The Shanghai Composite Index Has Again Hit 4000 Gem To Create Wealth Effect.

In late July last year, a bull market started quietly.

Investors who were in deep trouble in the bear market initially took it as a common rebound, but the stock market slowly entered the "technological" bull market, and from the "technological" bull market to a real bull market stage.

This time, from the stock market to the stock index to 4000 points, there are two clear lines.

First, from July last year to the central bank to cut interest rates, all stocks are in a general trend.

After the central bank cut interest rates, the blue chips represented by securities companies, such as China Railway and so on, have sprung up suddenly, and the rise is fierce.

However, small and medium-sized boards and GEM stocks suffer from collective depression.

The two is from January this year, when the stock market has repeatedly hit the 3400 point and the first line of failure has entered the adjustment, the gem and small and medium board relay blue chips have once again created a strong wealth effect.

The average price earnings ratio of the gem is more than 90 times. The all through education has created 348 yuan's "sky high price" with various concepts. It also raised a great step in the 300 yuan record of Chinese ships that year.

The bull market is in full swing, and stocks are colorful.

There is no doubt that the two financing businesses and the strong support from regulators are the two real leaders behind the scenes.

Financing, as of April 7th, the Shanghai and Shenzhen two city financing balance as high as 1 trillion and 576 billion yuan.

The huge amount of financing capital entering the stock market has not only created a bull market on the lever, but also has become an important force in the stock market's rising.

And the wealth effect of the market has attracted more OTC funds to join, thus pushing the stock market to another climax.

The support of regulators is much less to say.

Xiao Gang, chairman of the securities and Futures Commission, and Zhou Xiaochuan, governor of the central bank, are in succession.

The bull market is strong, and the mainstream media is generous with ink and paper.

All this, in fact, reflects the attitude of the high level to the stock market, and finally leads to the sensitive market.

In fact, this year

The biggest change is not in the performance of indices and stocks, but in the support of regulators to the stock market.

As far as the A share market itself is concerned, looking at the performance since its birth for more than 20 years, it does not reflect the macro economic barometer.

For example, the domestic GDP growth rate has been "dominating the world" for many years, but in 2010 ~2013 A shares "bear hegemony" continuously.

The US stock market, which originated in the financial crisis, and the European stock market where the European debt crisis took place, left A shares far behind.

Therefore, with the support of regulators, investors will have confidence.

It will rush to 4000 points, which is exactly the same as the 6124 peak of the stock index.

In the past few years, when the stock market's bear market was abnormally low, whether it was "Diamond bottom", "Rose bottom" or "liberation bottom", it did not become a "market bottom" at last.

And when the market has confidence, investors running into the field, 3000 points, 3500 points did not constitute a real resistance, stock index also rushed to the 4000 point integer pass.

All this is the inevitable result of investors' confidence in the market.

After seven years, the Shanghai Composite Index, which has a "wind vane", has again hit 4000 points.

It was almost unthinkable a year ago, but it became a reality.

Stock index hit 4000 points, and its significance is obviously not only in the index itself.