Category: Money tips Release Date: 2006-08-08
Source: Today Morning Post
There is a saying advantage of this opportunity is good, when the interest rate and the reduction of interest tax, "boots" landing, after the Shanghai and Shenzhen broader market ushered in a wave of strong gains. Just a few trading days, stock index rose a few hundred points. Market sentiment has been aroused, not only to a relatively larger volume of the Japanese accounts, there are signs of recovery. The wealth effect in the market under the influence of Japanese clients in three consecutive trading days has been break 100,000.
There is no love for no reason. The index return to 4300 points, obviously is different from the previous two. For the first time since the atmosphere of intense market speculation, regulators, warning of its risks as well as policy "combination punches" are not effective circumstances, to reposition itself in the adjustment of stamp duty magic weapon, cap, lower-theme stock bubble pushed to the half.
The second time to return to 4300 points, first, because the market has rebounded after a slump following the requirements, and secondly because of the stamp duty adjustments result in the crash of the market beyond regulators of the accident, so the three big blow warm air and the Securities News 4 New the Fund's distribution and other care measures, the market sentiment has been restored, but eventually filed out of the other regulatory policies "pressure" under the came back with nothing.
This is quite different. "Double interest" and "boots" landing, and with the role of the bank and other Dinghaishenzhen going up dramatically embodies the popular market. The market also thinks that the "double interest" and bad out, in the future will face a period of time the regulation of the vacuum period, the strong stock index rose is in this context generated.
A-share market is really bad to do it? I think not.
In the index to return to 4300 points, the second line, the fund brokerage QDII floodgates, red-chip return of 1.55 trillion special treasury bonds, and other measures adopted, should be able to see the true intentions of regulators. Despite the date, the fund brokerage QDII business has not set off much of the waves, but the lag effect will be shown, but not as obvious Bale stamp duty policy. The return of red chips is already in full swing now, nearly a month or two will see the outcome, these "mega" in return, not the market structure (such as institutional investors position configuration) have an impact is not possible.
The macro level, the Development and Reform Commission recently held a press conference that China will persist in the second half to prevent the economy from growing too fast turning overheated as the current primary task of macroeconomic regulation and control. Previously, Development and Reform Commission has recommended the persons concerned, in the second half should be implemented appropriately tight monetary policy. From the fast economic growth to curb overheating of the measures to be taken by the market can not generate constraints, only a matter of time only. The China Securities Regulatory Commission said Thursday, to "take the lead Brother 777" and 11 cases using the Internet to end the investigation into illegal operation of securities business, has made the decision to ban these illegal operations, and administrative punishment decisions made by the relevant parties informed the book, has been 6 cases of suspected criminal cases and two criminal clues from the transfer of public security organs. In the broader market amid record high, the Commission revert to their supervision and control means far-reaching.
In fact, the stock market index soared 4,300 points and hit a new high when compared with the previous two trading volume without a corresponding amplification, but showing a Suliang situation, I think that should be vigilant. May 30 crash, the cap, lower-theme stock a "cut", but almost no spread to high-priced stocks, and some the contrary, also a record high. Having said that, although the interim results of listed companies for the better, but these high-flying blue-chip stock in the end how much "residual value" can dig it?
In the stock market at all times to maintain a sober is very necessary, in the stock, especially after reaching a new high. I always thought, missed an opportunity is not terrible, terrible mistakes in the emergence of a major leading annihilated.
