legendary trader

Chapter 717 71836000? 40000?

The news media on Saturday, whether it is domestic or foreign, as Chen Fan expected, the financial news kept reporting that the Nasdaq index broke through the 3-point mark, and the market set a new record for three consecutive days. The Dow and the S&P are also rising steadily, and the Dow also broke through the [-] mark for the third time this year.

In fact, the Nasdaq index has been setting new historical highs since its opening, but the journey to new highs always feels bumpy. The key is some small hurdles. After all, the 2000-point mark was already broken last year. , Continue to go up this year, of course, the news hits are a bit worse.

And after the new high of the Nasdaq index was continuously reported after the beginning of the year, the media itself felt tired for a month, let alone the feelings of readers and audiences.

Fortunately, in March, the Dow Jones Index first broke through the 3-point mark in the intraday session, and closed directly at 10006 points after half a month. This gave the media people another opportunity to report on the booming rice stock market.

But soon, with the bad economic data and the end of the spring offensive, the Dow and the S&P began to adjust one after another. Although the Nasdaq continued to rise, the Dow stopped before the 8-point mark until half a year later on [-] In January, as the Nasdaq index rose again, the Dow once again stood at the tens of thousands of points.

But in the end, only the Nasdaq index persisted. The Nasdaq index continued to rise and overthrow the city, while the Dow fell silent again after a short-lived, until the day before yesterday, it stood at the 3000 mark for the third time. At this time, the Nasdaq index has stabilized at [-] points above.

This time the index broke through the 3000-point mark, which means that the Nasdaq market has risen by nearly 1500% on average in one year. You must know that last year it rose from more than 2100 points to more than [-] points, but now it is less than a year. , The Nasdaq has already recorded an increase for the whole of last year, and there is still time to come. Judging from the current rising speed of the Nasdaq, the increase will only be greater.

What a horrendous increase, certainly worth bragging about.

Especially the day before yesterday, as the Nasdaq stood firm at 3000 points, the Dow Jones Index also regained the tens of thousands of points after two months. In this day, although the Dow did not hit a new high, the index has remained at a high level. It can be seen that the market trend is strong, and it stands to reason that it should have fallen long ago.

Well, back to reality, the news Chen Fan is watching right now is the introduction of a book written by an American. This book was published in October this year. The sales performance in the past few days was average, but in the past two days The book broke into the North American bestseller list for the first time. The name of the book is "10 Dow Points: A New Strategy to Profit from the Rising Stock Market".

The book is co-authored by James Glassman, a former Washington Post financial columnist, and Kevin Hassett, a research-in-residence at the American Enterprise Institute. scholar.

They claim in the book that, through the deduction of mathematical models, they believe that "the stock price may soon double, triple or even quadruple, and the valuation is still not too high." Based on this, they infer, "Dow Jones The date for the index to reach 36000 is likely to be in the first few months of the next few years, but maybe earlier."

However, there are even crazier prophets than them.

Two months before the publication of this book, a man named David Elias published a book called "The Dow 40000 Points: Strategies for Profiting in the Largest Bull Market in History", claiming that according to He calculated that the Dow Jones Index will reach a peak of 40000 points in the next ten years.

Well, these books were regarded as jokes before, but now, they have been turned up again amidst the booming stock market. The media people are keen, and they discovered these authors and the books they published very quickly, and then It is they who have become frequent visitors of TV stations, radio stations and newspapers in the past two days. The reporters are not only chasing the elites on Wall Street, but also following these insightful people.

The domestic reports are exactly the same as the previous few days. Although there are a lot of reports on the trend of rice stocks, most of the stocks mentioned in the article are those companies that have been proven, Qualcomm, which does not exist.

Perhaps it was due to the professionalism or vision of the reporters, but in short, Chen Fan didn't see any mention of Qualcomm as a company in the domestic reports.

"It's still too weak. The product is now mainly behind the scenes of mobile phones, and has not come to the foreground."

Chen Fan could only sigh in his heart. Qualcomm had also made finished mobile phones before, but they didn't achieve the desired results. At the beginning, they were only used to sell products produced by technical standards, so they sold this department very quickly. Up to now, except The industry knows about this company, but the public knows little about it. It is far inferior to a company like Miruan. The operating software has been popularized on most computers that the public can see.

Of course, this is also related to the current market value of Misoft. After all, it is a large company with a high market value. Although people buy more computers, they still know the computer brand, and they don’t care which products are installed in it. Just use it, but Mi Ruan's reputation is too loud.

Just kidding, the young man who couldn't even graduate from university, the company he created after making a fuss, directly promoted himself to the throne of the world's richest man, it's hard to know.

Although he didn't see what he most wanted to see in the report, Chen Fan still felt it. He knew what feeling everyone who read these reports would have in their hearts. Now it is a feast of wealth in rice stocks.

Chen Fan has to admire himself now. He had already deduced the current situation last year. Although it felt a bit unconstrained at the time, and there have been some changes in development until now, it finally came.

Late, but not absent.

The hype of the media will soon gather all the hot money and private wealth in the world, and transfer them to the rice stock market in various ways, and the Nasdaq market will undoubtedly be the home of this feast.

Success also depends on the media; failure also depends on the media.

But touting it now is better than continuing to tout it when the market is cutting leeks in the future.

Chen Fan could only sigh in his heart, it's so dark, should he do something then?
Chen Fan, who was scrolling through the news in boredom, suddenly rang. It was the second brother Wang calling, inviting him to play golf tomorrow.

In the imperial capital in November, it is the last time to go out for an outing. If it is later, the weather will be cold, and it is unrealistic to go out to play. Unless you fly to the South Stadium, just kidding, how can you play in the freezing weather.

Resolutely agreed, since staying at home is boring anyway, it’s good to go out for a walk, and by the way, ask him how far the project has progressed.

(End of this chapter)