Category: Money tips Release Date: 2007-04-10
For any investment market, in accordance with the internal laws of fluctuations in the eternal theme. The existence of the internal law of one of the reasons why is because people's psychological investment in their behavior constitutes the basis of market price movements, the majority of them look at trends in human behavior, often the best interpretation of market phenomena password.
在近期的中国股市，泡沫与非泡沫之争是各方关注的焦点之一? What is a bubble? Waterfalls splash into the lake there is a bubble, a cup full-bodied, refreshing beer, people feel there are delicate bubble, blown boss, breaking the touch of soap bubbles is also called a bubble.
Today, there is no bubble in China's stock market? This is an eyes of the beholder, the wise see the intellectual topic. But be sure that there are more or less dynamic investment market has a little bubble, stagnant Daoshi no fraction of the bubble, but no energy. Foam also has varieties of hierarchy, different bubble bound to have different properties and intrinsic characteristics, if the foam on the beer with a roast can be counted as it is enjoying the "bubble", then a thin swinging big bubble can be as a "bubble market" the formation of typical. In an active investment market there is no bubble argument is ridiculous, and to figure out the market bubble to the bubble in the market at what stage of evolution (or perhaps in the current wave of which phase), is a certain practical significance.
Over the past 2006, can be seen as the majority of stock investors, and almost all "Christian Democratic" peace of mind to enjoy the growth of the stock market rebound year, but starting in 2007 and watching the red light flashes while drinking beer and eating meat of the evidence seems to already visible. Which the performance of the red light flashes the most direct are those in Hong Kong and the mainland-listed company's share price at the same time, these companies share price of A has not only fundamental and comprehensive than H share price, which some companies are differences between the two places has reached twice the price and even more than tripled. Of course, this difference does not explain what the problem may be, but the flashing "lights", after all, under the drinking beer and eating meat is also a psychological test, as this feeling is to stimulate, or varies the fearless.
Most investors interpret the market behavior is the password, and "money effect" and "sheep effect" is on the market the general behavior of the investing public law. "Three Kingdoms" and Zhuge Liang defeated king of the story wooden deer, very able to explain these phenomena in the stock market: wooden deer King led Manbing very good at driving tigers and leopards, wolves and other wild animals assault, so Zhuge Liang has produced a number of woodcut painting , monster mouth loaded fireworks and other items, I really saw a beast vomit monster turned tail and ran off the flame, the Man Bing Chong's chaos. In this allusion, the Man Bing is probably the reason, perhaps aware of Zhuge Liang's monster is engaged in wood, but this does not mean that animals do know that it is wood, so to create the actual trend of irrational and rational often misjudge the market sometimes become the norm.
The most typical feature of a bubble market, what is? Should show the market "Along the heaven" phenomenon, that is, regardless of quality, good or bad, all things are subject to favorable for. "Dutch tulip bubble" in even the common varieties of tulip bulbs have been pushed up prices through the roof and if so, the phenomenon of China's high housing prices, even small apartments are the old-old high prices is also true. However, if from the "make the index does not make money," the cry can be found in the Chinese stock market "bubble" has not yet fully expanded to form a "bubble market" level in the middle of the steaming process, the investment like rice steaming: By hot steamed rice inside their lunch boxes, timely decisions in accordance with their risk-taking out or re-steam box.
