"The bulls are still in a state of suppression."

Ye Mengru observed the market and continued: "The three major U.S. stock indexes all hit intraday highs yesterday, and the Nikkei index also hit a new high today. Although the Hang Seng Index is a little worse, it is also hovering near the previous highs. Our domestic stock market has once again surpassed the 5,900 points under the official listing of China Petroleum today."

"Is Huaguo Petroleum listed?" Su Yue was surprised and asked.

Ye Mengru nodded: "Today, the highest price of 48 yuan was reached, with a market value of over 8 trillion yuan, becoming the world's largest market value company. Investors were extremely excited and believed that the market value of China Petroleum would exceed 10 trillion yuan, continuing to refresh the history of the world's largest market value company."

"Are you crazy, 10 trillion?" Lin Feng was surprised, "A company accounts for half of GDP?"

Su Yue smiled and said, "It's really crazy, 10 trillion, I really dare to think about it!"

Ye Mengru ignored Lin Feng's exclamation, paused for a moment, and continued: "Xiao Su, the market sentiment is still hot. The funds we invested have lost about 15% so far, so it is not optimistic!"

Since their positions were exposed, the rise of LME Copper and the FTSE 100 index has not stopped.

The entire joint team, following Su Yue's instructions, continued to increase their positions, but the losses continued to expand with time. Although everyone still believed in Su Yue, the uneasiness in their hearts was inevitable.

She was better, after all, she firmly believed that Su Yue would still succeed this time.

Although traders were worried about the state-owned assets group led by Nie Yuanzheng and complained about the continuous losses, the leaders were accustomed to being in trouble, and their mentality was stable.

Liu Jinglun, the leader of the Universal Fund, has seen Su Yue’s power, and he admires Su Yue very much and has no complaints.

But Manager Pang of the Transport Fund, Ye Mengru chatted with him a few words yesterday, and obviously felt that the other party was a little anxious. If he continued to lose money, there might be problems.

"According to the current new growth rate of long and short orders, it's enough to retreat by up to 15%. "Sister Meng Ru smiled and continued, "Is Mr. Meng Ru worried that Manager Pang could not bear it, so she rashly withdrew her investment and brought her trading team back to China? This triggered an overall avalanche of the team and completely failed the plan?"

Ye Mengru nodded: "Manager Pang put into the market this time, but the backbone fund of Chengyun Investment was created by Senior Sun Chengzong's senior 'Qingtian No. 1'. With a drawdown of more than 30%, I'm really afraid that he can't stand it."

"Sun Chengzong is not a short-sighted person. He can still afford to bet for one billion." Su Yue was not worried much. "At present, our position is not high. Even if the leverage effect is a strong pullback, we must make our position liquidation based on this. At least the FTSE 100 index, LME copper, and the three main bond futures must all rise by about 15% simultaneously."

"Don't look at the stock market, futures market, and bond markets, and the target price is constantly rising."

"But it is impossible to really work hard and pull up by more than 10% in one go. This requires huge amount of funds to maintain and accumulate various favorable factors."

"However... they will not have any benefits."

"When the market's participation funds expand a little more and the opponent's market accumulates more, we can detonate the thunder of the 'Beiyan Bank'."

"The current continuous losses are to attract more bulls to enter and make greater profits in the future."

Ye Mengru nodded: "I believe in you, but this loss of hundreds of millions is really scary."

To firmly hold large-scale short orders that are constantly losing money in one-sided long markets.

This requires a strong mental ability.

"It's almost..."

Su Yue looked at the rapid increase in long positions in FTSE 100 futures and LME copper, as well as the main bond futures, and said with a smile: "Our main opponent should be entering the market on a large scale at this moment."

Of course, Su Yue was just guessing.

In order to confirm this speculation, after the market, he secretly sent an email to Dana asking about the movements of Oran Capital.

It took Dana two hours before she replied to him, saying that the various funds of Orland Capital have entered the market on a large scale, and that the chairman of the board of directors, Mr. Ampton, has personally visited London to command.

After receiving the exact news from Dai, Su Yue breathed a sigh of relief, picked up the phone, walked to a corner, and called Zhou Minghua, who had not been moved: "Old Zhou, my bait has played a role. Aolan Capital is constantly pressing shorts in various London capitals, and can no longer help but enter the game. Now... it's time for you to play."

"Is that old guy Ampton here?" Zhou Minghua laughed, but gritted his teeth and said.

Su Yue replied: "He came to London to command. It seems that the long-short battle we arranged across the stock market, futures market and bond markets really made him happy."

"Okay! This time..." Zhou Minghua gritted his teeth, "I will bite him tightly."

After saying that, Zhou Minghua hung up the phone.

In the afternoon of London time, after dinner and resting, Zhou Minghua led his New Bank Milon team, in the name of Bruce Zhou, publicly claimed through Reuters that the European stock market was seriously overvalued and bubbles were accumulated, which was a good opportunity to short. He threatened to use the New Bank Milon ‘Tianhuo 1’ fund from now on, with a total of US$15 billion to short the FTSE 100 index.

New York Bank Melodon is one of the top ten asset management giants in the world, and its financial strength is unfathomable.

After Zhou Minghua obtained Walker's full authorization, his speech instantly shocked the entire London financial market.

Su Yue, the first short seller who jumped out to short the London financial market, received strong reinforcements at this moment, namely the asset management giant from Wall Street and the capital giant that is ranked first in the world.

No one expected that in London, Wall Street Capital would stand together with China Capital.

"New Zealand Miron, this is a big guy. Their investment style has always been known for their stability. Why did this time, he actually publicly bearish on the FTSE 100 index and put out such a huge amount of funds to short?"

"Is the stock market really risky? The FTSE 100 index is really overestimated?"

"First it is Chinese capital, then Wall Street. In recent days, short positions in stock index futures have been increasing rapidly. I think New York Bank and Miron's judgment may be true."

"Investment and research institutions such as UBS, Rand Securities, and Fatong Capital said the day before yesterday that compared with the global financial market, our London financial market is slightly undervalued, and there should be room for it in the future."

"NYBM is actually saying something that my country's stock market bubble is serious, which is clearly a lie."

"Are giants such as UBS, Rand, and Fartong not as good as New York Merron on Wall Street? I think if Wall Street Capital and Chinese Capital really want to maliciously short London, then let them come."

"They don't have large-scale stock chips, they just hold short orders in stock index futures, just to give money."

"As long as they dare to invest large-scale funds and short selling, I believe that all the capitals and financial institutions in London will jointly strangle them and teach them how to be human."

"Yes, there are no bargaining chips, I think how they short?"

"As long as everyone locks the funds and doesn't sell them, they can keep forcing them to death, forcing them to lose their short positions and return to zero."

Many market investors are skeptical about the sudden joining of New York-Mylon's short-selling team, both online and offline.

I have the idea of ​​continuously pressing shorts and killing all shorts in my heart.

Of course, in this strong long atmosphere, there are also many speculators from other European countries, from Asia and America, who stand on the short side, follow the trend of New York Mirlong and short on a large scale.

London is a global financial center. Here, no matter what extreme market conditions are, there will be no shortage of short sellers, long sellers, all kinds of investors and speculators.

"Did New York Mirone jump in?"

Barclays Investment Department, investment officer Ulysses, looked at the news released by Reuters, was surprised and surprised: "It's really incredible that Wall Street Capital and Chinese Capital have joined forces."

"A $12 billion investment..."

"London hasn't been so lively for a long time. It's an unprecedented long-term battle, and it's also a feast of wealth that is extremely enviable."

"Minister, do we need to continue to increase our positions?" Assistant Kath Cecilia asked.

Ulysses thought for a while and said, "It's a pity to have such a large short position and such a large short squeeze, and not participate heavily."

"but……"

"Kath, did you ask President Zachley personally when you went to Beiyan Bank, and did you really have no repayment issues when you expired at the end of December?"

Kath replied: "I asked, and President Zachley said there would be no problem."

"Have the mortgaged assets contained in these three bonds 326,413,419 have been verified? Is there any problem?"

Kath paused and said, "There is no problem with the corporate mortgage loans contained in the bonds, but a large number of mortgage assets... It is a bit difficult to verify, and this cannot be investigated in the short term."

"Why?" Ulysses asked.

"Because the various mortgage loans included in these three bonds do not come from one place in London." Kath replied, "The workload of checking more than 100,000 mortgage loan debts among the three bonds is really big, and it takes at least one month to two months."

"Then we have to check it," Ulysses said in a deep voice. "Our Barclays Bank has a heavy long position on these three bonds, especially the 326 bonds and the main bond futures contracts. It is not easy to take it."

"But from the past history, the performance of mortgage loans is very good, reaching more than 99%. Although the national housing prices have fallen in the past six months, the decline is not large. Judging from the recent months, the mortgage default rate is still small, or even about 0.6%. "Kath replied, "Financial institutions in London have long believed that mortgage loans are a loan category with relatively low default rates among all types of loans. The minister... should not have any problems, right?"

Kath believes that as long as the financial institutions that issue bonds will not have problems, then as bonds that have always been known for their stability, there will not be risk problems.

The financial institutions that issue bonds are all major banks in the UK and even the world.

They will have problems unless there is a global financial crisis. From the current perspective... the financial market sentiment is hot, and both stock indexes and commodity futures are constantly rising. London's entire financial system is also operating well, without any signs of crisis. Kath really doesn't know what Ulysses is worried about.

Ulysses ignored the words of his assistant, remained silent for a while, and ordered firmly: "Kath, let the investment branch personnel of Birmingham, Sheffield, Leeds, Glasgow and other cities, as well as branch personnel, check in depth whether there is any problem with the three bond assets that contain a large number of national mortgage loans."

"There was no problem before and no risks occurred, which does not mean there is no one now."

"Our opponents, this group of trading teams from China, are still increasing their positions in an orderly manner despite their continuous losses in holdings."

"I don't think they are stupid, but think that there must be logic in it that we don't know."

"Next month is Christmas. At this time, they choose to short the London financial market on a large scale. There must be reasons why they firmly believe in victory."

"The financial institutions for bond issuance are right around us. Even if there are risks, we can discover them in time."

"But we can't see clearly these essential assets of bonds, these huge amounts of mortgage loan claims, and if the risks come from here...then it will be troublesome."

"Okay, I'll go check it right away." Kath responded and turned and left.

Ulysses stared at the 326 bond, the rising short orders and long positions that were still pressing. He frowned and always felt a little uneasy.

But he couldn't tell the reason for this uneasiness.

Without empirical evidence, you can’t just let the bank headquarters sell all the positions related to these three bonds based on intuition? This... the leader will not agree!

"I hope I'm over-thinking."

Ulysses rubbed his temples to calm himself down completely.

When Wall Street Capital threatened to short the stock market on a large scale, when the streets of London were flying all over the streets, few people would notice abnormal movements on bonds, and would not think of the real source of crisis. The real short entry point is not the rushing stock market at all.

Su Yue and Zhou Minghua made great efforts in the stock market and LME copper.

In fact, it is to allow more people to focus their attention on this and subconsciously ignore the always stable bond market crisis.

Ulysses was worried and felt that the short squeeze was not as simple as it seemed.
To be continued...