It took a whole afternoon for Tang He to read all the newspapers and magazines that Wu Wei brought back.

Although some of the special nouns and terms of stocks and securities have not yet fully understood the meaning, Tang He relied on his logical thinking ability to even guess, but he also understood it, and it did not affect his understanding.

After reading these materials, combined with his own little understanding of the Huaxia stock market in his previous life, and analyzing it, Tang He finally understood why there was a big bear market in the Huaxia stock market in 1997.

The Huaxia stock market was only formally established in 1990, and the Shanghai Securities Exchange and Baoan Securities Exchange at that time could be said to be a wide range of doors.

At the beginning, the stock subscription warrants issued by the state were not recognized by the common people at all.

Later, with the country's propaganda and the myth that the stock market creates wealth, these have stimulated the enthusiasm and imagination of the broad masses of the people, and people began to open accounts to enter the stock market, wanting to make a lot of money through the stock market.

It has only been a few years since the establishment of the Huaxia stock market in 1990.

In this short period of a few years, the Huaxia securities market has grown from scratch and from small to large, and has gone through the process that Western countries can only complete for decades or even hundreds of years.

Therefore, in the past few years, although the Chinese stock market has also been sluggish, the whole market has continued to rise.

Then the majority of Chinese investors began to chase new stocks desperately, and even proposed to let the country continue to boost the stock market, after all, who doesn't want to make a lot of money.

Then the unstoppable heat wave grew higher and higher, eventually reaching a boiling point in 1996.

There has always been a saying in the stock market that "a bull market is followed by a bear market".

Such a rapid expansion of the scale of China's stock market does not conform to the laws of the financial market at all, and it contains a huge bubble.

In the face of the increasingly prosperous bull market fire, since October 1996, the China Securities Regulatory Commission has successively introduced regulatory measures that are nicknamed "12 gold medals" by the majority of shareholders to reduce the fire. On December 16, 1996, the People's Daily published an article by a special commentator entitled "A Correct Understanding of the Current Stock Market".

However, these measures of the state have never been able to suppress the vast number of shareholders who have long been carried away by greed.

At the beginning of March 1997, the "big dark horse" Qiong Minyuan who was speculated by the bookmaker was reported, and the outbreak of the ST Xiahaifa debt crisis finally triggered a plunge in the Chinese stock market.

The bear market is coming!

This is what Tang He deduced from the newspapers and magazines that Wu Wei brought back.

And as a reborn Tang He, he also knows that from July, a financial crisis will break out in Southeast Asia.

The financial turmoil will start in Thailand, then sweep through Malaysia, Singapore, RB, South Korea, and Huaxia Hong Kong Island, where economic growth will slow or even regress.

And Huaxia, as an Asian giant, is certainly unlikely to stay out of this storm.

Therefore, even if the stock market is not a bear market, domestic stocks will fall sharply due to this Asian financial crisis.

This is the dead end!

Even if there is a so-called insider, in this environment, it can only be guaranteed that there will not be too much loss.

Therefore, Zhang Weida wants to make money through some inside information, which is simply a fool's dream.

Zhang Weida's safest method now is to clear the warehouse and cut the meat.

It's just, will Zhang Weida listen to his own words?

Also, does Wu Wei's uncle have the same judgment on the stock market as himself?

It's okay if the two have the same opinion, if they don't, what if Wu Wei's uncle recommends a few junk stocks to Zhang Weida?

In the morning, Zhang Weida's feelings seemed to be a little red-eyed.

Taking advantage of the opportunity that he has now needs, he and Wu Wei can just talk to him about spending money to go to college, and Zhang Weida will not refuse.

On the one hand, Zhang Weida has a new amount of money to speculate in stocks, and on the other hand, he can give him fame, and Wu Wei's uncle is a long-term insider channel. It's good to be famous, so why not.

But what if he loses?

Even Warren Buffett, the American stock god, doesn't dare to pack tickets, only make money and not lose money!

In case he loses, will he be pulled by him when he and Wu Wei enter Erlongshan University in the future?

For the sake of security, I have to find a way to let Zhang Weida cut the meat and clear the warehouse!

Tang He scratched his head, sorted out the newspapers and magazines scattered on the bed, then found a pen and paper, and sat down at the desk in the room.

Nima, it's time to do your old job again!

After carefully recalling the newspapers and magazines he had read in the afternoon, and thinking about what he wanted to express, Tang He wrote a line of headlines on the manuscript paper: In the game between the stock market and the bookmakers, what should ordinary retail investors do?

Then Tang He began to write articles-

Before I begin, let me tell you a story about Newton.

In 1711, in order to seize the huge wealth hidden on the east coast of South America, the British South Sea Company with British government background was established and issued the first batch of shares. All the British were optimistic about the South Sea Company at the time, and the price of its shares, which rose from around £128 per share in January 1720, quickly increased in value and rose astonishingly.

At this time, the great physicist and founder of modern physics, Newton, happened to get a sum of money, plus some of his personal savings, and saw such good news, so he invested 7,000 pounds to buy shares of the South China Sea Company in April of that year.

Soon Newton's shares went up, and in just about two months, he made £7,000 after selling these shares more cautiously!

But as soon as he sold the stock, Newton regretted it. Because by July, the stock price reached 1,000 pounds, which is almost 8 times larger.

After "serious" consideration, Newton decided to invest more. However, at this time, Nanhai Company has already experienced business difficulties, and the real price of the company's shares is seriously decoupled from the market price, and the British Parliament passed the "Anti-Bubble Company Act" in June to restrict Nanhai Company and other companies.

It didn't take long for Nanhai shares to plummet, and by December they had finally fallen to about £124, and the company's total assets had shrunk significantly.

Many investors lost their money, and Newton lost 20,000 pounds before he could get out! This money was undoubtedly a huge amount of money for Newton, who had worked in a high-paying position as director of the Royal Mint of England, with an annual salary of only 2,000 pounds.

Afterwards, Newton felt that he had become a celebrity in the scientific world, and he could not predict the direction of the stock market, and said with emotion: "I can calculate the trajectory of celestial bodies, but it is difficult to predict the madness of people." ”

To tell such a story is to tell you:

Even if you are the world's top physicist, mathematician, game theorist, economist, psychologist, stock commentator, securities analyst, teacher, lawyer...... None of the success of your industry has anything to do with the stock market.

If you want to make money in the stock market, you first need to become an expert in the special field of stock market trading.

……

Tang He wrote his judgment on the current bear market into the article.

Then he excerpted a few real cases registered in newspapers and magazines, and summarized these cases to summarize a few ordinary retail investors how to deal with the market maker, as well as the methods and means to deal with this coming bear market.

Tang He tried to use this article to impress Wu Wei's uncle, so that Wu Wei's uncle agreed with his opinion, and then relayed it to Zhang Weida.

As for why he didn't give the article directly to Zhang Weida, Tang He felt that with Zhang Weida's current state, he wouldn't believe in himself as a hairy boy at all.

Because in this era, the authorities still have great power.

……

……

Regarding the plot of the 1997 stock, you must not be serious. The rebel has never speculated in stocks, and he doesn't know anything about stocks. All the descriptions of the stock in 1997 were made after consulting some information and then processing them according to their own understanding.