God-level Trader of Rebirth
Chapter 470 Surprisingly Oolong Finger Appears
However, the board of directors knows very well that Lehman is still worthy of being deceived.
It's just a free gift. I'm afraid no one would dare to take over their hot potato!
They know the company's true operating conditions better than anyone else.
What they need most now is to obtain a huge amount of cash flow, and then use lightning to cut through the mess with a sharp knife to divest those "toxic" assets, so that they can have hope of escaping.
Otherwise, Lehman Corporation will be permanently fixed in 158 years.
Those investors in the United States who made a desperate move and successfully bought the bottom are all elated and celebrating that their investment was correct.
And Chen Weidong was even happier than them.
During the sharp fall and surge in Lehman's stock price, the Infinity Fund made a total of nearly $400 million from Lehman, excluding transaction costs.
Although it is a bit insignificant in terms of the current size of Infinite Company, after all, the money comes too easily.
Who wouldn’t like this kind of arbitrage opportunity with poor information and minimal risk?
If we do it a few more times, the company might be able to get a whole year's worth of scientific research funding.
However, he was still somewhat powerless.
Because it's too busy.
After returning from Europe, Infinite Company immediately organized numerous computer companies in the country to jointly build a "virtual world" and launched a more in-depth discussion.
If you want to perfect the virtual world as much as possible in the shortest time, the workload can definitely be described as "massive", which requires brainstorming.
Although the computer department of Infinite Company is second to none in Asia and has tens of thousands of programmers, they still cannot take such a big cake by themselves.
Forcing one to eat alone will only slow down the progress of the virtual world.
Therefore, in addition to the main programs, the remaining branch businesses are assigned to domestic small and medium-sized Internet companies through bidding, and they are responsible for the construction and maintenance of the remaining sections.
In addition, there are also "brain-computer interface" related technologies, which are also their next key research topics.
He does not want domestic companies to rely too much on Infinite Company to provide technical support. Only when a hundred flowers bloom and compete with each other can they have continuous innovation capabilities.
The practice of setting up a platform for Infinity Company and letting everyone make money together has won the praise of countless people in the business community.
The economic recession caused by the U.S. subprime mortgage crisis gradually turned into prosperity.
There are huge incomes brought by emerging industries everywhere, and there are people everywhere who have benefited from the virtual world, and everyone is full of confidence.
Perhaps the biggest feeling for people living in this great era is that wages increased every year before 2008, and then began to fall back in 2008.
However, for ordinary people, this impact can be said to be minimal, because the unemployment rate in the entire society in 4 was only %.
Coupled with the stimulation of various policies, the impact of the "subprime mortgage crisis" was greatly weakened.
As a result, many people in China did not feel the cruelty brought about by the "economic crisis" at all. When they came back to their senses, they found that the crisis was long gone.
The reason for this illusion is that our country's economy is still dominated by domestic demand at this stage. The living standards of the domestic population have greatly improved, consumer demand has grown rapidly, and most of the production capacity can be self-absorbed.
Just like the "home appliances going to the countryside" often mentioned on TV news, it is a product born during this period.
Providing subsidies for farmers to purchase household appliances and allowing rural areas to shoulder the task of absorbing excess production capacity has always been our best weapon to stimulate domestic demand.
On the other hand, the reason why the subprime mortgage crisis swept the world was because American financial institutions securitized mortgage loans and spread debt risks throughout the world.
However, the level of internationalization of Chinese financial institutions during this period was still very insufficient, and the scale of European and American securities assets held was very small.
Therefore, we are very lucky to have escaped the scythe of the international capital giants.
However, affected by the general environment, domestic financial institutions have not fared much better.
A-shares continued to be dragged down. The so-called "epic" positive stamp duty market only lasted for one month, and then continued to fluctuate downwards. It emerged from the shocking "Ten Lian Yin" and once again triggered the 3,000-point defense battle (failed).
It fell all the way to 2800 points before temporarily stopping the decline and turning into a platform range.
The stock investors who bought the bottom at 3,000 points before were like mice falling into a bellows, unable to go up or down. It was extremely painful.
At first glance, it seems that the index has not fallen much, but many investors who cannot follow the rhythm of the market have suffered even greater losses in this market situation, and the market value of their accounts has continued to shrink, reaching new lows.
As a result, more and more investors no longer have any illusions about the stock market after giving themselves two slaps. They would rather sell their stocks than sell them, then close their accounts and leave this "meat grinder" market.
However, this behavior exacerbates market vulnerabilities.
Because when everyone sells stocks, the supply in the market will increase, while the demand will decrease, which will cause the stock price to fall further, forming a vicious cycle.
In this extremely bad market situation, the experts and securities researchers who had previously been bullish and called on investors to enter the market to hunt for the bottom were all scolded without exception.
At this moment, mainstream public opinion has completely evolved into an extreme situation where "anyone who says that the stock market will rise will be attacked by angry investors."
Even Chen Jie was not spared.
Many of his "black fans" emerged on the Internet to attack and abuse him.
Even some private equity funds that were bargain-hunting at 3,000 points couldn’t help but say that they didn’t find any seats for infinite securities and funds in the stamp duty market.
The implication is that Chen Jie had previously advocated that 3000 points was the bottom and asked everyone to enter the market to buy the bottom, but he did not buy it. He simply wanted investors to come in and take over.
For a time, the market was filled with all kinds of rumors about him.
However, Chen Jie himself seemed to turn a deaf ear and did not respond in any way. Even during this period, he had never been seen in public.
Some of his die-hard fans clicked on his Qiandu Tieba ID and found that his last online date was already 27 days ago.
This caused more people to panic and sway.
August 2, 2008.
South China City, in a high-end ward of Union Hospital.
Chen Weidong held a copy of the test results and fixed his eyes on the word "negative" in the lower right corner. He was obviously relieved, but then he turned his head and said in a reproachful tone: "For such a big thing, you Why didn't you tell us earlier? We were so worried all day long, thinking something had happened to you."
"Everyone in the company is very busy. I don't want everyone to be affected by this little personal matter of mine." Chen Jie asked his secretary to adjust the angle of the bedside to 35 degrees, leaned on it, and asked slightly nervously: "You didn't tell anyone else about this."
He was worried that if people in his hometown knew about it, they would cause trouble again.
About a month ago, he suddenly started to have a cough. He thought he was just suffering from a cold infection, but it turned out to be more and more serious. He even started to feel pain in his chest and even had difficulty breathing, so he quickly contacted the hospital.
When the hospital heard it was Chen Jie, they took it seriously.
A full-body examination was immediately arranged for him, and all chief physicians of internal medicine were summoned for consultation.
After an examination, the CT scan showed some shadows in his lungs.
Combined with the series of symptoms, the hospital initially suspected that his lung nodules were pathological changes, but they did not dare to draw a conclusion easily and could only admit him to the hospital for observation first.
It was not until the lung puncture examination was completed and the test results were obtained that the hospital finally determined that his nodules were benign. The reason for his chest pain and difficulty breathing was mainly due to his recent irregular lifestyle and frequent smoking. Inflammation of lung infection.
Therefore, he has been staying in the hospital for more than half a month to recuperate. He didn't dare to tell Chen Weidong the news until his physical condition was almost recovered.
"I rushed over as soon as I received your message. I didn't have time to tell others." While Chen Weidong's hanging heart fell to the ground, he was still a little worried and said in a very stern tone: "In the future, this kind of thing will not happen. You have to tell us as soon as possible, otherwise everyone will be very worried, and you must quit smoking this time no matter what, this thing will kill you sooner or later!"
Although this time it was just a false alarm, this incident still sounded the alarm for Chen Weidong.
In the memory of his previous life, the third uncle died of lung cancer early because of frequent smoking. Now that he was reborn, he originally thought that many things would change, but now that the third uncle's lungs have problems again, he can't help but feel a little bit... A feeling of "fatalism".
"Okay, okay, I understand. I'll just try to smoke as little as possible from now on." In order to reassure him, Chen Jie could only agree.
In fact, as an "old smoker", he has tried to quit smoking many times, but all ended in failure.
Now that he has completely resigned himself to his fate, rather than asking him to quit smoking, it is better to let nature take its course and enjoy it.
If such a day comes, it will be his fate.
Seeing his appearance, Chen Weidong knew that all he said was in vain, so he could only change the topic and chat with him about some things that happened in the outside world during this period.
Talking about the current stock market reaching new lows, some investors said that he was a "bull market trumpeter, deceiving retail investors to take over the market." Chen Jie was also a little aggrieved. He really didn't expect that the stock market could be so bad after so many good things.
It simply refreshed his lower limit again and again.
When Chen Weidong was about to ask him if he had any plans for the stock market in the near future, his phone suddenly rang. It turned out to be a call from Li Xier, saying that Gong Zhao and others came to the office to look for him and found that he was not there. He had something urgent to ask him. Go back to the company quickly.
Seeing that his third uncle was fine, he chatted with the attending doctor for a while and then hurried back to the company.
at the same time.
Donghai City, in the trading hall on the first floor of Oriental Securities.
The atmosphere was once oppressive and suffocating.
On the electronic display screen, a dazzling green light kept flashing, and the numbers dropped crazily like a kite with a broken string. The faces of investors were full of anxiety and despair. Their eyes were fixed on the screen, as if they could change those things through their own will. Cold numbers.
Finally, someone took off a shoe and hit it heavily on the large display screen.
"Why are you so rubbish? You dived again!"
"Who said you were buying the bottom just now? Come out and I promise not to beat him to death!"
"Didn't it say that the Olympic Games will open in a few days? It's really embarrassing to fall like this!"
"Holy crap, I just bought 6,000 shares of Founder Technology this morning and lost five points in half an hour. Who am I going to find reason for?"
The Shanghai Stock Index has been oscillating around the zero axis in the morning. Some investors thought the market had stabilized, but they did not expect that as soon as the market opened in the afternoon, the market would dive from a high level, breaking through the 2800 and 2700 points in a row, and heading straight for 2500 points.
Looking at the display, the huge -4.5% drop in green letters is still expanding.
The originally dull atmosphere of the trading hall instantly turned into a powder keg, with a swarm of noise and curses.
Chinese stock investors have endured too much.
If resentment can be condensed into a solid entity, then the securities company will definitely be called a dark cloud.
Not surprisingly, today is another day of steep decline.
Suddenly, just when everyone was about to give up hope, an extremely strange scene appeared on the big screen.
Pieces of red grids kept emerging in the green ocean, and the Shanghai and Shenzhen Index began to rise violently, like a submarine rapidly surfacing.
Including Goldwind Technology, Shuanghui Development, Yuyue Medical, Sinoma International, Golden Mantis and other 273 small and medium-sized board and 64 Shanghai and Shenzhen 300 constituent stocks, tens of thousands of institutional orders appeared without warning. Buy.
More than 300 stocks were instantly sold to their daily limit!
Driven by this sentiment, the market once rose 6%!
Just when all parties in the market were speculating on whether there would be any major positive announcements, news suddenly came out in South China City that the Infinite Securities headquarters building was forced to shut down and have a power outage.
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