God of stocks chapter 424

Chapter 424 Revealing Enthusiasm (4)

However, Lee Sang-hoon accepted Kim Jung-soo’s call, which seemed to have made 100 calls, although it was for two days.

“Yeah. This is Lee Sang-hoon.”

“Is it SH Partners that you are buying right now? Right?”

It was Kim Jung-soo with an enraged voice as if it was a welcome. I knew that I was desperate, and while I was talking with him, I noticed, but I felt that the depth of that earnest heart was deeper than what Lee Sang-hoon thought. Just listening to his voice gave a natural reminder of what kind of expression he might be making, and his voice was so moist.

Lee Sang-hoon said with laughter as much as possible.

“Yeah. We are correct. Did I not promise? I’m going to liquidate it. I am a person who keeps promises. And I tried to keep my promise in the best possible position. How about? Are you satisfied?”

It would be liquidated anyway. In such a situation, talking about promises and doing public affairs was stabbed in my conscience, but I thought it would be better to wrap anything in a good shape anyway, so I made the story as if I was liquidating to keep the promise.

And only then, when I met him later, I thought that I would be able to get a better place and empower my words in a good situation.

After hearing the story, Kim Jung-soo was not interested in whether the story was true or false. I was just encouraged by the fact that SH Partners was holding on to buy and blocking the index.

“Thank you. Thanks to that, the stock market was blocked. Ah~ It would have been difficult if SH Partners hadn’t made a purchase until today, but you came in at a good time. We will arrange the national pension funds and give an order to sign a consignment contract with SH Partners tomorrow. It’s a pity that this is the only thing I can give you.”

“That’s enough. When the money comes in, we will manage it well so that we do not lose money.”

“If you do that, we are very satisfied. Ha~. I had to put money into the stock market, but I was really worried about it, but thanks to it, I lived. Now, I think I can only care about the exchange rate. Thanks.”

“You only care about the exchange rate?”

Lee Sang-hoon endured the rush to his throat, asking if it was too late to say that. It was feeling late to block the exchange rate now.

The stock market is still being blocked by SH Partners, but the exchange rate didn’t even exist, so it seemed that they had gone far away toward the sky high.

The 1,400 won range was also broken, and it was up to 1,430 won without hesitation. It was an increase of more than 60 won compared to the previous day’s closing price, and 250 won for a week, talking about the collapse of the exchange rate market system.

In such a situation, when he said that he would only care about the exchange rate, Lee Sang-hoon even felt absurd.

“The exchange rate has risen too much. We need to stabilize the exchange rate.”

“How do you mean stabilizing?”

I remembered how to go through my head, but Lee Sang-hoon shook his head and asked Kim Jeong-soo. It meant that he would use that method, but Kim Jeong-soo talked about the way Lee Sang-hoon thought, as if he had looked into Lee Sang-hoon’s head.

“You have to use a simple and reliable method. I plan to release dollars into the market.”

“You’re selling dollars in the market? Now?”

The US also clamored for the lack of dollars. In such a situation, Lee Sang-hoon doubted his ears that he would supply dollar liquidity in a place where he did not have a spinning machine that prints dollars, and the whole country entered a dark age due to a lack of dollars just 10 years ago.

However, as if Kim Jeong-su had a magic wand in his hand, he talked with confidence.

“That’s the surest way. The minister gave the order. To stop the dollar famine in the market by releasing the dollar the government holds.”

“Oh~.”

Lee Sang-hoon only gave an exclamation and could not answer anything. There was a lot to say, but I didn’t want to. Whatever Lee Sang-hoon was thinking, and no matter how much he tried to stop Kim Jung-soo, he thought he couldn’t stop what he was trying to do.

And in the midst of his eyes, employees came in, tapping the keyboard like crazy.

‘Should I stop liquidation even now?’

From Lee Sang-hoon’s eyes, this didn’t seem like a situation to stop here. The government thought that if the dollar was released vaguely without fundamental judgment about why the exchange rate was like this, the exchange rate would stabilize. Even if the dollar sinks in this situation, it is only a move to avoid showers. It was not a fundamental measure.

While Lee Sang-hoon was contemplating for a while, Kim Jung-soo hung up the phone, saying that he should give orders as soon as possible.

Lee Sang-hoon looked down at the phone. For a moment, I felt confused as to whether the person he was calling was the Vice Minister of Finance or was talking about gold in the game with the uncle next door.

Lee Sang-hoon only sighed in the words of Kim Jeong-soo who confessed that there was no policy itself, rather than trying to hide the policy from Lee Sang-hoon.

So while Lee Sang-hoon looked down the phone, Ji-soo started to come back. The forces that created the circuit and the institutions that were throwing the stop loss were almost completely robbed by SH Partners’ ability to block it.

And when the index stopped falling, it started to rise again quickly.

“It sticks and scratches the market. Let’s go after it.”

SH Partners’ trading style was usually not to liquidate in this situation, but today it was different. There was not enough time, and Kim Hee-yeol saw the pressure of liquidation coming from the Ministry of Finance, so even if it was unreasonable, he continued to buy after the index went up in order to liquidate it during the day.

It seemed that the amount of loss at the institution had been completed. Institutional trading has sharply decreased, and foreigners’ selling tax has also decreased. In that situation, the index rose rapidly as SH Partners swept the volume to the market price.

The 1,200 recovery was instant, and it showed a direct rise to the 1,220 line. The overall trend is downside, but just looking at today, the trend has begun to change.

And in that situation, the exchange rate market began to fluctuate rapidly.

“From 1,430 to 1,370 won in an instant.”

“I beg your pardon? 60 won fell from the high? Wasn’t it wrong? If 1,370 won, isn’t it lower than the previous day’s closing price? When I saw it an hour ago, there were no signs of a decline, are you sure?”

“Yeah. Yes. 1,370 won… … . It is now 1,360 won. It keeps falling. It is a workshop for 1,350 ships. There are bombs for sale in the market one after another.”

It was an exchange rate that fell by 10 won each terribly for a word to end. It is also terrifying that 60 won has risen to 1,430 won, but 80 won fell from there. Lee Sang-hoon recalled the government’s intervention in the movement of the exchange rate, which was insufficient even in terms of a roller coaster.

“The exchange rate plummets and the index keeps rising. What should I do?”

“How much is left? If the remaining amount is less than 100 billion, just scrape it off without worrying. It’s a profit segment, so you don’t have to be afraid.”

“Fortunately, we received the amount of organ loss from below 1,200, so the remaining amount was less than 50 billion. Then, I will sweep the rest with significance for organizing.”

It was a decline in the exchange rate due to the government’s intervention in the absence of any solution to the current crisis. I didn’t know how far this effect would go, but the effect right now seemed obvious.

The forces who had pulled up the exchange rate from the beginning of the market to the beginning of the afternoon shake their hands and watch and watch the falling exchange rate.

And when the buying trend disappeared, the government started tossing more dollars because it was about this time. The exchange rate, which had been fighting at 1,350 for a while, broke through support for 1,350, and once again accelerated and fell toward the hell.

“Uh uh. 1,330. 1,320. What is this? What is this? It keeps falling. There is no brake.”

All eyes of the market, not just SH Partners, seemed to be focused on the exchange rate market. It was falling toward a deeper place because 100 won fell from the peak.

“I came to the 1,300 won seat. 80 won fell from the closing price yesterday, compared to the high… … . It has fallen more than 130 won. Now, the bomb sales have only stopped and the movement toward the downturn has stopped, but the rebound buying trend has disappeared and the market seems to have just stopped.”

It seemed that the decline in the exchange rate had only stopped until it reached the 1,300 won spot.

“It’s embarrassing that there is no deadcat bounce. It seems to be pressing very tightly from the top.”

“right. Usually, when such a crash comes out, it is normal for a certain part of the rebound to come out, but even that rebound is unacceptable. I was very determined.”

I thought that it was the result of the Ministry of Finance, which did not have to worry about the stock market, devoted all efforts to the exchange rate. And it clearly showed the power of that time. I don’t know what will happen tomorrow, but it seemed to show a strong punishment to the market for the intention not to confront the government right now.

The stock market had entered the simultaneous quotation and the exchange rate recovered after breaking 1,300 won.

“Do you think it will be finished?”

“Yeah. It will be finished when the simultaneous quotation is reached. Even if I lost a little because I might look bad at the Ministry of Finance, it was scrapped at the market price, so it was finished within a short time.”

“It’s not harm. Your profits have decreased. Well done. Thanks to that, I have something to shout out about.”

I didn’t know what the results would be in the United States today, but I thought it was a good decision to put 1,200 of them in the broken position.

Lee Sang-hoon was satisfied that he sold around 1,500 and made a profit of 20% in a short period of time.

“What are you going to do now?”

Kim Hee-yeol approached Lee Sang-hoon, looked at the employees preparing for work, and asked.

If the project funds of the National Pension were deposited, the amount that could be managed by SH Partners would exceed 800 billion won. With only the amount of money under management, it would now take its place at the edge of mid-sized and large asset management companies.

If he transformed into a large asset management company, he had to change his trading style and expand the fields he had to do. Kim Hee-yeol was asking it, but Lee Sang-hoon began to give an unexpected answer.

“I think something will come out this weekend. It’s like talking about stabilizing the market.”

Hee-yeol Kim turned his head to an answer different from his own thoughts and looked at Lee Sang-hoon. However, Lee Sang-hoon continued talking, staring only in front of Kim Hee-yeol’s gaze.

“Because the stock market gap between Korea and other countries is still quite large. This discrepancy rate is so wide that it is impossible to wait for other countries to rise to our place. And I don’t think it will end as this is because Korea has not come up with any countermeasures for this financial crisis.”

“What are you talking about?”

“I sell one more time. I think this sale will be almost the last… … . I think it will come out a little deeper. Let’s take a position once more towards the depths.”

Kim Hee-yeol patted Lee Sang-hoon on the shoulder. Lee Sang-hoon turned his head and looked back at Kim Hee-yeol. Kim Hee-yeol waved his hand in front of Lee Sang-hoon’s eyes.

“Look. He said there were talks about stabilizing the market over the weekend a while ago. But what does it mean to hold on to sell and look deeper?”

“Because the countermeasure is not a countermeasure for our country. It could come out… … . We are the stage books. So, I wonder if the movement might be a little different. Of course, if a countermeasure comes out, Korea will also be affected. By the way… … . Can we really get through this situation without any countermeasures? Is the government now?”

Lee Sang-hoon looked at the market with skepticism.

***

On Friday, ahead of the weekend, the US market unfolded a crazy market with an unprecedented value of 80, a volatility and fear index, VIX.

The VIX shows the volatility that the S&P will move in the next month, and the fact that 80 was stamped meant that the S&P index could hit -80% within a month, or vice versa, an 80% rise. This meant that market participants were betting that the S&P index could be zero within a month.

As if reflecting that well, the New York Stock Market began to show a crazy crash from the beginning of its opening.

The words of the worst financial crisis since the Great Depression are now getting fed up with no more expressions of the decline. Rumors have circulated about Morgan Stanley’s bankruptcy, and oil prices fell 17 percent weekly, causing even the $80 mark to collapse.

S&P warned of the bankruptcy of US big three automakers GM, Ford and Chrysler during the week. In addition, CEO Pimco said that even if governments around the world exert overwhelming power, they are not sure whether they will be able to overcome the current crisis, and that a global crisis management manual is needed.

Australia was prepared for bank runs by deciding to guarantee payments on deposits at all financial institutions for three years.

The IMF talked about the countdown of the collapse of the financial system, saying that it is in the middle of the collapse of the global financial system.

Amid these pessimistic stories, the US stock market showed a ridiculous price that the Dow index fell 1,000 points during the midday, and the Nasdaq also stopped futures trading at the exchange’s sole judgment, regardless of the initiation of the circuit.

Leaving it as it was, it was in the judgment that a major crash of 1987 could appear.

Lee Sang-hoon sat in front of a computer holding a can of beer.

Thinking that he couldn’t miss the moment of the market crash, he couldn’t sleep even though he had promised tomorrow and watched the movement of the US stock market.

As it is said that bad stories lead to bad stories, they were not able to tell good stories to the market.

The Fed’s governor, Fisher, said the Fed would consider every step of the way to restore the credit market, but the market accepted it as a statement of the collapse of the credit market, adding to the depth of the decline.

The Dow fell -8%, breaking even the 8,000 line, and the Nasdaq was worried about a departure from the 1,500 line.

When we were worried about the market collapse, the last-minute market movement changed.

korean novel God of stocks chapter 424

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