On Christmas Day in '89, the Japanese stock market soared nearly 400 points, once approaching 38,500 in intraday trading, and Zuihou closed at 38,423 points, only a line away from 38,500.

All traders on holiday have been urgently recalled to discuss their next steps.

In fact, the so-called discussion is just a pretense, and the financiers behind it have already worked out how to operate, and now calling them back is just an explanation.

There was a sense of despair in the small operation room, everyone was silent, looking at the K-line chart of the previous trading day in a daze, they were still full of joy when they left, after successfully suppressing the momentum of the Japanese stock market, everyone wanted to have a comfortable Christmas, but I didn't expect that only two days later, the Japanese stock market began to rise like crazy again.

"Gentlemen, at least we have another fund, don't we?" In the deathly silence, only Jim's mood was okay, he completely figured it out, since the consortium behind him didn't care about gains and losses, why bother with such idleness. According to today's jiashi, it will definitely rise tomorrow, maybe it will rise this week, and it will even break through the 40,000-point mark on the 30th, but who cares!

The small treasury in his hand is operated in the opposite direction, according to today's form, he can earn tens of millions of dollars when Singapore opens tomorrow, and with just a few more days like this, he will soon be able to make a new fund size.

"yes!" The thought of having another fund of their own immediately became excited, and all the professional ethics and dedication to duty were left behind.

The atmosphere is alive again, not many people care about what the strategy is tomorrow, everyone is thinking about how much money they can get.

"Well, gentlemen, it's Christmas, and I'm sorry to let you come back now. Now let's go out and celebrate, and hand the damn Japanese stock market to hell! Jim said while the iron was hot.

At this point, the enthusiasm of the crowd was ignited, and the traders shouted and went in droves to a striptease party in the middle of the city to party with the almost naked strippers.

There was a Christmas party for these traders, and hundreds of beautiful prostitutes were sent here by the Yamaguchi-gumi, which was also a small reward for helping the gang launder money in the past year.

Speaking of the Yamaguchi-gumi, I have to say that they are dedicated and honest. Jim's team has been stationed in Kobe for two or three months, and the younger brothers outside the refrigeration plant have dutifully guarded the door, not asking what these Caucasian people are up to, and there are very few such people in modern Japan.

Looking at the scene of the profligate wreckage, Matt quietly approached Jim and asked worriedly, "Is there really no room for redemption?" ”

"Yes!" Jim's eyes had been fixed on a stripper who was constantly making provocative moves on him, and he replied absentmindedly. "That's the order from above, I can't help it!"

Matt sighed deeply, picked up his glass and turned to another woman who had been paying attention to him for a long time. He knew it very well in his heart, because he was also ordered to short the Japanese stock market with all his might.

A night of partying.

On December 26, the Japanese stock market opened at 38,470 points, continuing the strong upward momentum of the previous trading day, and even the lowest point of the session did not fall below the opening index, the highest point of the session once reached 38,786 points, only 14 points from 38,800 points, and Zuihou closed at 38,681 points.

Another increase of 257 points.

On this day, Jim and his team were in full swing to suppress the Nikkei in the Singapore futures market. Affected by the Japanese market, the Nikkei 225 futures index broke through 39,500 points as soon as it opened, and once broke through the 40,000-point mark in the intraday, and the bears had nothing to do about it.

The market bears paid more than a billion dollars in these two days, and Jim, who occupies more than 20% of the entire short position, lost more than $400 million.

These are not over, what makes the market even more surprising is that the whole short side is like crazy, frantically throwing short orders at a high level, without the slightest intention of reducing their positions.

Analysts believe that this is an attempt by the bears to raise the price of their average positions to reduce their losses, and secondly, they are still bearish on the outlook of the Japanese stock market, hoping that the Nikkei index will turn sharply at some point in the future.

However, most analysts are not optimistic about this behavior, believing that the bears have lost their minds. They have said that the Nikkei index will hit the 40,000-point mark as soon as this week.

As one of the bears with the largest share, Jim and his team have become a bellwether in the market, and on this day, they sold 50,000 short orders at 40,000 points, costing more than $600 million.

This short order just appeared in the market, and it caused a lot of commotion, but the bulls almost in the next moment, they easily took this short order, and the Nikkei index only fell slightly, and then rose again.

The frenzy of the market has reached its peak, and almost all investors are betting on whether the Japanese market will hit a peak of 40,000 points by the end of the year, and countless funds have poured into it, most of which have joined the bulls.

On the Japanese consortium's side, after last week's decline, several Japanese consortiums have withdrawn their funds from Singapore, but as soon as the Japanese stock market opened on Monday, they regretted it. Today, only a handful of Japanese consortia are still battling the Singapore futures market, including Kaoru Iwamoto.

But it doesn't matter, the constant influx of long funds quickly made up for the gap in the exit of Japanese funds, and was even stronger than when they were in the alliance. The short order of more than 50,000 lots was followed by the combination of several shares of funds, and it seems that new speculators have come to the market.

Kaoru Iwamoto is naturally very happy with this situation, and he also knows that his funds are not enough to face the strong bears head-on, but fortunately, the performance of the Japanese market is strong enough, which fully ignites the confidence of the bulls. However, he was still cautious and reduced his position to less than 50,000 lots, and his performance in the market was no longer so conspicuous.

At the moment, on the Singapore Exchange, countless shili have formed a game, and the outcome of the game depends on the performance of the Japanese market.

South Korea, Japan, Taiwan, Malaysia, Indonesia, and even some funds from Hong Kong are optimistic about the future performance of the Japanese stock market, while on the short side, the vast majority of funds from Europe and the United States, and only a few other places are also not optimistic about the future of Japan.

Of course, these funding sources are highly confidential and will never be leaked out, otherwise the reputation of the entire Singapore Exchange will be wiped out in no time, this is the rule of the game.

Later, a Japanese scholar wrote a book in which it was revealed that ninety percent of the funds shorted in Japan at that time came from the European and American markets, and only a small part of the funds came from other places.

Zhongshi's funds were entered through the channels of British brokers, and naturally they were also counted as part of the European and American consortium.

In fact, the changes in the market in the past few days, has made Andrew a little overwhelmed, after experiencing the decline of the previous week, Zhongshi's books have a lot of surpluses, but after the market opened on Tuesday, these surpluses instantly came to naught, and even had to pay a lot of margin, fortunately, Zhongshi only invested 100 million US dollars, and the remaining 50 million was used as a reserve margin, which was not forced to close the position.

"Zhong Sheng, according to the current momentum, the Japanese stock market is very likely to break through 40,000 points this week, don't you consider changing direction?" Andrew wiped the beads of sweat from his forehead and said with palpitations.

Zhongshi, who holds about 7,000 short orders, has a book loss of more than $7.5 million in these two days, including the profit of the previous week, and it is still expanding.

But Chungshi is well aware that the rally in the Japanese stock market is coming to an end. He vaguely remembers that on the trading day of Zuihou in '89, the Japanese stock market would rush to an all-time high, and then take a sharp turn, eventually evaporating more than half of its market value in half a year.

The current situation is that he has little money in his hands, and he still has 40 million dollars in reserve funds in his hands.

"Throw it all away, and observe the situation for a while!" After thinking quietly for a quarter of an hour, Zhong Shi ordered. He was a little reluctant in his heart, but because the funds that could be mobilized this time were really limited, he could only enter the market at the most accurate time, so as to ensure the maximization of benefits.

After hearing Zhong Shi's order, Andrew let out a long breath, he was already a little dissatisfied with Zhong Shi's decision, and now he can finally see that he "repented".

On December 27, the Japanese stock market continued to rise, reaching a maximum of 38,900 points, and finally stood firmly at 38,800 points, up 0.31% throughout the day, up 120 points from the previous trading day.

At this time, most investors do not doubt that the Nikkei will rise to 40,000 points.

On the 28th, open high and go high, continue to rise, although the momentum is not as fierce as a few days ago, but the intraday was once as high as 38920 points, only one step away from 39000, although there was a repetition in the intraday, but finally stood at 38876 points, up 75 points from the previous trading day.

On the 29th, a trading day of the year. Everyone is looking forward to the performance of the Nikkei, and they all know that the Nikkei should not rise by 40,000 points on this day, after all, it is unlikely that it will rise by 1,000 points in a trading day in Zuihou. But 39,000 points can be expected, as long as a haode is left to finish, I believe that in the first few trading days of the next year, it will soon rush to 40,000 points.

But that could never happen!

On this day, the opening is a good sign, 38913 points, 37 points higher than the previous trading day, open higher! All that's left is to see how it goes!

And when the numbers first came out, Jim and his team suddenly let out a wail, knowing that on such an important day, basically the trend of this day has already been decided.

These three short trading days are like years for them. In the past few days, they have lost more than $200 million on their books, and what makes them feel even more incredible is that the United States has received a new directive to further increase their positions. Now they hold more than 300,000 lots, and the average price has been pulled to close to 40,000 points.

These empty orders alone have used up more than $4 billion of their funds. With the exception of the more than $500 million they have recently lost, they now have no more than $1.5 billion on hand.

This time, they first gathered $4 billion in funds, and then another $6 billion, for a total investment of more than $10 billion. But the three defeats have already cost them more than two billion dollars. In addition to the $2 billion they have invested in the Japanese stock market, they have only a small amount of money at their disposal.

Ironically, the amount of money that was set aside as a hedge against risk, the one that was invested in the Japanese stock market, has now risen to as much as $2.5 billion. (The update has been a little slow in the past two days, I hope you will be more considerate, and the author will try to solve the problem of modification as soon as possible.) Some book lovers may worry that the changes will affect the original expectations of the protagonist, which can be assured that the storyline will not change, and the development process of the protagonist will not change. ）