Chapter 1369

Noon, Thursday, April 13, 2000.

The NASDAQ index has stabilized, with only a slight 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 last year's highest point.

Yahoo continued to fall, but not much.

However, yesterday's NASDAQ slump has been transmitted to the New York Stock Exchange and other technology stocks, and the performance of Dow Jones is worse. The index returns to the 10000 point threshold. Motorola, which is already mired in iridium, led the decline and lost more than 10% of its market value in one morning.

Others, such as AOL, Microsoft and so on, were also dragged down, but on the whole... Fortunately, software and hardware manufacturers such as Oracle, Cisco, sun, Intel, HP, Compaq and Dell, which submitted their gorgeous annual reports last year, played a stabilizing role.

Song Ya turned to think that he was just a false alarm yesterday. His long-term judgment based on the Apocalypse must be correct. Hold on, hold on! What am I afraid of! Just hold on!

"Boss, the wall street journal wants to interview you."

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

"Don't we interview ACN's own people?"

"Time magazine..."

"Frontline magazine..."

But after yesterday's slump, song Ya's personal situation has become more and more severe even if he doesn't care about his wealth. The first is the public relations crisis. There are only a few well-known tycoons investing in Internet concept stocks. Paul Allen, the founder of Microsoft, is the first to bear the brunt of the crisis. He, an old criminal Alexander "aplus", may also rank in the top five in Song Dynasty

One day, hundreds of millions of fortune have been lost. Countless media have racked their brains to interview these hapless ghosts for the first time. Some may simply want to ask how they feel, while others hope that the tycoons can stabilize the market or turn to be bearish. Anything will do. Now this situation is just a casual chat. The weather is all big news material, which can cause unlimited speculation in the capital market.

"All refuse, say I am temporarily inconvenient to accept an interview."

Although the NASDAQ index is OK today, it still loses a lot of money. Amazon stock was bought in the war between last year's and universal's record release. It is considered that it was bought at a small high point, and Yahoo is still in a negative decline.

He keeps clicking the mouse, looking for "familiarity" to support his belief. His own opendiary, blog... No problem; Amazon, online shopping... No problem; Yahoo, search, portal... No problem; It's already AOL shaped ICQ, instant messaging... So AOL is still OK.

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

He brainwashed himself and cheered O'Grady, the stockbroker.

Secondly, as more and more so-called friends tried to find out about themselves through various channels last night, he realized that there were so many acquaintances who had bought the stock allocation table that he had exposed with his will. Because many African American political and business celebrities had a fascination and trust in him, they led the buyers of ethnic minority funds, African American charity funds and other institutions to enter the market.

Even white friends or pure spiritual supporters buy along with them.

If you sell in secret, you will definitely arouse the bad feeling of the whole group. The management of the people and the mass base for many years is likely to be destroyed!

What's more, several websites of Littman media's spin off and listing have already raised capital through the capital market, and all of them have fallen below the issue price, which will be a devastating blow to the series of wealth making myths led by Littman media. Music and novel websites are OK, but the plate is small. It's not urgent. Opendiary website has a high market value, and the six-month ban on the earliest IPO has passed, The founder Abelson and his wife are determined to continue to cash out. If they don't find a way to take over, it's inevitable for them to plummet.

"Let Mr. and Mrs. Abelson wait a little longer. There will be an important economic data release in the afternoon. The financial committee of the Senate will also hold a hearing today. Mr. Greenspan, chairman of the Federal Reserve, will attend and testify. The old man has always been determined to safeguard the prosperity of the financial market. He said that" the stock market is not a barometer of the economy, but the economy itself. "It will get better, The U.S. government is in a hurry. "

Sonya asked Sloan to stabilize the abelsons for a while.

"It has to be undertaken. Where will the money come from?" "Loan?" O'Grady asked

"No, you know I've never been willing to take big risks."

Apocalypse is not without his own pit, after all, or lack of confidence, song Ya alone last night to calculate an all night, now eyes are red, "the will of the stock allocation sheet is spread out in 1997, I and Sloan last night summed up, from 1997 to now this period of time, choose some of my new investment stock out."

“OK。”

O'Grady also knows that if the black Pharaoh in front of him steals the shares in the configuration list, if it is exposed, many people who follow him in the past two years will hate him. His social impression is too bad. He immediately clicks the keyboard to verify it. "Then it's Microsoft, AOL, Amazon... We've emptied Microsoft and some Internet stocks with poor performance, and there are still AOL, AOL and Amazon Amazon, etc... "

"AOL is the best. Now it hasn't fallen too much. It's worth enough. And I remember that when you eat AOL in the open market after you clear Netscape, you choose to buy it secretly because you don't want to be laughed at by Jim Clark. It's very low-key. It won't cause outside suspicion if you cash out a lot."

Sloan has an idea.

"Well."

Song Ya nodded, only AOL's money is the most suitable to use. It's a pity... "It's all right!" He made a decision, just yesterday, Jim Clark called me. He was very angry. Hum! Then betray him again! Of course, it must be quiet this time. No shooters!

"We'll do it in the afternoon?" O'Grady asked again.

"Er... Don't wait for Greenspan's congressional testimony today."

In the afternoon, the whole world was watching three things: first, naturally, the stock market of the United States; second, the consumer price index of the Labor Department of the United States in March; third, of course, what will Greenspan say in Congress about yesterday's slump and the latest economic data.

Today's data came out very late. There was still no news at the closing of rice stocks. NASDAQ barely held the 100 point mark. This trading day fell by 92 points, while the Dow Jones fell by 200 points. It's another disappointing day, but on the whole, it's much better than yesterday.

"Here it is

Sloan persuaded the abelsons to stay in front of the computer for a while. The Labor Department of the United States finally published the latest consumer price index, which rose 0.7% in March, 0.2% higher than the expected value of 0.5%. The core price index excluding food and energy rose 0.4%, 0.2% higher than the expected value of 0.2%.

"Isn't it high?"

Once again, song Ya accidentally revealed his essence. His first instinct was "that's it!"

The difference of 0.2 percent seems insignificant.

"Not so good, not so good..." O'Grady repeatedly explained: "Wall Street has always been very concerned about this core price index, and 0.4 is double that of 0.2."

"Watch the hearing."

The Senate Finance Committee hearing was very punctual. As usual, the U.S. economic emperor Greenspan arrived at the Congress with his briefcase.

"The traditional American stock market may soon lose its competitiveness..."

I didn't expect that Greenspan would be in trouble suddenly without a few words. The old man, who has always been fond of saying things like clouds and mists, makes the outside world speculate endlessly, is very straightforward today. "Retail investors must be cautious when facing the market with insufficient liquidity, especially when using financial leverage..."

"Investors should not be complacent. Decision makers can not decide which trading system best meets the needs of investors, let alone guide the development of the stock market. Instead, they should ensure that these markets and their market participants compete fairly and efficiently..."

"It has always been unwise for policy makers to try to guide the development of the market. At this critical time, this practice will cause trouble in particular..."

It's clear that we can't save it?

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

"Damn old thing! If you can't speak, speak less! " Songya is also very angry. He yells at Greenspan on the TV. If he doesn't save him, there's a kind of falling in and out of his words. What's the matter!?

Of course, the old man couldn't hear him, so he continued to read: "at present, there is no sign of inflation in the United States, but the high private consumption will increase the risk of inflation. Although a number of data show that prices in the United States have risen quietly, the potential cost structure of American enterprises shows that the unit cost has not increased significantly, and the labor productivity in the United States has not risen rapidly, so that the inflation pressure can still be effectively controlled. As for the New York stock market, which has fluctuated violently recently, I think this is due to the unpredictable characteristics of the high-tech industry. It is caused by the large investment return gap between the high-tech stocks and the traditional industry stocks, and it has nothing to do with speculation or even the increase of interest rate by the Federal Reserve. Because these companies are at the forefront of science and technology, they are always in turmoil, so their stock prices are highly volatile... "

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

At this time, some senators interrupted him, questioning that the monetary tightening policies such as the interest rate rise of the Federal Reserve of rice are the main factors causing the financial market landslide. He replied: "the responsibility of the Federal Reserve of rice is to solve the problem of economic imbalance caused by the overheating of the stock market, because the wealth effect caused by the soaring stock price will make consumers uncontrollable and form excessive consumption. The Nasdaq's turnaround is just a correction made by the market, but it's hard to determine how far the stock price should be corrected... "

"Ah Sloan heard that this can not maintain the reserve of elite women, on the television burst out her signature voice, "dead old man, you want me to go bankrupt!"

"What bankruptcy? What bankruptcy? "

Today, Hally, who was forbidden to enter the study, heard this sentence clearly, and was so anxious that she turned around outside the door.

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