God of stocks chapter 419

Chapter 419 World No. 1 KOSPI (2)

Lee Sang-hoon laughed at Kim Hee-yeol for a long time. As he said, the story was sweeping the market with a story that somebody would not be interested in, but someone else thought it was more important information than anyone else.

And now, his words were taught by the sages, and even those who believed were appearing.

“There are people who spread malicious rumors on the Internet. He uses the name of the goddess in Greek and Roman mythology, and he seems to be driving the current situation into conspiracy theories. So people like it more. You know. I mean, there’s nothing more compelling than conspiracy theory. It’s amazing to dig into that psychology and talk about it, but it looks more plausible than anything else.”

“Conspiracy theory, isn’t it always the funniest story? Like a lie that a person went to the moon or that the earth is flat. But why?”

“Because the current atmosphere in the current regime is not so bad, this conspiracy theory can be held to the blame for market turmoil. Why do you have that? It’s like we’re driving it like this because of you, and we’re not wrong, and we all reacted excessively to the story he made up. And we can get that doubt. So, don’t write anything on the Internet and buy it.”

“U.S? Did you write something?”

“Is there anything I can do? No one hates conspiracy as much as I do, but what are you going to write about that? However, as we continue to hold the sell position, it could be suspected as the source of the conspiracy. If you don’t know, pay attention to the staff and tell them not to write anything like that. It doesn’t end with a license revocation.”

“Is that enough? Is it that serious?”

“Please take the time to look at the text. It is a spectacle. Now that people like it, it’s surpassing the water level. In the meantime, it may be pointed out as the cause of all things.”

Hee-yeol Kim was curious about how much of the story Lee Sang-hoon was talking about. Kim Hee-yeol nodded to understand, and then left Lee Sang-hoon’s office, saying that he would read his article first.

Lee Sang-hoon sat down with a phone.

The index broke down the 1,360 line, where the previous low was in place, and ended at 1,358. The KOSDAQ had already stepped into the market collapse, far from its previous low.

The 1,360 units were places where they were suspected of being a national pension, and tried to protect them by stabbing 500 billion won into Ohsung Electronics. The collapse of such a place made me worry about the future.

***

“Shall I say that it holds this well? Or is it because the depth of the decline that has come out is deeper than elsewhere? I think it’s funny.”

All of the SH Partners employees were not seated. Everyone was laughing at the charts filling the office walls.

The US Dow Index has broken the 10,000 mark, a meaningful index. In the aftermath, the Brazilian stock market closed twice a day, and the Russian stock market panic of -12%.

Of course, it is unreasonable to compare such a market with the Korean market, but it could not be said that Korea, which has not yet been incorporated into the developed countries index, is better than them.

However, Korea appeared to be entering the positive zone despite the collapse of the Dow’s 10,000 line the previous day and the -5% decline of the Nasdaq.

Considering the story that the foreign exchange rate has risen above the 1,300 won range and the US Federal Reserve and the Treasury Department are preparing for emergency measures as they have entered the “panic” market even in the bond market, the appearance that cannot come out is coming out.

The sidecar was activated for two days in a row on the KOSDAQ, and the collapse of the 400 line was ahead, but the KOSPI was a plus. SH Partners, which is holding a position by selling in bulk, seemed to have inherited KOSDAQ’s panic.

“Why is this like this?”

“Surely. driving me crazy. You need to know why to respond. Why is this? Why are you climbing?”

Kim Hee-yeol looked at Lee Sang-hoon and asked, but Lee Sang-hoon did not know. There is a part to be guessed, but that was only a guess. Lee Sang-hoon tried to confirm the movement of the other side rather than answering, as there was no way to guess the current situation.

“What about the exchange rate?”

When Lee Sang-hoon spoke, the person who was next to me checked the exchange rate and told me.

“It’s 1,328 won.”

“Wow~. How much has risen. Did you get another 60 won today? It turned. Was it 70 won yesterday and 60 won today? Well, there is no such thing as a meaningful index of 1,300 won. It just flies into the sky like a space shuttle shot. Still, is the stock market rising? What happened to this?”

“The problem is that even though the Bank of Korea has executed 5 billion dollars to set the exchange rate, there is a story that 60 won has risen. There are rumors in the market that the Bank of Korea may execute funds again.”

“Even though 5 billion dollars were executed, 60 won rose? Fuck. You still can’t hold the exchange rate? It turned. I even borrowed a dollar webbing machine. I don’t believe that the exchange rate will drop unconditionally if I sprinkle it wildly, and it’s a shit. Then let’s fall a little bit… … . Why not? Oh it will turn.”

Kim Hee-yeol couldn’t stand it and sweared and screamed. And the voice spoke for the hearts of other employees.

From the perspective of SH Partners, who only make profits through elimination, the index was resentful.

“Are you buying from an institution?”

“In the program alone, 500 billion purchases are in progress now. Leading by electricity and electronics, the top stocks in the market cap, including construction and securities, are rising all at once and raising the index.”

Lee Sang-hoon nodded and looked at the phone.

The phone ringing from yesterday continued until dawn. He did not answer the phone deliberately and avoided calls to the office by saying that he was away due to work in the house.

“Do you know why this is doing this?”

Hee-yeol Kim asked Lee Sang-hoon on behalf of the employees. This is because only Sang-Hoon Lee, who had seen a perspective of seeing through the market so far, seemed to be able to explain the current state.

“do not worry. As always, we just have to follow the market movement. If the market does not fall, there is a reason why it will not fall. Let’s clean up and go in.”

When Lee Sang-hoon didn’t talk properly, Kim Hee-yeol was frustrated and tried to ask again, but Lee Sang-hoon went into the office.

Eventually, Kim Hee-yeol couldn’t stand it and went to Lee Sang-hoon’s office. And as soon as he entered the office, he touched Lee Sang-hoon’s desk with both hands and pushed his face toward him.

“You know why?”

“Reason? I have a rough guess.”

“But why didn’t you talk. I have to tell you. We’re all embarrassed by this situation right now, isn’t it right that we should tell you?”

“It’s good that you don’t know.”

“Why?”

“Why. Why does this rise? Even if I didn’t tell you, the quickest people in the staff would have noticed.”

“okay?”

At the words of Lee Sang-hoon, Kim Hee-yeol took his hand off the desk and turned his gaze toward the air with his arms folded. After about 10 seconds had passed, I opened my eyes wide and looked at Lee Sang-hoon and said.

“this… … .”

“okay. That’s it. Why can’t I answer the phone? I’m singing again. What would you order if you call? Isn’t that obvious? It’s better not to just say no and not go to the place to hear stern sounds. I don’t want to release my position.”

“Really? Then what if you hate it? Isn’t it better to just do what you ask for?”

“I have ideas too. So don’t worry.”

“Why don’t you worry? I don’t know what will happen if I look bad, but I’m worried of course.”

“Do you know what our biggest weapon is?”

Lee Sang-hoon got up from his chair and smiled as he looked at Kim Hee-yeol. Kim Hee-yeol shook his head as he stepped backwards without knowing whether Lee Sang-hoon, who smiled even in such a situation, seemed strange.

Lee Sang-hoon looked at Kim Hee-yeol, turned to the desk, and sat down on the desk and said.

“Our biggest weapon is that we are now in bulk selling.”

“What? That’s why the biggest weapon. Isn’t that your biggest weakness?”

“No. The sale we hit is a loan transaction that can be settled at any time. But think about buying it on the contrary. You need money to buy. But if you buy it again in a situation where you have bought a lot, you can buy it from where the money comes from. Take a brokerage company, for example, that they need customer money to buy. However, customer money is running out of securities companies enough to worry about the fund run. Will you be buying in such a situation? It is difficult to unilaterally buy the national pension, which is piled up like a pile of money. The National Assembly has set the ratio of national pension funds that can be put into the stock market by law. Whether it’s an institution or pension fund, we don’t have enough room to buy it now.”

“so?”

“In the current situation, it means that there is nowhere to hold a buy position as much as we do in one shot. no. Maybe I can still buy other places right now. That’s because the Korean market, which showed a plus today, when the global market fell into panic. But how long will it last? Can’t go long. What will happen in a day or two, but keeps this condition in the institution? I think it is impossible even if a bundle of money falls from the sky.”

“Hey. What if you believe so much and press it down from above? It’s dangerous. It’s important to make money, but I’m afraid it will be dangerous.”

“What’s wrong? When the index rises? OK. Because it is impossible for the index to rise here. The US market has already blown downwards, but we hold on. Markets all over the world are hitting the bottom, but we haven’t even started. However, it is not that Korea’s own economic market is strong. You know it too. The exchange rate penetrates even 1,300 won. The BOK pours billions of dollars every day and tries to catch it, but there is obviously a market that cannot be caught. There is no such thing as I have two sides of the sky.”

Hee-yeol Kim could not help but believe in Lee Sang-hoon’s firm tone. Among the appearances I have seen during the past year of working together, I was in a position to look the most intense.

“But yesterday, didn’t you tell me to loosen your fingers and get ready?”

“okay. Since I am a person too, I can’t always ignore the country’s instructions. And once you do what they ask you to do, even if you sell it again, you have something to say. I’m going to organize them anyway, let them stand up and we have something to say… … . I have to use it.”

“You’re sorting out and selling again? Where are you going to organize it.”

“I climbed to the 1,320 line today? 1,200 let’s go.”

“Not 1,300, 1,200? Hey Are you sane? The 100 point drop from now on is qualitatively different from the 100 point drop from 1,900 before. If you scored 100 points on a 5% decline in the past, now you can only get out of 7% or 8%… … . The circuit has to go into control.”

Lee Sang-hoon folded his arms and laughed at Kim Hee-yeol’s words.

“The Dow broke the 10,000 line, and the Nasdaq broke even the 1,800 line. And the KOSDAQ knocked over 400 lines without difficulty, like breaking a kennel fence. It’s not strange if Kospi is playing at 1,200 right now. It was forcibly caught, and it was in the mid-1300s. The index zone in Korea is in an abnormal state.”

Kim Hee-yeol shook his head at Lee Sang-hoon’s words.

“My heart will stop working with you. Are you crazy.”

“If the market is crazy, you shouldn’t be sane. Wouldn’t it be possible to buy and sell only when we go crazy together?”

“Ugh. Again. Again. I do not know. I would do what you told me to do… … . Don’t overdo it. It’s bad for the heart.”

“I have a strong heart.”

“My heart is bad.”

Lee Sang-hoon laughed at Kim Hee-yeol’s words. The stock market was already going crazy.

Even Japan’s Nikkei broke the 10,000 mark during the intraday, and panic was out of control. In such a situation, Korea’s unique plus ticket seemed impossible to explain.

However, Lee Sang-hoon was rather comfortable because he could guess that this situation was happening.

And in the United States, which is the driving force that enables us to have such a comfortable mind, it seemed to continue a sharp decline every day as if to laugh at the movement of the Republic of Korea.

The FRB did not cut interest rates, but countries have begun to pull out rates cut cards, which are the most powerful measures to overcome the current situation. And it was shown that this movement of coordination caused harmony around the world. The FRB decided to directly purchase CP and took measures to alleviate anxiety in the short-term financial market, raising expectations for the rise of all three major New York markets.

But it’s only for a while. It was announced that the BoA would issue $10 billion of common stock to prepare for amortization losses caused by the credit crisis.

BoA was a place where it took over Merrill Lynch, which was about to collapse in the current situation, and took over the role of a white knight. At the news that such a place would issue $10 billion of common stock, the market thought it needed capital raising for the entire financial sector, and a forgotten fear began to sweep the market.

The Dow and S&P fell more than -5% while the Nasdaq fell -6%. The S&P ended at 996 with 1,000 points falling, just like Dow’s 10,000 points collapsed the previous day.

When it broke through saying that it was a meaningful index, the index band of Dow and S&P, who made a cake on the New York Exchange, paused the market for a while and celebrated, collapsed in turn over two days.

“surely. It won’t rise again today.”

“I don’t know. It will rise again today.”

Lee Sang-hoon said that he might rise, but he thought that it could not be the same as Kim Hee-yeol.

It was the Nasdaq, which dropped 17% during the six trading days. In the past, it was the speed and depth of the decline that seemed to have occurred, but Korea was still hovering around the previous low.

It was unusually strong enough to come out of the media as if Korea was proud of being the strongest among the global markets.

The government was boasting, not boasting, saying that such a strong figure shows the strength of our economy, but no one listened to this immediately.

This abnormal appearance will not last long, and the thought that the aftereffects will come out more seriously because of the people who created this situation is no longer the idea of ​​Lee Sang-hoon alone.

The market thought it would someday turn into a normal trend, and hoped that the bomb would not detonate when such a situation occurred.

korean novel God of stocks chapter 419

Previous

|

ToC

|

Next