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American Fortune Life - Chapter 1694

Published at 7th of November 2021 07:56:20 AM


Chapter 1694: 1694

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There are many people in this world, but there are only two kinds of people at the bottom of the knot, one is leading others to do, the other is following others to do.

That is to say, if you are not the protagonist, you are the Dragon suit.

"Bank of America no longer needs more federal funding, and expects to generate nearly $50 billion in pre tax profits and $100 billion in operating income in 2009."

"This shows the turning point of the bull market. At least, we are in a bear market rally, which is bound to last for some time. So this is not a time to sell short. "

"We can't still stand in the sad atmosphere. It's time to see something positive."

。。。。。。

"There is no clear reason for the stock market to rebound. If the trading continues like this, it definitely indicates that the stock market will have another round of heavy losses."

"The Federal Reserve, the Treasury and other central banks in other countries and regions have launched a major attack, but the impact is very small, people have gradually lost confidence, and the uncertainty has greatly increased."......

On March 10, the day after the strong rebound of U.S. stocks, Andy watched the contents of major U.S. newspapers delivered in the morning, and couldn't help chuckling and shaking his head.

The big talk bulls and the bad talk bears began to quarrel as he imagined.

Especially when Andy saw an interview about the stock god Buffett once again sending out a bold statement to copy the bottom, supporting the U.S. rebound to the bottom, and the stock market ushered in a turning point, it was also quite unexpected.

"There may be a lot of opportunities for the United States in the future." Although he has been severely hit by the current financial crisis, Buffett, the "God of stocks", still makes bold remarks, saying that it is time to copy the bottom of the United States.

At this time, Buffett came out and made a bold statement to copy the bottom, which is quite interesting. After all, Andy Smith, who has become a "new hero", yesterday was a rally horn, a support, or a follow-up?

As for how the outside world spits on Warren Buffett's idea, Andy is not interested, but is very happy to see it.

Yesterday's strong rebound really doesn't mean that today's strong rally will continue. Instead, today's rise and fall of U.S. stocks has become a key turning point.

There is no doubt that Warren Buffett's influence is undoubted. Although his reputation has been affected by the previous "bottom copying" failure, the industry position and influence he has been touted for decades is really not something Andy can replace overnight.

Although there are few economic data and company news that can affect the market in the major media today, the global stock market is also surging under the stimulation of yesterday's surge in US stocks. Stock markets in Asia Pacific and Europe have also seen a rebound, and some have seen their biggest weekly increase since the end of November last year.

However, when the U.S. stock market opens at dawn, the trend of the U.S. stock market on the second day after the rebound is the focus of the world, and all investors are most concerned about whether the market can continue the rise of the previous trading day.

Has the U.S. economy really recovered?

Or is it just a bear market trap?

On March 10, the day received more attention than even yesterday's strong rebound. Andy also knows this. Only the continuous rise of US stocks can trigger herding. Investors all over the world like to chase up and kill down.

"Honey, although the stock market rebounded strongly, gold fell below $900."

Ivana walked into the study with two cups of coffee, put one on the desk in front of Andy, put the other on the side, and then sat on the boss's chair beside Andy, softly reminding her.

"It's OK. Don't worry about the trend of gold." Andy turns to look at Ivana, smiles, reaches for her hand, kisses her on the back of her hand, and continues to explain: "don't worry, the strong rebound of the stock market is the main reason for the fall of gold futures.

In recent years, the risk aversion characteristics of gold futures are very obvious, it is weaker with the trend of the US dollar exchange rate, but closely related to the rise and fall of the stock market. The rising stock market attracted some funds to withdraw from the gold futures market.

As soon as QE comes out, the dollar that has been rising will fall, and then gold will come out of a beautiful curve. "

Hearing Andy's explanation, Ivana's beautiful eyes brightened slightly and smiled sweetly. Looking at the financial briefing on the computer monitor, she asked hesitantly, "honey, do you think today's stock market will still maintain yesterday's strong rebound?"

"It's hard to say that the key is the energy sector. It's not a little bit of drag on the market. If the banking and financial stocks don't work hard, they may move in a narrow range. If they can't overcome the market's doubts strongly, they are likely to stop the rise and turn down...

To be honest, I don't have much assurance now. Pessimism prevails today. I can only see the strength of Washington. I'm sure aoguanhai won't miss this opportunity. Polls show that his approval rate has been nearly 8% since he took office more than 50 days ago. I believe he is more anxious! "

Andy also said with a dignified expression that he knew his own business. Yesterday, he spent more than 10 billion dollars, one-third of which was on buying back the stocks of Qualcomm, Starbucks and Giles clothing, and one-third of which was on Wal Mart and Amazon. Only one-third of the funds actually distributed to most listed companies.This includes Coca Cola, IBM, Google, apple and other companies. He said it would cost 10 billion torrs. He didn't buy all of them. Bank financial stocks only bought shares of Citigroup and Goldman Sachs. He didn't even touch other bank stocks.

At 9:30, in the eye-catching expectation, the U.S. stock market opened. What makes most people happy is that, driven by Citigroup, Bank of America, Mg chase and other banking stocks, the Dow Jones index rose all the way to the 7000 level in the early morning.

In addition, the share prices of HP and Apple also contributed to the strong growth of technology stocks. However, the performance of energy and medical sectors was very poor, dragging down the market's gains.

In any case, if we can continue yesterday's rally, we will mobilize the enthusiasm of a large number of investors and let more money flow back into the stock market.

"Well, honey, that's all for the time being. Take a rest, too. It's too long." Andy looked at the rising stock index, the green more red less picture, but also a little down, this has been sitting beside, with his Ivana soft voice said.

It's true that Ivana, with a growing stomach and a little uncomfortable sitting, nodded with a smile and said softly, "then you're busy. I'll monitor the fetal movement."

As soon as Andy's eyes brightened, he quickly stood up and supported Ivana, saying, "I'll accompany you."

"Ha ha, no need. You should be busy first. When you are monitoring in the evening, you can watch the baby kick me." Ivana said with a happy smile, her beautiful eyes narrowed into crescent moon.

"Well, then be careful --"

and Andy helps Ivana out of the study. The woman nurse on the sofa in the corridor sees Ivana come out, stands up quickly and holds Ivana.

"All right, you go in." Ivana waved Andy back to her study, and she walked slowly down the stairs with the help of the nurse.

Andy watched Ivana go downstairs, then turned back to his study, closed the door, went back to his desk, looked at the time, opened the video connection.




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