Gu Mingde: The Coming Of Market Peak

Investors in Shanghai and Shenzhen stock markets, especially small and medium-sized retail investors, who are immersed in the atmosphere of Daniu, often find it difficult to agree with possible intermediate adjustments. Because the recent adjustment of daily or weekly transactions has been overwhelmed by new funds coming in. Market optimism is at its peak when management reviews the stock market. However, the transformation from ox bear to bear is the same. bull market The intermediate adjustment is also inevitable. This adjustment often comes suddenly, the time span is more than two weeks or months, and the market index will also adjust more than 10%. This adjustment is not the end of the bull market, but there will be operational confusion for different investors. In particular, the new market investors will mistake the intermediate adjustment market for the bull market. adjustment The bottom or end of the stock market left the market, and then found that the bull market has not ended, and is rising at a high level. Psychological readiness and countermeasures are the prerequisites for a good stock market. This adjustment generally has the following characteristics:

First, the overwhelming majority. shares In a few months, they generally rose by more than 30%. It is difficult for the market to find stocks that have not gone up or underestimated prices. Most of the investors who have led the stock market have long been away. The price of these shares is far from the real value and the conventional idea. When the average price earnings ratio of gem is 90 times, and the price of total education exceeds 300 yuan, the alarm bell for market adjustment has been heard.

Second, the vast majority of investors are profitable, and the highest market value in recent years. In a gathering of friends, more than half of the profits doubled last year, more than 30% this year. Too many profitable chips will be scrambled for security, causing a diving adjustment.

Third, when industrial capital enters the market on a large scale, there are more and more announcements of major shareholders of listed companies, especially controlling shareholders, who are alarmed by the huge wealth brought by the rising share price. The goal of business life is suddenly over expected. At this point, when will it be thrown again?

Fourthly, outsiders, especially overseas investors, began to make profits. In March 25th, Shanghai and Hong Kong sold 1 billion 600 million net sales for the fifth time. A shares have a full premium on H-share prices, and the average price is higher than 30%. The blue chips also have a premium, although the average price earnings ratio of Shanghai and Shenzhen stock markets is not higher than that of the world average, but from the perspective of their own chain ratio, it has gone up too fast and needs time to digest.

Fifthly, the stock market volume and the scale of financing and the scale of external inflow have reached a new peak. The peak has been affected by the trading system, the normal financing transaction. The whole society and office staff are always concerned about stocks and shares. The shorter the trading time, the more money the new investors make, the more accurate the stock selection is. After the central bank cut interest rates and drop the benchmark, the market interest rate has dropped and funds are still scarce.

All these are the characteristics of the coming market peak. This peak needs adjustment and needs digestion. It needs to adapt to all aspects of society. Investors also need to advance their operational strategies ahead of schedule.