God of stocks chapter 412

Chapter 412 The moment when imagination becomes reality (4)

Lee Sang-hoon hung up the phone and sat down on the sofa in a weak state.

I called Jo Young-jin to calm the feeling of being angry, but after talking with Jo Young-jin, I felt as if my heart that had been infuriated has fallen deep into the ground.

It wasn’t that I didn’t think it would end like this. However, when I heard such a story through someone else’s mouth, it seemed that my mind was getting worse.

Lee Sang-hoon sat down on the couch and watched the continuous Lehman news. Broadcasting with Lehman News all day looked like it was going to dominate.

From about lunchtime, Lee Sang-hoon’s phone rang like a fire.

From the employees of SH Partners, to the executives of each securities company who faced each other as if they were passing by, calls poured out asking for their opinions on the current situation.

After hanging up one phone, there were five or six text messages. The Chuseok holiday was not over yet, but the market seemed to have already started.

Lee Sang-hoon told Kim Hee-yeol that he would come to work and left the house wearing clothes.

On the way out, Min Yoon-seo contacted me. She also called with a voice worrying about seeing the news, but reassured her by joking that she could buy Yeouido if this situation does not.

Even in the current situation, she seemed to be relieved after hearing Lee Sang-hoon’s voice making jokes.

Lee Sang-hoon, who arrived at the company, saw employees who have already arrived and are monitoring the situation. Most of the staff were guarding the office with me. Lee Sang-hoon said to them that he was working hard, and received a report of the situation.

“CEO. Japanese and Taiwanese stock markets are facing a plunge. Nikkei -5% and Taiwan are falling close to -6%. It has been said that the opening of the stock market may be postponed in Arab countries.”

“Currently, each securities company has entered an emergency meeting, and the government has convened all relevant ministries under the control of the Blue House.”

“I got a call from Hong Kong Chairman Tang.”

“Chairman Tang?”

Lee Sang-hoon was surprised to hear from an unexpected place.

“I got a call asking you to contact us by checking how much money you can withdraw from Chairman Tang and if you can afford it. What should I do?”

Lee Sang-hoon took off the coat he was wearing in the story of Chairman Tang and threw it nearby. Then I paused and thought about the unexpected story.

Employees closed their mouths for a while and looked at Lee Sang-hoon, who had been locked in thoughts, and Lee Sang-hoon cleared his thoughts for a while, looked up and looked at the employee who told the story of Chairman Tang.

“okay. This can be happen. Please confirm. First of all, let me know the amount you can turn into cash right now and how to deal with it in the event of Chairman Tang’s return on investment. And this kind of fund recovery may not be done only by Chairman Tang. Please be prepared for MMK’s fund recovery.”

“Why are they trying to recover money?”

“I’m not saying you’re trying to recover money. As I said to my sister, the amount invested in us is like a penny for them. However, when things change rapidly, you’re probably trying to check to see how much money can be converted into cash. You don’t have to panic.”

“Is it? Wouldn’t it be a waste to collect funds at the right time?”

“It’s not a waste. It’s not bad to rob everything at this time.”

Hee-yeol Kim looked at Lee Sang-hoon, who was calm, even though he heard that he might recover the investment.

“I can’t adapt. When we were together, we heard about President Tang’s side and said we didn’t know what to do, but the CEO seems to be okay.”

“Isn’t that good? What do you mean by that rich Chairman Tang’s side has also entered into the funding? That’s not the usual situation. Let’s check first? How is America going now?”

Lee Sang-hoon simply grabbed the arm of the t-shirt he wore and rolled it up and went out to check the Asian market where the stock market was open.

The countries that opened the stock market as reported as received as soon as they arrived at the office were unable to avoid the collapse of the tribe.

In the case of some countries, it appeared that they were striving to make up for the fall in the initial price, but it started to decline so greatly that the strength seemed to be insignificant despite the hard to rise.

“Will our Korean circuit break tomorrow?”

“Circuit? no. It won’t burst.”

One of the staff asked a question while looking at a NASDAQ gift showing -4%. However, Lee Sang-hoon shook his head at the question.

“Show me the positions of the market players over the past month.”

At the direction of Lee Sang-hoon, the positions of individuals, institutions, and foreigners who traded in the market for one month were displayed on the screen.

“look. For foreigners, it doesn’t mean much because they are selling every day… … . In the past month, individuals have sold and institutions have bought. In this situation, it may be possible to drop by widening the gap to the initial price, but nothing more than that drop. The organ is not still. They haven’t completed their positions yet, but they are not the ones who will be watching the collapse.”

“Wouldn’t it be possible if the US continues to decline?”

Other employees also shared their opinions if they were thinking the same as the employee who asked. Lee Sang-hoon shook his head even at the story.

“There is a problem, and measures will come soon to close the problem. I’ve heard that the BoA and Merrill Lynch are currently negotiating, and the US government is hoping that the negotiations will go well behind the negotiating table. AIG is also said to be ready to release a self-help book. You can’t hope to keep getting out of this situation. There will be a rebound. And in anticipation of the rebound, our index will also stop at a certain position.”

“is that so? By the way, where did you hear about BoA and AIG? Such a story has not yet appeared on the news.”

“I have my own source of information.”

Lee Sang-hoon did not say that he had heard of MMK’s Cho, but instead replied with laughter.

Lee Sang-hoon and the staff comfortably shared their opinions on future measures. And I spent time writing scenarios over various situations for the upcoming stories.

As the evening drew near, the European market began.

Europe showed a deep decline, taking over the crashing baton of the Asian market. In terms of weight, Germany’s Dax index, which is comparable to the New York Stock Exchange, also showed a plunge of more than -5%.

Lehman’s bankruptcy became a reality after news that the bankruptcy court in New York was disapproved and the investigation into liquidation began quickly.

Before the start of the US market, many stories were spoken in the US to calm the current situation.

The news that Merrill Lynch, who is Lehman’s next hitter, turned over the company to the BoA with the help of the US government, and AIG’s self-response came out in a row, trying to create an atmosphere of no next to Lehman.

But Lehman alone was already enough to upset the market.

At the talk of the debt being over $600 billion, countries were busy grasping the amount of Lehman’s bite, and the Korean Bank of Korea worked hard to get the money from Lehman.

The story of the bank of Korea’s New York office employees asking the New York Fed to recover the funds invested in Lehman to extend the transfer deadline by one hour and withdrawing money by tapping the keyboard with their hands has been reported.

In the end, the market that fell without help was forced to look only at the United States.

As it was the beginning of the situation, he was hoping for a solution to be done in the United States.

However, the United States was also unable to find a solution. The market with the heaviest weight in the world, with a huge gap drop from the start, has seen a drop of -5%.

In particular, the collapse of financial stocks was noticeable.

In the case of AIG, which is striving to live by releasing self-help books, it fell 30% on Friday, followed by a 60% drop on Monday, the day of its release. In just two trading days, it showed a record crash of 80% compared to Thursday.

Merrill Lynch’s sale price was reportedly worth $50 billion, and the Lehman crisis in the United States was approaching a point out of control to the point that it was said that the economy was sinking.

The Lehman crisis did not just affect the stock market.

Oil prices, which shook the stock market just a month or two ago, broke $100 and entered the $95 range, and other commodities also showed a slump, showing that Lehman’s confusion is not limited to the stock market.

In the bond market, the possibility that the FRB would cut the interest rate by 25bp when the next interest rate decision was made, triggered a plunge in US Treasury yields.

Market players took it for granted to cut interest rates, and they were on the verge of debating whether the time of the rate cut was when the interest rate was decided or whether it would be a day other than the regular decision date in the form of an emergency cut.

“I have nothing to see. Let’s go in and go to work early tomorrow morning to prepare for tomorrow.”

Kim Hee-yeol got up from the sofa and brushed her ass. The time was already passing 12 o’clock. Rebound Down After showing a drop of -5% at the beginning of the year without a rebound, there was no expectation of any solution within today.

“I’ll go in first. Oh”

Hee-yeol Kim asked, looking at Lee Sang-hoon, turning around while holding the door of the office.

“What would you do if the circuit came out tomorrow? I said that the circuit is not coming out, but what are you going to do if it does.”

If the US market, which showed a slight but decline on Friday, was further slumped on Monday, a circuit could come out as Kim Hee-yeol said.

And Kim Hee-yeol, who remembered telling him that if the circuit came out, he would release the short position he was holding, asked Lee Sang-hoon his intentions.

“When the circuit comes out, of course you have to release the short position. But it doesn’t come out. Don’t worry about that, go in and take a rest. Even though it was a holiday, I had a hard time staying with me.”

“Is I in the office to be with you? I am also an employee of SH Partners. Don’t uselessly thank you with your heart, but you just need to unlock your gratitude financially.”

“Hahaha. do not worry. When did I ever feel sad about money?”

“Well. So my mother likes you. The incentive I received this Chuseok was because I gave it to my mother’s bankbook. Then I go first. See you tomorrow morning.”

“Yes go in.”

After Kim Hee-yeol left, only Lee Sang-hoon was left in the office.

He looked at the KOSPI chart and fell in thought. As long as I came here, I thought it was a problem from now on.

He yelled out to Kim Hee-yeol that he would come out when the circuit broke out, but Lee Sang-hoon did not expect it either. The reason that the circuit burst is because it was difficult to come out that much.

Hearing Cho Young-jin’s words would intensify confusion, but I was only worried about where to rob.

“Should I brush it up this time and hold it by number? There is something regrettable about that… … . I don’t think the situation will be closed like this… … . Keep holding and endure until it is sealed… … . Hmm.”

It was Lee Sang-hoon, who has been insisting on only one position for several months. I was thinking that it could be a good choice to consider switching slowly.

However, the words of Jo Young-jin, who kept talking on the phone in the morning, lingered in my ears.

“Will something deeper than the Lehman incident happen? This alone is severe… … .”

Lee Sang-hoon looked through the chart to find the spot, and time kept running and running toward dawn.

***

“It’s a side car.”

Only 30 minutes have passed since the market started.

The global financial markets were expected to start with a gap due to the impact of the previous trading day, but the gap was wider than expected.

The index, which started at 1,387 after falling 90 points at once, breaking the 1,400 range, showed no signs of recovery and continued to fall.

“A little earlier, there was an announcement from the Financial Services Commission. The scale of derivatives bitten by Lehman in Korea is $720 million.”

Lee Sang-hoon held back his laughter as he watched him talk without excluding the amount of 7 trillion he had been bitten by the BOK.

‘If you have recovered the funds, you don’t have to be bitten right now, so there’s no need to disclose it.’

Lee Sang-hoon said with a small smile.

“You haven’t been bitten more than you thought. Will it have any effect though? How are securities stocks going?”

“Most stocks started with a lower limit.”

“Also… … . What about bankers?”

“It’s down more than 10%. In the case of local banks, like securities stocks, they have entered the lower limit and are not resolved.”

“The atmosphere is terrible. It looks like it will collapse all the time. Isn’t the chart completely broken?”

“It’s tough, but it doesn’t end like this. Didn’t I tell you? 911 time. At the time, the accident broke out and the circuit appeared on the same day, and the market seemed to collapse, but the very next day was due, so the market was lifted. In the sudden crash, the jackpot hit 500 times that day, but only a few people ate it. However, when the next day expired, the top sidecar burst and people who ate 100 times came out. And after moving sideways for a month at the KOSPI 480 line, it hit the 700 line at once. At that time, the call was probably over 600 times upwards.”

“is that so?”

“People remember only the strong downside, so they don’t remember well. The 9/11 jackpot was just a foot in numbers, but it was just an event that didn’t make much sense to the crash that didn’t give us a chance. I think the same is true this time. The index is likely to collapse, but it will not easily collapse.”

Lee Sang-hoon looked for historical charts and historical data with interest. I knew that patterns change over the years, but human psychology does not change, so I thought it was a hobby to look for a situation in the past to confirm the past.

“Then, do you think it will be like that again? Rising after sideways?”

“no. I think I could have one this time.”

“One twist is… … .”

“In the past, I think that if you hit it upward after sideways, this time you could pretend to twist it up once and then collapse again. First of all, let’s try to sell again. To do that, we have to organize first, right?”

“Organization? Didn’t you say you didn’t organize until the circuit came out?”

Hee-yeol Kim was surprised by the sudden reorganization and looked at Lee Sang-hoon.

korean novel God of stocks chapter 412

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