From 1994 to the end of 23, the annualized rate of return of the Shanghai Composite Index in the past 30 years was only 3.49%, and the annualized rate of return in the last 10 years was 3.47%

The annualized rate of return of the Shenzhen Component Index in the past 30 years was 4.97%, and the annualized rate of return in the last 10 years was only 1.6%

The annualized rate of return of the CSI 300 in the past 20 years was 5.53%, and the annualized rate of return in the last 10 years was only 3.95%

The annualized rate of return of the Hang Seng Index in the past 30 years was 1.21%, and the annualized rate of return in the last 10 years was -2.41%

And the annual winning rate of the above indexes is only 50%, which means that 15 years in 30 years have fallen.

Look at the Dow Jones Index again, the annualized rate of return in the past 30 years is 7.99%, the annualized rate of return in the past 50 years is 7.88%, and the annual winning rate is as high as 72-75%

The annualized rate of return of the S&P 500 in the past 30 years is 8.06%, and the annualized rate of return in the past 50 years is 8.09%, and the winning rate is also 70-74%

The annualized return of Nasdaq in the past 30 years is 10.38%, and the annualized return in the past 50 years is 10.72%, with a winning rate of about 72%.

Basically speaking, our market has a very low long-term annualized return. In the past 10 years, it has been one level lower than itself, and in the past 3-4 years, it has been one level lower, becoming the worst market in the world.

Pessimistically speaking, this is really a market that has been very distinctive for a long time and is proud of its characteristics.

Optimistically speaking, this is really a moment of abnormal deviation rate.