Chapter 12 Everything is ready
In October of '87, the Dow Jones has fallen to about 2,400 points after two months of adjustment and correction. For this downward pullback, the market generally believes that this is a reaction to the overheating of the capital market, and many research institutions have also given signals that the adjustment is in place to encourage funds to continue to enter the market.
In Chicago, the main funds have also entered the futures index market in November and December, and the funds have also shown an unprecedented scale, according to incomplete statistics, the funds of the long and short sides have reached as much as 500 million or 600 million US dollars, and the entire participation in the market has billions of dollars.
Among them are American conglomerates, Japanese conglomerates, European funds, speculators like Zhong Shi, and countless small retail investors who want to make a fortune in it.
"Zhong Sheng, do we really want to invest so much money? Don't you hedge some of your risk in the opposite direction? After all, our position is still relatively large! Andrew looked worriedly at the numbers on the screen, his brow furrowed.
Zhong Shi's general assets entered the futures index market in November and December, and established a large position of 100 million US dollars, and another 20 million US dollars were used as margin in the account, which worried Andrew that these were all short orders.
Generally speaking, this kind of short selling has no other purpose, that is, it is obviously not optimistic about the stock market, but although the U.S. stock market has fluctuated slightly recently, the overall trend is still good, and this kind of full bearish position is not reasonable.
In general, even those funds that operate exclusively in the futures index market should always pay attention to the movements of the Dow Jones, which is linked to it, and such trend operations are inevitable.
And those funds that are hedged only need to go in the opposite direction to the other market.
Futures are different from stocks in that in the case of insufficient funds, they need to trade quickly and profit from fluctuations, and each fluctuation here is every fight between bears and bulls.
The Chicago Mercantile Exchange has a clear lot limit on each trading seat and trading account, which is also to avoid the crazy smashing of large funds and thus manipulating the market. This is also a point of great headache for Zhong Shi, Zuihou can only open a few different accounts in a few brokerage houses, and he can barely build up a huge position.
For the trading strategy of several other brokers, he only has one sentence, that is, the short position he holds is intact, if the maintenance margin in the account is all used up, call him immediately, as for when to take action to wait for his call, during this time to ensure that the call between each other remains unblocked.
For this reason, Zhong Shi also deliberately called several agents in the middle of the night to make sure that they were all seriously watching the market, so he was relieved.
During this time, only Land Rover was by his side, and Zhong Yi was busy with his schoolwork, but when he was not too busy, he would drive the Porsche with the wind rushing over.
Under the guidance of Zhong Shi, Liao Chengde invested a small part of his assets in Hang Seng Index futures, for which he also sold a lot of shares in "Cheung Kong Industrial". At this time, Li Ka-shing had become the richest man in Hong Kong, and it was "Cheung Kong Industrial" that made great contributions to the throne.
In the late 80s, Hong Kong's property market was revived, and the construction of various large-scale buildings and infrastructure made various real estate companies make a lot of money, among which Cheung Kong Asset, Sun Hung Kai, Hongkong Land and other real estate companies benefited the most.
At the beginning, Liao Chengde was still ambitious and wanted to make a big difference in the Hang Seng Index market, but every day was a floating loss, making his face darker and darker day by day. If it weren't for Zhong Shi's achievements in front of him, he would probably have withdrawn his troops.
When Zhong Shi was looking at the plate, Liao Chengde and Liao Xiaohua also came a few times, but when they saw Zhong Shi's unhurried and impatient Jiashi, Liao's father and son rose with an inexplicable confidence.
The opening of HSI futures and the S&P 500 are two time periods, one during the day and the other at night, and the Liao father and son have been here two or three times, and every time they look at Zhong Shi's smiling expression and the steady Jiashi, they feel bored, so they no longer run to wait for the middle of the night, but only meet once every other week.
In the first two weeks of October, the Dow Jones Industrial Average has been falling, falling by nearly 400 points in two weeks, and the corresponding S&P 500 index has also fallen by more than 40 points, which has increased the floating profit on Zhongshi's account by tens of millions of dollars.
The Dow index has been falling since August, but not as much as in the first two days of October, and the minds of market participants are clouded and they do not understand what is going on.
"Mr. Zhong, do you need to increase your position?" Just when Zhong Shi was in a trance, one of the brokers called, and the young man on the other end of the phone was full of surprise, and even a little arrogant.
"What? Adding to your position? I warn you, don't do anything to my account, or I'll fight for all the profits, and I'll sue you until you go bankrupt! Zhong Shi shook his head, and his mind was a little clear. He is most annoyed by this kind of self-righteous brokerage, who points fingers in front of customers by knowing a little financial knowledge, and some brokers who do not follow the rules, who are bold enough to dare to touch the funds in the customer's account, which is an obvious violation of laws and regulations.
Due to his distrust of the broker, Zhong Shi only opened a measly $5 million position in that broker's account, and now the account is almost $10 million.
Hearing Zhong Shi's warning voice, the hot-headed broker's head was cold, and he didn't understand that Weishenme's client was so angry. In his opinion, the floating profit is almost more than doubled, and if he doesn't take advantage of the victory to chase at this time, how long will he wait?
Although he was very puzzled, he also understood the integrity of the agent, so he could only say a few words in a low voice, and then hung up the phone sullenly.
"I hate self-assertion the most!" Zhong Shi hung up the phone and muttered something in a low voice.
Affected by the Dow Jones index in New York, the indices of the world's major financial markets also fell invariably, but the decline of each market was different, and the Hang Seng Index also fell to a certain extent. In the past few days, Liao Chengde's account has also had some floating profits.
"Lao Liao, the spring breeze has been full recently, have you found a new wife!" Zhong Shi looked at Liao Chengde with a smile on his face, and couldn't help but quip.
Liao Xiaohua, who was sitting quietly on the side, shrank his pupils, his face was full of doubts, and he glanced at Liao Chengde imperceptibly. During this time, Liao Chengde spent more time going home and less time with Zhong Shi, but some time ago, Comrade Liao did not leave Zhong Shi's side in three steps, and his closeness was comparable to that of Land Rover. If Comrade Lao Liao had any extramarital affairs, Zhong Shi probably knew best.
"Zhong Sheng, why are you laughing at me so much! I'm an old bone! Liao Chengde said with a wry smile.
"It won't be long before you reach a new height of wealth, what's the matter, you really don't want to buy a second room?" Zhong Shi asked in a mocking tone, but his eyes were looking at Liao Xiaohua with a nervous face.
Since having a meal with Liao Xiaohua, this second ancestor is like a different person, no longer has the appearance of being high-flying and domineering before, but has become a humble and polite civilized person.
For this kind of transformation, Zhong Shi knows that if people reach another level, they will naturally feel their own insignificance, and an inexplicable awe will rise in their hearts.
Liao Xiaohua in front of him is a typical example.
"Zhong Sheng, don't make fun of my old bones anymore, I just don't know what kind of woman Zhong Sheng will marry in the future!" Liao Chengde is old and shrewd, and between two or three sentences, he pulled Zhong Shi's body.
"yes? What kind of woman do you want to marry in the future? What kind of woman is suitable for me? Zhong Shi was stunned for a moment.
He always thought that it was too early for him to think about this matter, but in fact, in his previous life, he was already old and not confused, and he still hadn't considered personal problems. Now that he is reincarnated and reborn, is God giving him a second chance, does it also give him a chance to deal with his emotions? (Thank you for your support, xiexie!) )
For mobile phone users, please read it on m.biquge.info.