The investment era of rebirth

Chapter 391 The big news in the market!
"Shanghai Index Qi Lianyang directly broke through from around 2150 points to around 2385 points in one breath, spanning a range of more than 200 points, and directly rose by 10%. The trend of the Shanghai index with such a large span of seven consecutive suns has to be traced back to the great bull market in 07.”

After the Shanghai stock index set a trend of seven consecutive positives and a single-week increase of 6.89%, some investors were very excited in the bursting bullish mood of the market.

"The performance of the index in the two weeks before and after the festival is really good. It feels like the whole market has been activated."

"It's not the whole market, is it? Sectors such as 'military industry, non-ferrous metals, coal, banking, securities, insurance' have not risen much, lagging behind the index seriously. This round of market rebound... mainly depends on 'infrastructure', "State-owned enterprise reform" is brought together by the two core main market trends, and other sectors have not shown an overly strong trend. It feels that the market is still in a trend of differentiation and rebound, and has not yet formed a bull market pattern."

"Why do sectors such as 'military industry, non-ferrous metals, coal, and finance' go up?"

"Have you experienced the last big bull market? In the early days of the bull market, it was impossible for all stocks to rise in the market. The initial stage of all big markets started with the rotation, and there is no doubt... the current 'infrastructure ' and 'state-owned enterprise reform' are the two core themes, which are the clarion call for this round of big market."

"However, the securities sector has remained silent, indicating that the market's expectations for a 'bull market' are not consistent."

"Yes, securities is the leading sector of the bull market, and if the securities do not move, it is hard to call it a bull market, right?"

"The statement of the bull market is still doubtful, but the trend of this round of market is really beautiful, and the volume and K-line trend are very perfect."

"This is true. The daily turnover of the market has basically stabilized above the 1000 billion mark."

"As long as the volume can be maintained, the bull market will come sooner or later."

"However, the two core themes of 'infrastructure' and 'state-owned enterprise reform' have rebounded quite a bit since they were launched before the festival. If we continue to rely on these two main themes to break through, I am afraid that the pressure will be great!"

"Where is this going? The two core themes of 'infrastructure' and 'state-owned enterprise reform', and the related concept sector index and industry sector index, have risen 10% to 15% higher than the Shanghai Index since they started from the bottom." , the relevant core popular stocks have risen from the bottom, and now most of them have increased by about 35% to 45%. The only stock that has really doubled the increase is Beixin Road and Bridge. When it's over."

"Judging from the K-line charts of the concept sectors and industry sector indexes related to the two core main lines of 'infrastructure' and 'state-owned enterprise reform', the market has just stepped out of a breakthrough trend. At this time, there are huge risks in the market of these two main lines. It's really too early."

"In the past few days, in the two core areas of 'infrastructure' and 'state-owned enterprise reform', the main funds have still experienced a large net inflow. Since the big funds are still increasing their positions, there is no risk, let alone the end of the market.”

"Indeed, judging from the market performance, the main funds are obviously still flowing into sectors related to 'infrastructure' and 'state-owned enterprise reform', as well as core individual stocks."

"I feel that with such a large-scale involvement of the main funds of all parties, even if the market is rebounding rather than reversing, the two popular stocks related to the two core main lines of 'infrastructure' and 'state-owned enterprise reform' should generally double their market prices, right? "

"Based on the mainline markets such as 'Shanghai Free Trade Zone', 'Mobile Internet', and 'Smartphone Industry Chain' that were hyped last year, there must be a doubled market."

"The main funds are so deeply involved, and the popular stocks on the main market, the double increase is the minimum, right?"

"If calculated based on the general doubling of the core hot stocks, the two main lines of 'infrastructure' and 'state-owned enterprise reform' are still at least 20% to 30% higher. The bear line mark is only in the range of about 2500 points, and I feel...the two core market trends of 'infrastructure' and 'state-owned enterprise reform' can definitely bring the index to 100 points."

"In fact, no matter whether it rebounds or reverses, there is no need to predict it at all."

"Yes, just follow the direction of the main capital accumulation and inflow and follow the trend to buy. So many predictions are false!"

"Actually, to what extent the two core market trends of 'infrastructure' and 'state-owned enterprise reform' can go, just focus on Mr. Su's two positions on the Dragon and Tiger List, and the trend of Beixin Road and Bridge, the concept leading stock in the two cities. The so-called "Spring River Plumbing Duck Prophet", Mr. Su is an important main force that affects the two core market conditions of "infrastructure" and "state-owned enterprise reform". His judgment on market conditions must be more accurate than ours. As the most active main funds in the field, the hot money bigwigs who are hyping have the most sensitive sense of smell. If the main hot money from all walks of life and Mr. Su are retreating on the dragon and tiger list, then I guess the market will be about the same."

"Indeed, it's more convenient to focus on the K-line and analyze the trend than to focus on the Dragon and Tiger List of Beixinluqiao."

"President Su's tens of billions of money gambled heavily on the two main lines of 'infrastructure' and 'state-owned enterprise reform'. If he retreats on a large scale, it should be difficult to escape the disclosure of data on the Dragon and Tiger List?"

"That's for sure. According to the calculation of the bargaining chips that Mr. Su intervened in during the three daily limit stages of Beixin Road and Bridge, Mr. Su currently has at least [-] million chips in the stock of Beixin Road and Bridge. Once a large-scale sale of chips of this size, There is definitely not a small change in the surface of the Beixin Road Bridge, which is easy to observe."

"Yes, yes, popular leading stocks are the leading indicators of the main market."

"Judging from the current market situation, Beixin Road and Bridge has gone out of 6 consecutive daily limit, counting the 3 daily limit in the first stage, a total of 9 daily limit, such a height of hype, I am afraid that there is not much room for it?"

"Who knows, the leader doesn't say anything!"

"As long as Mr. Su continues to lock up positions, I feel that Beixin Road and Bridge can continue to rise."

"As long as the hot money continues to relay, with the current market sentiment, I feel that there will be another five or six rebounds. Many novice investors outside of the market entered the market."

"Hey, Mr. Su is really the No. 1 in the history of creating a monster stock in the market. This wave of people who caught the stock of Beixin Road and Bridge really made a lot of money."

"The fact that Beixin Road and Bridge have reached their current height is all due to the joint efforts of various funds in the market. This check changes hands every day. Almost every board changes hands. With such a trend, even if someone buys it at the bottom It’s hard to get it now, right?”

"The day after President Su intervened in the stock of Beixin Road and Bridge, I followed the trend and bought it. Unfortunately, I only took two boards and was washed out. Now... I really dare not pursue it."

"I was involved in the third wave of the second wave, and the five boards were washed out."

"I'm still holding the bargaining chip, and I've almost doubled my profit. When I first intervened, I was involved in a light position. Even if I made a double profit, there would not be much total profit."

"Look at today's Beixin Road and Bridge's Dragon and Tiger List data. If Mr. Su continues to lock up positions, I plan to stud the Beixin Road and Bridge stock directly next Monday. What the hell... This wave of rebound followed Hongdu Airlines by mistake. This check, not only did not make a profit, but also lost a lot, this time... I will die at the dragon's head."

"It is estimated that President Su will continue to lock the position!"

"'Internet finance', 'smartphone industry chain', 'mobile Internet' and other main lines, as well as the main line sectors such as 'liquor beverages' and 'white goods' in the consumer sector, have rebounded for two consecutive days, and today they are a little bit The successor is exhausted, hey... Sure enough, to follow the trend is to follow the strongest mainline!"

"It is true that there are currently only two core themes of 'infrastructure' and 'state-owned enterprise reform', which seem to be completely reversed. In other mainline areas, the main funds are obviously hesitant to attack."

"The trend of the strong and always strong is the truth of the market!"

"Even in the two core areas of 'infrastructure' and 'state-owned enterprise reform', the market is relatively differentiated."

"Yes, on the whole, in the field of 'infrastructure', real estate is also the strongest, and the upstream supply chains such as steel and cement are weaker. Of course, in recent days, high-speed rail and transportation have also come from behind."

After hours, when many retail investor groups in the entire market are discussing fiercely...

At 5:30 p.m., the Dragon and Tiger rankings of the two cities were refreshed. As everyone expected, Su Yu's two seats of "Fortune Road" and "Fusheng Road" continued to hide and lock positions, and other hot money and institutions They attacked everywhere, and the trading of funds disclosed on the entire Dragon and Tiger List still showed a trend of net inflows.

Faced with such data of the Dragon and Tiger List, the enthusiasm of market investors continues to rise.

All of a sudden, whether it is the place where retail investors gather on online stock trading forums, or the institutional comment areas of various financial media, or the internal discussion groups of asset management institutions, and some internal discussion groups where hot money gathers, all are full of bullish comments , and even the voice of "bull market" is once again rampant.

Immediately afterwards, in this high-pitched emotion.

In the evening, a heavy positive news from the regulatory level also began to bombard the market rapidly.

According to the news, the high-level regulatory agency, after ten years, once again issued a programmatic document on the capital market from the national level in the form of a red-headed document.

The document is titled "Several Opinions on Further Promoting the Healthy Development of the Capital Market."

The "Opinions" include expanding the breadth and depth of the capital market, increasing the proportion of direct financing, actively developing the mixed-ownership economy, promoting capital formation and equity transfer; developing a multi-level stock market; standardizing the development of the bond market; cultivating the private equity market; promoting the construction of the futures market; The competitiveness of the securities and futures service industry; expanding the opening of the capital market; preventing and defusing financial risks; creating a good development environment for the capital market and other nine aspects.

As soon as this "opinion" came out, it detonated the entire domestic financial market at night.

Numerous brokerage institutions and analysts of asset management institutions have published in-depth interpretations; financial media have also given the largest coverage; From 05 to 07, the "Xin Guo Jiu Tiao" of the big bull market.

As for hot money from all walks of life, as well as the vast group of retail investors in the entire market.

At this moment, the excitement was unbelievable. Everyone's thoughts had already reached their daily limit.

"Fuck, shit, this is really a huge benefit! No wonder the market has been so strong recently, it turns out that there is such a huge benefit to support it."

"Have you seen it? They are all opinions to stimulate the development of the capital market, and they are issued from the highest level in red-headed documents!"

"Moved, touched! This time... the bull market is really here!"

"This proves that the regulators are really supporting the development of the domestic capital market to the maximum extent. I can feel that this is definitely comparable to the benefits of the 'Nine Articles' ten years ago."

"It's no wonder that the main line of 'state-owned enterprise reform' is so powerful. The key words of 'actively developing the mixed-ownership economy' are directly mentioned in the opinion."

"What the hell, the big organizations must have gotten the news in advance, right?"

"It's no wonder that the index has gone out of Qilianyang, and it's no wonder that the big funds have recently gone crazy and increased their positions."

"Oh my god! This kind of good news, it feels like next Monday, the stock index will hit 2500 points. Hey... I knew that I should be full today."

"I'm speechless, this kind of bad... is gone!"

"Really, it's more uncomfortable to lose money at this time than to lose money."

"The explosion is good. In this wave, the market is definitely reversing, not rebounding. We are optimistic that the stock index will hit 3000 points this year, and the bull market will return!"

"What the hell, I'm raising money, and I'm going to go long with a full position next week!"

"The guidance of the programmatic document after a lapse of ten years is really a good news. Mr. Su's sense of the market... is too sensitive, right?"

"This time, the underlying investment logic of the main line of 'state-owned enterprise reform' is even harder."

"Next Monday, the index will definitely soar!"

"It can only be described in one sentence, it feels like the bull market is really here."

"Let's not talk about it, go raise money, go raise money, and buy it next week without thinking. If there is a bull market, the macro-line of 'state-owned enterprise reform' will most likely run through the entire bull market."

"I am optimistic that the Shanghai Stock Exchange Index will break through the shackles of 2500 points next week."

"Haha... I have been waiting for the bull market for 6 years, and I feel that this time it is really coming."

"Winter is over, spring is here!"

"Buy, buy, buy, when the market opens next week, no matter how high or low the stock price is, we're going to grab a lot of money."

Under the influence of extremely high-pitched emotions, in the unprecedented bullish comments of the entire market investor group...

At this moment, Li Meng looked at the positive interpretations of the "Nine Articles of the New Country" on the Internet, various institutional analysts, and the financial media, and couldn't help but look back with some doubts. Sitting next to her, she was bored eating an apple, watching Su Yu on the TV asked, "Su Yu, did you already know about this in advance?"

"How is it possible?" Su Yu responded, "This is a top-secret red-headed document instruction, how can I have the ability to spy on these policy information, besides, all kinds of market information collected by the market intelligence department are basically entered in the company's internal database If there is no news in the database, it means that I really didn’t find out.”

"But tonight's good news is really powerful."

Su Yu paused, and continued: "The analysts of these institutions said that it is the 'Nine Articles of the New Country', and they are really right. With this guidance, it is estimated that all parties attach importance to the capital market. It’s time to improve to a higher level, and it mentioned the development proposal of the “private equity industry”. I estimate that some regulatory rules in our industry will be relaxed and relaxed in the near future, lowering the barriers to entry. , bringing in more funds.”

"Overall, this is a shot in the arm for the domestic capital market, which has the power to fundamentally change the fundamental development of the domestic capital market."

Of course, according to the past memories in his mind.

Although he did not expect that the high-level regulatory agencies would release such good news at this time, he clearly remembered the two main directions of 'infrastructure' and 'state-owned enterprise reform', and he also knew that the country's macroeconomic development would be renewed. Start the strategy of "big infrastructure construction" and continue to use the "urbanization construction" to stimulate economic domestic demand.

Therefore, even if there is no such a big positive stimulus, it will not affect the outbreak of the two major macro-lines of 'infrastructure' and 'state-owned enterprise reform'.

It's just that now, with this great benefit, the two major market trends may explode even more violently.

"Really?" Li Meng asked with some doubts.

Su Yu responded with a smile: "No, and it is impossible to find out in advance. After all, this kind of insider information is not something that ordinary organizations can inquire about, and even if they find out, operating based on this kind of information will cause endless troubles."

"That's right!" Li Mengmeng thought for a while and continued, "But looking at the market trend in the past few days, there are signs of accelerated inflow of main funds, and some funds should have smelled some signs."

"It must be so." Su Yu nodded and said, "There is no impenetrable wall in this world."

"If this guidance message can be implemented, the ecology of the domestic capital market will change greatly in the future!" Li Meng sighed, "The last round of bull market was inspired by the reform of shareholding structure after the release of the 'National Nine Articles'. The tide is rising, this time... it is very likely that this is the opportunity!"

"It's okay to be optimistic, but you can't overfill your expectations at once." Su Yu said, "Although the current market sentiment and confidence have been initially established, the capital aspect has not been fully converted, and this kind of programmatic guidance is not enough. Although its impact on the market is far-reaching, it will take a long time to ferment before it can slowly change the ecology of the market and the logic of various fundamentals. In short... it has limited impact on short-term market trends. Expectations are too full, and when there is no strong financial support, most of them will be disappointed.”

Li Meng heard the implication in his words, and asked: "Listen to you, do you think the market may show a trend of running up and falling? There is a high probability that this wave of rebound will not exceed 2500 points?"

"As you said just now, the inflow speed of the main funds in the market these days is obviously abnormal." Su Yu said, "These funds have been deployed in advance, which has increased the market space and directly brought the mood to a high point. Short-term The profit is not small. If the market opens too much higher next Monday under this heavy profit, it will be no wonder that these potential funds are not sold. In addition, after the index crosses 2400 points, they will enter the market where the chips are quite dense. The core pressure zone, so... The potential profit-making and the large number of sell-offs, with the current market capital of 1000 billion, can't bear it at all. That's why I said next week's trend may not necessarily be the same. According to everyone's optimistic expectations."

"Of course……"

Su Yu paused, and then said: "Although there is a high probability that the profit will be exhausted in this position, and the index may be adjusted, the big risk is still controllable, and the upward trend of the market will not change."

"Then according to your expectation, has this position reached our profit target?" Li Meng asked.

Su Yu thought for a while, and said, "That depends on the actual acceptance effect of the market after the market opens next week, and whether there is any other news to promote it?"

"Propelled by other news?" Li Meng grasped the key words and was slightly taken aback.

"Well!" Su Yu nodded, "Didn't you mention it in the 'Nine Articles of the New Country'? Accelerate and increase direct financing, which means that the senior leaders are seriously dissatisfied with the work of the regulators in the direction of IPO. , The problem of 'IPO barrier lake' has accumulated very seriously under the situation of nearly two years of IPO suspension, and now that the opinions are issued, it is estimated that the group of IPO review committees will not be able to sit still."

"You mean that the IPO will be restarted soon?" Li Meng asked slightly surprised.

Su Yu responded: "This is an inevitable thing. Originally, this was a suspension, but it was different from the last time. This time it was about adjusting the scale and system of stock issuance. It didn't mean a complete suspension of IPOs, but the market understood it. Like last time, this has led to a strong short-term rebound in the market and restoration of confidence."

"In order to stir up the market as soon as possible, the regulators complete their tasks."

"There is no explanation for the misunderstanding of the market, and the relevant news is left to ferment."

"That's bad!" Li Meng said nervously, "Currently, the confidence in the market has recovered, and funds from all walks of life have returned to the market. This is the result of relatively abundant funds after the IPO no longer drains the market. Just restarting, the impact on the market trend may not be small."

"There must be a shock, but it shouldn't bring the market back to the state it was at the beginning of the year." Su Yu said, "After all, many smart funds entering the market should have some expectations for this, and if the regulators adjust If the issuance system reduces the issuance scale and the valuation of the issued stocks, it will create some new profit-making effects for the market, thereby forming a demonstration effect for the majority of retail investors to enter the market and make money. "

Li Meng was silent for a while, thought for a while, paid attention to Su Yu's expression, and said with a smile: "Look at you, you seem to be quite optimistic about this?"

"The high-level regulators have stimulated with the 'New Nine Articles', can you not be optimistic?" Su Yu said with a smile, "IPO issuance is originally a part of the market, no matter how everyone resists, this system must be implemented, and besides... …these stocks are back and forth in the market, and there should be some fresh blood. The IPO will be restarted after adjustment. In the short term, it will inevitably be negative. However, if the issuance speed, issuance scale, and issuance valuation are properly controlled, it may not be a bad thing. According to the current market sentiment and confidence that has been fully heated, I believe that the market can digest the restart of the IPO at this time."

"So... you still insist on the long-term trend, and this is the judgment of the starting point of the bull market?" Li Meng continued to ask.

Su Yu nodded slightly, and said: "Inflation has fallen, the economy has recovered, high-level regulators have reshaped the basic system and basic logic of the capital market through the 'New Nine Measures', the curtain of 'Infrastructure' and 'State-owned Enterprise Reform' has been lifted, and the 'Mobile Internet' , The demand for the 'smartphone industry chain' has skyrocketed. Regardless of the macro and micro, the capital and policy aspects have reached the turning point. In addition, the entire market is currently at the bottom of the extreme valuation. In terms of long-term trends, it is not optimistic at this time. How long are you waiting?"

"Okay!" Li Meng replied, "Then we will continue to maintain the current position and look at the market optimistically."

"No!" Su Yu denied with a smile, "If the next market news develops as I expected, then taking advantage of the market's IPO restart to reshape the bargaining chip structure on the floor should be our next best round. Although the two main lines of 'infrastructure' and 'state-owned enterprise reform' are long-term trend lines, the market cannot be achieved overnight. After the expectation hits the extreme, with a large number of short-term profit taking and the selling of historical hold-ups, the market may be in a relative position, lingering for a long time, and finally forming a platform for gathering chips before continuing to break through.”

"And before that, we don't need to stick to this field, we have to make proper rotation adjustments."

"but……"

Su Yu thought for a while, and then said: "At present, we can have extremely strong expectations, and the bargaining chip structure is relatively clean. After the two core main lines of 'infrastructure' and 'state-owned enterprise reform' are suspended for a short time, we can undertake the main funds of this aspect. The plate sector has not yet manifested itself, and we have to wait a little longer."

"Isn't the next sector that you want to take over market rotation a military industry?" Li Meng discussed this issue with Su Yu before, and vaguely remembered Su Yu's judgment at that time, so he couldn't help asking at this moment.

Su Yu nodded and said: "In my expectation, it should be this field, but the current market news and other opportunities that may trigger the market in this field have not appeared, so... we have to continue to wait, Only when certain opportunities arise can I truly judge where the next market will fall.”

"Okay!" Li Meng replied, "Then let's take a step and watch!"

"En!" Su Yu continued to nod, thought for a while, and then said, "Oh, by the way, we can prepare for the application and filing of the next fund."

(End of this chapter)