Chapter 227 When people no longer believe(2/2)
Although our Chinese advocates restraint, you don’t have to be too modest! The facts have proved that you already have this ability, and there is nothing to be embarrassed to be realistic.”
This is very reasonable.
Qiao Yu stopped talking, so he simply leaned over, picked up the mouse, clicked a stock he was interested in, staring at the screen and watching the market.
I have to say that although he doesn't trade stocks, it's still quite good to just look at the trends of those stocks. The stocks are sold continuously and then they are quickly eaten.
According to the calculation of each share of more than one hundred dollars, one hundred shares are more than ten thousand dollars. Whether it is buying or selling, any one can throw it into thousands or tens of thousands of shares...
However, in more than ten minutes, the trading volume had exceeded 100 million. Qiao Yu felt distressed.
After all, the market value is too weak...
A company is often pushed to a valuation of 2 or 3 trillion yuan, but it would be great if these technology companies can actually cash out assets of hundreds of billions.
Once you start to go through bankruptcy protection, the most valuable things are probably the lands and buildings above the headquarters building circle.
As for patents and intellectual property rights, they are only valuable if others don’t have. If others have similar technologies... it is a matter of opinion.
So there are always people asking where the money that has been evaporated in the stock market fell sharply? Qiao Yu thinks this question is the most funny.
The evaporated money can basically be understood as never existed. It is just an imagination of a group of people based on the so-called consensus.
Just like the 59 trillion market value of US stocks, in Qiao Yu's view, it is the collective imagination of many communities of interest.
When this imagination cannot be maintained, the valuation buildings built on second-order derivative expectations will naturally collapse.
This is also the reason why listed companies especially like to tell stories. Only those imaginative and irresistible stories can maintain the high valuation that everyone expects.
And once the fantasy is exposed, people no longer believe in the future...
The situation is probably like this now. You can only rely on investing more real money to change the psychological anchorage of some people and make them believe in the future again.
"Do you know why I don't like the stock market? Because I always think that stocks are a bit like quantum physics. Only when the transaction is finally conducted will its value collapse into the real price instantly, and it is unknown at other times.
.”
While Qiao Yu was talking, the situation on the display suddenly turned sharply. God knew what was going on, and suddenly countless sellers flocked to him, and the real-time K-line suddenly took a sharp turn...
Almost instantly, many parties couldn't resist it. After a while, Qiao Yu suddenly found that the page stopped moving...
Qiao Yu looked at the time on the computer. It was only 9:45 at this time. It seemed a bit wrong. The exchange could not get off work after only fifteen minutes of work, right?
Zheng Xiwen next to him probably saw Qiao Yu's doubts and explained: "The circuit breaker was triggered. You can understand it as the self-protection mechanism of the stock market.
When a stock falls to a preset percentage in a short period of time, trading will be suspended first, so that investors can calm down. Look, it has fallen by ten points."
Qiao Yu took a deep breath, blinked at Zheng Xiwen, and asked, "Well, Uncle Zheng, I'll arrange for you to follow me alone. Is it a little less?"
Chapter completed!