Category: Money tips Release Date: 2007-02-09
Source: Shenyin Author: Xu
Short-term market, in 1900, encountered significant resistance point line. Last Friday and Monday, not even close two indexes was overcast Monday's close Breakdown 5 and 10-day moving average, in the form of a transfer order on the signs, and finishing the intensity may be significantly increased.
1900-point line, from a technical point of view is not very important, there is no obvious technical pressure, index of finishing is not the result of an integer mark, but hot spots structural defects decision. The market early strength depends mainly on the banking, real estate, weights, three leg strength. By the latter half of last week, phase, real estate, although the weight remained relatively strong, but the impact on the stock marked signs of weakness in the stock market index alone to conquer the world banking stocks, the market showed 28 hot spots, and even the phenomenon of 19. In this way, bank shares have any problems, the corresponding index on the resulting fluctuations.
The status of bank stocks stood out from the inside and outside the valuation differences of view, there is a certain degree of rationality, but the excessive speculation in banking stocks, there are very obvious adverse effects.
First, the majority of investors to earn a few indicators were not profitable. Bank stocks have been a lot of money due to the accumulated gains and therefore short-term retail investors will go to chase bank shares very little. The phenomenon of the 19 hot spots, making does not hold as long as the banking, real estate investors in stocks and a few other plates, they will not share index rising earnings, earn indices do not make money, and even made a profit of index losses money. This situation makes a wide range of money market, the lack of effects on the overall market has dampened enthusiasm for investment.
2, making short-term stock up rather than going down easy. Bank stocks up, do not drive most of the other plates, so rely on the rising stock bank shares is only one force. However, when the bank shares fall, it will lead to the remaining blocks fall in stock prices will fall is that all blocks in the force, which last Friday have been something. Therefore, the short form of the situation up rather than going down easy, but will appear to fall more intense than the higher.
Third, the market's investment philosophy tends to confusion. The performance of stocks from the bank point of view, which is undoubtedly involved in the mainstream funds. Mainstream financial speculation banking stocks, conduction to the market, what is it? If the value of bank shares undervalued, but in fact is now the leading variety of banking stocks move the line 30 times price-earnings ratio has been up and down, while there are still many cities in the 10 times price-earnings ratio stocks are still not received adequate attention of funds, short-term is not out of the phenomenon of bank shares rise so much. If we say that the growth of bank stocks is good, but in reality banks do not have the sustained growth in the possibility of the outbreak, the general also in the annual growth rate of about 30%, while the two cities there are many annual growth rate of about 30% of the company's share price did not show such a rapid rise. Therefore, over-indulged in speculation in the mainstream financial banking stocks, for stocks with the bank stocks comparable to the cool texture on the situation can not be explained on the grounds, making the market's investment philosophy tends to confusion.
Rise in stock funds is not only the mainstream of the game, but also a solid mass foundation. Market hot spot structural defects, if this situation continues, then the basis of rising stock will no doubt tend to be weak, and to lay the future of the stock market suffering from depression. Thus, in 1900-point line, there is a need for structural adjustment of the plates, so that the operation of a more healthy stock
