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Looking at the performance of various Asia-Pacific stock markets, generally speaking, they are getting better. India rose by more than 20% last year, Thailand rose by nearly 20%, China's Shanghai, Shenzhen and Hong Kong Island rose, and places like Singapore and Australia all improved.

The reasons are very complex. When analyzing South Korea and Thailand alone, the rise in the KOSPI index is unexpected. The capacity of SET is too small and most of the increase is stimulated by the real economy, which is relatively stable.

The Korean market has also reached a fork. To use the analysis conclusion in the circle to explain, the data is good, but the pressure is huge. Now the KOSPI index has been oscillating upward in the golden cross area. If this tone is suppressed, history will repeat itself. There is no chance of a fanatical charge.

There are also a lot of pressures. There are political and military conflicts in China. South Korea’s business in China is gradually shrinking. There are also problems in entertainment, tourism, and manufacturing. However, due to the support of the securities market, the end of the year may be better than expected. data.

North American institutions participate in the long trade in the Korean market not only because they see opportunities, but also because they have political intentions. Koreans are not stupid, and they must keep their securities market improving.

The securities market is improving, asset valuations are high, the inflation rate is increasing, money circulation is increasing, the people are sharing the benefits, stimulating consumption, stimulating the real economy, and pushing the securities market to improve. This is a virtuous cycle.

Therefore, financial institutions are very clear that the Korean government needs the KOSPI index to rise, but they will definitely take action at a certain point to prevent the securities market from overheating and causing risks to get out of control.

Bulls such as Goldman Sachs, MIG, Wells Fargo, and Han Li are financial institutions. Their profit-seeking nature makes them think differently from the authorities. If the market can rise out of control, they are not unwilling to try.

The Thunder are bearish on the market outlook and have the upper hand from a technical perspective. The KOSPI index has risen by 16% in just two months. It has become a mad cow. At this moment, the pressure of profit-taking is huge. Three years old Kids want it.

But if you look at the KOSPI index from a PE perspective, you will be surprised to find that the data does not deviate too far.

On the premise that the stock market is rising, the proportional changes in price per share and earnings per share have not deviated from the track. What the hell is this? The answer is the depreciation of the won.

The overseas business of Korean companies accounts for a very large proportion. The depreciation of the Korean won is equivalent to the US dollars they originally earned. When converted into Korean won, it is a number. When the Korean won depreciates by 1%, the income in this area will be almost 1% more, and then the PE will be 20 times , this 1% can support 20%, and if the overseas business is 50%, it can support 10%.

Similar financial operations have deceived the market. Thunder cannot find much exposure to shorting the South Korean won in the foreign exchange market. The reason is that they are too lazy to cover up, and every step of the operation is clearly laid out.

The result of the matter is that South Korea's foreign exchange reserve system loses money, but bond holders and debtors "make money", and savers lose money... A series of financial exploitation techniques operate smoothly.

Appropriate inflation rate and appropriate currency devaluation are a good solution for South Korea's current economy. Then they suddenly discovered that the economy of the Republic of Korea was improving, Smecta.

Currency devaluation? What is that? As long as the economy improves, this issue will not be a problem at all. As long as this positive situation is stabilized, the market outlook will be promising. As for the financial system bearing greater risks, that is the government's business. If the situation is not good, everyone will Can the president be impeached?

Bloodthirsty capital exploits ordinary people legally and compliantly, because the laws and regulations are almost written according to their will.

When the economy improves and inflation occurs, financial institutions strive to convert currency into assets; when the economy deteriorates and deflation occurs, financial institutions strive to convert assets into currency.

The conversion of assets and currencies is a means of exploitation, but in general, it depends on vision. Take China as an example. You can see clearly. If you exchanged all currencies into assets ten years ago, then go and see. Do those who save money in banks feel a sense of superiority?

Lei Hao's voice is: In the short-term financial cycle, the Korean market should enter the adjustment and downward channel, eliminate systemic risks, and then... pay the price.

Lei Hao's opponents said: This is not a small reincarnation, but a big reincarnation. The Republic of Korea is brave and invincible. We can bear the mere risks. I want to continue to rise. As for things that will increase the risk if it rises again... Anyway, the one who dies is the last one. Voucher holders, wouldn’t it be great if you don’t become the last holder of vouchers?

The market on Monday seemed to be calm, but the Thunder's bullish position in the Korean market was rapidly reduced, directly reducing the risk exposure from 40 billion to 34 billion, which means that the possibility of them being bearish on the market outlook has increased sharply.

In the Thai market, the SET index fluctuated, and the exchange rate of the US dollar to the Thai baht was at 34.0300. This side is normal. The Thunder holds the Thai baht and buys futures contracts in which the Thai baht is exchanged for the US dollar. It seems to be hedging, but in fact it hopes to create momentum to lower the value of the Thai baht. , and then secretly collect more currency.

However, the capacity of the Thai market is not large, and it is destined to attract a lot of attention from the Korean market. Its victory or defeat will not have any impact on the overall situation.

What everyone wants to see most is the Thunder's confrontation with the bulls in the Korean market.

"From a technical point of view, I have the initiative, but my opponent has the ability to influence fundamental information. In comparison, it is a matter of victory or defeat." In two years, one project after another, and one operation after another, Lei Hao's The growth rate is also very fast.

No matter how stupid you are, if there are countless projects for you to participate in, coupled with the assistance of future information, as long as you are willing to work hard, you can certainly learn enough knowledge and experience from them.

Lei Hao felt tired before because of lack of knowledge and experience. Now he feels tired because there are too many things to do. But gradually, through a lot of practice and learning, he also began to embark on a path that suits him best.

Possessing future information, something that is a variable to others, is a certain quantity to Lei Hao, some variables that can be manipulated by established institutions, but Lei Hao cannot control, and the advantages and disadvantages cancel each other out, but he can follow the changes. Being on the right path is the prerequisite for creating miracles.

"There has been a change." Looking at the newspaper in his hand, Lei Hao felt a little helpless. "Originally, South Korea increased its economic growth forecast by 0.1%, but now it remains unchanged. Does it not want me to close my position smoothly? Or is it accumulating? Variable? Or...a calculation?"

Economic data can be revised. For example, the three brothers in India have many methods of statistical economic data, and there have even been jokes that the data they released were denied by the market.

Although South Korea has low self-esteem and arrogance, their credibility in the financial field is still good. The credibility of economic data is relatively high, but as long as it is a man-made thing, there is room for manipulation.

Economic growth remains unchanged even as business with China shrinks, which is a positive in itself.

However, Lei Hao knew that this data should not remain unchanged, but increase from 2.5% to 2.6%. In November, the end of the year, Smectas said that they would expand their strategies, which was originally a stimulus to KOSPI.

Now that the excitement was gone, Lei Hao could see that his opponents had begun to be cautious, and they had quietly accumulated information that should have been released.

If he hadn't known it in advance, Lei Hao's analysis would have been wrong. Now, he could see the name of the Korean authorities quietly appearing on his opponent's list.