The stock markets in London, Frankfurt, Tokyo and other places have fallen by more than 10%. The stock market crash was more severe than last year's meltdown in the US stock market. The New York Stock Exchange was once preparing to close.
The Hong Kong Stock Exchange was closed for four days, October 20, the second day of the stock market crash. When everyone was in lingering fears, Steve Cohen threw 50 million dollars directly into the stock market.
Suppressing the rebound of US stocks that morning, US stocks pointed out the decline and rebounded rapidly in the following two days. The Dow Jones index rose by 300 points. Cohen became famous in the first battle.
But compared to his subsequent performance, this investment can only be regarded as an appetizer. After becoming famous, Cohen established his own hedge fund, Sec Capital in 1998 and 1999.
The rate of return of Sec Capital has been close to 70% for two consecutive years. In 2000, due to the successful prediction of the bursting of the technology stocks bubble, we shorted the US stocks ahead of schedule. When Soros waited for a lot of big losers.