Category: Money tips Release Date: 2007-05-22
The stock market There are many things people can not read, such as the U.S. economists believe that the world economy has indeed entered a recession, however, but the Dow Jones index and the Nasdaq index hit a new high since the events of 9.11. In accordance with the theory textbook, it certainly has a two years is wrong. For the theory, it is never confusion, people will only confused the reality, because reality will never be as one imagines.
We have always hoped to have a theory to ensure the success of our investment 100%, which is the main reason for our investment often fails. And many people do not know this, so they attack the real fallacy. The reality is that there is no fallacy, and any appearance of reality and existence has its own rationality, has its historical inevitability. We must learn to adapt to reality, but also to forget the theory.
Many Stock Analysts and even some economists, like with bank savings interest rates to a reasonable measure of earnings multiples, and continue to use this theory to judge the market, affecting investors. The theory is useless, not to say it. If the fact that simple, the SFC would not be so troubled, and Greenspan's face will not have had so many wrinkles.
Instead of using theory to analyze the stock market, not as good as with the interests of this parameter to analyze the stock market. The stock market is a place for reallocation of resources or tools, resources re-allocation is a more refined argument, straightforward speaking, the distribution and redistribution of benefits. Fujian Electric Power shares issued 88 times earnings, the stock market tend to balance the interests of listed companies, Shanying issued only 3 yuan more than the issuance price of North Asia, the Group is only half the market price, the stock market-oriented allocation of resources is clearly a great change. Policy, the introduction of state-owned shares, the stock market tend to balance the interests of the Ministry of Finance, tend to state-owned assets management department, state-owned shares of the suspension, which is turning the market balance of interests, even if this is a temporary shift. This is a very important clue, the current balance the interests of the stock market is neither inclined to the state-owned assets management department, nor inclined to listed companies; neither inclined to the bodies, nor favor to the shareholders. And the stock market there will be interest-oriented, does not, is to prepare for the future. Quotes from which we can capture the direction and opportunities.
Wu Jinglian, once regarded as the conscience of the market, Mr. and advocated as soon as possible these days in the GEM, and this long ago, Xiao Zhuoji also called for introduction of the GEM, we can say that this is theoretically coincides do? Do not know. Pure theorist in his study, they are not, so here there is a market driven by interest, orientation, just as they argue there is no bubble in the stock market, as is not a theoretical problem, but of interest.
The stock market there is no theory, everything is in order to benefit.
