Chapter 1661

As we all know, the fuse of US stocks first occurred in 1997.

The second fusing is in 2020.

The third fusing is in 2020

The fourth fusing is in 2020

The fifth fusing is in 2020

Cough, but the circuit breaker we want to talk about is not the collective circuit breaker of the entire US stock market, but the circuit breaker mechanism of individual stocks.

According to the rules of U.S. stocks, once a stock rises or falls by more than 10% in five minutes, the stock will automatically stop trading until five minutes later.

This mechanism is good, so that crazy investors can calm down for 5 minutes and let them think clearly about what they should do next.

As a result, Microsoft successfully triggered the circuit breaker mechanism. Microsoft's share price, which fell to $115, was directly suspended from trading. It needs to wait five minutes before it can restart trading.

Then, can circuit breaker certainly help stabilize the stock price of individual stocks?

It's OK most of the time, but in some special cases, the situation is likely to be worse.

For example, now, after Microsoft's circuit breaker, many U.S. stock institutions have just reacted. Using these five minutes, they immediately held a high-level meeting to discuss how to deal with it.

At this moment, the Wall Street is very nervous. With the melting of Microsoft, a terrible fact has been shown to all people. That is, the virtual height of Microsoft will be broken, and it is likely to further bring about the collapse of the entire network technology stock bubble. This will be a very terrible result.

These financial institutions must immediately make the right decision to ensure their own interests.

"I think this is the accidental result caused by an accidental phenomenon!" in the conference room, a high pipeline "I have asked the people of the information department. There was a small failure of the Atlantic cable, which led to the interruption of our network with Europe. Until now, it has not been repaired."

"Today's Microsoft crash is due to this small network failure, which makes European investment institutions and retail investors unable to buy our shares at the first time, resulting in the 16 billion unsolicited shares."

"But this fault is only a small fault. It can be repaired completely and quickly. It is expected to be repaired before 6:00 tonight!"

"So I think as long as the hot money in Europe can enter tomorrow, the stock market can stabilize again. We don't need to withdraw directly on a large scale for a small accident."

"I believe everyone knows what consequences this will lead to. I'm afraid all of us can't escape at that time!"

"No, I don't think today is an accident. There are 16 billion US dollars of empty orders. This has never happened before. How can there be so many empty orders at the same time? I think there are already organizations planning to escape in advance. They want to leave us and escape alone. Let's stay and block the disaster for them!" Another executive stood up and retorted very simply.

"No, it's not like that. I've also checked the 16 billion. It's true that most of them are the courage of institutions, but these lists belong to more than 100 different institutions. It can't be that an institution wants to escape in advance. It should be just because of Monday. So many lists have just come together. Don't forget that we have more than three times more lists than usual in the past few days!" Executives who support calm quickly explained.

"Ha ha, that's great. It's not one family that wants to escape in advance, but more than 100 families want to escape in advance!" said another executive coldly.

"..." everyone in the conference room suddenly shivered. If more than 100 institutions planned to escape at the same time, it would be terrible.

"It's impossible, it's just an accident!" the executive wanted to stick to his opinion at the beginning, but the general manager who hasn't spoken said, "enough, I announce that after resuming the transaction, I will sell all our Microsoft shares at all costs!"

"What, general manager, it's not OK. We'll lose a lot. There's more to it. We'll lead to the collapse of the whole market!" the executive shouted.

"I don't care whether our actions will lead to the consequences you said. I don't know which of you two argued about right or wrong, but I know one thing, that is, none of these more than 100 institutions is an old fox."

"Even if only 20% of them ignore the overall situation and intend to escape, even if the remaining 80% continue to insist, the overall situation will collapse in an instant!"

"I know those guys so well that more than 20% and 50% will run away at the first time!" the general manager sighed faintly. "Since the overall situation is doomed to collapse at this time, don't we run in advance and stay to help others take the offer? “

"Yes!" the former executive who shouted to take the overall situation into account also closed his mouth. The general manager was right. They can't expect everyone to take the overall situation into account, so the only way to protect themselves is to escape first before the overall situation collapses. The faster you run, the more irrelevant the loss is.

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There are no fools on Wall Street, so no one can't see the overall situation. It's more than that. They can stick to it.

But no one is not clear. If you stay at this time, you are likely to take the offer.

These smart people really know other smart people too well. These smart people also know very smart. Once a group of smart people get together, their smart will indeed add up, but in the form of negative numbers.

Then, in the past five minutes, the situation that drove all shareholders crazy appeared. Only two minutes later, Microsoft's stock plunged 10% again. In one day, it successfully triggered the second circuit breaker.

This time, no one has any illusions. All institutions understand that the next is a fast game. Whoever runs slowly will die without a place to bury.

As a result, all investors in the United States witnessed a historic moment. Microsoft, the world's first stock, which claims to exceed the market value of trillions of dollars, triggered a full five fuses in one day, and the share price fell from $128 to $75, with a total decline of 41% in one day, Microsoft's market value of more than $280 billion evaporated instantly.

Such a crazy plunge completely fooled everyone. It is said that three people jumped down together that day, avoiding the troubles of the world.

No one can believe that Microsoft has ushered in such a tragic slump, and this is only one day. God knows what bad results Microsoft will usher in in the future!