Chapter 77 The Power of Rumors

   This is definitely a big negative for the RB stock market.

  However, it remains to be seen how much it will affect the current RB market. Either way, it's a positive sign.

   "What should we do with our money?" Maxim's first thought was not the huge funds in their hands, but the money of those investors who had been embezzled.

  While shorting the RB market, Jim had the audacity to privately put the funds entrusted by investors into the maturity index market, hoping to make some extra profits from it.

In the last week, his private funds made a profit of more than 10 million U.S. dollars, which made him very excited. He put all the profits back into the market and established more than 1,000 lots. one.

  The fourth quarter is now over, and soon the fund will release the research and outlook for the new quarter, and at the same time announce the latest net worth to investors.

   Before preparing to return to China, Jim also wrote an impassioned letter of thanks. In the letter, he first thanked them for their support this year, and then announced with pride that he would double the net value of the fund in the coming year.

   Now it seems that this promise may have been made too early.

After thinking silently in his heart for a long time, Jim gritted his teeth and said in a low voice: "Look at the reaction, I don't think the RB market will fall so easily. At most, we will make a big deal. Investors can redeem it if they want to redeem it." !"

   Standing beside him, Maxim's expression changed, and he didn't speak for a long time, and he didn't know what he was thinking.

  Jim's wishful thinking is obviously wrong. The RB market is not as strong as he imagined, even very fragile.

On the first trading day in 1990, the RB market opened slightly lower than the previous trading day. It seemed that everything was going well, but before the opening bell stopped, the sellers in the market sold a large number of stocks. A menacing appearance.

   This is a psychological test to test the RB market's reaction to bearishness. If the market can continue, short sellers may have to think carefully about what to do next. On the contrary, the transaction will be a bit difficult, and the follow-up offensive will continue to hit.

  The result was neither good nor bad. After a period of reaction, these stocks were still taken over. It can be said that the short-selling party and the other side who are pursuing it are just a little bit, and they will retreat at the touch of a button.

   On this day, the RB stock market fell by 0.52%, down 202 points, to close at 38712 points.

  January 5th, the second trading day, the Nikkei continued to fall. It fell 1.13% on this day, lost 438 points, and closed at 38,274 points. It was close to 38,000 points in the intraday session, but it was still tenaciously held.

   On the third trading day, the downward momentum slowed down, and the index fluctuated by 20 points throughout the day. However, the optimistic funds in the day had a faint counterattack momentum. The highest point even exceeded 38,500 points, and finally closed with a small decline.

   On the fourth trading day, the decline still did not stop, falling 343 points all day, or 0.9%. On the fifth trading day, the number at the opening was the highest point of the whole day, and even fell below 37,500 points in the session, and finally barely closed at 37,696 points.

   In five trading days, it fell by more than 1,200 points, a drop of more than 3% compared to the highest point of 38,957 points.

   These points seem to be a lot, but compared to the huge number of more than 30,000 points in the Nikkei Index, they are nothing at all. Analysts believe that part of it is structural adjustment, and the other is the digestion of bad news. In the end, most analysts believe that the bull market in the RB stock market is not over yet, and it is still possible to reach 40,000 points in the future.

The market quickly reacted to this. On January 11th, the Nikkei index turned up and rose by more than 400 points throughout the day. However, in the following four trading days, it all fell back and soon fell below 37,000 points. , closed at 36729 points on January 18th.

  The 37,000 point is a watershed. Analysts generally believe that the market has fully digested the bad news. After all, this number has fallen by nearly 2,000 points from the highest point of the stock market, and the drop has reached 6%. But this time, many of them expressed cautious optimism about the market outlook.

  In fact, the falling stock market has attracted the attention of many people. At this time, many big companies and big figures have come out to speak, expressing strong confidence in the future of the RB economy.

In January, "RB Economic News" already had 20 famous entrepreneurs predicting the stock market. Among these people or behind them were later honored as the "God of Business" and similar titles, but at that time none of them Exceptionally, they all expressed optimism about the RB stock market, and even believed that the Nikkei index would reach 42,000 to 48,000 points.

The big man's speech ignited the enthusiasm of stockholders. During the nearly one-month period from January 18th to February 16th, the RB stock market has indeed stabilized its position, fluctuating in the range of 37000-38000, which seems to be It has entered a period of constant adjustment and oscillation.

  During this period, on the Singapore Exchange, the short-sellers were elated. They have never been like this before, watching the RB stock market fall every day, and then checking the profits in their accounts.

  Two thousand points, converted into US dollars, is 6,700 US dollars, and 300,000 lots is 2 billion US dollars in income. Of course, these are ideal conditions for opening positions at the highest point. In fact, Jim and his team made a profit of more than 1.4 billion U.S. dollars during this period. Although in the next few trading days, the money evaporated by one-third due to the rise of RB stock market. Dollar.

   They can be said to have let out a big breath of anger!

   They had been losing money before, and they rarely made money. Now they finally turned around, which made almost everyone in the operation room extremely excited.

  The reason why I say almost everyone is because there is also Jim. Unlike the traders who are so excited, he is very distressed at this time.

  His hedge fund lost a lot of money in this decline, very badly.

  Here I have to say that his fund is not registered with the regulatory authorities, so there is not much restriction on the application of funds, which is why he can freely mobilize funds to other investment fields.

  It’s like a person takes his own money and invests whatever he wants to invest. It’s a truth.

   But the problem is that the money is not his own. It is because of his connections in RB over the years and his trust in his past performance that some people trust him to take care of the money.

  Everything is easy to talk about when making money, but if you lose money, those people will not care about the old feelings, I am afraid that they will withdraw funds from here immediately.

   It’s okay to just withdraw the funds, as the saying goes, resignation to fate, but these people gave him the money to take care of it, which explained in advance that investing in the RB stock market is not the futures market, which is dozens of times riskier than the stock market.

  Once these people know that he has embezzled funds privately and invested in the futures market, I am afraid they will kill him immediately.

  Jim is well aware of the horror of the RB gang.

  Although he cleared his position in time, he still lost 20 million US dollars on the investment in the Singapore futures index market, and now only less than 40 million US dollars are left in full.

In just four weeks, it went from 50 million to 60 million, and then fell to 40 million. The net worth went from high to low like a roller coaster, and Jim's future and destiny also experienced ups and downs. .

  If at this time, Jim can stop in time and return the funds to investors, there may still be room for improvement. It can be seen that he is used to the power of the futures market to make money, and it is difficult for him to reinvest his interest in the RB stock market, and the market prospect is unclear, so he decided to wait and see.

  Different from him, Zhong Yi opened a position at the highest point, and the 8,000-lot contract earned him more than 50 million US dollars. Zhong Shi decisively cleared all February contracts in mid-January, and instead established 9,000 short contracts in March, April and even May.

  He doesn't remember the specific trend chart, but he knows that the crash of the RB stock market is unstoppable. At this time, it doesn't make much sense to just entangle in the one-month contract. Now as long as you operate according to the general trend, you will earn huge profits.

  January and February are coming to an end in the ups and downs of the RB stock market. The Nikkei index has not changed much in these trading days, and it seems that the RB stock market will not change much in the short term.

  Zhong Shi has also returned to the mainland. His purpose of coming to Hong Kong has been achieved. It will be just a phone call away for Andrew to clear all futures at the right time.

At this time, Andrew had already worshiped Zhong Shi a little bit, and the Nikkei index developed exactly as Zhong Shi expected. The strategic operation left by Shi.

  Days passed by, and in the last few trading days of February, it seemed that the RB stock market would spend it in a mediocre way like the previous dozens of trading days. Suddenly, I don’t know where there is a news that the American Mercantile Exchange will launch Nikkei 225 index futures in the near future. (Sorry, I didn't find the specific time of launch, so let's take it as this time point!)

  As soon as the news came out, the market was in an uproar.

   On the premise of the Singapore Exchange and the Osaka Exchange, the Chicago Mercantile Exchange also launched the Nikkei Index Futures Index. The implication is self-evident, that is, to suppress the RB market.

   Throughout the history of the capital market, every time the stock index futures of each market exited, the corresponding market plummeted. This is the case in the United States and Hong Kong, and even the current RB is no exception.

  Why this happens, it starts with the market. Generally speaking, most of the support for the rise and fall of stock prices is the confidence of investors. After all, not everyone knows how to invest in value.

  Although the market also provides a short-selling mechanism, such as margin financing and securities lending, etc., this method has various requirements and restrictions, which does not allow the short-selling mechanism to fully play its role.

For example, if an investor wants to short a hot stock, he has to go to a brokerage to borrow the stock. However, it is difficult to do so in the market for a stock that is hot and rising rapidly. Without selling the stock, it is difficult for a short seller to do so. empty.

  Futures refer to this thing, and what it marks is an index, not a substantive thing, so there is no need to borrow. And to a large extent, it is linked to the confidence in the entire market, and it is complementary to the performance of the stock market. When the stock market rises, it will rise, and when the stock market falls, it will also fall. On the one hand, it is a catalyst , which on the other hand is a foreground image.

  The pros and cons are obvious!

  RB Market reacts quickly!

   Fall! plunge!

  (end of this chapter)