There Are Bull Stocks In Bear Markets, And The Market Is So Capricious.

2015 has passed.

Looking back on the past year, it is not too much to describe the A share market with big ups and downs.

From the beginning of the year to the beginning of June, the stock market was also full of strength. After that, it became a quagmire of the stock market crash and its severity was very rare in the history of the A share market.

In 2016, the market was divided.

For many institutions advocating the slow cow, personally think that should not hold too much hope.

The stock market in 2016 is the most important whether there is any stage opportunity or structural market.

In fact, there are bear stocks in bull market, bull market in bear market, and the market is so capricious, it is also its charm.

As an investor, don't expect too much of the market in 2016. If you want to invest in the future, you can make your capital Cara "Changyang".

There are several favorable factors for the 2016 market.

First, as regulatory authorities clean up the OTC assets, the negative harm of off the shelf leverage to the market will be reduced. The stock market will have a more solid foundation in the future, and there will be no more tragedies during the stock market crash.

Two, at present, the financing balance of the two cities is only 1 trillion and 190 billion, which has enough space compared with the peak 2 trillion and 270 billion.

Three is the national team Huijin Company and the financial holding company of China securities holding large listed company shares, and it will not easily cash in the current stage, or equal to this part of the chip is locked.

Four, during the stock market crash, many brokerages declared that the following 4500 points will not be reduced, which will help to ease the sell-off pressure on the market.

Nevertheless, we should not be too optimistic about the stock market in 2016.

First of all, the macro economy is not effective.

With the GDP growth rate breaking 7, it shows that China's economy has entered a pitional period.

Transformation is also a painful period. Overcapacity in traditional industries is prominent. Innovation industry and new economic growth point have not yet been formed.

Secondly, the huge number of stuck plates has great resistance.

The stock market crash led to a sharp fall in the stock market, leaving behind a huge amount of hold ups. From 3700 to 4200, a large number of chips were accumulated, and the stock index had to hit the area.

After the bull market, no one is willing to play the role of the PLA.

There will be no "Huo Leifeng".

Third, the impact of the ban on sale.

With the January 8th

Six months' ban on sale has expired, and the shares of major shareholders and executives of listed companies are renewed.

At present, although the stock index is at about 3600, the valuation of many stocks is not low, which will trigger the impulse of large shareholders and executives to reduce their holdings.

On the other hand, the stock index can rebound to 3660 points near 2850 points, and in fact, it is closely related to the ban.

Without the protection of the ban, the market will face more resistance.

Fourthly,

Implementation.

In 2016, the biggest institutional change in the market was the registration system reform of new shares. The same as the stock reform of the year, the registration system will set off a new page in China's capital market.

Despite the statement by the regulatory authorities, it is claimed that after the implementation of the registration system, "the relationship between the pace and intensity of the reform and the affordability of the market can be handled well", after all, "window guidance" is only temporary.

Moreover, registration system will also create psychological pressure on investors.

Taking a look at the investment strategy of the organization in 2016, it is almost a consensus.

Although some institutions believe that the stock index may fall below 3000 points, many optimists are in the mood, and many agencies believe that the stock index or touch up to more than 4500 points, such as Ping An Securities forecasts the Shanghai Composite Index's fluctuation range from 3200 to 4600 points.

If the Shanghai stock index can climb 4600 points, that is the gospel of investors.