On July 19, the Kyoto Index closed at 436.27 points.

The Kyoto index began to fall from its highest point of 1658.95 points on 2/16/93, and after a one-and-a-half-year bear market, the stock index has fallen by 73.70%.

Because of Yu Ming's foresight, after escaping from the top, he escaped the strangulation of the bear market, and successfully speculated in the bear market to raise the concept of the stock Yanzhong Industrial, and there were a lot of gains, and ordinary shareholders are not as lucky as Yu Ming, and the retail investors who can flee at the top like Yu Ming can be said to be one in ten thousand, almost all of them have experienced the bear market and have been strangled beyond recognition.

This wave of bear market has affected social stability, and the negative impact of the bear market has been deeply reflected in the gold 911 (second) class of Huaqing University, where Yu Ming is located.

The 19th was a Tuesday.

During the morning recess, Kang Qiling, who was at the same table, told Yu Ming that his cousin Kang Qifeng had lost a lot of money because of stock speculation, and he had gone crazy a week ago, and was currently delirious and often self-harming, and the family had no choice but to send Kang Qifeng to a psychiatric hospital.

Kang Qiling also told Yu Ming that Duguhu's father in the class committed suicide by jumping off the building last night, and Duguhu had rushed back to his hometown early this morning to mourn, Kang Qiling sighed after hearing the class bell ringing:

"The stock market is very harmful!"

After the afternoon class, counselor Ai Qinghai told Yu Ming that the head teacher Zhang Qunfang had a conversation with Yu Ming and asked Yu Ming to go to Director Zhang's office.

When Yu Ming walked into the office of the head teacher Zhang Qunfang, he saw that the class leader Yu Zhengwen was also there, and the atmosphere was a little dignified.

Zhang Qunfang saw Yu Ming coming in, pointed to the sofa and said:

"Xiao Yu, sit down."

After Yu Ming sat down next to Yu Zhengwen, straightened his body and looked at the head teacher quietly, at this time, Zhang Qunfang said:

"Have you heard about Dugu Lake?"

Yu Ming nodded and said:

"Yes, Kang Qiling has already told me."

Zhang Qunfang said to Yu Ming:

"Xiao Yu, although you are not a class cadre in the class, but your diligence and ability are obvious to all, you were also the class leader of the 911 class, and you have done a good job in caring and loving your classmates, so I also called you here to talk about Duguhu."

Yu Ming said:

"No problem, I'll do my best where I can."

Zhang Qunfang was very satisfied with Yu Ming's answer, nodded lightly, and said affirmatively to Yu Ming:

"You used to miss a lot of classes because of stock trading, and the class leader, counselor, and me, including the substitute teacher, didn't talk to you, in addition to the fact that you studied hard and met the requirements of all science scores, there is another reason, do you know?"

Yu Ming shook his head and replied:

"I don't know."

Zhang Qunfang smiled slightly, and the solemn atmosphere eased a lot.

张群芳 says:

"Because you have never failed to speculate in stocks, and you have won the championship of the Straight Flush Simulated Stock Speculation Competition, and never speculate in the short term, several teachers in our Department of Finance are trading stocks, and they never speculate in the short term, so we all regard you as the vane of the stock market, when you miss class for several days in a row, we know that you must be operating stocks in the dormitory, when the stock market is at a high level, you must be selling stocks, when the stock market is at a low level, you must be carrying out the operation of opening a position on stocks, so we are following your pace to operate our stocks, all of which were cleared in February last year, successfully escaped the baptism of the bear market. ”

After Yu Ming heard the words of the head teacher, he was also surprised in his heart, he was worthy of being a lecturer and professor at the university, they were all high-IQ figures, and they could find clues from their own behavior, amazing!

However, Yu Ming can't be proud, and he still needs to be moderately modest, so he said:

"I'm not smart at trading stocks, but I buy when I think the stock price is too low, and sell when I think the stock price is overvalued.

张群芳 says:

"Then you have the favor of the god of fate, but you don't have to be complacent, last year when you speculated on the stocks of Yanzhong Industrial, we thought that the stock market reached the bottom, and all the stocks were built, most of us were full of stocks that we were used to, only a small number of people who built positions late were the stocks of Yanzhong Industrial that rose strongly after the position, and there were not many positions, most of the positions were other stocks that they were familiar with before, fortunately, before you sold Yanzhong Industrial, the stock market was sideways, and the Kyoto Index was still rising slightly. When we woke up to the fact that you were speculating on the concept of stocks, we quickly cleared the stocks, some people made a little profit, most of them were loss-making, but the loss was only the handling fee for opening and exiting the position, and only the two teachers who opened the position in Yanzhong Industrial had a big profit. ”

Yu Ming asked:

"Are the two teachers from Jiancang Yanzhong Industry you and Counselor Ai?"

Zhang Qunfang said proudly:

"Counselor Ai and I both opened a position in the stock a week after you opened a position, which stock we absorb is strong, we will buy which stock, just caught Yanzhong Industrial, a concept stock, but we have only opened less than one-third of the position, if only the position was full of Yanzhong Industrial."

Yu Ming gave a thumbs up and said to Zhang Qunfang:

"Director Zhang and Ai are tutoring Gao Ming!"

Zhang Qunfang said these things earlier, all of which were to straighten out some things in the early stage with Yu Ming, the purpose was to eliminate the estrangement and deepen mutual understanding, Zhang Qunfang saw that the goal had been achieved, and led the topic to the topic, Zhang Qunfang looked at Yu Zhengwen, who had no opportunity to speak for a long time, and asked:

"Squad Leader Yu, I heard that two of your relatives are good at stock trading, how is the situation now?"

Yu Zhengwen replied:

"Among our relatives, only Sima Hai and Ye Danyang are speculating in stocks, relatives and friends have handed over money to Sima Hai to speculate in stocks, during the bull market, the two of them made a lot of money, but in the bear market, they lost all their money with interest, and the two of them had a small quarrel for three days, and a big quarrel for two days, and then after the two of them made a big move, they divorced, because of stock speculation, and the family was scattered."

Zhang Qunfang sighed and said:

"The country opens the stock market, the starting point is not wrong, but because the stock market is not sound, the stock market is soaring and plummeting, a little careless, it will be a catastrophe, due to the asymmetry of interest stopping, the general shareholders are ordinary small retail investors, and will eventually be strangled by the meat grinder of the stock market, and finally there is no slag left, this is the sorrow of ordinary small retail investors! Ordinary shareholders are using their own balance to speculate in stocks, and if they lose, they will lose money, and they will earn it again, but Duguhu's father Dugujian is different, Dugujian tasted the sweetness of borrowing usury to speculate in stocks in advance, and finally took advantage of his position to embezzle 5 million yuan of public funds from the unit to speculate in stocks, and as a result, there was no loss left, and finally embarked on the road of no return. ”

Zhang Qunfang said this, took out a stack of materials and handed them to Yu Ming and Yu Zhengwen respectively and said:

"After Duguhu went home in the morning, the school's stability maintenance office immediately sent someone to Duguhu's hometown to solve the situation, which is the information on Dugujian's stock speculation brought back by the school's stability maintenance office."

……