Wall Street Legend

The subprime housing loan-type packaged financial products in the CDO market have proven to be undervalued and their credit ratings have been watered down.

So much so that it was sold off like crazy on Monday, with a drop of as much as three points. Even though it was only a mere 3%, the impact was very huge. Just like the treasury bonds that were originally able to bring a four-year return rate, the profits suddenly dropped. There is only 1.5% left. Because the volume is too large, even the New York Stock Exchange, Nasdaq and other stock exchange markets have become red.

However, this sharp decline did not last long. It began to rise slowly after more than half an hour. After all, the subprime mortgage market did not really collapse. Speculators took over and the situation was quickly stabilized.

Let’s look at the major credit rating companies.

After a whole weekend of bombardment by the media, the scandal has taken root in the hearts of the people and has been directly reflected in the stock exchange market. For example, the market value of Standard \u0026 Poor's Corporation has plummeted rapidly, falling by 6% as soon as the market opened. Then it dropped further to 11%, which was equivalent to erasing all the gains in the past year and a half.

Moody's didn't fare much better. The drop was also as high as just over nine points, and it caused a panic drop, causing many institutions to scramble to close their positions.

In this case, Ye Dongqing ordered his people to close the network and bought a batch of stocks to fill the gap left by the short selling. The specific income cannot be estimated, but with the short selling of several listed investment banks and securities firms, The income in the future is expected to be around 400 million U.S. dollars, nearly half of which will be owned by Tamsui Investment Group, which indirectly means it will go into his personal pocket.

Even though the money was not much, it made Ye Dongqing feel quite excited.

The reason is that most of the time before, he just invested step by step, with no variables at all, but this time he created an excellent investment opportunity by himself, and he succeeded, so he felt even more fulfilled.

After all, I still lack experience. If I hadn’t planned this project in a hurry, my profit would probably have doubled!

The reason for their decline is not only due to scandals, but also the risk of a decline in expected profits as the subprime mortgage boom subsides. These rating agencies can bring down a country, but today they fell in the hands of Ye Dongqing Somersault.

It was a good thing worth celebrating, so Ye Dongqing opened a bottle of old wine produced in the 19th century, a bottle worth more than 200,000 US dollars, and called several company executives to taste it together.

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Behind every crisis, there is a tragic game.

Some people deeply agree with Ye Dongqing's evaluation, so they are willing to sell off subprime mortgage assets at low prices. Others feel that there is no problem in the subprime mortgage market at all, at least in the short term, so they take advantage of the trough period to increase their positions with all their strength, hoping to sell in the near future. Offer a good price.

This has caused the transaction volume in the CDO market to rise sharply, and more and more people are taking orders. It has rebounded a lot before noon, and is almost a point lower than last week, which is already within the acceptable range.

Some people lose money, and naturally some people make money. The results of this kind of thing cannot be seen in the short term. Therefore, even if some people lose a little now, they are not too distressed. In the end, they have successfully avoided possible risks and it is considered a purchase with money. Safety.

As for the credit rating agency, with the Securities and Exchange Commission's announcement, the stock price fell further. Over the weekend, a team had already conducted a relatively comprehensive investigation, and Ye Dongqing added fuel to the fire. Depending on the Securities and Exchange Commission's intention, it may be to introduce a The new rules have been revised to impose more restrictions on credit rating agencies.

This has nothing to do with Ye Dongqing. He had already closed his position and cashed out before eleven o'clock. Although he did not catch the lowest point, it was pretty good. If he knew that the Securities and Exchange Commission would react so quickly, he would definitely do it again. Wait, the main reason why we closed the position as soon as possible was because we were afraid of a sudden rebound.

Everyone who engages in financial business should understand that they cannot expect to accurately seize every high point to sell, nor can they expect to buy at the lowest point every time. Before investing, set a rough expectation and make predictions based on specific forms. Once you meet your psychological expectations, leave as quickly as possible and don't care about what happens next.

There are not just one or two financial tycoons and financial geniuses who died because of the word "black heart".

After dealing with this, Ye Dongqing left the company again, asked Laura to meet at the door, put on sunglasses and a hat, and went shopping together on Fifth Avenue.

Laura mainly bought things, such as bags, clothes, shoes, etc. There were only so many things that women like. Ye Dongqing had a private tailor to help, and the leather shoes were all customized. In the end, she only went to Patek Philippe to buy a watch.

In fact, Ye Dongqing is not short of watches. Rolex gave him a batch of all kinds of watches in the whole series. They wanted him to wear more of them, which was considered to help with publicity. Companies such as Jaeger-LeCoultre, Piaget, and Vacheron Constantin also took the initiative. I came to deliver a watch to him. There were so many famous watches in my house that I couldn't even put them down, so I specially customized a cabinet wall to display them, which also served as decoration.

In addition, because of his reputation, several companies that manufacture sports cars also value his reputation, and they spent a lot of money to build a limited edition exclusive sports car just for Ye Dongqing, so as not to leave it gathering dust in the garage.

Just like celebrities don't have to spend their own money to buy clothes and bags, Ye Dongqing also has the capital to be sponsored by others. What ordinary people worry about is that no one gives them anything, but what he worries about is that others give too much.

It is certain that if the news of his having a child spread, he would not even have to spend money to buy milk powder, diapers, etc.

Putting everything in the car, it's snowing again in New York, the weather is hit or miss in early February, and the long winter can be tiring.

At this time, I continued shopping with the umbrella in the car and went to a Japanese restaurant to eat sushi. During this period, Laura told me: “I just have money in my hand recently. Are you free to accompany me to look at houses in New York tomorrow? I have a house in London. The apartment you bought for me before, but I haven’t bought it in New York yet. It can be on the Upper East Side or Long Island where you live. It’s best to live in the Upper East Side. Living on Long Island is a bit inconvenient, but the air It’s better to be in a bad situation.”

"Why do you want to buy a house? There are so many rooms in my house that I need more than ten nannies to clean them. You can live directly with me in New York, or I can lend you the apartment in Puchuan Building. If you have money, you should listen to me. Use your opinions to invest and make money.”

Ye Dongqing sat cross-legged at the low table in the private room. In front of him was a portion of about ten fresh bluefin tuna fillets, placed on ice. There were also baby cuttlefish next to it, which could be cooked by yourself in a small oven, and eel rice. It’s also a must-order dish, along with ramen.

Japanese food restaurants with Michelin stars, let alone the taste, the dishes and the environment look quite pleasing to the eye. After eating in so many Michelin restaurants, Ye Dongqing is finally sure that the tongues of gourmets are different from ordinary people, and the food they identify is not necessarily the same. Just delicious.

What makes it difficult for him to let go is actually the hot pot restaurant and barbecue in Chinatown. Unfortunately, Laura can’t eat spicy food, so she can only come here to cope with a meal...