Good morning, everyone!
Doesn't Daxian always say that the market from 2019 to the present is very similar to the market from 1994 to 2001?
Whether it is from the external factors (Fed interest rate hikes, US stock market crash), as well as internal factors (national monetary policy, the timing of regulation), or from the perspective of valuation, as well as from the technical point of view is very similar;
So, now that this policy is strong, did the stock market fall also happen in the first place?
Answer: Indeed!
Just like the wide adjustment time from 1998 to 1999, we saw the emergence of monetary policy RRR cuts, interest rate cuts, and even major positives (1998) to reduce stamp duty, which did not change the situation in which the market continued to fall.
This is mainly due to the external black swan (the after-effects of the 1997 Asian financial crisis) + the pessimism of the emotional side of the field. This is the same as the present, the external black swan (US stock market plunge, Ukrainian-Russian conflict) + internal sentiment pessimism, but our monetary policy is loose, the policy is to support the stock market, but the index is falling and falling.
Therefore, when the future mood is relaxed and the policy is further exerted, I believe that A-shares have the ability to stage the "1999~2001" market and get out of the independent bull market.
Since the front is so gone, the back can not be abandoned halfway, I think it is impossible, the registration system must be in the environment of the big bull market to land smoothly, this is common sense, A share history of several major reforms have not been completed in the bear market!
