Victory in Life
Chapter 180
In the futures market, one can decide whether they want to buy or sell, in other words, to take an up or down position.
It's a simple idea, taking a position up means you're sure the stock index will increase, so when that happens, you get a profit.
Taking a down position means that you believe the index will go down, so when that happens, you make a profit.
Overall, it is a gamble whether the stock index will go down or up.
Jasper believed that Hansel's Index was going down, so he chose to take a down position.
In fact, the fall of the Hansel Index is a trend that even God cannot change.
Figurative tsunamis have appeared at sea level, and the only thing anyone can do now is run as high as possible because stopping a tsunami is impossible.
With both Weresoft losing its Antimonopoly lawsuit and Barron's article, grief filled the Harbor City stock market.
The whole market is starting to collapse, and retail investors are trying to escape, everyone is selling their own shares, but where will they find investors who will take over the market at such a time?
For a stock to be sold, it first takes someone to buy it or the transaction cannot be completed without anyone buying a fall in price is the only result!
Harbor shares now and stock markets around the world are facing the same situation.
Countless stocks dropped drastically and hence lowered the stock index as a whole.
Almost every stock price goes down.
Many people held their heads in disbelief at the current situation of the Stock Harbor trading market, lamentations, sobs, screams, and shouts filled the city.
It was one of absolute chaos.
At the same time, media companies are trying to report the latest news from the stock market as quickly as possible.
Now the whole world knows that the dot com bubble has erupted.
Such a situation only raises more fear.
The Harbor City government quickly held an emergency press conference stating that they would do everything in their power to guarantee the safety of investor funds while providing a series of favorable measures for internet companies.
However with the panic trend spreading throughout the market, the Harbor City government press conference did not produce any effect.
The stock price continues to fall.
The decline in stock indexes is beyond anything anyone has ever seen.
Like a nightmare, it reminds Harbor City investors of the horrific memories of the financial tsunami three years ago.
Every citizen must pay for the economic impact of one district.
The easiest and simplest result is that the company's market price will drop too low, thus causing their cash flow to drop and lastly the company closes, the first thing that happens is the dismissal of the employee.
After job loss, employees no longer have economic income and the financial stability of their entire family will be threatened.
Too many people will lose their jobs, and the worst, as well as the most immediate result, is social chaos.
Similar tragic consequences have occurred overseas before.
Citizens fear.
In less than half a trading day, the Hansel Index continued to fall by the time the market closed for the day, the Hansel Index dropped to 14,979 points!
At the time, everyone knew Stock Harbor was a mess.
Those who took the ascending position had lost everything in this war, to the point that their only defense they could do was to watch, those who took a down position celebrating with glee.
They are tasting the fruits of their victory.
At Law Manor, Jasper took a deep breath as the stock market closed.
"Report," Jasper ordered.
Zack blushed with excitement, he had never felt so elated for more than ten years since he started working in the industry.