Category: Money Tips Date: 2007-01-15
A time when 5.19, can not help but appeals to the imagination. But the continued downturn of the market is still its own way, stocks Lvfeihongshou. Objectively speaking, the current market certainly is difficult with the "5.19" Quotes par, but also significantly weaker than that in the history of "Spring Quotes." But it is not that the market would not have a chance, in fact, can also be profitable in Ruoshi.
The overall performance of the current market typical Ruoshi, in which case, we should bear in mind the three "army regulations" to maintaining the status quo, in the current seemingly plain, "tasteless" City profitability.
Bearing in mind the "28 rule"
"80% of their income comes from 20% of the customers. 80% of the majority can only create a little impact, while 20% of the minority, however, created a major, major impact." This is the Pareto's law, also known as " 28 rule. " From the business, "28 law" can also be used in other areas, although some areas still in dispute. Used in the stock market, we can assume that the market for about 80% of the shares and does not generate income, but may also lead to huge losses, only 20% of the shares it be possible to bring a positive return. In other words, the vast majority of species currently on the market are not suitable for investment, suitable for investment, is only one small part of it will be able to better explain why the listed species currently on the market than in the last century, despite the substantial increase in the early 90s, However, investment is always appropriate for a minority, not only the bear market is the case, the bull market is all about. 2003 by the "Five Golden Flowers" to bring the local bull market, beginning from the second-line blue-chip composed of a "bear market Niugu" and so on, are these 20% of the shares outstanding representative. Stock market trend towards differentiation in-depth a sign of maturity is also the only way for investors to select only 20% of the shares of which make a profit.
The risk of the release of "overkill"
With the continuous deepening of opening up, A-share market faces pressure from the international valuation gradually appear, in the settlement of the context of tradable shares, we believe that this process is expected to accelerate. In the long run, stock prices is a general trend of structural adjustment, but also inevitably brings growing pains, investors for the listed company's share price, earnings, investment philosophy and so on must be timely adjusted. Although many indicators of the current market level of the lowest level in history, the risk to be a great release, but considering the usual overkill the market, we believe that the end of the formation of large to undergo a period of tempering.
Low-profit is expected to replace the windfall fantasy
With the expansion of market scale, initially as a result of scarcity breeds profits era away from us. The current market the "battle" was manifested mainly in the intellectual rather than a "physical", this also prompted investors to continuously improve the quality; are also continuously improving the quality as investors, to a certain degree of "smoothing" of the market big ups and downs. In short, low-profit era has come to Chang Le contentment.
The above three "military regulations" are also among the interrelated, such as "28 rule" will inevitably lead to low-profit era; with international standards to promote the "28 rule" appearance, but also contributed to the advent of low-profit era. We should be more than three "military regulations" as the guide, to abandon the illusion of a fortune overnight, fully aware of the convergence of the objective facts, selected out of a calm state of mind that can be profitable, "two", while cautioning against the possible risks, in order to have gains in the market. We believe that the current investment in the market there are four main points of concern:
1, differential treatment "pilot unit." From the recent performance of the pilot unit as far as split share structure of the essay, or first time, all aspects of the relative lack of preparation and experience, the demand for the program there are also controversial, the game doctrinal mentality. Thus, while the pilot shares of the stock market is far from over, but require different treatment, in particular the specific listing of each company's actual situation is different, and reform programs are not the same, must be carefully scrutinized.
2, sneaking into the "bottleneck" good get by. From the long-term perspective, the "bottleneck" industries in China's new round of economic benefit to accelerate the development cycle. "Bottleneck" effect reflected in the Meidianyouyun most concentrated, namely, transport, energy, electrical and utility industry, and so on.
3, consumer shares of many small streams. As China's per capita GDP surpassed 1,000 U.S. dollars, which means we have officially entered a new period of the consumer to upgrade the level of consumption and consumer organizations will undergo significant changes, strong demand is the most direct expression. Therefore, the consumer will enjoy the listed companies, due to rapid economic development, people's living standard rising in tandem with and to give the "cake", in particular, is that some people's lives can effectively meet the needs of low-cost and the reputation of quality assurance related to commodities listed companies, is expected to become bigger and stronger.
Fourth, to avoid underperformance shares. Although the Annual Report has been completed, but the risk of underperformance as stocks still attention. From a long-term trend, shares of blue-chip stocks and underperformance differentiation will become increasingly significant, especially in China's financial industry, officially opened the case, but also to speed up the process.
Invest in the stock market, profit is the aim. Similarly, there is a loss in a bull market, bear market is also still profitable. In short, the opportunity is always there. In addition, despite the current market is weak, but according to theory, the opposite point of view, while everyone wants to intervene only when intervention is often a top; while we all want to dare to intervene out of time in order to move faster to the rhythm of the bull market Tazhun . Judging from the current disk looks into the market brought about by the rapid fall in irrational factors have been piled up thick, and because the "pilot" a formal essay, greatly increased chances of a turnaround in market outlook.
