After the Shanghai Composite Index broke through the 6100 point mark.

Within one minute, the pulse fluctuation at a maximum of 6124 points is very inconspicuous on the entire instant trading market.

The trading room was quiet. No one except Su Yue would realize that this was the highest point of this bull market, nor would they realize that in the next year, the Shanghai Composite Index turned down from here, setting a terrifying decline of more than 70% with a steeper slope than the upward trend, burying all investors rushing in with their dreams of wealth.

The magnificent bull market that lasted for two years would also lead to an unprecedented bear market when it hits the global financial crisis.

Lingli's decline will break all valuation bubbles and shatter all investment logic.

At this time, looking at the extremely beautiful "core value" and "national weapon", there will be a unified title in the future "big bad money", becoming an unavoidable variety in the stock market.

The market will go from one extreme to another.

"Human nature, emotions..."

Su Yue smiled in his heart and said to himself: "In the cycle of bull and bear reincarnation again and again, through countless 'story' and 'logical', this is the real way of wealth!"

"Xiao Su, the trading volume of the two markets is further expanding."

Lin Feng's words pulled Su Yue back from his meditation: "The position of 6100 o'clock was broken after lasting for a minute and a half. The selling orders of popular blue chips in the two markets began to increase rapidly, and it would repeat the trend of yesterday morning!"

"Where is our fund's holdings reduced?" Su Yue asked.

Lin Feng replied: "The only one last little bottom position chip is left. 325 Fund, I have reduced my position line to the lowest 30%, and I am ready to reach the peak of the market."

Su Yue nodded slightly: "Then there is nothing to worry about. Let our fund reduce the final bottom position!"

"Not leaving any?" Lin Feng asked.

Su Yue smiled and said, "Don't leave it, after reducing it, slowly buy some of the defensive stocks you and me discussed. This will be considered as an explanation for investors who care about our short positions."

"Oh, by the way... Su Yue, do we need to participate in the listing of China Petroleum?" Lin Feng asked again.

Su Yue thought for a while and said, "Don't participate in offline subscription. After all, offline subscription requires three months of chips. You can try it online. With our capital volume, buying such large-scale new stocks should make a lot of pocket money. However... When Huaguo Petroleum is listed, you should still remember to stop when you see the good news and cash it in time!"

"Okay!" Lin Feng nodded with a smile and said, "Then I will try to subscribe all the funds I have freed, and I should be able to win a lot of them."

The listing of Huaguo Petroleum is a landmark event when this bull market ends.

Su Yue will not forget how the giant, which was the peak of the listing, once exceeded 8 trillion yuan, and occupied the world's largest market value, fell from the peak of 48 yuan, and with the market, it fell to only a fraction of the market, killing countless investors.

Of course, if you win the lottery and sell this giant on the day of listing, you can still make a lot of money if you buy it.

After all, the issue price is 16.7 yuan, which is almost twice the distance from the peak of 48 yuan in the intraday market.

While the two were talking, the Shanghai Composite Index had already stepped out of a spire in time sharing, and the volume fell to 6070. Compared with the highest point of 6124, it fell by about 1 point within ten minutes.

"The chips are continuing to loosen. Xiaowu, step up to reduce positions."

Demon City, Zexi Investment, and Xu Xiang saw the popular stocks in the two markets, and once again rush to rush.

Xiao Wu responded and followed the traders to sell at a price, hoping to reduce the holdings of the "Zexi No. 1" fund as soon as possible and complete the reduction plan.

"Boss, I was doing well before, but suddenly so many sell-offs came out."

Seeing that the selling markets were emerging one after another and the prices were getting lower and lower, Xiao Wu frowned and asked in confusion.

Xu Xiang stared at the changes in the market, was silent for a while, and shook his head: "I don't know, but no matter what the reason is, it should be difficult for the market to rise at this position due to continuous loosening of chips and selling. We need to pay attention to the risks, reduce our positions, and observe subsequent changes."

"The 6,000 point position has been adjusted, so it should be difficult to fall sharply, right?" Xiao Wu scratched his head.

He believes that if this position really needs to be adjusted in a huge fluctuation, the decline of such a large amount yesterday would not have been able to recover so quickly.

"It's hard to say!" Xu Xiang frowned, and he always had a bad premonition in his heart.

The incremental capital in the market began to decay. He could not be sure of where he could go according to the trend inertia. Even if he ended here, it was not impossible.

Anyway...

In this position, he felt that it was always right to be careful and cautious.

Seeing that the boss was frowning, Xiao Wu seemed to be thinking about more factors that affect the changes in the market. He opened his mouth and wanted to say something, but he held it back, turned around and then reduced his position to recover funds.

As the trading time goes by.

After the market hit a high of 6124, it began to decline step by step. By the midday closing, it had fallen to around 6040 points, which was less than 0.3% increase distance from yesterday's closing point.

"What's going on? It's so difficult for a small 6100-point level?"

After the closing of the market at noon, people on major stock forums began to express their opinions on the market conditions of the two markets in the morning and look forward to the future market.

"The overall trend is still rising. Let's take a break and will definitely recover in the afternoon."

"Yes, nothing unexpected happens. The market will still hit a new high at the close of today. 6,000 points have been consolidated and the support has become very solid. 6124 will definitely not be the stage high."

"Morning is just a test, and afternoon is the real upward stage."

"Recently, the market has been sluggish in the morning and the afternoon market has exploded. I think today is definitely no exception. Actually... the rise and fall in the morning also gave the buying point after the opening in the afternoon."

"I think this is the case too. If I really want to adjust, it will be impossible for the market to pull up so quickly if it opens lower in the morning."

"I heard that the Federal Reserve will cut interest rates again at the end of this month. This is the third time the Federal Reserve has cut interest rates this year. I believe that this time, our central bank will definitely follow."

"If the central bank cuts interest rates and reserve requirement ratio, the stock market will definitely have to rise!"

"At present, the whole world is in a big bull market, the external environment is good, and there is no motivation to fall, so everyone relaxes, continues to buy, and continues to make money."

"According to the wave theory, we are currently in the middle of the main rise of the third wave, which is the best time to make money."

"How many waves are there in total?" someone asked.

"According to the theory, there are five waves that will rise in total, so hold on to the bargaining chips, the Shanghai Composite Index will definitely be able to reach 10,000 points in the future."

"After the last bull market, it fell for five years. How come this bull market has to rise for five years, right? It's only two years, and it's still a long time."

"No, there will be no bear market in the future A-share market."

"As long as my country's economy continues to grow by more than 7%, the economic growth rate can be balanced through the continuous growth performance of enterprises. That is to say, the earnings per share will continue to increase, the valuation will continue to decrease, and the stock price will continue to rise and become more and more expensive."

"Okay, today I recommended the stock of Changjiang Electric Power to my mother-in-law and asked her to use all her pensions to buy this stock."

"Electricity is the most important energy. With the explosive growth of my country's economy, the rapid increase in industrial scale, urbanization construction, the improvement of residents' living standards, the increase in household appliances, etc., the future electricity consumption will definitely become larger and larger. Yangtze Power has the largest Three Gorges Hydropower Station in my country, and its profitability, return on equity, and earnings per share will definitely continue to rise."

"I am very confident in investing in this stock."

"Shenhua Coal Industry is not bad either. With the expansion of industrial scale and the continuous improvement of the economy, coal consumption will definitely become increasingly larger. I think Shenhua Coal Industry will definitely become a company with a market value of one trillion yuan."

"There are also Huaguo Petroleum and Huaguo Petrochemical."

"In modern industrial society, oil is gold, oh... no, it is something more expensive than gold. Nowadays, oil prices have always been above US$80, and there is even a possibility of rising to US$100 at any time. As the leader of the three major state-owned oils, China Petroleum occupies an absolute monopoly position. It can be said that it is a place to collect money and count money and it is slim to invest in such a company. It is definitely correct to invest in such a company."

"I just haven't been listed yet, but I'm about to apply. I decided that even if I borrow money or loan sharks, I have to apply for the full amount."

"As long as you can buy the stocks of Huaguo Petroleum, you will get tickets to future wealth. This is not a product, and you can hold it for a lifetime."

"After almost hitting the daily limit yesterday, Huaguo Petrochemical rose by more than 7 points this morning. You can imagine the situation when Huaguo Petroleum went public."

"Compared with China Petroleum, Petrochemical's ability to make money and the scale of domestic laying are far inferior."

"If you buy stocks, you have to buy the leader. At that time, when China Petroleum goes public, I have to raise money to buy whatever I say. The oil price is so expensive. If you buy oil stocks, then you can refuel the car and the money earned by the oil company, and the annual dividends I get, which can also be regarded as reducing the cost of living a little."

After seeing a more violent shock.

Everyone didn't care much about the ups and downs this morning.

Everyone is busy discussing how the market will rise next, discussing where it is, how many blue-chip stocks they have added to them; they are busy discussing what other "core value" stocks they have listed in the future, or are in a queue; they are busy discussing how much money they have and how many stocks they can add to them...

Everyone is deeply trapped in the dream of wealth and the beautiful story of "value blue chips".

I don't want to wake up at all!

"Some people will say something like 'There will be only a bull market in the future, no bear market', and there are many people who agree. It seems... everyone is really crazy." Zhao Qiang, while digging the rice in the lunch box, was watching people's discussions in the stock forum, constantly complaining, "It's good to buy stocks and leaders, but at least you have to look at the price. Changjiang Electric Power is so expensive. What kind of performance improvement can make it even better?"

"Zhao Qiang, my mother heard that I made a lot of money by trading stocks, and just transferred 20,000 yuan to me. I am going to continue to increase my holdings in Huaxin Securities after the opening in the afternoon. What do you think?"

When Zhao Qiang complained, a roommate opposite him said happily.

"Huaxin Securities?" Zhao Qiang swallowed a mouthful of food, thought for a while, and said, "The stock price is 120 yuan, almost 900 billion, right? It has invested more than Goldman Sachs abroad. Its performance is good and it is indeed growing rapidly, but I dare not buy it anymore. My boss has withdrawn, and I am also planning to withdraw it all."

"Your boss?" The roommate had a question mark on his head.

Zhao Qiang smiled and said, "Mr. Su from Fortune Avenue is my boss. His seats appeared in the first three consecutive days, and they were all sold."

"Mr. Su..."

The roommate opened his mouth, remained silent for a while, and continued, "You are more accurate than me. I believe you. Keep the money first and wait until the low level before increasing your position."

Zhao Qiang said 'um', thinking that there was nothing to say, so he turned around and continued to look at the discussion topics on the forum.

"Oh, by the way, Zhao Qiang, I heard that Mr. Su came to our school last time. Have you seen him?" The roommate remembered this legendary figure who was famous in the financial industry in the past year and continued to find the topic. "Old Huo said that he had seen him squatted at the door of the academic exchange meeting. Mr. Su seemed to be similar to us last year."

"But Old Huo didn't dare to go up and say hello, and he didn't know if the person he recognized was true Mr. Su."

When his roommate mentioned this sad thing, Zhao Qiang sighed helplessly and said, "I happened to be home those days. I didn't have the chance to see my boss. I'm so sorry. Last time I went to Ningzhou during the summer vacation, I finally found out the phone number of his company, but the boss was not there either."

"After that academic exchange meeting organized by the school, whenever he meets Professor Yan, who attended the academic exchange meeting at that time, he would boast about President Su and set an example for us. I heard it all the time." The roommate paused and asked, "Zhao Qiang, do you think President Su is really so amazing?"

Zhao Qiang said with a respectful look on his face: "In my heart, he is the god of the market."

"It's not that exaggerating, right?" The roommate was a little disbelief.

"That's because you haven't studied him." Zhao Qiang said, "I have carefully studied every transaction that Mr. Su borrowed from Fortune Avenue in the market, and studied all the information and rumors about him on the Internet."

"You don't understand how powerful he is!"
To be continued...