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The Nasdaq plunged today. But it is sudden, unstoppable, and pours out.

This made many people fall into panic, and many people on Wall Street were confused, not knowing what was going on, and actually caused the Nasdaq to enter such a crazy plunge, without showing any premonition.

Faced with the sudden problem, the experts were dumbfounded for a while, and Ziqi had not undergone such a test, so she couldn't help but turn her eyes for help to Fan Wuxi.

Fan Wuxian received Ziqi's message, and couldn't help scratching his head, although it was a little ungraceful, but it made the audience feel more intimate, he organized his words, and then said, "Actually, when the NASDAQ index hit the 5,000-point mark this year, some financial analysts calmly saw the bubble in high-tech stocks, but this bubble is still getting bigger and bigger." Due to the extremely speculative smell of the NASDAQ index, stock prices are speculated to the point that they are completely out of reality, and there are many people who are currently there. The average price-earnings ratio of the Nasdaq index is as high as 800 times, and the sharp rise in the price-earnings ratio means that when the earning power of listed companies declines, the stock price has risen relatively. ”

After he talked for a while, several experts finally came to their senses, so they also joined the discussion, the original discussion about the Internet café industry was suddenly put aside, and everyone was discussing a question, the Nasdaq crash was temporary, or a beginning? Where is the depth of the decline this time?

"After the longest period of economic growth in history, the incentive for foreign capital to continue to flow into the United States has gradually decreased, on the contrary, the incentive to take some investment profits in the past and transfer funds out of the United States to other regions in search of opportunities is increasing, if a new round of capital flows is formed, it is not unusual for the Nasdaq index to fall from its high level by more than a quarter or even half." Fan Wuzhi is also relatively sure of this.

"Does Mr. Fan think the Nasdaq will fall below 2,500 points?" Some people feel that Fan Wuxi's expectations seem a little too strong.

"No, my prediction is that in a year's time, the Nasdaq will fall below 2,000 points." Fan replied with a smile.

Listening to Fan Wuxian laughing about the bottom line of the Nasdaq here, people can't help but think of when the Nasdaq climbed the 5,000-point mark, and some people even thought that the NASDAQ had the hope of climbing the 10,000-point mark in the near future, or even surpassing the Dao. Jones Index.

What's more, some people estimated that the annual growth rate of the NASDAQ index at that time was 334, and within a few months, the NASDAQ index would surpass the Tao. Jones Index. And a year later it broke through 16,000 points. These comments now seem really ridiculous, but they also reflect the enthusiasm people have for high-tech stocks.

Fan Wuxian said a paragraph in the various complex expressions of the people, "high technology does have an attractive side, it is the endless new technology and high technology that make people's lives change with each passing day, it brings happiness to human beings, but also brings great wealth to the enterprises that own it, but the ups and downs of the stock market tell people a truth: only when this happiness becomes real, the wealth of the enterprise can be real, just by enthusiasm and pursuit, the bubble will always be a bubble." ”

Over the next few days, everyone was fascinated by the continued decline in the Nasdaq index.

And Fan Wuxian himself knows very well that such a decline is just the beginning.

In less than half a year, the US NASDAQ stock market, which has been soaring proudly all the way, suddenly turned around and fell without warning, and the composite index will fall by 40% from its highest of 5,100 points within half a year, and the market value of more than $8 trillion in companies will evaporate, which is more than the annual income of any country in the world except the United States.

AOL-Time Warner alone will lose more than $100 billion in paper assets, almost all major Internet companies will suffer heavy losses, Cisco's market value will fall by 70%, Yahoo's market value will fall by 90%, and Amazon will be no exception.

With the bursting of the global dot-com bubble, several Chinese companies listed in the United States were not immune. Sina's shares fell to a low of $1.06, Sohu fell to 60 cents, and NetEase was even worse, with its share price at 53 cents at one point.

China's immature Internet economy has entered a trough of disillusionment early. In the future, this may be a painful period that must be experienced, and the first sprouts can only ripen after a frost test.

Fan Wuxian has always been unsure of the bad news when the stock market plummeted, in fact, he has been preparing for this day for a long time, except for some stocks in key industries that must be kept, most of the stocks have been sold before Christmas, the main task of the company's headquarters at this time is not to do anything else, but to count the recent returns, and at the same time consider how to invest this part of the new funds into various industries to obtain greater benefits.

In recent days, the media has been promoting the myth of the network economy has been shattered, and the implication is that there is no sense of schadenfreude over the collapse of the US Nasdaq, and in fact, since the bombing of the embassy, the Chinese mentality has always been happy that Americans are unlucky.

The myth of the so-called network economy refers to the fact that the US stock market has risen with the rapid development of high-tech industry, and many Internet companies have gone public one after another, making huge profits by issuing initial shares, and the Nasdaq index has soared from 2,000 to 5,000 points in less than two years.

At this time, when the bubble of the stock market burst, huge wealth evaporated, Internet companies closed down one after another, and the illusion that the so-called Internet companies "continued to develop at a loss" and "the new economy changed the laws of the economy" was also shattered.

However, if you look at the big picture, things are more complicated.

The bubbles that burst were website companies on the stock market and small companies that were not yet listed, and venture capital shifted. The sales of products have declined, but the fundamentals of the network economy, including semiconductors, computers, infrastructure, software and other industries, have not been seriously damaged.

Large companies such as Microsoft and Intel are still profitable, stock prices are rising, new technologies are being promoted, new products are constantly being introduced, online shopping is rising, and web pages and Internet users continue to increase.

In the United States, companies are about to emerge from the trough through mergers, layoffs, and import reductions, and have quickly passed on some of the crisis to Asia.

China's computer hardware production has accounted for one-third of the world's output, at this time will inevitably be affected by this round of fluctuations, the IT industry of various products oversupply, semiconductors, including the production of microprocessors, memory chips of various semiconductors operating income has been declining.

Cisco, a major provider of network infrastructure network equipment in the Chinese market, also posted its first quarterly loss in 11 years, and inventories of fiber-optic cables made by companies such as Corning have also surged due to oversupply.

Against the backdrop of the overall recession, software sales have not sold as well as in previous years, and Microsoft's Windows operating system, for example, is mostly bundled with other products, and because of security vulnerabilities. Sales were greatly affected.

The rise and fall of the stock market directly restricts the rise and fall of the industry, and many Internet companies in the United States are run by the injection of venture capital, and the NASDAQ stock market allows such companies to go public before they get their first income.

For example, the stock of Alibaba, which designed business trading software, rose by 580 in six months, from $25 to $170, and now their stock price has fallen by 98 percent to about $4. And there are website companies. then simply go bankrupt and dissolve.

During the period of the bubble of Internet companies, many website operators scrambled to make a lot of money by issuing the initial issue, but these companies actually did not have much operating income, nor did they have commendable performance, let alone make a profit, and they expanded their scale and advertised on a large scale when they got capital from the stock market.

This year, due to the sharp drop in the NASDAQ index, the stock market has closed its doors to Internet companies, and the companies that have been able to gain a foothold in the market are all e-commerce companies in the industry such as semiconductors, computers, memory, infrastructure, security, and books and other goods.

According to an analysis by the San Francisco-based Internet Merger Company, the collapse of the company was not due to fierce competition, but because venture capitalists suddenly closed the door to startups that were in dire need of capital when they found that their hopes of investing in the Internet company had disappeared, which is the main reason why many Internet companies have failed.

Amid the rush of bankruptcies, there has been a surge in mergers and acquisitions, and big established companies, including Microsoft, have joined the ranks of acquisitions, not just websites, but to acquire assets that they like that will be useful for building the network in the future, such as digital management tools, security measures for computer virus management, hacker tracking, mobile Internet access, business operation software development, customer relationship management software, etc., which are very attractive to buyers.

In fact, the interest of buyers also reveals the future use of the network, and the industry is directly restricted by the stock market.

The top priority for Fan Wuxian to do is naturally to acquire Internet companies on a large scale, this time he is still aiming at the outstanding shares on the stock market, this part is cheap for him, free to come and go, there is no burden, of course, he is not in a hurry, anyway, the fall of the NASDAQ index is just a start, let the headquarters make a plan first. Just go through the task step by step.

In fact, what made Fan Wuxian feel a little distressed was Cisco.

Although Fan Wuxian also wants to release a part of Cisco's outstanding shares, and then wait until the stock price falls to buy back at a low price, but now it seems that everyone is very interested in this communication equipment manufacturer, just after releasing a small part of the shares, there are more than a dozen strategic acquirers in the market, which makes Fan Wuxie's subordinates more vigilant, and no longer dare to act rashly.

After Fan Wuxi learned about this situation, he was also a little helpless, after all, anyone can look at a good company, if he really wants to give up control of Cisco, I believe that many people will rush over to break their heads immediately.

The Spring Festival is coming soon, and it will inevitably be busy again.

It's just that Fan Wuxian is more concerned about the construction of Huafeng Network, and all the physical industries are basically on the right track, even if it is a large aircraft project, at this time, it has also begun to work on intense design and site construction, so he always has to go to Huafeng Network to go around when he has something to do, and then see if there is anything to improve, and point it out to them.

On the night of Chinese New Year's Eve, the family returned to the capital.

Seeing Shen Ying and Xiao Qiang getting together and talking to their mother Zhang Mei, Fan Wuxian discussed with his brother Fan Kang about repurchasing the shares of the three major portals.

"Now that we've fallen more than half of the way, isn't it time to start?" At this time, Fan Kang admired his brother Fan Wuxi's budget, and he didn't expect that he would sell tens of hundreds of dollars a piece, and now it would fall into such a tragic situation?

And Fan Wuxian said to him, "The time is not right, don't worry, it's not too late for you to pay attention when it falls below a dollar." ”

"It's not that bleak, is it?" Fan Kang asked with some surprise.

"It's estimated that it will fall to tens of cents!" Fan Wuxian pouted.

Fan Kang's eyes lit up when he heard this, "Damn! If it falls below a dollar, I'll buy as much as I want! That's a bargain chip! ”

Fan Wuxian replied with a smile, "Don't worry, anyway, it will be difficult for Internet stocks to turn over in two years, you just come slowly, it should be your thing, it won't run away, and it will return to your hands after all." ”

Fan Kang nodded and said, "I just didn't expect that the stock market would fall so badly, but the domestic stock market is doing well, which makes people itch." ”

Fan Wuxian smiled and said, "What's going on in the domestic market, aren't you unclear?" The false fire is too strong, and sooner or later you will have to follow in the footsteps of the Nasdaq, and the overall market value is not high, there is no room for speculation, you still don't want to get involved, save yourself trouble, after all, the recent call for a blow to the evil village is still very high. ”

Fan Kang said, "In fact, there is no reason to crack down on Heizhuang, everyone is a player, and when you enter this casino, you are willing to gamble and lose, if you don't want to make money, who can pull you in?" ”

Fan Wuxi smiled slightly, and was about to say something, when he heard the sound of brakes coming from the courtyard outside, obviously his father Fan Heng had rushed back.

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