The Great Sage Returns from Ten Years of Imprisonment

Chapter 179 Buying at the Bottom or Buying from the Base?

After leaving the conference room, Ling Yun went to his office to handle some matters.

Unlike his calm demeanor, the CEOs and investment directors of various airlines who emerged from the conference room were all beaming with joy.

At this point, international oil prices have fallen back to around $97, close to today's opening price, which is basically in line with Lingyun's prediction!

Upon seeing this, Deputy Director Li, General Manager Kong, and the other executives and directors were all astonished.

As we were talking, it was already around 8:40 p.m.

Ling Yun went downstairs again and arrived at the office area of ​​the United Securities investment team.

Upon seeing him come down, Mr. Chen and others from CITIC immediately came forward and briefly introduced the situation.

"The investment team liquidated all short positions in European stock markets ten minutes ago, leaving not a single one!"

"European stock markets are still falling, and US pre-market markets are also experiencing sharp declines, with Goldman Sachs and Morgan Stanley both down more than 8%."

"Given this situation, tonight will likely be another day of carnage in European and American stock markets. When should we enter the market to buy the dip?"

Ling Yun did not give an answer immediately, but looked at the electronic screen not far in front of him and glanced at the situation of European and American stock markets.

He then pretended to think for a moment before giving a smiling response.

"The current plunge in European and American financial markets is just the prelude; the real, high-volume sell-off will occur after the US stock market opens."

"We can wait until the US stock market falls to the expected level before we enter the market. As for what that expected level is, we need to keep it a secret for now."

"I will inform everyone when the time is right, but one thing is certain: today marks a short-term halt to the bleeding in the stock markets of Europe and the United States..."

Just then, an excited voice suddenly came from the side.

"In a major merger announcement, with the support of the British government, Lloyds Bank announced that it will acquire mortgage giant Halifax Bank for $220 billion."

"The UK Treasury and Lloyds Bank's stated reason for the acquisition was to prevent Halifax Bank from introducing systemic risk due to a share price crash and liquidity crisis..."

Upon hearing this news, everyone's reaction was remarkably consistent.

Instead of immediately verifying the authenticity of the information, everyone looked at Ling Yun first.

Meanwhile, the traders who were previously in charge of shorting Halifax Bank in the UK were all full of admiration!

Just half an hour ago, they closed out all their short positions in Halifax Bank, making a huge profit.

If you close your position now, your profits will inevitably shrink significantly!

Ling Yun, however, was too lazy to look at the financial news and shook his head dismissively.

"In the international financial market, Halifax Bank is just a small fry, not even worth mentioning, especially during this financial tsunami."

"The acquisition of this bank will only stabilize confidence in the UK mortgage market for a short time, and will have no other effect. There's no need to worry about it."

"What everyone needs to do now is conserve their energy and wait for the right time to buy at the bottom. I will then give trading instructions, and everyone can then enter the market to buy at the bottom..."

After chatting for a few more minutes, he stepped away and went straight to his office.

At 9:30 p.m., the US stock market opened on time.

As Lingyun predicted, the stock price plummeted immediately after the market opened.

The Dow Jones Industrial Average plunged 200 points in an instant, with the S&P 500 and Nasdaq indices quickly following suit, and the financial sector once again becoming the hardest hit area in the crash.

Dragged down by US stocks, European stock markets fell rapidly and plummeted!

Faced with such a bottom-fishing opportunity, all the traders in the joint investment team were eager to get involved and couldn't wait to enter the market immediately.

Because of Lingyun's presence, they have no worries about buying at the bottom halfway up the mountain!

However, Ling Yun did not issue any trading instructions. He simply leaned back in his chair, staring at the stock market trends in Europe and the United States, smiling without saying a word!

The situation didn't change until 10 p.m.

Morgan Stanley has fallen more than 33%, currently trading at $19; Goldman Sachs has fallen more than 25%, with its share price around $98, marking the first time in three years that it has fallen below $100.

"It seems like everyone is selling off their shares in these two top investment banks, including many well-known hedge funds and institutions. Could it be that these two top investment banks are also going to collapse?"

An analyst loudly reported the latest developments, his face full of schadenfreude.

Upon hearing the report, Ling Yun quickly opened the stock charts of Goldman Sachs and Morgan Stanley to check their price trends and trading activity.

Then he picked up the microphone and finally gave the first trading order.

"There's no need to panic about the plunge in Goldman Sachs and Morgan Stanley; these two top investment banks won't go bankrupt. But the independent investment banking model on Wall Street is rapidly collapsing!"

"Attention to relevant investment teams: Starting now, go long on Goldman Sachs and Morgan Stanley stocks, investing $300 million each, with a leverage of six times."

"The operational strategy is as follows: as long as Goldman Sachs' stock price is below $99 and Morgan Stanley's stock price is below $20, you can continuously add to your position in a diversified manner until the target is reached."

As soon as the order was issued, the investment teams responsible for the Goldman Sachs and Morgan Stanley stock transactions responded swiftly, almost reflexively.

"Received, I'll be on stage immediately."

After saying that, these guys sprang into action.

The relevant investment manager immediately followed up, began assigning tasks and funding amounts, and formulated operational details according to the established model!

Ling Yun chuckled softly, then issued the second transaction instruction.

"Keep a close eye on the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite. If the Dow Jones falls by more than 4.8%, or the S&P 500 falls by more than 5.3%..."

"If the Nasdaq index falls by more than 5.5%, you can go long and gradually build your positions according to the established plan. The relevant operational details will be released later."

"To emphasize, financial stocks are an exception. Only when the financial sector falls by more than 8% should everyone consider going long on financial stocks..."

As these indicators were released one by one, everyone was astonished.

"Holy crap! This drop is outrageous! Will the US stock market really crash like this tonight? God knows how many people will lose everything overnight!"

"The financial sector has plummeted by over 8%? How is that possible? Many financial stocks are practically worthless!"

"That's ruthless! This isn't just buying at the bottom, it's outright ransacking!"

Everyone started talking at once, somewhat incredulous and incredibly excited.

That being said, everyone was just making a few comments, and no one raised any objections to Lingyun's trading instructions!

In everyone's opinion, since he can provide specific data, he must be targeting the right issue!

Tonight, stock markets in Europe and the United States will definitely plummet, falling so low that even their own mothers wouldn't recognize them!

Ling Yun remained oblivious to the gasps of amazement that rose and fell around him.

After a brief pause, he continued issuing trading instructions, completely unaffected by everyone's emotions.

After issuing the transaction order, he casually took out his encrypted phone and sent a long text message that he had already edited to Chairman Zhao.

The content of the text message, needless to say, was a transaction instruction sent to the Hong Kong Island branch of Far Eastern Group.

Subsequently, the performance of European and American stock markets was almost exactly as he predicted!

Around 10:30 p.m., the three major U.S. stock indexes all plummeted, and extreme panic gripped the entire international financial market, with all investors seemingly frantically selling off their shares.

The three major indices quickly fell below the lower limit set by Ling Yun, and the joint investment team and Yuanda Hong Kong branch rushed in to go long, quietly and frantically buying the dip.

Around 11 p.m., the situation changed slightly as several major positive news items were released.

To prevent the collapse of international financial markets, central banks around the world have been frantically increasing their rescue measures, announcing an expansion of currency swap lines to $1800 billion!

Following closely behind, the Federal Reserve announced that it would inject $1050 billion into the market in a single day.

Following the release of these two major positive news items, the international financial market stabilized briefly, and the three major US stock indices began to rebound!

Unfortunately, it was all a fake fall!

In less than an hour, the three major U.S. stock indexes turned downwards again, erasing the gains they had just made!

Seeing this, everyone couldn't help but turn their attention to the U.S. Treasury Department and the White House!

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