Chapter 288 – Goddess of Victory
Yeouido.
A peculiar phenomenon has recently been observed in the place called Korea’s Wall Street.
Took!
A cigarette butt falls.
Although there are people everywhere who inadvertently commit criminal acts.
“Fuck.”
“Fuck.”
“Fuck.”
A little too much.
The people who wear a toe in their mouth are throwing away a pile of open cigarettes.
The area around the bench has turned into a garbage dump.
Even if they look like a bunch of immature bullies at first glance.
“Fuck mother.”
“I don’t know if I’m playing stocks or gambling.”
“I’m not kidding, the odds of winning are higher if I play slot machines at Kangwon Land?”
Is an employee
I work here in Yeouido.
And Yeouido is the financial center of Korea.
Whoa~
In fact, it was not the cigarettes that were burning, but the insides of the brokerage officials.
The stock market has been hit hard lately.
“I’m just going to eat macros?”
“That’s easier said than done.”
“Now is not the time to really stock. If I were an ant, I would have deposited for a year.”
It has to be.
Institutional investors.
Like it or not, you have to roll the money.
I am trading as stable as possible.
‘Fuck the volatility.’
It’s a field that can’t even be eaten.
It’s unpredictable because it shakes at the level of a roller coaster.
If the volatility is so extreme, hedging does not work.
You can jump up or down at any time.
Fundamentally, it is undervalued.
However, it is a strange market trend where the downward pressure is too strong.
“I can’t even trust the fundamentals.”
“Yes…”
“If interest rates continue to rise as they are now, something in the economic system might explode.”
It deserves it.
U.S. Interest rate hikes.
If you are an investor, you have one trauma from that.
‘It’s not like a bank will collapse again, right?’
Black Monday 1987.
The dot-com bubble of 2000.
The 2008 subprime mortgage crisis.
It is a major event that has affected the economy of the United States as well as the world.
What do these three cases have in common?
“Well, it’s tough.”
“I didn’t upload that much…”
“It’s different from back then. The benchmark interest rate isn’t even 3% yet!”
It is said that the excessive austerity of the United States was the starting point.
When the US raises interest rates like crazy, one part of the economic system is broken.
‘That’s why there are conspiracy theories.’
Aren’t you doing this on purpose?
The purpose is to intentionally collapse the economy to strengthen the dollar’s hegemony and buy overseas assets at a cheap price.
Whoa~
Korean financiers cannot take this as a joke.
It is one of the countries that suffered real damage.
1997 foreign exchange crisis.
The story that the United States exploded to eat emerging market markets is still talked about.
“It must be 5% to explode or not.”
“5% is terrifying to even imagine!”
“If it’s 5% in a period of high national debt and leverage like these days…, It’s enough for an end-of-the-earth crisis.”
It’s not even that kind of crisis.
Nonetheless, financial people in Yeouido cannot help but tremble with anxiety.
Conditioned reflex.
Only those who know the taste of lemon will salivate when they see it.
“It’s not uncommon for banks to increase their loan loss provisions.”
“ERP is still below the average of the last 10 years.”
“You mean the stock risk premium?”
Know a lot
I also experienced many things.
It makes you hesitate to judge in important situations.
‘Again, like in 2011, the US national credit rating might fall.’
There are not just one or two elements of anxiety.
This is why being an expert and predicting stock prices are two different things.
“Yeah, not when buying stocks.”
“If you hit it wrong, it could end up like a puff pastry.”
“Puffed up?”
“There are people who used to talk about Nasdaq.
There are also nasty rumors.
Since the stock price has plummeted to this extent, it is not strange that failed investors come out.
‘They said that US stock funds are too hot.’
The US stock market has continued to rise over the past year.
Even while the Korean stock market is dying.
Funds that play US stocks have made huge returns.
Although I was envied by industry insiders.
Daily News− 「Amid the plunge in US stocks… , US funds that were doing well also ‘return rate'”
That’s when the peak is.
It was only expressed softly in the article, but in reality, it is not strange even if a person commits suicide.
“Looks like you have a lot of leverage.”
“Aww, crazy people…”
“It’s not the time for us to talk to others either. We have to be careful.”
An atmosphere of fear spread.
It hasn’t spread to investment banking yet, but there’s nothing wrong with being careful.
Percussion!
Kim Ik-soo, a seven-year prop trader, comes up to the company after talking with his friends.
Each belongs to a different brokerage firm.
But the view is similar.
The latest market is unpredictable.
I was just trying to catch my breath until the trend was decided.
“Are you making a rebound?”
“There are people who see it that way.”
“Who. Which analyst.”
The new guy on the trading team is talking nonsense.
Even the veterans of many years are in the middle of the day.
‘Well, among general traders.’
There are also some kids who do crazy things.
Because it is done with the money of the customer, it is the bottom line.
But a prop trader.
Manage the company’s money.
Make it a rule to never lose.
“That’s it…”
“Then who are you?”
“I’m not an analyst.”
“Trader? Or Economy?”
“I’m a YouTuber.”
“…”
You don’t know it at all.
The sense of the general trader days still remains.
‘I don’t know who instigated it.’
It happens often.
The stock market is sensitive to trends.
A celebrity’s remarks can also cause a sense of fighting spirit.
But once.
If you are a prop trader, you should look at the market from a conservative perspective.
〈nd place! Down up up down ♪ up! Down up up down ♪ 〉
It might change your mind a bit.
There was a difference in the way the assets were managed.
“Oh oh!”
“After this level of volatility, the trend should change.”
“I think so.”
Employees of the trading team.
Enthusiasm with one heart and one mind
It wasn’t just something to see as a joke.
─Egg Tart sponsored by 1,000 won!
What do you know brother say?
〈 The older brother also said that Powell is a falcon, so he won’t be able to maintain a hawkish tone for long. Of course, that’s not why I think so…〉
− Talk to your boyfriend
− Oh he changed his view too
−What is a dove?
−The one who is better at guessing than the puffed rice representative haha
A topic that came up during a conversation with friends.
I knew it from this show too.
‘Puffed up?’
No, not as far as I know.
The representative of the asset management company watched.
He is said to have given advice.
Now is the right time to buy stocks.
“I’ve heard and seen that story.”
“You haven’t seen it before?”
“Oh, it’s not like I didn’t see that… Hehe.”
Long.
The situation after becoming Wrong was as known to the public.
‘I can believe it when the CEO of an asset management company says it.’
Contrary to her appearance like a female cam, her subjectivity is clear.
It had its own view.
One more reason.
I wonder who the brother I know who gave the other side advice is.
“Is the trend turning?”
“He said he sees it that way.”
“I guess it’s too early…”
“That’s why it’s a hot topic.”
The latest chapter is unknown.
It’s like walking through a thick fog.
Someone who can pull it off.
As an investor, you have to respect it.
‘Well, it’s a story about being hit.’
I can’t help but care
* * *
Recent market.
“If our company has a large foreign exchange loss, there may be difficulties in negotiating the price of imported raw materials…”
Investors aren’t the only ones to die for.
Companies have also completely fallen into an emergency.
‘My country is especially like that.’
The US ranks second in terms of exports to South Korea.
No, the truth is overwhelming.
Most of the exports to China are intermediate goods.
It is processed and goes to the United States.
“Excuse me, but what is your company’s securities team’s view?”
“Ah, this is a conservative view. They say that the recent international situation is more unstable than expected.”
“That would cost a lot.”
“That’ll be it…”
What if the US economy is bad?
South Korea is destined to take a direct hit.
‘It is the Korean economy that survives this recession every time.’
They earn a lot in boom times and survive in stagnation.
Big companies do it well.
Because he was accustomed to
This is why Ohsung Electronics is holding 200 trillion won in cash assets.
“It’s definitely a situation that deserves a conservative view.”
“Ah yes…”
“I have a slightly different perspective. I wonder if there is a need to overreact.”
“Is that so?”
Companies below that do not.
I can’t hold on to the money recklessly.
‘I have to find the right line.’
Too many will leave you behind in the market.
Too little and it won’t survive a recession.
It is my job to judge it.
Use the reputation and connections you have built up.
“Because the US bond market has been frozen lately.”
“The bond market?”
“Yes, if you raise interest rates so rapidly, the bonds issued by the US government will not be sold.”
We provide investment advice for companies.
It is a business that benefits each other.
‘Companies save unnecessary money.’
I receive a portion of the profit as an incentive.
At the same time, inside information is obtained.
“So you’re saying that the exchange rate is falling?”
“I can’t give you a definite answer until then.”
“Ah…”
“A slight softening of the Fed’s stance will prevent global speculators from betting on a stronger dollar, which means the exchange rate will stabilize.”
“Ah!”
Man in front of you.
The face of the company’s chief financial officer (CFO) quickly turns red.
It sounds like you’ve heard what you want.
I also had a very meaningful time for myself.
‘Like this.’
Obtain inside information of each company.
That’s the real reason to be an investment advisor.
The true face of the Korean market.
In order to grasp, it is necessary to build on the inside, not on the outside.
Wow~
One thing was successfully completed today.
I am expanding my personal connections and achievements internally.
‘Rachel?’
It looks like shit
