MTL - Wall Street Legend-Chapter 392 Succeeded (2)
Chapter 392 Succeeded (2)
The subprime housing loan packaged financial products in the CDO market have been proven to be underestimated in risk, and their credit ratings have been watered down.
So much so that it was sold crazily on Monday, and the drop was as high as three points. Even though it was only a mere three percent, the impact was also very large, just like the national debt that could have brought a four-year rate of return, the profit suddenly fell. There are 1.5% left, because the volume is too large, even the New York Stock Exchange, Nasdaq and other stock exchanges have become popular.
However, this sharp drop did not last long, and began to climb slowly after more than half an hour. After all, the subprime mortgage market did not really collapse, and speculators took over the market, and the situation was quickly stabilized.
Look at the major credit rating companies.
After a whole weekend of bombardment by the media, the scandal has become deeply rooted in the hearts of the people, and it is directly reflected in the stock exchange market. Take the Standard & Poor's as an example, the market value plunged rapidly, and fell by 6% at the beginning of trading. Then it further dropped to 11%, equating to wipe out all the gains in the past year and a half.
Moody's side is not much better, the drop is also as high as nine points, and it caused a panic drop, causing many institutions to scramble to close their positions.
Under such circumstances, Ye Dongqing ordered his subordinates to close the net and bought a batch of stocks to fill the gap left by the short sale. The incoming income is expected to be around 400 million U.S. dollars, nearly half of which will be owned by the Danshui Investment Group, which indirectly means going into his personal pocket.
Even though the money is not much, it makes Ye Dongqing feel very excited.
The reason is that most of the time before, he just invested step by step, with no variables at all, but this time he created an excellent investment opportunity by himself, and he succeeded, so he felt more fulfilled.
After all, I am still inexperienced. If I hadn't planned this project hastily, the profit would probably be doubled!
The reason for their decline is not only because of the scandal, but also the risk of a decline in expected profits as the subprime mortgage boom subsides. These rating agencies can bring down a country, but today they are planted by Ye Dongqing. Somersault.
It was a good thing to celebrate, so Ye Dongqing opened a bottle of old wine produced in the 19th century, a bottle worth more than 200,000 US dollars, and called several company executives to taste it together.
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Behind every crisis, there is a tragic game.
Some people took Ye Dongqing's evaluation very seriously, so they did not hesitate to sell subprime mortgage assets at a low price. Some people thought that there was no problem in the subprime mortgage market, at least in the short term, so they took advantage of the trough to increase their positions and hoped to sell them soon. Make a good price.
This led to a sharp increase in the trading volume in the CDO market, with more and more people taking orders, and it had already recovered a lot before noon, which was almost a point lower than last week, which was already within an acceptable range.
Some people lose money, and naturally some people make money. This kind of thing can't see the result in the short term, so even if someone loses a little right now, they don't feel bad about it. After all, they have successfully avoided the possible risks. Safety.
As for the credit rating agencies, with the voice of the Securities and Exchange Commission, the stock price fell further. Over the weekend, a team had already conducted a relatively comprehensive investigation, and Ye Dongqing added fuel to the flames. Judging from the meaning of the Securities and Exchange Commission, it may be to issue a The new rules are amended to impose more constraints on these credit rating agencies.
This has nothing to do with Ye Dongqing. He had already closed his position and cashed out before eleven o'clock. Although he didn't catch the lowest point, it was pretty good. If he knew that the Securities and Exchange Commission would respond so quickly, he would definitely do it again. Wait, the reason why you close your position as soon as possible is mainly because you are afraid of a sudden rebound.
Everyone who engages in financial business should understand that you can't expect to accurately catch every highest point and sell, and you can't expect to buy bottoms at the lowest point every time. Before investing, you should set a rough expectation and make a prediction based on the specific form. Go as soon as you meet your psychological expectations, and don't care about what happens next.
There are not just one or two financial predators and financial geniuses who died of the word "black heart".
After dealing with all this, Ye Dongqing left the company again, met Laura at the door, put on sunglasses and a hat, and went shopping on Fifth Avenue together.
Mainly Laura buys things, such as purses, clothes, shoes, and so on. Women like to turn over and over again. Ye Dongqing has a private tailor to help, and the leather shoes are also custom-made. In the end, I only went to Patek Philippe to buy a watch.
In fact, Ye Dongqing is not short of watches. The Rolex company gave him a batch of all kinds of watches, and wanted him to wear them more. It was a way of helping with publicity. Companies such as Jaeger-LeCoultre, Piaget, and Vacheron Constantin also took the initiative. I delivered watches to him at home. There were too many famous watches at home, so I specially customized a cabinet wall to display them, which was also used as decoration.
In addition, because of his fame, several sports car companies also value his reputation, and spared no expense to create a limited edition exclusive sports car for Ye Dongqing, just please don't put it in the garage.
Just like celebrities don’t need to spend their own money to buy clothes and bags, Ye Dongqing also has the capital to be sponsored by others. What ordinary people worry about is that no one gives him things, but what he worries about is that others give too much.
It is certain that if the news of his having a child spreads, he will not even have to spend money on milk powder and diapers.
Putting everything in the car, it’s snowing again in NYC, the weather can be mixed in early February, and the long winter can be tiring.
At this time, I continued to go shopping with the umbrella in the car, and went to a Japanese restaurant to eat sushi, during which Laura told me: "I happen to have some money recently, do you have time to accompany me to see houses in New York tomorrow? I have a house in London, the apartment you bought for me before, but I haven’t bought it in New York, the Upper East Side, or Long Island where you live is fine, preferably in the Upper East Side, Long Island is a bit inconvenient to live in, but the air And the environment is better."
"Why do you want to buy a house? My house has so many rooms that I need more than a dozen nannies to take care of the cleaning. If you come to New York, you can live with me directly, or you can also lend you the apartment in Puchuan Building. If you have money, listen to me." Opinion, use it to invest and make money."
Ye Dongqing sat cross-legged at the low table in the private room. In front of her was a serving of about a dozen fresh bluefin tuna fillets placed on ice. There was cuttlefish larvae beside her, which could be cooked in a small oven. Eel rice It is also a must-order dish, and there is also a side of ramen.
A Japanese restaurant with a Michelin star, not to mention the taste, the dishes and the environment look very pleasing to the eye. After eating so many Michelin restaurants, Ye Dongqing can finally be sure that gourmet tongues are different from ordinary people, and the food they recognize is not necessarily the same. Just delicious.
What makes him hard to let go is actually the hot pot restaurant and barbecue in Chinatown. It's a pity that Laura can't eat spicy food, so she can only come here to deal with it...
(end of this chapter)
