Chapter 325: Chain Reaction
August 5th.
New York time, slightly past eleven o'clock in the afternoon.
Although it is a sweaty summer in the Northern Hemisphere, no one in the New York Stock Exchange feels hot, but cold, and their hearts are as if they have been swept by the cold Siberian wind.
General Motors has fallen to the bottom, with a total market value of $117.6 billion at its peak, and less than $32 billion remaining, a drop of more than 70%.
It's not that General Motors doesn't work hard, but because the market environment is affected by bad news, coupled with the resistance of the bears, it instantly triggered a chain reaction, so that everyone is selling their stocks together.
When everyone is selling or shorting the market, the stampede ensues, and the consequences are catastrophic.
The rice stocks, which had been in the doldrums, broke out in an instant, and the dominoes of General Motors fell, and countless dominoes behind them were crushed by the general trend of the market.
"Haha...... I'm finished. ”
"Falk Squid ......"
"Damn General Motors."
“……”
A middle-aged man with bloodshot eyes, like a gambler who lost a bet, came to the top floor of the New York Stock Exchange in despair, and he jumped off without love.
Touch!
The Wall Street elite, who was well-dressed yesterday, is today a cold corpse.
"Isn't this guy Philip?"
"That's him."
"This time he planted it, and he directly lost more than 50 million."
"He's leveraged?"
"Or else?"
More than ten meters away from the corpse, some people were sparsely discussed.
Suddenly! Touch!
"Ah......h
"Oh buy karma!"
"Shet!"
"Stay away."
Obviously, another person committed suicide by jumping off the building, and he also hit the people below by the fish in the pond, and it seems that it is also very dangerous to be a melon eater.
The unlucky guy who had been smashed was lying motionless on the ground now, and looking at his head, which was almost glued to his shoulder, he knew that this guy was finished.
Frightened, a group of melon-eating people hurriedly left the vicinity of the bottom of the high-rise building, or hid indoors.
……
The hangover Bob wiped his eyes and subconsciously picked up the holographic phone, intending to look at the time.
Then he saw a whole bunch of unread messages.
[Dear Customer...... The GM stock you bought has been liquidated due to the triggering of the stop loss level...... ]
Seeing this message, Bob suddenly came to his senses, and hurriedly looked at it again, and after a while, he looked at the remaining 213 US dollars in his securities account with cold hands and feet.
A sense of despair filled his heart, Bob lay on the bed decadently, and the 2.4 million US dollars that had been used with interest before were only 213 US dollars left at this moment.
If this is the only thing, he would not be so desperate, he has maxed out his credit card these days, plus the sports car and villa he took out a loan to buy, which has accumulated a debt of nearly 2 million US dollars for him.
Even if he has a little money in his family, this time he will be broken.
"Ah......hh Falk Squid ...... Shit ......"
Touch! The holophone in his hand was shattered by him.
If you want to destroy people, you must first make them crazy.
There are not a few crazy gamblers who have encountered the same as Bob, some people have nothing in an instant, some people are in debt, and some people can no longer bear the pressure and take the initiative to return to the arms of God.
General Motors Headquarters.
President William looked at the computer screen in despair, and the stock of General Motors had completely collapsed.
Although GM still has a lot of fixed assets, the Super 500 battery is not without the power to fight.
But investors are desperate for the future of General Motors, a company with no future, coupled with the market environment, and GM itself is bound to be the opposite.
Many people know that GM's stock is going to fall, and they want to sell it at a high level immediately, but everyone is selling, but there are few people who are willing to take over, and the consequences can be imagined.
"Mr. President, our funds are no longer able to support the buyback." Mu Youxiaoji hurriedly rushed in and said.
William waved his hand weakly: "Stop!" We're no longer universal. ”
"......" Mu Youxiaoji also fell silent.
The decadent William sat down in his chair with some unwillingness and sadness in his tone: "We lost, we lost completely, all this is my responsibility, if I hadn't been very aggressive, maybe I wouldn't have lost so completely today." ”
Mu Youxiaoji lowered his head and said depressedly: "Mr. President, this is not your fault alone, we are all wrong, we overestimate ourselves and underestimate Galaxy Technology." ”
"Yes! We overestimated ourselves too much, but we didn't think that the other party had already prepared a trap for us to jump into it ourselves. William laughed at himself for his inadequacy.
"Mr. President, let's start the restructuring plan! Then we can apply for a suspension. Mu Youxiaoji suggested.
"That's all there is to it." William knew that this was the only way to avoid the stock market's decline by announcing a restructuring and then applying for a suspension.
However, this can only be a temporary measure, delaying the death of GM for a while.
"I'll prepare a restructuring plan and a suspension, you have to think of a way, we must solve the problems of General Motors during the suspension, otherwise we can only go bankrupt." William pulled himself together and commanded Kiyo Xiaoji.
"I'll find a way!"
The other side.
Elon?? Musk looked at the Tesla stock that had plummeted, and now it was the first four big, and he didn't expect the Thor battery to be so insidious, and he waited until they invested a lot of money before announcing the new battery.
Now their money is going to be wasted, of course, Tesla's own problems are not as serious as those of General Motors.
Now it's just that due to the collapse of General Motors, Tesla was affected by the pond fish, and it's a big deal to use the Thor battery back in the future, as long as he plays the three-inch foolish method, he will soon be able to stabilize investors.
However, Ford, Volkswagen, and Audi have really fallen into blood mold, although the decline is not as serious as that of General Motors, but it is still miserable.
After the rice stocks opened in the afternoon, not only the auto sector was plummeting, but also the auto parts sector, the steel sector, and even some unrelated sectors were falling.
Obviously, the domino of General Motors has triggered a bit of a big chain reaction, mainly because the overall market environment has deteriorated, triggering panic selling.
Man is a social animal, it is very easy to cause the herd effect, in this case, many people will subconsciously choose to sell stocks, and then hold banknotes or gold to ensure the safety of their property.
The heavy fall in rice stocks dragged the Xizhou stock market into the water, and then the whole world was affected by the stock market crash.
Even the domestic big A, Xiangjiang stock market, and Keelung stock market have been affected to a certain extent, but they have benefited from the good economic development of the country.
This time the stock market crash not only did not make the domestic stock market fall, but after a slight decline, it triggered a new ** rise.
The main reason for this situation is that some of the funds withdrawn from the rice stocks and Xizhou stock markets are flowing into the A-shares, Xiangjiang stock market, and Keelung stock market.
Obviously, many international investors are more optimistic about the development of Dongtang and Galaxy Consortium.
Although the stock market in the world is now red, the problem is that the domestic red is rising, and the foreign red is falling.
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Sogou