Chapter 651 Take a breath

   "Damn, who the **** leaked that email? I'm going to fire him, I'm going to fire this son of a bitch!"

  As soon as the market opened on Thursday, Stanley's stock was under heavy selling pressure again. Along with the stock price drop, an internal memo email from John Mark was exposed by the media yesterday.

  In this not-so-long email, John Mark wrote angrily:

“…I am very aware of what is going on here. We are in a market dominated by fear and rumours, and short sellers are taking the opportunity to suppress our shares. But I want you to know that the management board and I are actively taking Any possible way to stop this irresponsible ugliness..."

  Originally, this email was sent by John Mark to internal employees, and it was only circulated within Stanley. But I don't know which link went wrong, and the content of this email appeared on the page of "New York Times" verbatim. Whether the letter was leaked or published in the "New York Times", John Mark was extremely embarrassed.

An asset management manager within Stanley once participated in the battle for the management of The New York Times, which caused the family that controlled the New York Times to withdraw funds from Stanley as a support for its own employees. John Mark Remove The New York Times from Stanley & Company's reference media.

   And now they turned out to be the ones who obtained the internal information of their company, how could this not embarrass and shock him?

   But at this time, he has no time to think about the "New York Times", because more serious problems are already in front of him.

   "Big trouble, very big trouble!"

  Stanley's chief financial officer, Colm Kelleher, hurried into John Mark's office, yelling, "They're starting to withdraw their funds."

  As a top investment bank, Stanley's brokerage clients are all over the world's major institutions, and short-selling hedge funds are no exception. And John Mark's remarks undoubtedly offended this group. Whether it is protest or revenge, these funds have to respond to John Mark's words, and the withdrawal of funds from Stanley is their action.

"So fast?"

  John Mark's face changed, and he immediately lost his composure.

  Originally, due to various rumors, the outside world began to have a credit crisis for Stanley. And at this time, John Mark, who was in a hurry to go to the doctor, made another bad move, which offended a group with an extremely large amount of funds. You must know that on Wall Street, there are not many hedge funds that do not use short-selling strategies. The difference is only in the strength of short-selling. In doing so, he almost offended all hedge funds.

  The only thing that surprised John Mark now is that the other party's reaction turned out to be so fast!

"They don't know if they are crazy or for some other reason. They just simply hedged on other securities and gave up our brokerage account!" Colm shook his head straight, his face so gloomy that he could almost drip water, "the number It's just huge, and I think we'll be good to go until Friday."

"what?"

   Now John Mark was completely shocked. It only took a few days to go from having more than 170 billion US dollars in liquidity to bankruptcy? This situation has never been seen in his decades of professional career.

   No, we must support it until the end of this week!

"Release the news, we are in contact with Citibank, Wachovia, and investors from China." Soon John Mark made a decision that later proved to be extremely correct, "Also, no matter what, although Financing an emergency loan, we must support it until the end of this week."

   "Yes!" Colm nodded. He really wanted to ask, even if he lasted until the weekend, what should he do after that. But since John Mark didn't say anything, his throat moved, but he still didn't ask. He knew that John Mark must have follow-up arrangements.

   "Let's go, it's time to give our lad a little confidence and courage!"

  John Mark looked in the mirror, straightened his clothes, and then turned his head, looking confident. Where was the panic and uneasiness just now? He is due to speak to Stanley's global division shortly, encouraging employees who are currently in a state of panic.

  …

   Coincidentally, like the employees of Stanley Company, the employees of Goodman Company are also in extreme panic at this time.

  High-level meetings are no longer held in the conference room on the top floor, but in a corner of the trading floor, so that directors can understand what is happening in the market at the first time through the glass. In order to save time, Blankfein's office was simply moved to the side of the trading floor.

  Although the traders at this time were staring at the disk and the Bloomberg terminal, all of them looked listless, and the entire hall was lifeless. Blankfein knew very well that the traders knew what the current situation was.

   “Another hedge fund is pulling money from us!”

  Looking at the traders who were hurriedly walking this way outside, Blankfein frowned, and said subconsciously, "Is there no good news?"

  In the past half an hour, Goodman's stock price has fallen from $97 to $86, which has hit the lowest level of Goodman's stock price in 6 years. But the bad news didn't end there. In almost five minutes, a trader rushed to report that a certain hedge fund issued a statement withdrawing funds from Goodman's account. The news of frequent withdrawals has already made Blankfein feel numb. After Druckenmiller withdrew funds regardless of dissuasion, the snowball effect began.

  However, to Blankfein's relief, there was still a steady stream of funds flowing into Goodman's account. Although the outflow and inflow cannot be equal, it can be regarded as slowing down the outflow of funds to a certain extent.

  Boom!

   While Blankfein was still thinking wildly, a sky-shaking noise suddenly erupted in the trading hall. The noise was so loud that it could almost blow over the ceiling. Blankfein hurriedly looked out, and found that the faces of the traders in the hall were filled with excitement, many of them were raising their arms and shouting, and many of them were banging on the table desperately, making thumping sounds. .

  The entire trading floor swept away the dull and gloomy atmosphere just now.

"what happened?"

  Blankefein walked out of the office, and casually pulled the trader passing by, "What's going on? How did this happen?"

"It's Cohen, Steve Cohen!" The trader turned around and saw that it was Blankfein, the big boss. $1.5 billion was transferred into the account. He believed we were fine."

  Steve Cohen and his Seke Capital are also a top existence in the hedge fund industry. When Druckenmiller dumped Goodman, it was undoubtedly a strong positive for Goodman's traders to have such a fund not withdrawing money, but injecting money.

   “Stocks are up too!”

While Blankfein was still thinking about Steve Cohen and Seck Capital, on the monitor in the hall, the stock price of Goodman Company was slowly recovering. It first jumped to $87, and then quickly jumped again. To $90.

"what reason?"

   Blankfein hurried to the nearest trading desk and asked a trader who was also confused. The trader didn't answer immediately, and after working on the Bloomberg terminal for a long time with his hands like flying, he shouted:

   "Britain! Our British friends! They've issued a ban!"

  The stock price rises and falls sometimes, not traders can grasp the reasons at any time. Just like the stock price of Goodman's company rose just now, their own traders didn't understand what was going on. However, after some inspection, the reason was quickly found out.

  The British Financial Services Authority issued a 30-day prohibition on short-selling 29 financial stocks, including Goodman. The rise in Goodman's stock price just now was stimulated by this news.

   Didn't notice that Blankfein was by his side at all. After finding out the reason, the trader jumped onto the table excitedly and shouted loudly: "England! England! England!"

  The emotions of the entire audience were immediately ignited. Under his leadership, the traders began to follow and shout loudly: "England! England! England!"

   But better news is yet to come. Not long after they yelled "England", another unconfirmed news began to circulate in the market, that Paulson was working hard to accomplish a big event.

   "The Ministry of Finance and the Federal Reserve are reevaluating and deciding to adopt a broader plan to ease the crisis!", this is the headline that appeared on Bloomberg News.

   "Lauder, is this true?"

   Until this time, no one realized that Blankfein had been standing by their side. Regarding the authenticity of this news, asking Blankfein is naturally the best choice.

   Blankfein nodded wordlessly. As soon as he saw the news, he realized that Paulson had taken his advice. Now, he can finally breathe a long sigh of relief.

   Seeing Blankfein nod, the traders' emotions were once again ignited. They knew very well the relationship between Paulson and Blankfein, so they naturally knew that he would not lie. Once again, wild celebrations filled the halls.

  Among the noise soaring into the sky, someone who didn’t know who it was suddenly played the American flag “The Star-Spangled Banner” on the speakers of the computer. Soon, a trader jumped onto the table, touched his chest with one hand, and began to sing loudly to the rhythm. Immediately afterwards, the second, third... A total of forty traders jumped onto the table and sang along loudly.

  Although the rest of the people did not jump onto the trading desk, they all put their right hands on their hearts and sang along to the rhythm loudly. Many people still had tears in their eyes, including Blankfein himself.

   Sorry for the delay this time. During this period of time, I went home to attend two relatives’ weddings. I helped out for several days just with the preparation work. Everyone knows that there are many troubles in the countryside. It's another month of silence...I'm too embarrassed to say anything, let's continue to update...By the way, thank you Suzhou Wudajiang, aassddffxx, kalm master, cpower, 8112268536 and other book friends for voting monthly! Thank you book friend ymp200 for your reward!

  

  

  (end of this chapter)