Although the market started to fall again within an hour and a half and finally closed at points, it is an indisputable fact that the market began to rebound.
Yang Jing, who came from the future, knew the trend of the U.S. stock market on Black Monday very well, so when the market started to rebound, he didn't mind pushing it along. Anyway, the Dragon Fund established a long position at around 1,700 points, so even if the market rebounded and continued to fall, the worst that could happen was to lock the position.
Anyway, by tomorrow and the day after tomorrow, the U.S. stock market will rebound by nearly 300 points in total, and will eventually stand firmly above the 2,000-point mark, so Yang Jing is not worried about any problems with going long on the reverse side.
In general, although Black Monday was terrifying and brought great panic to the market, investors in the United States and around the world still have enough confidence in the U.S. economy. It doesn't matter if the market plummets for one day, we can slowly get it back! Anyway, the fundamentals of the U.S. economy are here. If the market plummets for one day, can it plummet every day?
After all, the US economy is not the Japanese economy. After the Japanese stock market crashed in 1989, it fell for several years because the Japanese economy was really in trouble. But no matter what, the US economic fundamentals are favorable, so the crash can only cause temporary panic. When investors' confidence is restored, the US stock market will pick up again.
Yang Jing went long and announced that he would use a large amount of funds to buy back the company's shares. In fact, this was a means of operation that followed the trend. As long as the market could rebound, it would not matter if it fell again.
In fact, the market fell again after 2:30, which was more of a technical correction. Many investment institutions would decisively establish long positions when they saw the market start to rebound, which led to the market rebounding up to 350 points in a very short period of time. But at the same time, when the market rebounded to such a high position, those investment institutions would inevitably take profits, and then a large number of long position closing actions would be the same as short positions, directly suppressing the market that had just risen.
Yang Jing established a long position at a very low level, much lower than the level at which most investment institutions established long positions. Even if the market continued to fall according to its original trend in time and space and closed at 1738, Yang Jing was not afraid.
The most important thing is that today he successfully purchased a large number of stocks of 27 companies. Even though he paid tens of billions of dollars for it, Yang Jing was very satisfied.
The stocks of these companies have been very popular in recent years.
For example, General Motors and Ford Motor were the most powerful companies in the automobile manufacturing industry in the 1980s and early 1990s, even more powerful than bank stocks. During this period, both General Motors and Ford Motor were companies that occupied the top few places in the Fortune 500 for many years.
Even if we look at the whole world, automobile manufacturers are undoubtedly the most powerful companies in this era. Which of these automobile manufacturers, Volkswagen and Toyota, is not a large company in the world?
Even if automobile manufacturing companies fail in the future and many of them even go bankrupt, this industry will still occupy an important position in the global industry.
The reason why Yang Jing wanted to acquire stocks of these companies was not only to make money, but mainly to gain a very high political status.
Just like in the automobile manufacturing industry, if Yang Jing became a major shareholder of automobile giants such as General Motors, Ford, and Volkswagen, then almost no one in the United States or even Europe would dare to touch Yang Jing.
Although the automobile manufacturing industry began to decline in the new century, this industry involves too many workers. For example, General Motors has more than 300,000 employees, and Ford Motor has more than 400,000 employees, ranking second 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 an election comes, whether it is the senators, congressmen, or even presidential candidates, they will all rush to curry favor with Yang Jing.
Damn it, if you dare not curry favor with me, I will make sure you don’t get any votes!
Don't believe it? If you don't believe it, just try it! See if the workers are willing to listen to me, the major shareholder who can bring them tangible benefits, or to the empty promises of you politicians?
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