Stock Market: Market Bottom Will Not Be Too Far From The Bottom Of Policy.

After a great torment of the Chinese stock market, the Infernal Affairs of the stock market were effectively controlled, and the past week was very calm. This calmness was reflected not only in the calm of the news, but also in the calm of the market trend, and the volume of the market declined sharply.

The management describes the market trend as three stages: stabilizing the market, restoring the market and building the market. At present, the stock market seems to be in the pition from "stabilization" to "restoration".

Judging from the current market situation, the 2850 point may be the lowest point this year, and then fall below 2850 points and the fundamentals of the market have not adapted to the problem. Now the question is how to get out of the bottom and throw the 3000 integer mark to the back. This may be the main task of the fourth quarter of this year.

At present, the market technical operation conditions are very good. After the liquidity risk is controlled, the elasticity of the stock price has recovered. Therefore, investors with both stocks and funds are more active. They can sell high and sell low, and make the difference between them.

First, management has taken care of the market to the highest level.

In the past two weeks, the central high level has rarely spoken for 14 days and 5 times on the stock market.

The key word is: effective prevention.

The adjustment of the stock market has been roughly in place, and the ups and downs of the stock market have their own operation rules. In general, the government does not interfere. This is the basic principle.

However, when the stock market fluctuates violently and may cause systemic risk, the central government will never sit idly by, and will take decisive measures to stabilize the stock market in a timely and decisive manner.

The high ranking statement shows that the attitude of the CPC Central Committee to support the long-term healthy and stable development and reform of the capital market has never changed.

These information can tell the market accurately, the bottom of policy has been cast, and the market will not be too far from the bottom of the policy.

Secondly, this week, deleveraging has slowed down and the market's initiative has been relieved.

In the face of all kinds of levers, now combing, the off-site allocation of funds basically flat out, will not be done later; two to 930 billion yuan; umbrella trust about 500 billion yuan, now can be postponed to clean up; the number of listed companies equity pledge is unknown, estimated at more than 1 trillion yuan;

although

Slowing down, but in the final analysis, the real risk of those levers depends on the direction of the stock market. If the stock market is stable, there will be no risk of leverage. If the stock market falls again, such as falling below 2850 and continuing to create a new low, all the potential risks of leverage will become a real risk.

Again, restore

It will take time.

A minority, but this minority has a great influence on the market, because these people are basically the most active and passionate people in the market. The group has no incentive to catalyze the market, and they have become the warning of the market. It is a warning to those who do not explode. Moreover, for those investors who do not have leverage, in this trend of fast bear, they will lose their market value, and the market value will be erased. This requires psychological healing. The recovery of market information depends not only on the stimulation of more information, but also on the wealth effect of the market, and the wealth effect of the stock market comes out, driven by profit, and market confidence is not invited. The trend of fast bear makes investors who are very profitable in the "bull market" make a mess, and blow up and have nothing.