The crash of the entire Nasdaq market was preceded by an unprecedented boom in the new Internet economy.

It has been seven years since the World Wide Web was first born in this world, and in the past seven years, the Internet has fascinated countless young people in the world with its instant world information, e-commerce, two-way communication, and vast content, bringing a variety of new business models that were impossible in the traditional world, and attracting countless venture capital investments.

The atmosphere of the "new economy" gold rush will inevitably attract the competition of capital, and the resulting profligacy has become a phenomenon that many other industries in the world can hardly match.

Companies that get financial funds spend lavishly, develop a large number of commercial facilities in one go, provide luxury vacations for employees, and uniformly subdue stock options for senior executives, and when the company IPO, it immediately becomes millions, tens of millions, or even billionaires, buying luxury yachts, villas, estates, and investing this wealth in more Internet companies.

Almost all cities in the United States are playing the Internet brand, such as building some cultural circles and business districts that fit the image of the Internet to attract Internet entrepreneurs, not only the United States, but also various countries have similar initiatives, seeking to become the "next Silicon Valley", or "the Silicon Valley of their own country".

However, behind these booms, few people see that it is actually the irrational pursuit of the huge financial capital in the United States, when one thing becomes a boom, a large amount of money is invested in it, and the snowball of capital expansion has made the entire market lose its sense of crisis, or always feel that it is not the snowflake in the final avalanche.

Under such irrationality, most investors use high leverage to invest, that is, they borrow a large amount of money from securities companies to buy stocks, so that as long as there is a slight decline, the securities company will force them to cut their flesh in exchange for enough cash to be repaid.

Then if you look at the NASDAQ in 2000 at this time, you will find that this is actually a powder keg, and the difference is when the match will be thrown.

Ironically, these truths, which had already been put forward at the time, were already drowned out by the "great analysts" who asserted that the Nasdaq would surpass 6,000 points on Wall Street at the time.

The truth is in the hands of a few, and in other words, it is possible that in the face of greedy human nature, it is only a few who can restrain and reflect.

7 March 2000.

Dow Jones 10,229.14

The Nasdaq closed at 5,006.78, breaking above the 5,000-point mark.

This is an undoubted window time, the blue dot is on the market like wind and rain, and it is late at night in China on the other side of the ocean.

Deng Yu, Liao Miao, Jiang Ling Kangming and others were all in the Tianxing Dao Hall at this time, planning to stay awake all night.

Cheng Ran did the question at home, but finally let it go, wanting to pretend to be calm when Xie An was in the water, but in fact, where could he really calm down.

Because even though I know this history, the feeling of being in it is a unique state of mind.

Cheng Ran remembered that there was an impressive American TV series before, the protagonist was a child, who traveled to various important periods in American history, and witnessed the celebrities of that time, because of their own participation, which led to the occurrence of famous events in the world, a war, the birth of a famous book, and a love and hate of celebrities through the ages...... I can't remember the name, but at that time, I was fascinated by the feeling of wandering through history brought into the protagonist......

It's like breathing with the world.

Right now, on computer screens and all those looking at the blue dot in the U.S. symbol "ANDL" stock chart, the stock of Blue Dot opens at $2.

If it weren't for the Internet boom, there would have been no big institutions here, because large institutions would not look down on this kind of place, and if the company itself listed on the main board buys the stocks of the three boards, it will immediately affect the perception of investors, thinking that the company's performance is not good, and it will come to this kind of "refugee shelter".

The prosperity of the Internet has created the same heat of the three-board market today, and most of the funds and large investment institutions that previously looked down on this place have actually transferred the resources and enthusiasm of the Nasdaq position to the relevant technology companies on the three-board.

The average stock price of companies in the three-board market was only $0.09, and a large number of companies were less than one yuan. The blue dot can start at $6, which is considered very high.

The computer refreshed, and the stock price jumped.

7 dollars.

Cheng Ran rubbed his eyes and decided to squint for a while.

After a while, the phone rang, and when I picked it up, it was Zhao Qing's voice, "It's broken through $9." ”

I believe that at this time, the blue dot technology of the Tianxing Daoist Pavilion will have their eyes popping out.

Before 99 years, the U.S. regulators required information disclosure in the OTCBB market, which was almost a "open horse" period, and listed companies did not need any information disclosure at all to trade in the market. After 99 years, the information disclosure rules came into effect, requiring listed companies to submit quarterly financial reports and annual reports, and it is precisely because of this rule that if the company in the three-board market can be supported by complete performance and beautiful financial reports at this time, it will also receive great support in disguise. Therefore, Blue Dot Technology's actions and orders in China are all operations that Cheng Ran is trying to put into the shell.

And all these early actions came into play at this time.

Technology emerging stocks with beautiful performance and development potential, even if it is in such a "slum" as the three-board market, do you dare to say that it is not the next Microsoft that has come out of it in the first place?

No one thought that the chief director of this capital drama would be nesting in the ordinary residential building in Rongcheng at this time, watching the fire from the other side.

With each refresh, Blue Dot's stock is jumping up.

$9, $12, $16, $19.

When Zhao Qing called, he could hear his breathing on the other end of the phone, "$22!"

Yes, all the preliminary preparations have been put in place, and everything that can be done has been done by Cheng Ran to the best of his ability. Now on Rongcheng's side, he can't do anything except wait like everyone else.

After the $22 boundary was breached, it did not stagnate, and the blue dot continued to run upward.

25，28......

30！

When the number was finally fixed above the closing price, in the office of the Tianxing Gym in the middle of the night, a group of young people suddenly stood up from the table, first hugging, hugging deeply, then high-fived each other, hugging each other and rubbing each other's heads.

From $6 to $30, it means that in just one day, the stock price of Blue Dot has skyrocketed by 500%!

The market value of Blue Dot reached 545 million overnight!

Dollar!

Like all the things that will remain in the legends, the Blue Dot are the young people who are unbridled in their youth......

Overnight, he became a billionaire.