Chapter 150: This is called bottom fishing

'Is this the Taoist magic from the mysterious East? I really didn't expect that you, a Chinese, would actually collapse this multi-billion dollar s market!' Brooke said to Zhou Ming with great emotion, as if he had heard the end of the world.

Brooke really couldn't believe it. As a senior senator from Massachusetts and a billionaire capitalist, he knew the s market very well, and also understood the capital and companies involved in the game.

Perhaps the subprime mortgage market is just a speculative market, but due to the closely linked insurance, coupled with the hot real estate market itself, and the dominance of the Brighton Bank in the middle, under such a huge market driving force, not to mention the Massachusetts authorities, even the federal government wants to move something, it is not that simple. But I didn't expect it to be so easily collapsed by Zhou Ming. No wonder Brook||||novel can't believe it.

Zhou Ming just laughed and said, 'Actually, this is not really my doing. After all, there were already major problems with the s market itself. But the biggest reason was that the subprime mortgage crisis had caused everyone to lose trust in the s market, so it was particularly vulnerable to manipulation.'

Zhou Ming thought for a moment and then said, 'In other words, this s market may be leading billions of dollars in capital, but it is just a ship that looks big and shiny, but in reality it is already riddled with problems. I only gave it a gentle push and it immediately collapsed.'

Zhou Ming's analogy is undoubtedly a bit exaggerated. At least for now, the subprime mortgage-driven housing market has been booming, and the value of these mortgage-backed securities has been steadily increasing. In fact, the subprime mortgage crisis did not erupt until more than ten years later, which shows that the housing market was just getting started. With the help of the real estate bubble, these mortgage-backed securities became a surefire business.

Brooke nodded silently and said, 'In fact, you are not the first person to analyse the s market in front of me like this, but you are the first to actually do it.'

Perhaps at first glance, Brooke's words were just an ordinary compliment, but in fact, they gave Zhou Ming a very high praise, because a financial genius could see the problems in the s market, and Zhou Ming not only could see it, he could even do it. For this, he could forcibly give those financial experts, scholars and professors a 'so-called' title.

Zhou Ming didn't want to be pretentious, but he really didn't know what to say to Brooke's forced praise, so he just looked up at the le display above the bar and said, 'The price has now reached 3.6 million.'

Brooke's heart stirred and he asked Zhou Ming, 'Are you going to close the net?'

Zhou Ming didn't directly answer this question, but instead asked in return, 'Councilman Brooke, how low do you think the price of the s contract can go?'

Brook shook his head and replied, 'I'm sorry, I can't answer that, because I didn't think anyone would sell a 10 million dollar s contract for 3.6 million in the first place. But if you really want me to give you an answer, I think it might go for 3.3 million.'

Brook sounded very uncertain. Seeing that Zhou Ming didn't say anything, he immediately changed his tone and said, 'It seems that you are very pessimistic about the s market, especially now when prices are falling across the board. Three million is also possible...'

While speaking, Brooke was paying attention to Zhou Ming's expression. Seeing that Zhou Ming just smiled and didn't say anything, he couldn't believe it and said, 'Do you think these s contracts will fall below 2 million? I think this is absolutely impossible. It is almost about to fall below the bottom line of the contract price. If we accept this price, then it will be like doing nothing with our contract transactions!'

'So, Congressman Brooke, what you're thinking is that we should start collecting some s contracts now?' Zhou Ming asked.

Brooke looked at Zhou Ming with some confusion and tentatively said, 'I think this is very safe. I think if you have your own ideas, you can also...'

Before Brooke could finish, Zhou Ming said directly and cheerfully, 'Let's do it then.'

After saying this, Zhou Ming waved his hand to call the waiter and set a list with the waiter that if the price of the s contract dropped to 3.5 million, he would make the acquisition.

Facing Zhou Ming's actions, both the waiter and Brooke were confused. They had no idea what Zhou Ming was trying to do.

The waiter couldn't understand why Zhou Ming, who had clearly come to sell the contract today, and even triggered the market crash directly, was not only stopping the price cuts but also buying up the contract. Brooke, on the other hand, couldn't understand the reason for Zhou Ming's unusual behaviour.

When Ming originally asked what price the contract could be lowered to, this generally meant that Ming judged that the price would continue to fall. Was Ming preparing to buy at a very low price? As an old-time capitalist, Brook himself is also very familiar with this approach, but what he never expected was that Ming would directly accept his proposal and buy the contract at this time.

Why? Does Ming also think that the price of the contract really can't go down anymore?

To a puzzled Brooke, Zhou Ming smiled and said, 'Don't ask any questions, just watch and learn.'

This sentence almost made Brooke spit out a mouthful of blood. If someone else had said this to him, he would have found a hundred ways to respond, but in the face of Zhou Ming, he could only be educated.

Soon an hour passed, and the contract price of 10 million fell to 3.5 million. At the same time, Zhou Ming's trading behavior automatically started.

The waiter hurriedly came over to Zhou Ming and said, 'Hello, sir. You have purchased three contracts from Lewis Investment and two contracts from New Dawn Investment. The total contract price is 10 million US dollars, and you have finally purchased them for 3.5 million.'

Zhou Ming looked up at the LED display above the bar and asked, 'The transaction information should be sent to the two companies soon, right?'

The waiter nodded and said yes. Zhou Ming asked again, 'Then they won't know who the trading partner is for the time being, right?'

The waiter still nodded and said, 'Yes, according to market rules, transactions will be confirmed first, and the trading partners will only know each other when the transaction is actually carried out.'

After confirming his thoughts, Zhou Ming waved his hand to indicate that the waiter could go down first.

'Chinese, I think I understand what you want to do,' said Brooke with a frown. "If I'm not wrong, Ming Zhou, you're doing this to make the price fall further, right?"

As if to prove something, as soon as Brooke's words fell, there was an immediate exclamation of surprise from the side. At this time, if you look up at the le display above the bar, you will see that the price has suddenly jumped to 3.2 million.

'How can this be? The price was clearly still 3.5 million just now, so why has it suddenly become 3.2 million now? And although the price was falling before, it was at least falling by 10,000 dollars at a time, but now it has suddenly fallen by 300,000 dollars, which is unbelievable! Could it be that the market has completely collapsed?"

Amidst the surrounding exclamations, Brook also stood up. He looked at Ming and said, 'It's true. You know that once a contract is sold, it will give others greater hope, and they will sell it at a lower price!'

Zhou Ming spread his hands and said, 'There's nothing I can do about it. After all, if I just let it go, then when those people react, no matter how much they lower the price, no one will buy it. Maybe the price will stop, but if I buy it, it will give them a signal that as long as they continue to lower the price, someone will buy it, so they will continue to lower the price. That's what I want.'

Brooke gasped in shock. He looked at Ming Zhou as if he were a ghost. He simply couldn't imagine how someone could calculate someone else's thoughts so precisely. At that moment, he understood why he had lost to Ming Zhou. At the same time, he regretted how stupid he had been to choose such an opponent in the first place.

Zhou Ming continued to watch the LED display on the bar. As time passed, the number on it continued to decrease. Finally, when the price stopped at 2.9 million US dollars, Zhou Ming once again waved his hand to call the waiter.

'I want to place a purchase contract, and the purchase price is 2.8 million US dollars,' said Zhou Ming.

The waiter nodded and said, 'I understand. So this time, you are still placing five orders of 50 million US dollars each, right?'

Zhou Ming shook his head and replied, 'This time I don't need it. No matter how much it is, as long as the price reaches 2.8 million US dollars, no matter who sells it, I will take it.'

The waiter was stunned: 'No matter how much it is, you will take it all? I can understand your ambition, but this is indeed a very large amount, isn't it?'

Zhou Ming knew exactly what the waiter was thinking, so he took out a cheque and handed it to the waiter, saying, 'There is a deposit of 50 million US dollars on this, which can be withdrawn at any time. Isn't this enough as a guarantee?'

Facing Zhou Ming's words, the waiter's expression looked a bit embarrassed, and he nodded hurriedly, saying that of course there was no problem, and he left while saying this.

Watching the waiter leave, Zhou Ming smiled and said to Brooke, 'Two million eight hundred thousand, I'm afraid that was the price of the initial contract when the s contract was most popular. This is truly a bargain. Didn't I say that, Representative Brooke, you just didn't have the guts to wait until now.'

Brook nodded and said, 'That's true, but now that you've bought s-contracts at a very low price, even more than one, I'm curious what you're going to do with them. If I remember correctly, you caused the subprime mortgage crisis, and you predicted that these s-contracts were worthless, but why are you buying so many now? You know that if your plan doesn't succeed, then you'll have spent all this money for nothing.'

Zhou Ming shrugged and said, 'Then let's just make this plan a success, shall we?'

This sentence left Brooke stunned. Although it was true, as Zhou Ming said, that as long as the plan succeeded, naturally everything would be fine, the question was, could this plan succeed?