China'S Stock Market Is Shifting From A Structural Bull Market To A Full-Scale Bull Market.

This week, the stock market hit a new high of nearly two years with an increase of 5.12%, indicating that China's stock market has reached another important node. Not only has the market entered the 2400-2444 - point line of bull and bear spanition area, but also the mainstream blue chips such as bank shares have started, which is likely to indicate that the main wave of the first bull market in China's stock market is officially launched.

In the past one or two months, we have talked about several points of view about the nature and evolution of market.

First, the structural bull market of China's stock market has already started. After the first launch of the gem in December 2012, medicine, electronic information, military industry and other industries rose, and the plate index hit a new high. The mainstream blue chips represented by banks and the cyclical stocks represented by iron and steel stocks are still at the bottom, and the Shanghai Composite Index has not broken through the bear bear pressure line, so the market can only be a structural bull market.

Second, as the market continues to deepen, more and more stocks are rising from the bottom and entering the spanition period of our so-called structural bull market to a comprehensive bull market.

Third, when the mainstream blue chips represented by banks and the cyclical stocks represented by iron and steel stocks are launched, all stocks go out of the bear market and enter the bull market. This change is of great significance, signifies that China's stock market has shifted from a structural bull market to a comprehensive bull market.

When the stock market is almost the largest Bear stock Maanshan Iron and Steel Co., Ltd. this week launched a huge volume of nearly 3 years of new high, the strongest rally in nearly 5 years, when most of the bank stocks showed a historic double bottom form, when the securities and other securities brokerage stocks reached a new high of nearly 4 years, all of which can only be explained that bear stocks have gone through a long hibernation period, began to welcome the spring.

Last week, when the market was short of strength, we said that the logic of the stock market rose unchanged because the strength and dividends of the spanformation and reform were far from being fully released, and the structural bull market's support and motivation remained strong. The spanformation not only, the reform is more than, but the structural bull market is more than. And the success of spanformation and reform will eventually bring about a comprehensive. bull market 。 Today, spanformation and reform are still on the way, but a comprehensive bull market is expected to take the first step. Because market expectations are always ahead.

From the strong trend of bottom stocks and blue chips this week, over-the-counter funds, including many real estate funds, have been unable to bear. Banks, insurance, etc. Blue-chip share The P / E ratio is less than ten times, while bank, insurance, and brokerage three quarterly results are gratifying. In the 1-9 month, Ping An Bank and China Ping An's net profit grew by 35%, while the state Yuan Securities increased by nearly 80%, which is the support of the rising performance. With such a high growth and undervaluation, what is the stock price still below the net assets? This is the attraction of big funds. Therefore, it is expected that opportunities for financial stocks have arrived.

Now that it is the end of the seven year bear market and the beginning of a full-scale bull market, the next few years can be a bull market. For the Shanghai stock index's trend, we view the rise from 2000 points as the first wave of rising waves. The beginning of this week is the first wave of rising waves. Driven by blue chips such as bank shares, it is likely to break through 2444 points and take 2500 points as the next goal. Only when the blue chips release a lot of kinetic energy will the market be spanferred to the adjustment stage.