God of stocks chapter 415

Chapter 415 The Political Playfulness Caused (1)

When I first made a loan transaction, I was so awkward that it took time to get used to concepts different from general trading. However, after several times thinking that it was the opposite of the usual trading, I quickly got used to it. And now, with a lot of experience accumulated in a short period of time, I have the confidence to do as well as the original trading like an ambidextrous person.

And now I can better hold a sell position than anywhere else.

“It’s okay if the US countermeasures are not small? I think this might change the flow.”

“It’s not a small countermeasure as you say. However, the market is likely to require measures that have not yet been used. The market will not cool down until the card is released. Of course, the market doesn’t even turn around just because that countermeasure comes out. But first of all, I think the basic requirements have to be attached to other measures after the measures come out.”

“A measure you didn’t use? What is it?”

He had already pledged to invest 700 billion dollars in funds. However, in that situation, it seemed that it was not easy to understand that they were asking for a larger card.

No matter how much I thought about it, no card seemed to be bigger than the $700 billion in funding.

Lee Sang-hoon laughed at the appearance and began to talk about what he was thinking.

“The US interest rate is over 5%. The market plummets with the story of the financial crisis and the collapse of the financial market, and interest rates are being set when the war against Iraq. It looks like something isn’t shy. As a result, the bond market started moving first, asking for rate cuts. Due to the market interest rate that moved first, the gap from the standard rate is widening. You will have to overcome this difference.”

“Are you talking about a rate cut?”

“Yes. No matter how much liquidity you supply, you can’t beat the rate cut. Market fluctuations will not subside unless the US government cuts interest rates.”

In the last US interest rate decision, the bond market strongly demanded a rate cut. However, contrary to those expectations, the US decided to freeze interest rates and took a very different attitude from market expectations.

Lee Sang-hoon thought of it.

And this thought was not something Lee Sang-hoon thought alone.

Every day, the US media demanded a bigger measure than the liquidity supply, and the card for that measure was to cut interest rates. It was the media’s demand to make a strong response to the market by cutting interest rates.

However, until now, the US government, including the FRB, has shown an effort to calm the market with liquidity supply, avoiding mention of a rate cut. Whether they thought that was enough or that they shouldn’t be taken out yet, they were making a gesture as if the interest rate was not cut yet.

Until now, the story of 700 billion dollars worked well, but it was unknown how long the market would be shut down with this story alone.

Lee Sang-hoon was thinking that when he would bring out an interest rate cut, that would be a starting point to reverse the mood.

“Then, where will the next cleanup target be? Can I think of it as around 1,300?”

Until now, it has always taken at 100 digits exponentially. So, of course, the next target was 1,300 and asked.

However, Lee Sang-hoon looked a little deeper.

“From now on, let’s go in while looking at the situation instead of seeing 100 positions as support and resistance. It could be 1,300 or 1,270, and it would be nice to think that the index is now meaningless. Act according to the situation, not the point.”

All the employees who realized what Lee Sang-hoon was saying nodded.

Since the market conditions have changed rapidly and volatility has exploded, all the meaningful index bands of the index have become meaningless.

SH Partners, who set up a simple operation, looked at the index while aiming to sell again from the next day.

In the United States, continued measures were coming out one after another.

There were reports that the government could buy a trillion dollars worth of bonds, which is 10% of residential and commercial mortgage bonds, and there was a strong talk that the government would not watch for the spread of embers elsewhere after the Lehman crisis. They showed an effort to stabilize the market.

However, the story of 700 billion dollars seemed to lose power. When I first heard it, the atmosphere was overwhelmed by its size alone, but listening to this often made it seem that it didn’t feel that big.

Rather, as time passed, voices mixed with concern about whether this could cure the fundamental crisis of the financial crisis even grew. In particular, it was not possible to create the same atmosphere as the beginning, as there were more and more articles criticized by the media that small financial companies such as local banks could rather be hit.

In addition, the opinion that this liquidity supply could lead to the expansion of the US fiscal deficit was added, and doubts about the effectiveness were growing.

The US showed a decline of more than -3% again in response to such a change of perspective, and it seemed to dampen expectations for an increase, but Korea took a different course than the US.

“magneton. I get the timing. I prepare.”

Even though the US showed a sharp decline, Korea seemed to be starting from weak consolidation. And as soon as it started, the index, which had been slightly pushed back, began to rise again, approaching 1,500 closely.

The employees of SH Partners did not slow down and stepped down the volume of the incoming purchases and signed them.

The government announced regulations restricting short selling to foreigners, and in addition to the liquidation of short selling, Warren Buffett’s purchase of a stake in Goldman Sachs after the end of the U.S. market acted as a good news, indicating that it did not tolerate a decline in the market.

“It seems to be a godsend that we switched the sale through lending rather than short selling. If it were a short sale, I think we would have to pay a loss and liquidate the quantity just like foreigners are proceeding with liquidation.”

“Short selling is a part that can be regulated at any time because it hits an unlisted quantity. And the US is also increasing its regulations to limit short selling of financial stocks and large stocks, so it was possible to hit the ban on short selling at any time. However, the situation is different for loan transactions. It’s not easy to restrict regulation because of the quantity in the ledger. One thing you should enjoy is the announcement of the balance sheet, but just talking about the stock is useless to anyone.”

“I’m really glad. Well, rumors have been around since early on, but it seems that the timing was devised to change the atmosphere to a short sale regulation.”

“right. Thanks to that, we are getting all that quantity, so I think we should be grateful.

Hee-yeol Kim was satisfied that the commission rate due to the loan transaction was so expensive that he could call it a bond in the stock market, but he could hold a position with confidence. And Lee Sang-hoon also thought that it would be better to position comfortably even if you pay a lot of interest because it is regulated.

The index continued to rise and at one time showed a figure of retaking 1,500.

However, the index, which ended at 1,495 with a slight push at the last minute, passed 1,500 recaptures to the next day.

SH Partners continued to strengthen their selling position the next day.

The index, which had fluctuated over 1,500, secured 1,500 as the closing price and ended at 1,501.

“CEO. It is finished.”

SH Partners, who was able to close the position only after reaching the closing bid price, was able to fill the account with the short position once again, with the surplus fund of 100 billion won.

“I secured 1,500 at the closing price, would it be okay?”

“Now we have to go in prayer and sale.”

“Yeah?”

Hee-yeol Kim was surprised at the words of Lee Sang-hoon, who gave it like a joke, and looked back at the employees next to him.

However, although he did not express himself, Lee Sang-hoon was praying in his heart.

The moving average line of the index, the 10th and 20th lines, had a golden cross, and the figure that was pulled down to the 60th line went sideways as it is, and there was nothing to say even if the direction was turned.

In addition, although the downward sidecar and the upper sidecar appeared in succession in September, there was great volatility, but the progress in the form of beekeeping on the moon was making people think that the current volatility was not volatility for inflection.

Still, Lee Sang-hoon recalled the book and the words of Jo Young-jin.

‘The book still hasn’t announced the next seat, and Director Joe said that it will not end like this. I have to go with it. When I shake, everyone else shakes.’

Lee Sang-hoon looked back at the employees who were looking at him.

Lee Sang-hoon thought this way, but I could only know what other employees were like with their eyes.

“Good job. Then let’s watch until the next seat is available.”

Lee Sang-hoon returned to his room. It was because it seemed that their shaking heart would be conveyed to him by staying with other employees as they are.

Fortunately, from the next day, the rise showed a slight decline.

This is because talks about the difficulties of small business owners and SMEs arising from the decline in the US stock market due to fears that Congressional approval of the US bailout will be delayed and the interest rate hike that has been briefly entered due to the Lehman crisis were raised.

In addition, it became an issue that Minister Kang XX said that the rise in the exchange rate and the policy of the high exchange rate are completely different, and that this year’s rise in the exchange rate is just a bounce of the exchange rate that was pressed during the last government.

The rise of the current exchange rate was not the current regime’s fault, but the market’s belief in the government had once again disappeared due to the attitude that the former regime blamed. It was even doubtful that the government had a philosophy on economic policy for not showing responsible behavior and blaming the former regime unconditionally.

As the last day of September is approaching, the minister should not speak in a position waiting for the result table that the policy that tried to create a current account surplus with the high exchange rate policy at the beginning of the regime was unsuccessful with the expectation that the current account deficit would reach 10 billion dollars. It was only after talking.

The index returned 1,500 recaptures and turned downward again.

“How did it go?”

In the evening, a cool breeze blew, but Lee Sang-hoon, who had just arrived at the office, had sweat droplets on his forehead.

“Turning down. I am going to see the 1,450 line again. It looks like you’re waiting for window dressing on the last day after putting it on the 20th line? How did you go?”

“Going crazy. Money has been burned again.”

“Will you get some money again?”

Lee Sang-hoon, who went to the monthly National Pension Headquarters attendance, urgently checked the chart. If you recall that over the weekend, JPMorgan raised the Dow with the story of its successful $10 billion in large-scale financing, the KOSPI’s decline seemed surprising.

“Why is this missing?”

“The Washington Mutual went bankrupt. I guess the United States can’t do anything. The US$700 billion bailout bill was not supported by Congress, and the Washington Mutual went bankrupt as they fought each other by delaying time.”

“It turned. Wasn’t that the bailout bill that was all reported by the Congress? Well, it’s good for us if we keep falling behind, but their councils aren’t much different from us.”

“Surely. No matter how important the bill is, first of all, the bill announced by the opposing faction will be passive if you attach a legislator badge. Well, there is nothing to say that their country is ruining them, but if the United States is that shit, what about other countries that only look at the United States.”

The Washington Mutual’s bankruptcy had a slightly different implication to the market than Lehman.

Unlike Lehman, who actively trades between countries and financial institutions rather than private transactions, Washington Mutual has a large proportion of individual customers, and Washington Mutual’s bankruptcy conveys to the market that American individuals’ debt and repayment rates are going to be irreversible. It was.

The United States’ GDP was far below expectations, and the merger of Wachovia and Citigroup and the news that the British mortgage firm was also unable to withstand the current situation and took steps to nationalize it to avoid bankruptcy. The financial crisis that was intended to be limited to the United States began to spread to other countries.

The nationalization of British mortgage companies showed that all mortgage companies in the euro were in control of the current situation and made the situation difficult enough for the European Central Bank to enter an emergency meeting.

“By the way, what do you mean, you got money again?”

“Don’t say it, we were the only ones with a positive rate of return, and XX Securities was kicked out by taking -8% in the middle of this.”

“so? Has the amount allocated to us increased again?”

“I see. Even if I give it now, it’s difficult to deal with, but it hits a goal.”

“Don’t you do it to use the National Pension Service as our bridesmaid? Why keep increasing our allocation amount? This is what makes us all wipe out.”

“There is no place to properly make a profit because it has no choice but to. And since we have a far higher rate of return than others, we have no choice but to increase the allocation amount to us. But it keeps burning, so this is a bit burdensome.”

“Then what are you going to do? I was thinking I was falling for the right time, but are you going?”

“I think it should be. It’s the end of tomorrow, so watch it carefully, and if it rises, strike it together.”

“Today burned?”

“Should be. I can’t buy what I burned today.”

Lee Sang-hoon sat down on a chair and breathed for a while, shouting his face with a hand fan.

Lee Sang-hoon left the office, confirming the appearance of the past market that has passed without much trouble. I went home thinking that I would like to lie down in a hot tub and drink a cool cup of Coke.

Lee Sang-hoon went home and went to bed after doing what he had dreamed of on the way home from work. Lee Sang-hoon went to bed earlier than usual because he drank a can of beer that he did not drink well after soaking in the bathtub after a long time.

Follow me.

“what?”

Lee Sang-hoon opened his eyes hard. Seeing that the room was still dark, it looked like midnight or dawn before dawn, but the phone was ringing.

korean novel God of stocks chapter 415

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