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Data:2009-12-12 2:34
Source: Wan-Bing GF Securities
Re-emergence of broader market Thursday substantial adjustments, due to the recent bad collection, coupled with the pre-crash led investors to rumble, the policies introduced over the weekend sensitive period for fear of another attack over the weekend, the two cities fell more than 4%, the market panic again appear.
Long as the market interest rate expectations, which is expected to delay failed to materialize, but the market under great psychological pressure, coupled with the right of the State Council will be stopped reduction of interest tax, the state intends to issue 1.55 trillion special treasury bonds have brought the market concerns about the market outlook for the cash-strapped intensified in recent media, reduction of interest tax on the stopping of the institutions have also been malicious speculation, on the abolition of interest tax equivalent to raising interest rates 76.5 basis points, the equivalent of 1.55 trillion special treasury bonds to improve preparation Gold rate of 10 times have been endless argument, in fact, stop reduction of interest rates, though for ordinary depositors equivalent to enjoy the preferential interest rates, but for enterprises, and did not bring an increase in interest payments, interest tax reduction can not be stopped compared with the rate hike, to mislead public opinion is also a major reason for drop Thursday.
Although this combination has some bad effects on the market, but much less than the extent of fall Thursday, so the market is obviously a huge adjustment in bad over-exaggerated, but there's two pre-crash has made small investments who suffered huge losses, investors have become frightened, market sentiment is extremely weak, afternoon stocks in popularity amid extremely low, down is still likely to continue.
Although the index has shown a weakness, especially in a time when the weekend, out of fear of bad policy implementation, the trend is not optimistic Friday that investors should be properly controlled in the current position and never be able to hold stocks supported by the lack of performance, despite the afternoon tape continuation of the adjustment is still possible, but we still recommend a firm to hold high-quality growth stocks in the market's decline can not easily liquidate out, high-quality stocks in the occasion of the forthcoming mid-year report will have outstanding performance.
