January 4th.

Goldman Sachs headquarters.

In the trading department.

Many people watched the USD/JPY currency pair go short to around 105.900.

They couldn't help but admire the company's CEO, Mr. Paulson.

To know before this.

The reason why Smith Capital began to short USD/JPY aggressively.

Many people at Goldman Sachs want to be like last month.

Enter the market like Merrill Lynch, Lehman Brothers, etc.

They wanted to see if they could get a bite or two out of Smith Capital like they did last time.

But it was CEO Paulson who made this decision last time.

This time, the views of these people at Goldman Sachs were rejected.

Paulson didn't give a reason. He just used the authority of the CEO to get them to obey orders.

These elites at Goldman Sachs didn't understand this at first.

But now we see this bull-to-short trend, which is still a very rapid bull-to-short trend.

Everyone couldn't help but admire Paulson a little.

This would have been if Goldman Sachs had entered the market like other Wall Street investment banks.

The rush that other investment banks are now is going to be what Goldman Sachs is now.

Let’s look at the investment banks that were long before.

At this time, one or two of them were busy going long and short.

Everyone is trying to ensure that floating profits turn into profits.

It's not that easy.

Goldman Sachs avoided this and was able to watch from the sidelines.

Paulson's investment ability this time made everyone more convinced of him.

But in reality, Paulson is also secretly glad.

You must know that Paulson did not bring down Goldman Sachs this time.

It's not because of his investing abilities.

It's because Paulson is getting closer and closer to Texas.

Through some channels, I learned about Abel’s close connection with the Shrub family.

This guy wanted to give himself a way out and for his future development.

Paulson decided not to be an enemy of Abel as much as possible.

Avoid Abel's influence from affecting his future career.

This made Paulson decide that Goldman Sachs would not give up this time.

To put it bluntly, Paulson's decision this time is a bit selfish.

It goes against the interests of Goldman Sachs.

Unexpectedly, what might have been a bad thing for Goldman Sachs has now turned into a good thing.

Goldman Sachs, which has no end, does not need to be as busy as other Wall Street investment banks at this time.

Facing the awe-filled looks from his subordinates, Paulson felt very happy.

But with an enigmatic expression on his face, Paulson asked the head of the Market Supervision Department:

"What is the current account situation of the major investment banks and Smith Capital?"

The market surveillance department of Goldman Sachs is among similar departments throughout Wall Street.

It can definitely be ranked at the forefront. This department specializes in collecting capital market intelligence and various business intelligence around the world.

It has brought a lot of accurate business intelligence to Goldman Sachs, and indirectly brought a lot of profits to Goldman Sachs.

This also makes this department very valued at Goldman Sachs.

Goldman Sachs has invested a lot in it and has generated very good positive feedback.

The more resources are invested, the more excellent and accurate this department's business intelligence collection capabilities will be.

In response to a question from the CEO, the head of Goldman Sachs’ market surveillance department responded:

"Mr. Paulson. According to what we understand and observe."

"More than a dozen major investment banks, including Morgan Stanley, Lehman Brothers, Merrill Lynch, Bear Stearns, etc., have basically begun to complete the transformation from long to short."

Paulson nodded.

.

This situation is very common.

When the market is bullish, everyone likes to go long.

When the market is bearish, everyone likes to go short.

In normal times, it is too common for Wall Street investment banks to switch between long and short.

But what the person in charge said next surprised Paulson.

The head of Goldman Sachs’ market surveillance department said:

"But according to other information we have learned, in the second half of the market yesterday, Smith Capital closed all their short positions."

"And after that, Smith Capital established a large number of long orders."

"According to the information we have, Smith Capital has at least opened a long position of more than 20 billion U.S. dollars."

"Is Smith Capital idle too much?" Paulson asked in surprise.

"That's right." The person in charge of the Market Supervision Department replied.

Paulson couldn't help but frown.

Paulson at this moment is just like David Mellon yesterday.

I can't figure out why Abel did this.

The Federal Reserve has cut interest rates, so why does it still do more?

Although every time the Federal Reserve cuts interest rates, the currencies of other countries will also choose to follow suit.

As a result, the dollar's depreciation cycle is often only a few days.

Therefore, this short market will not last long.

But soon, it will usually have a short market that lasts for four or five days.

Four or five days is enough time to trade in the foreign exchange market several times.

In other words, at least visible to the naked eye within a few days.

USD/JPY will go short.

The short order that Abel established before still has at least four or five days of profit time.

As a result, Abel let these profits go and went long instead of going against the general trend of the market.

This is just like his previous shorting against the general trend of the market, which puzzled Wall Street.

Fortunately, Paulson was also determined not to interfere.

Therefore, whether Abel is long or short, it has nothing to do with Goldman Sachs.

He just asked the people from the Market Supervision Department to continue to monitor the market.

Goldman Sachs' indifference was mainly due to Paulson's personal reasons.

But other Wall Street investment banks will not sit back and watch this "good thing" indifferently.

Lehman Brothers Bank.

In the trading department.

Chief Executive Officer Mr Richard Fuld.

He was currently staring closely at a subordinate he was talking to on the phone.

The subordinate was talking on the phone in fluent neon dialect at this time.

Richard Fuld couldn't understand the neon language, so he could only wait nearby.

A few minutes later.
To be continued...