Pay Attention To Opportunities And Risks Brought By Hot Wheels.

A shares of 26 hundred shares, 23 of which are Internet stocks, the average price earnings ratio of these 23 Internet stocks is 240 times, the average growth rate is less than 20%, 7 annual reports or quarterly performance decline, and 1 losses. In addition, more than 700 listed companies have more than 100 times price earnings ratio. If they can all be explained by high growth, then China's economy is blessed.

Obviously, the fundamentals of enterprises are not as wonderful as share prices.

So we need to pay attention to the two quarter.

The collapse of the stock market triggered a concussion. At present, the volume of Shanghai stock is not as good as that of last December 9th's 793 billion 400 million. The difference is nearly 40 billion. In March 25th, the volume of half a day is 367 billion 100 million, which is similar to that of Shenzhen stock market.

In March 24th, the volume of Shenzhen stock market was 684 billion 500 million, which was 200 billion of the total volume of the previous day, and the gem reached 150 billion on the same day, more than 50% of the volume of the previous day.

According to the price projections, the Shenzhen stock market's gem price earnings ratio is estimated to break 100 times, and the medium and small board is estimated to break 70 times, compared with 6124 at that time, the average price earnings ratio of the market is only 71 times.

This Thursday, some leading stocks of gem appear to be in a sudden downward trend, which deserves attention.

Divergence, market or entry

State, although there are still inertia in the market, we can refer to the trend of securities market after last December 9th.

In the two quarter, we can shift the focus of investment to value stocks.

First of all, the consumption sector has been depressed for two years by the economic downturn and the "three powers". Now many leading indicators are recovering. The core of China's economic pformation lies in consumption.

Historically or internationally, consumer stocks have always been the representatives of high returns, which are closely related to their own characteristics.

In fact, the consumer sector has begun to stir up, the basic data continues to improve, the market is switching hot spots, the two quarter and even the second half of this year, consumer stocks are expected to gradually replace the Internet stocks into the main wave, is now in the consumer stock switching period.

Historically, every bull market can have no technology, no coloured, no finance, but it can not be without consumption. Consumption is the end of the industrial chain, and is closely related to the lives of ordinary people. The public is the most vulnerable to contact with consumer goods. It is also the most vulnerable to stimulate investment confidence and enthusiasm. The main wave of consumer stocks is usually in the middle of the bull market and continues until the end. After the bull market is in the middle, it will be difficult for the market to find PE shares below 50 times.

In addition, attention should be paid to the adjustment of adequate finance.

The incremental trend of market value growth is dependent on each other and rising in turn.

Taking July 2014 as the starting point of market, SSE 50, gem index, CSI 500, and CSI 800 are generally balanced.

Value shares, such as interest rate sensitive financial real estate and growth stocks, such as the Internet oriented advanced manufacturing, are the main line of the year. The two companies have re balanced after the first round.

The future market looks similar to the Republican characteristics of 7~11 months in 2014. Considering that the growth stocks in the early stage are more eye-catching, short-term value stocks are expected to be dominant.

Moreover, the fundamentals of the financial and real estate industry have new bright spots. Judging from the recent stock market turnover of two and the growth of the financing balance, it is expected that the performance of the securities companies in March will increase substantially compared with the previous year.