1989 was the craziest year for Japan. In this year, Japan's stock market has crossed important thresholds such as 30,000, 35,000, 36,000, and 37,000 points in a row, and the Japanese stock market has not stopped at all, and is steadily moving towards 38,000 points.

Duration.

In a rare move, officials of the Bank of Japan (Japan's central bank) expressed concern about the current inflation problem in the country and hinted that further interest rate hikes would be considered, but the news did not dampen investors' enthusiasm and confidence in the stock market!

Supported by strong expectations, the Nikkei index soared all the way, breaking through 38,000 points on December 12, the third day of the central bank's statement. Despite the sharp shocks, it remained firmly above 38,000 points.

And that's not all......

The Japanese stock market seems to have an inexhaustible upward momentum, after rushing to the psychological mark of 38,000 points, the Nikkei index has not stopped, and is still soaring on the road of rising, the momentum is very rapid, look at the crazy posture, breaking through the 39,000 points, or even the 40,000 points mark is not a dream.

Investors in the market are also full of expectations for this, and the call for breaking through 40,000 points by the end of the year is very high!

It can be described as a lot of anti-hospitality, a lot of anticipation...... Countless investors are eagerly waiting for the Nikkei to break through the 40,000-point mark.

The news media around the world are furiously reporting on the "Japanese stock market myth".

As Tang Bao observed, only the Nikkei constituent stocks in the Japanese stock market are still soaring, and a large number of non-constituent stocks have long been weak, and even some stocks are falling. It's just that the attention of the vast majority of investors is attracted by the miracle "Nikkei", who will pay attention to the life and death of those small-cap stocks.

"Keep adding to your position!"

The Nikkei index broke through 38,000 points, and Tang Bao suffered a floating loss of nearly $500 million in the futures market, but Tang Bao was not affected in any way and decisively ordered to increase his position.

Forthwith.

Capps and Legge didn't hesitate. Directing dozens of traders to act quickly, constantly increasing their positions in short Nikkei.

The sudden appearance of short orders did not lead to the direction of the Nikkei, because bullish investors have strong confidence in the Nikkei index rushing to 40,000 points, and when they found short orders in the market, the bulls responded as soon as possible, and took them all without hesitation.

In less than half an hour, more than 20,000 empty orders were added to the trading accounts of Legger, Cappus and others......

"It's all closed so soon?" Legge glanced at the computer screen in surprise, then turned to look at Tang Bao.

"Go on, add to your position!"

Tang Bao smiled indifferently. Give orders. The opponent engaged so decisively, he was too late to be happy, how could he be afraid.

"Boss, the trading volume of Nikkei futures has soared in recent times, and if we rashly sell a large short order, the opponent may be aware of our existence." Legge cautiously reminded Tang Bao.

"Hmm."

Tang Bao nodded lightly, he naturally understood this truth, but more and more Nikkei futures short orders appeared, making Tang Bao realize that the war was about to break out. "You all try to speed up the opening of positions. If you are accidentally detected by your opponent, there is no way to do it. The whole thing is hidden behind the scenes, I'm afraid it's unrealistic! ”

"Understood."

Kapuse, Legger, and the others nodded their heads.

……

The Japanese stock market is still rising! No, or the Nikkei is a little more accurate.

The Nikkei futures market is on the verge of a storm. International capital continues to gather, and the trading volume of the Nikkei index has risen rapidly. Up to now, Tang Bao has held more than 500,000 Nikkei futures contracts through hundreds of trading accounts. And it's still counting.

Nikkei futures trading volume has skyrocketed, even briefly surpassing that of the Singapore Financial Exchange, although some have noticed this anomaly. But I didn't pay much attention to it.

At the end of the year, all investors focused on the Nikkei, and everyone was eagerly waiting for the Nikkei to break the 40,000-point mark in the last few weeks...... Waiting for another exciting "miracle" for the Japanese stock market.

December 22, 1990.

This is a day that deserves a lot of attention from investors. On this day, Mie Noyasu, who had previously advocated suppressing Japan's economic bubble at all costs, succeeded Sumita as the 26th governor of the Bank of Japan (governor of the Bank of Japan). At the inauguration ceremony, Mie Noyasu made no secret of the fact that the Japanese economy needs to cool down, and that he will introduce a monetary policy aimed at achieving "economic growth without inflation."

It is worth mentioning.

Japan's rapid shift in monetary policy, with two consecutive rate hikes in May and October, was prompted by this tireless push.

Originally.

With such a figure as the governor of the Bank of Japan and such a strong signal at the inauguration ceremony, the stock market should plummet. Even if it doesn't fall, the upward momentum should be stopped for a while.

But.

The performance of the Japanese stock market surprised countless market analysts, and on the same day, the Japanese stock market was not affected by this bad news at all, and the Nikkei index rushed to 38410.63 points, up 208 points!

Next.

The Japanese stock market continued to soar, with the highest point exceeding 28,600 points at one point, and finally staying at 38,535 points, up 125 points from the previous trading day.

Day 3.

The Nikkei index climbed to another peak, rising 260 points to a high of 38,795 points.

……

Not to be outdone, Mie Yeyasu announced on his fourth day in office, Christmas Day, raising interest rates by 50 basis points, from 3.75% to 4.25%.

The Bank of Japan's interest rate hike came without warning, but it seems to be reasonable.

This.

The Japanese stock market also could not calmly respond to the news of the rate hike, and the Nikkei index had already risen by more than 100 points before the central bank announced the rate hike, and even had a chance to break through the 39,000-point mark. However, when the news of the interest rate hike came, the situation in the Japanese stock market took a sharp turn, and the pace of growth finally stopped.

By the end of the session, the Nikkei stopped at 38,799 points, up only slightly by four points, which can be regarded as a continuation of the myth of seven consecutive weeks of rise!

That's right.

The Nikkei has been rising since the beginning of November, and it has not fallen for a day. Carefully calculated, the Nikkei index has skyrocketed by nearly 4,000 points in more than seven weeks, and with such rapid momentum, it is not impossible to break through the much-anticipated 40,000-point mark before the arrival of the new year.

Pity.

This swift and indomitable momentum was ruthlessly suppressed by Mie Yeyasu.

……

"Ha, boss, the Bank of Japan has raised interest rates." Seeing the news report, Kapuz laughed. It is self-evident what it means for Japanese investors to frantically expect the Nikkei to break through the critical point of 40,000 points, and the Bank of Japan suddenly raised interest rates.

"Yes, even if the Nikkei didn't fall, it only rose by four points today, and it's already the end ......of the crossbow," Legge said excitedly.

Before.

Both Legge and Capuz faithfully executed their orders to short Nikkei futures, but when they saw the rising Nikkei and the Japanese stock market, which was full of confidence, they were a little uncertain and did not see hope...... But the impact of the central bank's interest rate hike on the stock market today, they see the light of the Nikkei plummeting.

"Boss, this is the best Christmas present we have ever received!" Legge said with a laugh.

Hear the words.

The traders sitting in front of the computer burst into laughter, and Legge was right, it was the perfect Christmas gift they had ever received.

Although these traders are hired and instructed to operate, their profits and losses have little to do with them. But even if it's an inconsequential little shrimp, you don't want to fail.

"The news of the Bank of Japan's interest rate hike only came out near the end of stock market trading, and it has not yet been completely fermented, and there is a great possibility that the stock market will plummet tomorrow." "This is a rare opportunity to suppress the Nikkei, and I believe that the bears will not miss this once-in-a-lifetime opportunity in vain." And the bulls are only afraid and will not sit still, tomorrow's Nikkei index market, it is estimated that it will not be calm......"

Tang Bao nodded in agreement.

Recently, the long and short sides of Nikkei futures have engaged in several silent battles, all of which ended in a fiasco for the bears. This is a rare opportunity that the bears will not fail to take advantage of...... (To be continued......)