God must let him go crazy before he perishes.
US stocks staged a night of shock on September 9 (Tuesday), opening lower and lower, led by technology stocks such as Apple and Tesla. The Dow plunged more than 600 points and the Nasdaq fell 4.1% vertically. Tesla, which had previously enjoyed gratifying gains, plunged 21% overnight. Apple also plummeted by 7%, and its market value lost $140 billion (about 10,000 yuan) overnight. Other technology stocks such as Amazon, Netflix, Google, Facebook, and Microsoft are also bleak.
Chip stocks also failed miserably, with Nvidia’s biggest decline in 6 months-9.3% , Qualcomm, Broadcom, etc. each fell to varying degrees; Philadelphia Semiconductor, which is related to chip dividends, fell 5.7%, and its market value directly evaporated 100 billion US dollars.
The crude oil market is also in constant decline, with US oil falling more than 7% and Bursa oil falling more than 5%.
On Black Tuesday, countless investors wailed.
(Look at the green people here)
U.S. stocks are already extremely crazy, the bubble will burst?
Under the leadership of the technology giants this year, although the US economy has been declining and the epidemic is out of control at any time, US stocks have bucked the trend, starting from 3. The month began to rise.
Beginning in March, the Federal Reserve cut interest rates in an emergency to fight fires and implemented an unprecedented policy of "spending water". Under the loose monetary policy of crazy money printing, financial assets are obviously overheated. Hedge fund magnate Stanley Druckenmiller once said that the US stock market is already in a "crazy" state, with an inflation rate of at least 10%.
Some companies, such as Tesla and Apple, are "absolutely in extreme enthusiasm." For example, the market value of Apple once exceeded US$2 trillion, and Tesla has soared from US$80 billion to US$400 billion in just six months.
This situation, like the soaring price-to-book ratio of Japan in the 1980s, carries huge risks. The US stock market and economic fundamentals are almost diverged, and the market-to-sales ratio is ridiculously high.
The higher the market-to-sales ratio, the bigger the stock market bubble. Among the 8,513 common stocks in the US stocks, as many as 530 stocks have a P/E ratio of more than 10 times.
Nevertheless, many analysts are still bullish on US stocks. Although there is a bubble, it can last a while. Although the US stock market has entered the bubble field, it does not mean that it will burst immediately. Strategist Bell said that the decline in US stocks now is just a retracement of the previous two weeks.
In fact, after Black Tuesday, US stocks rebounded across the board on Wednesday (September 10).
(look at this gratifying red)
Tesla Regained 11%, Apple rose 3.99%, Microsoft rose 4.26%, and Amazon rose 3.77%.
But if the U.S. stock market really collapses in an instant, who will take it?
Due to the epidemic, many people in the United States can only work from home this year, and a large number of people will receive a considerable cash subsidy every week. These retail investors mostly choose to invest their money in the stock market, resulting in US stock trading volume more than twice that of previous years.
At that time, many people said, "The surge of leeks will make a good harvest after autumn." Indeed, the United States has been in turmoil after the fall. Major shareholders of Tesla and Apple have begun to reduce their holdings. Can retail investors still have time to leave?
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