Chen Shi Unscramble The New Stage Of Comprehensive Bull Market

The rise of small cap and high delivery is the representative of the stock market bubble, indicating that the market is already in a very high position.

In fact, let's not mention that the recent Xinhua news agency and the people's daily issued a continuous article affirming the rationality of the stock market's rise and the importance of supporting the economy.

If the current bank shares average 6-8 times earnings to 12-16 times the reasonable level, that is, the share price of bank shares will double again, then how much does the Shanghai stock index go up? And the rise of banking stocks will inevitably lead to the rise of blue chip heavyweights such as brokerages and insurance. We can imagine that the index rose to 5000 points to 6000 points and hit a record high.

Therefore, at present, we must have this psychological expectation on the Shanghai stock index's rising height.

The nature of this round of market has always been regarded as the first wave of the new bull market.

The logic of its rise is reform and pformation.

It should be said that the reform of cattle has great power, but the stock market has risen to the present stage. In a sense, at least some serious overdraft has already occurred.

In other words, the overall undervaluation of the market from 2000 points to the present 4000 points has already seen some serious overestimation.

The most typical example is the 100 times price earnings ratio of the growth enterprise market.

This valuation level has surpassed history.

But history tells us that stock index water is fluctuating to a high level and will eventually return.

After the collapse of the Internet bubble in 2000, the NASDAQ index dropped from 5000 to more than 1000.

This round of growth enterprise market is driven by Internet +, and 10 to 10-20.

If we say that the rise of Internet + in the early stage is still relatively rational, at present, all small plates and high pfers will all skyrocket.

It can be said that at present, the driving force of the market has come from a certain degree, which is determined by greed of human nature.

This is also a stock market rule. In the past, when the market reached a certain height, the strong money making effect would arouse the greed of human nature, and the greed of human nature was hard to quantify.

At this point, the driving force for the rise is "rising". The stock market is like a train running at full strength but with no brake. Even if it is immobilization, its strong inertia will continue.

Therefore, at present

The fry is hard to stop in the short term, but it is facing bigger and bigger.

It is also conceivable.

From the recent financial speculation in Hong Kong, the stock market of Shanghai and Shenzhen two cities did not appear on the market for several years on Friday.

At this point, most of the stocks that have been started will go into the main wave, and all the markets and varieties that are not rising may be activated.

So at present, risk and

All of them are very huge, so the timely adjustment of warehouse position is the top priority in operation.

We believe that the stock market which has been increasing sharply for a long time is now the time to sell gradually, especially the small cap stocks that are frantic fried should be put away for safety so as not to stampede in the future.

At present, there is no stock of the big Yang line, especially the stock that has been consolidated or moved.

As a matter of fact, we continue to look at financial blue chips such as brokerages, banks, insurance and so on.

3 weeks ago, when the Shanghai composite index broke through 3478 points and stood at 3600 points, we judged that the stock market had reached a historic breakthrough. It was thought that after 3478 points of breakthrough, the stock market was bound to reach a record high.

That is to say, the 6124 point is the next strategic objective of this bull market.

From the perspective of phased goals, we propose that the 4000 point will be a foreseeable goal.

After only 3 weeks, the Shanghai stock index has stood at 4000 points, and the strong trend of the stock market seems to be beyond the imagination of the market.