"But what about today? When finance has become a blood-sucking tool in the hands of a handful of giants, and we, as victims, do not even have the freedom to resist? ”

Carl Wright continues to sneer, which makes his good sister Meghan look very uncomfortable.

In the past, when the two got together to scold Bichi, or discuss the technique of hooking up with men, this guy was so cute and cute that Megan sometimes couldn't help but want to have a with him......

But as a host, she still has to work the one hand, to appear fair and objective, and on the other hand, to be a good childcare, so that Carl Wright can say all kinds of things he wants to say.

The transmission capacity of the television network covering the whole country should not be underestimated, and it is greater than the combined role of tens of thousands of audio tapes and tens of thousands of underground radio stations.

"But, I think I think you guys, you guys...... I feel like you journalism have one more to learn, and you're very familiar with this set of values. You're still tooyoung after all, you know what that means. Carl Wright inexplicably uttered a passage in Chinese mixed with English words.

This made the director frown, and the live broadcast couldn't be subtitled.

But Megan translated it in English very much, which amazed the staff and moved her dedication and love of learning.

"Why do you want to learn? The reason for the soaring stock price of the national cinema chain is that the stock has been shorted by institutions by 150%, why can it be 50% more? Have you thought about this question? If it weren't for those vampires who used tools that retail investors couldn't use all day long, how could they have been caught by retail investors by 50% more? ”

"Everyone is an investor, why can institutions use Maxim, and retail investors can only charge with breech guns, and these Maxims are not firing .303 caliber bullets, but grenades with air explosion ability, why?"

"Second, in terms of the so-called level of research...... I'm no worse than most Wall Street institutions, at least in theaters across the United States, do you want me to continue to show my research? Carl Wright smiled.

"Oh, we're a comprehensive news station after all," Meghan politely declined the offer.

"Well, although it is not shown, I don't feel sorry, after all, the price of the stock has said everything, people can deceive people, but money will not ......" Carl Wright's words are very sharp "So, why do retail investors have to listen to Mel Pfister's point of view and not listen to me to trade? It turns out I was right! ”

Megan took a sip of water, it seemed that she was stumped by Carl Wright, and she was calming down at the moment in order to continue to organize a counterattack, "However, there is no right or wrong in the opinion itself, is it because you are too inflammatory, will it lead to an influx of groups, I don't mean to be offended, in fact, your current behavior is not a bit suspected of 'shouting orders'." Of course, I myself am not well-versed in financial law. There is no accusation at all...... But, you have to admit that the stock price is actually so high that it is completely detached from its fundamentals. ”

"Well, you're forcing me to show my analysis." Carl Wright laughed, then deliberately threw his huge awesome briefcase on the table with a loud "bang", "Hey, tell your director, don't broadcast the soap opera for a while, I estimate it will take three hours to defend myself...... You know, I'm a law ......."

Meghan laughed wildly.

"Just kidding, seriously. What is a shouting order? Of course, I am not an expert in the field of financial law, but we can roughly conclude that the act of unilaterally publishing information or data that can cause large fluctuations in stock prices by taking advantage of information asymmetry and making it available to the public. Do you agree with that? ”

Megan nodded.

So, if according to this inference, Mel Pfister and his sodium citrate capital are the real shouters, and he one-sidedly publishes all kinds of so-called research reports that are unfavorable to the national theater chain in the public media, without looking at its fundamentals at all, isn't this malicious short-selling? If the SEC still has a conscience, it should pursue this matter properly, instead of staring at me, an ordinary person who openly expresses his views in the spirit of free speech. ”

"In addition, I have to emphasize that in this short selling incident, there are many quantitative hedge funds that have joined in, and they don't look at the fundamentals to buy and sell at all, so why should they not be blamed if they don't look at the fundamentals, and retail investors will be blamed if they don't look at the fundamentals?"

"In addition, there are those so-called professional investment institutions, blowing bubbles again and again, blowing one and blowing the next."

"Let's take a look at what these professional investors have done over the years! It's going to take a few minutes, would you like to hear from me? ”

Meghan, of course, nodding her head "Yes, but please be as concise as possible......"

"Ten years ago, in 1959, they were blowing growth, and the word seemed to have magic, as long as the stock price of a growth company would inexplicably go up, at that time, Texas Instruments and IBM were trading at 80 times the price-to-earnings ratio, and they were still thriving."

At the time, anyone who questioned the unreasonableness of such a valuation would have been considered heretical. While there is no reasonable explanation for such a share price based on the principle of solid foundations, investors believe that buyers will still enthusiastically pay higher prices. In this regard, Mr. Keynes would look at all this with a smile quietly on his head in the places where economists must go after their deaths. ”

"At the time, Newsweek quoted a broker as saying, 'Speculators, no matter what stock they buy, it will double overnight, and the scary thing is that this kind of thing can really happen!' ”

"What is the result? A year later, the price-to-earnings ratio of the two stocks immediately returned to around 20 times. Of course, we all know that these two are good companies, and the indicators are growing steadily every year, but what caused the stock price to shrink by 80%? ”

"Uh......" Meghan looked dumbfounded, of course, these were all agreed in advance.

In fact, the entire content of the interview was reviewed above.

Edward, of course, was also involved in the control of the content, and he had only one request, "Absolutely no lying." ”

"We are facing a shameless Wall Street with unlimited resources, morality is our only weapon at the moment, we don't need to spread rumors, as long as we tell what happened clearly, then we will win!" These are his exact words.

OF COURSE, HOW COULD FAKENEWS LET SUCH A SHOW AIR?

Just when the production meeting was about to veto the script.

Coincidentally, the directors of Taiwan received a few phone calls, no major incident, just small talk between old friends.

Including but not limited to, Mr. George Duffy from the next state, Mr. David Hill from this state, and Mr. Brewster, who is no longer a master but has amazing destructive power (mainly pulling the lower face), they have no intention of interfering with the freedom of the press, but only mention it tactfully, and they should listen to the opinions of all sides.

Just as the producers were in the middle of a choice, Kentucky's favorite general Mark Curlow did not know what was going on here, and expressed concern, saying that Mark Curlow, as a member of the Senate Rules and Administration Committee, was planning to initiate a legislative discussion on the commercial television side.

All right......

Of course, Nikoas Mojevich also had a phone call, and other gentlemen also expressed their concern through various channels.

But after the producer weighed it again, he felt that it was still good.

The reason is also very simple, there are bigwigs behind both long and short sides, so after offsetting, it is equivalent to no interference.

If he doesn't do the show, then Carl Wright is likely to go to the competition station to do interviews.

FAKENEWS HAS OFFENDED A LARGE NUMBER OF RETAIL INVESTORS BECAUSE OF THE EXPULSION OF MORGAN, AND THE IMPACT ON ITS REPUTATION IN THE LONG RUN WILL BE EXTREMELY DETRIMENTAL.

But he and Meghan said it very clearly: "Don't fxxk too much! It's all on the head of the guy who jumped off the building, don't dig down! Got it?! ”

Megan nodded naturally, and turned around to give Edward the full bottom.

After Edward understood the bottom line of the TV station, he began to formulate a speech strategy with Carl Wright on the show: "Just talking about Mel Pfister is definitely not enough, it will make others think that we are bullying private people and will not speak, which will reduce the effect of the show, and it is easy for the other party to launch a sharper counterattack, if they find Mephistopheles's mistress and say that this is a poor surviving person, and then cry on the show, our image will be finished!" ”

"You're right, but what should we do?" Carl Wright was clearly not particularly proficient in this area.

Someone's eyes rolled, "Then let's bombard Wall Street and say they're all badass!" Anyway, that means that everyone is not a bad guy. A map cannon passes, and there are no good people on Wall Street! ”

This logic left Meghan speechless. Edward patiently explained, "For example, if you give money to everyone, it means that you don't pay at all, understand? Traditional and mystical oriental wisdom ...... You have to trust me about this! ”

After the framework was formulated, he left the details behind, and Carl Wright and Meghan were the professionals.

At this moment, the professionals continued to talk eloquently: "Well, after the bubble of growth burst, they changed the theme, the so-called space age theme, this period, that is, 60-62 years, more new stocks were issued than any period in history, and the frenzy of new stock issuance is comparable to the South China Sea bubble period, as long as it is a new stock is worth more than a tulip bulb." ”

"In the space age, electronics are king, and if the name of a stock sounds like it is related to electronics, regardless of what the company actually does, then the stock price will go up desperately. For example, American MusicGuild, which only goes door-to-door to sell records and gramophones, changed its name to "Space Sound" before going public, and its shares were issued to the public at $2 per share, and the stock price jumped to $14 within weeks. ”

"Do you think that's too much? No, this is just the beginning......"

"There's a nice little company that's been making shoelaces for 40 years, and the stock price is modest but very decent, with a price-to-earnings ratio of 6 per share. What does that mean? The market value of a stock is deducted by the company's annual percentage return. It's a good indicator of the quality of a stock."

The company name was changed from "Shoelace Co., Ltd." to "Electronic Wafer Furth-Burners Co., Ltd." In today's market, the words "electronics" and "wafers" are worth 15 times P/E. But what's really funny is the word "furth-burners", and no one understands what it means. But a word that no one understands qualifies you to double the entire P/E ratio. In this way, the shoelace business has a P/E ratio of 6x, and the "Electronics" and "Wafer" have a P/E ratio of 15x, for a total of 21x P/E. Add "furth-burners" and multiply them by two, and the price-to-earnings ratio of the entire new company reaches 42 times. ”

"So, what about the SEC during this period, isn't this the watchdog of our capital market? Isn't it mandatory for a new share issuer to apply for registration with the Securities and Exchange Commission when issuing new shares? Shouldn't issuers (and their underwriters) be penalized for making false and misleading statements? The answer is all yes."

"The SEC is also doing its regulatory obligations and they are actually doing very hard, but according to the laws and regulations, it can only sit on the sidelines. As long as companies prepare (and provide investors with) compliant prospectuses, the SEC is powerless to prevent investors from suffering the consequences. ”

For example, many prospectuses during this period had the following types of warnings printed in bold on their covers. Risk Warning: The Company has no assets, no profits, and will not be able to pay dividends in the foreseeable future. The Company's shares are highly risky. ”

"Who did all this? Of course, those professional investment institutions! After the bubble bursts, will anyone be responsible? And no," Carl Wright shrugged.

"The story isn't over yet...... In 1962, the electronics boom disappeared. Yesterday's hot new stocks have become garbage today, many stocks have been quietly delisted after two years of excitement, and many professional investors refuse to admit the fact that they are blindly speculating recklessly; A few argue that it's always easy to look back and say when a stock price was too high or too low; Still fewer say that no one seems to know what a fair price a stock should be at any given point in time. ”

"Look, these are the words of professional organizations themselves!" Carl Wright sneered, "I have a lot of written records here, and it's all the words of these professional investment institutions themselves - stock prices can't be determined in advance!" ”

"In that case, how dare they pat their chests and think that the national theater chain is garbage and should be delisted!"

"I don't understand, in just a few years, I originally admitted that I was a good eater, but suddenly became a valuation authority in theaters across the United States, and ridiculed retail investors for not knowing how to invest, which is really funny."

"Carl, are you a little excited?" Megan started playing round.

But it's just a superficial effort, and the real information has been transmitted to thousands of households through the airwaves.

"The next bubble is called synergy, which means that two companies that have nothing to do with each other can merge to make a wonderful increase in price-to-earnings ratio, which is also valuation."