A few days later.
After the turbulence caused by Microsoft, the stock market gradually returned to normalcy.
Microsoft's market value dropped to over $530 billion, its overall market value declining by over $100 billion. Bill Gates' personal net worth also shrank significantly, by more than $15 billion.
Giants like Cisco, Oracle, and IBM also saw varying degrees of decline, losing tens of billions of dollars in market value.
January 27th.
Amidst the busyness of the film lara croft: tomb raider, Kyle took some urgent time to fly to Wall Street in New York.
After arriving at Gale Capital Investment Company, Kyle went straight to the office and instructed, "Andy, notify management at the level of group leader and above; meeting in the conference room in 10 minutes."
"Yes, Boss," Andy Cherop replied.
As the new president of Gale Capital, Andy Cherop's ability to find opportunities in a crisis might not match the departed Henry Eugenber, but he had one major characteristic: stability! Andy might not be able to earn the maximum profit for the company during a crisis, but he was someone for whom it was very difficult to lose money.
He was a man whose crisis awareness was maxed out!
Ten minutes passed quickly.
More than 20 members of Gale Capital's management, except for those out on business, had already gathered in the conference room.
Kyle sat at the head and said loudly, "Time is tight and the task is heavy, so I won't waste words. Andy, what was the nasdaq index when the market opened this morning?"
"4,302 points, Boss," Andy responded.
Kyle nodded, checked his watch, and asked, "It's 3:00 PM now. What is the index currently?"
"4,304 points!"
Kyle said, "In other words, in nearly a day, the nasdaq index has grown by another 2 points. Yesterday it grew by 1 point. Compared to the previous few days with dozens of points of growth, the current stock market has tended to flatten out. But... is that really the case? I don't think so!"
As his voice fell, everyone present looked at each other.
Andy said in shock, "Boss,
do you mean that the NASDAQ will experience another massive surge?"
Kyle nodded heavily.
What did a 4,300-point nasdaq index matter?
Breaking the 5,000-point mark in the future would shock the whole World!
"Ah... I understand!!!"
Suddenly, an executive exclaimed, "It's European capital, Asian capital, and other overseas capital from outside of America!"
Hearing this, Kyle's eyes immediately lit up.
"Belontan, continue," Kyle said, looking at him with appreciation.
Belontan Leeds, from Austria in Europe, joined Gale Capital Company in May 1998 and currently serves as the deputy manager of the Futures Investment Department.
"True modern finance originated in Europe and flourished at the London Stock Exchange in Britain. In traditional futures markets like gold, silver, and oil, European capital possesses strength that is not at all inferior to Wall Street."
Belontan looked around at everyone and said loudly, "However, although Europe has a large population, there are many more countries and regions. The small and multicultural territory leaves Europe lacking the soil for the rise and growth of the Internet. Therefore, the current development of the Internet in all of Europe is far behind that of America."
"Well, take the NASDAQ for example. The European capital currently involved has a fund volume of no more than $10 billion, accounting for less than 1% of the total NASDAQ equity."
"But..."
"Profit moves people's hearts!"
"Even if European and Asian capital maintain a cautious attitude toward Internet and high-tech stocks, they can no longer ignore the popularity of the NASDAQ!"
"They don't want to change, but... profit can make them change!"
As his voice fell, the people present looked at each other one after another.
They understood!
Everyone present was a shrewd operator; how could they not understand?!"
Speaking of Internet companies, why is it that by 2020, only China and America have World-renowned top-tier Internet companies?
Population size and the extent of the territory are the determining factors for the upper limit of an Internet company.
America's Microsoft, Oracle, Cisco, Amazon, including the future Facebook, Twitter, LinkedIn, YouTube, Google... and other large high-tech and Internet enterprises, all achieved great success and coverage in America before sweeping the World like a tsunami with huge user data and capital volume, defeating the local Internet enterprises of one small country and region after another.
China, with its large population and vast territory, can naturally resist risks and even counterattack overseas.
But other countries in Europe, Asia, and elsewhere do not have this risk-resistance capability.
Japan has a large population but a small territory;
Australia and Canada have very broad territories but are sparsely populated;
These countries and regions lack the soil for the rise of the Internet.
Capital is keen, but it is also slow. Just like the current wave of Internet stocks, European and Asian capital have rarely touched them. However, the current popularity of the NASDAQ can no longer be ignored by them!
"Boss, once European and Asian capital enter the market on a large scale, the NASDAQ is bound to surge wildly again!"
Andy Cherop was extremely startled.
"Exactly! There's more growth to come."
"Then we must be prepared. How can we let a chance to make a fortune slip by?"
"The nasdaq index breaking the 4,500-point mark is just around the corner."
Everyone present discussed loudly, each one red-faced with excitement.
Without the large-scale entry of overseas capital like European and Asian capital, even if Internet stocks were popular, they wouldn't break 5,000 points in such a short time.
Capital lifts everything high, waits for them to make money, and then... snap, it falls down and shatters!
Sure enough... in the following time, overseas capital entered the NASDAQ market on a large scale.
The downward trend of top-tier Internet stocks like Microsoft, Cisco, Oracle, and Amazon was halted, and their market values all saw a surge;
Small and medium-sized Internet stocks like ICQ have gone crazy recently, gaining billions of dollars in market value to varying degrees.
Retail investors didn't hesitate to spend money;
Investment institutions from overseas made even larger investments in the stock market;
According to incomplete statistics, in just a few days, the overseas capital pouring into the NASDAQ reached as much as $200 billion.
By the end of January, in just a few days, the nasdaq index boldly broke through 4,500 points!
For a time, all of America and the whole World were in an uproar!
Film company bosses, farmers, self-employed individuals, office white-collar workers... from all walks of life, as long as they had some money, all focused their investments on Internet and high-tech stocks.
There was no helping it; the money came too easily!
Wall Street was making a killing, and Gale Capital also quietly raked in tens of millions of dollars again.
Up to now, the $3 billion that Gale Capital initially invested in Internet stocks has turned into stocks worth $5 billion.
5,000 points!
The nasdaq index will surely break 5,000 points!
This was the common view of all investment institutions and individuals involved recently. However, under these circumstances, Kyle made a decision that left everyone at Gale Capital dumbfounded.
"What?"
Andy Cherop looked at Kyle in surprise: "Boss, are you sure you want to start selling off the stocks now?!"
Everyone was left staring in stunned silence.
Kyle said expressionlessly, "Before February 20th, I want to see these $5 billion worth of stocks completely sold off. Secure the profits."