Saturday, November 22, 2008

Big shock to bring big rebound Pan Sheng is the main tone

Market shocks frequent Straddle fierce fight, one after another hot spot, the Shanghai and Shenzhen stock markets this week, this is the most significant features. Reporters visiting the securities business department, many investors said the market turbulence on the loose ends.

Analysts warned that the current point, investors should not blindly pessimistic, every day hundreds of billions more than the volume shows the activation of the popular market, the market shortly after the main shock is the keynote of Pan Sheng, the active participation of the bargain is involved in major operations Strategy.

To bring great big rebound

It was of the view that the current round of the nature of the rebound is a rebound fallen too far, even bounce that has come to an end. The majority of analysts have pointed out that this view ignores the strength of the policy - a policy decision to this level is a big rebound. It should be noted that in a short period, a total of more than 70% of the rate of decline and the continued introduction of good policies, investors are looking forward to stage a rebound.

Domestic and foreign investors must grasp the overall macroeconomic situation: the outbreak of the second loan crisis, global economic crisis triggered States to rescue the market; domestic GDP growth rate fell below the 10% in the third quarter, a rate cut two months after China's entry into the cycle of interest rate cuts, the macro - Regulation to "increase security efforts."

Domestically, the policy is expected to make a change in the market before the fall trend of unilateralism. Loose monetary policy, security policy of economic growth, the stock market's positive policy "to the three" fundamental to the stock market back to fundamentals. Intermediate fundamentals laid a foundation for the rebound; Internationally, the U.S. Dow fell below 8,000 points, hitting 5-year low, domestic investors have a great psychological deterrent, but the A-share market trend is still strong, independent out of the market .

This view is based on three reasons: First, the decline different. A pre-largest stock has fallen by 72% decline so far, there were still over 66%. The United States and Europe since the stock market did not fall into 6; Second, the city put out a different way. Chinese economy to rescue in order to save the stock market. Ten of the State Council introduced measures to invest 4 trillion economic stimulus program, the national capital grow enthusiasm. Third, the different economic growth. China is the growth of security, "Pat Paul," The bottom line is that the job security of 8% growth. The United States and Europe next year is likely to negative growth. So, A-share market "does not seek to outshine others, but to be an exception," it is absolutely possible. KPMG International published a four-week survey, the "Mainland China remains the world's best investment" is the best footnote.

Big shock brought about by large Beixi

During the interview, Mr. He told reporters that investors, in Friday morning, he is almost the lowest point Shadie out, did not expect the A shares closed at noon for an hour and a half, Hong Kong stocks soared thousands of ultra-Point; Japan's Nikkei index soared; At the same time, as the market expected the Bank of China will substantially cut the weekend, A shares and must fight back, the index has returned a strong state. Mr. He suffered heavy losses, and some of the bold dare to investors when market hunters, Beixi really two different worlds. In response, many research institutions to remind the big shocks brought about great opportunities, but also great risks.

Most of that research institutions, the market continued to run strong features quite clear that this stage of promoting a more favorable price. This week's strong shocks, on the one hand can be seen on the 60-day average stock price close to the ready; on the other hand, is conducive to plate, the round of stock speculation.

In early November in 1700 at the beginning of the rebound in prices is mainly dependent on the State Department to stimulate the economy, "the 10" out from infrastructure construction to increase efforts to trigger a sharp rise in shares of cement fallen too far, the resumption of Forestry disaster support to the forestry sector Continuous trading, as well as the injection of power grids and the aviation industry caused by plate-related stocks overall limit; from 3G, plates and oil 6 large measure of the State Council Thursday urged the textile industry out of the woods once again lead to the textile section 11 stock trading, the Shanghai and Shenzhen and promote the development of the two The city of 68 stocks continue to bump up letters; midday Friday and then to China Life [20.69 2.22%], Wanke, and other leading shares was launched to counter Jedi, all revealed in the current round of a major market an important feature - in the short-term market average of 30 The strong shocks, the stock market ushered in the golden stage of the round of speculation.

Pan Sheng is the keynote of the main shock

A stock market shortly after the evolution of how? This is the greatest concern to many investors. Integrated and industry analysts, in a short period, the rebound is not over, the positive effects have yet to be released, Pan Sheng shock is the main tone.

Changjiang Securities [11.09 -3.31%] analysts believe that the huge investment is bound to change in order to adjust the economic structure of China's economy in the world economy. From the history of other countries, the crisis in the past, large enterprises have been eroded over time, the company is starting a new era of prosperity. As a result, the rebound in the far-reaching implications and the back of the layout of the investment is worth attention. They said that from the industrial capital and financial capital of the Game point of view, now is the financial capital, industrial capital hunters a good time.

Guotai Junan Securities Research Strategy Group's view is that, despite the known effects of next year, but pessimistic about the economy and the market is expected to gradually begun to reverse. Save the market economic error correction of the level, than to simply put out a rebound in the stock market. If you meet the monetary policy, by the end of this year's Shanghai Composite Index can be seen at 2500.

Taking into account the stock market's positive policy toward improved liquidity, institutional innovation, acts of industrial capital and other factors, Societe Generale Securities believe that the A-share market in 2009 will be an opportunity for pessimism and doubt in recurring. Although the economic recovery will take time, however, the stock market may be ahead of time to reflect economic trends. As the leading index of economic indicators, which are often higher than the real economy to bottom. So the bad data are often accompanied by good performance of the stock. In 1975, 1991, a significant recession in the U.S. economy, while the Dow Jones industrial average that year was still 38%, 20% of the proceeds. In an economic downturn or even recession, the stock market and interest rate policy, the liquidity-related.

Overall, the annual Central Economic Work Conference held soon. In the face of great economic situation in November as the central economic policy force, one aspect of the link, launched ahead of schedule. Analysts generally forecast, we have the situation clear, pro-active fiscal policy and moderate monetary policy, should be the central economic work conference of the main tone. This corresponds to, Pan Sheng shocks should be short-term A-share market in the main tone.

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