Category: Money Tips Date: 2007-03-29
Chen Jiwu: Wells Fargo Fund Management Ltd Deputy General Manager in charge of research and investment.
Master of Computer Science, Zhejiang University. Since 1994, engaged in trust and investment, commercial banking, investment banking, she served as headquarters of Zhejiang International Trust and Investment Investment Bank Vice President, South fund company fund managers, the use of central fund of funds China Life Investments Chief Investment Officer.
The development of the market changes, hot spots, alternating changes in the market change. To fame and fortune as the target of speculative funds and investment funds, but also hot with the market transformation and to obtain profits or losses. The short-term market hot spots, hot spots of the fleeting so that speculative funds which wiped out along with the passage of hot spots; market, there are persistent hot spots, hot spots speculators chasing the last picked up only regret sesame, pound-foolish.
In short, the market hot spot can be roughly divided into three categories: First, the market is constantly in development and changes will have a local non-equilibrium state, such a partial value of the imbalance causing the distortion, when the distortion reaches a certain level of When fame and fortune of the funds will go to such distortions in transition to a balanced position, forming a partial return to the value of the market is characterized by hot, from non-equilibrium state as the market gradually return to equilibrium, this hot spot of the market stimulating effect is gradually weakened; Second, in a relatively balanced market, due to some factors that influence the market's sudden change in the formation of a hot market funds short-term fame and fortune, but in such factors, sudden changes The effects have been accepted by the market or the impact of regression to normal levels, the market hot spot may also evaporates; for example, may lead to the emergence of SARS in some sectors of the stock of short-term rise, but the SARS after the price of these shares will also be restored to normal levels; the three basic factors influence the market some of the major changes, in general this effect is long-term and they can bring changes in other factors to form a concentration of market power, leading to emergence of new hot spots, and some will be a domino effect, there other hot spots. For example, if oil prices continue to rise sharply, the new energy market will be the formation of hot spots, and to further trigger a chain of redistribution of each link in the profit and trigger a new hot spot.
Substance is the movement of thought in the constantly changing market funds are different ways in the global market liquidity is also a hot market, in different markets, different investment groups and the different nature of funding, it is also not the same as will appear the market price variations. In a particular market environment, through the formation of hot spots on the market causes, impacts, funding preference analysis of the apparent phenomena in order to form a more rational market strength and sustainability of the outbreak hot spots judgments. It is only through the surface of hot hot grasp the nature of possible hot spots in the complex market changes, as far as possible to avoid investment failure, which will help take the initiative.
