The A** field is still challenging 2900 points downward, showing the uncertainty and risk of the market. After falling below 3,000 points, A-shares still did not stabilize and continued to look for a bottom. Judging from the price-earnings ratio, A-shares are already very cheap, why do they continue to be **?
According to the data in October this year, the scale of public offerings reached 27 trillion. However, a large part of them want to cut their flesh and leave the market, and this emotional atmosphere makes it difficult for the A-share index. Whether it is ** or **, the people are determined to redeem it, and they are willing to admit compensation even if the loss is big.
This is mainly due to the poor performance of the top 10 active** over the past two years, with an average decline of nearly 40%. At the peak of these 10 **, the scale exceeded at least 500 billion, which is equivalent to a loss of more than 200 billion for the people, and the situation is indeed very bad.
In 2020-2021, ordinary people will be fooled by various financial management tricks to buy **, you don't manage money, and money doesn't care about you" The concept is deeply rooted in the hearts of the people. These funds are very active funds in the market, belonging to the post-90s and middle class, which could have created more social wealth and economic vitality through the multiplier effect.
When will this wave of redemption end?The end of the year is the peak period for redemptions. When will it appear. What about the inflection point?There are probably three steps: first, the redemption tide cools down and the redemption scale decreases. Secondly, the over-the-counter funds enter the market, exceeding the scale of the redeemed funds;Finally, the market **, the net value stabilized, and the people no longer had net redemptions.
Overall, the double dip is not over yet, and we still need to continue to wait!However, for A-shares, only when the people are too lazy to sell, will the real "market bottom" come!Once the sell-off is over, there will be no shorts and it will be very strong. Therefore, investors should remain calm and wait patiently for the market to pick up.