Chapter 1324

“。。。 The New York stock market has fallen to the level of a decade ago as the US economy has deteriorated faster than expected. So far, the Dow has fallen below the 8000 point integer mark, and it is only a short distance from the 7700 point, the lowest point of the index in 10 years, for the first time since March 2003. "

Looking at the laptop screen in the middle of the conference table, alvert column had a dignified expression, and Andy also pretended to frown.

In recent years, the world's expectation that the government's rescue policies will show their effectiveness has been somewhat dashed, with little effect. Instead, it started Bo and the real economy with an irresistible momentum, which made the world's stock market fall continuously again.

Naturally, he knows when the financial crisis will start to rebound against the trend, but this can only rot in his stomach, and it is impossible to tell the second person, so it is necessary to show a little serious worry, of course, as long as a little, because he is the winner who wants to profit from the crisis.

"The market tends to get worse before it gets better."

Hearing the words of the big boss, several people present at the conference table and alvert lieve of the video link all nodded their heads, but they all laughed bitterly in their hearts. The boss was right at all, but the current problem is that because the economic crisis worsened more than expected, no one knows how bad the future market will be.

In the face of this once-in-a-century economic crisis, even Buffett, the "God of stocks", is hard to create a myth.

Buffett's Berkshire Hathaway stock has fallen for the sixth consecutive trading day, with a decline of more than 40% since the beginning of the year.

Without this crisis, Buffett, an old hooligan, has brought investors an annual return of 20% in the past 20 years. But at current market prices, investors have made less than 3% of their total profits in the past five years.

"Buffett's investment principle may not be a problem. What's wrong is the fundamentals of the U.S. economy." Hear al said the situation, Andy said lightly, for the loss of old rogue Buffett, he had expected.

However, the old man has enough patience to wait. This kind of patience is not as simple as what he said. He will never buy until he falls to the price in his heart and never sell until he rises to the price in his mind. No one can insist on the patience to wait unswervingly.

"How much is Goldman's share price now?"

To be honest, Andy is not very kind indeed. As an ally in the acquisition plan, Andy has not forgotten to short Goldman's stock price in the secondary market. When he has lost blood, he has not missed the opportunity to suck the blood of his allies. He is also the best.

"55 dollars."

"Tut tut..." Andy turned his mouth, squinted his eyes, smashed his mouth a few times, and the expression on his face seemed to suppress his joy.

Goldman Sachs, regarded as the "crown jewel" of American financial industry, is also doomed to the collapse of its share price. Goldman Sachs set its lowest closing price since it went public in 1999 at $55. Compared with the record high of $248 last year, its share price has shrunk by nearly 80%. This is Warren Buffett, who injected $5 billion into Goldman Sachs. At that time, his subscription price was $115 per share.

"Citi fell 23% in the previous session. ****Bank shares fell nearly 18% and Bank of America shares fell nearly 14%. After the collapse of the five major investment banks on Wall Street, several major commercial banks in the United States are facing a new round of life and death struggle.

Since the beginning of the year, Citigroup's share price has fallen about 84%, and now it's $9.50. In terms of market value, Citigroup, once known as the world's largest bank, has now become the fourth largest bank in the United States. If the company's shares continue to plummet, Citigroup may have to apply for bankruptcy protection because of its insolvency.

According to the information we have, Citigroup may announce plans to cut 50000 jobs around the world. At the same time, it is seeking financial support everywhere. According to reliable sources, Prince desert intends to invest money.

In order to ease the market selling situation. Citigroup has filed an application with the U.S. Securities and Exchange Commission to ban short selling of Citigroup's shares after the close of New York stock market.

The market is also full of rumors that Citigroup has considered selling its assets to survive. The company has not ruled out the possibility of merging with other companies

"Citigroup is currently the most problematic of the four major commercial banks, and the US government must not let it go bankrupt." Andy frowned and tapped his fingers on the table.

"The problem is not just the lack of confidence in the market, but the balance sheet of banks. No one knows how many bad assets these banks have. As economic fundamentals worsen, things can only get worse, and it's doubtful how much the government's financial rescue plan will do.

Of the first $350 billion, the Ministry of finance still has about $60 billion left. Paulson has the possibility of putting his foot down. He said privately that he would leave the rest to the new president.

He he, in the face of the growing doubt that the financial rescue funds may be used to pay the salaries of Wall Street executives, Paulson can't help it! ""It's so ugly!"

When he heard the ridicule from his boss, alvertriel could not help sneering and sneering, "in addition to our bank, the first eight banks owe senior managers pension and deferred payment bonus totaling more than 40 billion dollars by the end of 2007. As soon as the rescue funds are in place, they are immediately released and paid. "

No wonder that the American people will take to the streets and launch the occupation of Wall Street. However, how can the rich on Wall Street care about the protests and clamors of those people? The so-called dish cooking will also be trampled at will in the bloody conflict. Frankly speaking, the United States is the United States of the rich!

"If we don't say that, let's keep shorting financial and banking stocks, and let's not use leverage, we won't use it, but don't think about letting them go.

What's new at Yellowstone? " Andy has also lost interest in Wall Street's power and money deals, even if he is a beneficiary of the group.

"The accounts are messy, and there are serious misappropriations..."

Andy shakes his head and laughs unconcernedly. As for the situation reported by Al, he has psychological preparation for a long time. "Let our people not care about those problems. In this way, tell EDRA Brix Seth that we will pay her the fund once and for all, except for the assets and all members of the club, other things including debts, wage arrears and so on. She has to take them all, I As long as we have net assets, we should make a thorough distinction with their previous operations! "

"I see, boss." Al nodded and understood that the owner at home didn't want to discuss with the other side about where the past membership fee was going. He wanted to get rid of all the baggage and let the Huangshi Club start operation again in light. This kind of result, would like to come to the other side will be greatly relieved.

At the end of the video conference, Andy also dismissed the live conference and asked several people to take a rest and wait for the negotiation in the afternoon, while he watched the amount of money made by the financial branches in his hands in recent period.

As countries around the world are restricting or banning short selling of financial stocks, although the earnings are considerable, they can't give Andy much surprise. However, with the rapid rise of gold price in front of Zhuyu, he is really numb to the earnings of RMB 120 million of each branch.

With the gold price rising all the way, Andy's influence and reputation among the American people are also soaring. After all, no one will hate the "good people" who can make money with their own investment, especially in the financial storm and the dark financial market.

As a result, the lighthouse effect is gradually forming around Andy, and the number of people who pay attention to Andy's Facebook has officially broken through 100 million, becoming the first in the world, while the number of fans of his own instagram account is moving towards 100 million.