Extraordinary Genius

1083. 1083 chapter bubble burst (request for a ticket)

Microsoft’s monopoly case is again in court, and the judge claims that Microsoft does have a monopolistic behavior and that the evidence is conclusive, meaning that Microsoft will face huge penalties and risk of being forced to split.

On this day, many investment institutions have also found that the Nasdaq index has surpassed 5,000 points. At this time last year, it was less than half. In one year, it has doubled!

So they saw that Microsoft was going to lose, and Lenovo, Cisco, and other companies that had business with Microsoft would inevitably be affected, so they decided to sell the shares they held.

At this time, there was a transaction and a crash. Some major shareholders, while selling these constituent stocks, caused Nasdaq’s stock index to fall instantly and fell 5% on the same day.

Of course, there is also Feng Yu’s relationship. Feng Yu also joined Kirilenko and Fu Rongqi to sell the last constituent stocks in this year.

Just let Feng Yu they are curious, it seems that there is still a hand in control of this, because when they are hollowing out the Nasdaq index, someone actually built a position first, and the handwriting is very large.

Yesterday, the Nasdaq stock index hit a new high, and some people opened positions at high positions. How do they know that the Nasdaq stock index will fall?

Unless they are selling the same stocks of Microsoft, Cisco, Dai, etc., this person knows ahead of time.

So how powerful is this person, can you contact so many large investment institutions?

Feng Yu thought for a long time, and felt that there was only one person, in line with his speculation, that is Quantum Fund’s Soros!

Only Soros dares to be so bold and can understand the movements of these big investment institutions. And short selling has always been what Soros likes most.

Feng Yu is not sure, but he doesn’t care. He and his partners have already opened a large number of positions at 5,000 points. Although the financial leverage is not high, but looking at today’s decline, tomorrow’s panic selling will be even worse, the stock index will fall more.

Microsoft’s monopoly is just a trigger. When Feng Yu sold Microsoft stock last year, Microsoft’s share price stopped growing, but many other stocks are still rising wildly.

The most interesting thing is that most of the companies whose stock prices have risen wildly are still not profitable. Expenditure is greater than income, and as such, the share price rises more than the profitable Company like Microsoft.

Those organizations sell so-called ideas, as to whether they can be turned into reality, as if everyone is betting. Once the bet wins, you can get multiple returns. As for the gambling loss, they never thought about it.

Even in the past two years, venture capital has been particularly favored for the network technology category, and the review has been continuously reduced. They are thinking about using this shareholder style to make the company a big profit.

It has also been said that those companies sell shares, which has nothing to do with Microsoft’s antitrust case, but because most of the companies in the listed Corporation report that have just been released are related to losses.

This has sounded a lot of alarm for many investors. It is not the size of the Corporation that will make money. These Internet companies, the assets have all skyrocketed, but it is the money from the stock market, but did not bring any benefits.

Their visions seem to be so far away. A lot of Internet Corporation has already spent the funds of venture capital and the funds from the stock market, and is still losing money!

They use the money of investors to acquire and acquire competitors in other industries, speed up the launch of their new services, and strive to penetrate into cross-industry areas and strive to promote their own brands.

This seems to have entered a strange circle of network enclosures, and has also formed a novel Internet rule. And all the Boss of Corporation never think about it, their Corporation, so much value? With Yahoo’s products, how can Corporate value exceed 100 billion? What is the annual revenue of their Corporation?

This seems to be a bottomless pit. Who dares to invest in it?

These financial annual reports and quarterly reports are also considered by many to be the trigger for a true online bubble, and the incentive for large investment institutions to sell online technology stocks.

There is another saying, that is the millennium bug. This is an algorithmic vulnerability that can cause confusion in many of the Corporation’s systems. In order to make up for this loophole, the company had to increase spending, which intensified the company’s financial pressure.

There are many arguments, support, and opponents, but no matter what, Nasdaq’s stockmarket has begun to fall, and the first and foremost is the network technology stocks.

Feng Yu has another algorithm that calculates the true rate of return of Nasdaq stock.

Since 1998, Nasdaq’s true rate of return is less than 3%, even lower than bonds, and theoretically, this kind of prosperity should reach a yield of 6.5 percent.

Other researchers believe that all equity shares have a premium to varying degrees, with a premium of about 7%.

In other words, Nasdaq’s stock is overvalued. Whether it’s Microsoft, IBM, or the organization of what they wear, they all benefit from the irrational exuberance.

Now, the bubble bursts, and they are also the first to fall in the Corporation, and can even be said to be the leader.

……

The Nasdaq’s madness fell, and the stocks with the NYSE also fell. Many companies that are clearly unrelated have been affected.

I don’t know where the rumors came from, saying that stockmarket has to collapse again, and that Microsoft, IBM and other organizations can’t stand it!

As a result, more people began to panic sell stocks, thus forming a vicious circle.

The more people sell, the faster the stock price falls, the faster the stock price falls, and the more people sell.

Less than a week, the Nasdaq stock index fell nearly ten points, the biggest decline in more than a decade.

Affected by this, stocks in the world’s major financial markets have fallen, especially in the network technology category, the largest decline.

Paul Allen was deeply regretted at this time, knowing that Microsoft’s stock price will continue to fall, and he also cashed in a good amount of money. There are still a lot of non-voting stocks he holds. Selling them does not affect his right to speak in Corporation.

What is wrong with the investment point, I will never know that my assets have shrunk every day?

It seems that this day is still not the same.

Not only Microsoft, IBM, Dai, and many other Corporation’s Board of Directors are meeting every day to study how to save their own organization and let the Corporation’s stocks continue to fall.

Although the stock price decline has little direct impact on the operation of the Corporation, it has a great influence on the brand and reputation of the Corporation, and it also has a great impact on the shareholders who hold the Corporation stock. The stock price fell, that is, their assets have shrunk!

They can’t figure out why the internet bubble was poked?

……