Huli Yang A stock mall ushered in the golden ag

Source: China Securities News 2010-12-08 09:21:07
25 years ago, I returned to Taipei from Wall Street, while I do not ambition investors, and educators absence to be the stock market, reminded me to cautiously scrutinize this ideal more than the globe market . A share market, I began to disburse consideration the mainland stock market. After approximately 20 years of development, we can say whether in the mainland stock market trading system, or in the market size, growth rate is the world; mainland investors to provide in the lust of knowledge and information is in the globe. This is not flattery, nor namely the mainland stock market has been very faultless. But namely the mainland stock market has grown up, and ushered in the investment of the
observe the growth trajectory of the mainland stock market, I have a sensibility of deja vu. Perhaps this emotion stems from my knowledge and understanding of the Taiwan stock market. 20 years ago, that is, the bud of the mainland stock market, the Taiwan stock market has begun to amplify margin, many people were questioned in Taiwan: the financing is passable, short selling will lead to market instability,Christian Louboutin Mary Janes, spike? 20 years later, the facts show that the margin had little negate effect. After that 2-3 years, stock index futures market is open, but also relaxed foreign investment restrictions. Voice of challenge resurgence of the market: Is this not agreeable at all so foreign to the main financial and accounting go? The results once repeatedly testified that these reforms and innovations has not the stock market turmoil, but pressed the stock market's volatility. Because both the market forces to do more, there are short power, the power poise between the two, the market volatility to drop down. Taiwan was the introduction of the various types of foreign investment, and their methods of operation, point of outlook, required rate of return are not the same, some purchase and clutch, some sway trading, and some acquire a nailed income, they are also very fierce tournament between This homogenization of the market trend is broken, the market balance effect produced. This is with the Hong Kong and Singapore stock market development is the same tug.
Many folk might ask, the mainland stock market has margin, but too the stock index futures, but also have foreign participation, why the volatility is increasing. In fact, the basis causes or means of action, investment philosophy, the pursuance of such earnings was also homogeneous. Once to the bad, we always look blank; to the behalf for a long period, but also coincided to do more, resulting in prevalent market slump and soaring. To break this location, the absence to send in more differ types of foreign investment, absorption of another types of foreign investment philosophy, market volatility ambition come down.
investor schooling is important, mighty speculative investors in the mainland, has done too short, like the chase sell. I occasionally very troubled, the market to a low location, and investors continue to dart the main pieces are inexpensive. In fact, for mediocre investors, the big money to depend on long-term investments, such as Microsoft, Apple and Hon Hai in Taiwan in the quondam 20 years, a hundred times to the long-term investors and even thousands of times proceeds. And I also deem that the current long-term investment in the mainland stock market is the best time, because the A share market is low enough, the mainland economy and good enough.
With the development of the market, this opportunity will be less and less. The deepening of fiscal innovation, fully open to foreign investment,Christian Louboutin D'Orsays, investors diversified and diversified investment products, the hereafter will be more modest A-share market, capital market will convert one all-encompassing fiscal department stores, will be more ups and downs of the stock market less chance of luck will be less and less. At that time, when the stock market at a relatively lofty, people will only meditation of how important long-term investment. So, I constantly tell investors: Perhaps there are still a lot of people now
very worried about inflation. In fact, from statistical file, by the time the inflation rate of fewer than half the rate of economic growth,Christian Louboutin Sandals, do not worry too many. Suppose we have this year's GDP growth of 10%, less than 5% by the time the CPI, we would not be terrified. This is still gentle inflation. In fact, look by India and additional emerging markets, and immediately the inflation rate to 7%, 8% or even 10%. GDP growth rate is far lower than their mainland, and only 6%, 7%, 5%, CPI is to 7%,Christian Louboutin Shoes, 8%, 10%. That the mainland's economy is the best.
the situation from a global macro view, the entire world there is a very strange phenomenon, I shrieked the The world can be divided into two portions,Christian Louboutin Pumps, the emerging markets, like China, Brazil is very worried about inflation, because economic development so fast; the other half is represented in Europe and America, primarily the U.S., they are worried about the economic double dip . History in the global economy, I have not base this log, that the world can be divided into two, half worried about inflation, worry about half the ebb. Before is like an pestilence, a result of inflation, world inflation; a result of economic recession, the world recession. It is now half and half, it is splendid.
half of this half of the stock market has been affected? In this case, if the asset are very exuberant, the cost will merely persist to go ahead. But ashore the lid, beneath the iron will be stuck in the medium somewhere, because someone anxious approximately inflation, some people worry that a recession. Flows very painful. Over time, it will generate a phenomenon: the market to crawl, and the prices will not mushroom too rapid specifics, down is not easy, as whether creature in a carton up and down, can be trend is ascent. The mainland stock market is cared, I accentuated the maximum is trust, the mainland's economic is booming, the stock will be combined with the economic to finally attach. In a short time,Christian Louboutin Slingbacks, met some bad, we will cause excessive traction fell, but it will afterward return to economic fundamentals.
course, I would like to accentuate, the stock market will always be A stock 20 years ago is the case, today is the case, 20 years later is still the case. I want to say is that the market system building and innovation, equitable try to give investors a To shine in this market, we need to keep practicing. I feel a little amuse in the study, but the concept of fuzzy mathematics is illegible, there is no assertive, everybody Yiyun, no foresight, no aspiration who is difficult in the market as a colossal. This is why no material which market, whichever time, there is always
20 annuals after, the mart has suffered colossal changes, but the weakness of people ecology is still the greed and terror. Therefore, I always acquaint the mean investor, stock market is act may not be the premier purpose of making money, yet enjoy the fun it brings apt our lives. Enjoy the process of investment is extra important than the result, not the stock market is doing as oppression, may actually be a pleasing wonder.