Chapter 100 The person who steals the concept dies
On April 2, the day after April Fool's Day, a piece of "news" about Gu Kun criticizing Soros, organizing a joint counterattack, and calling for support to save the market was broadcast on Kyodo News and South Korea's KBS TV station.
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The format of the news was roughly this: Gu Kun convened a small group of people from the economic circles of Southeast Asia, Japan and South Korea to have a closed-door meeting in a hotel. The TV station reported some snippets of the speech.
In other words, this news was framed as "a participant leaked information to the media" rather than Gu Kun speaking directly to the media.
The reason for doing this is to make the plot seem less gun-charged, reduce the suspicion of "interfering in financial freedom and using non-market means to manipulate the market", and reduce the hostility among the people of various countries.
After all, if Gu Kun publicly called on powerful people to protect the market, this would easily cause resistance in a country that respects the free market.
But in private, there were casual sighs among friends. As long as the enemy could not prove that the other guests discussing with Gu Kun were the heads of financial management agencies of various countries and did not constitute government interference, then they would not be caught.
In the breaking news clip, Gu Kun’s speech behind closed doors seemed impassioned:
"Everyone, everyone has seen what Soros has done! He keeps claiming financial freedom and investment freedom, but what actually he does? He just blindly uses the blindness and fear of the crowd.
What he wanted was never to suppress the frothy economy and return to rationality, but only to manipulate the ignorance and timidity of retail investors! The Thai baht has collapsed, and it has tripled the size of Soros' funds! Then it led to the ringgit, Philippine peso
, the Indonesian rupiah has fallen one by one, and now it has spread to the Korean won!
Everyone, let’s take a look. Soros’s ambition has no boundaries. He is no longer satisfied with only targeting countries with real economic bubbles. As long as his financial strength is allowed to continue to expand, and the ignorant fools in various countries are allowed to fear Soros and
As the myth continues to deepen, sooner or later he will become more and more powerful and attack an innocent country that is completely stable!
This time, if we don’t kill it in the Hong Kong dollar market, not only the Korean won will be attacked, but also the RMB and the yen may be attacked in the future. No country except the US dollar will be spared!
And this opportunity is very rare, because the capacity of Xiangjiang's stock market is large enough to withstand the counterattack against Soros' "Forex-stock dual-market linkage" trap! If Xiangjiang falls, we will not be able to do it with the stock market in South Korea.
It is possible to kill him completely, but only by the time he attacks Japan, it will be too late!"
On TV, after these words were broadcast, there were private interviews with several other guests. Those people all expressed that they were deeply encouraged and were willing to follow Gu Kun to save themselves.
However, the identities of these people, as shown in the subtitles on TV, are all private economic figures, and they all express their own personal investment opinions. None of them are personnel from a certain country’s central bank or regulatory agency, so it will not
The handle has been dropped.
After the news came out, the exaggeration effect was really obvious. Before the market closed on April 2, a large number of private investors were very encouraged, thinking that the news was true. They changed their previous sell-off attitude and chose to wait and see.
Enter immediately.
When the market opened on April 3, the Hang Seng Index actually recovered the 7,000-point mark and rushed back to around 7,100.
Due to the time difference and the fact that this wave of stock market operations would last for half a year, Soros could not keep an eye on it all the time in the middle of the night, so he only noticed the relevant information on April 3.
Seeing the stock index rising again, Soros's first reaction was to curse, because he mistakenly thought that the national team was really protecting the market:
"Despicable and shameless Asian pigs! Those beasts really evolved in a barbaric state without repeated games! Such a blatant violation of the rules of the game! First gather your funds and smash them hard, and scare as many people as you can.
Man! We must not let the confidence of the bitches be restored at this time!"
Of course, Soros's capital base is much larger than that of Gu Kun, and Gu Kun just made a false shot and did not really attract large-scale support.
Therefore, starting from the afternoon of April 3, the market began to plummet again, and 7,000 points was broken down again.
Soros's determination has never been firmer. In one wave, billions of dollars of principal and nearly 20 billion dollars of leverage were poured into the market. By the end of the weekend, the Hang Seng Index had already hit the market.
Left at 6500 points.
The sheep regained their popularity and became Soros's accomplices again.
At the same time, Soros did not forget to fight back in the media, scorning Gu Kun in a high-profile manner, calling Gu Kun a "layman barbarian who ignores the rules of the financial game."
"A layman like Gu Kun is like what we usually call a barbarian at the door! He ignores the laws of financial civilization and shows from head to toe the imbecile brain of a mining tycoon! A typical Eastern authoritarian tyrant mentality!
In those ignorant and uncivilized countries, they like to let bubbles continue to expand, and they also hide in dark corners and are hostile to the superior risk management and control system that Oceania has perfected and developed over the past century! Only long selling is allowed, short selling is not allowed, and short selling is stigmatized.
As everyone knows, the coexistence of short selling and long selling is the prerequisite for the long-term healthy development of the financial market and for the invisible hand to successfully mediate resource allocation! Just like the great Oceania-style judicial system, lawyers can do anything to benefit their clients, because
A lawyer's duty is to fully confront the prosecutor. Only through confrontation can the truth be argued more clearly. This kind of use of all means is civilized and just.
However, in the eyes of the barbaric Eastern authoritarian tyrants, this kind of confrontation has been stigmatized. They savagely pursue the efficiency of governance and ignore the perfection of the rules of the confrontation game. This time, if the crude intervention of Gu Kun and others is allowed to defeat the nature of the market,
Law, that would be trampling on civilization!”
I have to say that Sogou’s counter-attack is still very good.
One thing must be clarified here, including future generations, there are many people in China who applaud Soros. The main reason is that "the economic bubble is too big, the institutional power of the bulls is too strong, and the people are seeing the A-share stock price being inflated, but they cannot suppress the institutional push-up."
"The fundamental reason for this is that China's short-selling mechanism is not perfect enough, the dog-eat-dog mechanism between short sellers and bulls is not well developed, and there are not enough big short sellers like Soros who are frantically popping bubbles."
When boasted by these people who are muddying the waters, it seems that Soros has become someone who robs the rich and gives to the poor.
In addition, some intellectual elites who study law always feel that the status of the Chinese legal profession is not as good as that of Oceania, so they like to boast that "only through confrontation can the truth become clearer." After such a mix-up, it seems that Soros has become excusable
people.
Furthermore, A-share market earnings/price-to-book ratios are generally at least 2.5 times higher than those of Hong Kong stocks, which is indeed falsely high. The above remarks have attracted a group of believers and attention.
But those remarks are absolutely ridiculous nonsense.
Because they secretly changed the concept and replaced "should support short selling" with "should support Soros".
Therefore, Gu Kun immediately went on TV to refute publicly this weekend, exposing Soros's despicable words.
He accepted an interview with South Korea's KBS TV station and said directly in the conversation with the host:
"Soros's remarks have obviously changed the concept! We have never opposed short selling! There is no problem with short selling in good faith, including Buffett. That kind of short selling institution is based on various quantitative analysis of the currency exchange rate of a stock and a country.
Analyze, then reveal the truth hidden by the other party, and then throw down a short futures index.
As for Soros's short selling, in fact, there is no need for the premise that the other party does have a bubble and should be lowered in valuation. In other words, in the Southeast Asian financial crisis, only the initial attack on Thailand required some bubble fig leaves.
, but in the end, we actually ignore whether it is a bubble or not, and just look at the people’s fears.
In other words, he is just like a snowball rolling up, slashing row after row with a knife, threatening the people behind him: I have more money than you, and I have more money on the short side than on the long side. If you don’t run away, others will be scared away by me. If you want to live, you must
Run quickly. Get to the back, and those who don’t have bubbles will also be in trouble.”
Reasonable short selling to expose the opponent's bubble with reason, and taking advantage of the fear of sheep even if there is no bubble, are completely different things. Financial commentators who confuse these two concepts should cut off their descendants, cut off their ancestors, and kill their entire family for eternity.
As soon as Gu Kun said these words, some financial strength in the West, which had just been brought up by Soros, was slightly suppressed.
Gu Kun’s meaning is very obvious: Soros is the one I want to kill! What I want to kill is the herd effect strategy, not reasonable short selling!
I have great respect for institutions that are reasonably short-selling, including Buffett. We also welcome supervision of those short-selling institutions on Wall Street whose professional analysis reports point out problems.
This gesture is very necessary.
If Gu Kun chooses to fully attack Wall Street, he will arouse a lot of hatred and encounter much more resistance. Other Southeast Asian countries, even South Korea and Japan, do not want to see it.
However, he accurately exposed Soros's sinister intentions, and also emphasized that Soros was secretly changing the concept, trying to push Gu Kun's point of view one step further, trying to lure Gu Kun to accidentally hurt a good person, and lure other people to be killed by Gu Kun's AoE.
a reaches the point where he will generate hatred towards Gu Kun.
In this way, Soros becomes the guy who stirs up dissension.
The effect of Gu Kun's move was indeed very good.
Because on the third day, Sunday, I actually forced the stock god Buffett to come out and answer some questions and concerns from reporters on CNN.
Buffett apparently responded because he didn't want to be associated with Soros.
Buffett did not express his support for Gu Kun or Soros. He just said: "Everything recently has nothing to do with me. I don't think some rookies in Southeast Asia are criticizing me for panic short selling. What I do is value investing."
Even so, Gu Kun's goal was achieved.
Although Buffett did not support him, it was equivalent to saying: I know that Gu Kun only scolded Soros, but he did not want to scold me. It was Soros who insisted on saying that Gu Kun also scolded me, and I was too lazy to pay attention to him.
Dear readers, please don’t think there is anything wrong with this statement. Why has Gu Kun’s reputation suddenly become so great?
Because Oceania is just a collection of profit-seeking people, there is no unity in itself, and the struggle for the interests of various factions has always been very intense.
Buffett's "value investing" school and Soros's "herd investing" school have been feuding for many years.
Because the essence of herd investing is to deny the theoretical roots of value investing: there is no objective value at all in the world! There is only fear and confidence! As long as the fear is big enough, no matter how valuable things are, it is shit! As long as the confidence is big enough, in shit
Things are also money!
After Buffett spoke out, Gu Kun did not forget to add another punch: "Mr. Soros has never believed in objective value, so my approach is just to treat others with their own methods. He uses fear to guide investment.
I also use fear to guide everyone to invest in the opposite direction.
Does he think I am inciting the hatred of Southeast Asians, Japanese and Koreans against him? No, I just make them fear death and want to completely kill the source of death. If the former is not market manipulation, and the latter is market manipulation, then I
I have to say how hypocritical Oceania’s so-called financial freedom is.”
Investment wars can never be won by talking.
However, Gu Kun's temporary verbal advantage allowed many people to see the opportunity to quietly enter the market.
"Sir, how about we launch a market protection next Monday! People have said that this is not an intervention in the free market, but that the market itself is a market of fear. There are so many foreign investors who do not want Soros to eat Hong Kong again.
Go eat it and join forces to snipe here, that’s no problem, right?”
These words were spoken by a think tank analyst in a certain national team organization to his leader.
"If we don't protect the market and let Soros continue to push the stock index, Gu Kun over there will shout out all the slogans, and retail investors will think that we can't protect the market even if we intend to protect it! At that time, the entire market confidence will be completely destroyed! We
No matter how much we try to protect it, we will get twice the result with half the effort, and it is not as good as the people’s support now!”
Gu Kun had already forced them into a position where they were riding a tiger, and then paved the steps.
The service has been so good, there is no reason for the team to keep up the air and stay put.
"Then take action in advance." A certain person in charge of the competent department, after being coy and coy, finally issued the order half-heartedly.
Monday, April 6th.
A new week of fighting has begun.
Soros continued to hit and sell orders furiously, with a principal amount of several billion dollars a day, plus leverage, which was enough to leverage more than 10 billion dollars.
The stock price continued to be depressed on Monday morning, and soon broke through the 6,500 mark and headed straight for 6,000 points.
However, this trend was just the end of the stick after all. He had no chance to touch 6,000 points, and he had no chance to hold on until noon.
Shortly after 10:30 in the morning, when the lowest level was near 6200 points, a huge amount of protective funds came in to counterattack.
As for Gu Kun's funds, when the market opened that morning, at the mark of more than 6,500 points, it changed the posture of "focusing on adding positions in telecommunications and network stocks" last week to a "comprehensive attack", covering all categories.
Stocks are being sold like crazy.
The approximately 300 billion U.S. dollars of funds leveraged by Soros after ramping up leverage were actually traded away in one day!
The trading volume is so large that it has not been seen in the Hong Kong Stock Exchange in the past ten years.
Equivalent to one-tenth of the entire Hong Kong stock market, stocks changed hands in one day.
At the close, not only 6,500 points were recovered, but also 7,000 points were recovered.
Within one day, it first fell by 300 points and then rose back to 800 points. The sharp fluctuations made retail investors stunned.