Chapter 385 The worse the economy, the better the stock market
Monday, February 2, 2009, fine, the first trading day after the Chinese New Year.
Ding Xu didn't sleep well all night, got up early in the morning with two dark circles under his eyes, and began to check the recent trend of international gold prices, silently reciting "ups and downs" in his heart. I didn't expect to turn on the computer and see that the price of gold was still strong. It went up and went up a little bit.
During the Spring Festival, the price of gold rose a lot, and investors who collected gold were naturally overjoyed, but Ding Xu was a little sad.
When you want to buy gold stocks, it is natural that the price of gold will fall. When it comes to shipping, it is necessary for the price of gold to rise sharply.
"Do you want to change the stock in another sector? Do you buy buns or gold? Ding Xu scratched his head, a little worried.
Baotou Steel Rare Earth is indeed a good stock, but this wave of gains has doubled, and even Ding Xu himself is worried that he will encounter the adjustment pressure after the double, so he has sold it and temporarily replaced it with Zhongbing Optoelectronics.
The rise of CICC Gold is relatively smaller, and it has not yet been officially launched, with a circulation of more than 100 million, compared with the circulation of more than 400 million rare earths of Baotou Steel, it is also much smaller, but the stock price is higher, and the circulating market value is not much smaller than that of Baotou Iron and Steel Rare Earth.
Ding Xu's favorite thing to use is the price comparison relationship, and when speculating in stocks, he also holds a cautious attitude in Zhuge all his life, and likes to choose stocks that are just about to start, rather than stocks that have risen continuously. So between the two stocks, he ended up leaning towards CICC Gold.
It's just a plan (can't catch up with the changes, the Tang family's tens of millions of funds were finally in place on the sixth day of the first month, and the account number and password were also given to Ding Xu, everything is ready, only Dongfeng is owed, Ding Xu rolled up his sleeves. Get ready for a big fight. Unexpectedly, the price of gold has risen sharply in the past few days. This made it difficult for Ding Xu to purchase goods.
"It's fine. Even if it's up and down, it's worth chasing. After all, according to the habits of the main force of this stock, if you really want to start a wave of rebound market, you generally pull a price limit, consolidate for a few days, and then continue to rise sharply. It's okay to pay a little price, as long as you eat the rising wave behind. After all, the price of gold is expected to continue to rebound, and gold stocks have been silent for more than half a year. It's time for a wave of market. Ding Xu thought for a long time and finally made up his mind.
After making up his mind, Ding Xu felt that the knot in his heart opened all of a sudden, he whistled, logged in to the miracle group, and said "good morning".
Unexpectedly, it was only more than seven o'clock, and many people in the group were talking about stocks, and when they saw Ding Xu appearing, everyone asked questions.
"Miracle, what do you think of the market after the Spring Festival? How long can the Spring Festival red envelope market last? Can you stand on 2000 points? Will it fall back to 1664? Will the bull market really come? A group member named "Jingjing" asked five questions in one breath. Ding Xu rolled his eyes when he asked.
"This should be the start of a small bull market! I think that's enough to answer five of your questions. Ding Xu thought about it and said with a smile.
"But the recent economic numbers are so bad. There are also annual reports of listed companies, most of which are declining or even losing money, and the overall performance has declined very much! I'm wondering if I'm going to quit the stock market after the Spring Festival red envelope market you said about the week before and after the Spring Festival, and I'm going to withdraw from the stock market and wait for the next opportunity. Jing Jing said with some hesitation.
"That's right, I'm going to stop after this week, and I'm not going to do it." Red Scarf also said.
"You're right, the economic numbers are poor, and the performance of listed companies is also very poor. But you have to know one thing, the worse the economy, the better the stock market, and there will be a bull market. The better the economy and the worse the stock market, there will be a big bear market. Ding Xu smiled.
"Fallacious reasoning!" The red scarf couldn't help but refute, "The stock market is a barometer of the country's economy, don't you know this sentence?" ”
"Yes, the stock market is indeed a barometer of the country's economy, but it is not proportional, but inverse." Ding Xu patiently explained, "According to my understanding, when the economy is good, the country needs to invest funds in the real economy, do industry, and engage in infrastructure, so I don't want the stock market, a virtual economy, to be too hot, so as not to let all the funds in the society flow into the stock market." Only when the economy deteriorates, and when the real economy does not make money or even loses money, it is necessary to invigorate the stock market, so that the stock prices of listed companies can be boosted, and then reduce their holdings at a high level to obtain a sum of cash, and then invest in the real economy. So the economic figures from 2001 to 2005 were very good, the GDP was in double digits, and the world was dominant, but China came out of the five-year bear market. And in 2005, when the economic figures deteriorated, a big bull market began. By 2007, the economy was starting to get better, the stock market was up fivefold, and the bear market began. ”
"It seems to make some sense, but don't forget, the economic numbers in 2008 were also very poor, the economy was declining, so why not continue to go in a bull market? Why do you think that the big bull market has just ended a year, and now it can go through a small bull market, just by relying on the speculation of the infrastructure sector related to the four trillion policy? Historically, there have been very few such cases, right? Red Scarf asked unconvinced.
"It's very simple, on the one hand, the stock market has risen five times in the past few years, and the big money has made too many profits, and they have shipped, plus large-cap stocks such as PetroChina have been listed, resulting in a blood-pumping effect, and the technical and financial aspects no longer support the bull market. On the other hand, the situation in 2008 is also very special, after falling to 3000 points, the subprime mortgage crisis broke out in the United States and quickly spread to various countries, the global financial crisis once in a century created a panic in the external environment, first the US stocks plummeted, and then the European market followed the sharp fall, the Asia-Pacific market is also a panic, including Hong Kong stocks are also a heavy fall, so A shares also appeared panic sharp fall, including the ICBC, the Bank of China and the construction bank, the three major banks, also fell off a cliff, The market fell all the way to 1664 points. ”
Ding Xu replied, 'This kind of special harsh environment that affects the world is difficult to replicate, which has created a 1664-point bottom. But the heavyweight stocks have fallen to this position, and there is no way to fall. At the same time, the fundamentals of listed companies are deteriorating, and if they want to combat the economic downturn, they must significantly adjust their economic policies. So with the current moderately loose monetary policy, active fiscal policy, including the four trillion economic stimulus policy. In addition, I saw a figure yesterday that the current dividend yield is close to the return rate of one-year fixed deposits and one-year treasury bonds of banks, and this is still calculated at the 30% dividend rate, which has only occurred in 2005 in the history of A-shares. As you know, 2005 was the beginning of a big bull market. Although it is only one year from the end of the last wave of bull market, in the special period of rapid economic decline and need to fight against the international financial crisis, the country needs a wave of small bull market to fight the economic downturn, and listed companies need a wave of small bull market to cash out funds, so this wave of small bull market is needed by the country, and there is a high probability that there will be. ”
The red scarf was stunned when he heard it, he rolled his eyes for a long time, and squeezed out four words: "Damn, I don't understand!" ”
"Miracles are getting more and more able to say, although I don't know what dividend yield is, but it sounds very professional. I don't know if you believe it, but I believe in miracles. Jing Jing breathed a sigh of relief and said reassuringly, "I don't care about anything else, I just want to double in the stock market, because I really need a life-saving money." ”
"What's wrong with you?" Ding Xu was shocked when he heard this.
"Alas, don't mention it, my dad owes millions in gambling debts, or loan sharks. I'll have to find a way to help him pay it off. Jing Jing said helplessly, "It's a pity that I don't have enough money, so I want to come to the stock market to make a profit." I saved 500,000 yuan from all over the place, and I was counting on doubling it, otherwise my dad might be kidnapped one day. ”
"Gambling is illegal, and gambling debts are not protected by law!" Ding Xu reminded.
"I know, but they come to the house every day to ask for debts, and they also splash paint on the door and write big-character posters, what do you do?" Quietly sighed and said, "I don't want to make a fortune by speculating in stocks, I just want to double with you and pay off my father's gambling debts." Miracle, can you help me? ”
Ding Xu's heart tightened suddenly. This Jingjing is very similar to his own life experience, and his father also owes a huge debt of millions, hoping to change his fate by trading stocks.
The problem is that in Ding Xu's eyes, doubling is not difficult, but it requires long-term confidence and perseverance in Jin's holdings, can it be done quietly?
…………………… Dividing line ........................
(Speaking of one thing, when I wrote the chapter "It's Not Easy to Stand on a Pile, Stay Away from the Computer", I wrote that Ding Xu and his son stood on the balcony because of the air circulation on the balcony.) But this is replaced by the environment of my home, which refers to the closed balcony with aluminum alloy windows, which can open the screen window, but close the study door, so although the air circulates, it is not convection, and basically there will be no wind. Here's a reminder: If you are interested in standing piles, it is best to stand indoors, close doors and windows, and at least do not have convective winds. Whether it is standing on the pile or practicing the Yijin Sutra, try not to blow the wind, because the pores are open during the practice, and the wind is easy to get cold.
In addition, the heroine of this book said very innocently, please don't associate the decline of the market with her appearance last night, this is unscientific...... (To be continued......) R1292