Chapter 303: Shanghai Composite Index breaks 3,000 points again, stock investors fight for survival
Friday, June 21, 2024.
Jisilu temperature: 4.89, Shanghai Composite Index: broke through 3000 points.
Sure enough, just as we expected, the Shanghai Composite Index broke through 3,000 points.
At this point, the Shanghai Composite Index's increase this year is less than one point.
Many stock investors are afraid in despair.
As usual, let’s brag first and then talk about the market.
1. The Japanese Yen was placed on the exchange rate watch list by the United States. Despite the huge amount of money spent on rescuing the Japanese Yen, it still fell to 159. Switzerland cut interest rates for the second time this year.
There is not much time left for the Americans to reap the rewards from Japan and Europe, so hurry up.
2. Thailand formally applied to join the BRICS, and domestic media reported: "It is committed to building an international payment bridge among BRICS countries."
This is equivalent to officially announcing the digging of US dollars.
That is to say, the emerging international organization BRICS will replace the old and corrupt G7 organization.
Third, the ZJB stated: "Local governments should encourage cities at or above the county level to vigorously, orderly, and effectively acquire existing commercial housing stock for use as affordable housing."
Two months have passed, and the real estate sector, stimulated by huge favorable factors, has risen and fallen.
The real estate ETF fell to 0.444, which is close to the lowest point in April this year.
However, after such ups and downs, stability was achieved in another form through the accumulated huge turnover.
The real estate industry has basically achieved a smooth landing, and the next step is to "break".
In addition, the liquor sector is also doing badly.
The CSI Liquor Index fell all the way to 10,863 points, approaching the level in February this year when the market fell to 2,635 points.
The stock that cannot be mentioned plummeted below 1,500 yuan today. The performance kill in the "three kills" is slowly coming towards us.
A few days ago, we were still looking forward to the Shanghai Composite Index breaking through 3,200 points and embarking on a new wave of market trends.
The reality is that the Shanghai Composite Index started to fall and broke through 3,000 points again.
We still ignore the intensity and impact of financial supply-side reform and the structural adjustment of the stock market.
Today's market:
Today, the Shanghai Composite Index broke through 3,000 points at the opening, fell to 2,991 points, and then began to fluctuate around 3,000 points.
During the trading session, non-ferrous metal stocks were relatively strong.
The stock investors all had green faces.
Old Chen looked at the articles Li Feng had written in the past few days, and then looked at the few stocks he had bought privately. He couldn't help but complain:
"The market has fallen so much. Just look at the Shanghai Composite Index, the daily trading volume, and the daily price limits. Stop exaggerating about the stock market."
"Old Chen, what you said is wrong. I didn't hype the index when it was relatively low, so you want me to hype it when it's relatively high?" Li Feng laughed. "Besides, what I said is not wrong..."
"In the past few months, the stocks that have fallen are either those with poor short-term performance, those with unpredictable long-term performance, or those with negative policies, such as the real estate sector, the liquor sector, the consumer sector, and the ST sector..."
"The market is actually undergoing a round of elimination through the survival of the fittest and a round of value reassessment."
"These days, if you look at the sectors that have performed well, you'll find that they are either high-dividend sectors, or banks with good backgrounds and high dividends, or strong cyclical sectors whose mid-term performance is destined to grow significantly..."
Li Feng talked freely.
After hearing this, Old Chen took another look at the Shanghai Composite Index, only to find that the market had begun to fall again, directly falling to 2990 points.
His heart trembled, and he said worriedly:
"What if the performance increases but the stock price plummets? We in the A-share market are capable of anything."
Li Feng was speechless after hearing what Old Chen said.
After a long while, he said:
"If the market really goes against the grain and takes ugliness for beauty, and earnings soar while the stock price plummets, I can only respect the facts and accept the loss."
"But do you think this situation will occur? And will it last?"
Old Chen looked at the annual K-line of strong cyclical stocks, then looked at the annual K-line of the Shanghai Composite Index, and stopped talking.
Li Feng thought for a moment and continued, "Stock trading is like gambling. Winning or losing is not just a matter of buying and selling, it also involves rules."
"Performance is part of the rules. If the market doesn't even follow these rules, then what criteria are you supposed to follow when you're gambling?"
"Do we really have to fight those 'main forces' with nothing? Do we really have to rely on simple guesses and simple gambles?"
Li Feng's words made Lao Chen fall into deep thought.
In the VIP room, all you could hear were the shouts of a bunch of veteran investors: "Hahaha, it's broken 3,000 points again! This market is worse than a dog's!"
"Sure enough, I'd rather buy US stocks than A-shares, because one always goes up and the other always goes down."
“It collapsed, everything collapsed, even the convertible bond market collapsed!”
Shareholders exchange:
1. "Mengyouruxin": Many stocks are lower than 2600.
Yes, it is another round of decline, another round of refining true gold in the fire.
As we have said, every crash is a rebirth, and a new round of market will emerge.
Only by killing thoroughly enough can we force funds to embrace high-quality targets.
Let's wait and see.
2. "Ji Liangchuan": What will be the impact if the United States simply stops buying our products?
It has already happened, and it’s called “decoupling”.
The resulting impact is the battle between hypoglycemia and hypertension.
Our response is to continue to implement the policy prepared several years ago, the domestic large-scale circulation, cooperate with the southern countries, the Belt and Road Initiative's foreign large-scale circulation, and develop the markets of third world countries.
This is a protracted battle and is also one of the major backgrounds of the current world economy.
A few words:
The market is boring and uninteresting. I have said what I should have said last year and many times in February this year. There is nothing more to say. Go long or short as you like, and stay or leave as fate dictates.
These days, communicating with fellow stockholders has been very beneficial.
A few days ago, a stock investor asked Mr. Lu how he was doing.
At that time, I had not followed Mr. Lu and could not give any comment.
These days, I don’t know if it’s the TikTok algorithm, but it started recommending Mr. Lu’s speeches to me.
It’s really a pity that we met too late.
Many of the viewpoints opened my eyes.
Many of my previously vague ideas became clear in an instant after Mr. Lu’s guidance, and he is worthy of being a master.
If investors want to make a difference in the stock market, they must listen to and understand Mr. Lu’s speech.
Because the biggest dealer is blowing the wind.
Of course, if you disagree, just laugh it off.
Here, I solemnly recommend Teacher Wen’s entire set of books.
A hundred years of life pass by in a hurry.
Some people are hypocritical and only care about personal gains, while others have a global vision. When they are poor, they only care about themselves, and when they are rich, they help the world.
History will give an objective evaluation of right and wrong, just like the bulls and bears in the stock market.
No intention to provoke a fight, let's discuss this calmly.
Fellow stockholders who have free time, please click to urge for updates and send a message for love if you support me.
I don't support it, but I don't force it. I guess the market is not good and I'm not in the mood to look at it.
Currently, I have been listed as a key audit target...
Every time I post an article, it has to be reviewed. I will no longer talk about sensitive topics. It is useless to talk too much. When I have time, I will just talk more about the romance in the stock market.
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