Chapter 58 The Bull Market Suddenly Came
The arrival of a bull market is always so unexpected.
On November 22, 2014, the central bank lowered the one-year loan rate by 0.4 percentage points and the deposit rate by 0.25 percentage points. This was the first interest rate cut since the one in July 2012, and the magnitude of the cut was beyond everyone's expectations.
The era of comprehensive market liquidity has officially arrived!
The big funds that realized the situation later rushed in.
The Shanghai Composite Index opened higher on November 24, directly breaking through 2500 points and closing at 2532.88 points.
Before investors could recover from the shock, the Shanghai Composite Index had four consecutive positive lines.
On November 26, it officially broke through 2600 points and closed at 2604 points.
Investors looked at the points that they hadn't seen for several years, feeling dazed, excited, and hesitant. In the forum, many people continued to be bearish.
However, the bull market will not wait for anyone.
Before most investors entered the market, the Shanghai Composite Index adjusted slightly for two days and then pulled five consecutive positive lines, first breaking 2700 points, then breaking 2800 points, and finally breaking 2900 points and 3000 points in one breath!
On December 8, the Shanghai Composite Index closed at 3020 points after 44 months!
At its peak, the Shanghai Composite Index's trading volume reached over 600 billion yuan! This was ten times the volume six months prior!
Looking at the surging and endless trading volume, both new and old investors realized that the bull market has really arrived.
Among the sectors, the banking and insurance sectors took the lead, with Bank of China, Bank of Ningbo and Bank of Nanjing hitting their daily limit in turn.
The securities sector even caught up and saw a collective surge in limit-up prices. On December 4th, December 5th, and December 8th, for three consecutive days, all stocks in the entire securities sector hit the limit-up! Without exception!
Including large-cap stock CITIC Securities.
Looking at this huge surge in daily limit prices, Lin Menghan and Zhao Xinyue were dumbfounded.
"This... this is too exaggerated. The entire securities sector has hit the daily limit, and it has been hitting the daily limit for three consecutive days..." Zhao Xinyue widened her eyes in disbelief.
Lin Menghan also murmured to herself: "Money...this is all money...this is too much..."
Li Feng looked at the red-lit sector and the crowds of people in the Changzheng Securities business hall next door, and did not speak for a long time.
The bull market is finally here.
He had been waiting for this day for two years.
The bull market is so unreasonable.
Once it starts rising, it won’t stop. It will continue to rise. Don’t be afraid that it won’t rise, just be afraid that you don’t dare to think about it.
In a bull market, everything will rise, some at a faster pace than others.
Li Feng opened the trading software and saw that the Bank of China had risen from more than one yuan to more than two yuan, and the Bank of China convertible bonds had also soared from the bottom of 102 yuan to around 130 yuan.
"Sell it or not?"
Zhao Xinyue's cheeks flushed with excitement, and her voice trembled a little.
With 10x leverage and a price of 130 yuan, a rough calculation shows a profit of 300%, or 1.5 million yuan!
I never dared to imagine earning so much money before. If I worked, I probably would never be able to earn so much money in my entire life.
Li Feng shook his head and pointed out the window at the Changzheng Securities sales hall. He said, "Xinyue, don't worry. This is only the middle stage of the bull market. It's the most wonderful moment. Countless people are pouring in to help us."
"We should be patient, hold on, hold on again, and endure, endure again."
"I've waited for this day for over two years. What's wrong with taking a little longer?"
"Just wait like this?" Zhao Xinyue felt anxious.
She looked out the window and saw a crowd of people, as if they were scrambling for something in short supply. She really wanted to grab some too.
Li Feng thought for a moment and said, "Remember what I told you about the food market? At least, we have to wait until after New Year's Day... Sometimes, especially in a bull market, waiting can make you big money, rather than running around chasing hot spots..."
"Not to mention, the hot stocks right now are bank stocks, brokerage stocks, and insurance stocks..."
Zhao Xinyue swallowed and suppressed the desire in her heart.
Lin Menghan glanced at the Kweichow Moutai and China Merchants Bank stocks in her account, frowned, and asked, "What about these two stocks? Aren't they rising a little too slowly?"
Li Feng called up the K-line charts of the two stocks and looked at them one by one. He saw that China Merchants Bank had risen from more than 7 yuan to around 10 yuan, and Kweichow Moutai had also slowly risen to more than 130 yuan.
The two stocks have only risen by about 50% from the bottom, which is really incomparable to the securities and other sectors that are currently in the limelight and often double or even multiply their prices.
No wonder Lin Menghan couldn't hold on any longer.
Li Feng pondered for a moment and said, "Keep holding it."
"A typical feature of a bull market is sector rotation. Securities, banks, insurance, nonferrous metals, brewing, and other sectors will all rise, eventually filling all the value gaps."
"Remember, slow is fast. What's yours can't run away."
Li Feng looked out the window and seemed to see a Milky Way falling from the sky and rushing into the stock market, floating up all the stocks and making them rise higher and higher.
Just like the big bull market between 2005 and 2007.
In a bull market, time always passes so quickly.
In a blink of an eye, a month has passed.
After a slight adjustment, Bank of China continued to rise with several large bullish candlesticks, reaching around 2.7 yuan! Bank of China convertible bonds even reached a sky-high price of 150 yuan!
This price was unimaginable half a year ago.
The Shanghai Composite Index seemed to have reached a tacit understanding, fluctuating around 3,000 points.
Li Feng pondered for a while, then clicked his finger and sold all the Bank of China convertible bonds. In an instant, 7.27 million yuan was credited to his account. After deducting the financing, the principal had soared to 2.6 million yuan!
"Feng, is this true? Not a dream?!" Zhao Xinyue looked at the funds lying in the account, rubbed her eyes, and couldn't believe it.
In just over half a year, the amount increased from more than 500,000 yuan to 2.6 million yuan, a four-fold increase!
This is simply something that only appears in legends and dreams.
Li Feng sighed, "Xinyue, this is not a dream. Remember, this is a bull market. Everything will happen in a bull market. There is nothing you can't do in a bull market, except what you can't imagine."
"Don't even mention quadruple. Even eight, ten, or twenty times—as long as the strategy is right, it can be achieved in a bull market..."
"As many people say, in a bull market, anyone who stretches their back can find money."
Zhao Xinyue looked at the balance in Li Feng's account, feeling excited and excited. She thought to herself, "Li Feng has quadrupled his capital now, which is several million yuan. If he can seize a few more opportunities like this, won't he be able to turn his capital into tens of millions, or even hundreds of millions?!"
Thinking of this, her breathing couldn't help but stagnate.
Looking at Li Feng, he looked a little unfamiliar—"My boyfriend is actually a millionaire, or even a multi-millionaire?!"
————
Recalling the past and thinking about the present, how similar they are.
I have smelled the bull market and am ready for it.
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