After the Lantern Festival, Yang Jing and Princess returned to Yanjing. Princess continued her unfinished studies, but there was actually not much to learn, mainly preparing papers and defenses.

As for Yang Jing, in addition to preparing the paper, he is taking time to return to the past time and space. Entering the 21st century, especially in the first ten years of the new century, there are too many black swan markets in the international financial market. If he does not grasp these black swan markets, Yang Jing feels sorry for himself.

The first thing to bear is international crude oil prices.

After more than 20 years of a big bear market, when international crude oil prices entered the first decade of the new century, they finally ushered in a shocking bull market. In just a few years, the crazy surge in international crude oil prices almost made everyone dazzled!

While international crude oil prices surged, some of the economic disadvantages accumulated by the United States after the new century became more and more serious. Finally, the subprime mortgage crisis that affected the world broke out in 2007. The wide range of impact of this financial crisis and the long duration were beyond everyone's expectations. Similarly, this financial crisis also gave the global economy a wake-up call.

With the outbreak of the subprime mortgage crisis, the international gold price also rose rapidly as if it had eaten Viagra. Although this wave of rising market lasted far longer than the bull market in 1980, the rise in gold prices this time was even more crazier than the bull market in 1980!

This is the three largest black swan markets in the world's financial market as we entered the first decade of the new century. Of course, under the influence of these three largest black swan markets, countless small black swan markets have also appeared in various countries. For example, after the outbreak of the subprime mortgage crisis, the Dow Jones Index plummeted 40% in just one year, and countless stocks have halved their stock price.

Because of the subprime mortgage crisis, the bankruptcy crisis broke out in Greece, which also affected major European stock indexes.

There is also the black swan market such as the bursting of the Internet bubble and the collapse of the Nasdaq in the early new century.

It can be said that after entering the first decade of the new century, the international financial market is almost everywhere, it depends on how you pick it up!

The first time node for Yang Jing to return to the past time and space was February 2000, just one month passed since the last Millennium Annual Meeting of the Dragon Fund.

"BOSS, we thought you were out for treasure hunting again, but we didn't expect you to come back in such a short time." Seeing Yang Jing appearing in the office, a group of senior executives of the Dragon Fund came to meet, and Henry Williams teased Yang Jing when they met.

Yang Jing laughed and said, "I want to find more gold, but if I give Mike more gold, I'm afraid Mike will fight me..."

Old Mike smiled wryly and pointed at Yang Jing, "Cole, you'd better not bring me gold again, I'm already scared..."

Everyone burst into laughter.

Yang Jing waved his hand and said, "Mike, don't worry, I won't pull gold for you recently, so you don't have to worry about how to dress up those gold all day long."

After a pause, Yang Jing looked at these important subordinates and continued: "Secondly, I came here this time mainly for the Nasdaq Index."

Hearing this, Cesar's eyes immediately lit up, "BOSS, are you going to take us with you again..."

Looking at Cesar's longing look, Yang Jing nodded slightly, "Guys, I don't know if you can see that the current Nasdaq index is very dangerous."

David Anderson nodded and said, "BOSS, we were discussing when to establish short sellers just now. The Internet in the United States has been so popular in recent years. This level of popularity is even more popular than that of the Japanese real estate market ten years ago. But, the current Internet companies have not found any practical way to make profits, so such a hot Internet market is simply a sudden blast."

Cesar also said: "David is right. Before the Millennium Annual Meeting, David, Niam, Henry, I have been discussing this matter. The bubble in the Internet market is too big. Once it bursts, it will cause disastrous consequences. But we are specializing in speculation. How can we let go of such a good market?"

Niam nodded and said, "We have all agreed with the bubble in the Internet market, but we have not yet formed a unified view on the fact that this big bubble is suitable for bursting. Cesar and I believe that this huge bubble can not last long, but Henry and David believe that this bubble can last for at least half a year. BOSS, you have done it, we need you to give us a definite answer and an exact time point."

Henry said to them: "Don't forget that we have also made a lot of profits in the process of this bubble generation. The stocks of the Internet companies we have in our hands have made us more than 100 billion US dollars in net profits in the past few years! I think the bubble will burst, but it won't be too fast. Judging from the current momentum, I think it will not be possible to collapse until at least the second half of this year or even the end of the year."

"Henry, I think your understanding is too dangerous, just as dangerous as the current Internet market!" Cesar retorted firmly.

David on the side said, "Cesar, what you said is too arbitrary..."

Obviously, although these four giants have seen the huge bubble in the Internet market, they have not formed a unified opinion on when the bubble will burst. Moreover, it seems that the four of them have been arguing for a long time.

Old Mike coughed, and the four of them stopped arguing, but looked at Yang Jing in unison.

Yang Jing touched his chin and then said, "You, it is a good thing to argue. There is an old Chinese saying that "the more you argue, the more you become clearer, the more you argue, it means that everything has both positive and negative sides. How to choose the right side to avoid the wrong side requires brainstorming. Therefore, argument is a good thing, but it should be done in time."

Old Mike smiled and said, "Cole, don't keep it here. For more than a month, Omandan and I have almost been confused by the four of them."

Amanda, who was standing beside him, nodded with a wry smile.

"Okay, since your debate is about when the Internet market bubble will burst, I will tell you my judgment! I think we can establish short positions now, and according to my judgment, the highest Nasdaq index will not exceed 5,200 points!"

"5200 points? BOSS, your judgment is too conservative, right? I think the Nasdaq index can break through 6,000 points!" David said his judgment very directly, and Old Mike and Amanda shook their heads secretly. They all know that David has a high IQ and a low EQ, and it seems that it is true now.

However, Yang Jing would not be unhappy because of David's rebuttal. He just said lightly: "The reason I say this is because you can doubt my judgment, but you must operate according to my requirements."

David Anderson opened his mouth and finally nodded with a bitter smile.

"Guys, the Nasdaq index has now exceeded 4,800 points. I think there is no room for the Nasdaq index to rise, so we can start shorting backhand! And it's not just the Nasdaq index, the Dow Jones, the S&P index, and major European stock indexes can start to establish short positions. Well, as for the time, it's set before March 5! This market will be a market that lasts for more than two years, so Cesar is responsible for this trading."

After a pause, Yang Jing looked at the other three people and continued: "Henry, I have already made a list here, which contains stocks that we need to sell before March 5, and some stocks that we need to absorb in the market after the bubble burst. Guys, this time the Internet bubble burst will eliminate more than 70% of the Internet companies. At the same time, the Internet companies that can persist in the process of this Internet bubble burst will become real gold. I need to control more stocks of such Internet companies!"

As Yang Jing said, the inevitable burst of the Internet market bubble this time is an extremely cruel elimination process. In the early stage, under the speculation of those brainless investments and speculators, most of the Internet companies whose stock prices have grown in abnormal state will be eliminated. Only those Internet companies with clear development goals and whose survival has grasped the fundamentals can persist in this cruel elimination process.

Of course, these companies will eventually become real IT giants, and these companies are Yang Jing’s goal!
Chapter completed!