After the big rise and fall in the last session of March 10, investors inevitably have some lingering palpitations, but on Saturday and Sunday, when the market is closed, experts are still shouting that the Nasdaq index will continue to rise sharply, and it will definitely break through 6,000 points by the end of March.

On almost all media, radio and television stations, market analysts, securities advisers, and fund managers agreed that the main reason for the sharp decline in the last minute of the Nasdaq on March 10 was that in the period from the second half of last year to the beginning of this year, the Nasdaq rose too fast, just like a person who ate too much food in a short period of time, which caused indigestion, so the market is self-adjusting, and after the adjustment is completed, the next wave of rally will be more violent.

However, the experts shouted all the way "believe in the experts, you will get eternal life", but when it is reflected in the stock market, it is "believe in the experts, die quickly".

On March 13, a new week dawned, when investors were confident that the Nasdaq would continue to make a breakthrough in its all-time high of 5,132 points reached on Friday.

But what greeted them was a blow to the head, and the Nasdaq was like taking a laxative, which can be described as a thousand miles.

On March 13, a large number of billions of dollars of sell orders for high-tech stock leaders such as Cisco, Microsoft, Dell and other large companies appeared in a concentrated manner, resulting in the Nasdaq opening from below 5,000 points, and has fallen to 4,849 points, large-scale bulk sell orders continued to trigger a chain reaction of selling, for a time, the Nasdaq can be described as a thousand miles of red, everywhere is a dazzling blood red. [Overseas stock markets rose in green and fell in red]

Investors were still taking chances, but in the next few days, for the first time since its inception in 1971, the Nasdaq stock market showed everyone what despair is.

On March 14, with the successive disclosure of the annual and quarterly reports of Nasdaq-listed companies, it was found that the performance of Internet companies was very different from previous expectations.

Compared with the performance profits visible to the naked eye in the real industry, most of the Internet companies are actually losing money and making money, and the previous business model of "you can make money after more users" has begun to be widely questioned, and people have doubted whether Internet companies can make a profit, and whether the money they invested before is sinking into the sea.

Investors are surprised to find that, compared with the real enterprises, the profit model of Internet companies is pitiful, except for Microsoft and hardware IBM, Cisco, Dell and other technology companies, most of the Internet companies do not have decent performance at all, but they are rising step by step in the stock market, and the performance of profits form a huge contrast.

What a painful realization!

Although investors have woken up, it is too late!

Over the next few days, investor confidence was hit by a flood of huge sell orders, and a ripple effect began to sweep through the stock market.

Investors, fund companies and securities institutions began to panic sell, and in just a few days, the Nasdaq fell from its peak of 5,131 points to 3,995 points at a speed visible to the naked eye.

In less than 10 days, excluding the market break, in just six days, the Nasdaq fell by more than 1,000 points, a decline of more than 20 percent.

At this time, let alone rushing to the 6,000-point mark at the end of March, even if it can stop falling and stabilize and regain the 4,000-point mark, shareholders can set off firecrackers to celebrate.

……

In fact, to be honest, after removing those Internet companies that are fishing in troubled waters, many technology companies on the NASDAQ stock market still have real materials, so after the Nasdaq plummeted for a week, the stock market really showed signs of recovery, and it actually rushed back to the 4,000-point mark.

Unfortunately, just when people breathed a sigh of relief and thought that the decline of the Nasdaq had bottomed out, Microsoft, the first share of the Nasdaq, encountered huge trouble, and the anti-monopoly investigation made a comeback.

The so-called success is also Xiao He, and defeat is also Xiao He.

The reason why Microsoft was sued for antitrust by the US imperialist Department of Justice is precisely because it is too powerful and has no rival in the software market.

In addition, Microsoft is indeed very dishonest in business competition, and has been caught with a sore foot, which is to sell the operating system and bundle the Internet Explorer browser.

Microsoft's antitrust case stemmed from the browser controversy, which Netscape had made a name for itself with the launch of its powerful Navigator web browser.

Microsoft, which originally controlled the operating system software market, launched its own browser, Internet Explorer, or IE for short, for Navigator, and bundled IE with its operating system, indos95, for sale.

In addition, Microsoft also requires PC manufacturers not to remove IE from the indos package when buying the indos operating system, otherwise they are not allowed to sell indos to the PC manufacturer.

As a result, on October 20, 1997, the Antitrust Division of the U.S. Imperialist Department of Justice accused Microsoft of violating U.S. imperialist antitrust laws by using its influence to suppress potential competition from Netscape, resulting in a protracted Microsoft antitrust investigation.

If the Microsoft antitrust case does not break out at this time, shareholders will care about his death.

But at the moment when the Nasdaq fell sharply and just recovered, the Microsoft antitrust case intensified at this time, which can be called a house leak for both Bill Gates and shareholders.

On March 21, Justice Jackson, who is investigating Microsoft's antitrust case, threatened to rule on whether Microsoft had violated antitrust laws unless he received a joint recommendation from a mediator or the government and Microsoft.

On March 24, Microsoft submitted a written proposal that would restrict certain business practices of the company, but it was rejected by the government and 19 states.

On March 28, Justice Jackson postponed the final verdict and allowed the out-of-court settlement to continue, setting April 6 as the deadline for reaching an agreement.

On April 1, Judge Posner declared that negotiations between the U.S. imperialist government and Microsoft had failed to reach a final agreement, and that his mediation efforts had failed.

On April 3, Justice Jackson announced in Washington that Microsoft had violated U.S. imperialist antitrust laws.

As the situation of Microsoft's antitrust case became more and more unfavorable, it was reflected in the stock market, but it was the terrible momentum of Microsoft's stock price almost falling below the center of the earth.

On Tuesday, April 4, when the media hyped up the news of Microsoft's antitrust case, the Nasdaq fell into a situation of endless ups and downs after the 310 crash.

In the period from March 10 to early April, the Nasdaq fell below 3,100 points, and a large number of shareholders, funds, and securities panicked selling stocks.

The collapse of the Nasdaq has caused a lot of mourning in the capital markets of the United States and even the world!

Especially for those Internet listed companies, affected by the collapse of the Nasdaq index, the stock prices of many companies have fallen by nearly half, and in just half a month, nearly 4 trillion US dollars of wealth on the stock market have evaporated.

However, in the mourning of the people of the United States imperialism, in the underground trading hall of the umbrella base, there was a carnival scene at this time, Lin Cheng and Liang Botao hugged and shouted wildly with all the traders, celebrating their great victory in the capital market!

Compared with the Asian financial turmoil a few years ago, Lin Cheng has made a huge fortune in the NASDAQ stock market this time.

Only Lin Cheng and Liang Botao knew how much money this wealth was, and the traders generally didn't know, but they knew that the funds in their accounts were calculated in tens of billions of dollars.

There are as many as 35 traders in the underground trading hall, and when you think of the tens of billions of dollars in transactions handled by each trader, Lin Cheng's windfall profits are jaw-dropping and dizzy just thinking about it.