Listening to Ding Xu's question, Qi Fei smiled helplessly: "About the negative effects of interest rate cuts...... This is a long question, and it also involves some financial expertise, so I will try to explain it to you in more popular language. ”

According to Qi Fei's understanding, during the economic downturn, using RRR and interest rate cuts to release liquidity and increase currency, commonly known as "water release", is the most common old routine used by countries around the world to stimulate economic recovery.

In the past 30 years, China has driven the rapid development of the economy with a quantitative money supply. The direct result of the currency is that China's economy has been constrained by inflation, and the real purchasing power of the renminbi has depreciated more strictly.

Although inflation-led investment growth has brought about a high annual economic growth rate of about 1o% in the past decade, it has also led to economic and social problems such as overcapacity, inefficient investment, misalignment of resource allocation, widening income gaps, national advances and retreats, and sluggish consumption. These problems, to a greater or lesser extent, are related to currency.

Therefore, there have always been monetary experts who strongly oppose the cut of interest rates and reserve requirements, and their view is that what China's economy lacks at present is not liquidity, but investment opportunities. The continued weakness of the international economy has led to a sharp decline in China's exports, which has caused problems in the economic structure to be exposed under the pressure of poor exports, such as soaring costs, low-level competition, overcapacity, and so on. This year's two interest rate cuts and large-scale attempts to inject liquidity into the market through the reverse repo have indeed not had a substantial effect on the pull of the economy.

However, it seems that the call for a strong drug to solve the 2oo8 financial crisis has prevailed, so the central bank finally adopted a sharp interest rate cut and RRR cut, and the rate cut hit a 11-year high.

Speaking of this, Qi Fei asked: "Ding Xu, you have to make it clear that in the case of insufficient motivation to invest in the real economy and few opportunities, if you continue to release liquidity by cutting interest rates and reducing the reserve requirement, there will only be two directions for money, that is, to the stock market and real estate, the two virtual economic fields. Now that the government is cracking down on real estate and propping up the stock market, where do you think the money will go? ”

Ding Xu suddenly understood: "Okay, I understand." Since the funds after the interest rate cut will flow into the stock market, today's market should be forced to rise short, and the funds to make up for the short. Don't worry much about the market, but you still have to be careful of those hot stocks that rose sharply in the early stage to take the opportunity to ship, at least the second bureau of China Railway you said can't enter now, so as not to receive flying knives. ”

Before Ding Xu's words fell, Qi Fei suddenly exclaimed, "Oh no! The high platform is diving! ”

After the market opened just now, Qi Fei was eager to let Ding Xu share his happiness, so it was a text message and a QQ message, so that Ding Xu knew the good news that the market opened nearly 7% higher and Qianyuan Power's daily limit, and at the same time explained to him why the central bank's interest rate cut can make the market and individual stocks so strong.

Unexpectedly, just after explaining, Qi Fei habitually opened the stock trading software and took a look, and was immediately shocked.

After the Shanghai Composite Index opened higher, it briefly soared to 2o22 points, and then dived quickly and fell below the 2ooo point mark again. After only ten minutes, it fell to 1981 points, an increase of only 4.39%.

Qianyuan Power also quickly opened the price limit, falling from 9.55 yuan to 9.35 yuan, and the increase fell by more than two points. Fortunately, the main force controls the disk Cheng very strongly, even if the price limit board is opened, there are not many selling orders, the main force only used some small orders of hundreds of hands, and the price limit was strongly sealed again before 9:4o.

Baotou Iron and Steel Rare Earth is not so strong, all the way to follow the market diving, within ten minutes, it fell from 7.57 yuan to 7.36 yuan, the increase fell by 3 points.

"High diving? Which plate is leading the dive? Seeing the information from Qi Fei, Ding Xu's heart tightened, and he hurriedly asked.

"Real estate stocks, and brokerage stocks! It's over, these are all heavy positions of funds and institutions, and they are taking the opportunity to ship! Qi Fei took a look at the rankings of the fastest-falling stocks in Shenzhen and Shanghai, and immediately came to his own conclusion.

At the opening of today's market, almost all real estate stocks have a daily limit, followed by brokerage stocks and some bank stocks. And now, they are the ones who are leading the dive.

"No wonder I always felt a little uneasy just now, it seems that the initial feeling was right...... The high opening range at the opening is too high, which is not conducive to the subsequent trend, and it is easy to turn into a high opening and a low walk. In class, Ding Xu sighed softly, but he didn't dare to sigh anymore, because he was afraid of being seen by teachers and classmates.

At this moment, Ding Xu was in the classroom, but his heart flew to the stock market.

In this wave of market that began at 168o points on November 7, the index rebounded by about 2o%, but many individual stocks only barely maintained the same gains as the broader market. And in the adjustment in the past few days, many non-hot stocks have almost fallen back to their original positions, with a small increase and underperforming the market.

At the same time, a number of hot leading stocks such as Taihang Cement and China Railway Second Bureau have more than doubled, and the overall increase in the sector that stimulates domestic demand is close to 5o, which shows the importance of seizing the hot plate.

At the same time, since the stock market has not continued to rise, and the stocks that have risen sharply are still limited to some hot sectors, the news of this interest rate cut may use a sharp increase to attract retail investors to chase in, and cover the flight of funds from the hot sectors that rose sharply in the early stage.

For example, today's real estate and brokerage sectors, which take the lead in the daily limit, these stocks are basically heavy varieties of funds and institutions, how can the fat in these main bowls be willing to let retail investors eat lightly, so once retail investors chase high, there is a risk of being trapped.

This is what Ding Xu is most worried about.

So, after listening to Qi Fei talk about the situation of the market and plates, Ding Xu immediately went to the miracle group to remind everyone not to buy stocks indiscriminately, so as not to be trapped, and especially reminded Professor Xie Weihua and Teacher Chen Xiao.

Fortunately, the funds of the group friends are basically on Baotou Steel rare earth, so there are no group friends to buy shares today.

"Group leader, Baotou Iron and Steel Rare Earth is now 7.41 yuan, I bought it with you for 6.9 yuan, and now I have earned seven points, do you want to sell it?" Soon, Chen Xiao said in the group.

The last time he did the T death squad to do T on Baotou Iron and Steel Rare Earth, Ding Xu naturally called Professor Xie and Teacher Chen Xiao.

"There is no need to sell in a hurry, since we bought buns in six yuan nine, we feel that the adjustment of buns has ended, and it will rise again, and now we have only earned a few points. Don't worry, we are doing medium and long-term, don't frequently engage in short-term, in case you can't do T to get on the car, it's not good, and the feeling of stepping on the air is very uncomfortable! Ding Xu thought about it for a while and replied.

So the friends of the miracle group were all comfortable and calmly watched the big market performance.

However, this wave of high diving is indeed fierce, 1o:17, the Shanghai Composite Index has fallen to 1952 points, an increase of only 2.87%.

At two o'clock in the afternoon, it dived again, and the Shanghai Composite Index closed at 1917 points, up only 2o points, an increase of only 1%, and shrunk about 6% from the high point in early trading. The trading volume was 86.4 billion, double that of yesterday.

On this day, Chinese investors experienced a process from ecstasy to disappointment to extreme disappointment.

Ding Xu is also uncomfortable - Baotou Iron and Steel Rare Earth closed at 7.o8 yuan, an increase of only 2%, a decrease of 7% compared with 9% in early trading, and even compared with Chen Xiao when he asked whether to sell, the increase also shrank by nearly five points.

The Qianyuan Power that Qi Fei bought in the cooperative account was very strong, although it opened several times in the morning, but in the end it still ignored the diving of the market, and at about 11 o'clock, it once again sealed the price limit and maintained it until the close. Moreover, there are very few selling orders after the closure, indicating that it may still rise the next day.

After returning home after closing, Ding Xu carefully studied the market, and finally said sadly in the miracle group: "Sure enough, I still have little experience in stock trading, especially in the short term. Today I made a mistake in decision-making, and I should have taken everyone to do T, and as a result, everyone lost more than five points of difference, sorry for everyone. ”

"It doesn't matter, maybe it will rise again in two days. If it weren't for the group leader to take us firmly, we might have sold it for more than five yuan, and we wouldn't be able to cover it now. Jade Shadow comforted optimistically.

"Yes, you're not a god, how do you know you can dive so much? One can only blame the main force for being too cunning. Sora also comforted.

"Anyway, the increase in buns has doubled the market, and if it rises, I will earn back a face washer today." Stupid is very open.

Although he is still trapped, he is still very happy to see the loss of money decreasing day by day.

"Group leader, I think you must figure out one thing." At this time, the guy who likes to speculate in stocks suddenly said.

"What's the matter?" Ding Xu asked suspiciously.

The guy loves to speculate in stocks and said sternly: "Since you are doing medium and long-term, you must adhere to the medium- and long-term strategy, see more and move less." If you do medium and long-term, but use the standard of doing short-term to demand yourself, and try to catch every short-term fluctuation, your rhythm of doing stocks will be disrupted, and then the long-term will not be like the long-term, and the short-term will not be like the short-term, but there will be problems! ”

Hearing this, Ding Xu thought for a long time, and finally suddenly became enlightened, and said sincerely: "Thank you, guy, I understand!" ”

………………

(Today, I saw a few more such posts in the book review area, as well as the first article related to the work, which is clearly written, can't you find this skirt number?) Well, I wrote it in the introduction several times, but I didn't let it pass guò, and the work was deleted many times, so I had to deal with it like this, and I will announce it again here.

Ask for tickets and collect. ）

，！ 1t; /agt; 1t; agt; 1t; /agt;;

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