It's another day of automatic deduction of money.
The transaction volume was 550 billion yuan, and the median fell by 1.6%. The Science and Technology Innovation Board and the ChiNext continued to fall, while the dividend sector dominated by banks rose against the trend, which is almost a microcosm of the market situation in the past year.
Some people with low positions are now playing dead and not looking at their accounts. Some people with heavy positions or even leverage are extremely tormented every day recently, and their hope for life and their entire spirit are gradually extinguished along with the market.
Many netizens left messages asking when the decline will end. I don’t know the exact point, but there is usually a wave of panic before the bottom is reached. When the acceleration starts, the falling market will cry and scream, which means it is accelerating to the bottom.
The national team has been fighting and retreating these days, resisting step by step. Now everyone should understand that they actually did not intend to pull up the market. The purpose of their trading is to provide a buffer for the decline, slow down the decline, and avoid the risks of a sharp drop to the financial system.
In fact, the housing market also follows this idea. It is impossible to raise housing prices in a short period of time, so what can be done is to slow down the decline of housing prices, and at the same time continuously issue policies to stimulate transactions and achieve as much turnover as possible. If the housing price drops from 100 to 60, it may lead to defaults and bad debts, but if the person can't bear it anymore and sells it at 80, and lets another person take over the remaining half, the pain and risk will be dispersed and resolved.
Leverage in the stock market is not as common as in the housing market. The latest financing balance is around 140 trillion yuan. As long as the market does not fall too quickly, the market will slowly unload itself.
……
I saw a piece of data today that 53% of the stocks have fallen below the bottom of 2635 points in February, 46% of the stocks have fallen below the bottom of 2440 points in 2019, and 30% of the stocks have fallen below the bottom of 1664 points in 2008.
My first reaction was that this data might be wrong, because there were only more than 1,000 companies listed in 2008, which is unlikely to account for 30% of the current 5,300 companies. So the accurate description is that 30% of the stocks listed before 1,664 points are currently lower than 1,664 points. This is about right. I checked and there are 593 companies.
In addition, there are nearly 2,600 companies whose stock prices are lower than 2,635 points, which is indeed more than 50%.
There were more than 2,200 companies whose stock prices were lower than 2,440 points, accounting for about half of the listed companies at that time.
So there are no friends with time in the A-share market, only clients with time, and they are freeloaders, even if they can get you for 10 or 20 years without paying. The national economy has been developing rapidly for 20 years, but the stock market has not shared the benefits, but has only contributed by bleeding. Previously, investors were educated to be patient investors, but those without patience escaped, and those with patience stayed and were tortured by the A-share market.
……
1. The US lowered its employment data, which was previously overestimated. This will help the probability of a rate cut in September to continue to rise. The impact on us is that there will probably be another rate cut before the end of the year, but a rate cut may not necessarily stimulate a rise in the stock market. Instead, it will be a positive stimulus to the bond market and savings insurance. By the way, all insurance yield models will be lowered at the end of this month, so if you want to buy, you have to hurry up.
2. The regulator has significantly revised the rules for offline new shares. I looked at the revised content and found that it mainly puts forward requirements for the professionalism of offline investors and requires the objectivity, prudence and retrospective verification of offline quotations. The subtext is that it is hoped that offline investors will be more rational when quoting, and not make random quotations, so as to ensure a good starting point after the stock is listed.
In fact, I think this change is useless and unnecessary, because I looked at the new stocks listed this year, only Shanghai Hejing's stock broke the issue price, and the rest all rose and made profits, with single-ticket profits mostly above 10,000, and even 40,000-50,000. This shows that the IPO price is not too high, but too low. Since the leeks are so willing to take over, more IPOs should be issued at high prices to meet market demand.
On the other hand, the Shenzhen New Stock Index has dropped by -15%, -32%, -12% and -34% in the past four years. This is the result of the leeks seeking kindness and getting it, and no one is to blame. There is no need to educate the idiots, just eliminate them all. As for some black-hearted funds that use investors' money to raise the price of IPOs, you are probably the only one left in the household registration book.
3. Ping An of China had an operating profit of 78.4 billion yuan in the first half of the year, and paid a mid-term dividend of 0.93 yuan per share, equivalent to a little more than 2% of the stock price. This profit exceeded market expectations, and Ping An's operating conditions have bottomed out, but this dividend is lower than expected. It is willing to distribute only 16 billion yuan out of 78 billion yuan, and the dividend rate is too low. Now the financial industry is reducing leverage, so why does Ping An intercept so much profit? It should use more money to repurchase. The stock price is so low that it can be regarded as bargain hunting.
4. I saw some refreshing news. Beijing police have recently arrested scalpers who booked tickets for popular attractions. This summer, 62 people were detained criminally and 117 people were detained administratively. Well done. It should have been rectified long ago. It is getting harder and harder for tourists from other places to visit Beijing. It is obviously a tourism benefit given by the government to the people, but it was used by these grandsons for their own benefit. They were arrested and left with a criminal record. Their children all have a black history and cannot pass the civil service exam. It feels good 😌
That's all. I've advanced Black Monkey to the second act, Tiger Vanguard. I'm not a fast player, I only play for about 4 hours a day, and after playing for a while, I'll look for guides online to fill in the gaps, and often have to go back to get props or fight hidden bosses. In addition, I have a map-licking obsession, that is, I have to step on every corner of the map before I'm willing to move forward.
After entering the second act, the map suddenly expanded a lot, and the game content became richer. I feel that it will take more than 60 hours to complete the game. As for the bosses, they are not very difficult. Except for the big boss I met when I just went out, I can basically beat the others after five or six attempts.
There is an animation after defeating the Black Wind Valley in the first act, which is quite amazing. I feel that the movie of Journey to the West developed by Game Science will also be a big hit. Their aesthetics are very online and they are very good at mobilizing users' emotions.