Sina Finance

Enlightenment from China Southern Airlines' put event

http://www.sina.com.cn 11:04, June 16, 2008 Changjiang Business Daily

It was funny to see the hype of famous stock commentators on the Internet about the "China Southern Airlines put" event.

Famous stock commentators first called on investors to buy waste paper "Nangu" with 100 yuan to "save the precarious Chinese stock market". After "Nangu" became waste paper, they also called on the central government to save the credit of China's stock market. Later, he asked the "327 National Debt Event" in the 1990s: "Why did a small national debt futures make our futures market almost collapse?"

Did the author participate in the "327 National Debt Event" in the 1990s? That event really shocked the Central Committee and did involve the leaders of the country. I also foolishly sent a telegram to the Prime Minister at that time to report this matter.

"327" that "small national debt event" accounted for 8% of the country's GDP in that year, and now this big "Nangu", I wonder how much of the country's GDP now? The author's analogy is like saying to the historical overlord of Chu: You have fled to the Wujiang River. Why don't you use machine guns to shoot Liu Bang's pursuers?

Now the Chinese stock market has entered a period of impetuosity, and the mentality of eager for quick success and instant benefit is becoming more and more serious. This phenomenon has already occurred in the history of Chinese stock market: whenever there is a market situation, a large number of new investors will pour into the market. New investors do not know much about the stock market, and there will be famous stock commentators who will give advice to the country. These stock commentators will be followed by many followers, namely "fans", who will worship the stock commentators limitlessly. However, with the ebb of the market, "fans" following the stock reviewers found that they suffered heavy losses when they turned their baton, and famous stock reviewers in the market were often spurned by "fans" and disappeared, which is a historical phenomenon of reincarnation. This phenomenon has appeared in several rounds of big market in China's stock market, so now new stock commentators try not to talk about the history of the stock market, because if new shareholders know the truth of history, they will not worship him like that. Some even told new investors that the history of the stock market was useless. But history repeats itself in such an uncanny way, slapping you and slapping you again! If you stop being impetuous and eager for quick success and instant benefit, it will be better if you make the stock reviewers show their true shape.

If the "China Southern Airlines put event" had not been publicized by those famous stock commentators in the market, investors would be less likely to hype "China Southern Airlines put", and everyone would have suffered less losses.

Now, it is funny for stock commentators to compare "Nangu" with "327 national debt". Compared with the "327 National Debt Event", the "Nangu Event" is a piece of cake. It is estimated that he is trying to hoodwink the fans with historical events and pull a big flag to make a tiger skin. This event can give us at least two inspirations: First, the stock commentators are basically the same as us, they are also fools in the market, and some are even small gangsters, who come to the market to make money for our shareholders. For example, the "leading big brother" is one of the best, so these people are not worthy of your worship, let alone your verbal war to defend; 2、 The history of the stock market will be strikingly similar to repeat. Taking advantage of this wave of market cycles here, we can calm down to study the history of the stock market and see how it happened, so that we can be our own stock reviewers in the future.

(Xiong Changlie/text) '

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