The Lack Of Volatility In Capital Markets Is Like Chicken Ribs.

As participants in the stock market, whether it is investment or supervision, we should see that reasonable fluctuations are the vitality of the stock market and the basis for their various functions.

Facing the increasingly converging market fluctuation, we need to carefully analyze the reasons and find out the solution to the problem. If we think this is a normal phenomenon, it is "wishful thinking".

The natural performance is wrong.

If we do not solve the problem of restoring market vitality, we will have to pay a heavy price in the future.

For the stock market, the fluctuation of trading price is the main form of its operation. Most investors are going to enter the market to operate in response to the profit opportunities brought about by this fluctuation.

If the stock market is not booming and the price has not changed for a long time, it will not only attract investors' participation, but also its own value will be challenged.

For a long time, Shanghai and Shenzhen

The price fluctuation has been relatively large, and because of this, the management has set up a price limit system in order to curb the excessive shocks of the market, that is, the daily stock price of ordinary stocks is limited to 10%, while the stocks with "ST" cap are only 5%.

However, in practice, the stock that really touches the price limit is only a few. As for the index, it is only in extreme circumstances that there will be a situation close to the price limit.

However, compared with overseas markets, the volatility of China's stock market is quite large over a long period of time.

But this situation has changed a lot now.

First, there was a sharp rise in the market last year, and then there was a "stock crash". At that time, it was a thousand shares trading. At the same time, it was a thousand shares.

However, as the page turned over, there was a sharp convergence in the market, and the volatility of the market was greatly reduced.

Especially after January this year, it is obvious that it is difficult to rise or fall. Sometimes the index fluctuation is only 10 points per day. The amplitude is less than 0.5%. A considerable number of stocks are coming back and forth within a few cents a day.

Of course, because of the lack of market volatility, it is hard for investors to make profits in the stock market.

It should be said that the convergence of excessive volatility in the stock market is reasonable in itself.

A thousand shares or a thousand shares are not a normal market performance.

However, if a market lacks the necessary fluctuation, the market will be like a stagnant water, which is a serious lack of elasticity. I am afraid it is not a good thing either.

For one thing, the stock market is characterized by price fluctuations and no volatility.

The two is that different types of investors, because of their differences in risk preference and interest in investment, are different in their cognition of the stock market. This difference is greater in individual stocks, which constitutes the basis for market pactions.

And if the paction price does not change, it can only show that investors' knowledge gap is not, or can not be reflected in the stock market, which proves that the efficiency of the market is very low. Three, as one of the basic functions of the market, the optimal allocation of assets and the optimal combination of funds can be realized through price fluctuations. If there is no effective price fluctuation, the function of the stock market will naturally not be mentioned. At this time, it is a bit like a casino.

Obviously, this situation is not what people want to see, nor is it a mature market. It reflects the loss of market vitality and the degeneration of various functions. Under this background, it is necessary to squeeze the reasonable operation space of investors, and eventually let investors reluctantly withdraw.

This situation has appeared in some less successful stock markets in some countries and regions. Now people can see that its shadow is slowly flowing to Shanghai and Shenzhen stock markets.