MTL - The Son of Finance of the Great Age-Chapter 44 Everything is ready

  Chapter 44 Everything is ready

   Entering October of 1987, the Dow has dropped to about 2400 points after two months of adjustment and correction. For this downward correction, the market generally believes that this is a response to the overheating of the capital market, and many research institutions have also given signals that the adjustment is in place, encouraging funds to continue to enter the market.

As for Chicago, the main funds have also entered the futures index market in November and December, and the funds have also shown an unprecedented scale. According to incomplete statistics, the funds of both long and short sides have reached 500 to 600 million. There are as many dollars as there are billions of dollars participating in the market as a whole.

   Among them are the American consortium, the RB consortium, funds from Europe, speculators like Zhongshi, and countless small retail investors who want to make a fortune.

"Zhong Sheng, do we really want to invest so much money? Don't we do something in the opposite direction to hedge part of the risk? After all, our position is still relatively large!" Andrew looked at the numbers on the screen worriedly, frowning rise.

Zhongshi's general assets entered the futures market in November and December, and established a large position of 100 million U.S. dollars, and another 20 million U.S. dollars were used as margin in the account. What worried Andrew was that , these are all empty orders for short selling.

  Generally speaking, this kind of short selling has no other purpose, that is, it is obviously not optimistic about the stock market. However, although the U.S. stock market has fluctuated slightly recently, the overall trend is still good.

  Generally speaking, even those funds that operate exclusively in the futures index market must always pay attention to the movements of the Dow that is linked to it. This kind of trend operation is inevitable.

  And those funds that do hedging only need to be opposite to the direction of another market.

  The difference between futures and stocks is that in the case of insufficient funds, it is necessary to conduct transactions quickly and obtain profits from fluctuations. Every fluctuation here is every fight between short and long.

  Chicago Mercantile Exchange has a clear limit on the number of hands for each trading seat and trading account, which is also to avoid large funds from madly smashing the market, thereby manipulating the market. This is also an extremely headache for Zhong Shi. In the end, he could only open several different accounts in several brokerage firms, and only then managed to establish a huge position.

Regarding the trading strategies of several other brokerage houses, he only has one sentence, that is, the short positions held are intact. If the maintenance margin in the account is all used up, call him immediately. As for when to take action Waiting for his call, during this time to ensure that the communication between each other remains open.

  For this reason, Zhong Shi specially called a few brokers in the middle of the night to make sure that they were all watching the market seriously, so he was relieved.

  During this period of time, only Land Rover was with him, and Zhong Yi was busy with schoolwork, but when he was not too busy, he would drive over excitedly in that cool Porsche.

   And Liao Chengde, under the guidance of Zhong Shi, invested a small part of his assets in the Hang Seng Index futures. For this reason, he also sold a lot of "Cheung Kong Industrial" shares. At this time, Li Ka-shing had become the richest man in Hong Kong, and it was "Cheung Kong Enterprises" who made great contributions to ascending the throne.

  Hong Kong’s real estate market revived in the late 1980s. The construction of various large-scale buildings and infrastructure made various real estate companies make a lot of money. Among them, real estate companies such as Cheung Kong, Sun Hung Kai, and Hongkong Land benefited the most.

  At the beginning, Liao Chengde was still ambitious, and wanted to make a big difference in the Hang Seng Index market, but every day he saw floating losses, which made his complexion darker day by day. If it weren't for Zhong Shi's performance in front of his eyes, he might have withdrawn with gold.

  While Zhong Shi was watching the market, Liao Chengde and Liao Xiaohua also came here several times, but seeing Zhong Shi's unhurried posture, the Liaos and his sons had an inexplicable confidence.

The opening of the HSI futures and the S&P 500 are two time periods, one in the daytime and the other in the evening. The Liaos and his sons have been here two or three times. Feeling bored, I no longer frequently come to wait for midnight, but only meet once every other week.

The gains during this period also made Liao Chengde extremely jealous. In the first two weeks of October, the Dow Jones Industrial Index has been falling. In two weeks, it has dropped nearly 400 points, and the corresponding S&P 500 index has also fallen. It went to more than 40 points, which increased the floating profit in Zhongshi's account by tens of millions of dollars.

  Since August, the Dow Index has been falling, but it has not fallen as badly as in the first two days of October. The hearts of market participants are clouded, and they don't understand what is going on.

   "Mr. Zhong, do you need to increase your position?" Just when Zhong Shi was in a trance, one of the brokers called, and the young man on the other end of the phone was full of surprises, even a bit presumptuous.

"What? Increase the position? I warn you, don't do anything to my account without authorization, otherwise I will risk all the profits, and I will sue you for bankruptcy!" Zhong Shi shivered, and his mind was somewhat clear . What annoys him the most is this kind of self-righteous broker, relying on some financial knowledge to point fingers in front of customers, and some brokers who do not abide by the rules, who are so bold as to touch the funds in the customer's account, this is an obvious violation of laws and regulations up.

  Given the lack of trust in the broker, Zhong Shi only opened a measly five million dollar position in that broker's account, and now the funds in this account are approaching tens of millions of dollars.

  Hearing Zhong Shi's voice full of warnings, the hot-headed broker's head went cold, and he didn't understand why the client was so angry. In his opinion, the floating profit has almost doubled, and if you don't take advantage of the victory to pursue it at this time, then when will you wait?

  Although he was very puzzled, he also understood the ethics of a broker, so he could only say a few words in a low voice, and then hung up the phone sullenly.

   "I hate self-assessment the most!" Zhong Shi hung up the phone and muttered in a low voice.

  Affected by the New York Dow Jones Index, the indexes of major financial markets around the world also fell, but the declines of each market were different, and the Hang Seng Index also fell to a certain extent. In the past few days, Liao Chengde's account has also seen some floating profits.

   "Old Liao, you are full of spring breeze recently, did you find a new wife!" Zhong Shi couldn't help joking as he looked at the smiling Liao Chengde.

  Liao Xiaohua, who was sitting quietly by the side, shrank his pupils, his face was full of doubts, and he glanced at Liao Chengde imperceptibly. During this period of time, Liao Chengde spent more time at home and less time with Zhong Shi, but some time ago, Comrade Liao never left Zhong Shi's side every step of the way, and his closeness was comparable to that of Land Rover. If old Comrade Liao had any extramarital affairs, Zhong Shi probably knew best.

   "Zhong Sheng, why are you laughing at me like this! I'm an old man!" Liao Chengde said with a wry smile.

   "It won't be long before you reach a new level of wealth. Why, you really don't want to accept the second wife?" Zhong Shi asked in a teasing tone, but his eyes were on the nervous Liao Xiaohua.

  Since having a meal with Liao Xiaohua, this second-generation ancestor seems to be a different person. He no longer has the domineering appearance before, but has become a humble and civilized person.

   Zhong Shi is well aware of this transformation. If a person reaches another level, he will naturally feel his own insignificance, and an inexplicable awe will arise in his heart.

  Liao Xiaohua in front of him is a typical example.

   "Zhong Sheng, don't make fun of my old bones anymore, I just don't know what kind of woman Zhong Sheng will marry in the future!" Liao Chengde is old and shrewd, and within two or three sentences, Zhong Shi was involved.

   "Yes? What kind of woman do I want to marry in the future? And what kind of woman is suitable for me!" Zhong Shi was stunned.

  He always thought that it was too early for him to think about this matter. In fact, in his previous life, he was already past his age, and he still hadn't considered personal issues. Now reincarnation and rebirth is the second chance God gave him. Did he also give him a chance to deal with his emotions? (I hope you will support me a lot, thank you!)

  (end of this chapter)