Chapter 994: Black Monday
Vanguard Financial sent five people to help Mr. Lam train people, foreigners who were clearly more professional than Hong Kongers. Pen @ fun @ pavilion wWw. ļ½ļ½ļ½Uļ½Eć info This also made the students nervous suddenly, and the operation passwords were all in English, which made some people gradually show the gap.
After more than ten days of nervousness, August 25 came, as Lin Johnson said, the United States Dow Jones index ushered in a historic high of 2710 points, just when the market was full of expectations to meet the peak again, but then the U.S. stock market suddenly dropped, the market was stunned, the securities institutions did not have time to react, the stock market has been falling non-stop, to early September, the Dow Jones index fell to around 2550 points.
After that, the U.S. stock market ushered in a small peak, back to 2600 points, and then began to leak again in September, like a sobbing little woman, to September 20 fell below 2500 points, and then began to rise sharply, almost back to 2600 points, in early October, the Dow came to 2620 points, it is obvious that the market has insufficient strength.
At this time, Wall Street has begun to have some understanding, and some shrewd analysts have made predictions that the US stock market may have reached another cycle since World War II.
At this time, John Berg gradually believed that perhaps the U.S. stock market was about to usher in another decline, and as Johnson Lin said, he once again gave an accurate prediction.
However, John, like many Wall Streeters, does not know how far this decline will go and whether it will be as serious as Johnson Lin predicted.
What, the wheels of fate are rolling forward, and any behavior of the mantis arm as a car is beyond its own strength.
When the S&P 500 index began to fall on Friday, October 16, Lin Qiangsheng knew that his opportunity had come, and next Monday happened to be October 19, which coincided with his memory of his previous life, which was the famous "Black Monday"!
He immediately asked Lin Zhen to short all the funds in his hands, and sold a large number of short orders to the market before Friday's close.
The market has been underperforming recently, which has hit the confidence of investors, and the stock market crash in 87 was not sudden, the market has already given people a warning, and many analysts have also launched a thesis that the US stock market will suffer a serious setback, but most people do not realize that the danger is coming so quickly!
Sure enough, the stock market fell sharply on the morning of Monday, October 19, and then plunged straight ahead. An important force rushed to leave the market, joined the wave of selling, and dealt a heavy blow to the market, portfolio insurance (similar to assured insurance, pension funds), they sold a large number of stocks to the market, like fish in a net, panicked to jump back into the water.
Black Monday was crazy, at 9:10 a.m., as soon as the opening bell rang, the Dow Jones index was already down 67 points at the beginning of the display on the screen, and sell orders poured in like a wave.
Less than an hour after opening, the index had fallen 104 points. Due to the large number of orders, the calculations showed that the actual trading was 20 minutes behind, and from the opening to 11 o'clock, the Dow fell in a straight line, and at 2 o'clock in the afternoon, it fell by 250 points. At the close of trading two hours later, the Dow Jones stock index fell 508 points, from point to point, a decline of 22.6%, and lost $503 billion in market value.
On the day, the selling pressure was even worse in the S&P 500 futures market in Chicago, where the December contract plunged 80.75 points to close at 201.5 points, a 28.6% decline.
Lin has watched it hit the trough, and the speculators who did the same thing as him have won the Grand Slam on Friday, and many have already begun to celebrate in advance.
Later, Lin Zhen suddenly received the news and hurriedly walked into Lin Qiangsheng's office: "Boss, the bond market has risen!" ā
When Lin Qiangsheng heard the news, he immediately dropped his mouse and stood up and shouted: "Quick, put all the funds out in the bond market, buy positions, buy them all!" ā
Lin Zhen nodded, and immediately shouted to everyone in the hall: "Buy bond positions!" ā
"Sister Zhen, do you want to buy them all?" Someone asked.
Lin Zhen waved his hand: "Buy them all, buy as much as you can!" ā
Lin Qiangsheng had discussed today's actions with her beforehand, and Lin Zhen really saw that the stock market really dived as predicted by the boss, which added strong confidence to her. Now that you have made a profit on shorting U.S. stocks, the next step is to buy bond positions according to the plan.
Lin Johnson once gave her an analysis that in order to cope with this crash, the Federal Reserve will definitely let the government inject money into banks to calm the market's anxiety, so that the cost of borrowing will be reduced.
If the Fed does what he expects, the bond market will rise, and if the Fed doesn't do anything, there's no reason for it to fall. And when the bond market goes up, it can be used as a signal that the U.S. government is really pumping money into the banks.
Lin Zhen stood in the center of the hall with his chest crossed, patrolling back and forth, staring at the movements of the traders, after more than two months of intense training, 5 people were eliminated, and the remaining 29 people were all elites.
At this time, they were operating with nearly $1 billion in funds and bought the largest bond position in the market.
.....
It can only be said that Lin Johnson made a lot of profits that day and in the following days, and the two-pronged operation method also made him the biggest winner in the US stock market crash, and this operation brought him a return of up to 200%.
Of course, he is not the only winner, for example, Jones's Duze Fund is also one of them, but Jones only earned a fraction of Lin Qiangsheng.
...........
In a luxury villa in Santa Clara, California, there were also some traders, seven or eight people, but these were all young women, and some of them were still very poorly dressed.
In another big room, Lin Qiangsheng was enjoying a massage of a beautiful woman while watching a large TV and a financial program being reported.
At this time, the U.S. stock market was in a panic, the most serious stock market crash since World War II broke out, Americans didn't know what was going on, they were beaten up, why the economy didn't work all of a sudden, the stocks of major companies plummeted by more than 20%, especially the stocks of General Motors, Chrysler, and Ford, and the three major automobile companies plummeted, and the American people who bought these industrial stocks were miserable.
"Bell bell bell..."
The phone rang, Lin Qiangsheng picked it up, it turned out that Lin Zhen was calling, only to hear her say anxiously in the microphone: "Boss, the person we bought in the Duze Fund has been exposed, and that Paul Jones has personally come to Xingshi to ask for the guilt!" ā
"Oh? Is he right there for you? ā
Lin Zhen looked at Paul Jones, who was standing in the hall and looking around, as well as the two tall bodyguards at the door, and whispered to the microphone: "Yes, what should I do, do we need to call the police?" ā
Lin Qiangsheng smiled, patted the plump buttocks of the beautiful woman next to him, and watched her swaying out of the door before saying, "What's the panic, you let him answer the phone." ā
Lin Zhen said to Paul Jones: "Mr. Jones, our boss's phone!" ā
Jones looked at the Asian woman, took the phone and asked directly, "Who are you?" ā
Lin Qiangsheng laughed and said: "Mr. Jones, my surname is Lin, and I have an English name called Johnson, but you probably don't know much about this name, and I don't use it often." ā
Before he could finish speaking, Paul Jones said: "You are Lin Johnson, you made your fortune in the gold market in 80 years, and then founded Dongxing Electronics Company in Silicon Valley, mainly producing computer products and chips, mobile phones, and it also has Compaq and Dell, and now the famous Cisco!" ā
Lin Qiangsheng was surprised: "You know me very well!" ā
Jones looked at the Asian woman in front of him and said, "When I saw your employees, I guessed that no boss in the United States likes to use Chinese so much." ā
"Haha, I see, why did you get to me?" It is no secret that it is true that the majority of Chinese employees in his company in the United States are indeed Chinese, and it is no secret in the United States that Indian executives like to use Indian employees, and black executives like to use black employees.
Paul Jones was a little annoyed, but he still endured and said: "You have bribed a trader in my company, this is a serious violation of me and my company, I can sue you!" ā
Lin Qiangsheng smiled: "Mr. Jones, I am very optimistic about your ability in the financial market, so I used some improper means to get your investment plan, I admit this, I sincerely apologize to you!" ā
Paul Jones didn't want to make a big deal out of it, and when he heard Lin Johnson decisively apologize to him, he was also a little unsure, thought about it and said: "Mr. Lin, you have made a lot of profits in the U.S. stock and bond markets this time, I hope we will not have any misunderstandings in the future, you know, multiple friends are better than multiple opponents!" ā
Lin Qiangsheng regained his smile: "Yes, it's better to be a friend than an enemy." ā
Paul Jones also didn't want to pursue Lin Johnson's bribery of his subordinates, so he said: "Barron's held a symposium in New York, and I invited you to attend, and I hope you can be there so that we can have a good exchange." ā
Lin Qiangsheng asked curiously, "What topic is being discussed?" ā
"Japanese stock market!"
"Okay, I'll go."
"The meeting was held on the afternoon of the 26th, at the Times Square Hotel in New York."
Paul Jones is a trend follower, he likes to make a move, he is very good at listening to other people's opinions, when his opinions are in line with the market, he will decisively stop his actions, and when he meets investors who are better than him, he will observe the actions of others.
Although Lin Qiangsheng does not make many moves in the financial market, he has also studied this investor and knows that Lin Qiangsheng has almost never been defeated, so he has this invitation, which can be regarded as a friendship in disguise, Lin Qiangsheng has no intention of being an enemy of him, and the two hit it off. (To be continued.) )