Chapter 73 Collapse
After a pause, Li Feng continued, "Right now, the Shanghai Stock Exchange and the ChiNext (Growth Enterprise Market) are showing a polarized phenomenon, so this bear market will also show different results. The ChiNext will experience a collapse-style bear market, while the Shanghai Stock Exchange Index, especially the blue-chip stocks within it, will not experience a significant decline as it hasn't seen a significant rise."
"So, to be precise, this stock market crash is a crash of the ChiNext and bubble stocks, not a crash of blue-chip stocks."
As he spoke, Li Feng called up the ChiNext index, only to see that it had soared from over 1,400 points in January at the beginning of the year to 4,037 points, nearly tripling in value.
This round of collapse has plummeted from the highest point of 4037 points to 2920 points, a drop of 27%!
"A sharp rise will inevitably lead to a sharp fall!" Li Feng concluded. "This is a rare opportunity. You two should take advantage of the weekend over the next two days to study the major indices, various sectors, and the trends of some well-known bull stocks. This will be very important for your future investments."
Zhao Xinyue and Lin Menghan nodded and began to tidy up.
Unconsciously, several hours passed, and a piece of news suddenly caught Lin Menghan's eye. She looked up with a look of surprise and said, "Li Feng, look, the market has been saved!"
Save the market?
How to save the market?
Li Feng frowned and looked over, only to see that the central bank announced that starting from the 28th, the one-year deposit and loan interest rates would be lowered to 2% and 4.85%, and a targeted reserve requirement ratio cut would be implemented.
"This bull market was triggered by the interest rate and reserve requirement ratio cuts. What do you think? Will the market come back to life and turn from a bear market to a bull market?" Zhao Xinyue also saw the news and asked happily.
Li Feng shook his head and said, "No, the trend is irreversible."
"Smart money has already fled at 5,000 points. The index won't come back unless it falls to a certain level. The purpose of issuing rescue policies is only to slow down the stock market's decline and prevent liquidity and systemic financial risks, not to reverse the bull-bear market, which it cannot do..."
"During the 2008 bear market, many rescue policies were introduced, but the market continued to fall, all the way down to 1,664 points..."
Zhao Xinyue blinked, a little hesitant, and said, "Really? Isn't our country's stock market a policy-driven market? Can't even the policy be reversed now?"
Li Feng shook his head, smiled, but said nothing more.
New stock investors, like Zhao Xinyue, always have all kinds of fantasies and aspirations in their minds. They often place their hopes on external things, such as market rescue, technical indicators, and pattern analysis, instead of focusing on the stocks themselves and paying attention to the overall stock trends. As a result, they often find themselves in prison without knowing it.
You will only know everything after you have experienced it.
Liu Bin also saw the news of the rescue, and his eyes instantly lit up. He tightly grasped the mouse with his right hand, clicked in, and read it over and over again, as if he had grabbed a life-saving straw.
Save the market!
The market was finally saved!
Hahaha! Once the general trend turns for the better, and the main force takes advantage of the favorable policies, Silver Master will soon make a comeback!
He felt much more relaxed instantly. He picked up a cigarette, took two deep puffs, then opened the stock forum and started browsing the messages from other investors.
Naturally, there was singing, laughter and dancing in the forum.
"Once the rescue policy is released, who will compete? Next Monday, we will first recover 5,000 points, then flatten 6,000 points, and then directly rush to 10,000 points!"
"The floodgates have been opened, funds are surging, and the stock market is about to rise again!"
"Brothers, the recent few days were just a temporary adjustment. Policy support has arrived. 4000 points is the iron bottom of the iron bottom. There is no room for downward movement, but unlimited room for upward movement. Go for it!"
The stock market is really a magical place. After only three or five days, the wind direction in the forum has changed several times, and each time it convinces people.
After watching for a while, Liu Bin felt much happier. He squinted his eyes, lay down in the chair, and fell asleep unknowingly.
In his dream, he turned into a billionaire, sitting in a private jet, soaring in the sky thousands of miles high, surrounded by misty white clouds, with small islands scattered under his feet, and his destination was the tropical island he had purchased.
Suddenly, a strong wind blew and the fuselage vibrated violently. He woke up, but found it was a dream. When he looked up again, the lights were already on.
His stomach suddenly made a rumbling sound, and Liu Bin realized that he hadn't eaten for a day. He stood up, feeling dizzy. Could it be hypoglycemia?
He staggered out of the trading room and ordered a bowl of dumplings from the restaurant next door. While eating, he kept flipping through the rescue policies and couldn't stop laughing.
He was looking forward to it, and felt that time was passing so slowly, and the days were like years.
Monday, June 29th.
Liu Bin arrived at the trading room early again, full of energy.
He was too lazy to care about Cao Song's affairs these past two days. He thought that a bad trader and a lousy operator was not worth his help. He could just let him live or die.
At 9:30, the market opened higher as expected, at 4289 points, 2.5%, perfect.
Yinzhijie also opened at 73 yuan, slightly higher by less than one point, and then instantly rose to 75 yuan, which is relatively normal.
But then, something was wrong.
Just one minute later, a huge sell order of 4,035 shares worth tens of millions of yuan came out, and at a 90-degree right angle, it instantly dropped the stock price to -9%, 66 yuan. It was like breaking a big tree, and it also broke Liu Bin's spine.
His eyes were wide open, his body was hunched, he stared at the screen, waving his fists and roaring, "Pull! Pull it up! Pull it up!"
Yinzhijie then rose to 68.88 yuan.
Liu Bin breathed a sigh of relief and loosened his fist. As a result, another 1,497 sell orders came in, directly pushing Yinzhijie to the lower limit. Then thousands of sell orders came in again, pressing Yinzhijie firmly at 65.47 yuan, motionless, as if pressing on Liu Bin's heart, making him breathless.
"Pull, pull..."
Liu Bin opened and closed his mouth and moaned.
Unfortunately, what I waited for was not the news of Yinzhijie's delisting, but a pop-up dialog box: "Dear user, your margin is insufficient, please replenish it in time!"
"Fuck you," Liu Bin cursed, closed the dialog box, and reopened Yin Zhijie's K-line chart.
However, a dialog box popped up again: "Dear user, your margin is insufficient. Please replenish it in time! If it has been replenished, please ignore it. If it has not been replenished, we will..."
"Get out!" Liu Bin was furious and closed the dialog box directly.
Just at this moment, more than 3,000 buy orders suddenly appeared in Yinzhijie, directly opening the lower limit and instantly raising the stock price to 67 yuan, -7.5%.
At this position, the bulls and bears fought for a full four minutes.
Veins popped out on Liu Bin's forehead, his pupils grew dilated, and he was extremely nervous.
Suddenly, another dialog box popped up: "Your account has been frozen. Please contact your account manager within fifteen minutes to replenish your margin. Otherwise, the company will force liquidation according to the contract."
"Fuck you, Gan Yitong," Liu Bin cursed, kicked the chair next to him away, pushed open the door, rushed to the second floor, found the general manager's office, and kicked the door open.
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