The New Stock Market Is Also Hard To Resist.

There were more than 150 stocks on Friday, but the stock market is relatively sensitive in the near future. Although the general direction of the market is clear and upward, the short-term stock index turbulence is more obvious. The empty side failed to test the failure yesterday. Therefore, investors should not blindly chase up the operation.

Recently, the securities and Futures Commission approved the issuance of 30 new shares. On Friday, the two cities were in a strong concussion, and the Shanghai Stock Index moved higher and higher. This trend reflects the market's negative response to the news. After all, from the time point of view, the timing of the new round of subscription of new shares has not yet reached the impact on capital side, and next week's two city annual reports will enter a dense disclosure period. Therefore, in the continued proliferation of money making effect, short-term bull sentiment is expected to continue to release.

For the issuance of the new round of new shares, the author believes that the IPO issue in November and March has the opposite effect on the market. In addition to the changes in the market itself, the market volume of the two cities has become a norm and the reform has accelerated. The performance of the market has also made the market realize that the pressure on IPO is only short-term. With the issuance of new shares on schedule, the market's depressed mood is also inevitable. And in the context of the hot new fund launch, Market increment The expectation of funds is also worth affirming. Therefore, under the current circumstances, the purchase of new shares is more psychological impact on the market.

At present, there is a controversy over whether there is a high valuation bubble in small and medium-sized stock market. Personally, it is concluded that if only a few stocks, even dozens of stocks that have been fired up, or so-called PE or PB, will be judged. Medium and small plates The stock has become a flood, and it is doubtless wrong. How to find an opportunity in the process of profound changes in the current Chinese economy with the help of a pair of eyesight is much more significant than discussing whether the index will reach 6100 points, whether it is strong blue chips or small and medium sized boards tomorrow.

I firmly believe that no matter how the next market evolves, the two main lines of innovation will always run through it. One is institutional innovation, such as state-owned enterprise reform and one side road investment; the two is technological innovation, including production technology progress, service upgrading, production and business mode innovation and so on. In particular, it is worth paying attention to those small and medium enterprises that achieve the closed loop traditional industries through the "Internet +" extension of the original industrial chain.

At the same time, we have been emphasizing that Individual stock The feast, especially the small and medium board index and the gem index continued to rise, and the small cap stocks were still active. For the current round of attack market, compared to the fourth quarter of last year, the securities market and bank share index are the most important indexes, and the profit effect is very obvious. Some people even use the wealth effect to describe it. To this point, the author thinks that it directly reflects the operability of the market for growth stocks. Of course, this kind of rotation is also a necessity of any complete market. And extended to the operation, investors need to pay attention to the current frequent beating stock exchange is not desirable.