Stock Market Policy Must Be Read First.

Many people are worried about A shares. In fact, the market index is flat with last spring, but the number of people worried about the index has increased.

In fact, this mood can be understood. When the continuous collapse has become the norm, evaporation is not only about market value and wealth, but also the confidence of investors and the credibility of relevant departments.

The 2007 financial crisis broke out in response to the first global Internet pformation.

The "four trillion plan" was launched.

Under the stimulus of this plan, China is unique in the world's general economic recession and has played a leading role in driving the world economy.

What is the "China model"? According to the theory of a big guy, the core of the "Chinese model" is "big government", that is, the government is very strong and has extraordinary resources to absorb and mobilize.

For example, in 2008, four trillion yuan would be able to produce four trillion yuan, which is probably a rare country in the world.

Shareholders have a steelyard in mind.

, central enterprises and party media.

This psychology is so deep-rooted, so when the statement of "national bull market" and "national team rescues the market" came out, we had no psychological obstacles to accept it, and then we found it out of mind.

We all believe that the starting point of the regulatory authorities is good, but now, whether in the macro economy or in the stock market, they are at a crossroads.

According to historical practice, a country's currency has to go through three stages in its foreign exchange market: strong government, weak market, weak government, strong market, weak government and weak market.

In the first stage, the government can easily use hand resources to intervene in the foreign exchange market, but as the currency gradually rises, the countries and institutions involved in the paction are gradually increasing. In the second stage, intervention will become increasingly difficult or costly.

Now that the renminbi is at the second stage, similar to that, the relationship between A shares and policies has reached this level.

After a continuous decline,

It is not all bad news: at present, the main board, especially the stock index 300 index, has only 11 times PE. Besides, through the clearance of the previous OTC and umbrella trusts, the financial deleveraging has been effectively implemented.

Therefore, the gradual upgrading of stock index is not without opportunities, but the dependence on policy takes time to digest, and emotional recovery and confidence switching are also needed.

This is not a bad thing. Although the fusing system ended its short and controversial life within 4 days, it also wakes up the policy makers. After all, compared with the "big move" of registration system, the fusing system is only a "small role". But if it can lift a thousand waves, then we must be cautious and cautious when we continue to implement the new deal. We should not be choking on our food, we can not pursue the speed and neglect the market rebound, which requires a higher level of decision-making and balance.

According to the grapevine news, it is possible to set up a new Secretariat in the general office of the State Council in the future to coordinate the work of financial and economic regulators. This bureau will have a stronger coordination capability on one line, three meetings.

At present, the news is unknown and true and false. If it comes true, it is a good thing. It can effectively change the current situation of financial supervision.

But on the other hand, investors should also introspection properly. On the one hand, they will enter the market at a high level. On the one hand, they will rely on policy rescue after falling down. After the failure of policy pmission, they need to learn how to adapt to the new market instead of waiting for death.