The Specific Trend Of Stock Index Is Better Than Eloquence.

The trend of stock index once again proves that it is always more tenable than the empty bull market theory that "it is impossible to touch the stone without crossing the river".

For the market, what we need to pay attention to now is rather the reform rather than the arbitrage opportunity brought by the financial regulation to the market.

As the saying goes, "you can't touch a stone without crossing a river."

Before that, we might as well be a little restless and wait patiently for the market to turn for the better.

Although the Shanghai Composite Index has almost touched the recent high point of nearly 3100 points in the middle of this month, it soon returned to the 3000 point when the bull market theory began to sing again. Moreover, in the following trend, it not only basically maintained the pattern of low order consolidation, but also continued to maintain a rare volume of turnover.

This is a big blow to the bull market theory with thick belly and hollow belly.

The decline of stock index is a sharp contrast in the same period.

In particular, black metal stir fried, it seems that the formation of a thread steel will pierce the pattern of Shanghai and Shenzhen stock index.

Some commodity futures prices are at the bottom of the past five or six years. However, whether or not the volume of the steel futures market is more than a year's output, the excessive overdraft of this virtual paction is, after all, incompatible with the trend of macroeconomic regulation and control policies, and is also difficult to sustain.

Not only the better solution of the economic structural problems will depend on the further advance of the reform, but it is also difficult to imagine the deepening of the reform.

As the saying goes, "you can't touch a stone without crossing a river."

Before that, you may as well be a little restless and wait patiently for the market to turn around.

Obviously, we can no longer carry on our country.

As a completely self closed market.

Recently, not only has the US Federal Reserve announced that the 0.25%-0.5% will remain unchanged in April, but the Central Bank of Japan will maintain a negative interest rate of -0.1%, and the new monetary policy resolution announced by the European Central Bank will also maintain the low interest rate announced in March.

With the global economy continuing to decline, many central banks have announced a rate cut.

China's central bank is no exception. In February 29th, the deposit reserve ratio was reduced by 0.5 basis points.

With the relative tightening of the main central banks of the world, the risk assets will be faced with a downward turning point in the next cycle. The scale of global negative income bonds is increasing. The volatility of the RMB offshore market and offshore market and the relative downturn of the stock market can also be regarded as the proper meaning of the problem.

This shows that there is no bubble in the world.

The entry of some varieties in futures market at most is only a short-term speculative phenomenon, which is not enough to explain all rational investment tendencies.

domestic economy

Although there is a trend of improvement in some stages, the state-owned and State-controlled Enterprises in the first quarter

The decline of 13.8% over the same period also shows that not only the so-called economic improvement may be just a controversial improvement, but the so-called economic recovery is, at least for the time being, more than just a good wish and not necessarily a nail in the face reality.

In this regard, the bull market theory based on all these economic uncertainties or uncertainties is obviously very discredited.

In fact, do not say bull market, that is, the bottom is not bottoms, the reverse is not reversed, nor is it a cow who says it can count.

Any kind of rational understanding needs time to test.

Although the test may take longer, it is not tenable even if the test fails to take longer.

Since leaving the 5170 point of 6 months in 2015, the stock market has dropped to 2850 points in less than 3 and a half months, and so far it has passed for almost 8 months. It still lingers at 3000 o'clock, and has not even returned to the index position a year ago.

This shows from one side that it is not easy to repair the damage caused by the stock market crash to the market.

The problem of China's stock market is fundamentally not the self-regulation of stock index, but the functional orientation of the market.

Since the beginning, the problem of heavy financing and light return has not been well solved. Under the condition that investor protection has not been in place, the more speculative capital can easily make use of levers and short tools to make more money in the stock index and futures markets, and the investors in large and medium sized, especially small investors will be cut off like leeks.

If this problem is still not well resolved, it is not necessary to say that registration system reform is not mature enough, that is, the orderly operation and healthy development of the market will still be a mere empty talk.

The focus on some hot topics only depends on the stock fund, though there may be some small articles to do, but not necessarily enough to cause big waves.