Category: Money Tips Date: 2006-07-03
Revealed inside story of China's stock market dealer Mass entertainment "Super Girl" is over, but "Jane Zhang phenomenon" is still the topic of gossip: Why are people around us, and even the media agree that public Zhang Liang Ying, but her SMS support has lagged far behind the other two competitors? It was noted that Jane Zhang in line with people's aesthetic taste 70 years. But the new generation, more like the other two girls. They are not "social voices" mainstream, but it is the mainstream vote. Lenovo's stock market, value investing is the mainstream sound, but the market values in the stick, however, are few. Lively stock restructuring market, by non-value investors, initiated and promoted. - Taken from Shenyin study "stock reform," Feast ", how many delicious"
In the economist Keynes's beauty contest on the generation of master also tells the same philosophy: "the newspaper published 100 photos, from the reader to choose the 6 you think of the most beautiful beauty. Who is the choice of results with other participants guessing loving those closest to the average will come to winning. In this case, each quiz who do not vote for him they think the most beautiful, while others elected him to speculate that the most beautiful people. "Simply put, that is, in this kinds of beauty contest voting, quiz persons (voters) cast their view, the most beautiful of the beautiful one vote, and not a statement win, correctly predict the movement of other Guess who may be in order to sure of success. Keynes This analogy, used in the stock market is to buy a stock you think have a future, the stock price must rise and take the risk because we compete for orders. Here is the rise of stock prices that stating that the buyer ample funds, the new approach more than keep taking over, and the prices will be a wave of high-Bobby finally gains the formation of a large number of investors buying at this time, just as homeopathy and prosper.
First, the stock market in August a group of data 1, a total of 12 equity funds, with an average net increase of 2.51%; partial stock-fund a total of 53, their average net growth of 2.57%; of these golden eagle in the small-cap Select Fund to 6.59% of the net growth rate among the whole market funds, the first place.
2, the Shanghai Composite rose 7.3% over the same period; CSI 300 rose 4.27%. 3, today's investment value-stock pool (total 53) of the average return rate of 10.06%.
This set of data on anything at all?
1, the fund manager or not changed its original value investment philosophy, which is right. The problem is that the value of the fund managers invest in the so-called theory of growth is also limited to investment.
However, the current market environment has undergone tremendous change, leaving aside the "split share structure reform," did not say, because economic growth is slowing down, resulting in lack of growth momentum stocks, future performance will be better than before; defensive stock price is no longer cheap, believed to be overestimate the number of investors. The appreciation of the RMB is expected to become a value stock (to focus on brand name and the value of the assets, as well as cycle-based bottomed out of the company) out of the bottom of the catalyst, as a period of investment theme.
2, in that case was not hot of the stock market as fund managers, it is who did it? Is the author on August 15's "banker is back?."
At that time that "the dealer is back?" The reasons are: Zuozhuang profitable basis, there are two main criteria:
The first value (the value here refers to "split share structure reform"), most people can be recognized. The so-called value to attract investment, the value to attract speculative follow suit.
Second, the stock market systemic risk is very small. A-share market's overall valuation of the valuation in accordance with international standards even attractive. More importantly, the positive stock market policies, such as the Shanghai Composite on August 30 before callback to 1146 points, the SFC on the convening of a fund manager flew into joint, where round after round of self-evident. 1200-point mark in the stock market shocks, the "China Securities Investor Protection Fund was formally established limited liability company" and "QFII quota approval of new floodgates, the scale expanded to 10 billion U.S. dollars" policy, and timely issued.
Therefore, making time to come back naturally.
