Stock Market Evaluation: There Is No Need To Be Pessimistic In September.

Or the United States and Europe

The impact of the decline, on Wednesday, the Shanghai and Shenzhen two cities were both low open, and led by the rise of blue chips in the four leading markets, the index once turned red.

1. the public security departments and the securities and Futures Commission launched their efforts to crack down on illegal activities of securities.

Relevant personnel of CITIC Securities, finance and economics magazine and Securities Regulatory Commission were investigated by public security organs.

On the evening of 2.8 31, the four ministries and commissions of the SFC, the Ministry of finance, the SASAC and the CBRC jointly issued the notice on encouraging mergers and acquisitions of listed companies, cash dividends and repurchase shares, deepening reform through various ways, decentralization, vigorously promoting mergers and acquisitions of listed companies, and actively encouraging cash dividends from listed companies; and supporting

Buy back shares, enhance capital market efficiency and vitality.

3. the State Council held a executive meeting in September 1st and decided to set up a national SME development fund.

The government and the market have joined hands to enhance the driving force for entrepreneurial innovation. They have decided to establish a national SME development fund with a total scale of 60 billion yuan, reform and innovate investment and financing mechanisms, and enhance effective investment capability.

4.9, 1, many

The announcement of the unified sale indicates that the investment will be made according to 20% of the net assets, and the investment will be allocated to the certificate company account.

Preliminary estimates show that the certificate company can add about 100 billion capital to the market and has a positive impact on market stability.

Technically speaking, large blue chips have returned to the value investment zone, and long term funds have also begun to intervene, indicating that the possibility of a sharp fall in the main market is small.

In the preliminary analysis, we also mentioned that, with 2850 points, the stock index fell 2328 points for 3 consecutive months, and the 1849 - 5178 liters fell to nearly 70%.

Therefore, we believe that the market will enter the stage of grinding the bottom and building the bottom.

Mature investors should not be caught up in fear and violated the principle of value investing.

After September, the red line is worth looking forward to.

There are only three trading days in A shares this week. The market is weakening by wave, showing the two trend.

Judging from the disk, the small and medium capitalization stocks which are mainly based on GEM have a big decline, while some large blue chips have returned to the value investment range, especially the financial sector. Long term investors have begun to layout and become the stabilizer of the market, and this is also the highlight of this week.

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The key to September is to confirm the bottom and get ready.

First of all, in the context of the current market confidence collapse and the prospect of extreme pessimism, the combination highlights of lowering interest rates, cracking down on illegal securities activities and raising stock index futures margin are in the light of "stable economy and stable exchange rate" and "stable confidence", which helps the market rebound in a short term and see the bottom in stages.

Second, the short-term stabilization of the RMB exchange rate helps the market enter a new equilibrium period. In the end, cheap is the absolute principle. Whether it is value investment or growth investment, investors of various styles can find stocks that they consider themselves cheap.

The attractiveness of medium and long-term investments helps stabilize the short-term panic chips and thereby block the adjustment of index.

The short term market is dominated by "slippery", and the characteristics of the picture, the changeable mood and the large volatility will restrict the continued rebound of the market in September.

At present, after the repeated venting of extreme emotions, the amount of leveraged funds has declined significantly, and the institutional positions are also relatively low. Therefore, the "short" has lost the bargaining chip of short selling capacity, and can only rely on the dissemination of negative news; but the previous "bull" has now become a frightened bird and confidence remains to be fixed.

In addition, after the "stability window", the slippery leader may gain a profit and cause setbacks.

Many investors believe that the recent rebound is related to the "stability and stability" of September.

After stabilizing the time window, some of the slippery leaders may be able to reduce the wait and see. But taking into account the failure of short selling power, the twists and turns of the September market will help to confirm whether the market is near the 2850 point.

As far as opportunity is concerned, Zhang Yidong indicated that he could pay attention to five aspects: first, the high prosperity industry, including catering and tourism, media, new energy vehicle industry chain, aquaculture, electronic components, and consumer service from bottom to top, and blue chip stocks with strong competitiveness in the field of manufacturing segmentation; two is the area expected to benefit from the policy of "steady growth"; the three is the thematic investment in the early stage of the surrender of the stock market; four is the merger and reorganization, the stock that has recently been substantially increased by major shareholders / executives, and five is the growth stocks after the crash.