The War of Resistance Against Japan: Special Operations Battalion Traverses Shanghai and Slaughters

When the reporters saw Livermore appear, they swarmed around him again.

"Mr. Livermore, what is your opinion on the stock market views expressed in the major newspapers today?"

"Mr. Livermore, are you bullish or bearish on the stock market?"

"Mr. Livermore, did you receive some inside information that you've once again entered the stock market?"

"Mr. Livermore, could you tell us how much profit you are currently making?"

Faced with the chattering reporters, Livermore responded with a calm smile.

"Ladies and gentlemen, please be quiet. Regarding your questions, all I can say here is this:"

"I am not optimistic about the current stock market rise, so I have put all my funds into shorting. As for other questions, I have no comment."

After Livermore finished speaking, he pushed through the crowd and strode into the Wall Street Stock Exchange building with his head held high.

Now, the reporters, as if they had uncovered some earth-shattering secret, quickly turned and left.

"If he comes, he'll do a good job. The stock market will definitely open with a large gap down."

"Sir, Americans are human too, they all love money. I spent $30,000 to bribe a lot of journalists and so-called financial experts to write completely opposite comments."

"only……"

"Just what?"

With a worried expression, Wei Ruolai replied, "I just think that if we do this, many stock investors in the United States will be severely impacted, and many may even go bankrupt."

Shen Tunan patted Wei Ruolai on the shoulder and said earnestly.

"If it comes, the financial market will be a battlefield without gunpowder, and it will still be a life-or-death struggle."

"What we are doing this time concerns the future of the country and the nation, so we should not feel pity."

"I also want to remind you that I think what the Dragon Legion Commander said to us back then made a lot of sense."

He said that back then, these Western powers used their powerful ships and cannons to force open our country's doors, and then came in like robbers to plunder at will.

"They not only massacred many of our compatriots, but also plundered huge amounts of wealth and precious cultural relics. They even forced us to sign unequal treaties, ceding territory and paying reparations."

"Commander Long said that what we are doing today is just the beginning. He wants to make these great powers that have humiliated us pay back tenfold or a hundredfold for the crimes they committed."

Wei Ruolai understood these principles, but being kind-hearted by nature, he couldn't help but feel a little reluctant.

“Sir, I understand.”

Shen Tunan nodded: "Remember, those who are not of our kind will surely have different hearts. Some conflicts and struggles are inevitable."

Sure enough, after the stock market opened, the Dow Jones Industrial Average gapped down by more than ten points and continued to fall.

As for individual stocks, the situation was even more dire, with many stocks quickly hitting their daily limit down.

Livermore mentally estimated that the $520 million short position had already yielded a profit of at least $100 million.

"Mr. Shen, you are the true king of Wall Street speculation. Come on, let's celebrate."

Livermore opened a bottle of whiskey, poured three glasses, and offered them to Shen Tunan and Wei Ruolai.

It's no wonder he was so happy, because according to the agreement, Livermore would receive 10% of the profits.

In just over ten days, Livermore went from a bankrupt, dejected old man to a multi-millionaire tycoon.

“Mr. Livermore, please calm down. This is just the beginning. If nothing unexpected happens, the classic legend of you shorting Wall Street stocks and making a fortune of $100 million in nine days will be repeated.”

"Haha, I love history repeating itself! Come on, let's drink..."

While some are celebrating, the financial giants on the other side are already starting to panic.

While Livermore made a fortune of $100 million by shorting stocks in 1929, there was another financial genius who could rival him, Baruch, who successfully escaped the market crash before it peaked and made a profit of $25 million.

At that moment, Baruch was discussing countermeasures with two other financial geniuses, Merrill and Graham.

Both men were prominent figures on Wall Street. Merrill was the founder of Merrill Lynch and introduced the chain store model to the securities brokerage business.

Graham pioneered the concept of securities analysis and applied it to actual trading.

However, all three of them looked worried because they had all heavily invested in stocks, but now not only had all their profits vanished, but they had also lost more than 20% of their principal.

What terrifies them most is that this downward trend seems to have just begun, and they don't know where or when it will stop falling.

After thinking for a while, Baruch suggested, "Why don't we cut our losses and leave the game while we haven't lost too much yet?"

Merriel thought about it and agreed.

“I agree with Mr. Baruch’s suggestion. The trend has suddenly reversed, and I think it is the right choice to stay out of the market and wait and see.”

But Graham firmly disagreed: "No, gentlemen, my securities analysis is correct. I believe this is just a normal adjustment during an uptrend."

"After so many consecutive days of gains, too many profits have been accumulated, and coupled with the bearish comments published in today's newspapers, this has caused a sudden plunge today."

Graham spoke with absolute certainty, and both Baruch and Merrill harbored a sliver of hope, so after a moment's hesitation, they decided to believe Graham.

Unexpectedly, the stock market on Wall Street continued to plummet the next day after the market opened, triggering a panic sell-off.

The trading counters were packed with investors ready to sell their stocks; in this situation, no one dared to buy against the trend.

Therefore, the vast majority of stocks hit their daily limit down.

Baruch and Merrill are now filled with regret, because even though they wanted to cut their losses and leave, they can't now.

Graham was completely dumbfounded. He looked at the huge pile of securities analysis materials in his hand, and in a fit of anger, he tore them all to shreds and threw them into the air.

"No, this makes no sense at all. The stock market shouldn't be falling like this. My analysis all indicates that it should continue to rise."

Seeing Graham's near-madness, Baruch and Meryl could only shake their heads and sigh before turning and leaving.

Thus, the Wall Street stock market plummeted for three consecutive days, and the downward trend finally eased on the fourth day.

Baruch, Merrill, and Graham hurriedly sold off all the stocks they held.

However, all three suffered heavy losses. Baruch invested more than ten million dollars and lost more than five million, while Merrill invested eight million dollars and lost more than four million.

The worst off was Graham, who, despite investing only three million dollars, lost over two million.

This battle forced the three of them to lay low for a long time, and none of them dared to enter the stock market again.

Meanwhile, for Shen Tunan and Livermore, the sharp drop over the past three days turned their 520 million yuan short-selling funds into 1.05 billion yuan.

For Livermore, if he cashed out now, he would receive fifty million.

However, since the target of Longfei's requirement to reach a new low was not met, Shen Tunan plans to continue holding the stock.

Four days passed, and although there were no widespread limit-down days, the Dow Jones Industrial Average and many individual stocks continued to hit new lows.

In just seven days, the Dow Jones Industrial Average has fallen below 100 points.

The 500 million yuan that Shen Tunan brought has now become 1.2 billion yuan in cash.

Livermore was getting impatient. He reminded Shen Tunan that the downward momentum had weakened considerably and that the decline seemed to have stopped for the time being. It was time to cash out and leave.

Shen Tunan certainly wouldn't listen to Livermore. Although Long Fei had authorized him to handle the matter entirely, he hadn't yet achieved Long Fei's goal.

Therefore, Shen Tunan decided to consult Long Fei, and immediately sent a telegram to Song Xiaoan in Shanghai using the contact information left by Long Fei.

Upon receiving the telegram, Song Xiaoan immediately forwarded it to Long Fei, who was still in Shandong.

After reading it, Long Fei instructed Song Xiaoan to send a telegram back to Shen Tunan. The telegram contained only eight characters: "Patience awaits the final blow."