The phenomenon of opening on the first day after the holiday, an old topic, some people will ask, some people will think, some people will**, in fact, there is nothing special, nothing more than four words: rush up and down!
I believe that there is nothing more accurate than these four words to express the emotions of Big A.
Rushing high is a kind of life attitude, just like at the beginning of the new year, who is not full of confidence, determined to do a career, and move forward at full speed!
However, the fall is the helplessness of reality, short-term enthusiasm and enterprising, without stable backing support, after all, it is difficult to last, and the fall has become inevitable!
In this market, what kind of strength does A-shares need, and in layman's terms, what kind of benefits are needed to make it flourish all the way and soar...
It's like a pair of lovers, one party hurts the other party for too long and too deeply, which can not only be coaxed by a gift or a surprise.
The same is true for big A, who has no bottom line for many years, has changed the law to cut leeks, and basically lost confidence in the market, and it is not just relying on one or two good things to find something, the damage is too deep, and it needs to be appeased and improved for a long time.
Returning to value investment, this is the original intention, obviously we have long forgotten, we have not kept the mission in mind at all, how can we die well?
* At the beginning of the issuance, it aims to solve the capital needs of good enterprises and manufacturing industries, and to go public and lend financing. People invest, enterprise development, second dividends after profits, return to investors, both benefit at the same time!
Such a perfect design concept! In the end, it was used by the best capital and speculated, and completely turned the whole market into a money-making machine for some people.
Some companies, after listing, have not made their own products for a day, have been reselling acquisition financing, and finally rely on gorgeous financial statements to blind investors and implement bottomless harvesting, which can be punished!
On the contrary, the manufacturing industry, which really needs capital and has good development prospects, has never been able to pry open the door to the listing because of its gorgeous performance, and has not been able to get the golden key, and finally starved to death in the cradle.
The original intention of implementing the registration system is good, to lower the threshold for entering the market, to solve this dilemma, so that all enterprises can enter the game fairly and obtain funds, but there are two great problems here, and they are also the reason for further implementation of the registration system.
First, the comprehensive registration system should provide a fair listing and financing environment for all excellent enterprises, rather than providing opportunities for all enterprises, because all of them include garbage.
The funds in this market are limited, and the people only have this money in their pockets, and they have been harvested repeatedly for so many years, so it is impossible to invest when they see listed companies, and a small amount of funds cannot be concentrated in their advantages, and they cannot play a role at all. New shares are issued arbitrarily, and funds cannot be effectively concentrated, how can the stock price be pushed?
Second, the comprehensive registration system lacks the control of excellent enterprises, who is the excellent person? Who really needs the money to develop? Who's going to take care of it? This is a critical set of questions.
It is impossible to put mules and horses in together, and when you really want to use them, you find out that there is a pile of waste wood, and you will lose money at every turn.
No rules are not a circle, our ** has experienced decades of ups and downs, seemingly twists and turns, but has never acted according to the rules, not sound the system, not according to the routine of the card, the big A can only be forever "high and fall"!