Life at The Top novel Chapter 1670

Wall Street’s entry this time fully demonstrated its incomparable strength.

It was still Quantum Fund, but what was different from the last time was that it really regarded JW Foundation as its biggest opponent and it was really unstoppable when it decided to go crazy.

After it entered the game, Jasper’s 10 billion US Dollars was overridden by Quantum Fund. Not only that, JW Foundation’s investment in other oil stocks were all caught one after another.

The current situation was that Quantum Fund had enough stocks and chips due to the accumulation from the previous period.

Hence, it was obvious that Jasper wanted to knock out the United States stock market, but he had to raise the stock price first, and then he would have a chance to go short after buying the stock.

To prevent Jasper from accumulating enough stocks, Quantum Fund began to smash the stock price. This led to an extreme intensification of the conflict between the two sides.

However, Jasper did not care.

In addition to the stock market, there were stock index futures available.

One did not need to actually buy stocks for stock index futures. Since they were futures, they would go short and long as long as one saw fit. One could do this kind of costless trading at any time.

It sounded like it was high and mighty, but it was actually very simple.

If you wanted to short a stock but did not have its stock on hand, then you could borrow the stock from the institution that owned the company’s stock at the current market price and sell it on the market through the futures market.

Once the price dropped, then you just needed to buy the stock in the market with the lowered price and return it to the institution.

This way, the institution earns commissions, fees, and interest, while you would earn the difference after the stock price falls.

A win-win situation.

Who would be the one losing out?

Of course, it was those investors who studied the candlestick chart diligently in the stock market. However, who cares?

“Tank the Dow Jones futures by 200 points in the oil and energy sector and prepare 20 billion US Dollars.”

After Jasper’s order was issued, the stock market’s direction moved.

Quantum Fund reacted immediately. If Jasper went short, they would go long. They would eat up the same amount of orders that Jasper sold.

Therefore, the stock price was always stabilize at a suitable price. The situation suddenly came to a stalemate.

There was no sound as only the occasional violent fluctuations in the stock price were seen.

Although controlled within a small curve, the data that looked like a waterfall as it was refreshed in the trading column still showed that under its huge trading volume, there was a fight of hundreds of billions of dollars in funds between JW Foundation and Quantum Fund.

Huge amounts of funds were being traded and evaporated with every passing minute and second. In this financial war, no one was innocent, and no one could avoid suffering.

Jasper’s expression gradually became serious. He crossed his fingers and rested his chin on his hands. He was looking calmly at the stock data.

Because of his silence, JW Foundation‘s actions slowed down as everyone was waiting for his new order.

“Mr. Laine.”

Jake returned to the trading center and did not even have time to change his clothes. He took off his suit, rolled up his sleeves, and sat in front of the computer to connect with Jasper.