The Great Sage Returns from Ten Years of Imprisonment

Chapter 371 Making too much money is also a problem

As Lingyun predicted, Black Thursday, which swept through global financial markets, arrived as expected after dawn.

The sentiment of a sharp decline in international financial markets continued yesterday, and the scope of the plunge expanded rapidly, affecting almost all areas of the financial markets.

The previously relatively resilient technology sector, in particular, has finally experienced a collapse-like crash.

The US stock market has plunged for two consecutive days, marking the largest cumulative drop in US stock market history over two consecutive days.

The situation in the international crude oil futures market was even worse. Following a sharp drop of about 7.5% on Wednesday, it plummeted again by 8% on Thursday, with international oil prices falling to the 50s.

Following Lingyun's investment strategy, several investment teams and numerous state-owned financial institutions stepped in, wielding their scythes to reap ruthless profits in the international financial markets.

From Thursday morning to Friday morning, they first closed all their short positions at the lows of stock markets around the world, and then switched to long positions across the board at the close, preparing to go long and reap another harvest.

On Friday, the oversold rebound that Lingyun had predicted arrived as expected.

Just as the short-term panic subsided, a wave of rumors suddenly circulated in the international financial markets, saying that the Federal Reserve was preparing to cut interest rates again to save the financial markets.

A surge in prices came rapidly due to the combined effect of many factors.

Faced with such a great opportunity, Ling Yun was not going to be polite.

He quickly issued instructions to all investment teams to close out their positions at the high levels of stock markets in various countries, thus locking in the profits from this short-to-long reversal.

Then pack your things and go home to have a relaxing weekend.

Saturday, around 5 a.m.

After watching the international crude oil futures market close, Ling Yun finally felt relieved enough to shut down his computer and get up to go back to his master bedroom to rest.

Just then, the cell phone that was placed to the side suddenly rang.

It was a call from Dong, the head of CITIC Real Estate.

Picking up his phone and seeing the caller ID, Ling Yun casually pressed the answer button and connected the call.

After exchanging greetings, Chairman Lou immediately asked curiously:

"Why didn't you instruct your investment teams to either short or continue holding long positions, waiting for the right opportunity to profit next week? That's not like you."

"Tell me your reasons for doing this. I'd love to hear them. Not only me, but Director Li and General Manager Wang probably want to know the answer too."

"Haha, Mr. Lou, you really seem to be thinking of pressing your advantage and eliminating the enemy."

Ling Yun chuckled and made a couple of jokes before explaining the reason.

"There are several reasons why I haven't immediately given you the next investment strategy. Please listen to them and then pass them on to Mr. Wang and the others!"

"The first reason is that we've made way too much money this past week, almost frighteningly so. It's time to slow down and tone it down a bit."

"The second reason is that I predict the international financial markets will continue their sharp decline in the first few days of next week, but the best opportunity will be a surge after the continuous decline."

"Given that the global financial summit will be held next weekend, the financial markets cannot perform too poorly, so I predict that this surge is likely to occur on Thursday or Friday."

"From next Monday to Wednesday, we can make a little extra money on the side, but we must seize this opportunity after the continuous sharp declines and make a killing!"

"The third reason is the global financial summit next weekend. In order to demonstrate our proactive stance in rescuing the global financial markets, we need to do some pretense."

"The so-called 'face-saving' here means going long on global financial markets, rather than taking advantage of the chaos by shorting indiscriminately. This way, we can avoid giving others ammunition to criticize us."

"When we attend the global financial summit in Washington, if the SEC, the Federal Reserve, and Wall Street discover anything amiss, we can still speak with our heads held high."

"One thing we must admit is that the international financial market is still under the control of the United States. We must consider these details and take precautions..."

Lou Dong seemed stunned, clicking his tongue in admiration.

After Ling Yun finished his introduction, he immediately expressed his feelings.

"Everyone says you have a brilliant mind, and while I wasn't entirely convinced before, I'm completely convinced now!"

"Your move was brilliant! I have no idea how you came up with it; it's truly astounding..."

Next, Chairman Lou commented on Lingyun's actions point by point, praising them highly.

Hearing the continuous praise on the phone, Ling Yun's lips curled into two crescent moons.

After Lou Dong finished his comments, he, as usual, exchanged a few polite words.

"You flatter me too much, I don't deserve it. Regarding these adjustments to the investment strategy, I sent the analysis report to Deputy Director Zhang last night, and he will report to SZ."

"SZ has affirmed my approach. We should have a small-scale discussion about this at the third preparatory meeting this afternoon, and I'll elaborate on it then."

"Wow, this is a well-prepared battle! Well done!"

Lou Dong let out a gasp of surprise.

After chatting for a while, he ended the call on his own initiative.

After hanging up the phone, Ling Yun got up and left the study, going to the master bedroom to rest.

When he entered the master bedroom, Leilei was still fast asleep, looking as charming as a begonia in spring slumber, sleeping soundly!

Seeing this, Ling Yun chuckled softly.

Then she quietly pushed open the bathroom door and went to wash up by herself.

A few minutes later, he came out of the bathroom and walked straight to the large bed in the center of the master bedroom.

When he reached the bedside, he gently sat down and then leaned over to kiss Leilei's cheek.

He then lifted the covers, lay down next to Leilei, and fell asleep embracing her increasingly sexy and exquisite body.

Before we knew it, it was noon.

In the kitchen, Lingyun, who had just gotten up and finished washing up, was having brunch with Leilei and Yanzi.

Today is Saturday, and neither of the two beauties has to go to work.

Yanzi didn't stay here last night; she only came over around nine o'clock this morning. She and Leilei prepared brunch for Lingyun together.

By the time Lingyun got up, they had just finished cooking.

While sitting down at the table to eat, Lingyun also chatted with them.

"Swallow, two members of the Hearst family visited the magazine yesterday. What was their assessment of the magazine's current state?"

Ling Yun picked up a piece of scrambled eggs and beef with his chopsticks and put it in his mouth, asking indistinctly.

"What else could it be? It's all envy, isn't it?"

"In today's terrible economic climate, even international fashion giants like Hearst have to tighten their belts!"

"Unlike us, we're still acquiring other fashion magazines, throwing money around without batting an eye. George and his crew are green with envy."

As she said this, Yanzi's eyebrows danced with pride, and she was so pleased with herself that she almost flew away.

"Haha, that's absolutely right, we've got plenty of money."

"The reason I arranged for George and his group to visit the magazine was to give these arrogant foreigners a good thrashing."

Ling Yun smiled and nodded, then got down to business.

"The magazine company has just acquired two second-tier fashion magazines, and I want to leverage these two new platforms to further collaborate with the Hearst Group."

"The Hearst family has access to a lot of top-tier fashion magazine resources. We can select some suitable magazines and launch them in China."

"We need to show the Hearst family firsthand that our magazine is powerful and has deep pockets, which will be beneficial for the upcoming negotiations."

"However, when importing fashion magazines, we must not make mistakes in guiding public opinion. For example, we must reject any content that promotes effeminate men or distorted aesthetics such as pale, young, and thin women..."

Just as he finished speaking, Ling Yun's phone suddenly rang.

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