Chapter 765: Clarification

"BOSS, this time we have made a huge profit in the financial market. As the chief investment officer of KY Investment Fund, David Anderson began to report his work to Yang Jing.

"Oh, then, let's hear it. Yang Jing put down the chopsticks in his hand with a smile and put on a posture of listening attentively.

"BOSS, according to your instructions before you left last time, we have been long the stock market and the Japanese yen in the foreign exchange market for the past two years. BOSS, I have to say that your judgment is really very, very accurate, the year before last and last year, the rise of the stock market can only be described as crazy, even more crazy than the madness of the federal stock market before the stock market crash. ”

"According to your instructions, our Pacific Capital entered the financial market at the end of the year before last, and at that time, the financial market had touched the bottom at the end of that year due to the impact of the federal stock market crash, especially the Nikkei index, which was only hovering around 20,000 points, and it was at this time that we intervened in the financial market. ”

"Then from the beginning of the previous year, the stock market began to rise wildly, the Nikkei index from about 20,000 points, it took only two years to nearly double, and finally on the last trading day of the end of last year there was an avalanche-like collapse, and now the Nikkei index collapsed although it was only a month, but the Nikkei index has fallen from a high of nearly 39,000 points to nearly 5,000 points. According to your instructions, our Pacific Capital began to gradually close all the long positions in October last year, and then gradually established short positions from November last year, and finally, we have made a profit of more than 10 billion US dollars in just one month just this year!"

"Well, that's good, but keep trying. As I told you, the Nikkei should fall below 15,000 points in three years, so the next three years will be a good time for our Pacific Capital to make enough profits. Yang Jing nodded David again.

"Yes Boss, I see what you mean!"

As early as after the stock market crash broke out in the US stock market, Yang Jing began to shift his attention from the US stock market crash to the stock market and the foreign exchange market, and the five-year period from the beginning of '88 to the end of '92 was the best period for obtaining huge profits from the US stock market.

To this end, Yang Jing also set up Pacific Capital, which is affiliated to the KY Investment Fund, and together with Atlantic Capital, it has become a hedge investment fund under the name of the KY Investment Fund.

Atlantic Capital specializes in funds for the US East Coast and European markets, while Pacific Capital specializes in US West Coast, Zoben, Asian Tigers and Oceania.

The previous KYA Fund and KYE Fund were the predecessors of these two funds.

Now Atlantic Capital is led by Niam Wilson as CEO, after all, the markets on both sides of the Atlantic are much more stable than the financial markets on the west coast of the Pacific, and they need a steady financial expert like Niam. However, with the imminent start of the first Gulf War and the collapse of the former Soviet Union, Atlantic capital, which has been stable for more than two years, is about to show its sharp teeth and obtain greater benefits.

The collapse of the financial market in the late 80s and early 90s was a great profit opportunity for hedge funds, and the Asian financial crisis that broke out in 97 was the favorite market for hedge funds. Therefore, in the next few years, Pacific Capital needs to have someone with strong enough control to sit in charge, so David Anderson temporarily serves as the CEO of Pacific Capital. 、

This speculation in the financial markets was the responsibility of David Anderson.

Now it looks like the harvest is clearly very good!

Before the outbreak of this stock market crash, its total GDP exceeded that of the former Soviet Union, second only to the United States, and this stock market crash will squeeze out all the bone marrow of the financial market, so Yang Jing will never let go of this kind of good opportunity.

And David Anderson has obviously done a great job, shorting the stock market in just one month, and has already made more than $10 billion in profits.

Now, not only David Anderson, but also several senior executives in charge of specialized investment in the company are extremely surprised by Yang Jing's judgment. If the stock market crash in 1987 was a miracle operation, then this time the boss immediately became a rhythm controller after the ups and downs of the stock market, as if the ups and downs of the stock market were all in accordance with the boss's wishes.

The boss said that the stock market would collapse at the end of last year, and the Nikkei would not exceed 40,000 points, and that was exactly what happened. It is precisely because of such an accurate judgment of the boss that KY Investment Fund was able to make extraordinary profits in this major shock in the stock market.

You must know that Pacific Capital's profit this time is not only the profit of shorting this stock market crash, but Pacific Capital has been long the stock market in the past two years, and the Nikkei Index has almost doubled in two years, and the profit is also huge.

In the past two years, this operation method of opposing one positive and one long and one short has obtained a huge profit of more than 50 billion US dollars for Pacific Capital!

And now the boss says that the Nikkei index can fall below the 15,000-point mark, doesn't that mean that in these five years, Pacific Capital can at least make more than 100 billion US dollars in profits in the financial market!

This is 100 billion level, and in this era, this level is almost an unimaginable number!

Henry Williams, as the CEO of KY Investment Fund, is no less concerned about the financial market than David, he asked: "BOSS, although we all know that the economic overheating of the capital market has exceeded imagination, how can you judge that the stock market crash will last for several years?"

Yang Jing smiled, looked at a table full of company executives like curious babies, and knew that he had to explain their doubts today, so he said: "Actually, this is very simple, judging from the economy and the global environment itself, you can easily find out the key points from it, and then analyze it, and you can guess the time of the stock market crash." ”

"First of all, it is a good thing that the economy began to develop rapidly after entering the seventies, but it is said that my arrogant personality has added a fire to this wave of rapid economic growth. We all know that it is certainly not good if the economy does not develop, but it is not necessarily a good thing for the economy to be overheated, and the economy has actually been overheated in the past 20 years. However, they did not realize this, and they even disliked that their country's economic growth was not fast enough. In his own eyes, the ultimate result is that the total economic output of the United States exceeds that of the United States. ”

Hearing this, the people at the wine table laughed. The boss is right, the economy has developed rapidly in the past 20 years, but if you want to catch up with and surpass the United States, it is simply a fool's dream.

"I didn't realize that their economy had actually entered a dangerous period since '85. Uncontrolled rapid economic growth is actually a very dangerous thing. If they were aware of this at that point in time, then they could regulate the economy through policies and strive for a safe soft landing for the overheated economy. But alas, he himself has been completely blinded by this unprecedented prosperity, and instead of regulating it, they have allowed it to continue to accelerate. ”

"The Nikkei has nearly doubled from 13,113 points in February 1985 to 26,000 points in September 1987 in two and a half years, which is an incredible thing in itself. Of course, at this point in time, the economy of our federation is growing as fast as the economy, and our S&P 500 index and Dow Jones index are also so crazy, so the year before last, the stock market crash broke out irrepressibly. ”

Hearing Yang Jing talk about the stock market crash, several people showed quite uncomfortable expressions on their faces. On the one hand, their own country was badly hit by the stock market crash, and on the other hand, the KY investment fund they worked for made a fortune in the stock market crash, which makes them really conflicted.

Yang Jing saw their expressions in his eyes, and of course he would not explain this matter. These people here are all financial elites, and they can distinguish the difference between personal feelings and work.

"The stock market crash the year before last, the stock market was also traumatized, I remember that Cesar also made a lot of profits from the stock market in that stock market crash, right?"

Cesar smiled and nodded, "BOSS, that's all your guidance." ”

Yang Jing nodded slightly and continued: "It is said that the stock market crash in '87 has sounded the alarm for Yue himself, but unfortunately, Yue Ben not only failed to learn a lesson from the collapse of the US stock market, but immediately recovered, and after the index bottomed out that year, it immediately began to rise. I remember a few statistics, at the beginning of 1988, the stock market continued to rise, and by the end of the year the Nikkei index had exceeded 30,000 points. Last year, the Nikkei hit a new high and reached 38,915 points on December 19, more than three times higher than the lowest point in 1985. In 1989, the market capitalization of Japanese stocks was 630 trillion yen, 1.6 times the GNP of that year, and in 1985 it accounted for only 60% of Japan's GNP. I'm right, right?"

David Anderson nodded.

Yang Jing continued: "Such strange data should not appear in such a mature market as Yuben, but it just appeared. The emergence of this kind of strange data has actually kicked off the prelude to the avalanche of the financial market. It's just that before the last trading day at the end of last year, some external conditions are needed to completely trigger this avalanche. ”

Henry asked curiously, "BOSS, ......what are those external conditions?"

"The Middle East!" Yang Jing smiled slightly, "To be exact, it should be Sadam of Iraq!"