Chapter 75 Cold Snap

Since December 5th, under the frequent influence of cold air, China's temperature has dropped widely, Jiangnan and other places have entered winter, Huanghuai, Jianghan, Jianghuai and northern Jiangnan and other places may appear rain to snow weather, 5th daytime to 8th, the temperature in most parts of the central and eastern regions has dropped by 6~8 °C, among them, the temperature in the central and western parts of Inner Mongolia, northern North China, the southern part of Northeast China, the eastern part of Jianghuai, the central and eastern parts of Jiangnan, the northern and western parts of South China, and the central and southern parts of Guizhou The temperature has dropped by 8~10 °C, and the temperature in central Inner Mongolia, Some parts of southern Guangxi fell by more than 10°C.

The weather in the following days is colder, affected by the strong cold air, the temperature in most parts of our country has hit a new low, especially in the western part of Inner Mongolia, Gansu and other places The temperature broke through the lowest extreme record in the same period in history, on December 10, the snowfall area developed to the north and strengthened, and there was significant snowfall in some areas of Shandong, Henan, Jiangsu and Anhui. Snow or sleet of 1~5 mm occurred in the southern part of Shandong and the peninsula, eastern Henan, northern Jiangsu, northern Anhui and southwestern Shaanxi, and freezing rain occurred in central Guizhou. At 5 o'clock on December 11, the snow depth in eastern Henan and northern Anhui was 1~7 cm.

When the cold snap hit, most of the people in the country contracted their activities, those who should go to work went home early, those who should be at home, those in the north hid on the kang, and those in the south stayed indoors.

Of course, it's Double 12 soon, and those who want to shop will still flip down their phones and move their fingers.

Cold snaps swept across the country, the roads were slippery, and traffic accidents occurred from time to time.

And this chill also reached South China.

The weather in Guangzhou has also been cold these days, and there are fewer young beauties on the street who want to be demeanor and not temperature, and there are more small pustules wrapped in thick pus.

The Hand of God Fund Company is popular these days and does not punch in.

When we go to work, we all arrive at 9:10 o'clock, look at the stocks, eat a lunch box at noon, look at the stocks in the afternoon, and leave work early.

And such a negative behavior, everyone thinks it should be.

Because the stock market is also a cold snap.

Yesterday, December 10, the stock index gapped, fell below 2600 points, the transaction was light, although the stock index opened slightly higher today, in the red disk area shocks, but the Shanghai market turnover is only 85.4 billion, compared with the peak of 1.2 trillion in previous years, only a fraction.

"The amount of land sees the land price, will the market fall again? Mr. Jin still doesn't come to work? Do you want to communicate first, if there is a big fall, we will kill it, copy the bottom?" Wang Yong took the lead in speaking at the morning meeting, these days to see the market fall, the short position is a little uncomfortable, this is also a common problem of ordinary stockholders, a short position will feel that it will miss a lot of opportunities, you have to buy stocks to feel at ease.

In fact, shareholders have entered the stock market, and they can't see it from the perspective of investment, but the gambling is real, but the stock market is too complicated, and they sometimes don't know who they are betting with.

This tossed and turned, 10 million became 1 million, 1 million became 200,000, 200,000 only 350,000 remained, and 350,000 was about to be cleared.

How many heroes and beautiful women, who have been quickly turned into bad old men and fat aunts by the stock market.

Hurt people, but it still has to be harmful, because the green seedlings are there every year, and there is still a stubble after a stubble, and the seedlings are always there every year, and they can't be cut every year, generation after generation, going forward and succeeding.

"It's cold now, everyone's desire to buy stocks is very low, and there is no money-making effect, even if it will fall, we don't have to rush into it, right?" said the assistant in the decision-making department.

"In fact, the current volume is close to the level of 4 years ago, the turnover of the Shanghai market has been the third consecutive day of turnover below 100 billion yuan, the turnover of less than 100 billion yuan is becoming more and more normalized, has returned to the level of 2200 points in the Shanghai Composite Index in 2014, but now the inventory point is 2594 points, about 20% higher than that time. So there is still some downside at this point. However, the CSI 300 Index is currently trading at a price-to-earnings ratio of 10.55 times and a price-to-book ratio of 1.29 times, and since the index's release in April 2005, the price-to-earnings ratio is now in the bottom range, equivalent to the valuation level of the Shanghai Composite Index at 2,000 points in 2014. A researcher analyzed.

"The turnover is so sluggish, the life of the brokerage is very difficult, the Securities Times today full-page report "How cold is the cold winter of the securities industry? From the eight major cases to see the winter of the brokerage staff", it can be seen that the life of the brokerage is difficult today. According to the statement in the article, the brokerage has laid off employees in various fancy ways since the beginning of this year, such as requiring employees to submit their own resignation reports, new employees to the grassroots training, and adjusting the salary structure. The eight major cases include, the income of fixed income personnel of small and medium-sized securities companies does not reach the tax threshold, internal reimbursement is becoming more and more difficult, and graduate students of famous universities are willing to work with a salary of 5,000 yuan, and no matter how low the salary is, they will not change jobs, why is this?" At the same time, we also see that at the freezing point of the market, foreign capital is still continuing to net inflow, since the beginning of this year, the net inflow of foreign funds through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect (collectively referred to as the Mainland-Hong Kong Stock Connect) has reached 289.188 billion yuan, close to 300 billion yuan. Among them, the net inflow of Shanghai-Hong Kong Stock Connect reached 175.578 billion yuan during the year, and the net inflow of Shenzhen-Hong Kong Stock Connect during the year was 113.61 billion yuan. Since the opening of the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect, the net inflow of foreign capital has reached 636.7 billion yuan. Why are we not afraid of foreign capital, should we be afraid? Will we have no way out?"

Yes, the cold snap is temporary, and our current situation is still good, who are we afraid of if the position is empty? Let's go home and rest first, and then see if the stock market can successfully build a bottom later. ”

Everyone agreed.