A Share Market: Also Become Capital, Lose Money.

To this day, the confidence of market investment has once again been hit hard. During the period, although the Chinese version of the fusing mechanism came to a close, it was difficult to make up for the impact of market confidence in the short term. Therefore, in the face of the current A shares in China, we still need to keep a close eye on the participation enthusiasm of funds and keep a close eye on the process of investor confidence restoration. In the final analysis, we still can't get away from the situation of "becoming a capital and losing money".

Where is the bottom? This is a hot topic recently discussed in the A share market. However, looking back on the stock market trend in the past two weeks, only two weeks' trading time has gone through, and the stock market has experienced a shock rate of nearly 20%, which makes investors feel exhausted.

Among them, as of January 13th this year, A shares The two balance has dropped to a level of 1 trillion and 26 billion yuan, and has achieved signs of ninth consecutive trading days down. At the same time, from the scale of the recent two financial balances, it also dropped more than 15% from the recent highest 1 trillion and 210 billion. During this period, the stock market also suffered a certain degree of impact, and the market confidence in investment was also significantly reduced.

In fact, reviewing the performance of the two financial balances since July 14 years is also closely related to the stock market. Among them, 14 years before and after July, that is, when the bull market started, at that time, the balance of A shares and two shares was less than 450 billion yuan. However, by the middle of 11 months, that is, after the opening of Shanghai and Hong Kong, the balance of the two shares of A shares began to show signs of accelerating and climbed to 1 trillion in December.

However, in the 15 years before June 12th, the peak of the current bull market, the A share's two financial balance also hit a record high of 2 trillion and 270 billion. What follows is a vigorous dedeleveraging process. To this day, although the balance of the two shares of the A shares is still above the trillion mark, the current scale of the two financial balances has dropped more than half of the historical high. At present, the balance of the two shares of A shares is still in a downward trend, and there is more or less a link between the size of the financing scale and the market index. In this regard, if the two shares of A shares balance scale can not show signs of significant stabilization and recovery, the A shares' overtaking or anti pumping efforts or will be greatly reduced.

In fact, in view of the recent stock market volatility, on the one hand, it is rooted in the impact of the new liquidity influx and the continuous decline of the scale of the financing. On the other hand, it is mainly affected by the policy changes, and in fact, the influence of market investors is exacerbated by the sudden closure of the fusing mechanism. Anxious mood 。

　　 Fusing mechanism The introduction can have a certain effect on stability. As we all know, after the introduction of the Chinese version of the fusing mechanism, it has a huge impact on the market. During the period, the market index touched the fuse threshold value of 7% in January 4th and January 7th, and realized the purpose of closing the market earlier. Affected by this, the market index which tended to be stable has been disrupted by the introduction of fusing, while the index plunged more than 15% in two weeks, which again triggered the market's worries about the stock market disaster.

However, from a different perspective, the short-term market has experienced an irrational decline, and the market has once again returned to the bottom of the 3000 point. However, for the A share market returning to the "2" era, the market has basically returned to a relatively safe investment area. At the same time, for some wrongful killing stocks, it has once again welcomed the position of medium and long term relative safety. In other words, for the market, the risk of adjustment has been well released after a series of recent irrational trends. Perhaps, under the 3000 points of Shanghai stock index, especially near the 2850 point, for investors looking forward to the long-term layout, it will be a good opportunity for a medium and long term gradual low absorption.

However, it should be noted that although the adjustment space of A shares will not be too large, the adjustment time is not enough. The reason is that for the market, the bottom will not form quickly, and building the bottom will be a difficult process. For this reason, for the vast majority of investors, there are few people who can copy the bottom at absolute bottom, and more people can only copy the bottom of the market. Obviously, the bottom line is probably a blink of an eye, but there are few people who can ultimately defend the bottom and get the ultimate investment profits.