China's stock market on the beach with the sharks

 China's stock market on the beach with the sharks
This article first appeared in swimming and surfing. stock index crossed the 3,000 points, the Lao Yu's shore,UGG boots cheap, the sun on the beach swimming, surfing guy full of energy. Why high-risk stock market continued to rise? word: fun. Laoyu have the accumulated profits, so much capital to risk, swimming in the water just profit, but reluctantly, when the stock market the same as the sunny beaches, especially busy.
fundamental support in the absence of China's stock market environment also how far? The answer is: it depends on the sun and sharks. the sun is the wealth effect, the shark is the policy risk. wealth effect is the flow of information,cheap UGG boots, the stock market and the capital side, the emotional side continues to heat up in the interaction, originally had the support of the fundamentals and then accelerated away from the fundamentals to enter the cycle of self, and this is the end of 1996, Greenspan spoke of point to the 5100 crash, the Dow climbed from 6,500 points to 12,000 points after the crash on the duration up to 3 ½ years. Later, the The mechanism described as like a ripple in the inner circle of people know because the rock fell into the water, not too clear in the outer ring of people who did not even ask why. surfers will be this way, a beautiful thriller every action will have a market expected reverse the blink of an eye, the flow of information, Shark One tree so hard to face emotional support, psychological support for the market in April below the line, triumph of the great bull market came to an end,UGG boots, stock blew out, so I'm in Chengdu The current stock market is the policy control. In principle, only fine-tuning, can not be reversed, as in the winding corners, like on the speeding sport utility vehicle, the result will likely be overturned brakes. However, the policy fine-tuning the technical content is high, it comes easy to do difficult, economists can only be told what not to do, but most do not know what to do. current cell always say, the stock market bubble burst only when you know her, my responsibility is to put the loss down to the bubble burst minimum. Today, many people Greenspan Investors arbitrary, Fanglangxinghai. stock market bubble, such as river cross-flow, flood control, so to learn,UGG shoes, not blocking, only sparse.
investors may ask whether it is Who in the surf? a retail chase? Of course not. see Look for major Fund's equity position clear, the majority of the Fund's stock position is close to the limit, and there are many points in the stock index continued after 3000 jiacang. In the Chinese stock market, stock picking fund managers not to the level of success and failure, position depends mainly on the level of a match, so now is the fund managers in the collective surfing.'s position in the Fund's current level, a change in policy direction will be a collective interpretation of diving. so for ordinary investors, the biggest risk is that policy shift and funds diving, but these two risks are hard to detect. how do? or standing on the sidelines, or knife to walk. no matter how sure the opportunity, ordinary investors should set stop loss at the time of entry, pay attention to maintain the liquidity account, which can surf and adjustment in the stock market when the leisurely, its capability to fully enjoy the fun grow asset bubbles.
2009-7-22
in Chengdu