Chapter 174 The epidemic strikes suddenly, what bottom should we buy?
In the Hengtong Finance office, Ding Jianjun put down the knife in his hand, stretched out his right hand, and carefully admired his neatly trimmed nails, as if he was looking at the retail investors he had just harvested.
The past year was, unsurprisingly, another year of great success.
According to the prepared "Trading Plan", 70% of the positions had been sold before the opening of the Science and Technology Innovation Board, making the cost negative. The remaining stocks were easily sold out in the remaining months, just like a cat playing with a mouse.
"Mr. Ding, what should we do with the Hongqu account?" Yang Tao raised his head, his face full of satisfaction after reaping the benefits from retail investors.
He contributed a lot to this operation, and the team directly distributed dividends of 1.3 million yuan to him.
Ding Jianmin thought for a moment and said:
"I've deleted all posts after April. From now on, I'll continue to post analysis posts about which sectors are performing well. After a month of speculation, retail investors, especially new fans, will have forgotten what happened before."
"Well, let's just focus on the pork sector. Before long, someone will definitely send us a private message in the background, and then business will come in, right?"
"Boss Ding, this is fucking amazing! After this time of making money, the account can still be used. How about we write a few more chicken soup posts to comfort them?" Yang Tao's eyes rolled, and he was full of bad intentions.
"Sure! You can write a few articles. After the leeks are cut, they must be in a bad mood. Comfort them and keep them. Otherwise, if they simply stop investing in stocks, who will we cut in the future?"
“Who should be blamed for the loss?…Hahahaha, it’s harmonious.”
Yang Tao laughed wildly, as if he saw retail investors complaining about their fate after losing money.
While mocking the stock investors who were still supporting the "Red Yeast" big V, he copied and pasted excerpts, and soon he had written a long article, which really looked like the truth.
Beside him, Jing Lei seemed to be hesitant to speak.
Ding Jianmin took a look and asked, "Jing Lei, what's going on?"
"Mr. Ding, can I offer a suggestion? I suggest we get into quantitative trading. Last year, when I was trading, I encountered two very difficult companies and they took a lot of my money out of me."
Jing Lei tapped the keyboard with his ten fingers. He made a lot of profit from trading here, and received dividends of 1.3 million yuan. He also practiced his technical deception skills. It was very satisfying and rewarding.
"Quantitative trading? Are you sure?"
"Yes, I have a few friends working on it, and I can go and discuss it with them. This thing actually uses a computer program to turn into a large sickle, specifically designed to cut off retail investors, hot money, and even large investors and banker dealers."
Ding Jianmin thought for a moment and ordered, "Okay, go immediately. Even if you don't advance, you will retreat. We have to keep up with the trend. Otherwise, we will become other people's leeks in the future."
"Okay, I'll book the ticket right away." Jing Lei said and started to check the ticket information.
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Time flies, and more than a month has passed before I knew it.
The Shanghai Composite Index has been hovering around 3050 points, unaware that a huge crisis has already struck.
Thursday, January 23, 2020.
Under the huge negative situation,
The Shanghai Composite Index opened low at 3037 points, and then quickly plummeted 2.75% to close at 2976 points.
As the news continued to ferment, panic began to spread on the Internet. Throughout the Spring Festival, not only were many citizens worried, but even stock investors were worried.
Because almost all cities in the country are in a semi-lockdown state, many economic activities cannot be carried out, and the performance of many listed companies has been greatly affected. The key is that no one knows how long this state will last.
A huge uncertainty hangs over the stock market. No one knows how the market will perform after the market opens.
Monday, February 3, 2020.
When the stock market opened, the Shanghai Composite Index opened directly at 2716 points, plummeting 7.72% in a shrinking volume. The ChiNext Index was even worse, falling directly by 8.23%. As soon as the two markets opened, more than 2,000 stocks hit the limit down. By the closing time, a total of 3,188 stocks closed at the limit down.
Many investors were stunned by this blow and couldn't escape even if they wanted to.
Overseas, the Dow Jones Industrial Average in the United States fell even more sharply and sharply, plummeting from its highest point of 29,568 points on February 12 to 18,213 points on March 23, a drop of more than 10,000 points!
In just over a month, the market plummeted 38%! It went straight from a bull market into a bear market.
Among them, on February 24, it fell by 1,031 points! 3.56%!
On February 27, it dropped 1,190 points! 4.42%!
On March 9th, it dropped 2013 points! 7.79%!
On March 11, it dropped 1,464 points! 5.86%!
On March 12th, it dropped 2,352 points! 9.99%!
On March 16, it dropped 2,997 points! 12.93%!
On March 18, it fell 1,338 points! 6.3%!
The Dow Jones Industrial Average triggered four circuit breakers in just ten days: March 9, March 12, March 16, and March 18! Previously, the US stock market had only experienced one circuit breaker!
I wonder how many A-share investors stayed up late to watch the fun.
"Hahaha, Trump is going to be launched to the moon seven times now!"
“It turns out that I’m only one circuit breaker away from becoming Buffett.”
"The U.S. stock market is really exciting. It can lose years of gains in just a few days, and even more than 10,000 years in one wave. Although I lost a little, I feel much better when I see that there are people who are worse off than me."
Stockholders stay at home and comment on the market
The U.S. stock market is the main pool of wealth for Americans and cannot be lost.
Therefore, on March 3, the Federal Reserve cut interest rates sharply, directly lowering the benchmark interest rate by 50 basis points. This kind of unexpected interest rate cut was only adopted during the 9/11 incidents in 2001 and the global financial crisis in 2008.
This shows the seriousness of the situation.
In mid-March, the COVID-19 pandemic in the United States continued to worsen, the stock market continued to plummet, and the Federal Reserve once again urgently cut interest rates, directly lowering the record to the range of 0-0.25%.
In addition, a $700 billion quantitative easing program was launched. At the same time, the Federal Reserve also successively implemented unlimited quantitative easing and provided up to $2.3 trillion in loans!
On March 16, my country's central bank implemented a targeted reserve requirement ratio cut for inclusive finance.
On April 20, the one-year LPR was lowered by 20 basis points; the LPR for terms of five years and above was lowered by 10 basis points.
Money poured into the market like a flood.
City B is also on high alert, and Li Feng has already brought Lin Menghan over to live with him.
That day, Li Feng was in the bedroom with his laptop, looking at the market for a long time without saying a word.
Next to her, Zhao Xinyue had already given birth to a baby girl weighing 15 pounds. While breastfeeding her, she asked, "What were you staring at for so long at the stock market?"
On the other side, Lin Menghan walked in and said:
"I guess he's thinking about what stocks to buy. Didn't he say crisis, crisis, there are opportunities in crisis, and only with great crisis comes great opportunities? He must be trying to buy the dip."
"Buying the dip? What dip? All industries are affected."
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Fellow stockholders, please use your hands to make money and send one to your love friends for free.
Your encouragement is my motivation to update
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