Subprime housing loan packaged financial products in the CDO market have been proven to be undervalued, and their credit ratings have been flooded.

So much so that on Monday, it was frantically sold, with a drop of as much as three points, not to mention that it was only three percent, and the impact was also very large, just like the treasury bonds, which could have brought a four-year rate of return, suddenly had a profit of 1.5 percent, because the volume was too large, and even the stock exchange markets such as the New York Stock Exchange and the NASDAQ turned red.

However, this sharp decline did not last long, and after more than half an hour, it began to climb slowly, after all, the subprime mortgage market did not really collapse, and there were speculators taking over, and the situation was quickly stabilized.

Let's look at the big credit rating companies.

After a weekend of bombardment by the media, the scandal has been deeply rooted in the hearts of the people, directly manifested in the stock exchange market, in the case of Standard & Poor's, the market value of the company quickly plummeted, falling by 6 percent at the opening, and then further down to 11 percent, which is equivalent to erasing all the gains of the past year and a half.

Moody's was not much better, with a drop of just over nine points, and it caused a panic decline, causing many institutions to scramble to close their positions.

In this case, Ye Dongqing instructed his subordinates to close the net and buy a batch of stocks to fill the gap left by the shorting, the specific income cannot be estimated, but with the income brought by shorting several listed investment banks and brokerages, it is expected to be about 400 million US dollars, nearly half of which is owned by Freshwater Investment Group, which indirectly means that it will go into his personal pocket.

Don't look at the lack of money, but it makes Ye Dongqing feel quite excited.

The reason is that more often than not, he just invested step by step, and there were no variables to speak of, but this time he created an excellent investment opportunity by himself, and he succeeded in it, so he felt more fulfilled.

After all, it is still inexperienced, if it is not for the hasty planning of this project, the profit is likely to be doubled!

The reason for their decline is not only because of scandals, but also because of the risk of declining expected profits that comes with the subprime mortgage boom fading.

It's a good thing worth celebrating, so Ye Dongqing opened a bottle of old wine from the nineteenth century, a bottle worth more than 200,000 US dollars, and called several company executives to taste it together.

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Behind every crisis is a tragic game.

Some people think deeply of Ye Dongqing's evaluation, and they do not hesitate to sell subprime mortgage assets at a low price, while others feel that the subprime mortgage market is no problem at all, at least in the short term, so they take advantage of the trough period to increase their positions, hoping to sell at a good price in the near future.

This has led to a sharp increase in the trading volume in the CDO market, and more and more people have taken orders, which has rebounded a lot before noon, and has fallen by almost one point compared with last week, which is already within the acceptable range.

Some people lose money, and naturally some people make money, and this kind of thing can't see the result in the short term, so even if someone loses a little now, they don't feel distressed, and they have successfully avoided possible risks, which can be regarded as spending money to buy peace.

As for the credit rating agencies, with the voice of the Securities and Exchange Commission, the stock price fell further, and there was already a group after a more comprehensive investigation over the weekend, coupled with Ye Dongqing's contribution, depending on the meaning of the Securities and Exchange Commission, it may be to introduce new rules to revise these credit rating agencies to impose more constraints.

This is not about Ye Dongqing, he had closed the position and cashed out before eleven o'clock, although he did not catch the lowest point, but it was already quite good, if he knew that the Securities and Exchange Commission would react so quickly, he would definitely wait, the reason why he closed the position as soon as possible was mainly because he was afraid of a sudden rebound.

Everyone who is engaged in financial business should understand that they can't expect to accurately grasp each highest point to sell, nor can they expect to buy the bottom at the lowest point every time, set a general expectation before investing, and make a prediction in combination with the specific form, and leave quickly after reaching the psychological expectation, no matter what happens next.

The financial predators and financial geniuses who died on the word "black heart" are not just one or two.

After dealing with this, Ye Dongqing left the company again, and asked Laura to meet at the door, put on sunglasses and hats, and then went shopping together on Fifth Avenue.

Mainly Laura buys things, bags, clothes, shoes or something, the things that women like are turned over and that, Ye Dongqing has the help of a private tailor, and the leather shoes are also customized, and finally I only went to Patek Philippe to buy a watch.

In fact, Ye Dongqing is not short of watches, Rolex company gave him a batch, all kinds of watches, I want him to wear more, it is to help publicity, Jaeger-LeCoultre, Piaget, Vacheron Constantin and other companies, also took the initiative to send watches to him, there are so many famous watches at home that he can't put them down, so he specially customized a cabinet wall to place them, and also regarded them as decoration.

In addition, because of his fame, several companies that manufacture sports cars also value his fame, and they do not hesitate to spend money to create a limited edition exclusive sports car for Ye Dongqing, just don't put it in the garage to get dusty.

Just like celebrities don't have to spend their own money to buy clothes and bags, Ye Dongqing also has the capital to be sponsored, ordinary people are worried that no one sends things to him, and he is worried that others give too much.

It is certain that if the news of his child spreads, he will not even have to spend money on milk powder, diapers or anything.

Putting everything in the car, it's snowing again in New York, the weather is good and bad in early February, and the long winter months can be tiring.

At this time, I took the umbrella in the car and continued to go shopping, and went to a Japanese restaurant to eat sushi, during which Laura told her: "I just happened to have a sum of money in my hand recently, do you have time to accompany me to see the house in New York tomorrow?" I have a house in London, and you bought the apartment you gave me before, but you haven't bought it in New York, the Upper East Side, or the Long Island where you live, preferably on the Upper East Side, it's a bit inconvenient to live on Long Island, but the air and environment are better. ”

"Why do you want to buy a house, I have so many rooms that I need more than a dozen nannies to clean up, you can come to New York and live directly with me, or you can also lend you the apartment in Puchuan Building, if you have money, listen to my opinion, and use it to invest and make money." ”

Ye Dongqing sat cross-legged at the low table in the private room, in front of him was about a dozen pieces of bluefin tuna fresh fish fillet, placed on ice, next to the cuttlefish larvae, which can be baked in a small oven by itself, eel rice is also a must-order dish, and there is also a ramen.

After eating so many Michelin restaurants, Ye Dongqing can finally affirm that the tongues of gourmets are different from ordinary people, and the food they think is not necessarily delicious.

The most difficult thing for him to give up is actually the hot pot restaurant and barbecue in Chinatown, but unfortunately Laura can't eat spicy, so he can only come here to deal with a meal......