The Slow Bull Market Will Not Change The Big Drop.

Yesterday, the market lost 3600 points, which was larger than originally expected, and had nothing to do with short-term bad news.

In addition to raising the proportion of margin financing, the official restart of IPO next week is also an important reason. The decline of large batch of new shares means that the IPO is approaching, plus the issuance of the new shares in accordance with the existing distribution system, there will still be some blood pumping effect on the market funds, and the larger adjustment is reasonable.

The raising of the margin of financing margin seems to be huge.

But careful analysis shows that the increase of leverage margin can play a long-term and stable role in the healthy development of the financial market.

At present, there are not many people who really raise money, but those who still have been previously have very limited new customers. At this time, the management raising margin margin should be based on data. The proportion of non financing stocks to the stock market will only gradually limit the "two fusion" to a certain extent.

Moreover, this also indicates that the market is expected to better. It is much better to restrict the "two financial" scale in advance than to put the policy on the top of the market above 5000, and it is also more beneficial to ordinary investors.

A lot of capital allocation outside the field is now restricted, which is bound to cause some of the speculators to pass through the OTC to return to the venue financing, that is, the "two fusion" channels of the securities companies.

At the same time, in the background of stronger market, some brokerages have begun to relax their positions, which makes many financing customers.

It has been improved.

Of course, the factors that reduce interest rates will also make the original funds placed in banks find another way. These comprehensive factors support the re activation of the "two fusion" market.

Judging from the trend of the two tier market, the sharp fall on Friday is the early digestion of bad news.

Originally, the market has accumulated a lot of profit taking since the early stage of continuous rise. It needs to carry out shock adjustment, and the emergence of bad news will increase the scope of the shock.

Next week, the market may continue to adjust, but the rate should not be great. If there is a big adjustment in the market under pessimistic mood, it will be a good opportunity for low absorption. After all, the rising trend of the market has not changed.

From the IPO restart, it also needs a relatively stable market environment, so the market may be repeated shocks.

It is possible to lower the cost of shareholding appropriately.

From this upward margin, we can see that what the country needs is a stable market development, so we must control the slow cow not to become a mad cow. At this time, reducing leverage is a very correct choice.

At present, it can only be said that this is reasonable and conducive to risk management.

Protection, this measure will not change the pattern of "slow baby" since the "baby bottom".

From another point of view, if the new business starts after November 23rd, then next week is the last time limit of two times the leverage. Then, will it be full or empty? This part of the fund may choose some blue chips, especially some stocks that can be used for long term, which will form a certain support for the market. Therefore, investors should rationally view the impact of the news and not to cut the meat easily.

The increase in the margin ratio is closely related to the rapid growth of the financing balance.

In the adjustment of the stock market in the previous period, the financing balance of Shanghai and Shenzhen two cities quickly dropped to 2 trillion yuan from the peak of 2 trillion yuan. However, with the continuous rebound of the market, the demand for financing recently rose again.

According to statistics, the balance of financing in Shanghai and Shenzhen two cities has reached a height of 1 trillion and 150 billion yuan in November 11th, breaking through 1 trillion and 100 billion yuan for 3 days, and on the day to month ratio, this is the seventh consecutive trading day growth.

From the level of 900 billion yuan in September 30th to the current 1 trillion and 150 billion yuan, the growth of the financing balance data is very fast, almost the average increase of nearly ten billion yuan per trading day.