Fang Hong woke up early in the morning and paid special attention to the news. As expected, today's morning news, the "flash crash" incident of the US stock market, made the headlines of major domestic media.
Everyone was enjoying themselves eating this melon.
[The depressing "Black Thursday" is here, the U.S. stock market plummeted thousands of points, and the world once again cast a surprised look at the United States] - "Daily Economic News"
[On Thursday night, the U.S. stock market experienced a storm. The Dow Jones Industrial Index, the beacon of the global stock market, plunged nearly a thousand points during the session. The magnitude was unprecedented and the destructive power was comparable to a magnitude 9 earthquake] - "Global Network"
[Analysis of the Dow Jones Index's thousand-point plunge on Thursday, what exactly happened in the stock market of China? Even the people of China cannot answer this question] - "Xinlang Finance"
[The U.S. stock market plummeted by thousands of points and the source of the crisis is urgently investigated. The Securities and Exchange Commission and the Commodity Futures Trading Commission have begun investigations into the "abnormal transactions" that caused the stock market to plummet on Thursday] - "New Economic Weekly"
Early in the morning, domestic media from all walks of life gathered around to watch and discuss the meal, and various analyzes and speculations emerged one after another.
According to foreign media reports, traders were actually watching the riots in Athens on TV at the time, but they never imagined that the next even more incredible thing would happen to them.
At around 2:30 a.m. in the East Eighth District, the Dow Jones Industrial Average began a once-in-a-century dive. It once plummeted 998.50 points to 9869.62 points, setting a record for intraday points decline. Then it began to rebound, closing down 347.8 points to 10520.32 points.
, a drop of -3.2%, the largest drop in more than a year.
On the contrary, with both Grape and Spain likely to follow the same fate, everyone is increasingly worried that Europe will repeat the mistakes of North America in 2007.
This disappointed some traders, who had hoped that the European Bank of Europe would, like the Federal Reserve, inject liquidity when the situation worsened.
Tian Jiayi added: "Nasdaq OMX Group said about two hours after the stock market closed that it would cancel all erroneous transactions between 2:40 and 3 p.m. The trading instructions were executed during this time period, and the stock price went up and down.
For stocks whose volatility exceeds 60% of the last traded price before 2:40, all such transactions will be cancelled."
But then again, worries about the next crisis in Europe have waxed and waned over the past few months.
However, it quickly rebounded upwards, but unfortunately the good times did not last long. When it was about to completely repair the gap, it was just a little bit short, and the rebound ended, and it fell back again in the afternoon.
At this moment, Fang Hong was eating breakfast and reading an article quoting New York Times columnist Floyd Norris, who gave the reason for the plunge in US stocks last night:
[Part of it was investor anxiety, part of it was the crisis, part of it was trader error, and an indifferent Zhongyang Bank caused yesterday's panic.
After a pause, Tian Jiayi continued: "It is reported that Nasdaq has canceled 10,468 transactions, totaling 1.4 million shares, involving 236 different securities, but the amount of funds for the canceled transactions was not given. In addition, the New York Stock Exchange
The exchange also stated that its electronic trading platform will also cancel transactions with a volatility of more than 60% between the same time periods in the United States Eastern Time."
When Tian Jiayi learned the news, he was surprised again, because Fang Hong had predicted all this.
It appears that investors are beginning to be less willing to hold assets such as stocks and bonds, especially as many assets are already much more expensive than they were just a few months ago. If investors, consumers and businesses retreat in large numbers again, the current global economic recovery
A large amount of financing may be lost, and the company will lose a large amount of new orders...]
It cannot be said that it is unreasonable, but it is certainly more than that.
Tian Jiayi couldn't help but said: "With such an accurate prediction, I really doubt whether you have insiders on Wall Street..."
As for Tian Jiayi's suspicion that he had a secret conspiracy on Wall Street, Fang Hong didn't explain it, and immediately said with a smile: "How much did you make from this one?"
These factors brought about the craziest day in the history of financial markets. The Dow Jones Industrial Average once plummeted nearly a thousand points, while the euro plummeted to a new low in more than a year. Emerging market stock markets with signs of overheating economies fell sharply (Big A: Don’t
cue), while developed markets fell sharply fearing another recession.
Europe and the International Monetary Fund announced a rescue plan for China, but riots also occurred in China to protest against the government's massive deficit reduction. And yesterday, President Trichet of the European Fund said at a press conference that the bank
The governance committee did not even discuss the possibility of buying government bonds.
Anyway, some people made a lot of money in this "Flash Crash" incident. They reaped more than a lot of wealth. Star Capital was one of them. Although they made a lot of money, they definitely didn't make the most money.
That one, the real big short sellers who made huge profits are hidden deeper.
Upon hearing this, Tian Jiayi immediately explained: "According to the latest foreign reports, major stock exchanges in North America stated that they are investigating whether there are trading errors. On Thursday night, a group of North American financial circles held an emergency conference call to investigate many
Possible trading errors in stocks."
It is impossible to make money by relying on judgment. It is most reasonable to know the inside information in advance.
The other two major stock indexes were also affected, with the S&P 500 Index plunging -3.24% and the Nasdaq Composite Index falling -3.44%.
…
Although a large part of yesterday's intraday plunge in the stock market was due to a trader's mistake, which caused a $40 stock to drop to 1 cent in an instant, global stock markets were already falling before such a mistake occurred.
Fang Hong laughed when he read this article. Obviously, Freud attributed this plunge to investors' anxiety, the debt crisis, traders' mistakes, and the indifference of European banks, which led to yesterday's panic.
Selling.
Speaking of this beautiful assistant, a little excitement appeared on her face, "We have made a lot of money. We have completed the fast in and fast out of each product and calculated the total profit. This time, we made a total net profit of 32.7 billion US dollars. If we follow
With the maximum volatility of the products we are involved in, we may earn more than 80 billion U.S. dollars. Of course, if we do that, we will lose a penny."
…
The stars are just there to watch and take advantage of it, so it is not appropriate to make it public.
Affected by the external market, today's A-share market fell sharply again. It opened at 2685.99 points and opened lower by -1.96%. The 2700 point mark was penetrated in one fell swoop. After the opening, it further fell to 2665 points, and the decline expanded to -2.70%.
.
Fang Hong smiled and asked, "How do you say that?"
His strategy perfectly avoids fluctuations. To put it bluntly, there is no greed for too much, otherwise the transaction will be cancelled. The scheme opened by others will not count because he is the world's hegemon, and there is nothing a scoundrel can do against him.
In the end, the market closed down -1.87% to 2688.38 points, further hitting a new low for the year.
In short, if you can’t afford to lose and don’t accept your losses, Thursday’s transactions will not count!
In the afternoon, Tian Jiayi came back from the company and found Fang Hong at home. He looked at him with undisguised surprise and said, "How did you predict it so accurately? Do you have a hidden line on Wall Street?"
In this situation, this kind of money really cannot be earned by luck.
Avoiding the elimination of volatility means that the money earned by Qunxing Capital is not among them. Those investors who copied the floor price are the ones who are extremely happy and sad. For example, those who copied the bottom price from 40 US dollars to 1 cent have turned several times in a day.
Thousands of times, people have started to look for luxury cars and mansions. Who wouldn’t be dumbfounded if one of them turns out to be uncounted?
Fang Hong still smiled and said: "Not bad, there are not many opportunities to pick up money like this."
Fang Hong smiled and was noncommittal.
To maintain the mystery of being a big BOSS, he knew that the beautiful assistant had this idea, which also meant that core executives such as Hua Yu of Star Capital would also have similar inferences. This was good, let them make their own guesses.
, even this kind of inside information often represents terrifying energy, and this indescribable sense of mystery can better establish authority among the people below.
Finally, Tian Jiayi said: "This big profit has also caused the company's net worth of overseas assets to soar to US$77.5 billion, which is about 528.5 billion yuan. Now it is all liquidity. What are you going to do with this liquidity?"
assets?"
Such a huge amount of liquidity has now been withdrawn with interest, but it needs to find a place to live, and we cannot let such funds lie there and depreciate.
