After listening to this, Chen Weidong was silent for a long time.

Although many things have changed because of his rebirth, some historical trends are still repeated in the same order as the script.

In the final analysis, the reborn is just a slightly larger fish in the torrent of history.

During this period, whether it is an ordinary shareholder or a securities investment institution, who would have thought that the Shanghai Composite Index would create a historical high point of A-shares with a rather inconspicuous small white line.

6124, is it really the last "swan song" of hundreds of millions of shareholders?

"Ah Wei?" Lin Zeju saw that Chen Weidong's face was a little wrong, and heard his heavy breathing again, and whispered: "I think that there is no need to worry so much, the current domestic economic situation is performing well, and although the impact of the subprime mortgage crisis in the United States has begun to spread, it will still take a certain amount of time for it to be transmitted and effectively affect us, and I believe that there will definitely be a response plan in China." ”

"As for the stock market, when the adjustment is completed, it should also hit a new high, at least before the opening of the Olympic Games, there will be a market. Two days ago, I read the "Securities Times" sent by the secretary, and a manager of China Merchants Securities also said that he would watch the Olympics at 8848 and realize the Everest plan."

"Ahem, ahem, how much do you think the stock market will rise?"

When Chen Weidong heard him say 8848, he almost ran out of breath.

"Ten thousand points, at least ten thousand points! The Hong Kong index has almost risen to 32,000 points this round, and I am optimistic about the development of the mainland, especially South China. ”

When Lin Zeju said this, his face was full of ease and confidence.

Over the years, he has spent most of his time in the mainland.

Being at the forefront of reform and witnessing the take-off of the domestic economy, in this process, everyone's wealth is growing rapidly, the standard of living has improved significantly, and everything is so smooth and beautiful.

In this context, it is normal for people to be a little blindly confident, even a little impetuous.

It's just that Chen Weidong didn't expect that even Lin Zeju, the top rich second generation, is so confident that the Shanghai Composite Index will break through 10,000 points, so you can imagine how far people's fanaticism in the financial market has reached.

He hesitated, took a deep breath and said: "I agree with your point of view, South China City will definitely surpass Xiangjiang in the future and become the new Asian financial center, and even according to the current GDP growth rate, we can boldly predict that in less than three years, China's economic aggregate will surpass the island country and become the world's second largest economy." ”

"But in our country, finance and the real economy are completely different things."

"If nothing else, 6124 is basically the highest point in the history of A-shares, at least for 20 years, it will definitely not go up."

As he spoke, he held up two fingers and shook them.

"What? That's impossible! Can't get back to 6,000 points in 20 years? Is our economy stagnant? Or did something major change take place and go downhill? ”

Lin Zeju's face changed greatly, and he stood up from the sofa on the spot in a hurry.

Normally, a country with a fast-growing economy will definitely have a long-term upward stock market.

Finance is a derivative of the real economy, and the two complement each other and restrict each other.

The macro trend is basically in line.

If the financial market is in a downturn for a long time, there is a high probability that there is a problem in the national economy.

"Nothing is impossible, when the crisis is always proud, the Shanghai Composite Index started from 998 points in 05 years, and it took just over two years to rise to 6124 points, an increase of more than five times, such a crazy trend, we are the only ones in the world."

"With such a high position, as long as there is a slight external force, it is easy to cause a stampede, a herd effect, and at that time, it will even become uncontrollable."

Chen Weidong sighed slightly, with a hint of worry in his calm expression.

"You mean, the subprime mortgage crisis will be the trigger for the stock market to crash?"

Lin Zeju still doesn't believe that the stock market will collapse soon, and said: "A-shares have fallen by 20% recently, if they continue to fall, doesn't the CSRC care?" The state will not intervene?

"Manage, of course I will, but I just try to maintain no plummeting and no sharp fall, after all, the mission of this round of bull market has been completed, and the next trend is acceptable as long as it is not too ugly."

After Chen Weidong finished speaking, his brows furrowed, as if he had thought of something troublesome again.

I have to say that most shareholders don't know that the existence of the CSRC is essentially to help companies better finance, not to let shareholders make money in this market.

In the eyes of policymakers, this bull market was almost over on May 30.

At that time, there was a major turning point in monetary policy, and the state began to raise the reserve requirement ratio.

This adjustment means that the entire market will start to run out of money, gradually reducing the total amount of money in circulation in the market.

The 530 event is a clear signal from the market to investors.

It's just that the vast majority of people don't realize this, and everyone is carried away by the skyrocketing market.

As for why the market is still rising after 530, the main reason is that the "main funds" have not completely escaped, and they need to try to go quietly to avoid systemic risks.

If the public fund is full of straw bales, then the traders in the "national team" definitely still have a few brushes.

Soon after the information on the shareholding division reform was issued, the China Securities Regulatory Commission (CSRC) approved the entry of foreign-funded institutions into the China stock market.

It takes a long time for foreign institutions to approve the purchase of stocks, and by the time they enter the market, it will already be in a bull market.

Who bottomed out at 998? Chen Weidong, as a reborn, of course, knows that it is the social security fund!

They ate the whole round of the market almost perfectly, began to reduce their positions after the "530 incident", and finally completely got out of the market.

After 530, the bull market has existed in name only, and the number of daily limits for small-cap stocks has decreased significantly.

The market divergence.

At this time, the word that appears the most is the "28 phenomenon".

That is: 20% of stocks have a chance to rise, and the other 80% can only linger in a small space.

This 20 percent is the large-cap stocks.

Obviously, when the market is already at a high level, the elephant suddenly dances does not mean that the market is going to challenge the higher mountain, and it is highly likely that they are providing cover for some money.

After all, large-cap stocks are usually mature and stable companies, but because their performance is too stable, the room for growth is relatively limited, and there is no story to tell, so it is difficult to be speculated by market funds.

But they all have one characteristic, and that is "high weight".

Just pulling up their share prices can create the illusion that the broader market is doing well, allowing some of the money in the small-cap stocks to sneak back.

In this process, there will be veterans in the securities industry who will continue to advocate the "price-earnings ratio" to the market.

"Look, the performance is so good, and the price-earnings ratio is still so low, it's not too much for this company's stock price to double again, right?"

"What? The market is so good, you haven't made any money? Now only large-cap stocks have not risen much, hurry up and get in the car, otherwise you will miss the last chance! ”

As a result, countless stockholders who entered the market in the second half of the bull market and have not yet made money have poured into large-cap stocks and played "value investment".

The result, naturally, is obvious.

"No wonder when the market was so good before, you repeatedly told Chen Jie to withdraw, and the water in it was too deep."

Lin Zeju was a little afraid, picked up the water cup on the coffee table, and drank all the essence in one go, before slowly relieving himself.

"It's just that so many shareholders are kept in the dark, and there is really no problem with taking over at a high level?

At this moment, he has vaguely realized that the A-share market may be a scam carefully designed for retail investors.