Rise in the stock market finally stopped the pace of adjustment has not small, is now in the end is down, or adjust the relay in place it? Variety of genres, various experts to fully express their views and to influence the stock market by buying and selling. It was like a lot of people know the Song ? the opportunity, immediately replied: telling everyone, said: . Su Xiaomei listening, sighed and said: Although confusing the stock market these days, but we can see seems to have three different professional investors, though in the past six months, a joint venture together,cheap UGG boots, but now because of the different ideas in mind, so different from the stock market in the future to see parted ways.
The first is to send money to promote. This school is the theoretical basis of excess liquidity, they do not think the Chinese economy is really V-reverse,Discount UGG boots, do not quite believe the market has investment value. Last year the school did well Now they think that the Chinese currency over-generous era may be over. valuation is not too low. So the withdrawal of the stock market, playing the new shares (new shares at the current discount rate hit a yield of more than 10%) is the most sensible choice. fundamentals of individual stocks these investors is not carefully study the general (mainly do not think that the value of investments), so the main blue-chip investments, so this round of fall, these stocks are the hardest hit.
second is value investing school . This school is the theoretical basis of business fundamentals, more to the bottom-up investment opportunities, these investors believe that companies have a share price performance is possible, there is no support for the stock performance of a bubble, do not ignore them. 3400 point, the stock market valuation of the results for last year, more than 30 times earnings, about 3.5 times book value. That next year, if the performance of Chinese listed companies improve return on equity of 15% (which is the highest level of the last bull market) , the dynamic price-earnings ratio of 23 times. so there is no risk of the stock performance has been relatively large, so, even if still optimistic about China and the global economic recovery, structural adjustment is necessary. so there is no performance support to sell the stock into the object,UGGs, and the valuation the stock is still not high good investments.
third is to send future trends. This school is the decision that the future trend of the main reasons for price ups and downs, as long as future expectations did not change, the trend will not change. This school main macroeconomic and industry trend, more top-down investment opportunities, the specific details of individual stocks are not very fundamental value and current valuation. This school of investors believe that the future trend of the big two probability of the event: First the world, including China's economy will V-reversal, so sooner or later, China's stock market price level to go back to the end of 2007, so the stock will fall before a stock's future gains,UGG shoes, when the price difference between the size of the current stock price became one of the most important stock selection criteria. The second trend is due to global economic recovery, the recovery of supply and demand as financial crisis appeared stalled for two years, so when the global economic recovery, which is the end of the year or next year, a shortage of resources will again. two trends is a duplication of resources, so even though valuation of resource stocks has been unable to calculate, but not change running trend.
the future will continue to introduce new economic data, but not now one can ascertain the future, if the three factions unless the first half of this joint investment of the sweet years, and that the stock market go in the future, it will only let time and data to make the final ruling.
No comments:
Post a Comment