Chicago 1990

Text Chapter 1368 The situation is very serious

It was noon on Thursday, April 13, 2000.

The Nasdaq Index has stabilized, with only a small drop of less than 50 points. One of the few "stars" today is the Internet upstart Amazon, whose market value has fallen to half of its highest point last year.

Yahoo continued to fall, but the decline was not significant.

But yesterday’s Nasdaq’s plunge has been transmitted to the New York Stock Exchange and other technology stocks. The Dow Jones’s performance was worse. The index returned to the 10,000-point threshold. Motorola, which was already trapped in the quagmire of the Iridium star, led the decline and evaporated in one morning. More than ten percent of the market value.

Others such as AOL America Online, Microsoft, etc. have also been dragged down, but overall... Fortunately, software and hardware vendors such as Oracle, Cisco, Sun, Intel, Hewlett-Packard, Compaq, and Dell, which submitted their gorgeous annual reports last year, have played a role in stabilizers. effect.

Song Ya turned to think that he was just a false alarm yesterday, and the long-term judgment based on the beginning of the apocalypse must be correct, hold it, hold it! What is Lao Tzu afraid of! Just hold it!

"Boss, the Wall Street Journal wants to interview you."

"Zoe Barnes of the Chicago Tribune called..."

"Don't accept interviews from our own people?"

"Time Magazine..."

"Frontline Magazine..."

But after yesterday's plunge, even if he doesn't care about his wealth, the situation that Song Ya faces personally has become more severe. The first is the public relations crisis. There are only a few well-known tycoons who have invested in Internet concept stocks. Microsoft founder Paul Allen bears the brunt. His own black pharaoh Alexander ‘aplus’ may also be ranked in the top five in Song theory...

One billion worth of net worth evaporates in a day, countless media racked their brains to try to interview these unlucky ghosts in the first place. Some may just want to ask how they feel, and some hope that the tycoons will stabilize the market or turn to bearish ones. The wind, anything will do. Now, casually talking about the situation, the weather spreading out is all big news material, which can cause unlimited speculation in the capital market.

"All refused, saying that it is not convenient for me to accept interviews for the time being."

Although the Nasdaq was okay today, I still lost a lot of money. Amazon's stock was bought during the record release war with Universal last year. Even if it was bought at a small high point, Yahoo was still down.

He kept clicking the mouse, looking for "familiarity" to support his belief, his own opendiary, blog...no problem; Amazon, online shopping...no problem; yahoo, search, portals...no problem; already Aol-shaped icq, instant messaging... Then aol is still okay.

"It will be okay! It's just a technical adjustment!"

He brainwashed himself and cheered up stockbroker O'Grady.

Secondly, as more and more so-called friends tried to inquire about the news through various channels last night, he realized that there were so many acquaintances who followed the stock allocation table exposed in his will. The political and business celebrities of descent are fascinated and trusted by themselves, and they have led to the entrance of institutional buyers from the minority fund, African charity fund and other institutions they manage.

Even white friends or purely spiritual fans will buy a lot of them.

If you want to talk too much to the outside world and secretly sell it, you will definitely incur the ill feelings of the entire group, and the management of people-based and mass-based operations for many years is very likely to be destroyed!

In addition, several websites under the spin-off and listing of Litman Media have already raised funds through the capital market. All of them have fallen below the issue price. This series of wealth-making myths led by him will be a devastating blow. Music and stations. Fortunately, the plate is small and the lifting period has not passed. It is not in a hurry. The opendiary website has a high market value. The first six months of the release period of ipo has passed. The founders Abelsen and his wife are determined to continue to cash out. If they don’t want to take it, the plunge will be certain.

"Let the Abelsons wait. There is an important economic data release in the afternoon. The Senate Finance Committee will hold a hearing today. The Chairman of the Federal Reserve Bank of China, Mr. Greenspan, will attend and testify. The old man has always firmly maintained the prosperity of the financial market. He said,'The stock market is not a barometer of the economy, but the economy itself.' It will get better, and the US government is also anxious now."

Song Ya asked Sloan to temporarily stabilize the Abelsons.

"Where will the money be raised?" O'Grady asked, "Loans?"

"No, you know I have never wanted to take big risks."

It’s not that Apocalypse has never pitted herself. After all, she still lacks confidence. Song Ya calculated the whole night by herself last night. Now her eyes are red. "The stock allocation sheet in that will was sent out in 1997. Sloan and I I summarized it last night. During the period from 1997 to now, let’s pick some of my newly invested stocks to sell out."

"Ok."

O'Grady also knew that if the black pharaoh in front of him sneaked away from the stock in the configuration sheet, if it was exposed, many people who followed to buy in the past two years would hate him. The social perception is too bad, and he immediately hit the keyboard to verify it. Then, "Then it is Microsoft, aol, Amazon... Microsoft and some poorly performing online stocks have been emptied, and there is still aol, Amazon, etc..."

"Aol is the best. It hasn't fallen too much yet. It's worth enough. And I remember that after you cleared Netscape and then ate aol on the open market, you chose to secretly buy it because you didn't want to be jokes by Jim Clark and the others. It's very low-key. A substantial cash out will not arouse outside suspicion."

Sloan came up with an idea.

"Ok."

Song Ya nodded, and only the money from aol was the most suitable to spend. What a pity... "That's it!" He made a decision, and it happened that Jim Clark called over yesterday, yin and yang weird, huh! Then betray him again! Of course, it must be quiet this time, not the shooter!

"Shall we act this afternoon?" O'Grady asked again.

"Uh... don't, wait until Greenspan's Congress testimony today."

In the afternoon, the whole world is watching three things. One is the U.S. stock market, the second is the March consumer price index of the U.S. Labor Department, and the third is that of course, Greenspan will make an analysis of yesterday’s plunge and the latest economic data in Congress. What to say.

The data came out very late today. There was still no news when the rice stocks closed. Nasdaq barely held the 100-point mark. This trading day fell 92 points, while Dow Jones fell 200 points. It was another disappointing day. Overall it is much better than yesterday.

"coming!"

Sloan persuaded the Abelsons. The three people who were relieved temporarily stood in front of the computer. The U.S. Labor Department finally released the latest consumer price index, which rose by 0.7% in March, which was higher than expected. It was 0.5% higher than 0.2%, and the core price index excluding food and energy rose 0.4%, which was also 0.2% higher than the expected value of 0.2%.

"Isn't it high?"

Song Ya accidentally revealed the essence again, his first instinct was, ‘this is it! ? ’

The 0.2% difference in values ​​seems insignificant.

"Not too good, not too good..." O'Grady repeatedly nagged and explained: "Wall Street has always paid great attention to this core price index, and 0.4 is double that of 0.2."

"Watch the hearing."

The Senate Finance Committee’s hearing was very punctual, and the US economic emperor Greenspan arrived at the Congress with his briefcase as usual.

"The traditional U.S. stock market may soon lose competitiveness..."

Unexpectedly, Greenspan came up with a sudden attack without a few words. The old man who has always liked to say Yunshan’s words that make the outside world speculate is very straightforward today. “Retail investors must be cautious when facing an insufficiently liquid market, especially when Pay special attention when using financial leverage..."

"The investing public must not be complacent. Decision makers cannot decide which trading system best meets the needs of investors, let alone guide the development of the stock market, but should ensure that these markets and their market players compete fairly and efficiently..."

"Decision makers have always been unwise in trying to guide the development of the market. At this very critical point in time, this approach will especially cause trouble..."

This shows that it is not saved?

"It's over, it's over..." O'Grady rushed out of the study to make a call with his mobile phone like a frustration. Song Ya was not the only client of his.

"Damn old thing! If you can't speak, just talk less!" Song Ya also jumped in anger, and yelled at Greenspan on the TV. thing! ?

The old man, of course, could not hear him~www.wuxiaspot.com~ Continue reading the manuscript: “At present, there is no sign of inflation in the United States, but the high private consumption will increase the risk of inflation. Although many data show that US prices have been quietly However, from the perspective of the potential cost structure of US companies, unit costs have not risen sharply, and the productivity of American labor has not risen rapidly, so that inflationary pressures can still be effectively controlled. For the recently volatile New York stock market, I think this is due to the elusive characteristics of the high-tech industry. It is caused by the large gap in return on investment between technology stocks and traditional industry stocks, and has nothing to do with speculation or even the Federal Reserve’s increase in interest rates. This type of company Because we are at the forefront of technology and are always in turmoil, stock prices are also highly volatile..."

"Wealth boosted by the stock market is fueling consumer demand and has caused economic imbalance..."

At this time, a senator interrupted him, questioning that the U.S. Federal Reserve’s interest rate hike and other monetary tightening policies were the main factors that caused the financial market to fall. The wealth effect formed by the soaring will cause consumers to lose control and form excessive consumption. The NASDAQ's current reversal is only a correction made by the market, but it is difficult to determine how far the stock price should be corrected...

"Ah!" Sloan heard that this could not maintain the reservedness of elite women, and uttered her iconic shrill voice to the TV, "You want to make me bankrupt, old man!"

"What bankruptcy? What bankruptcy?"

Hallie, who was forbidden to enter the study today, heard these words clearly, and hurried around outside the door.

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