The A-share market is not as durable as expected. To be honest, this round of funds will slowly return to cryptocurrencies.
The current increase in the A-share market is actually an inevitable event. As early as the end of last year and last month, it was already fully invested.
The cycle theory can be traced back to the outbreak of the subprime mortgage crisis in the last round of the A-share market. The domestic stock market was used to pray for survival.
The reason for this round is the result of the times.
The economy needs to flow. The anchor point of the last round after 2008 was real estate. At the same time, the liquidity of real estate as an asset is poor. At the same time, everyone has a rigid need to become a liability subject, and even take on liabilities and loans + liabilities on their own initiative.
At the beginning of this new round of games, most people will not be willing to become the liability subject of real estate, but will pursue more liquid assets.
The domestic A-share market has this attribute. It actively releases good news and then stimulates the market to pull up the market so that the next person can see the effect and reason of stimulating the market and become a liability subject again.
So is it just stimulating the stock market? Then the market is destined not to last long. The next step is to continue the internal stimulus policy to stabilize employment, stabilize the market + restore expectations and boost confidence.
Unlike real estate, the capital market is a highly liquid market. With the entry of new money and the boost of the market, it is easier for old money and big investors to harvest. Cancer stocks will not become the second real estate. The next outlet is not cancer stocks, but cancer stocks can last for a long time after the market boosts confidence. My expectation is that there will be problems after 2027, and funds will officially choose new debt entities.
#上市公司增持BTC #FTX赔偿计划