Although it is a sweaty summer in the northern hemisphere, no one inside the New York Stock Exchange feels hot, but feels cold, as if their hearts have been swept by the Siberian cold wind.
General Motors has hit rock bottom. At its peak, its total market value was as high as US$117.6 billion. At this time, it has only less than US$32 billion left, a drop of more than 70%.
It's not that General Motors didn't work hard, but because the market environment was affected by bad news and the short-selling forces blocked it, it instantly triggered a chain reaction, causing everyone to sell their stocks in unison.
When everyone is selling or shorting the market, a stampede effect ensues, and the consequences are disastrous.
The US stock market, which had been in the doldrums for a long time, suddenly exploded into a stock market crash. The domino of General Motors fell, and countless other dominoes followed were crushed by the general trend of the market.
"Haha...I'm done."
"Fake squid..."
"Damn GM."
"..."
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 jumped down out of despair.
bump!
The Wall Street elite who were well-dressed yesterday are now cold corpses.
"Isn't this guy Philip?"
"it's him."
"This time he failed and lost more than 50 million."
"He turned on the lever?"
"if not?"
A few dozen meters away from the body, a few people were talking about it.
Suddenly! Touch!
"ah……"
"Oh my God!"
"Shet!"
"Get the hell out of here."
Apparently another person committed suicide by jumping off a building, and it also hit the people below. It seems that it is also very dangerous to be a melon-eater.
The unlucky guy who was hit was now lying on the ground motionless. Looking at his head that was almost glued to his shoulders, you knew that this guy was finished.
The frightened people hurriedly left near the base of the high-rise building or hid indoors.
…
The hungover Bob wiped his eyes and subconsciously picked up the hologram phone, intending to check the time.
Then he saw a lot of unread messages.
[Dear customer... The General Motors stock you purchased has been forced to liquidate because it hit the stop loss point...]
After seeing this message, Bob suddenly woke up and quickly looked through it again. After a while, his hands and feet were cold as he looked at the remaining 213 US dollars in his securities account.
A sense of despair filled his heart, and Bob lay dejectedly on the bed. The previous 2.4 million U.S. dollars with interest, now only had 213 U.S. dollars left.
If it was just this, he wouldn't be so desperate. He has maxed out his credit cards these days, and together with the sports cars and villas purchased with loans, he has accumulated a debt of nearly 2 million US dollars.
Even if his family had some money, this time it would still be very tough.
"Ahhhhh... Fake Squid... shit..."
Bump! The holographic phone in his hand was smashed to pieces.
If you want to destroy someone, you must first make them crazy.
There are many crazy gamblers like Bob. Some people lost everything in an instant, some were heavily in debt, and some could no longer bear the pressure and took the initiative to return to the embrace of God.
General Motors Headquarters.
President William looked at the computer screen in despair. General Motors' stock had completely collapsed.
Although General Motors still has a lot of fixed assets, the other 5oo batteries are not without a fighting force.
But investors are desperate for the future of General Motors. A company with no future, coupled with the market environment, and General Motors itself must go against the grain.
Many people knew that General Motors' stock was going to fall, and they all wanted to sell it at a high level immediately. As a result, everyone was selling, but only few people were willing to take over the stock. The consequences can be imagined.
"Mr. President, our funds can no longer support the repurchase." Mu Youxiaoji rushed in and said.
William waved his hands feebly: "Stop! We are no longer universal."
"..." Muyou Xiaoji also fell silent.
The decadent William slumped in his chair, his tone somewhat unwilling and sad: "We lost, we lost completely. All of this is my responsibility. If I hadn't been so radical, maybe I wouldn't have lost so completely today.
"
Mu Youxiaoji lowered his head and said in a low mood: "Mr. President, this is not your fault alone. It is our fault. We overestimated ourselves and underestimated Galaxy Technology."
"Yes! We overestimated ourselves too much, but we didn't expect that the other party had already prepared a trap for us to jump into." William laughed at himself for not overestimating our capabilities.
"Mr. President, start the restructuring plan! Then we can apply for a trading suspension." Muyou Xiaoji suggested.
"This is the only way." William knew that this was the only way at present, by announcing the reorganization and then applying for a trading suspension to temporarily avoid the sharp decline of the stock market.
However, this can only be a temporary solution to delay the death of General Motors.
"I'll prepare the restructuring plan and suspension of trading. Mu You, please think of a way. We must solve the problems of General Motors during the suspension of trading, otherwise we will only go bankrupt." William regained his composure and told Mu You Xiaoji.
"I will definitely find a way!"
the other side.
Elon Musk looked at the plummeting Tesla stock, which was now one of the first four in size. He did not expect that Thor Battery was so insidious. They only announced the new battery after they invested a large amount of money.
Now their money will be wasted. Of course, Tesla's own problems are not as serious as General Motors'.
Now it's just because of the collapse of General Motors that Tesla has been affected. At worst, it will use Thor Battery again in the future. As long as he uses his smooth tongue to deceive, he will soon be able to stabilize investors.
However, Ford, Volkswagen, and Audi are really in bad luck. Although the decline is not as severe as General Motors, it is still terrible.
After the Mi stock market opened in the afternoon, it was not just the automobile sector that plummeted, but also the auto parts sector, the steel sector, and even some unrelated sectors.
Obviously, the domino fall of General Motors has caused a rather large chain reaction, mainly due to the overall deterioration of the market environment, leading to panic selling.
Human beings are social animals, and it is very easy to induce 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 sharp decline in rice stocks dragged down the Xizhou stock market, and then the whole world was affected by the stock market crash.
Even the domestic big A stock markets, the Xiangjiang stock market and the Keelung stock market have been affected to a certain extent, but they are benefiting from the good domestic economic development.
This time the stock market crash not only did not cause the domestic stock market to fall, but after a slight decline, it triggered a new round of rise.
The main reason for this situation is that some of the funds withdrawn from the Mi stock market and Xizhou stock market are flowing into the A-share stock market, 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 markets all over the world are currently in red, the problem is that the domestic stock market is rising, while the foreign stock market is falling.