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 Hou Ning
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China's stock market has turned the "Nine Yin Scripture" into a "Sunflower Classic"!

(2008-06-17 23:56:29)
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Nine Yin Classic

Sunflower Classic

Institutional defects

Regulatory credit

Stock market crisis

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Classification: Vertical and horizontal stock market

 China's stock market has turned the "Nine Yin Scripture" into a "Sunflower Classic"!

 

On Monday night, a reporter friend asked me how the stock market would go on Tuesday, and I only gave her a figure: 5.30!

 

This is the rise of Shanghai Stock Index on Monday, but this figure coincides with the sharp fall of 5.30 last year, so the result is self-evident. Of course, it's not superstition. I just use this coincidence to tell him that he has to fall on Tuesday, and the decline will not be small.

 

As a result, the market really fell by nearly 80 points today, with a decline of 2.76%. If it had not been for the rise of PetroChina's tail market, the decline of the stock index would have exceeded 100 points, and the decline would have been even greater. In addition to the macro and fundamental news factors such as inflation pressure, economic inflection point, poor periphery, natural and man-made disasters, the core factor lies in the regulatory credit and market credit issues I mentioned earlier.

 

In fact, when the "mad cow" was in its prime last year, many problems in the market would be covered up, but when the situation changed, what should be exposed immediately came into being. This is like a bureaucrat who has temporarily "succeeded" by speculation. It is normal for him to rush after his ambition, but if he loses power, he will be immediately abandoned by others, and even someone will step on another foot; Good officials and honest officials are different. Even if they are frustrated in officialdom, they will also get the support of their peers and neighbors after returning. For example, Tao Yuanming "leisurely sees the South Mountain" all day long, and good literature has been passed down through the ages, or Ouyang Xiu, who is far away from the Jianghu, worries about his monarch, and waits for an opportunity to go out again

 

In the past two years, the Chinese stock market has obviously speculated excessively by virtue of the actually unfinished share reform, the hidden macro-economy and even the Olympic expectations, which made people pay a heavy price in 2008. Up to now, many people have realized that there is a long way to go before the real share reform is completed; It turns out that the stock market is still serving the state-owned enterprises in the "bull market", and its normal attribution has not been found at all; It turns out that the rules of the game of China's stock market can be frequently "manually" changed by securities companies and exchanges, but the purpose is to support some securities companies to "invest" and curb the majority of retail investors to "speculate"!

 

All of these, accompanied by the big bear market in the stock market, let people see clearly, the stock index can be miserable! Because in addition to all kinds of bad news, credit has also collapsed, and it seems that we can only "push it down and start again".

 

So far, many investors have also seen this terrible fact, so some investors wrote a black humor: the original Olympic Games to 8000 points means the deep index! That's why the reporter friend mentioned above said to me, it seems that the "Nine Yin Scripture" is the "Sunflower Treasure"!

 

Sunflower Treasure! Excellent! This remark immediately reminds me of the article I wrote on October 11 last year《 Unify the Jianghu? China's stock market is practicing "Sunflower Classic" ”》。 At the end of this article, I wrote:“ Isn't it? China Shenhua is listed, and a 'Chinese myth' has been written. Can we still hold a greedy 'bull heart', expect more blood stained 'red cloth', and expect the stock market to become a 'sunflower treasure'? In other words, even if you practice magic skills, what kind of 'feminine' killing opportunity is hidden behind its' bull spirit ' ?” As we all know, five days later, the stock index hit 6124 iron tops, and then came the "big adjustment has already begun" that I clearly asserted on October 17 and the "change of China's stock market has become a fact" that I said on October 23!

 

Therefore, the "magic power" of China's stock market has actually been practiced by the main players. However, many investors have only now realized the fact of "castration" and paid a bloody price for it. For example, today a friend in his childhood called me to "ask for a plan" and said that half of the funds he bought had been lost. What should I do? But I clearly remember that it was two months ago that I asked him to "cut meat". At that time, he who had lost contact for many years and had become a basic citizen just contacted me.

 

Alas, what a "Nine Yin Scripture"! What a "Sunflower Treasure"! What a Chinese stock market that "8000 is not a dream"!

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