Rebirth of the investment era

At 1:44, "Hengsheng Electronics", which had just sealed its daily limit, exploded, and the stock price returned to around an 8% increase.

At 1:45, the Shanghai Stock Index fell below the 3450 point mark.

At 1:46, after the two checks of China North Locomotive and China South Locomotive and Locomotive \u0026 Rolling Stock Co., Ltd. hit the daily limit board, they could not be directly sealed in one breath. The stock price encountered extreme selling pressure on the daily limit board and showed an obvious diving trend. It also quickly fell back to around an 8% increase.

At 1:47, the leading securities sector index fell back below 5%.

At 1:48, the banking and insurance sector indexes, as well as a series of industry sectors such as commercial real estate development, public transportation, non-public transportation, building decoration, building materials, steel, machinery and equipment related to the "big infrastructure" main line... Indexes also followed suit and fell.

At 1:49, the daily trading volume of 'Huaxin Securities' has expanded to about 11 billion. Its stock price has also shown a significant downward trend due to the huge increase in trading volume. The selling pressure on its market has suddenly increased. This suppressed active buying and put significant pressure on the stock price.

At 1:50, the 'sub-new stocks' sector was further concentrated and strengthened. The active capital groups on the market showed signs of concentrated speculation from large-cap stocks to small-cap concept stocks, especially near-end sub-new stocks. At this moment, the check showed a straight-line upward trend, and the stock price once again shot up to a 6% increase, and it was likely to buck the trend and hit the daily limit.

At 1:51, in the low-level main sector sectors such as 'big consumption, non-ferrous metal cycle, petrochemical industry, coal, pharmaceutical business...', which originally showed a significant downward trend in today's session, stocks with serious capital outflows appeared at this moment. There has been a certain degree of recovery.

At 1:52, despite the obvious decline of the Shanghai Composite Index and the A50 Index, the small and medium-sized board index unexpectedly continued to rise, breaking away from the influence of the corresponding weight stocks of the Shanghai Composite Index and the A50 Index.

At 1:53, the two checks of China South Locomotive and China North Locomotive and Rolling Stock Locomotive and Rolling Stock Locomotive and Rolling Stock Locomotive and Rolling Stock Locomotive and Rolling Stock Locomotive and Rolling Stock Locomotive and Rolling Stock Locomotive and Rolling Stock Locomotive and Rolling Stock Locomotive and Rolling Stock Locomotive and North Locomotive and Rolling Stock Locomotive and Rolling Stock Locomotive and North Locomotive and Rolling Stock Locomotive (CNR) checks were once again attacked by the continuous large orders of tens of thousands of hands, and they tried to be closed.

At 1:54, two checks were issued for ‘China South Locomotive and China North Locomotive and Rolling Stock Corporation’, and the stock price once again hit the daily limit.

At 1:55, after a minute of intense trading, the two checks finally failed to seal the daily limit, and the stock price fell again.

At 1:56, the index gains of several major conceptual themes such as 'Shanghai Free Trade Zone', 'Reform and Reorganization of Central and State-owned Enterprises', 'New Era Road, Maritime Silk Road' all fell back to around the 2% increase mark, among which , the trend of the 'Shanghai Free Trade Zone' sector index shows an obvious decline. The popular stocks within the sector once hit the "Shanghai Stock Exchange Sanmao" check for 4 consecutive boards some time ago, and the stock prices have fallen rapidly and fell back. to an increase of less than 1%.

At 1:57, the stock price of 'Blue Stone Heavy Equipment' soared to an increase of 8%. The trends of the entire market, concept growth stocks and small-cap concept stocks are all related to the two core main lines of 'big finance' and 'big infrastructure'. Amidst the decline of heavyweight stocks and popular stocks, there is an obvious recovery trend.

At 1:58, the small and medium-sized board index rose against the trend, and the intraday increase exceeded the 3% increase position in one fell swoop.

At 1:59, the Shanghai Stock Index rose back to about 8%.

At 2 o'clock in the afternoon, the A50 index, which was the only one in the two cities that could still maintain a stable increase of more than 5%, at this time, the intraday increase also fell back to less than 5%. Among them, the intraday increase of the main A50 index futures contract also seemed to have declined. At the 5% increase mark, the premium of the index and index futures has also narrowed significantly.

At 2:01, the securities sector index's intraday increase has dropped to 92%. Among them, three stocks, Huazhong Capital, Xiangcai Securities, and Huaxin Securities, exploded, and the intraday increase of 'Western Securities' fell back to 5 Near %, in just ten minutes, the decline exceeded 3%.

At 2:02, the stocks of the two banking sectors, Pingjiang Bank and Ping An Bank, also opened their daily limits, and their stock prices fell back one after another.

At 2:03, the weighted stocks of a large number of banking sectors such as Industrial Bank, China Commercial Bank, Shanghai Pudong Development Bank, China Commercial Bank, Huajian Bank, Huanong Bank, Bank of Communications, etc. fell back, and in the entire sector, only 'Minsheng Bank' A stock can still maintain its daily limit trend.

At 2:04, the insurance sector's 'Xinhua Insurance', a super-weighted large-cap stock with a market capitalization of 100 billion, also followed the trend and the stock price fell back to around 5%. So far... In the main line of 'big finance', In just ten minutes, the number of stocks that were fried reached ten stocks.

At 2:05, the banking sector index rose and fell out of the top five in the two cities' industry sector growth lists. At the same time, the 'film and television media' sector squeezed into the top five in terms of growth.

At 2:06, amidst the decline in the main market prices of ‘big finance’ and ‘big infrastructure’, the number of industry sectors and concept sectors in the red market in the two cities increased.

At 2:07, despite the violent market fluctuations, more than 1,500 stocks in the two cities still maintained a red market.

At 2:08, the growth scissor gap between the Shanghai Stock Exchange Index, the Shenzhen Stock Exchange Index and the GEM Index further narrowed. At the same time, the growth rate of the 'sub-new stocks' sector once again squeezed into the top three in the concept sector gain list of the two cities, and the entire 'sub-new stocks' sector Within the sector, in addition to unlisted new stocks, the number of near-end sub-new stocks and daily limit stocks once again exceeded ten.

At 2:09, the stock price of ‘Bluestone Heavy Equipment’ hit the daily limit.

At 2:10, ‘Blue Stone Heavy Equipment’ sealed the daily limit. The monster stocks will not die, and the big monster will not stop.

At 2:11, a number of stocks such as Ciwen Media, Huace Film and Television, Yue Media, Huawen Media, Hua Qingbao, Yuanji Technology, Quantong Education... showed signs of abnormal movements and higher prices.

At 2:12, the Shanghai Stock Index's growth rate further fell back to around 65%. At the same time, the Growth Enterprise Index's growth rate surged to around 55%. The scissor difference in the growth rates of the two major indexes was basically smoothed out.

At 2:13, after the daily trading volume of "Huaxin Securities" exceeded 12.5 billion, the time-sharing volume began to decline, and the stock price began to trade sideways.

At 2:14, the gains in the indexes of the "big financial" weighted industry sectors such as securities, banking, and insurance stopped falling. The time-sharing volume decreased simultaneously, and the change of hands also began to shrink.

At 2:15, the two checks of "Hua Investment Capital" and "Huaxin Securities" that blew up the market began to try to close the daily limit.

At 2:16, ‘Huaxin Securities’ closed the daily limit.

At 2:17, the securities sector index briefly returned to the 4% intraday increase mark.

At 2:18, while the three "Three Musketeers" of the Internet securities trading platform "Great Wisdom, Flush, and Oriental Fortune" still maintained their daily limit, the violently fluctuating "Hengsheng Electronics" check began to fall sharply. Raise your head again and attack.

At 2:19, 'Pingjiang Bank' blocked the board and closed the game.

At 2:20, ‘Pingjiang Bank’ successfully closed the daily limit.

At 2:21, the turnover of the two cities has exceeded the 700 billion mark. At the same time, the number of daily limit stocks in the two cities that are not on the one-line board has not decreased compared with before, but has increased a lot, reaching 76. If Counting newly listed stocks and stocks that are favorable for resumption of trading, there are already more than 90 daily limit stocks in the two cities.

At 2:22, the Shanghai Stock Index returned to the 80% increase in the day, and at the same time, it once again stood at 3430 points.

At 2:23, the number of stocks in the two cities exceeding the daily limit exceeded 100. The entire market had a huge profit-making effect, and signs of the daily limit of 100 stocks reappeared.

At 2:24, the main contract of A50 index futures returned to the 3% increase mark during the day.

At 2:25, after the main line weight stocks of "Big Finance" and "Big Infrastructure" digested some of the selling funds, and with the follow-up of the new main buying capital group, the stock prices began to slowly rise again.

At 2:26, ​​the entire market returned to a volatile upward pattern.

"It's the 100-stock daily limit again. The recent market trend is really awesome!"

Seeing that the growth scissors of the core market indexes of the small and medium-sized market index, GEM index, Shanghai stock index, and A50 index have narrowed, at the same time, after a round of diving, the market began to gradually recover from the intraday decline and continue to hit new highs. At this moment , in the main hot money group of Yuhang where Su Yu is located.

Many big investors in hot money stared at such a hot market trend and expressed emotion.

"In the past three years, there shouldn't have been many trading days with the daily limit of 100 stocks in the market, right? As a result... basically all of them were concentrated in November."

"In the past three years, there have been less than 20 trading days in which the market has reached the daily limit of 100 stocks, but 7 of them all occurred in this month, and 15 of them all occurred in the market in the second half of this year. The rest This is all caused by the extremely favorable market conditions."

"Is this a bull market? It's really bullish!"

“The influx of incremental funds is like crazy, mindlessly rushing to raise funds.”

"Mainly, the entire market has formed a clear sense of market hierarchy. The two core main lines of 'big finance' and 'big infrastructure' are showing signs of decline, and active funds from all walks of life are rapidly moving towards 'technological growth' and 'conceptual growth' , 'mobile Internet', 'big consumption', 'sub-new stocks' and other fields poured in, quickly rotating the market, and then when the two main lines of 'big finance' and 'big infrastructure', the selling power of the two main lines declined slightly. The main financial groups from all walks of life have concentrated on the main areas of 'big finance' and 'big infrastructure' to follow up and continue to push up the core main lines of the market."

"Yes, with such an obvious market hierarchy, the entire market has no room for continuous downward adjustment in a short period of time, in the extreme emotional interpretation of long positions."

"The key is that under the continued hot market profit-making effect, there are more and more active financial groups on the market."

“That’s right, even if the capital groups that temporarily exited the main line areas of ‘big finance’ and ‘big infrastructure’ to take profits, their current thoughts are not to leave the market, but to take over other branch lines and main line market stocks, and continue to game and go long in the market. .”

"More and more abundant active capital flows continue to surge in the market. You say... can the stock price not rise?"

"More and more funds are pouring into the market, and the issuance speed of new shares will definitely not be able to keep up with the continuous increase in the amount of funds. This will cause the stock chips on the market to become increasingly scarce and increasingly scarce. It becomes more and more precious.”

"I originally thought that the core stocks in the low-level main line fields such as 'big consumption, non-ferrous metal cycle, petrochemical industry, coal, pharmaceutical business...' that had a lot of money yesterday have continued to trade in the two core main lines of 'big finance' and 'big infrastructure' today. Under the capital siphoning effect of upward breakthroughs, a sharp decline should be inevitable. But now... it is not necessarily the case. There are too many incremental funds pouring into the market, and they have completely supported the trend of core stocks in these fields. "

"With extremely abundant market liquidity, even weak sectors will not lack financial attention, and naturally there will be no obvious sharp decline."

"Hey, the current weak sectors can only be said to be weak relative to the index's growth, right? In fact... there is a high probability that you can make money by holding stocks in these weak sectors."

"Basically, almost 1,500 stocks are rising every day. Now as long as you buy stocks and hold them, it is not difficult to make money. The main problem is how much you make and whether you can keep up with the increase of the market index."

"With such overall market conditions, even a fool can make money, right?"

"It should be that a blind person can make money with a high probability. If you buy blindly with your eyes closed, you can still make money. It's just not sure whether you can keep up with the market."

"Haha...that's it!"

"The market has been suppressed for many years. Once it broke out, it was really overwhelming."

"Once the important pressure mark of 3,000 points is broken, the bull market market pattern is recognized by more and more investor groups, and the upward trend will be completely unstoppable."

"If this continues, within a few trading days, we will see a trillion-dollar transaction volume in the two cities, right?"

"Today's transaction volume in the two cities should explode to around 850 billion. At this rate of increase, we may see a trillion-dollar transaction volume in the two cities by early December."

"There are also financing balances. Recently, the financing balances in the two cities have been increasing crazily at a rate of 6 billion to 8 billion per day."

"There is also the incremental capital group brought by the 'Shanghai-Hong Kong Stock Connect'."

"Isn't it said that there is still news about the central bank cutting interest rates and RRR cuts? If this good news comes to fruition, then there will be a huge change in the financial situation of the entire market. By then...the increment brought by the interest rate cuts and RRR cuts Are the capital groups afraid of reaching another trillion level?"

"Looking at it this way, the subsequent incremental funding groups are really endless."

"The main bull market has completely burned out. As long as investors' investment confidence continues to grow at a high level, let alone the macro-funding conditions that are already abundant. Even if the funding situation is not abundant, under the extreme money-making effect of the market, everyone will Even if there are no conditions, you have to create conditions.”

“Indeed, with the ultimate money-making effect, no one can resist the temptation of huge profits.”

"It's time for a surge. Our Big A's overall market valuation is originally the most underestimated in the global market, and it should be repaired."

"The first to be repaired, there is no doubt that the securities sector and the entire main line of 'big finance' will be repaired."

"The last bull market was led by the main line of 'big finance'. I remember that at that time, the major banks of 'Chinese Commercial Bank, Huajian Bank, Huanong Bank, and Huaguo Bank' had just gone public, and there were not many shares in circulation. , its valuation was directly raised to 20 times PE.”

"Haha, if these heavyweight financial stocks can really reach the valuation of the last bull market, there is still room for at least 4 or 5 times!"

"Isn't it true that the current valuation level of the four major banks is only 5 or 6 times PE!"

"The basic situation of the banking industry is completely different from the previous bull market, right? I think it is still unrealistic for the current bank stocks to rise to the valuation level of the previous bull market. Let's say 20 times PE. Average, there are definitely opportunities in the current securities sector.”

"Yes, in fact, upon careful analysis, the fundamental situation of this round of securities sector is somewhat similar to the situation of the banking sector in the last bull market."

"If the focus of securities is 20 times PE, there won't be much room left!"

"There isn't much room, performance will grow. Securities sector, this year's performance growth... Under such an explosive market turnover, and compared with last year's low base, the average performance growth rate cannot be 5 or 6 times? Coupled with the severe underestimation of securities sector stocks by the market in the past, these stocks are basically below 10 times PE. Taken together, based on the skyrocketing performance and the increase in valuation, these securities stocks should start with 5. A 6-fold increase, and how much increase have these tickets made so far? There will definitely be huge room for growth in the future."

"Damn it, after such a calculation, it's really true. This is called a double blow to valuation and performance, right?"

"In the entire market, capital groups are concentrated on attacking the securities sector. There must be a clear logic. Hundreds of billions of funds are traded every day, and everyone is not a fool. If the expectations of the securities sector were not so strong, there would be It is impossible to get out of the extremely strong upward trend with no correction despite serious technical deviations and passivation.”

"Actually, securities are not the strongest in the current market situation. The trend of the 'Internet Finance' sector is really exaggerated."

"No way, the 'Internet Finance' sector is basically composed of small-market stocks, and the flexibility is indeed greater. And this entire sector is superimposed on the expectations and valuations of the 'mobile Internet' explosion. Valuation methods and valuation levels cannot be generalized to those of the securities sector.”

"Mainly, the expected performance elasticity of several major heavyweight stocks in the 'Internet Finance' sector is higher than that of traditional securities stocks. This has led to the continuous skyrocketing of stocks such as 'Flush, Great Wisdom, and Oriental Fortune' The increase has more than doubled, and it simply cannot stop.”

"Indeed, the trend is too explosive..."

“At the beginning of this month, investors who bought the two stocks ‘Flush and Great Wisdom’ were simply not happy.”

"There are actually a lot of similar stocks in the two cities. I feel that the trend of the 'sub-new stocks' sector is also explosive. Sub-new stocks with 10 daily limit and 15 daily limit are appearing in batches. The expected number of new stocks is estimated The value is also driven higher and higher by the market.”

“All these signs indicate that the market’s investment risk appetite is still rising rapidly!”

"It would be better if the investment risk appetite of the broad investor group increases, and we can continue to aggressively speculate, haha... It's really cool to have hit several daily limits recently."

"Indeed, the higher the market investment risk appetite, the easier it will be for us to make money and the easier it will be to speculate on individual stocks."

"Anyway, now is the best time to take on a short-term investment with just a little spark of good news."

"Haha, raise money and continue to increase your position. I didn't catch up with the last bull market, but I finally caught up this time."

"It's really time to show off your skills..."

With the rapid refresh of news in the group, and the excited discussions among many large hot money investors in the group.

The market trading time has quickly entered after 2:50, ushering in the last ten minutes before the closing.

I saw intense trading in the market.

The market situation at this moment is obviously much improved compared to half an hour ago.

Regardless of the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index, ChiNext Index, or the small and medium-sized index, the A50 Index and other related market core indexes, they are all maintained above the 80% increase mark. Among them, the A50 Index has returned to the 50% increase mark. Near the high point of the market.

As for the performance of the core main line areas of the market.

The industry sectors and concept sectors related to the two core main lines of 'big finance' and 'big infrastructure', as well as their respective core weight stocks and industry leading stocks, still maintain the trend of leading the gains in the two cities, but compared with other core main line components The siphoning effect of buying funds and the seesaw effect of stocks, as well as various 'tech growth' and 'small cap concept' mainline stocks, are no longer so serious.

Although the main line market prices in the two cities still maintain a clear sense of hierarchy.

However, the gap between strong and weak forms, and the gap between increases, has been greatly narrowed, and there is a trace of a general increase.