Foreign media lead the bottom out! The four major news shocks in the early hours of this morning hit (212）！
First, the foreign media led the bottom good! Bloomberg believes that China's economy is improving, citing the possibility that A-shares may have bottomed out; Change of leadership of the Securities and Futures Commission; S&P 500 new high; The Nikkei hit a 34-year high.
Others look at our economy like this, we can't continue to believe that ** is safe, I won't say much about this, just look at Professor Wu Xiaoqiu's latest**. In this regard, strict management of securities lending is very illustrative, investment funds have a cost, about 90% of investors are currently losing, who will dare to invest in the long run? Strictly speaking, the original intention of securities lending may be the idea of suppressing bubbles, when it becomes the main way to make profits, it deviates from the original intention, and the restriction will be conducive to expressing our economic construction achievements, and it is also conducive to improving investors' sense of gain, hoping that this is not a temporary measure, but a derivative instrument that is strictly regulated for a long time.
2. State Food and Drug Administration: In 2023, 61 innovative medical devices will be approved for marketing, reaching a new high. Medical devices are an industry with large upfront investment and high risk of failure, but in the same way, once the product is successfully approved for marketing, the benefits will be very considerable. Now there are signs of loosening in the industry, once the pace of innovative medical devices on the market accelerates, the company's cash flow will be greatly improved, and the performance will also be significantly improved. Returning to the secondary market, you can pay attention to those medical device-related companies that have invested more in R&D before, and the performance of these companies is likely to have an inflection point.
Third, Chinese New Year's Eve instant retail sales increased by about 20% year-on-year. The three-year epidemic has changed many people's shopping habits, especially the continuous improvement of recognition of online shopping. And with the continuous development, e-commerce has greatly improved both the shopping experience and product quality, and more and more people are used to shopping online. Once the Internet trend is formed, it is difficult to change, China wants to expand consumption, the focus should be on e-commerce retail, as long as the shopping ecology of e-commerce continues to improve, so that the people have a good shopping experience, then China's consumer retail will gradually increase.
Fourth, A-shares are still a strange speculative market, 80% of the ** valuation is still too high, and the valuation of 42 bank stocks is too low, and the polarization is particularly serious.
Technology stocks with good performance in the United States have been rising for more than 10 consecutive years, with a price-to-earnings ratio of only 20 to 30 times, and they also repurchase shares with high dividends every year. Looking at the A-share technology ** earnings ratio, which is 50 to 60 times, there are also stock prices of hundreds of yuan performance losses. There are few dividends every year, and they refinance every few years. Only bank stocks are much cheaper than U.S. bank stocks, the U.S. price-earnings ratio is more than 10 times, and A-shares are only 3 or 4 times.
The valuation of A-share technology stocks is high, and the cost of major shareholders is 1 yuan, and in the face of overvalued profits of dozens or hundreds of times, they must try all means to cash out and run away, unless the stock price falls to a very low valuation, and the major shareholders feel that it is better to hold shares and eat dividends to be cost-effective.
2023 is a year full of pain and despair for most stockholders, and it seems that they will never know where the bottom is. Many ** fell by more than 60%, in the words of high emotional intelligence: the money-making effect is not obvious; In the words of low emotional intelligence: the money loss effect is particularly significant. Therefore, for the upcoming 2024, most people have expectations.