My Fintech Empire

As of the close, the New Securities 50 Index plummeted again, hitting a negative line of -5.77%, closing at 1241.90 points after the market closed.

Falling from the historical high of 1575.05 points, as of today's closing price, it only took seven trading days for the NSE 50 Index's cumulative decline to reach -21.15%, entering the so-called technical bear market for the second time.

Before the black swan incident of WeChat's major shareholder illegally reducing its holdings, those who participated in the SGX were flattered, and most people made money.

But after this incident came out, almost everyone involved in the SGX lost money. Private equity was losing money, institutions were losing money, ETFs were losing money, large investors were also losing money, and small retail investors were also losing money. They were either losing money or on the way to losing money.

Anyway, investors participating in the SGX are almost collectively losing money in the past few days, because there is no restricted stock refinancing, and there is no securities lending business, so there is no short-selling profit to hedge, whether it is an institution or a small retail investor.

There is almost a consensus in the market that the reason why the SGX is plummeting is logic killing.

Because of the illegal holding reduction incident of WeChat, SGX actually adopted double standards. Before this result came out, the market generally predicted that Ma Su would be killed in tears. In order to maintain the authority and credibility of SGX, even if it knew that WeChat was accidentally killed, it would You have to kill them accordingly.

The market was looking forward to the scene of a hero cutting off his wrist. WeChat died heroically to protect the SGX. However, the result was that the knife did not dare to cut inward.

The reason why this incident had such a severe impact on the SGX market is that investors believed that its core logic had been subverted. So many people came over because they were fed up with the next door. As a result, you are no different from the next door. Just let these people People have broken their defenses.

For many investors, they immediately concluded that the logic of SGX had ceased and they should leave.

Not only did it kill logic, but the bubble in the NSE 50 Index also lost the support of confidence, and it also killed the bubble, directly performing a double kill.

…

The next day, Friday, April 29th.

The last trading day before May Day opened as scheduled. After two consecutive days of collapse, the NSE 50 index crashed and opened again today.

At 8:55, the call auction results came out, and the NSE 50 Index once again opened a huge downward gap with an opening price of 1213.39 points, opening at a low of -2.29%. When the market opened at 9 o'clock, there was another big dive.

Less than a minute after the opening, the 1200-point mark was easily broken down. At around 11 o'clock, the lowest price dropped to 1156.52 points, corresponding to an intraday drop of -6.87%. In just eight trading days, it fell from the historical high. After falling from 1575.05 points, the NSE 50 Index recorded a cumulative decline of -26.57%, which was the largest single-month decline since the index opened.

There was a slight retracement towards the end of the trading session, and the NSE 50 Index finally closed down -5.56% to 1172.81 points, with a full-day turnover of 161.2 billion.

In the past few days, due to the collapse of the market, the combined market value of all listed companies in the galaxy has evaporated to more than 5 trillion, which is undoubtedly an extremely astronomical figure.

All the major exchange groups and stock forums are filled with lamentations.

[It’s over, it’s over, it’s all over! ]

[There were seven negative lines in eight days, five of which were large negative lines, four super negative lines of more than 5 points, and today’s closing had three consecutive negative lines, all of which were declines of more than 5 points. Individual stocks have already fallen this much. It's explosive enough. It can only be said that the index has dropped so much. ]

[I saw a stock comment today: I was in a really bad mood. I passed by a weight loss store and I smashed its billboard. Don’t ask me why, it was just because it said “Never Rebound”! ]

[I am really speechless. The big meltdown at the beginning of the new year was not so cruel...]

[Standing guard at the top of the universe at 1500 o'clock, it's so cold. ]

[Audi goes in, Alto comes out; Buffett goes in, Hobbit comes out. ]

[I cried to death. The main board cut the line and chased the new certificate 50ETF at 1460 points. I was happy for a day, and then lost another 20 points. It's better to lie down on the motherboard and pretend to be dead, at least you won't lose another 20 points...]

[You have just left the den of thieves and accidentally entered the den of wolves. What a sin! ]

[Those who don’t trade in stocks are at least poor and stable. ]

[How can such a situation and such a market not make people despair and not suffocate...]

[Crying while eating noodles without turning on the light. ]

[Three major misconceptions in life: The stock market is going to rise, the property market is going to collapse, but she still loves you. ]

[God K betrayed us after all. He was indeed not the same person. He finally showed his true colors. ]

[No, I still don’t believe it. Such a change is really illogical and unreasonable. It’s too unbelievable. It’s also extremely uneconomical from a profit perspective. There must be something hidden. ]

[This is true, are you still lying to yourself? ]

[If God K did not betray, as is the case now, it can only explain that he has gradually lost control of the huge super business empire of Qunxing, or at least his control is declining. There are people underneath who are going against him and deliberately giving him Creating trouble……]

[It is possible. As long as God K does not betray, there is still hope for everything...]

[I’m still going to put this self-hypnosis aside. I’m stunned. It’s really better to believe that I am Qin Shihuang. ]

…

In the current A-share market, for the SGX and the SGX 50 Index, investors or investors who participated more than a month ago have at most experienced a huge retracement of profits, and some have almost touched the principal line.

But those who participated in this market in the past ten days would have lost more than 20 points if they had not run in time.

These people are also the most miserable. The two groups of people are not in the same mood. Those who entered the market earlier were distressed by the large-scale retracement of profits, while those who entered the market in the last ten days were desperate for the A-share market. Absolutely.

Because these investors generally came from the main board next door to cut off their positions. They had already lost money on the main board next door, and they kept lying down and pretending to be dead. After watching Fang Hong's live broadcast that day, they were as excited as if they had been given a shot. The next day, Big A cut off their positions on the main board when the market opened. Then they freed up funds and poured into the SGX, as if they had grasped a life-saving straw.

I thought this was stepping out of the darkness and embracing a bright future, but I didn't expect to fall into a deeper abyss. At least from the current point of view, this is how it looks on the surface.

These people are almost regretting it now. They regret not lying down on the main board and pretending to be dead. Although it didn't rise there, at least it didn't plummet so much. At least this way, they wouldn't be beaten from left to right. But then they came to the SGX and spent ten days there. In less than 20 points, I lost 20 points.

At present, these investors who have suffered huge losses are angrily cursing Fang Hong as the liar of the century, and his true colors have finally been revealed.

In this current season, Fang Hong's opponents are indispensable for secretly setting the pace. The trolls on the Internet are frantically claiming that Fang Hong has betrayed his followers.

Fang Hong is naturally aware of the turbulent public opinion from the outside world, but after all, he is a person who has experienced big storms and seen big battles. Faced with this fierce negative public opinion that is not good for him, he has always remained calm as usual.

Today is the last trading day before May Day. The incident has been brewing for so many days. Fang Hong has not made any public noise. He is just waiting for the closing of the last trading day before the holiday.

There will be three days of vacation later, so people will have enough free time to eat. In other words, this will be more conducive for Fang Hong's next sound to convey its influence better and faster.

…