Category: Money tips Release Date: 2006-04-09
The current bear market is Zeyang end?
The next bull market is Zeyang start?
Try to guess some rehearsal. . . . . .
The first phase of a bear market: the eradication of the most fanatical of the chase the higher, that is, received the final pass to spend a drum stick player, that is, into the concert hall when the music stops the players belong to the unfortunate from the first been eliminated. Above the admission in 2000, (or, more than 1,800 points of admission) in relation to belong to these fools. This group of players in July 2001 began to decline in a period of about three months was quickly wiped out in October fell below 1,800 points since then, these people would never have been some sort of relief too.
At this stage, there are many people escaped. . . But their short results will be destroyed. . . . . . .
The second phase of the bear market: the eradication of speculative short molecules. These people escaped the 2245 points to 1800 points between the crash and was also survived (or carry over a) the crash of 1800-1339, but they are 6.24 at the beginning, to the present So far, good luck (or high levels) is not loss, no gain, luck has been stuck on the handicap, and that many of them have converted to carry dead faction. . .
Bear Phase III: the eradication of pseudo-value investor, that is interested in shares times the current shares, or the so-called automobile, banking, steel stocks this group. Because they believe the stock market, "28 law" and therefore, in the broader market is relatively balanced (or even a balanced weak) case, this 20% of the shares may have relatively good performance. This group it would be possible since the 1649 points, until the 1100 points (or 1000 points) about the decline of been eliminated.
Bear Phase IV: the eradication of real value to investors. They may be entering such a time: full circulation of the problem has been resolved, or appears to resolve the credibility of expectations, the level of price-earnings ratio has fallen to the so-called level of investment value, the Shanghai index around 1,000 points, so, they believed that those who do not believe in the value investing theory of speculators who have been punished, it is what they are worth the time for investors to harvest. . . They may be down 1,000 points, "non-rational decline" in been eliminated. If you do not flesh, perhaps they could carry in the past. . .
Bear fifth phase: the eradication of the largest short position, that is, the so-called death of the current short because the correction in vain to be too positive. Some people began to admission, because the stock market has fallen below 1,000 points, 800 points or so (maybe less), even if the price-earnings ratio has reached maturity in the international market is also very attractive levels, they believe that they have to be the ultimate winner of the . . . . . However, the market has been a serious loss of blood, or ignore and continue to consolidation, finally Powei down. . . . . . . . . Not to mention domestic fund, and even QFII also sets disaster. . . . Goldman Sachs, Morgan Stanley official admitted: "enter the Chinese stock market is one of our mistake." . . .
Finally, the stock market has no one is interested, unless someone in order to show they are stupid or particularly unusual, otherwise he would not acknowledge that they are individual stocks China. Listing and financing may no longer be a sign of business success, many companies began to play the game of privatization, there is no college graduates willing to securities companies, kept some people say: "As I said, the Shanghai index fell to 600 points 。。。。。。�quot;, Unfortunately, such a boast has been that few readers. . . . No one would take the Occupational shareholders as their own life choices, because no hope or cash reserves have shrunk, more investors and individuals began to withdraw from the stock market, the Ganshagansha. . .
When "you are transferred to the SFC to go," has become the bureaucracy is not learned as a warning to law-abiding people. . .
At this time, the bull market coming. . . . . . . . . . . . . . .
Up to 1800 points, people are still saying: This is a rebound, I had already eaten the loss. . . . . . .
The five stages of this process, starting soon, and later becomes very slow, and later again up very quickly. . . .
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