Rebirth of the investment era

"The Shanghai Composite Index has been rising for seven consecutive years. It broke through from around 2150 points to around 2385 points in one go. It spanned a range of more than 200 points and directly rose by 10%. It just exploded. I feel... the bull market is really coming. After all, the last time The Shanghai Composite Index’s seven consecutive positive trends with such a long span can be traced back to the bull market in 2007.”

After the Shanghai Composite Index recorded seven consecutive positive trends and a single-week increase of 6.89%, some investors expressed very excited emotions amid the explosive bullish sentiment in the market.

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

"It's not the entire market, right? Sectors such as "military industry, non-ferrous metals, coal, banking, securities, and insurance" still haven't risen much, seriously lagging behind the index. This round of market rebound... mainly relies on "infrastructure", Driven by the two core main lines of "state-owned enterprise reform", other sectors have not actually shown an overly strong trend. It feels that the market is still in a differentiated rebound trend and has not yet formed a bull market pattern. "

"Why are sectors like "military industry, non-ferrous metals, coal, and finance" soaring? "

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

"However, there has been no movement in the securities sector, which shows that the market's expectations for a "bull market" are not consistent. "

"Yes, securities are the leading sector of the bull market. If securities don't move, it can't be said to be a bull market, right?"

"The statement of bull market remains doubtful for now, but the trend of this round of market is really beautiful. The volume, energy and K-line trend are both perfect."

"That's true. The market's daily turnover is now basically stable above the 100 billion mark."

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

"However, the two core main lines of "infrastructure" and "state-owned enterprise reform" have rebounded to a considerable height since they were launched before the holiday. If we continue to rely on these two main lines to overcome barriers, I am afraid the pressure will be great! "

"Where is this? The two core themes of "infrastructure" and "state-owned enterprise reform", as well as the related concept sector index and industry sector index, have increased by 10% to 15% higher than the Shanghai Stock Index since they started from the bottom. , the growth rate of related core popular stocks, starting from the bottom, has mostly been around 35% to 45% so far. The only stock that has truly doubled its growth is Beixin Road and Bridge. I feel that the market is far from there. When it's over. "

"From the K-line chart 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 begun to break through. 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 main areas of "infrastructure" and "state-owned enterprise reform", the main funds are still flowing in significantly. This should show that the major financial institutions of all parties are still increasing on a large scale in this position range. Since big funds are still increasing their positions, there is no risk, let alone the end of the market. "

"Indeed, looking at the market performance, it is obvious that main funds are still flowing into sectors related to "infrastructure" and "state-owned enterprise reform", as well as core stocks. "

"I feel that with such a large-scale involvement of major funds from all parties, even if the market rebounds rather than reverses, the two core mainline-related popular stocks of "infrastructure" and "state-owned enterprise reform" should generally double in price, right? "

"Compared with the main market trends such as the "Shanghai Free Trade Zone", "Mobile Internet", and "Smartphone Industry Chain" that were hyped last year, the market prices will definitely double. "

"With such deep involvement of main funds, it is at least doubling the price of popular stocks on the main market, right?"

"If we calculate based on the general doubling of the growth rate of core popular stocks, the popular stocks related to the two main lines of "infrastructure" and "state-owned enterprise reform" will still have an increase of at least 20% to 30%, and the current Shanghai Index is far away from the bullish level of 2,500 points. At the bear line mark, there is only a range of about 100 points. I feel that..."infrastructure" and "state-owned enterprise reform"

The two core main market trends can definitely bring the index to 2,500 points. "

"In fact, whether it is a rebound or a reversal, there is no need to predict it at all."

"Yes, just follow the trend and buy in the direction where the main funds are gathering and flowing in. There are so many predictions, they are all false!"

"In fact, to determine how far the two core market trends of "infrastructure" and "state-owned enterprise reform" can go, just focus on Mr. Su's two seats on the Dragon and Tiger list and the trend of Beixin Road and Bridge, the leading conceptual stock in the two cities. The so-called "Spring River Plumbing Duck Prophet", Mr. Su is an important main force affecting the two core market trends of "infrastructure" and "state-owned enterprise reform". His judgment on market conditions is definitely more accurate than ours. Similarly, various parties As the most active main funds in the market, the hot money bosses who are speculating have the most sensitive sense of smell. If all the main hot money players and Mr. Su are retreating on the dragon and tiger list, then I guess the market situation will be about the same. "

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

"Mr. Su is betting tens of billions of dollars on the two main market trends of "infrastructure" and "state-owned enterprise reform." If he withdraws on a large scale, it will be difficult to escape the data disclosed by the Dragon and Tiger List, right? "

"That's for sure. According to the calculation of Mr. Su's chips during Beixin Road and Bridge's first three daily limit stages, Mr. Su currently has at least 100 million chips in Beixin Road and Bridge's stock. Such a size of chips will be sold off on a large scale. There is definitely a lot of movement on the Beixin Road Bridge deck, which is easy to observe."

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

"Judging from the current market situation, Beixin Road and Bridge has already exceeded the daily limit for 6 consecutive times. Counting the 3 daily limit in the first stage, there are a total of 9 daily limit. With such a high level of speculation, I'm afraid there won't be a lot of room, right?"

"Who knows, the dragon's head never speaks up!"

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

"As long as hot money continues to relay, based on the current market sentiment, I feel that it may rise another five or six boards. After all, in the early stages of market development, a benchmark leader is needed to completely open up the market to make money, condense market sentiment, and attract the market. Many novice investors outside the country have entered the market.”

"Hey, Mr. Su is really the first person in history to create a market monster stock. This wave of people who caught the Beixin Road and Bridge stock are really making a lot of money."

"Beixin Road and Bridge has reached the height it is today. Everything is the result of the joint efforts of various funds in the market to speculate. This check changes hands every day. Almost every board changes hands. With this trend, even if someone follows the trend and buys at the bottom Even if you get in, it will be difficult to get what you have now, right?"

"The day after Mr. Su got involved in the Beixin Road and Bridge stock, I followed the trend and bought it. Unfortunately, I only got two shares and was washed out. Now... I really don't dare to pursue it anymore."

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

"I still hold the chips, and I have almost doubled my profit. But when I first intervened, I intervened with a small position. Even if I doubled my profit, the total profit is not much."

"Let's look at today's Beixin Road and Bridge's Dragon and Tiger List data. If Mr. Su continues to lock up positions, I'm going to start trading Beixin Road and Bridge's stock next Monday. Damn it...this rebound mistakenly followed Hongdu Airlines. Not only did I make no profit on this check, I also lost a lot. This time... I will die on the dragon's head."

"I guess Mr. Su will continue to lock up his positions!"

""Internet Finance", "Smartphone Industry Chain", "Mobile Internet" and other main lines, as well as the main line sectors such as "Liquor Beverages" and "White Home Appliances" in the consumer field, have rebounded for two days in a row, and today there is a slight rebound. The successors are weak, hey... As expected, to follow the trend, you still have to follow the strongest main line! "

"Indeed, currently there are only two core main lines of "infrastructure" and "state-owned enterprise reform", which seem to be completely reversing the trend. In other main line areas, the main funds are obviously hesitant in attacking. "

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

"Even within the two core main areas of "infrastructure" and "state-owned enterprise reform," the market conditions are relatively differentiated. "

"Yes, overall, in the field of "infrastructure\

,"Real estate is also the strongest, while upstream supply chains such as steel and cement are weaker. Of course, in recent days, high-speed rail and transportation have also felt like catching up from behind. "

After the market closed, many retail investors in the entire market were having heated discussions...

At 5:30 pm, 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 lock up invisibly, and other hot money and institutions They are attacking everywhere, and the capital transactions disclosed in the entire Dragon and Tiger List still show a net inflow.

Faced with such data, the enthusiasm of market investors continues to rise.

Suddenly, whether it was the gathering place for retail investors on the Internet stock trading forum, the institutional comment area of ​​various financial media, or the internal discussion groups of asset management institutions, as well as some internal discussion groups where hot money gathered, they were all filled with bullish remarks. , and even the voice of "bull market" has become loud again.

Then, in this high mood.

In the evening, a piece of good news from the regulatory level also began to bombard the market rapidly.

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

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 a 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; improving The competitiveness of the securities and futures service industry; expanding the opening of the capital market; preventing and resolving financial risks; and creating a good development environment for the capital market.

As soon as this "Opinion" came out, it detonated the entire domestic financial market in the evening.

Analysts from countless securities firms and asset management institutions have published in-depth interpretations one after another; financial media have also given maximum coverage to them; financial influencers from all walks of life are even more excited, saying that this is comparable to a startup. The "New Country Nine Articles" of the bull market from 2005 to 2007.

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

At this moment, the excitement is even higher. The thoughts in everyone's mind have all reached their limit.

"Holy shit, shit, this is really a huge benefit! No wonder the market has been so strong recently, it turns out that it is supported by such a huge benefit."

"Did you see that? They are all opinions to encourage the development of the capital market, and they are issued from the highest level in red-headed documents!"

"I'm moved, I'm moved! This time... the bull market is really here!"

"This proves that the regulatory authorities are really supporting the development of the domestic capital market to the maximum extent. I can feel that this is definitely as good as the "National Nine Articles" ten years ago. "

"No wonder the main line of "state-owned enterprise reform" is so strong. The key words of "actively developing a mixed-ownership economy" are directly mentioned in the opinion. "

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

"No wonder the index has experienced seven consecutive positive days, and no wonder big funds have been going crazy recently to increase their positions and go long."

"Oh my God! With such good news, it feels like next Monday, the Shanghai Stock Index will go straight to 2,500 points. Hey... If I had known, I would have filled up my position today."

"I'm speechless. This kind of bad news...is so empty!"

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

"The good thing about the explosion is that in this wave, the market will definitely reverse, not rebound. I am optimistic that the Shanghai Stock Exchange Index will reach 3,000 points this year, and the bull market will return!"

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

"The guidance of the programmatic document after ten years is really a huge benefit. Mr. Su's market sense... 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!"

"I can only describe it with one sentence: I feel like the bull market is really coming."

"Stop talking, raise money

Go ahead and raise money. I will buy it without thinking next week. If there is a bull market, the macroeconomic main line of "state-owned enterprise reform" will most likely run through the entire bull market. "

"We are optimistic that the Shanghai Stock Exchange Index will break through the 2,500-point barrier next week."

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

"Winter has passed and spring has arrived!"

"Buy, buy, buy. When the market opens next week, regardless of whether the stock price is high or low, we will immediately fill up our positions and rush to raise funds."

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

At this moment, Li Meng looked at the favorable interpretations of the "Nine Articles of the New Country" by various institutional analysts and financial media on the Internet, and couldn't help but look back with some doubts at the person sitting next to her, who was chewing an apple out of boredom and looking at Su Yu from the TV station asked: "Su Yu, did you know this news in advance?"

"How is that possible?" Su Yu responded, "This is a top-secret red-headed document instruction. How can I snoop on these policy information? Besides, all kinds of market information collected by the market intelligence department are basically entered into the company's internal database. It’s in, if there’s any information that’s not in the database, that’s because I really didn’t find out about it.”

"But the good news tonight is really strong."

Su Yu paused and continued: "These institutional analysts are right when they say it is the "Nine Articles of the New Country". With this guidance, all parties will probably pay more attention to the capital market." It’s time to move up a level, and there are suggestions for the development of the “private equity industry” mentioned in it. I estimate that some of the regulatory rules in our industry will be relaxed and relaxed in the near future, lowering the entry threshold. , bringing in more funds. "

"Generally speaking, this is a shot in the arm for the domestic capital market and has the power to fundamentally change the basic development of the domestic capital market."

Of course, based on the past memories in his mind.

Although he did not expect that 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 would resume its macroeconomic development. Launch the "big infrastructure" strategy and continue to use "urbanization construction" to boost domestic economic demand.

Therefore, even without this major positive stimulus, it will not affect the market explosion of the two major macro themes of "infrastructure" and "state-owned enterprise reform".

But now, with this major benefit, these two main market trends may explode even more violently.

"Really?" Li Meng asked doubtfully.

Su Yu responded with a smile: "It's really not possible and it is impossible to find out in advance. After all, this kind of inside information is not something that ordinary organizations can find out. And even if you find out, operating based on this kind of information will cause endless troubles."

"That's right!" Li Mengmeng thought for a moment and continued, "But looking at the market trends in the past few days, there are signs of accelerating inflows of main funds. Some funds should have smelled some signs."

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

"If this guidance message can be implemented, the domestic capital market ecology should change drastically in the future!" Li Meng lamented, "The last round of bull market was stimulated by the share-trading reform after the issuance of the "National Nine Articles" The tide is rising, this time... it is very possible that this is the opportunity! "

"It's okay to be optimistic, but you can't overestimate your expectations at once." Su Yu said, "Although the current market sentiment and confidence have been initially established, the financial situation has not been completely converted, and this kind of programmatic guidance, Although its impact on the market is far-reaching, it will take a long time to ferment before it can slowly change the market ecology and various fundamental logics. In short...it has a limited impact on short-term market trends. At this time, If your expectations are too high, you will probably be disappointed if there is no strong financial support.”

Li Meng heard the implication of his words and asked: "Listening to what you mean, do you think the market may run out of good news and fall back? Is there a high probability that this rebound will not exceed 2,500 points?"

"As you just said, the main funds in the market have been inflowing in the past few days.

The speed is obviously abnormal. " Su Yu said, "These funds, deployed in advance, have increased the market space and brought emotions directly to a high point. The short-term profits are not small. If the market opens too high next Monday under this major benefit, then It would be strange not to sell these latent funds. In addition, after the index crosses 2400 points, it enters the core pressure area where the hold-up chips are quite dense. In this way... the latent profit-taking plus the large number of sell-off hold-ups, in order to The market’s current capital volume of 100 billion cannot be sustained at all, so I say that next week’s trend may not necessarily go according to everyone’s optimistic expectations.”

"Of course……"

Su Yu paused, and then said: "Although there is a high probability that the benefits will be exhausted at this position, and the index may be adjusted, the big risks are still controllable, and the market's upward trend will not change."

"So according to your expectations, has this position reached our profit-taking target?" Li Meng asked.

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

"Other news push?" Li Meng grasped the key words and was slightly stunned.

"Yeah!" Su Yu nodded, "Isn't it mentioned in the "Nine Articles of the New Country"? Accelerating and increasing direct financing means that senior leaders are seriously dissatisfied with the work of regulators in the direction of IPO. The problem of "IPO barrier lake" has accumulated under the nearly two-year moratorium on IPOs. It's very serious. Now that the opinions are issued, it is estimated that the group of people on the Distribution Review Committee will not be able to sit still. "

"You mean the IPO will be restarted soon?" Li Meng slightly said in surprise.

Su Yu responded: "This is inevitable. Originally this was a suspension, but it is different from the last time. This time it is about adjusting the scale and system of stock issuance. It does not say a complete suspension of IPOs. It is just that the market understands that Just like last time, this resulted in a strong short-term rebound in the market and restoration of confidence."

"And the regulators want to heat up the market as quickly as possible and complete their tasks."

"There was no explanation given for the market's misunderstanding, and the relevant news was allowed to ferment."

"That's bad!" Li Meng said nervously, "The current confidence in the market is restored, and funds from all walks of life are returning to the market. This is caused by the relative abundance of funds after the IPO no longer pumps blood on the market. If the IPO is so fast, If we restart, the impact on the market will probably not be small."

"There will definitely be an impact, but it won'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 stocks issued, it will create some new money-making effects for the market, thereby forming a demonstration effect for the majority of retail investors to make money by entering the market. That is not necessarily a pure negative. Let’s see how the regulators respond! "

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

"High-level regulatory agencies have used the "Nine New Articles" to stimulate the market. Can we not be optimistic? Su Yu said with a smile, "IPO issuance is a part of the market. No matter how much everyone resists, this system must be implemented. Moreover...the market is going back and forth with these stocks, so there should be some fresh blood. After the IPO adjustment, Restarting, in the short term, is bound to be a bad thing, but if the issuance speed, issuance scale, and issuance valuation are properly controlled, it may not be a bad thing. The so-called bad news may become a good thing. According to the current situation, it has been fully hyped. Based on the market sentiment and confidence, I believe the market can digest the resumption of IPOs at this time."

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

Su Yu nodded slightly and said: "Inflation has fallen and the economy has recovered. High-level regulatory agencies have reshaped the basic system and basic logic of the capital market through the "Nine Articles of the New Country". The curtain of "infrastructure" and "state-owned enterprise reform" has begun, and "mobile Internet" , "Smartphone industry chain" demand has surged, both macro and micro, financial and policy aspects have reached an inflection point, coupled with the current situation that the entire market is at the bottom of extreme valuations, the long-term trend is not optimistic at this time

, how long will you stay? "

"Okay!" Li Meng responded, "Then we will continue to maintain our current positions and be optimistic about the market."

"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 chip structure on the market should be our best next round. There is an opportunity to adjust positions. Although the two main lines of "infrastructure" and "state-owned enterprise reform" are long-term trend lines, the market cannot change overnight. When these two main lines complete the first phase of the task of exciting the market, the short-term trend will be After expectations reach the extreme, with a large number of short-term profit taking and the selling of historical hold-up orders, the market will probably stay at a relative position, hovering and consolidating for a long time, and finally form a gathering chip platform before it can continue to break through upward. "

"Before that, we don't have to stick to this one area. We must make appropriate rotation adjustments."

"but……"

Su Yu thought for a moment and then said: "At present, we can have extremely strong expectations and the chip structure is relatively clean. After the two core main lines of "infrastructure" and "state-owned enterprise reform" have briefly stopped, we can take on the main funds in this area." In the sector area, it has not yet manifested itself clearly, so we have to wait a little longer. "

"Isn't your next favorite sector that can take over the market rotation the military industry?" Li Meng had discussed this issue with Su Yu before, vaguely remembering Su Yu's judgment at the time, and couldn't help but ask at this moment.

Su Yu nodded and said: "In my expectation, it should be in 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 responded, "Then let's take one step and watch!"

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

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