Happy Tycoon
Chapter 501: Political status
Yang Jing suddenly announced that he was preparing to rescue the market. This is undoubtedly good news for Henry and David, but for Cesar who are immersed in reaping huge profits, it is not good news.
As a trader who likes to play games in the black swan market, Cesar insists that one thing is that in the financial market, there can be no softheartedness, which can only bring disaster.
Although Cesar is also very clear that the global slump like today's market will definitely not last long, but based on the current situation, even if it persists to today's close, the benefits of the Dragon Fund will be better than it is now. The benefits are a lot more.
Therefore, Cesar looked at Yang Jing with a very puzzled expression, as if asking "why".
Yang Jing raised his hand and looked at the watch, knowing that another wave is coming, and it is absolutely impossible to go against the trend at this time.
Again, taking advantage of the trend is the best choice a top speculator can make.
So Yang Jing said to Cesar very decisively: "Order, close all positions, go long backhand!"
Received a positive answer from Yang Jing's mouth, and now Cesar couldn't keep his breath.
"Boss, why close the position now? According to the current trend, it is very likely that the market will continue to fall. Isn't it true that we are doing long backhand..."
Yang Jing glanced at Cesar and said with certainty: "Give the order first, you will know the reason in a while."
Although Cesar was puzzled by Yang Jing's order, he still carried out the order well.
Under Cesar's order, the traders who controlled hundreds of accounts scattered in dozens of countries around the world began to act quickly. Within a few minutes, a huge amount of long contracts suddenly appeared.
Closing a short contract is equivalent to going long.
Under this market, long contracts will not appear at all, and no one will go long at this time. But there are a lot of short contracts waiting to be traded. These short contracts cannot be traded at all. The selling order is too big, and the market has been showing a downward trend. If anyone sells the short contract at this time, it is fudge.
Therefore, the short contracts that Cesar threw away were quickly digested by the huge market. At the same time, these traders also controlled those accounts and began to frantically establish long positions.
Now there are investors and investment institutions who want to sell long contracts in the market, so the long positions of the Dragon Fund have been established smoothly. Almost as long as the long contract is listed, it can be traded immediately.
Seeing that the time is about to pass fourteen, the long position of the Dragon Fund is almost established. At this time, Yang Jing asked David Anderson to announce as the CEO of the ky investment fund that the ky investment fund will invest no less than eight One billion dollars of funds to buy back stocks.
The ky investment fund currently holds the stocks of as many as 27 companies. Even the company with the least shareholding ratio, the ky investment fund holds more than 1% of the shares.
A 1% shareholding ratio is not a major shareholder, but it can definitely be regarded as a major shareholder. At the moment when various stocks are plummeting, the ky fund dared to invest so much money to repurchase stocks. This move was immediately obtained. With the support of all shareholders of those 27 companies.
In today’s stock market crash, the major blue-chip stocks were absolutely hardest hit. The average valuation of each blue chip stock plummeted by 30%, such as General Electric down 33.1%, at&t down 29.5%, Coca-Cola down 36.5%, Westinghouse Electric down 45.8% , American Express fell 38.8%, Boeing fell 29.9%, **** fell 32.4%, Citibank fell 34.6%, Alcoa fell 41.3%, ibm fell 29.6%, General Motors fell 35.8%...
If the stock price keeps falling like this, the net worth of these shareholders will also shrink severely. As for the retail investors, they are now anxious to sell their stocks. Now the stocks of these companies are like hot potato, which is uncomfortable for anyone holding them in his hands.
Many small shareholders couldn't even resist the torture of the stock price plummet, and they sold their stocks one after another, and then all these sold stocks were firmly incorporated into the arms of the ky investment fund.
Repurchasing stocks of up to eight billion US dollars seemed like a shot in the arm, and immediately caused the stock prices of these companies that were dying to begin to rise in an instant. Yang Jing now has an astonishing plentiful of funds, and now the stock prices of these companies have plummeted again. When the two met, the ky investment fund quickly acquired a large number of stocks in the market.
For example, the ky fund originally controlled only 1.2% of General Electric’s shares. In less than ten minutes, this proportion rose to 6.8%. After submitting the relevant procedures to the US Securities and Exchange Commission, that is, sec. , Ky investment fund immediately transformed and became the largest shareholder of General Electric.
In addition, there are General Motors, at&t, ****, Citibank, etc. Anyway, among the 27 companies designated by Yang Jing, in addition to Berkshire Hathaway, the ky investment fund In a blink of an eye, it became the largest shareholding investment institution of other 26 companies.
The stock prices of these 27 companies have also started to rise wildly due to the influx of huge amounts of funds, and even the entire US stock market has begun to stabilize and recover.
In fact, even if Yang Jing does not repurchase the stocks of these companies, the U.S. stock market will begin to pick up after 14 o'clock that day, and it once surpassed the 2,000-point mark.
Although the market began to fall within an hour and a half and finally closed at 1738.74 points, it is an indisputable fact that the market began to rebound.
Yang Jing from the future is very clear about the trend of the US stock market on Black Monday, so when the market starts to rebound, he doesn't mind pushing it. Anyway, the position of the Dragon Fund to establish a long position is around 1700 points.
Anyway, tomorrow and the day after tomorrow, the U.S. stock market will rebound for a total of close to 300 points, and finally stand firmly above the 2,000 point mark, so Yang Jing is not worried about any problems with backhanding.
Generally speaking, although Black Monday is terrible and has brought huge panic to the market, investors in the US and around the world still maintain sufficient confidence in the US economy. It doesn't matter if the market has plunged in one day, we can find it back slowly! Anyway, where are the fundamentals of the U.S. economy? If the market plummets for one day, can it still plummet every day?
The U.S. economy is not the Japanese economy after all. The Japanese stock market has fallen for several years since its plummet in 1989. That is because the Japanese economy is really dying. But in the United States, the economic fundamentals are positive anyway, so the plunge can only cause temporary panic. When investor confidence is re-established, the U.S. stock market will pick up again.
Yang Jing backhandedly went long and cooperated with announcing the use of large sums of funds to repurchase the company's stock. In fact, it was an operation method to take advantage of the trend. As long as the market can rebound, it doesn't matter even if it falls again.
In fact, the market fell again after half past two in time and space, and it was more of a technical correction. Many investment institutions will decisively establish long positions when they see the market begin to rebound. This will cause the market to rebound as high as 350 points in a short period of time. But similarly, when the market rebounds to such a high level, those investment institutions will inevitably take profits, and then a large number of long positions liquidation actions are the same as short positions, directly suppressing the market that has just been pulled back.
Yang Jing's position for establishing long positions is very low, much lower than most investment institutions' positions for establishing long positions. Even if the market has fallen to the close of 1738 in accordance with the original time and space trend, Yang Jing is not afraid.
The most important thing is that today, he has bought a large number of stocks in 27 companies as he wished. Even if he has paid tens of billions of dollars for this, Yang Jing is very satisfied.
The stocks of these companies have been well-known in recent years.
For example, General Motors and Ford Motor, in the 1980s and even the early 1990s, the automobile manufacturing industry was still the best company, even better than those bank stocks. During this period of time ~ lightnovelpub.net ~ Whether it is General Motors or Ford Motors, they have always occupied the top 500 companies in the United States.
Even if you look at the whole world, automobile manufacturing companies are well-deserved as the most powerful companies in this era. Volkswagen and Toyota, which automobile manufacturing company is not one of the largest companies in the world?
Even if auto manufacturing companies fail, and many companies even go bankrupt, this industry still occupies a pivotal position in the global industry.
The reason why Yang Jing wants to buy the stocks of these companies is not only to make money, but also to obtain a very high political status.
Just like the automobile manufacturing industry, if Yang Jing becomes the major shareholder of automobile giants such as General Motors, Ford Motor, and Volkswagen, then in the United States and even Europe, almost no one dares to touch Yang Jing's finger.
Although the automobile manufacturing industry has declined since entering the new century, there are too many workers involved in this industry. Just like General Motors has more than 300,000 employees, Ford Motor has 400,000 employees picking up the airport, ranking it as the second largest industrial company in the United States in 1988.
How many votes can these employees and their families provide? This is what the congressmen and even the president are most concerned about.
Once Yang Jing can become the major shareholder of these large companies, it goes without saying that every time when the election comes, whether it is a senator or a member of the House of Representatives, even the presidential elector will have to catch up with Yang Jing.
Damn, dare not to indulge me, I will let you have no votes!
Do not believe? Try it if you don't believe me! See if those workers are willing to listen to me, a major shareholder who can bring them tangible benefits, or are they willing to listen to the vain promises of you politicians?
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