The Stock Market Crash Broke Out Nearly 1St Anniversary. What Is The Insistence Of Investors?

At present, from the stock market skyrocketing and plunging to a second tier property market skyrocketing, and then to commodity futures price volatility, this series of phenomena, in essence, is still inseparable from the "private capital and investment channels less" status quo.

At the same time, the contradiction between "more SMEs and less financing channels" has become increasingly fierce. In this context, it has aggravated the situation that "funds are eager to find a way out, and enterprises are eager to seek survival and development".

Up to now, it has been nearly a year since the A stock market crash.

However, for most investors, the psychological impact of the stock market crash has not yet been reduced.

As for those who have been sticking to it, some of them may have suffered from the long bear market, and their shareholding is far more common than ordinary investors.

However, for most investors with high positions, perhaps they still can not understand the willpower under the long-term bear market, and the process of waiting for the dissolution of the shareholding tends to give them enormous psychological pressure.

"Cheng Yi capital, losing funds" is undoubtedly a key factor in the 14 and 15 years' bull market.

Obviously, for the A-share market with capital as the driving force, once the stock market has formed a sustained and effective money making effect, it will easily attract investment from all quarters and accelerate the pace of the A market.

By the same token, when the stock market's money making effect decreases sharply, the willingness to enter market funds will also decrease. With the acceleration of various funds' Exodus, the fall of the stock market will become inevitable.

In fact, if only from the decline rate, the decline in 15 years has not exceeded the level of decline in 08 years.

However, judging from the true feelings of the market, although the decline in the current stock market has not been able to exceed 08 years' level, the existence of innovative tools such as highly leveraged funds has produced a strong helping effect in the process of falling stock market.

In my opinion, for the 14, 15 and even 16 years' market situation, the existence of "highly leveraged capital" has completely reversed the traditional stock market investment concept.

For this reason, with the frequent occurrence of the sharp rise and fall of the stock market, many investors and even senior investors do not seem to be able to avoid the shock of the stock market disaster.

In recent years, all kinds of innovative trading tools have been launched.

The popularity of capital tools, and then the rise of the popular frenzy of stocks, this series of factors, in fact, to a certain extent, exacerbated the risk of stock market bubble expansion.

The full activation of leveraged funds is undoubtedly a true portrayal of the market in the past two years.

However, with the full activation of all kinds of highly leveraged funds, the utilization ratio of funds in the stock market has been multiplying.

With that, the leverage ratio of the stock market has risen sharply and the stock market bubble has expanded rapidly.

Among them, in the field of financing, for example, in fact, 14 years ago, the A share market two financial balance scale has always been in a relatively low state.

However, with the gradual increase of the market focus of the stock market in July 14, the market financing tool has gradually been excavated as a tool for raising the market leverage.

According to relevant data, in July and 14, the balance of Shanghai and Shenzhen two financial institutions was only 450 billion yuan.

In December of 14, the scale of the Shanghai and Shenzhen two financial balances soared to nearly 1 trillion.

However, after 15 years in March, the scale of the two financial balances showed explosive growth, but in the 15 years from March to June, the scale of the Shanghai and Shenzhen two balance rose to 2 trillion and 270 billion, the highest level in history.

However, it is worth mentioning that in the field

As a result of the rising tide, as a late start, the scale of development is more significant.

Among them, in the period from March to June 15, it is the key point of the rapid rise of the A stock market, and the potential size of over-the-counter assets or more than 2 trillion yuan.

However, compared with field financing, OTC allocation has the characteristics of low entry threshold and high leverage ratio, and it is difficult to get timely monitoring by regulators, which is also easy to promote the barbaric growth of its business, and finally has laid a hidden danger for the burst of stock market bubble.

The rapid and leveraging of market continuity has finally led to an upsurge of universal speculation and even leverage and popularity. This is a very dangerous signal.

At the same time, with a variety of conceptual themes

During the period of rising prices, there are still many listed companies, such as stock pledge and other means, to seek the sharp rise of stock market value and major shareholder's own value at the expense of huge risks, which eventually accelerated the stock price and even the stock market bubble burst.

It can be seen that under the influence of the huge money making effect of the stock market, not only the large shareholders and executives of some listed companies have lost their rationality, but also most investors have fallen into a state of madness.

At this point, with the emergence of a major turning point in the stock market, those crazy investors also have to face the huge risk of holding stocks. Even for investors keen to increase the leverage ratio, they even need to take the risk of liquidated or even burst.

In my view, at the time when steady growth was expected to rise again, combined with the fact that the real inflation rate of society was at a high level, it further aggravated the current situation of "more private capital and less investment channels".

At this point, in view of the prevailing market environment and the emergence of the money making effect in the stock market, it has led to a surge of funds.

At first, perhaps for most investment funds, it is more likely to use the stock market to seek the purpose of capital preservation and appreciation.

However, under the influence of the strong money making effect, the rise of various highly leveraged funds has stimulated the enthusiasm of investors in the market to some extent, and even turned the original rational investors into irrational speculators.

It can be seen that, at the time of public madness, decisive lock in profits, and completely withdraw, is undoubtedly the biggest winner of this round of sharp rise and fall.

On the contrary, for those investors who lost their investment rationality, the final result not only failed to achieve the purpose of preserving and increasing the value of capital, but also lost their principal.