Zhang Peng sighed, stabilized his mood and said slowly: "Everything shows that the capital is tight and the real economy is ...... It's not optimistic!"

After listening to Zhang Peng's words on the side, Li Yan suddenly said: "When I worked in a brokerage company before, many friends asked me if I wanted to speculate in stocks, do you know how I answered them as a securities practitioner?"

Yang Hongli was stunned for a moment, tilted his head and looked at Li Yan and couldn't help asking, "Open an account?"

Waving his hand, Li Yan said with a wry smile: "Of course not, since they are friends." I prefer to put my performance pressure into the market and rely on market regulation to do my own business. When my friends asked me, I replied absolutely that it was best not to participate!"

"Why?" Li Gengxin couldn't help but ask.

With the changes in the situation in the past two years, I really want to say to those friends: not only in the past, but also in the future this year, do not participate in the capital market!"

"You are scolding your mother with a bowl in this matter!" Li Gengxin teased at Li Yan.

Li Yan didn't care, and said in a deep voice: "You may not know, when I heard the word bull in the stock market, my whole person was messy, and my chest felt crispy and numb. There are things I want to say but I can't. ”

"Uncomfortable?" Wu Zhilin was also a little curious, he had never heard Li Yan say this.

Li Yan muttered: "The bull market does not mean that the opportunity to make money is coming, in fact, it is a large-scale strangulation coming. Especially in China's capital market, I vaguely heard someone shouting yesterday that 4,000 points is the starting point. But what about the reality? That was the peak of the last few years!"

Zhang Peng sighed, nodded and said, "Yes! The more bullish the market, the more dangerous it is." In the bear market, the slow knife is not so miserable. The bull market is different, it is simply a realistic version of the story of the wolf coming. Rise plus pullback, each pullback is to pump a mouthful, and then pull it up to give the mouth meat to eat. Fight all the way and eat meat all the way. Over time, whoever remembers the risk remembers eating meat. ”

Li Yan suddenly felt a little sympathetic, looked at Zhang Peng and nodded, and said, "Yes, when the bull market ended, everyone thought it was just a mouth." People have already started to cut people with big knives, but retail investors still think that there will be meat in the back. In the end, all the meat before the knife and axe chop has to be spit out, and the retail investors have become the prey of others! ”

"Isn't the situation very good?" Yang Hongli asked a little suspiciously.

Before Zhang Peng could speak, Li Yan said casually: "What you think you think, is what you think, what you think? It's really not like that...... The big tour capital is also powerless now, and the soul of the tour capital is Brother Sun of Huaihai Road, who lost money last year, and doubted life. ”

"Yes, I didn't expect Brother Sun to lose so much money, I think it's incredible! Why would he be like that?" Zhang Peng's words undoubtedly did not reveal a pessimistic mood, and this pessimistic mood was sharply contagious.

After hearing this, Yang Hongli shook his head depressedly and asked, "According to what you said, in this case, the state should take action." Many friends in the capital market told me that the state should take action. However, whether to save or not to save is also a question, and in the same sunset industry, there are always companies that change their thinking and make a lot of profits in the end. In the same sunrise industry, aren't there also those who are not properly managed and end up going bankrupt?"

"If, I'm talking about what if!" Zhang Peng smiled bitterly and muttered to Yang Hongli: "I remember I have heard a saying: If market competition is a fair, open and just examination, you can't give extra points to poor students with low scores, right? ”

Li Gengxin smiled and muttered: "They are expanding too much and their debts have increased. If that's what you say, I'd like to ask...... Isn't this the punishment that entrepreneurs deserve for their greed and arrogance?"

Zhang Peng nodded, and said, "Yes! For example, someone just said that he couldn't break the law and commit crimes, otherwise he would go in." Wife and children...... He went in on his own. And then don't you get slapped in the face with a bang? It's not worth it for a woman. ”

Yang Hongli was stunned for a moment, as if he didn't understand who Zhang Peng was talking about. And he didn't seem to want to dwell on a topic any longer. Zhang Peng cleared his throat and said: "The industry will always have a cyclical law, and for the cyclical law, isn't it a basic quality to recognize and make emergency adjustments? But I clearly remember what was said under the dome: after getting the state subsidy, a steel listed company hanging a banner in the office openly shouted: it is bound to be a hundred yuan cheaper for a certain steel. ”

Li Gengxin interjected: "Don't talk about these things that don't know whether they are true or false, but I also understand that sometimes it is really a change in production capacity, while policy support." As for what this situation is, I am personally limited in my abilities. It's rather dazed. ”

Zhang Peng nodded and said, "Indeed, we still haven't been able to stand in a higher position and consider it holistically." It's just that financial resources and policy resources should be constant as a whole. You are more and I am less, you are less and I am more. Everyone should be about the same. In other words: If we bail out the traditional industries with too much financial resources, then the policy support for the emerging industries will inevitably decrease, right? Many years ago, what was the rate of return on China's traditional industries? It was less than 3 percent. Now, to put it mildly, do you know how much?"

Everyone was silent and no one answered Zhang Peng's question, Li Yan said with a wry smile: "What I know is less than one percent!"

"What should we do with these enterprises? Should the state support them?" asked Li Gengxin curiously.

Li Yan smiled bitterly and said, "Show you something...... For example, this internal factor is superimposed on external factors. SO WHAT IS THE RESULT?" ASKED LI YAN, POINTING TO THE IPAD.

The negative landing, and then everyone thinks that the negative landing is good. You can let your hands and feet do it. Then, people immediately took another big move. Puff p This will definitely be able to circle a vote again. After all, many people will chase after the negative landing. Then if it goes down, then it goes straight down. But then, let's think about the economic issues I just mentioned, bond defaults, equity pledge expectations, equity auctions. You get the idea. If these trigger a series of thunders, what kind of scene will it be in the future?