Originally there was only a six-point panic, but your suspension of the market will artificially increase the panic to twelve points or even twenty points!
This is also the fundamental reason why the Hong Kong stock market plummeted by 1.3% on the day it reopened after being suspended for four days. Investors' panic was not vented during the suspension, but accumulated more and more. If you reopen the market, what will happen?
This is the case with the Hong Kong stock market and the New York Stock Exchange as well!
Therefore, following David Luther's remarks, the U.S. stock market, which had already been unable to hold on, immediately seemed to have taken tons of laxatives. It dropped more than 250 points in just fifty minutes, and the entire market was in a terrible state.
On the 58th floor of an office building less than 100 meters away from the New York Stock Exchange, Henry Williams and David Anderson had become somewhat numb. Only Cesar and his eight men were extremely excited.
On Monday two weeks ago, Cesar's team closed all their long positions under the boss's strong request and started shorting. At that time, the U.S. stock market was still around 2,650 points.
As a result, two weeks later, the real-time points displayed on the market are less than 1,700 points! The most important thing is that today, the Dow Jones Industrial Average has fallen by nearly 600 points!
Hundreds of accounts scattered across dozens of countries around the world control up to 2 billion U.S. dollars in funds to short the U.S. dollar. With the help of margin leverage, this amount of funds has been magnified dozens of times.
The most important thing is that these short positions were not established temporarily, but were established half a month ago, and the average establishment point was more than 2,600 points.
Now, the market has dropped to 1681.2 points. The profit here is already an astronomical figure. Although it is still not as high as the profit in European stock markets, it is also very considerable.
"Boss, today is such an exciting day!" Cesar said excitedly. At this time, he was just a leader of a trading team. His nationality and identity were of no importance to him.
In his eyes, there are only stock index points and book profits and losses. Of course, the profits earned from hundreds of accounts in dozens of countries around the world have made him very excited.
As a trader, profit is the best reward.
Henry and David are both true Americans. Although the Dragon Fund has made a lot of profits from this speculation, and they can also reap considerable dividends, as Americans, they are not feeling very good now.
On one side are crazy profits, and on the other side are countless compatriots suffering huge losses. The two of them now don’t know what to say.
Although they are top investment experts, neither of them has ever experienced such a severe stock market crash. Especially since a large part of the huge profits they are making now come from their compatriots, which makes them feel unsure about which side to stand on while witnessing the tragedy of the stock market crash and feeling the pleasure brought by the huge profits.
After a long time, the two main executives of the Evil Dragon Fund have become numb.
However, their numbness does not mean that Yang Jing will let them go easily.
"David, inform your trading team to wait for my order after a while, and then start announcing the stock repurchase. Let them be prepared and wait for my order."
Hearing Yang Jing's words, Henry and David's eyes lit up. What does it mean to buy back stocks? It's simple. Buying back stocks means that the boss has agreed to start saving the US stock market.
As long as the boss with a lot of money agrees to buy back the stocks, no matter which stocks they are, it will always bring a certain amount of confidence to the market. And David is also very clear that he has a fund of up to 8 billion US dollars for stock buybacks. Even if he only buys back the stocks of 27 companies, this huge amount of money is enough to make the stock prices of these 27 representative companies recover.
Among these 27 companies, except for emerging companies such as Microsoft and Oracle, most of the other companies are leaders in their respective industries. Whether it is Citibank or Microsoft, or Coca-Cola, AT&T, General Motors, General Electric, Texaco, Exxon Mobil, Alcoa, Pittsburgh Steel, Union Pacific Railroad, Boeing, IBM, Westinghouse Electric, News Corporation, Comcast...
All of these companies are leaders in their industries, covering the most important industries such as banking, transportation, energy, mining, food, steel, automobiles, and media, and are all large-cap blue-chip stocks.
As long as the stock prices of these companies can recover, it will inevitably drive the recovery of the broader market and will also bring great confidence to investors!
What is a market rescue? This is a market rescue! Although it is very simple, the effect is the most effective!
Of course, only financial tycoons like BOSS who hold huge amounts of money are qualified to rescue the market in this way!
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