"Right, right, right! If I sell it now, won't I lose money? You all know springs, right? Press it back first, and then it will bounce higher."
"There must be big speculators behind soybean futures. They have driven up the price of soybeans and will not allow it to fall. It will definitely be propped up."
…
Faced with the decline in soybean futures prices, these investors were able to remain calm at the beginning and use various professional techniques to hypnotize and comfort themselves.
But when soybean futures prices plummeted back to $8, their pre-surge levels, they all panicked.
"Sell it! If I don't sell it, I'll lose all my deposit. That's the money I just borrowed by mortgaging my house!"
"You can't sell it! If you sell it now, you will really lose money. Wait a little longer, and it will go back up in value, then it will be fine."
“Can it really go back up? What if it falls again?”
"It's impossible for it to fall further. It's already fallen so much."
…
Some investors could not withstand such a sharp drop and had to sell their stocks at a loss, losing at least 50% of their funds.
But more investors still have confidence in the soybean market, believing that there are market makers behind the scenes speculating and that it will definitely rise again.
How could they know that it is precisely because of the bankers manipulating the market that there will be repeated fluctuations, ups and downs, causing those of you who want to follow the trend and speculate to lose all your money.
Crash!
When the soybean futures price fell again to $7.5, the Chicago Mercantile Exchange was already filled with cries of grief.
Because most of their entry prices are much higher than this price.
When they wanted to sell quickly to stop the loss, they found that the price had fallen below 7% of their cost, and all their margin was lost. The investors who had excitedly invested in the market all lost all their money.
However, even so, soybean prices continue to fall.
The Hunt brothers are not satisfied with killing the shorts and longs who entered the market in the past few days, as well as some longs who had previously seen the trend and followed the market.
They want to drive the price down to $7 and force the bulls to cut their losses and leave the market.
"Hurry! Sell them all. Not a single order left. Damn it. If I had known I should have sold them at $8.5. I'll lose $30,000 if I sell them now..."
"Oh! God, why didn't you tell me that $8.5 was the peak price of soybean futures? Now it's over! It's all over. Only half of my margin is left. Sell it quickly. If I don't sell it, it will probably fall back to $6 at the beginning of the year..."
…
Looking at the soybean futures prices plummeting like a waterfall, the only remaining hopes in investors' hearts have been shattered.
They were so terrified that they rushed to sell the few contracts they had. In order to prevent their positions from being liquidated, they even rushed to the window and liquidated their positions immediately at a price slightly lower than the current price.
Bang!
The TV screen turned and an extremely bloody scene appeared.
Someone jumped down from a high-rise hotel nearby. He was wearing a neat suit and tie, and should have been a successful financial person.
However, he lost his life's wealth and reputation in today's soybean futures price fluctuations.
Bang! Bang! Bang…
Then, there were several more jumps.
I don’t know if it was the first person who jumped that gave courage to those who followed.
The TV reporter immediately asked the cameraman to focus the camera on this exciting and bloody scene.
It is conceivable that such shocking and exciting scenes will definitely cause the ratings to soar immediately.
This moment...
There was dead silence in the Chicago Futures Exchange.
All the investors looked at the corpses on the ground outside, their faces turned pale and their hearts sank.
Although these dead people were not them, they felt that they were themselves.
And this news reached the capital city on the other side of the ocean a few minutes later.
"Commander, just now...just now, New York TV reported that in front of the Chicago Futures Exchange, investors who went bankrupt due to failed soybean trading jumped from high-rise buildings one after another, and the front of the exchange was full of corpses..."
When the staff member who answered the phone told him this cruel and realistic news, the atmosphere in the entire office suddenly dropped to freezing point.
Inside the office, there were several solemn paintings and calligraphy hanging on the walls, and the lights were a little dim. Everyone was sitting in their respective seats, and after hearing the news, they were all stunned, as if even time had frozen.
At this moment, everyone seemed to see a terrible beast called capitalism, rushing towards them with its bloody mouth wide open.
…
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