Chapter 1294

Now the faces of the whole XG stock market are full of bright red smiles, which was unimaginable more than a month ago.

No way, who makes the stock market rise crazily all the time!

After the end of the war on February 9, 1998, which was unforgettable to countless XG, regarded as a classic by countless people in future generations and complained by countless financial students, the stock market has been rising and never stopped.

No way, all the bullets of hot money and Soros were basically empty on February 9. Even if some hot money still had bullets, they didn't dare to sell any more.

Because now the stock market is rising crazily, everyone is buying stocks crazily. Who sells at this time is the real loser.

At this time, buying stocks is the last word!

In fact, on the morning of February 10, the rise was not so obvious. Many retail investors were afraid. What if Soros fought back again?

Therefore, the rising speed of the stock market was still relatively slow until they found that the stock index was rising all the time, and when individual bold and smart brokers or retail investors were crazy about buying stocks, some retail investors finally couldn't sit still.

Especially on February 11, when the stock index began, a large amount of money began to eat all kinds of stocks on the stock market. After the stock index rose nearly 800 points, retail investors suddenly realized it and joined the ranks of rush buying.

Now fools can see that G shares are about to usher in a wave of retaliatory rise. At this time, buying stocks is making money. Retail investors kill back into the stock market the second time.

The stock index began to rise from slow to rapid.

On the 12th, the stock index returned to 8000 points.

On the 14th, the stock index returned to 9000 points.

On the 15th, the stock index officially returned to the 10000 mark, and many investors were moved to tears at the scene.

On the morning of the 16th, the stock index returned to 11000.

On the afternoon of the 16th, the stock index returned to 12000 points and finally closed at 13121 points. It rose by 2121 points in one day, which made countless investors kneel down instantly. Even when it fell, it didn't fall so violently!

The next rise was slow for a while, returning to 13500 points on the 17th and 13800 points on the 18th.

But on the 19th, it began again, growing rapidly, and the stock index returned to 14500 points.

The No. 20 stock index officially returned to 15000 points.

Return to 15600 on the 21st.

At 2:23 p.m. on the 22nd, the stock index recovered 16673 points, which was the highest point of G shares on July 8, 1997. G shares officially recovered this point, which means that G shares have completely reversed all the situation.

All this makes everyone, whether XG people, Southeast Asian people or people all over the world, look silly.

Since the fall of G shares in November 1997, everyone has experienced a fantastic stock market. G shares fell by 10000 points at one time, and everyone's wealth has shrunk by two-thirds.

But in a month, everything came back, and it seems that this time it can break through the peak data of 16673 points before. Such an amazing situation, you put it a month ago, 11 out of 10 people don't believe it.

This makes many investors feel living in a dream now.

Or the later analysis, according to the research of those professional research scholars, the reason why the stock index can recover so fast and so crazy is that the first thing to thank is a person!

Who is it?

Jia Yapeng?

Of course not. It's our Mr. Soros.

In this wave of rise, the rise on February 11 is the most important, because a large amount of funds entered g shares and directly increased by 800 points, which completely restored the confidence of countless investors. At the same time, they found that they were about to usher in a huge retaliatory rebound, so they entered the market one after another and continued to drive up the stock market.

The source of this wave of 800 points is actually our Mr. Soros.

It is said that after Soros woke up from the hospital, the first sentence he said and the first order he issued was to sell stocks. They can buy as many stocks as they can buy!

Soros actually completely gave up the idea of suppressing the stock market and began to buy madly. It was like sending himself to God.

But there is no way, because Soros has to pay the bill!

Soros' shares are not his own, but he borrowed them from securities companies. According to the contract, he must return these shares to securities companies at the end of February.

But all Soros' stocks have been thrown into the market now, and he has no stock to repay his debts at all. Then, according to the rules, securities companies will use all the assets and dollars mortgaged by Soros to buy back and make up for the insufficient parts until all the dollars are spent.

Now it is impossible to suppress the stock market. Soros can only take advantage of the low price and buy as many stocks as he can, so as to make up for his losses as much as possible.

In fact, if Soros can buy back all the stocks in his contract at this time, he won't lose much, and even make a small profit.

Because a large part of the stocks in his hands were sold at a high level of more than 10000 points in 1997, so the two sides add up. As long as all the stocks in Soros's hands can be sold back below 8600 points, Soros will not lose money although he can't make money.

That's why Soros desperately asked his men to buy back the lost stocks before the stock market rose back to 8600.

However, this is impossible. Soros threw all his cash dollars into the stock market at one go, but in fact, there are not so many stocks for Soros in G shares.

Soros only bought about $6 billion of stocks, and bought out all the constituent stocks in the market that he wanted to repay. He had no chance to sell them!

This is also the reason why the whole stock index rose 800 points.

After that, although Soros was still desperately buying, the investors were not stupid. Whether retail investors or funds, they had understood that the stock market rebound was inevitable. At this time, no one would sell their stocks unless there was a shortage of cash flow.

Confidence has made all investors arrogant and began to kill back to the stock market.

After all, every second, the market value of the stock in your hand will rise. Who will be willing to sell it!

On the contrary, now everyone is frantically trying to buy stocks, especially those international hot money. They start faster than Soros. After all, they have always been behind Soros. The cost of Soros closing positions is 8600, but their cost is around 7000. They are also anxious!

This urgency is naturally pushed up by the whole stock market. In order to close their positions as much as possible, they can only work harder to acquire stocks, which is simply a closed loop without solution.

Soros and international hot money did not give up buying stocks until the stock market rose above 16000.

Because the cost of buying stocks at this time has exceeded the cost of giving up the contract. They give up the contract, don't give all the collateral, and give it to those institutions and banks, which is more cost-effective than they go to the stock market to buy stocks again!

Of course, they also hope that after they stop the acquisition, they can stabilize the stock index and maybe make a small decline.

Unfortunately, at this moment, XG suddenly came up with a statement that this time XG has won the biggest bull market in more than 10 years. In the future, the stock index will break through 20000 points. Entering the stock market at this time is robbing money. Realizing economic freedom in an instant is not a dream.

Then, the whole XG, even more international hot money who had not participated in the war before, ran in again. Naturally, they bought too much and expected the XG stock market to continue to rise. As a result, on February 24, the XG stock index broke through the 19000 mark.

On February 26, the G stock index broke through the 19500 mark

On February 27, the last trading day of G shares in February, which is also the day for the settlement of all short contracts, the final closing point of G shares is 19885, which makes many people very sorry. If it rises by another 3 points, it can close at 1888, which is perfect.