God of stocks chapter 423

Chapter 423 Revealing Enthusiasm (3)

Amid the agency’s purchase, the Ministry of Finance wanted SH Partners to join.

“It took control to 1,320.”

It was a KOSPI showing an increase of nearly 3%. Although Nasdaq futures are on the rise, they have shown a rise to the point of thinking that it is too much to go up. All participants in the market could know that this rise is not a normal reaction of the market. Still, the continuing appearance made me think whether it was excessive intervention by the Ministry of Finance.

“I got another call. It’s a story about why they don’t start liquidating.”

It was Lee Sang-hoon, who turned off the phone from around lunchtime. Since I was calling once an hour, I now call every 30 minutes, so Lee Sang-hoon turned off the phone and made a call to the company.

Still, they weren’t stopping the phone. It seemed to me that if I kept pressing, Lee Sang-hoon would raise his hands someday.

“Tell me that it is difficult today to organize because there is a lot of quantity.”

Kim Hee-yeol, who looked at the side of Lee Sang-hoon’s words, carefully approached.

“Over there, CEO.”

Lee Sang-hoon held back his laughter as he looked at Kim Hee-yeol with a dark expression. It was because it was sketched in his head about what he was trying to say. Lee Sang-hoon tapped Kim Hee-yeol on the shoulder and said.

“I know. As I said, seven central banks have cut rates at the same time. I agree that this may be the prelude to a great counterattack.”

“There, then… … .”

When the $700 billion bailout came out, there was a story Lee Sang-hoon gathered up his employees. It was that there was no answer except for “lower interest rates”.

However, it was Kim Hee-yeol’s question, shouldn’t it be necessary to move accordingly because the interest rate cut was undertaken.

“Let’s see a little more. Even if the rhythm changes anyway, it makes sense to hold the position of the rhythm that turns into a gutgeori.”

“CEO. The pressure from the Ministry of Finance is not too serious, and it will be cleared up in this situation. Subtract from this level.”

“no. I can’t. One big one comes. And don’t you know? We do not liquidate in this situation. We liquidate in the dark.”

“I know that, but will the finance department be still?”

“Did I not talk? I am desperate. Look at the institutional buying tax now. The graph is declining. We are the only one to pour 500 billion won in a short period of time. Right now, the National Pension Plan has reached the limit of filling it unless it has been ratified by the National Assembly and changed the ratio. Therefore, it is safe to assume that the purchase of pension funds is over. There are only us now. We have an advantage over them.”

As Lee Sang-hoon said, the buying trend of institutions, which had continued from the beginning of the market, was seen in the trend of trading by subject. The unilateral selling trend of foreigners continued, and as the institutional buying trend declined, the index began to retreat after the end of 1,324, no longer rising.

And in the end, the market closed at 1,294, which did not meet 1,300.

However, this alone talked about the change of the continued downtrend, and the same story came out about the change of the trend due to the lowering of interest rates and the backfire from the bottom.

However, Lee Sang-hoon did not believe that word.

“It’s so weird.”

The gap between the index of the United States and Korea was wide open to the point of wondering if there has ever been such a thing.

Of course, there is no law that Korea should come down just because the United States falls, and considering that the sympathy has become stronger with China and Hong Kong than the United States in recent years, it was not understandable that Korea is enduring the collapse of the United States.

However, that was always the case. The current financial crisis was a problem that shook the world enough to cut interest rates by seven central banks. And in such a problem, it was impossible to leave only Korea.

Lee Sang-hoon thought that such an appearance must be paid for. And when I paid for it, I thought that the market was trying to get paid all at once by adding interest.

Lee Sang-hoon’s idea was that he could not climb from the place where he should climb, or that he would come in to close the gap in one shot by falling deeper from the place where he was supposed to fall.

Lee Sang-hoon quietly reconsidered and calculated how long he had to endure and how long he could withstand.

However, the US mayor quickly gave the answer to Lee Sang-hoon so that the calculation that continued throughout the evening was futile.

“Hey. Congratulations.”

Kim Hee-yeol reached out to Lee Sang-hoon in a playful way.

“Thank you. Thanks.”

Lee Sang-hoon smiled face to face with Kim Hee-yeol’s joke and held his hand to accept his joke. Kim Hee-yeol hugged Lee Sang-hoon once and said.

“I’m giving a big gift to Representative Lee whether the US mayor was thrilled to be distributed to the finance government. How do you expect it? The Korean market tomorrow.”

“What do you have to see tomorrow? The sidecar will burst by default. The circuit… … . I have to watch that, but I do.”

“Heo. Do you even have the circuit in mind? The distribution will come out through the fold.”

“Hahaha. If we don’t close the short position, it will. However, as we prepare for liquidation, the circuit is unlikely to come out.”

“This is true. If anyone listens, it will sound like the savior of Kospi.”

On the screen seen behind Kim Hee-yeol and Lee Sang-hoon, who talk in a playful way, the indexes of the three major New York markets were on the screen.

In the case of the Dow Index, it was only two trading days ago that it broke the 10,000 line, but now it was giving out even 9,000 lines. In October, it was drawing black on the 7th trading day, and during the month of October, it was continuing a 20% crash. Now, it is only 7 trading days and 9th day, and the 20% crash was the worst index situation ever recorded since the Great Depression.

Nasdaq and S&P were no different from Dow. Both of them also showed a drop close to -7%, showing that there is no hope in the stock market anymore.

In spite of the global interest rate cut the day before, the three-month-long Libo rose to a year-round high, and the dollar drought was at its peak. It was.

In addition, even though the US Treasury Department issued US Treasury bonds worth 50 billion US dollars today in addition to the 60 billion US Treasury bonds the previous day, this is only the beginning of the Treasury’s Treasury issuance. The bond market has also begun to fluctuate as analysts analyzed that government bond issuance will continue for up to eight weeks.

Oil prices fell endlessly, and places where stock markets open at the same time as the United States, including Iceland, were unable to withstand the collapse of the United States and closed the stock market and declared a suspension of trading.

In particular, in the case of Iceland, it was declared closed until next Monday, saying that the country that is going as it is cannot withstand.

S&P’s warning to adjust the GM credit rating downgrade and the story that the number of car sales will be at its lowest level since the 1950s has now fueled fear that the financial crisis has penetrated deep into the real economy, and has led to an all-around selloff in the stock market.

“Let’s finish in one room.”

“do not worry. So, are you going to liquidate and start switching right away?”

“Until switching… … . Then, the amount of money we put in only one place will be close to 1 trillion. Sell ​​500 billion won by switching to liquidation 500 billion. This can cause distortion. What. It depends on how much the volume comes out.”

“Then, would you avoid the pressure of the Ministry of Finance just by selling and liquidating? Wouldn’t they want to buy it? I think so?”

“It will be how we can switch this time, but when the next sell is settled, the buy volume can hold our feet. Let’s just go sell and liquidate. That alone won’t say anything to the Ministry of Finance. Because the circuit won’t burst because of us.”

Lee Sang-hoon decided that 500 billion won could not change the flow of the market, but could block the direction to go.

And as Lee Sang-hoon thought, the falling blades began to be captured by SH Partners.

The day before, Im Se-jong made a phone call on behalf of Kim Jeong-soo, but from dawn, Vice Minister Kim Jeong-soo directly called Lee Sang-hoon and began to beg.

Even the institutions were depressed, saying that they could no longer withstand and spit out full volumes. And Lee Sang-hoon, who listened to the raising, saying that it is only SH Partners that will prevent the stock market from falling, sounded sad enough.

It was Lee Sang-hoon, who was planning the liquidation anyway, so he almost answered that he knew right away from his sad voice. However, he pressed the words he was about to come out. It was because if you said you knew it so easily, it might be difficult to refuse it the next time you asked for it.

Lee Sang-hoon hung up Kim Jung-soo’s phone call saying that he would worry, but Kim Jeong-soo called again 30 minutes later and begged. It seemed to me how urgent they were when the Vice Minister of Finance asked for an asset manager.

The KOSPI started with a decline of -3.5%, which is not as big as the US decline.

The -3.5% decline was not small, but it was certainly a strong figure compared to other countries. The current situation was scary enough to say that the Nikkei showed a -5% gap and that China and Hong Kong stock markets are considering suspending trading.

However, as if once again proving that it is absolutely not good to have an initial price in this way, the index began to decline by drawing a black bar.

If the 1,250 line was broken, it collapsed down to the 1,230 line and the 1,220 line in succession without a rebound.

Institutions that tried to somehow prevent only a deep decline in the bid price alone began to participate in the sale as expected. Even foreigners and individuals showed sell-offs, but only the purchases of state institutions that were caught as pension funds.

However, when such a buying trend did not show any active involvement, the KOSPI quickly ran toward a deep decline with the trade missing.

In the futures market, the atmosphere became so harsh that the sidecar was activated six minutes after the market started, and the KOSDAQ followed the KOSPI by activating the seventh sidecar this year 30 minutes after the market started.

Foreigners poured out an amount of 300 billion won in the midst of no transactions at lunchtime, and the agency also spit out more than 300 billion in volume, and showed the appearance of organizing the volume that had been stored.

Institutional stocks appear to be stop-loss quantities for risk management, and the protrusion of stocks at the market price resulted in the index breaking even 1,200.

“done. The amount of stop-loss pops out. Let’s prepare for liquidation.”

The amount of water is pouring out, but since there is no one who accepts it, it was an index moving toward the deep.

In general, if there is no one who accepts it in this way, it is normal to break the sell-off, but it seems that their algorithms have touched the place where forced liquidation should be made.

Then, if he accepts it, he will spit out more water in Lee Sang-hoon’s mind. Although there is a lot of volume to be arranged, it was calculated that the volume of SH Partners will be arranged without difficulty with the volume of the institution.

Lee Sang-hoon’s SH Partners started preparing by looking closely at the movement of this index. The moment was approaching when I could release my feelings of hitting Jisoo, who kept falling down until lunch, and pressed the heart to enter.

Anyway, knowing that there is no real buyer other than SH Partners in the market, Lee Sang-hoon decided that the index would slip down, and in that judgment, he patiently endured and endured until the desire to buy exploded.

However, unlike Lee Sang-hoon, Kim Jeong-soo seemed to be hot.

Eventually, he even raged about coming to the place where SH Partners was located.

Lee Sang-hoon blocked his visit by saying that he would not be able to work properly if the vice-minister came, and eventually began to liquidate his short position at 12:00, around lunchtime.

Breaking 1,200 was not enough, so liquidation began at the -9% position at the 1,180 level.

“Institutions receive and eat the amount of stop loss. And even if the index rises, we have to catch up with it today and liquidate it. They aim for the circuit and pick up the incoming volume.”

Following Lee Sang-hoon’s instructions, Kim Hee-yeol was busy walking around the office and gave instructions.

As the circuit is right in front of you, it was the plan of SH Partners to accept and liquidate the amount of protruding quantity to make the circuit somehow.

Both sidecars and circuits were traded using the habit of breaking or touching a certain index when it reached a certain index.

As Lee Sang-hoon thought, when 1,200 was broken, the amount of stop loss from the institution began to pop out. In the mid-1,400 units that were dragged to the Ministry of Strategy and Finance at dawn and forced to buy them, the loss of more than 15% was over 15%, and the quantity was being arranged for risk management.

It was the moment when the first condition for liquidation, the transaction volume explosion, took place.

Foreigners also participated in the agency’s hand loss and joined forces to drive Jisoo to the circuit.

Among IT-related stocks, all stocks except Ohsung Electronics entered the lower limit, and construction and securities were already stuck at the lower limit and were not moving.

As the index surpassed -9%, the stock market panic.

“Scratch it into the market. Now I am chased by the time to wait and eat. Just scratch it.”

I participated after lunch break. As usual, even if I participate in the morning, I can’t guarantee that I can arrange all the supplies in one day, but I thought that it might be over a day after I had been in it from around lunchtime.

So Lee Sang-hoon chose to give up eating and to scrape it to the market and wipe out the quantity. The intention was that the index would not fluctuate rapidly even if it was wiped out by the market price because the institution’s stop loss volume was exploding anyway.

The index stopped at a -9% decline in the unilateral buying of SH Partners. This is because scraping to the marketplace showed the appearance of receiving and eating the quantity that came out of the hand.

From the back of the office, Lee Sang-hoon looked at the staff crossing his arms and tapping the keyboard without hesitation. Even if you scratched the market, you couldn’t just scratch it blindly. I had to split the quantity appropriately. It had to be divided so sensitively that it would not affect the market, but the employees were fine-tuning that part and working without hesitation.

Then the phone rang on his phone.

Now I feel like I’m getting a neurosis enough to know who I am just by listening to the bell.

korean novel God of stocks chapter 423

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