legendary trader

Chapter 141 Gold and the Stock Market Competing for Funds?
Chen Fan watched the Nasdaq market slowly fall below 1600 points, and a smile finally appeared on his calm face.

Zheng Xiaopang has already stopped opening short positions. Seeing Chen Fan looking at the computer alone and laughing, he stretched out his hand and patted Chen Fan on the shoulder and said, "I let you bump into me again, you don't know how long you are. The main force wants to wash the dishes again?"

Chen Fan turned his head to look at Zheng Xiaopang and said, "I guessed it, but it seems that I'm lucky, and I can guess right every time."

Zheng Xiaopang sneered at Chen Fan's words, "You're so good at guessing, I'll call you Chen Banxian in the future, do you need me to buy you equipment?"

Chen Fan asked with a smile, "What equipment do you want?"

Zheng Xiaopang also smiled and said: "Divination equipment, such as the tortoise shell coin, the compass for finding the Longwang cave, the stick, and the two halves, just throw it away and see where it falls on the ground. what do you say that is?"

Chen Fan stretched out his hand to push Zheng Xiaopang and scolded with a smile: "I'm going, I really think that labor and capital are magic sticks. If the magic stick can really predict the stock market, I'll fuck it. Those great immortals don't have to compare who is more advanced, they just compare who is in wealth." Just be high on the list.”

Zheng Xiaopang didn't joke with Chen Fan, but stared at Chen Fan without blinking, Chen Fan felt a little nervous, thinking that this kid took the wrong medicine today?
After a while, Zheng Xiaopang said seriously to Chen Fan: "Tell me, which fellow Taoist reincarnation are you, and tell me which god Fat Master was in his previous life."

Zhang Yang couldn't help but burst out laughing "hahaha", Chen Fan was also angry and gave Zheng Xiaopang a supercilious look.

In the midst of relaxed laughter, the US stock market closed. In the last hour, the market first experienced a small dive. The index once dropped to 1569.06 points, and was quickly pulled up again in the last 10 minutes near the close. The Nasdaq index The closing price was 1614.98 points, and the market as a whole fell by 3 points, while the Dow Jones index and the S&P index also fell slightly, with a drop of nearly 1 point.

Thinking that there will be violent market fluctuations in the future, Chen Fan and the three of them are not in the mood to see how much money they have made in the futures market today, and whether they can make up for the loss of stock positions, because it is meaningless. The profit from short positions today is actually The loss of long orders and stock positions, how much profit can be generated by the extra short orders.

The three went back to their rooms to rest, while in the core trading room of Jinxin Building, Mr. Li from the trading department was exchanging views on the US stock market with several traders.

In fact, Mr. Li has never been off work in the trading room, and the recent confusing market conditions in the U.S. stock market have prevented him from going home and resting at ease.

According to his personal opinion, it is best to stay away from it. The strength of long and short positions in the market is too strong, and it is simply not something that small fish and shrimp can get their hands on.

But the newly appointed boss Qi obviously wants to make achievements as soon as possible, and expresses his participation in this stock market feast openly and secretly.

As the head of the investment department, Mr. Li is still very worried. After Qi Qinghua called and made suggestions to the trading team directly, Mr. Li could only lament on the sidelines.

Originally, he planned to take advantage of this market drop and simply clear his position and leave the market, but what Qi Qinghua said on the phone seemed to be still optimistic about the market outlook, and the current adjustment was to consolidate the bottom of the market.

During the critical phone call, Qi Qinghua clearly asked Xiao Yang to convey her opinion to him, and his attitude was very clear.

As the manager in charge of the investment department, Li can always ignore the opinions of the company's boss on his own one-third of an acre. After all, if there is a problem in his department, the board will only hit him. If he doesn't refer to Qi Qinghua's meaning If he does the opposite, he is also worried that it will affect the current relatively stable relationship between high-level officials.

Last year, because of the struggle between the three factions, the company was overwhelmed and brainless. As a result, several high-level executives failed to gain any benefits, and they were all dismissed and transferred back to the group headquarters to sit on the bench. Mr. Li was unwilling to repeat the same mistakes.

After much deliberation, Xiao Yang was still asked to implement Qi Qinghua's opinion, keep the stock position, and increase the risk of short index futures hedging.

After the market closed, Mr. Li left all the trading elites under his command to analyze their views on the market outlook.

Several people took turns expressing their views on the market outlook. Mr. Li also gradually noticed that most of his trading team seemed to not want to continue to get involved in the recent U.S. stock market. The stock value is judged to rise or fall, but the long and short sides are competing for funds, and the stronger side may win the final victory, which undoubtedly increases the difficulty of analysis.

As far as the speeches of several people are concerned, most of them are pessimistic about the market outlook.

Mr. Li was silent for a long time before waving his hands and said: "Everyone has worked hard, we are here today, go back and rest."

The other traders left the trading room one after another. Only Xiao Yang, the team leader, stayed beside Mr. Li, and Mr. Li didn't seem to be surprised.

The two sat for a while before Mr. Li asked Xiao Yang: "Xiao Yang, put aside other people's opinions, what do you think, I want to know what you think in your heart."

Xiao Yang hesitated for a moment before saying: "I have been following the US stock market for a long time, and that market is controlled by one hand, but I have never caught him."

Seeing Mr. Li staring at him with interest, Xiao Yang continued: "Mr. Qi's opinion is actually a bit similar to what I think. I also think that the market is a bit like a wash, not like entering a bear market."

Mr. Li sat up straight and asked, "Why?"

Xiao Yang shook his head and said: "There is no reason, it's just a feeling. I have to say something, that is, the funds I found that control the market seem to have never left the market. They should still be in the market. This time, from more than 1 The method of pointing and pulling up is very similar to them."

Mr. Li suddenly smiled, and after a while he stopped smiling and said: "It seems that your judgment is very similar to that of Mr. Qi, so continue to follow this line of thinking. Don't be afraid. Even if there is a problem in the end, Mr. Qi will not be there. Put us on boards that are too heavy."

Seeing that Xiao Yang seemed a little confused, Mr. Li smiled and said, "You are not familiar with Mr. Qi. She usually won't let her subordinates help her take the blame, so you can rest assured to follow her wishes."

Although the U.S. stock market once again showed signs of a downward trend, the financial media seemed to pay more attention to the third batch of gold auctions in England on Europa and the subsequent fourth and fifth batches of gold auctions.

After getting up on Tuesday, Chen Fan sat on the boss chair and looked at the analysis reports and some newspapers on the desk. Most of the analysis and reports were related to the recent gold. Even the analysis of the stock market was mixed with concerns about the trend of the gold market. The continuous decline of gold will not only attract a large amount of funds to participate in it, but may also attract more risk-averse funds to leave the stock market and enter the gold market for bargain hunting.

It seems that the US stock market surge last weekend was just a rebound, and the coming of a bear market is inevitable.
(End of this chapter)