Entering the market at this time is not a good time no matter how you look at it.

But both Abel and Buffett insisted on entering the market at this time.

PNC Financial Services Group, a solid ally of the two, also hesitated to try to enter the market.

Sullivan gritted his teeth and said simply:

"PNC will follow Smith Capital and make some investments, but it will not exceed half of Smith Capital's share."

It won't be more than half, that is, it will be lower.

Maybe not even a tenth.

It's like everyone here can say loudly, "I earn less than 100 million a year!"

Buffett ignored Sullivan because he thought this guy had poor vision.

The old man stared at Abel: "Are you really going to convert all your 600 billion Norwegian kroner into US dollars?"

"Of course." Abel smiled: "More than 72 billion, turned into more than 86 billion. I made a net profit of 16 billion US dollars."

"Shouldn't it be 14 billion?" Sullivanston was curious.

Abel explained: "After closing the previous futures contract position, after deducting the capital cost, there was almost a profit of about 2 billion US dollars. The total amount is about 16 billion US dollars."

Sullivan said happily: "That's two months, and the total profit is about 16 billion US dollars?"

"That's right." Abel smiled, "But this part of the funds is only a quarter of the company's own funds, and the rest has to be deducted from commissions and returned to the investors."

Having said this, Abel paused and looked at the two financial giants:

"Although this year will not be completely over for another three months, I want to tell the two shareholders good news, that is."

"This year Smith Capital's net profit has exceeded US$20 billion. In other words, I have completed our first year's bet."

Sullivan smiled happily and said, "I knew it would definitely not be a problem for you."

Even Buffett had a smile on his face.

But this is not the key. The three people continued to discuss the next "rescue" action.

In the end, no solution was discussed.

Mainly in this aspect, Buffett's investment philosophy is different from Abel.

Buffett likes to focus on value investments, selecting only a few that he thinks have investment value, and then directly investing heavily in them.

Abel wanted to diversify his holdings and buy hundreds of companies' stocks at a time.

Buffett felt a bit unreliable after hearing this.

Sullivanston decided to follow Abel again, but he would not spend any money.

In the end, Abel and Buffett decided to act independently and watch the companies they were optimistic about buying lows.

That night.

Smith Capital, Berkshire Hathaway, PNC Financial Services Group.

The three companies jointly announced that they would invest a total of US$130 billion in the US stock market.

Buffett and Sullivanston also accepted interviews with the "Washington Post" and "The American Sun" respectively.

The specific content of the interviews between the two men was different.

But there is one thing in common, that is, both giants expressed their optimism about the U.S. stock market.

And to put it bluntly, this is also Abel Smith’s insistence.

He also said that it was included in the US$130 billion bailout fund.

Abel and Smith Capital alone provided $90 billion.

The stock market had not yet opened the next day, so the two newspapers were sold out in many places, and sales surged.

After half past nine, the New York Stock Exchange opened.

The situation of plummeting as soon as the market opened for several consecutive days finally did not happen today.

The market has been trading sideways throughout the morning, and the stock market problems that have plagued the White House for several days seem to be about to pick up.

Then over the next few days, Americans saw Abe Smith walk the talk.

On September 22, Smith Capital raised shares in Microsoft, holding 6.6% of the shares, or 491 million shares.

After this big incident, Microsoft, whose highest stock price fell from US$4.05 per share to US$0.92 per share in a few days, finally breathed a sigh of relief, and the stock price began to stabilize and increase.

On the same day, September 22, Smith Capital also raised shares in Apple, holding 15.9% of the shares. Because about 10% of the shares were obtained in the primary market, it was only officially announced after buying 5.9% of the shares in the secondary market.

Raise a sign.

This is because according to U.S. stock regulations, if you purchase a single stock in the secondary market for more than 5% of the share, you must raise a sign to make an announcement, and a corresponding announcement must be made for every subsequent increase or decrease in holdings, until it is below 5%.

.

On the same day, Smith Capital also listed more than two dozen technology, IT, and Internet companies such as Cisco, Qualcomm, and Motorola, with shareholdings ranging from 5% to 12%.

It was announced that the total cost would be around US$9 billion, with 90% of the bailout funds remaining.

This makes many American leeks very dissatisfied.

The reason is that they feel that Abel Smith's behavior of only investing in the stocks of one type of company is not rescuing the market at all, but bargain hunting!

But for these companies, it is saving their market value.

At least after Abel invested, their plummeting market value was finally preserved.

September 23.

Smith Capital once again frequently raised its cards.

This time I changed the field.

In the five hours that day, Smith Capital listed General Electric, Ford Motor, General Motors, Deere & Co., Cummins, Caterpillar and other companies, each with a price of about 5%.

It also announced a cost of US$43.5 billion, of which US$17.2 billion was spent on 5% of General Electric's shares, leaving only 41.7% of the bailout funds.

These companies have one thing in common, they are all manufacturing companies that produce machinery, automobiles, and corresponding accessories.

The entry of Smith Capital greatly excited the stocks in the corresponding sectors, and the stock prices were held.

September 24th.

Smith Capital once again listed a number of companies, including Halliburton, Tidewater, Schlumberger, Dejuup, ACDC and other oil and gas equipment/service companies, all with 5%, costing about US$8 billion.

The remaining bailout funds are 32.8%.

September 24th.

September 25th.

On September 26, Smith Capital raised 5% of General Mills’ shares.

It was announced that the US$90 billion in bailout funds had been exhausted. At this time, the company held more than 5% of the shares in more than 236 companies.

And this week, under the supervision of Bai Fangfang.

Led by giants such as Smith Capital, Berkshire Hathaway, and PNC Financial Services Group.

There is also the reason why George Bush has shown a tough attitude of fighting tooth for tooth and blood for blood many times in his TV speeches.

There is also a rare unity between the two parties, which makes everyone realize that the United States is really coming this time.

The selling trend of American leeks has finally been suppressed.

After falling for a week, U.S. stocks finally began to recover.

After entering the end of September, the U.S. stock market slowly recovered.

Bai Fangfang naturally breathed a sigh of relief.

So we decided on the first day of October.

In the white house, we hosted a banquet for the financial giants who had cooperated this time.

As Abe Smith, who was on the front lines every day, he was featured in the headlines of various newspapers and magazines in the United States for several days in a row.

Naturally I got the invitation.

2001.

October 1st.

At noon.

Abel's Boeing 747 slowly landed and docked at Washington National Airport.

When Abel appeared at the plane door, he saw a group of people greeting him under the boarding stairs.

This is directly inside the airport, meeting him on the runway.

His excellent eyesight allowed him to spot Neil Bush and his beautiful and lovely daughter Laura Bush in the crowd.

Abel also saw a brand new Cadillac car with the stars and stripes behind the father and daughter.
To be continued...