The Calculation of Trust
The experts’ predictions of a crash.
In truth, they weren’t entirely wrong.
Just how much has it climbed over the past ten years?
The Nasdaq had rocketed a full eightfold.
Not some garbage penny stock—the index itself.
In other words, a bubble.
Thinking that way was perfectly reasonable.
America’s debt had reached an unsustainable level.
“If that suddenly blows…”
“Then it’s Subprime Mortgage Season Two.”
“So it’s dangerous right now, isn’t it?!”
“No.”
“?”
From a rational standpoint, that is.
The more you analyzed it, the more investing in America looked like a risk.
Which is exactly why people think that.
The high-flying investors of Wall Street.
They still couldn’t beat the average return of the S&P 500.
No one knew when this debt-fueled illusion would pop.
You couldn’t just park your money there with peace of mind.
“So it is a fucking bubble!”
“And?”
“Bubbles are destined to burst eventually…”
“So who gets to decide when?”
“Huh?”
By all rights it should have burst long ago.
Pay down some of the debt, deflate the froth that had built up in the asset markets.
But then a recession hits, doesn’t it?
Whether that was the correct policy didn’t matter.
The public—the vast majority of voters—would blame the politicians.
It’s your fault the economy’s shit!
Politicians who hated taking responsibility simply printed money and juiced the economy back to life.
“But the subprime crisis was…”
“That was household debt blowing up.”
“And this time it’s government debt, so it’s different?”
“Exactly.”
Sora’s brain was starting to turn a little.
That was the whole reason they kept raising the debt ceiling and piling on more debt.
They’ll print money even if they have to borrow to do it.
What had been stacked up that way was today’s Nasdaq.
Make no mistake—the American stock market was overheated.
Down twenty-seven percent from the peak?
In reality this was a sandcastle that wouldn’t look strange even if it got cut in half again.
That was why prices that already looked plenty cheap kept getting hammered lower.
Wall Street already knew the truth.
That this absurd stock market would collapse someday.
That the moment might be right now.
There’s a reason economists are terrible investors.
The average P/E of the S&P 500 is this and that~.
America’s current debt situation is such and such~.
Analyze on that basis and you can never buy a single share.
Because the bubble in the asset markets is staring you in the face.
And yet the creature called an investor still hits the buy button.
You have to rewrite your entire way of thinking from the ground up.
“You said it was a bubble.”
“I did.”
“You said it could go lower!”
“I did.”
“Then why…?”
Sora had every right to look bewildered.
Anyone who felt the raw terror of this insane crash with their whole body would react the same way.
You still believe, even in a situation like that.
America was the strongest nation on earth.
No matter what kind of shit they pulled, no other country could so much as squeak about it.
Stock prices had fallen too far.
The economy looked like it was hurting.
And politicians cared about their approval ratings.
“They’re going to print money?”
“That’s what we’re counting on.”
“With this much debt already it won’t be easy…”
“Do you really think the modern financial system piled up astronomical debt on top of proper collateral?”
“?!!”
They just print it.
Politicians never spare a thought for the side effects.
Not my problem?
Those kinds of politicians weren’t unique to Korea.
No—because it was America, they could get away with it.
If any other country printed money like this?
Currency value and diplomatic relations would both get wrecked.
The only country that could pull that kind of pure thuggery and walk away clean.
Because it was the world’s sole superpower.
“What you need to look at in a panic market like this isn’t P/E, interest rates, or the news.”
“Trust.”
“Exactly. Whether America can actually pay its debts.”
The modern financial system was built on top of trust.
If someone suddenly decided to betray everyone…
It collapses like dominoes.
We operate on the assumption that our money is safe.
We even grade soundness with credit ratings.
When you really think about it, it’s a strange business.
Sitting there calculating something as invisible as trust.
Only an investor can do that.
They express the market’s trust in the form of stock prices.
“That’s why I’m buying stocks.”
“…….”
“I believe America can pay its debts. What do you think?”
Investing is an art, not a science.
That saying wasn’t just a metaphor.
No matter how much the era changes.
That was why scholarship and machines could never replace the investor.
A clever computer would never understand it.
Gulp.
She seemed to grasp the meaning; her expression grew serious.
If you wanted to invest in America, you had to change your entire mindset first.
“I… think they can pay.”
“Really?”
“I don’t think the current U.S. government—Trump—is about to change policy.”
U.S. stocks only go up!
That was the envious refrain of people who had lost money in the Korean market.
Of course.
There was never a paradise waiting in the place you ran to.
It was a battlefield where the smartest people on earth put the most money on the line and fought.
Sora was starting to understand, just a little.
How hard it really was to invest in the Nasdaq—to simply entrust your body to the upward trend.
I opened Sora’s HTS.
I pulled her onto my lap so I could see the screen comfortably too.
Her stomach, which I hadn’t touched in a while, had actual abs.
“Most of it’s still in the KOSPI, so I don’t have a ton of cash…”
“How about options, then?”
“Options?!”
All those days of shaking her ass had been worth it.
If I just shoved it in, the walls would clamp down from every direction.
If I made her do Kegels on top of that, her pussy would crush me to death.
Sora had a body that looked ready to devour a man, yet she was still terrified of being devoured by the stock market.
“Options aren’t automatically dangerous.”
“I’m not falling for that.”
“There’s even a way to always win.”
“?”
She lacked experience.
One hand on the mouse, the other slipped a finger into the hole inside her panties.
I executed the buy for her.
I bought call-option contracts with half of the ten million won she had.
“What’s this ‘always’ crap! If the price drops it just turns into scrap paper!”
“Hear me out to the end.”
“What?”
“I’m buying one more.”
She was so startled her hole clamped down hard.
I thought the joint of my middle finger was going to dislocate.
Good thing I tested with a finger first.
She’d already lost her virginity, yet the squeeze only got better with each passing day.
Her body was teaching itself.
Stocks, on the other hand, were nothing like that.
I taught Sora the ultimate no-lose trading method.
Put-option contracts locked in.
The remaining half was a short bet.
The strategy commonly called bidirectional trading.
“You crazy bastard!”
“This way you can never lose.”
“You can’t win either!”
“Wrong.”
If the stock rose?
The put contracts became scrap, and the call contracts jumped in value by the same amount.
You might think it nets to zero.
Scrap paper.
Because it goes to zero, the loss amount is fixed.
Conversely, the profit on the winning option is unlimited.
“Ah!”
She seemed to grasp the meaning and clamped down again.
She was growing slicker by the second; it looked like she was starting to feel it too.
The texture is fucking incredible.
The walls writhed as if they were alive.
I could feel every single fold, proof of just how well-used she was.
The situation warranted it.
After a full month of nothing but sliding lower, the first signs of a change in the squeeze were appearing.
“Uh, uh, senior, that—!”
“Black Dick Bull Candle just slammed in.”
“Black Dick Bull Candle Sex Launch!”
Sora’s squeeze, too.
That hole that had been clenched so tight was loosening.
Squelch. Squelch.
Even three fingers made it stretch wide open with a wet sound.
Honey poured out through the empty space.
“No black dick here, though.”
“None?”
“Want this instead?”
“Yes!”
She was ready to take it.
The moment I pressed the tip against her entrance, she sucked it in as if she’d been waiting.
Feels like settling for chicken instead of pheasant.
As long as it felt good, that was enough.
The walls clamped down heavily from every direction as they swallowed my cock.
Pressure so intense it felt like her pussy might burst.
Hard to believe this was the same hole that had been dripping a second ago.
“It’s rising a lot.”
“Ah, aaaah♡”
“Better than a Black Dick Bull Candle, right? Oppa’s?”
“I want a Horse Dick Bull Candle.”
Stock prices that had been compressed like a spring.
Funds that had been watching and waiting began flipping their stance one by one.
A 3.3 percent rebound off the lows.
Impressive enough on its own, yet it would only be the starting point of the major uptrend still to come.
That’s why you run bidirectional trades.
A technique used when you suspect the market is at a top or a bottom.
One side turns to scrap paper; the other becomes a lottery ticket.
An account growing fat.
As if linked to it, Sora’s pussy grew soaked and slick with juices.
“Feel good?”
“Of course it does.”
“If it feels that good, I guess we need bidirectional trading here too.”
“?”
Sora could take it just fine.
Once I introduced her to toys she might get addicted.
I’ll eat her from both sides.
She stared at the Nasdaq chart with an ecstatic expression.
In truth it wasn’t something to celebrate purely.
Not from our country’s perspective, at least.
No—it was a burden the entire world would have to carry together.
There is no free lunch in this world.
The enormous money America printed would come back as a boomerang.
It simply wasn’t that time yet.