Chapter 665: Carnival of Capital (Update, please give me a monthly ticket)
When China started the infrastructure mania mode.
A capital feast directed by Liu Tao remotely also officially kicked off.
Shorting Nikkei stock index futures.
The Japanese stock market and real estate market are booming. The price-earnings ratio of Japanese listed companies is now more than 100 times, and there are even more than 200 times the price-earnings ratio.
Everyone knows that the Tokyo stock market bubble is high and the risk is extremely high. Both the United States and Japan believe that the Tokyo stock market will plummet.
Since the year before last, some institutions have been constantly shorting the Nikkei stock index.
But the Nikkei index has continued to set new highs, and everyone's predictions have been ruthlessly shattered one by one. One by one, shorting Nikkei stock index futures has already exploded.
Some economists in Japan and the world have published articles that traditional economic theories are not applicable to Japan, and Japan is creating new economic laws.
The huge amount of funds shorting Nikkei stock index futures has been harvested by bulls one after another. Many investors and institutions have exploded and suffered heavy losses. News of people jumping off buildings has continued to appear in the media. Major futures sales departments remind investors to pay attention to investment risks and require investors to pay a 20% margin regardless of whether they are long or shorting Nikkei stock index futures.
Japanese cars dominate the world, and the electrical, electronic and integrated circuit industries are flourishing all over the world. The GDP growth rate is very high. The appreciation of the yen has not allowed Japan to reduce its trade surplus, and the Japanese people are full of confidence.
The previous encounter with "Black Monday" caused the Nikkei index to fall sharply, but the Nikkei index was also the first to recover among the major stock markets.
The Nikkei index has been showing a strong upward trend with large rises and small falls, and the trading volume has continued to increase, and long funds have entered the market enthusiastically.
This is a game between bulls and bears!
From the perspective of Japan, the Japanese economy is now thriving, and the stock and property markets are booming. The American big stick has not worked. Toshiba went bankrupt, and there are many companies like Toshiba in Japan. Japan's GDP exceeds that of the United States, Germany, France and the United Kingdom, and its GDP share in the world continues to set new highs, second only to the United States. With more than 200 billion US dollars in foreign investment, it ranks first in the world.
The reason why Liu Tao entered the market on a large scale at this time is because Wall Street in the United States also entered the market at this time.
Obviously, this bubble is big enough, and Wall Street is about to start harvesting. If Wall Street wants to harvest, he will naturally follow behind to harvest.
Sure enough, not long after, facing the soaring stock and property markets, the Bank of Japan issued a warning signal, raised bank interest rates for the first time, and adopted a tight monetary policy.
But Japanese companies and citizens were so intoxicated that they continued to invest in the stock and property markets.
Japanese securities investment institutions predicted that the Nikkei index would break through 50,000 or even 60,000 points in 1990, setting a new record.
But Liu Tao knew that this was destined to be a dream!
The lost decade, lost twenty years, lost thirty years, and lost forty years officially began!
He was not clear about the daily rise and fall of the Japanese stock market, but that was not important.
The general trend was that he only needed to short the Nikkei stock index.
Since the Plaza Accord, the yen has entered the appreciation fast lane, and the Japanese seem to be crazy. They no longer use funds to improve technology, update equipment, and cultivate workers' skills, but invest money in the stock market and property market. Japanese businessmen go around the world to buy, buy, and buy, as if they want to buy the whole world, so generous.
Japanese women are addicted to buying luxury goods. They buy 70% of the LV handbags on the market, a large number of high-end cosmetics, a large number of diamond jewelry, gold jewelry, and brand-name clothes.
Japanese dance halls and bars are crowded, open all night, and the business is booming. The Japanese are intoxicated by it.
Even the biggest bulls in the Japanese stock market are Japanese consortiums and Japanese people. They have made a lot of money and think that they have defeated Wall Street and Japan is invincible.
The Japanese stock market and property market will continue to rise forever!
But they don’t know that the Americans have raised the sickle to cut the Japanese leeks, and at the same time, another sharp sickle has entered the market.
The two major forces have led a large number of international hot money to enter the market to short Japan.
From the beginning, the bulls and bears entered a fierce fight, and the two sides fought hand-to-hand and refused to give in.
This fight lasted for two weeks.
Finally, the bulls could no longer hold on.
The Nikkei index fell by 1.2%, which seems not big, but in fact the downward trend of the Nikkei index has been determined, and the general trend has been determined!
In just one week, the Nikkei index fell by 10%!
Japanese economic experts believe that this has fallen to the bottom, and the Japanese stock market will rebound from the bottom.
But in fact, this is undoubtedly too optimistic.
In the new week, the Nikkei index fell by 10% again!
The Nikkei stock index dropped from the highest peak of 41,000 points to 33,210 points, a drop of 7,790 points in two weeks, a drop of 19%.
The drop is so large that it has exceeded the previous "Black Monday".
It's just that the "Black Monday" at that time was a two-day plunge of 4,400 points, a drop of 17%, which was fierce!
And now it's falling!
It seems that there is no sign of bottoming out!
Some people choose to cut their losses and leave the market, and stop losses in time.
But more Japanese consortiums and Japanese people are red-eyed, choose to continue to resist, and look forward to the government to rescue the market.
However, the Japanese government, which was highly expected, did not rescue the market, but continued to issue warning signals, raised interest rates again, and contracted funds.
It's not that the Japanese government doesn't want to rescue the market, but it doesn't dare to rescue the market!
The US Seventh Aircraft Carrier Group is cruising in Tokyo Bay, and the US military bases in Japan are carrying out friendly activities.
How can the market be saved?
There is no way to save the market!
I am afraid that if the market is saved now, there will be earth-shaking events.
In this case, shorts are reveling, longs are liquidated, and the entire Japanese stock market is falling. I don’t know how many people have gone bankrupt and jumped off buildings.
Every day in Tokyo, people jump from the top of high-rise buildings.
I don’t know how many people choose to end their lives in this way.
In this case, Japanese women no longer dare to spend lavishly on various luxury goods; Japanese men also became honest all of a sudden and no longer went to the red light district every day.
There are countless people who choose to get drunk every day and numb themselves with alcohol.
In five weeks, it fell from 41,000 points to 24,210 points, a full drop of 16,790 points, a drop of 41%!
The bubble of the Japanese stock market has burst!
Stock market crash!
A real stock market crash!
This is equivalent to the Japanese wealth evaporating by 41% in just over a month!
This is not the previous bulls and bears fighting and fighting, but the stock market plummeting!
The bears are reveling and plundering the wealth of the Japanese.
This means that in just less than two months, the Japanese have lost 272.14 trillion yen in wealth. According to the current exchange rate between the yen and the US dollar, it is equivalent to 2.367 trillion US dollars evaporated in less than two months!
And looking at the current situation, I am afraid that the Japanese stock market has not fallen to the bottom.
This is the tragedy of the Japanese, and countless Japanese are wailing.
But this is a carnival of international hot money. As the saying goes, if you don’t open for three years, you can eat for three years after opening. This means that at this time, this is a capital feast. Everyone is carnival-like cutting the meat of Japan, eating the meat of the Japanese, drinking the blood of the Japanese, and having a full meal!
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