Riding the wind of rebirth

Chapter 1551 The market is very hot

In short, so far, although there have been some surprises of one kind or another, all businesses are still progressing step by step, making Zhou Zhi feel that at least Monday and Friday are extra fulfilling.

In the afternoon, Zhou Zhi found her class and went to class.

Although the teaching materials in his hands are completely different from those in other people's hands, it does not prevent him from enjoying being in that atmosphere.

The current university courses are not as intense as those of later generations, but under normal circumstances, apart from only three or four courses in the first semester of senior year and an internship in the next semester, the rest from freshman to junior year are basically seven or eight exams in one semester.

There are more than 40 courses in three years, plus the four courses in senior year, there are a total of 50 courses in junior high school.

Zhou Zhi had already passed twenty-four subjects last year, and the remaining twenty-four subjects were divided into two semesters. He planned to take as many exams as possible in the last semester and strive to get fifteen to eighteen subjects, so that he would have six subjects left in the next semester. Once you reach the eighth gate, it will become very easy.

These courses seem to be many, but some of them are very easy electives, just like "Oracle Bone Inscriptions Appreciation" taught by Zhou Zhi, they are basically courses that give credits.

A large part of the rest, such as "Ancient Chinese Grammar", "Wei and Jin Literature", etc., Zhou Zhi had already studied several times out of interest in his early years, so it was no problem at all.

Therefore, among the fifteen to eighteen gates, Zhou Zhi only needs five or six gates to really study.

University study tasks may seem stressful, but for students like Zhou Zhi, whose interests and majors are closely aligned, reading professional books is a happy thing.

Under normal circumstances, a professional textbook can be mastered by students with strong interest in only one week. Those with a strong foundation can basically master digestion in ten days.

This is only limited to studying during the day, and you can play whatever you want at night.

Of course, this kind of situation only needs people like Zhou Zhi. If it were other students in the class, the most painful courses this semester would be "Modern Chinese", "Ancient Chinese", "Introduction to Chinese Language", and "Literary Theory" , "Phonology", "Exegesis", "Pragmatics", "Rhetoric", "Philology", "History of Chinese Language"...

There are obstacles at every door, and each pass is difficult to pass. Only one-fifth of the students in each class can go from entry to proficiency, and the rest are from entry to exit.

Even after going out, he still curses.

Zhou Zhi's interest is in these most difficult courses, and now he has advanced to the point where he can publish papers in professional journals. Not to mention studying, he is even more than enough to serve as a teacher for his classmates.

What he needs to add is "Sociology", "Anthropology", "Ethnology", "Management", "Western Literary Theory", "Ma Zhu Literary Theory", "Contemporary Literary Trends of Thought", etc. which are easy to learn. Even fun lessons and of course learning fast.

Therefore, he even had time to draw mind maps for his classmates on courses such as "Phonology", "Exegesis", "Introduction to Chinese Language" and "Literary Theory" during evening self-study.

These are all voluntary labors, and they are not hidden. In addition, he is generous and eager to help. He is either the boss or the royal photographer in various activities. Therefore, although he often skips classes, he is still very popular among his classmates.

In such a tense campus life, time flies by so fast, and in a blink of an eye, it has entered the golden autumn of October.

Everyone who followed Zhou Zhi and participated in the crazy stock market in the first half of the year can't help but shout that they were lucky. Fortunately, Zhu Zi and Li Laosan ran fast, otherwise their profits would have been wiped out.

After going through the lurking period in the early months, when the "three major policies" were implemented, the "August frenzy" started with the market index jumping short and opening high, and then the Shanghai and Shenzhen stock markets were chasing each other, and the stock price was rising sharply. Starting from the beginning, the five days of high volume and price brought about a violent market that engulfed 16 weekly K-lines and increased by nearly 70%, leaving almost no time for people to enter the market and breathe.

During that period, you only need to participate in the call auction at a price higher than the opening price, get the ticket and sell it that night, and you can basically get a good profit. At that time, many people played like this, and they became more and more courageous.

Years of buying orders erupted like a volcano, and the trading volume increased from four to five billion to more than ten billion in just three days.

In just one month, the stock index broke through 1,000 points.

But these market trends had nothing to do with Zhou Zhi and the others, because just after the market crossed 850 points, Li Laosan began to make arrangements to leave the market quietly.

On October 0, the Securities Commission announced major news: starting from next year, T+1 reversal trading will be canceled and a T+ trading system will be implemented.

As soon as the news came out, the Shanghai Composite Index plummeted by 10.71% that day. This was the end of a super blowout market. After that, the index began to enter a long period of negative decline.

The "policy market" identified by Li Laosan was undoubtedly exposed in this series of reactions.

Just when the stock market started to languish, Treasury futures started to go crazy again.

From 1991 to 1994, the country faced great inflationary pressure. This can only be seen from the fact that my father's salary increased from about 200 yuan to more than 1,000 yuan in the past few years.

Because of his good job and promotion, my father's income growth has outpaced inflation. However, there are still many residents who have some savings, so we can't let the money in their hands depreciate indiscriminately.

The stock market is so scary, and the only limited investment channel left is treasury bonds.

This has brought about a rush to buy government bonds.

Faced with double-digit high inflationary pressures and bank savings interest rates reaching over 10%, domestic fixed-rate government bonds are naturally of little interest.

In order to solve this problem, the state uses part of its fiscal revenue to subsidize buyers of government bonds, so that the interest rate income of government bonds can outperform the interest rate income of bank savings and inflation, so that it can maintain its value. This is the "value preservation subsidy policy."

The management of the financial market during this period was very chaotic. The value preservation subsidy rate was 327%, and it was rising every month. Taking "" treasury bond futures as an example, Li Laosan calculated the expected increase, and it only took two months. , it can rise from the current price of more than yuan to more than yuan, an increase of more than %!

The market will naturally become extremely hot as a result.

However, the question arises. It is obviously a national bond, but why is it called futures?

It turns out that you only need to pay a margin of 2.5% to enter the market. In other words, you only need to pay a margin of 2.5 million to operate a transaction with a market value of 100 million!

This is financial leverage. If you do this, and two months later, the national debt has really risen by more than 20%, then congratulations, you have now used a capital of 2.5 million to make a long order of 100 million national debt. After making more than 20 million, the next thing to do is to settle down.

what does that mean? This means that although the national debt has only increased by more than 20%, in the futures market, buyers have already made huge profits equivalent to more than ten times the principal in just two months!

For investment institutions, such an opportunity can make tens of millions per day, so they are naturally overjoyed.

Today's AXA Fund already has admission tickets to the domestic financial market, and of course has the qualifications to participate in the feast.

However, in the face of such a crazy market, Li Laosan is extremely calm.