Hedge funds are also known as "vulture funds", that is, they wander around dying animals like vultures, and when the opportunity arises, they will bite hard, and use their numerical advantage and unpreventable harassment to finally kill their prey completely. Pen % fun % Pavilion www.biquge.info

It's a very apt and similar description, and hedge funds are indeed in that style. Now, like vultures, they have appeared in the euro and Italian government markets, forming a frenzied attack on the previous bears.

The market is indeed as Bell Stone previously claimed, and in fact it is the result of Bell Stone's manipulation behind the scenes. But hedge funds in the United States admired Bell Stone very much, because the market was indeed developing as Bell Stone analyzed, which made them ecstatic.

On Monday, Tuesday and Wednesday, for three consecutive days, they carried out a relentless pursuit of the bears of Italian government bonds, not only in the government bond market, but also in the stock market and the euro market with the bears.

Naturally, in a situation where the market has generally formed a positive situation, the power of the bears can be said to be vulnerable. In just three days, the yield on Italy's 10-year government bonds plummeted from near 8% to below 4%, forming an almost steep curve in two weeks: first skyrocketing, then plummeting.

And in the midst of this change, tens of billions of euros of wealth have been transferred silently.

Similarly, the euro has performed very well in the market, not only sweeping away the previous decline, but also rising slightly compared to the previous time when Tianyu Fund coveted Italian government bonds, which not only made the euro bears lose their money, but also made the whole market full of confidence in the future.

It was only on Thursday that the rally in Italian government bonds and the euro slowed down in anticipation of tomorrow's stimulus news, but a few people closed their positions and left the market, causing the prices of these two varieties to fall slightly.

Even so, there is still a net inflow of more than 500 billion euros into the bulls in both markets.

……

"What will Europe announce tomorrow? Is it a matter of cutting interest rates? There are now rumors in the market that the EU will announce a large interest rate cut to stimulate the economy. ”

In a shooting club in Central, Zhong Shi had just completed a round of shooting, but the results were quite shabby, but only 45 rings. He shook his head helplessly, took off his headphones and came to the lounge, where Jiang Shan was sitting leisurely.

"Not only interest rate cuts, but also QE, they are here this time for real, to inject a shot in the arm into the current economy."

Zhong Shi took the drink, took a sip indiscriminately, and then sighed, "I believe that an agreement has been reached within the EU a long time ago, but it has not been announced until now." ”

"The market in the past two days has been a bit magnificent!"

Jiang Shan was a little surprised, but then he smiled, and his expression became smug again, "Although these two news will lead to good news in the capital market, they will deal a heavy blow to the euro." Speculative capital, on the one hand, enjoying the benefits of the capital markets, and on the other hand, enduring the huge downward pressure of the euro against the dollar, I am afraid that they will quickly fall into the trap you have set. ”

"If they weren't greedy, they wouldn't be in this dead end!"

Zhong Shi pursed his lips and said disapprehantly, "These guys think they are smart and can do nothing about them as long as they use the rules of the government, but they are wrong, and they are very wrong. How could Europe have allowed them to attack again and again? Even the United States, although there is nothing to blame in terms of rules and laws, the SEC is looking for trouble for them. ”

"So how much do you expect them to lose this time?"

Jiang Shan is not interested in all this that Zhong Shi said, but he has an extraordinary interest in the final outcome of the whole thing, and this guy is a bit afraid that the world will not be chaotic.

"It's hard to say, there should be hundreds of billions of euros, I mean the overall turmoil."

Zhong Shi sighed and said, "After such an incident, I believe that they will not touch the European macro target for at least a few years." It's horrible! ”

Even Zhongshi himself uttered the word "terrible".

"If I want to buy some gold at this time, I don't know if I can?"

Jiang Shan doesn't have as much emotion as Zhong Shi, he has been thinking about maximizing his interests in his heart, of course, he can't touch the part that Zhong Shi participates in, but fortunately, there are many other related markets to choose from, "This time I want to play a big game and bet all my net worth into it." ”

"If it's your personal behavior, there's nothing wrong with that."

Zhong Shi touched his nose and laughed, he himself didn't get rich in this conspiracy, and naturally he couldn't prevent others from getting rich, as long as Jiangshan didn't spread the news everywhere, "I believe that after this wave of market, your net worth should be able to increase several times." ”

Jiang Shan also smiled proudly.

"What are you talking about?"

At this time, Ivana walked over wearing yellow goggles, saw the two of them smiling, crossed her hands on her waist, and said condescendingly, "Needless to say, it must be talking about making money, right?" You're so bored! ”

Zhong Shi just took a drink and sipped it slowly, ignoring her.

"Hehe, you're very smart, you can guess it!"

Jiang Shan didn't care about her domineering appearance, and directly tempted, "Now there is a good opportunity to make money, I wonder if you are interested in joining in?" If nothing else, at least it can double your net worth in one day. ”

"Needless to say, it must have been the one you planned!"

As soon as Ivana saw Zhong Shi's lazy appearance, a wave of anger rose in her heart, and naturally she didn't have a good face for Jiang Shan, and immediately said coldly, "I know how to make money all day long, I don't have any fun at all, I'm just a wooden man." I'm annoyed, do any of you plan to test my marksmanship with me? ”

Jiang Shan's neck suddenly shrank, and he didn't dare to say anything.

"Boring!"

Naturally, Ivana couldn't wait for Zhong Shi's answer, she turned around and went to play with the gun again.

"What a superb!"

Looking at Ivana's upright buttocks, Jiang Shan subconsciously swallowed his saliva and said to Zhong Shi, "Zhong Sheng, it seems that this chick is a little interesting to you." Do you want to leave her alone? ”

"Hehe, I see you're more interested than I am, why don't you come?"

Jiang Shan's pig-like face made Zhong Shi shake his head, "Why did the German government send a beautiful female agent to my side?" Don't you expect me to be caught directly after I can't control my lower body and make a mistake? This kind of mistake doesn't bother me too much, but it's a nuisance. ”

Hearing this, Jiang Shan could only grin and gasp. He didn't have any worries about that, but Ivana never pretended to be anything to him, which meant he didn't have a chance at all.

As soon as he thought of Ivana's vigorous skills and ruthless personality, he suddenly broke off the idea of wanting the overlord to bow hard.

……

On Friday night, the long-awaited news finally appeared. ECB President Mario Draghi announced that the QE policy will be implemented within the eurozone, specifically:

1. Starting in January next year, 60 billion euros of government bonds will be purchased every month, including member state bonds and agency bonds.

2. Asset purchases are mainly for investment-grade bonds, but also for other bonds, such as countries participating in the EU/IMF regulatory program.

3. Under the QE plan, the purchase of each bond shall not exceed 25% of the issuance size of the bond; For the same issuer, the purchase volume must not exceed 33% of the total debt size of that issuer.

4. Asset purchases will continue until September 2016, but in fact they will be adjusted according to changes in the economic situation, and changes in the growth time and increase in the monthly purchase amount are not excluded.

……

As soon as this news was announced, it shook the entire market.

Compared to interest rate adjustments, QE is like a nuclear weapon. This time, Europe dropped this "bombshell" without warning, completely exceeding the consensus expectations of the market.

This news is a huge positive for the bonds of the eurozone countries, but it is downright negative for the euro. After this announcement, the exchange rate of the euro against the dollar instantly plunged by 6%, not only completely engulfing the gains of the previous days, but also a further downward trend.

It can be expected that the euro will fall slowly in the coming months.

This time, the EU has not only hit the speculative money of the eurozone government bonds, but also intends to keep all the money that hit them in Europe, which can be described as killing two birds with one stone.

The reason why it was chosen on Friday was to take advantage of the fact that the world's major markets were closed, and funds could not flee quickly. Of course, for these funds, they can still be exchanged through markets such as OTCs, but these markets are not enough for them, and the faster they flee, the more they will lose.

So many organizations chose to stay on the weekend and didn't take much action. First, they are unwilling, and secondly, there is no good way.

According to later statistics, this move by the EU has kept at least about 600 billion euros of speculative funds in Europe. Although a considerable part of these speculative funds threw in the towel, some of them fell into the trap that Zhong Shi had set up long ago, and finally paid a heavy price for their greed.

In the following months, the euro continued to depreciate, and even fell below the 1:1 mark at one point, which also made the Tianyu Fund, which had long been short selling the euro, make a lot of money, earning at least more than 40% of the profits. (To be continued.) )