Bull Bear Swerve, Global Investors Panic

On the Mid Autumn Festival, Air China Securities Ji Feifei went to Hangzhou zoo with his son. This is the first time that a child has been brought to close contact with animals for the first time in a year.

Before June, Ji Feifei sometimes went to 3 investment reports one day, so that he could not even see a few children.

But now the market has suddenly turned, and she has also been vacant. She can accompany her children to the zoo on weekends, which was unthinkable two months ago.

Many investors do not understand that if the check out of the stock market causes the stock market to run out of leverage, but now the stock market has fallen by 40%. Hang Seng Homes, flush financing management and other OTC distribution systems have been closed. Why is there another drop in the stock market since August?

"If it is purely fundamental, the blue chips of A shares are basically at the bottom, but the global economic downturn has led to the hard start of A shares. According to the reporter, the interaction between A shares and the international market is stronger than before. Especially the blue chips with H-shares are affected by the fluctuation of Hong Kong stock prices.

In September 19th, AVIC securities took a look at the Ji Feifei WeChat circle. The huge conference rooms were empty seats.

She matched a paragraph: this week, the sales department lectures, only 6 people, 1 months ago, the sales department has not even the conference room can not stand, all row to the toilet door, by the shareholders "Besieged", talking about the loss of voice, feel that the gap is very big.

It's torture, comfort.

In mid August, A shares were still in the rally, and the Shanghai stock index was shaking near 4000. After a month, the stock index has dropped to around 3000. The enthusiasm of investors is just as fast as summer.

The manager of a sales department told the newspaper reporter that from August 18th to 26, in the short period of a week, the funds of the sales department's customers were reduced by 18%.

That is to say, the average loss of customers has reached 18%.

In August 25th, a college student at a Wall Street investment bank suddenly telephoned Lin Yi, a director of the Hangzhou Business Department of the Great Wall securities company in the middle of the night. "What happened to the A shares? Now the US stocks are looking at the A shares, and then we are going to be flat."

From August 18th to August 24th, the Dow Jones index dropped from 17568 to 15370, the largest decline of 12.5%.

China's stock market in the US is even more popular. Alibaba has fallen below the US $68 issue price.

From June 15th to July 9th, in the last adjustment of A shares, the linkage between US stocks and A shares has not been so obvious.

At that time, the stock index fell from 5178 points to 3373 points, the largest decline of 34.85%.

But in the same period, the Dow Jones index fell by only 1.9%, from 17890 to 17548.

The NASDAQ index also oscillate near 5000.

"The fall in 6 and July was mainly due to the capital outflow caused by the inventory and the limited impact on the peripheral stock market.

But this adjustment in August was mainly caused by deflation risk caused by the fall in commodity prices, and panic spread throughout the world, leading to the prevalence of risk aversion.

Ji Feifei said before August

It also pursued the idea of "bargain hunting", but now the market is more cautious.

In July 9th, the Shanghai composite index had a minimum of 3373.54 points. In August 26th, the Shanghai stock index dropped 2900 points at 2850.71.

After two rounds of massive losses, the customers who lost their money were suffering heavy losses.

"The worst customer in our business department has been fired from the multimillionaire to 10000 yuan."

A manager of a business department in Hangzhou told a real example of a customer, which can corroborate the severity of this round of leveraged market.

The big family at the beginning of the year

There are 10 million, which are all the family assets that have been accumulated over the years. In May, it was over 18 million yuan.

When he was in the best market position, he chose to increase leverage and raise 10 million stocks for three stocks.

"Two of his stocks stopped trading at a high level, and later they were put out for a continuous break. They could not sell to the open line, and finally flat, deducting the interest on financing, and took a total of 69 thousand yuan."

At the end of September, the Nikkei index fell 17000 points, hitting a new low of nearly 8 months, and has erased all the gains this year.

Neighboring markets such as Australia, Korea and Hongkong have also adjusted.

This almost resonates with A shares.

It has been observed that many major international stock markets tend to show the same trend on the same day recently, and the American stock market at the latest closing stage often shows a super imitation show, and the trend of A shares is playing a decisive role.

The performance of Chinese factors in commodities, stock markets and foreign exchange markets has sometimes played a leading role in the performance of capital markets this year.

"In the skating stock market, in the clouds cut, fall and fall all over, CCTV" full warehouse into the city "prompts the bottom of the stock market.

Lin Yi laughed at this in WeChat's circle of friends.