Chapter 373 Big Crash! Unstoppable!
March 13th is affiliated to the winter season.
The opening time of Nasdaq Monday is from 10:30 am to 17:00 pm Eastern Time.
Today, as usual, a large number of investors have flooded into the Nasdaq exchange, many of whom are crazy, but there are also many people with worry.
"It's open!"
I don’t know who shouted in the crowd, but it doesn’t matter. After the two-day closing of Saturday and Sunday, Nasdaq opened again today.
"I must buy more stocks." An investor made up his mind secretly.
However.......
boom!!!
The Nasdaq is in red!
(The green line of US stocks represents rise; the red line represents fall.)
There is no doubt that as soon as the Nasdaq opened today, it almost went all out!
It fell!
And it was a big drop and a special drop!
"No...this is impossible?!"
An investor who had invested a lot of money earlier showed horror and shouted: "How could it fall? And it was a big drop? It's impossible, this must be the market's adjustment."
That's right, the stock prices of Internet and technology stocks listed on Nasdaq are almost falling at an extremely rapid rate.
Yahoo, Amazon, Cisco, Dell and other most popular stocks in the past have now suffered large-scale sell-offs.
"What?"
"Just just opened, I lost dozens of points in the index!"
"No, today's stock market is going to be bad~"
Investors who invested a lot of money in Internet and technology stocks were suddenly panicked. You should know that before, Nasdaq had not been facing a decline in stock prices, but like today, it was almost the whole line of red and downward situation, which many people even had unheard of.
Shocked!
On the other hand, the investment banks on Wall Street are even more eager to take their eyes off.
"Damn it, move faster!"
A person in charge of Goldman Sachs Investment Bank yelled at the employees under his command: "Now you must hurry up and sell all these damn stocks!"
"Yes." The employees responded loudly.
Dongdongdongdongdong~
The executives of Goldman Sachs Investment Bank, who were sitting leisurely in the office in the past, rushed out of their respective offices at this moment.
John Quttaborgs and other executives looked at each other.
"We have expected the worst, but the development of the situation has completely exceeded our expectations."
John Quttaborgs said in a deep voice: "But no matter what, we are Goldman Sachs! You are all warriors who have been through the battlefield. This difficulty cannot defeat us, nor can you crush us."
Having said that, his words were strong enough, but John's eyes were... extremely scarlet at this moment.
They suffered a huge loss this time.
"Damn it~ Group 2, Group 3, urgently dispatch!"
"Yes, there is not enough manpower? We must not be short of manpower. I will contact you immediately and be sure to sell all the stocks in the shortest time."
In fact, major investment banks can now short the stock market and stop losses in time.
but!
But now, where do they have this skill?
If you don’t sell these stocks out as soon as possible, you will definitely be in your hands, and the loss will be huge.
Goldman Sachs is taking action and performs timely stop loss operations.
Morgan Stanley, Bear Stearn, Lehman Brothers, and Merrill Lynch, the five major investment banks on Wall Street, are all selling stocks urgently.
"Damn it, the loss this time is huge!"
"We have invested no less than $9 billion in Internet and technology stocks!"
"If I had known today, why should I have to be the first? I said at the beginning that I should sell it quickly and choose to put it in my pocket. But... you don't listen and take my words as farts. Now you know how to regret it? What are you going to do earlier?!"
"Soft, you'll say less sarcastic words. Is it time to discuss these?"
"Selling, you must sell it clean as soon as possible, otherwise it will soon turn into junk stocks."
Investment elites, looking at the falling stock prices of various listed companies, their hearts are bleeding!
Microsoft is the world's largest giant company with the largest market value.
Now under the bubble, its market value has been lost in less than an hour, and it has directly lost US$40 billion.
Cisco, Amazon, Yahoo, Dell, HP, Oracle...
The stock price of these top giants' companies is completely beyond everyone's judgment.
"The current situation is even more terrifying than we expected, no, much terrible!"
"This is a nightmare!"
.........
Great wind capital.
Hiss ~
Whether it is Zhuke, Anthony Chelop, or every employee of Dafeng Capital, they are still scared at this moment.
Who made Dafeng Capital escape early?
Otherwise, today would be miserable.
For a moment, many people couldn't help but focus their attention on Zhuke.
Why did Henry Jugenberg, a financial genius, leave Dafeng Capital angrily?
"If I had really believed Henry's investment advice, then we are now..." An executive could not continue to say anything halfway through his words.
"This situation is so terrible!"
Anti Chelop's pupils shrank and gritted his teeth and said, "I have devoted myself to Wall Street finance. I am used to the storms, Asian financial crisis, Cuba crisis, Chilean silver crisis, and Mexico's financial circuit breaker. However, like today... I have never heard of it."
Compared with today's Nasdaq, what is the financial storm that swept across Asian countries in 1997?
2 hours!
It only took two hours to open the Nasdaq today, and it had lost more than US$300 billion!
Man, this is $300 billion!
Many people only feel their heart stop beating at this moment.
The amount of losses, the speed of decline, and the coverage range are so wide. Today's Nasdaq can be called the first in history!
"hehe!"
After a sigh, Zhuke laughed loudly: "Guys, it's not a time to be glad that we can get out in time, but it's time to do a big fight!"
“Yes, boss!”
Short selling!
At this time today, you will definitely do it accurately, not to mention that Dafeng Capital is holding a huge amount of cash in hand now.
Zhu Ke is happy.
However, many small and medium-sized investment banks collapsed in this crisis!
"It's over!"
A small investment bank boss sat on the ground, his hands tightly clamped his head, his eyes were red, and he roared: "Everything is over!"
After all, his investment banks are not the top five investment banks. They can use enough manpower and sufficient information to sell stocks. Those who cannot sell stocks in a timely, effective and fast manner are like a rhythm that is about to be smashed into their hands.
The more rampant the past was, the more collapse it was today!
Investment banks were desperate, and those individual investors almost died of rushing to death on the spot.
"It's over!"
"The stock market collapsed!"
"Experts say that the time when the Nasdaq rises will last for a long time? I believe it. I have invested all my wealth, even my houses, cars, and companies. I have mortgaged all the things I can mortgage. Now? All these stocks are waste paper~"
In just 5 hours, the Nasdaq index suddenly dropped from 5048 points at its peak to 4000 points, and continued to decline at a very terrible speed.
Bankruptcy, bankruptcy, bankruptcy.
In a few hours, more than 100 companies listed on Nasdaq declared bankruptcy.
But is that all?
No, there will be more than 500 listed companies that go bankrupt today!
Crazy!
At this moment, Nasdaq and Wall Street were completely crazy, and a breath called "cold" frozen everyone.
"But...this is just the beginning of the Internet bubble!" Zucker said gritting his teeth.
The worse situation is still to come!
Chapter completed!