July 11 is a day destined to be recorded in the history of world finance.

Because on this day, the Wall Street Journal, as the world's largest financial newspaper, released an unprecedented number of blockbuster news, and these news continued to impact the world's financial markets, including the United States, and set off a bloody storm for a while. And the subsequent changes have allowed people to see what it means to be cloud-shaking and changeable.

First, there is the news about Freddie Mac and Fannie Mae, which was confirmed by an anonymous source in the Treasury Department that Secretary Paulson is working with Chairman Bernanke to discuss the feasibility of taking over the "two houses." As a result, there was a great panic in the market, although with the national credit as the backing, there will be no risk of bankruptcy in the bonds, stocks and other securities of the two houses, but when I think of the former Bear Stearns, the stock price of the acquired is almost no different from bankruptcy. This made them suddenly lose confidence in the "two-house" stock and began to sell frantically in the market.

In this article, another possibility is mentioned: if trusteeship is not considered for the time being, the Ministry of Finance and the Federal Reserve are considering financing the "two houses", and the scale of financing will be sky-high, at least $50 billion to solve the current "two houses" dilemma. The jury is still out on whether to issue additional shares or bonds, but there is no doubt that both stocks and bonds will have a strong impact on their previous securities in the current market environment.

It is precisely because of these two pieces of information that Fannie Mae and Freddie Mac's stocks have plummeted sharply since the opening, falling by more than 50% at one point, and their market value has evaporated by half. At this time, Treasury Secretary Paulson, who had just issued a statement yesterday, could not sit still, and although it was very embarrassing to make a statement for two consecutive days, in order not to let the "two houses" fall into a difficult situation, he had to bite the bullet and issue a statement again, declaring that the US government would not consider taking over Fannie Mae and Freddie Mac for the time being. And there is no intention of additional financing in the short term.

After Paulson's statement, Fannie Mae and Freddie Mac's stocks were able to halt their decline and slowly recovered. By the end of the day, Freddie Mac's stock was down 3.1%, showing a deep V trend. Fannie Mae, on the other hand, was more miserable, falling 22% throughout the day. Compared to the highest drop of the day of 49%, it has rebounded by only 27%.

However, these news are just appetizers, and the Wall Street Journal also reported some market-stirring news today.

Hedge fund giant Greenlight Capital's founder and fund manager. Einhorn was arraigned by the SEC, along with managers of dozens of other hedge funds, large and small, on allegations of maliciously shorting stocks and manipulating stock prices. Although the matter has not yet risen to the legal level, there is no doubt that the act sends a clear signal that the Kaminari brothers are starting to fight back.

While such subpoenas can only be considered commonplace for hedge funds, there is a smell of something different at this sensitive moment. As a result, Kaminmen Brothers' stock jumped 15.7 percent. But market analysis. This rise cannot hide the current internal problems of Kaminari Brothers, and it is believed that it will not be long before the market will revise its valuation of Kaminari Brothers again.

In addition to these two news, the most exciting news is that Soros is secretly shorting the stock of Stanley Company.

For a long time, although the market has gone viral with hedge fund bigwigs shorting the shares of financial institutions, and even spread it for a while, there has never been any official media dissemination of these news. This is because they have no chance to verify it, and there is naturally no way to check the authenticity; More importantly. There are a large number of small and medium-sized hedge funds that have jumped out to claim or imply that they are involved. And so it goes. It becomes not so important to dig deep into whether there is a big guy behind it.

The reason why those small and medium-sized hedge funds do this is naturally to promote their own fame. This does not preclude them from profiting from the collapse of investment banks such as Bear Stearns, but relatively speaking, most of the benefits have been taken away by the giants.

And now the news that has broken out is the first time that the spearhead is aimed at those high-ranking hedge fund bosses. Although Soros is not named in the full report, words such as "participating in the 92 pound crisis" and "leading the Asian financial crisis in 97" still associate him with the report.

In this report. The reporter quoted an unnamed person as saying, "In the process of Bear Stearns' collapse, a hedge fund and its allies played an extremely disgraceful role, they siphoned off Bear Stearns' last liquidity, causing Bear Stearns to collapse instantly." Before that. They also pledged not to take cash from Bear Stearns' account. ”

The source added: "With the experience of the last time, they are starting to plan bigger plans again. Surprisingly, they always seem to be targeting institutions that are involved in subprime debt issuance. It's not clear who their next target will be, but the rumors about the Kaminari brothers are in line with their usual style. And the market shows that Stanley, the second-largest investment bank on Wall Street, seems to have entered the range of their shorts. Some brokers said that they have recently received frequent inquiries about whether Stanley stock is in stock. ”

At the end of the article, the reporter mentioned this "unnamed person" slightly, who is also rumored to be an industry person who manages a hedge fund with a large amount of money. It is with such a professional background and identity that he knows so many inside stories that are difficult for outsiders to know.

As soon as this news was disclosed, it immediately caused a sensation in the entire market, far more lethal than the first two news. The fog that has been hanging over investors for a long time has finally been lifted, not just because everyone understands why Bear Stearns collapsed so quickly, but because investors finally understand why the Kaminari Brothers are riddled with negative news and rumors. At the same time, they also knew that Stanley was most likely the next target.

Stanley's share price fell 10 percent and fell 4.3 percent by the end of the day, despite a slight intraday recovery. Although Stanley's top management has not issued an announcement or anything like that, the consensus expectation is that in the next two days, they may start to issue a public statement explaining the current situation. As for whether to fight back forcefully or tactfully guard. It depends on their determination and financial resources.

……

"Damn, who the hell leaked the news?"

In Soros's office, when he got today's Wall Street Journal, he couldn't help but be furious, "Oh my God, now our plans are all known." What can I do? ”

Shorting financial institutions without knowing it, and fighting each other to decide the outcome of the battle are basically two different things. The former is more hidden, costs less money, and has fewer grievances. And now everything is different, this report in the "Wall Street Journal" directly pushed him to the forefront, if at this time only a little bit of change, it completely confirms the content of this report, he and John. Mark can't be redeemed either.

Think about it. Soros could not find anyone suspicious, because no one in his loose alliance would reveal the news to the press, after all, no one would be at odds with money. So he decided to give it to John first. Mark made a phone call to explain the situation.

"John, it's me, Soros!" Soros first reported himself to his home, and then he got up. "Hmm...... I don't know if you've read today's newspaper? Right...... It's today's ...... Wall Street Journal. ”

"Not yet, is something wrong? George? Your voice sounds strange. "John. Mark's voice came through the microphone, and it didn't sound anything special. However, it is also possible that Soros did not hear clearly, because the noise in the other party's microphone was too loud, and the roar of the plane was buzzing.

"That's right, the journalists wrote some nonsense today, and I think it is necessary to clarify it to you. It's not me what they're talking about. Soros breathed a sigh of relief, and then asked pretended to be puzzled, "John, what are you doing here?" I felt like I heard the sound of an airplane. ”

"That's right. I'm just getting ready to board! "John. Mark smiled at the crew members, took a copy of today's Wall Street Journal from them, and said as he walked, "I'm on my way back to New York, and I'm still at Charles de Gaulle Airport." What's up, George, what the hell is written in the newspaper? ”

"Nothing, just some." Soros replied disapprovingly, "Aren't you saying that I was planning to short the stock of Stanley and that I was responsible for the current situation of the Karimon Brothers?" ”

The noise in the microphone suddenly disappeared, presumably John. Mark has boarded the plane. As the surroundings quieted down, John. Mark's words also became strict, and he didn't know if it was because of the change of occasion or because he heard the news, he asked seriously: "So, George, I ask you seriously, are you shorting our company's stock?" ”

"Nope!" Soros didn't hesitate at all, and decisively denied it, but then he said a little hesitantly, "But John, I have some short options on hand with Stanley, but you can rest assured that this part of the position is very small, and it is mainly used for hedging." I am still very optimistic about the long-term development of your company. ”

"A little option?" John. Mark pondered for a long time, then said in a pretended relaxed tone, "Okay, George, these are your investment freedoms, and I can't interfere with them." Of course, as an old friend of yours, I would solemnly advise you not to go against our company. ”

"Nonsense, this guy is so arrogant!"

After hanging up the phone, Soros roared. Although the other party said it very lightly, he still smelled a strong disdain in it. Although he must admit that the other party does have such confidence, the financial statements are quite beautiful, the assets under management of as much as 500 billion US dollars, the FICC business is the best in the world, and most importantly, just last year, they brought in a major shareholder from Huaxia, and cash reserves are not a problem. As long as those toxic subordinated bonds can be disposed of, the day of Stanley's turnaround will soon come.

And now it is obviously unwise to choose to be their enemy. But the reason why extraordinary people are extraordinary is because they think about problems differently than ordinary people. So Soros quickly put these unpleasantness behind him and began to seriously think about such a giant as shorting.

The previous strategy is definitely not to be used again, because the other party will definitely be wary. In this case, it is inevitable to switch to a new strategy.

In fact, their alliance is also in full swing in the market selling shares of Kamison Brothers and even Merrill Lynch. Einhorn's team was even earlier. It's just that because of their low-key style, the outside world doesn't know their plans at all.

Unbeknownst to Soros, shortly after the phone call with him, John . Mark picked up today's Wall Street Journal and read it carefully, and it wasn't long before he slapped the newspaper on the table in a fit of rage. John. Mark has only now figured out the purpose of Soros's call, and he is naturally very dissatisfied.

If it had been a day before, John. Mark may have believed Soros's words, but since Dick of the Kaminari Brothers. After the call of Fudetong guò, John. Mark has become deeply wary of the situation facing his company, and Soros's "confession" has confirmed his suspicions.

How does this not make him angry? And how does this allow him to trust Soros? (To be continued......)

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