God of stocks chapter 428

Chapter 428 Last Sell (4)

Even though the KOSPI showed a major plunge and the stock market collapsed so that 30% of the stocks on the KOSDAQ fell into the lower limit, the government’s stage plan remained.

Stories of criticism of the government began to become more popular, and the government continued to show that it did not have any answers to the current situation so as to prioritize suppressing these critics rather than taking measures.

And the market’s anxiety over the lack of ability for the government’s stage policy came as a bomb on the stock market that had been pressed so far.

What was forcibly pulled up was going to the intention of the government, but after that, when it couldn’t show anything that could continue the trend, the stock market began to bounce toward the bottom like a spring that had been pushed. It seemed to me that I was trying to test if there was anyone to accept the stock market going down.

The agency was already full of pockets, and foreigners did not stop selling. Pension funds also looked at the market through a pipe network rather than buying, and everyone was expecting that the market would fall from the sky with its wings lost.

And this prediction was revealed in the market as it was from the next day.

“No answer. How far are you thinking about carrying us?”

“I said it was the last sell. Let’s just go all the way. It is difficult to predict the floor, so let’s look at the situation and respond accordingly.”

Sang-hoon Lee and Hee-yeol Kim looked at the billboard with their arms folded. And they didn’t say anything on the blue screen that spreads across the billboards.

The previous day, the US rebounded from a big decline in the last minute and showed an increase of close to 5%, but Korea showed an attempt to break through the 1,200 lower level by returning all gap increases in the early part of the market.

Although Nikkei and Hang Seng were on the rise, only Korea showed a completely different appearance.

The institution was halting the transaction itself as if it wanted to prove it was already full. In this appearance, market players were convinced that the institution could no longer afford to buy. In the form of bystanders of such an institution, individuals were the only ones to buy, but individuals alone could not withstand the amount of foreigners thrown. Jisu was plummeting toward the hell.

“1,200 will penetrate, right?”

“1,200 will penetrate. Are you not doing that to do that?”

The index, which started at 1,245, fell more than 40 points in an hour and entered the 1,200 exit test. In the usual meaningful index, it was common to see a backlash buying trend, but this time, this backlash buying trend was not seen. The figure that stopped at 1,200 was the reduction of the sales tax, conscious of the counter-release trend.

Following the march on the lower limit of large banking stocks on the previous trading day, the trend of a decline of more than -10% today was showing concerns about the crunch in the domestic money market.

“What happened to the coach team leader?”

“there… … . Isn’t there the grandfather of the team leader? The chairman of the car.”

“Yeah. I know.”

All of the employees in the office looked at Kim Hee-yeol’s mouth. It was because he was interested in the actions of the Cha team leader because he knew that he had made his own private equity fund while he had worked with him.

Hee-yeol Kim knows that he is not reluctant to receive the gaze, but he struggled to ignore that gaze and told Lee Sang-hoon about the current state of the coach.

“There is a story that the fund was closed and Chairman Cha asked for all the investment.”

“You asked for all that? It wouldn’t be a penny or two?”

The money that Cha Myung-jin dragged out of SH Partners was 100 billion won. I also heard that the investment was increased to make up for the loss.

In such a situation, it was easy to predict that the loss would amount to tens of billions if we continue to buy and hit this decline. However, to make up for all the losses, he made a decision that could not be easily made unless he had a large amount of money like Chairman Cha.

“What can I do? The grandson had an accident, so the grandfather is responsible. As you may know, there are several places where investments have been made, so it seems that some of the people who lost money have gathered and tried to sue the team leader. No matter how much the terms and conditions say that I am not responsible for the loss, as long as I am a person, don’t you care about the loss of my money? So I guess he sued him and urged him to pull the team leader off this floor.”

Lee Sang-hoon smiled bitterly at Kim Hee-yeol.

There were many people who didn’t think about what kind of contract they had when they saw a loss. Obviously, before the contract, he was the one who said that it was okay to see losses, but when the actual losses were made, there were people who reacted violently to the losses. Such people were also characterized by not saying anything when they made a profit, and they reacted specifically to losses.

It seemed to be caught by these people. Unfortunately, there was nothing wrong with that, but Lee Sang-hoon had no choice but to make a bitter smile because it could not be considered that they attacked Cha Myung-jin with force.

Hee-yeol Kim continued talking to Lee Sang-hoon and the employees who were looking back.

“That’s why Chairman Cha, who didn’t want his career to collapse, seems to have solved it with money. On the condition that you make up for all your losses and don’t care about this anymore. There was a story of an unreasonable decision, but what should I do? Otherwise, the coach team leader would be completely erased from this floor. I think it was an unavoidable choice if it wasn’t to leave this floor at all.”

“That’s never a good thing… … .”

Lee Sang-hoon shook his head in the unfortunate reality and looked at the screen. It’s not that I don’t understand the feeling of thinking about his grandchildren, but I couldn’t understand Chairman Cha’s heart to put Cha Myung-jin in the market right now.

And when such a solution came out, it couldn’t be over this time. There’s no law saying you shouldn’t do this again next time, and those who invested the money might ask for a similar solution next time. Lee Sang-hoon thought that it would have been better to declare a give-up with a shake of hands than to end this way.

Team leader Cha’s problem was that he didn’t think the analysis of the market was wrong. Cha Myung-jin’s biggest drawback was his inability to break his stubbornness about what he saw wrong, and he thought he couldn’t survive long in the market in situations with such shortcomings.

While Lee Sang-hoon was thinking about Cha Myung-jin for a while, Jisoo eventually broke 1,200.

When 1,200 broke, the index quickly accelerated and fell into hell. Even 1,178, which was blocked by SH Partners, collapsed, and even 1,166, which was close to -4% decline during the intraday, was shot.

It was only after renewing the Yeon-low point.

And the renewal of these joint lows continued on the next trading day.

In a situation where there is no way to overcome the unrest in the international financial market by the government, the index has penetrated even the 1,150 line due to foreigners’ sale offensive.

Do not release 30 billion dollars in the market to supply foreign currency liquidity, expand the capital of IBK to support SMEs, etc., but only pour out the same lagging measures. I couldn’t.

In order to stabilize the stock market, the measure of providing tax benefits to long-term equity-type and corporate bond funds was not very helpful because it has been talking to the market steadily.

The mayor seemed to stop looking forward to the government’s weak measures.

Although the institution was trying to somehow block the index by buying 400 billion won through the program ahead of the network, the situation has already reached an irreversible point. Rather, it was skeptical about the institution’s purchase, with the view that any purchases that come in from a full state could turn into a bomb at any time and leave the market.

However, as the Nikkei and the Shanghai Stock Market at the last minute showed a sharp rise as the low-priced buying trend entered, the KOSPI also showed a rebound after falling. However, the view that such a rebound was only about moving along with the overseas market as well. It seemed that the KOSPI is now only seen as a third-class market to market players.

“Warren Buffett, the sage of Omaha, appeared on the broadcast last weekend and recommended a strong buy as it is a low point and a place to buy stocks. What do you think?”

“To me, I think the current position is the place to buy. And today’s rebound in Japan and China proved that that idea was not wrong. As the bottom has been reached, I think we need to respond with active buying.”

“How about the exchange rate?”

“The exchange rate is currently showing a sharp drop from 1,300 won, but it is unlikely that the same surge as last time will come out. The short-term dollar shortage is unlikely to come again, as the government is talking about supplying enough dollars to the market.”

“i See.”

The broadcasts were pouring out only good stories about whether they felt the rise of the overseas market today.

On the one hand, it was Lee Sang-hoon, who understands their stories.

With the continued deep decline, the two-seam drastically cooled. From the perspective of broadcasters and experts who suck money from the noses of stockholders, the current situation in which money is not made due to individuals who are reluctant to invest could be regrettable.

The current situation could have been more regretful because I tasted money from the huge investment craze that blew up last year. So, they were the ones who heated up more to pay for their investment.

It was because I had to somehow attract people to the stock market with good stories.

And Kim Hee-yeol was also struggling with these stories.

“okay. Looking at the rebound today, it doesn’t seem like that was wrong. We also got a lot of profits, so wasn’t it time to subtract some?”

“Why are you crushing all the lows now? Wait until it crushes more.”

“How far?”

Lee Sang-hoon laughed at Kim Hee-yeol. And he said, covering his mouth with a small voice so that no one could hear it.

“1,000 under.”

“uh? Let’s organize it at 1,100?”

Kim Hee-yeol thought he was wrong. I heard the number 1,000, but after that, the words could not reach the head through the ears. So I thought and said in my head. And it was Kim Hee-yeol who thought it was valid.

However, Lee Sang-hoon once again covered his mouth with his hand and said smallly.

“Under 900.”

This time, we talked in numbers we couldn’t even imagine. And whether that worked properly, Kim Hee-yeol stopped the accident and looked at Lee Sang-hoon frozen.

Lee Sang-hoon touched Kim Hee-yeol’s shoulder once and sat on the sofa again, crossing his legs, and pulling out a cigarette.

Lee Sang-hoon was convinced that the number 892 that the book talked about was the KOSPI index.

At one time, I was wondering if 892 was talking about S&P’s lows. However, when the volatility exploded ten days ago, the number 892 was lightly broken, and the Dow Index closed at a completely different value from the number 892 even at the closing price, strengthening confidence in the KOSPI.

Now crushing the lows in the mid-1,100s. I thought that the record index crash would remain in the future.

And I thought that was the time to release the last selling position.

That evening, unlike Korea, the United States continued to pour out measures.

The US government delivered additional stimulus to Congress, and Congress approved it at high speed, confirming that Congress is not holding back the economy like last time.

Bernanke sent strong support for these additional stimulus measures from the US government.

In addition, oil prices returned to the $74 level, giving hope to the market when oil producers, including OPEC, were preparing to cut production.

Unlike in Korea, which is concerned about inflation, overseas is trying to create inflation by force.

The Dow, S&P, and Nasdaq responded to these favorable events, raising more than 4%, and HSBC reports that the Fed will continue to cut interest rates through next year raised the mood that the credit crunch could ease.

However, despite such strong winds from overseas, the KOSPI did not show an upward trend.

This is because the program that had received the index’s plunge alone so far spewed out nearly 400 billion won by using hot winds from overseas, and foreigners also poured out 100 billion won and did not tolerate the rise of the index.

Only construction stocks, which were expected to be supported by the government, showed an increase, but most of the stocks failed to withstand the sale of such programs and collapsed, giving back 1,200 lines.

Kim Hee-yeol looked back to Lee Sang-hoon.

I wanted to ask a question about the 900 under he talked about, but I couldn’t dare bring it out, and I was only watching Lee Sang-hoon’s attention. Lee Sang-hoon also knew Kim Hee-yeol’s notice, but he didn’t speak up first.

I don’t know if I’m talking after the situation has passed, but it was because I thought that if I spoke up first, the atmosphere might be blown away.

The index was still crushing downwards from 1,200, so it didn’t look far from 900 under. And if he went there, Lee Sang-hoon was thinking about buying even after liquidating the sale.

***

Lee Sang-hoon confirmed the face of the bosses sitting in the seat with a gloomy face. They looked restlessly sitting on both sides of being a sinner.

The warmth from the US didn’t last a day.

News that US corporate performance has deteriorated and international oil prices are about to fall below $70 again, all of the three major US stock markets fell by more than 3%.

In addition to the fact that Korea had no countermeasures on the surface, the sales of ELS, a stock-linked securities, exploded to the extent that it was close to a runaway, leading to a collapse in the index.

The stock market, which started at 1,192, shattered the lower point once again, followed by a decline of -8%, leaving even the 1,100 line.

A sidecar occurred again at 2pm, preventing the sale of the program, but it was already out of reach.

“What is this?”

Vice Finance Minister Kim Jung-soo threw a bunch of documents onto the table at the meeting place where the presidents had gathered. It was a report that the future cars and shipbuilders, frequently used as underlying assets of ELS, were close to the lower limit.

“Should you sell it and do something like this?”

When a reef was formed in an unexpected place and caught Jisoo’s ankle, Deputy Minister Kim Jung-soo couldn’t stand the minute.

korean novel God of stocks chapter 428

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