Then.

The Japanese stock market has endured violent shocks for more than a week, and many large-cap stocks are like riding a roller coaster, up and down, which is very exciting. Of course, no investor likes this thrill! The bulls and bears not only fought fiercely in the futures market, but also did not relax the competition for the stock market. The fluctuations in the price of large-cap stocks are the result of fierce competition between bulls and bears.

The Nikkei has been fluctuating violently between 39,500 and 40,000 points.

"Huh?"

Seeing that the stock price of Takeda Pharmaceutical Industry only fell by 5%, Tang Bao's brows couldn't help frowning slightly, obviously not very satisfied with this result. "Continue to sell ......"

"Uh, boss, we don't have any Takeda Pharmaceutical shares in our hands." Kate, who has been constantly putting out sell orders, couldn't help but remind.

"30 million shares, all thrown away?" Tang Bao was surprised.

"Hmm. No, the 20,000 shares that have just been sold are the last Takeda Pharmaceutical Industry shares. Kate said, "Boss, are you going to sell the stock naked?" ”

Tang Bao shook his head wordlessly.

Naked short selling is an investment method in which investors sell "non-existent" stocks directly in the market without borrowing stocks in advance, and then buy back the stocks when the stock price falls to obtain the difference. Theoretically, investors can sell stocks that don't exist without restrictions, but this is only theoretically possible, and there are many restrictions in the implementation process. Because it is illegal to sell naked short to suppress the stock price.

The current situation is very obvious, that is, there is a group of bearish investors who are shorting the Japanese stock market and suppressing the stock market. Play according to the rules, even if the Japanese government knows what they are trying to do. However, once a large number of naked stocks are sold short, there is a suspicion of manipulating the stock market, which will undoubtedly send the Japanese government a handle on his words.

Naked short selling is not feasible, and it may be difficult to borrow stocks. At this critical moment of the long and short war, it is difficult to borrow stocks.

Again.

The vast majority of Japanese investors are on the side of the bulls, and it is impossible to allow shares to be lent out and sold.

"Boss, the vast majority of the constituent stocks held have been sold out, and the number of remaining stocks is less than one-third." Kate reminded, a hint of worry in her voice. She knows that Tang Bao has been frantically selling stocks in the past week to suppress the Japanese stock market, but the effect is far from as good as she imagined. Although the Japanese stock market is falling, it is only a slight decline.

Most of Tang Bao's positions in the Nikkei futures market are around 38,000 or 39,000 points. Now, it is still in the red.

"Don't worry, the show is still to come!" Looking at Kate with a worried face, Tang Bao smiled lightly. The stock market is playing with confidence, and now the Japanese stock market is falling, but it has not completely destroyed the confidence of investors, because they are not aware of the danger. It is only when the stock market rebounds and then that the real collapse occurs when investors who are fanatical about the Japanese stock market find that the stock market is not picking up as expected.

Again.

There is a memory of rebirth. Tang Bao knows better than anyone that this time the Japanese stock market will undoubtedly cross!

……

It's the end of another day.

The Nikkei stock average stayed at 39,559, down 33 points.

After the closure of the exchange, the main bears began to communicate intensively. Inform each of them about their current situation. for the next action.

"Damn, these ignorant investors...... Idiot, don't you see the current situation clearly. actually dared to enter the market to buy the bottom. ”

"I sold all the stocks I could sell, and I had less than $500 million left."

"We have also run out of ammunition for the RTM fund."

"Tiger Fund still has 500,000 shares of Honda shares left, and the shares of Honda Motors have risen steadily in the past two days, even if 500,000 shares are sold, it is just a wave in the sea, and it can't turn over a big wave."

……

After some announcements, it is not said that the ammunition is exhausted, but it is not optimistic.

"Holzman, I've heard that George's Quantum Fund has a lot of cash flow, and it would be much easier if you could convince him to join in."

"To tell you the truth, I invited it a long time ago, but he didn't agree. He is preparing a large sum of money, probably waiting for an opportunity to move, intending to fish in troubled waters......" said the hook-nosed man. "However, you don't need to worry, Japan's six major conglomerates used large sums of money to savagely support the market, and it will not change the outcome of the final stock market collapse."

Well?

The hook-nosed man swore so much, could he not have a secret weapon? They inquired about the news, but the hook-nosed man Holzman just smiled and said nothing.

"Hey, old man, what killer is you Goldman Sachs hiding?" At the end of the meeting, the white-haired old man, who felt close to the hook-nosed man Holzman, asked in a low voice.

"Huh. Say what other surprises are there, and you'll be waiting to see it. "Holzman's mouth was tight, and he didn't reveal the slightest.

Although Holzman did not disclose any news, his statement brought great confidence to many financial predators. Everyone regained their confidence and began to continue with the following plan.

Next.

U.S. investment banks led by Goldman Sachs and Morgan Stanley have released market analysis reports, invariably bearish on the Japanese stock market.

Goldman Sachs has not shied away from claiming that Japan's stock market bubble has burst. According to the report, the sharp rise in the Japanese stock market at the end of last year was an irrational "ripening" under the extremely fanatical expectations of investors, and the investor frenzy will gradually cool down, at which point the stock price will plummet devastatingly. The Nikkei briefly breached 40,000 points before falling and producing wild swings, which could be a sign of a stock market crash.

Morgan Stanley's analysis reported that the total market capitalization of the Japanese stock market is 1.6 times its GNP and accounts for 45% of the global stock market capitalization. Since 1985, Japan's stock market has experienced five years of high growth, with stock prices growing at an annual rate of 50%, while real GDP growth in the same period was only 4%, which is seriously detached from economic fundamentals. The average P/E ratio for Japanese stocks is as high as 70 times, while the U.S. stock market is only 12 to 20 times P/E and the average U.K. stock market is 8 to 15 times. In Japan's NTT (Nippon Telegraph and Telephone Company), for example, its current market value far exceeds that of Allianz, BASF Group, BMW, Daimler-Benz, Deutsche Bank and Thyssen Steel Group combined. Reasonable people should understand that this is obviously very unreasonable.

According to the report, the Japanese stock market is like a balloon that is being blown bigger and bigger and infinitely inflated. But this balloon always has a limit to what it can endure, and when it reaches the limit, it will explode with a bang. Those who have been clinging to the balloon. It will be blown to pieces.

Senior market analysts at Citi have warned that Japan's stock market is on the verge of collapse and warned investors to stay away from the country's stock market.

Wells Fargo said privately that it had warned customers to be wary of the hidden crisis in the Japanese stock market.

Salomon Brothers' chief analyst said that the recent earthquake shows that the Japanese stock market has become a leaking balloon, and even if investors continue to invest huge sums of money to raise the stock price, it can only slow down the speed of the balloon drying up, and will not have any meaning to the final result.

……

The analysis reports of these investment banks and commercial banks are quite vague, while the prime ministers of hedge funds are less concerned.

More than a dozen of Wall Street's most well-known hedge fund managers. They have expressed their bearish views on the Japanese economy and bluntly said that the Japanese stock market is collapsing!

So many financial institutions, bankers, and investment managers suddenly stood up and sang short about the Japanese stock market, and many media outlets suddenly began to speculate.

on this.

Japanese investors are not impressed, and the theory of the collapse of the Japanese stock market has been speculated countless times. However, the Japanese stock market has been soaring.

Call.

Seeing that countless international financial institutions began to short the Japanese stock market, the senior management of the six major consortia could not help but look heavy. They know that the opponent is beginning to start with public opinion. Investor confidence has been dampened. In the current situation, investor confidence is very important, and once it is shaken, it will be a shaking of the earth!

"You can't be so passive. We must strengthen the public opinion offensive to gather and strengthen the confidence of investors! Said the president of Mitsubishi Bank.

"That's right."

"Yes."

As soon as the words fell, they were echoed by the others, and they all knew the seriousness of the situation.

Then.

Jiro Kono rushed in with a panicked face. "Ladies and gentlemen, this is news that has just come back from the United States, and it has not yet been reported. But I believe it will spread soon! ”

"Baga, Phoenix Investment Group!" Seeing the news, the faces of everyone in the conference room couldn't help but change. What was the news that made them react like that?

Originally.

Phoenix Investment Group's president Horst made a rare disclosure of his investment, and Phoenix Investment Group has shorted Nikkei futures in large quantities, saying that this is an opportunity to make a fortune, and calling on investors around the world to short the Japanese stock market together.

Ordinary investors are just that, but the well-known Phoenix Investment Group said so, it is extraordinary. Recalling its terrifying record of almost 100 victories, as well as the reality that countless small and medium-sized fund companies have studied and co-invested in the heavy stocks of Phoenix Investment Group, it can be expected that once this call is issued, there will definitely be a group of investors who will follow up and short the Japanese stock market.

……

As expected.

With the release of research and analysis reports by many investment banking institutions and the statement of Phoenix Investment Group, a large number of floating funds have poured into the Japanese stock market. As a result, the Japanese index broke the volatility range of the stalemate for a long time, plummeting 380 points to 39,139 points at the close.

It would be a mistake to think that this is the hidden killer feature of the financial predators.

The next day, 1990, on January 12th.

Goldman Sachs and the Kingdom of Denmark designed and developed a new financial product, Nikkei put warrants, which are listed and traded on U.S. exchanges.

As soon as the product was launched, it was sought after by countless investors and bought in large numbers. When the news came, the Japanese stock market plummeted instantly.

Nikkei put warrants are essentially Nikkei put options. The Nikkei index falls, making money; Otherwise, it's a piece of waste paper.

Before.

Nikkei options are also sold to investors, but only privately, with limited impact. This time, it will be traded directly on the U.S. exchange, which means that investors from all over the world can participate, and the combined power is incomparable. As for Nikkei put warrants, the more the Japanese stock market falls, the more you can earn, so investors have the motivation to suppress the Japanese stock market. Countless investors have come together to suppress the Japanese stock market, and that force is terrifying to think about.

Therefore.

The Nikkei put warrants pushed by Goldman Sachs are tantamount to dropping a financial nuclear bomb on the Japanese stock market! (To be continued......)