Chapter 269 While the people are cheering
In the first half of 1999, the Nasdaq surpassed $5 trillion in turnover and was predicted to surpass the New York Stock Exchange, with an average daily turnover of more than $35 billion in the first half of that year. At the close of the first half of 1999, the Nasdaq Composite Index was 30 times higher than it was at the beginning of the market. By the end of the year, NASDAQ was now the world's second-largest stock market. At present, there are more than 5,200 listed companies.
The NASDAQ was also the first stock market in the world to adopt electronic trading, and it has more than 260,000 computer point-of-sale terminals in 55 countries and regions. In nearly 30 years, the NASDAQ has grown into a stock market with more listed companies and growth rate than the New York Stock Exchange, and its indices such as turnover and market capitalization are on par with the New York Stock Exchange. Currently, the NASDAQ is often used as a fundamental data for market analysis along with the Dow Jones Index. By the end of 1999, an eight-story data tower had been erected in New York's Times Square, breaking the Dow-Jones index's monopoly on advertising for years. Because of the attractiveness of the NASDAQ, the American Stock Exchange merged with it in 1998 to form the NASDAQ-EMEX Markets Group. And by 1999, the Nasdaq had a turnover of $11 trillion, surpassing the New York Stock Exchange for the first time, with an average daily turnover of $41.5 billion that year ($35 billion on the New York Stock Exchange). At the end of 1999, the Nasdaq Composite Index was 33 times higher than it was at the beginning of the market. At the end of the year, the NASDAQ index exceeded 4,000 points for the first time, reaching 5,046 points on March 9, 2000, and the total market capitalization of the NASDAQ market was $6.7 trillion.
But this is also the last crazy hype in many years, the legend of the high-growth company is also constantly emerging, and the whole society is believing in the charm of high technology! The hundredfold growth of a certain soft company, the legend of Bill giving up school and starting a business, and then the rapid development of Dell computers. There is a growing belief that as long as it is a high-tech company, it is possible to achieve huge room for growth. Who can be sure which high-tech company won't be the next one or Dell?
After many high-tech companies went public, their stocks were speculated, and the price-earnings ratio of hundreds of times was good, and many loss-making companies were also favored by many people, because they believed that once these companies made profits, they would skyrocket. As a result, the concept of "market dream rate" has become popular in the market, which is quite in the form of the popular slogan in China, "how bold people are, how productive the land is".
After Zhao Hong and Xiao Wanting took a break from entertainment, he began to discuss the current stock market situation in country M with her, especially the shares of five companies listed on the NASDAQ held by the M branch of Zhao Song Group, the stock price has also risen rapidly, and the market value has exceeded 1 billion $, which makes her a little dumbfounded, and she feels a little like a dream when she sleeps every day. I always worry that one day my dream will come to naught.
Zhao Hong is also a musician, one hand stroked her body, the other hand patted her hand, and said with a smile, "It's not so terrible! In fact, they have a certain reason for doing this! It's just that they think too much, and even overdraft the development of several years, or even decades, there are some bubbles, but so far there are still some companies that do have investment value." It's just that if the stock price soars again and overdraws on the development of several decades or even hundreds of years, it will really be a big bubble!
Xiao Wanting was also a little worried and said, "Then I'm starting to prepare for shipment now? Do you want to clear all of them? Actually, I also think it's handled well, or I always feel like I can't sleep well at night!"
Zhao Hong looked at her with a smile, "Fortunately, you're sorry! Those companies that participate in the shares are also dealt with! Try to deal with it before the end of the year, and if there are difficulties, you must deal with it neatly before the Lunar New Year." You can't participate in the stock market again for two years!
She looked at him with some unease and asked, "Is it that serious, is it worse than last time?"
But Zhao Hong didn't know how to explain it, so he finally found a reason to prevaricate?
At this time, my son, who was just a few months old, woke up, and the cry of "wow" came from afar. The two of them hurriedly got up and ran next door to see the children in the cradle, and no one cared about the topic just now.
Xiao Wanting hurriedly picked up the child skillfully to check, Zhao Hong also skillfully cooperated to change the diaper, and she also began to breastfeed. The little guy has already begun to breastfeed, Zhao Hong gently touched his little feet, soft and very comfortable, the little feet are only as long as a thumb, slightly wider, the little arms and calves are whirring, eating milk with his eyes closed, and there is a satisfied smile on his little face.
Zhao Hong looked at the child with some joy, and kissed the child's little feet with some curiosity. She smiled a little dissatisfiedly and said, "The child's skin is tender, don't kiss it casually." When it's time, I'll tell you to go over there and ask them to eat!"
Zhao Hong thought about it and agreed, while there was still time, hurry up and rest for more than an hour!
……
At dinner, Xiao Wanting didn't come over to wake him up, but went directly over there, brought Zhao Hong's family over, and held a gathering of the two family members in the hall on the first floor.
Zhao Hong's parents and Xiao Wanting's parents all exchanged things about the children very warmly and politely with each other; Xiao Wanting's brother chatted with Zhao Hong's brother and talked about the former domestic college life; Xiao Wanting's sister-in-law accompanied Zhao Hong's sister-in-law and sister to take care of the six eldest children and play together. Xiao Wanting pushed the cradle cart for everyone to watch the children, while Zhao Hong played the role of a waiter.
After a period of communication, after a busy session with several ladies, the dinner officially began. First of all, Xiao's father simply expressed his welcome to Zhao Hong's family's visit, and also thanked Zhao Hong's parents for cultivating very excellent children, and thanked them for their recognition of Xiao Wanting and the child. Then Zhao Hong's parents also thanked Xiao Wanting's family for their forgiveness and acceptance of Zhao Hong, allowing them to have three lovely grandchildren. Definitely the first hero in the family!
Everyone is very friendly and expects to get along with each other. After all, it's all for their own sons (daughters) and grandchildren. Besides, Zhao Hong and Xiao Wanting have three children except for the paper. How could it be if they didn't accept it? Moreover, Zhao Hong and Xiao Wanting also did their own work as their parents and family. Zhao Hong started from his grandchildren, not to mention that he was a man, and he made sense as soon as he said it, but Zhao Hong did not tell them how much wealth Xiao Wanting managed, even if Zhao Hong's brothers and sisters had a guess, it was estimated that there were tens of millions of dollars! And Xiao Wanting told her the company she managed on the contrary, if it wasn't for Zhao Hong really being good to her, how could she hand over this large amount of wealth to her to manage? And her parents knew that their daughter was already a proper billionaire! It is said that Zhao Hong is really very good to Xiao Wanting!
This was also arranged by Xiao Wanting, and Zhao Hong just implemented it carefully according to her script.
After the dinner, Zhao Hong took his brother and sister-in-law and Xiao Wanting and her brother and sister-in-law to chat about the current economic situation and strategies! Talking about the high-tech companies and products that people are hotly discussing at present, there are more and more bubbles in the midst of cheers and cheers, and the pace of a possible new economic crisis in the future is getting closer and closer! And people are still immersed in a joyful atmosphere! There is no vigilance at all!