeller, who had originally made an appointment with Ye Luo to play golf and then go to Hollywood to sleep with a female star, suddenly canceled his evening trip because of something unforeseen.

After receiving the call, Ye Luo was stunned for a moment.

"According to the original history, not long after, at Hoover's request, the Rockefeller Foundation began to enter the market to rescue the market, and the bear market in October came to an end. Although the stock market was still sluggish, it was no longer suitable to enter the market for short and long positions."

Ye Luo was thinking about the future and had some doubts.

"In the original history, it was the White House that intervened and asked Livermore not to continue short selling, which stopped the decline. I retreated first and let Livermore step in, but I didn't expect that it indirectly contributed to these things."

He didn't know whether to say that fate was magical enough, or that there was reincarnation in the way of heaven.

Anyway, this wave of evacuation is no problem.

"Let's first see how much money we made in total." Ye Luo geared up and came to the trading department of the New York Stock Exchange and asked to transfer all the funds in the account to Huixin's bank account.