Although it was not as strong as expected, it was still off to a good start.
In just 4 trading days, the Shanghai Composite Index has increased from 263509 points directly back to 2910 points, an increase of 104%。
I remember when I panicked a few years ago, I was really pessimistic, and many people couldn't resist clearing their positions and ran away, so they stayed away, but although it was **, the market did not fully recover confidence, and they were all waiting and watching.
Also, I was in the ICU yesterday, and I was on KTV today, and I basically haven't seen it in Big A, even if it's the bottom, I have to pull for a while, as little as 3 months, and as much as half a year.
There is one thing to say,A year ago, I didn't move at all in A-shares, so I added S&P Biotech and NASDAQ.
Some friends are worried that the US stock market is high and the index is not good-looking, the main reason is that the performance of technology stocks is too demonic and the weight is large, and the Nasdaq index has been pushed up.
In view of this, there are two choices: one is to choose the S&P 500, which pays equal attention to tradition + technology, and is sufficiently dispersed and balanced; The second is to be like me, and set the bid for general biotechnology.
I also hold a lot of medical care in A-shares and Hong Kong stocks, but I find that compared with the mature overseas medical market, it is really not powerful, and the funds do not understand.
Anyway, no matter what you say, my personal opinion is that the strategy of paying equal attention to U.S. stocks and A-shares** should not be moved, and in the absence of a global economic crisis, risk hedging is still necessary, after all, the market is mature enough.
Two. On February 19, the index valuation broadcast (1373 issues).
Table 1: Index ** Valuation Table.
Indicator Tips:
1.ROE = Net Profit Net Assets * 100% (PB PE Rough Calculation);
2.Percentile of the last 10 years: the position of the current P/E ratio or price-to-book ratio in the data of the last 10 years;
3.- Indicates that there is no or no applicable data;
4.The index sample range includes broad-based and industry indices such as A-shares, Hong Kong stocks and U.S. stocks;
5.Pay attention to the valuation of banks, real estate, finance, environmental protection, agriculture, and infrastructure with reference to PB; Internet Reference PS Valuation;
6.The statistical period of medical, chip, 5G and other statistical periods is short, and the 10-year percentile is for reference only.
Valuation Description:
1.Green represents underestimation, yellow represents reasonableness, and red represents overestimation;
2.Theoretically, the green safety margin is high, the opportunity is large, and it is suitable for buying; The yellow space is small, which is suitable for holding; Red has a low margin of safety, high risk, and is suitable for selling;
3.Valuation Status Description: Undervalued (PE 20%); reasonable (20 pe 80%); Overestimated (PE>80%)
The valuation of this index is personal statistical data, may be incorrect, and is for reference only and does not constitute investment advice and basis for any person.
Three. February 20 convertible bonds
There will be no new bonds listed or IPOs tomorrow.