Chapter 736: The turmoil on Wall Street(1/2)
Walker looked at Su Yue's confident look and was silent for a while, saying, "Mr. Su, give me two days to tell me about the board of directors, can you?"
"Of course there is no problem." Su Yue replied, "but Mr. Walker's actions should be as soon as possible."
"I said before that the lead that triggered the crisis to explode again has reached the end. The market trend should soon see new changes."
"In the face of market opportunities, whether you are an ally of New York Merron or not."
“Our investment strategy will not change.”
Walker nodded: "No matter whether we can cooperate in the end or not, we are very grateful to Mr. Sue for talking about this today."
The two sides continued to communicate for a while, and only then did they disperse until the streets of New York were completely dark.
"Walker, do you really want to persuade the board of directors to agree to the request made by Mr. Su and fully promote this cooperation?" After the Bentayga Capital and his group left, Roy frowned and said, "The two profits of profits, the people on the board of directors, are all stingy and will not agree to this condition."
"Besides, the other party is investing in Wall Street."
"When will Wall Street Capital take the initiative to contribute profits and lower its stature to join forces with foreign investors?"
Walker replied: "Try it. As long as there is enough profit-driven, everything is possible. If we cannot reach a cooperation, we will invest independently."
"No matter what, what Mr. Su said today is worth pondering."
“We should really consider changing our investment strategy.”
"Tomorrow..." Walker paused and continued, "Roy, you can call all the fund managers of our group's fund investment department to hold a meeting and listen to everyone's opinions and ideas."
"Okay!" Roy nodded.
"Zhou, do you think the next market will follow what Mr. Su predicts?" Walker turned to Zhou Minghua and turned his head and asked again.
Although Zhou Minghua is Chinese, his level is still very high in Walker's mind.
Zhou Minghua thought for a while and replied: "I think there is no logical problem with what Mr. Su said. As for whether the market will evolve like this in the future, I think no one can give an absolute and positive answer. We just need to be vigilant about this risk, prepare for the market to change to a worse situation, and make investment prevention and risk hedging."
"Okay!" Walker replied, "I know what you said."
While the three of them were discussing, on the other side, among the group of people who left Bentayga Capital, Patrick, who watched the entire negotiation, muttered for a while in his heart and asked: "Chairman, do you really want to cooperate with New York Mirone?"
"What do you think?" Su Yue looked at Patrick with a smile.
Patrick thought for a while and replied: "I don't think that the chairman's main purpose is to seek allies in profits. Regardless of whether the cooperation can be achieved, New York Bank and Melon's investment strategy will turn to the short side. We have initially grasped the core chips of the market. When they turn to the short side, they will form a help for us to sell short."
Su Yue nodded slightly and said, "You are right."
"We have caused such a stir in the stock market, bond market, and offline investment banks. Since New York Merron noticed us and took the initiative to make an appointment with us, we naturally might as well make use of it."
"I set aside 20% of the profit conditions."
"If they agree and are willing to act with us, then when we establish positions, we can borrow their funds and obtain greater short-selling momentum, and we can occupy greater initiative in the market."
"If cooperation cannot be achieved, what I said today can leave a deep enough impression on them."
"These impressions are enough to shake their investment strategy."
"Like you said, as long as they change their current investment strategy, they will form our allies in the market."
"Two days..."
Su Yue smiled and ordered: "In these two days, let traders further expand their positions to about 80% of the first step we expect to invest!"
"Especially in the stock market, we mainly sell the eight core stocks."
"The short selling amount can be taken up."
Su Yue was worried that when the crisis really broke out in full swing, the exchange would limit the number of short selling orders in the market and limit the short selling of funds.
Therefore, when it is confirmed that the crisis has been fully broken out, it is inevitable.
He must occupy the most core chips at the first time, and then take advantage of the negative news that the market is constantly exploding, influence the market with bearish remarks, attract more interest allies, and short them to the end.
As Su Yue and his group met with several heads of fund investment departments of New York Bank Meilong.
All the capitals of Wall Street are also talked about the behavior of Patrick's huge amount of shorting subprime loan mortgage bonds during the day, and the crazy buying of CDS transaction agreements, which are also known as the number one anecdote of Wall Street today.
"This Patrick should have been the global chief investment officer of Standard Bank of South Africa before?"
"Yes, this person is still in Wall Street and has some connections. He is familiar with many investment companies and financial institutions. He is also considered a famous person on Wall Street."
“Who is he working for now?”
"I heard that he has publicly bought and sold nearly $1 billion in financial institutions such as Bank of America, Morgan, Qualcomm, and New York Bank today. With such a large amount of capital investment, this is to completely short the entire market. There shouldn't be many institutions with this financial strength on Wall Street, right?"
"At this time, in one day, there are indeed not many investment institutions that can invest in the market with more than 1 billion in cash."
"I heard that he was not serving our Wall Street capital group this time."
"Is it multinational capital, such as European giants such as Standard Chartered, HSBC, UBS, and Asian giants such as Mitsubishi, SoftBank, and Huayin?"
"No, he accidentally revealed that the target of Patrick's service this time came from a Chinese institution called Bentayga Capital."
“Bentayga Capital?”
"It seems that there is no reputation. There seems to be no such capital investment company on Wall Street. At least it is not like a large financial institution that can invest $1 billion."
"I really haven't heard of it. I feel that my strength should be worse than that of the Standard Bank of South Africa."
"China Capital has extremely small strength in Wall Street. Even China Capital and China International have been in Wall Street for many years, but they have not made any noise."
"Originally, I thought some giant was taking big moves and shorting the market."
"It seems that I overestimated it now."
"No matter what capital is, I still admire the fact that I dare to short the market at this time. After all, the market has fallen a lot, and bearishness at this time has a very high risk."
"I heard that the ones they sell are all aaa-grade mortgage loan bonds with relatively strong solvency and low risks."
"And, what you bought is a CDS trading contract."
"As we all know, CDS transactions are risk hedging transactions. Buying this thing is a bet with financial institutions and is only useful when a credit crisis occurs."
“CDS transactions have been a seller’s market since their development.”
"The buyer who agreed to a CDS transaction agreement has rarely made money since the market development, let alone made a large profit. Everyone bought this thing just to hedge risks and give interest to the seller for free, so as to deal with the credit crisis."
“A massive credit crisis.”
"It hasn't happened in almost 80 years since the Great Depression in 1929."
"In my opinion, the way this investment company is doing is really stupid."
"But the major financial institutions that have acquired the transaction contract today should be very happy."
"After all, the institution that Patrick serves bought a CDS transaction agreement with hundreds of millions of funds in one go, which will contribute nearly tens of millions of interest income to them in the future."
"What's even more stupid is that what they bought is a CDS contract underwritten by United Insurance."
"In my country's insurance industry, United Insurance is not an insurance giant company, and the cds contracts underwritten are not many. The scale and financial strength are far from comparable to the industry-leading international groups. The interest paid to the seller, that is, financial institutions, is much higher than that of the industry-leading international groups."
cds trading agreement, between the two parties to the bet.
The higher the risk of default in the future, the higher the interest paid to the seller, the higher the interest paid to the seller.
"Today, something strange happened not only among offline financial institutions, but also very abnormal situations in the stock market and the main contracts of 715 bonds and futures."
"What abnormal situation?"
"Merry Lynch and Lehman Brothers, two Wall Street investment banking giants, have rapidly surged by almost double today. There are also doubled short positions on the main contracts of 715 bond futures, and there seems to be traces of large capital's open actions and shorting markets."
"Wow... I saw it, it's true."
"Hasn't Merrill Lynch's crisis been overcome? It's not wise to short at the bottom at this time?"
"There are also Lehman Brothers. The stock price has fallen by about 60% from last year's high, and the risks have been fully released. At this time, shorting will not be possible unless Lehman Brothers goes bankrupt, how can the stock price fall? Where can I make a profit?"
"As for Lehman Brothers' bankruptcy..."
"Can you imagine the bankruptcy of the five major investment banks on Wall Street? Even if the market allows it, the Federal Reserve will not allow it. Bear Stearns has practiced this path."
"So, don't worry at all."
"In my opinion, short selling Merrill Lynch and Lehman Brothers in the stock market are as stupid as that 'Benjo Capital'. Maybe in a few days, someone will be beaten to a short position."
"Haha...is really stupid."
"However, consider it differently. The sharp increase in low-priced short positions should be a sign of the bottoming of the stock price. Only by entering the market at a low level and blowing up short positions can you reap huge profits!"
"It's true. I guess tomorrow, Merrill Lynch and Lehman Brothers will soar."
"At this time, institutions will be shorted by these two stocks in a large manner, and they will inevitably be tragically washed away by bulls."
During the turbulent discussions on Wall Street's experience in the entire online and offline markets, many financial investment institutions that had dealt with Chinese capital led by Su Yue in London and ended up with a crushing defeat suddenly captured the four words "Bentayga Capital". They were extremely shocked, and at the same time, they also felt extremely excited.
Adam Fund, Investment Department.
Walter, the market research manager, took a document and quickly pushed open the door of George Bruce's office, walked in quickly, and said, "Mr. George, I found out that Patrick is indeed serving the Bentayga Capital Group. Today's offline market changes, as well as the large number of short orders from Merrill Lynch and Lehman Brothers in the stock market, are all done by Bentayga Capital. The trader should be Patrick."
“Where is the main contract for 715 bond futures?”
George Bruce suppressed his inner excitement and asked in a deep voice.
He finally waited until his opponent appeared in North America, and finally waited until his opponent stepped into Wall Street and entered his home court.
"This... is still under investigation." Walter replied, "From the information channels we can know, there are as many as dozens of short-selling accounts on the main contract of 715 bond futures, and their ports are spread across the large brokerage firms on Wall Street. We need enough time to find out the situation."
To be continued...