The investment era of rebirth

"Thank you, teacher, I learned it!" Li Meng chuckled.

Su Yu was stunned when he saw her suddenly become gentle and charming, and said with a smile: "If you say that, our generations will be in chaos."

"What does the teacher in study have to do with seniority?" Li Meng asked doubtfully.

"Okay!" Su Yu paused for a while, not knowing how to answer the question. After thinking for a while, he changed the subject and said, "The 1 billion loan we applied for from Huashang Bank has been paid down today.

In the future, we can almost start to acquire all the shares of 'Anzhao Fund' held by Oriental Group."

"So fast?" Li Meng was a little surprised.

Su Yu smiled and said: "It's indeed faster than I thought. With this 1 billion supplementary fund, our company can be free to expand its business for the time being."

"Yes!" Li Meng nodded, "If we can successfully acquire the 'Anzhao Fund' company, our company's asset management scale should be able to reach a higher level. In fact... if our judgment on the market is correct.

, it is certain that the 'bull market' is just around the corner, then I think we can also radically apply for another fund product, raise funds publicly, and gather a group of funds to enter the market."

Su Yu thought for a while and said: "It's not yet time to issue the new fund."

"Not yet?" Li Meng asked.

"Well!" Su Yu nodded and said, "First of all, the overall breakthrough trend of the market has not yet emerged, and the market investment sentiment and investment confidence have not yet changed from quantitative to qualitative changes; secondly, the trading skills our company currently cultivates

There are not enough staff, and we need to step up recruitment and train a group of trading talents; finally, our company’s current main fund products have not yet announced their results and disclosed fund positions to further stimulate investor sentiment and build momentum for the issuance of new funds.

time, so...that’s why I said it’s not the time yet.”

"But from what you mean, you probably already have the idea of ​​issuing a new fund, right?" Li Meng continued to ask.

Su Yu responded with a smile: "This is natural. The 'bull market' is just around the corner, and our company is already on the cusp of the market. At this time, why not take advantage of the investors' trust in us and maximize our

The company’s asset management scale, isn’t that a pity?”

"If a new fund is launched, how much capital do you think we can raise this time?" Li Meng asked, "And, after raising the funds, what will be the layout next...?"

Su Yu responded: "It is currently impossible to predict how much funds can be raised, but it should be far more than 10 billion. As for the follow-up layout..."

Su Yu smiled, looked at Li Meng and asked, "Where do you think our next investment direction should be?"

Li Mengmeng thought for a while and responded: "According to our previous expectations and the macro changes we discussed before, if there is a 'bull market', the main line of investment that cannot be ignored first must be the 'big finance' field, and

…Didn’t you say before that after the Federal Reserve eases the pace of raising interest rates, our domestic central bank may lower interest rates and lower reserve requirements? If it can lower interest rates and lower reserve requirements, then the stimulus to the main line of ‘big finance’ will be even more intense.

.”

"but……"

Li Meng paused and then said: "The current main line of market conditions still revolves around 'infrastructure' and 'military industry', and various active funds in the market have already tapped into the 'Eurasian Economic Belt'.

'On the Road to the New Era, the Maritime Silk Road' and 'Reform and Reorganization of Central and State-owned Enterprises' are mainly hype themes, which further enhance the future expectations of the two main investment lines of 'infrastructure' and 'military industry'."

"As this future expectation gradually deepens and the trend evolves, it becomes stronger and stronger."

"The two core lines of 'infrastructure' and 'military industry' should continue for a long time, right?"

"With our current positions in these two core main areas, I'm thinking...if we make a large-scale adjustment of positions into the 'big financial' field at a relatively high level, I'm afraid it will have a big impact on the market.

, could derail the market’s upward trend.”

"At the same time, when we choose an opportunity, we must give up an opportunity."

“Comparing the main line of ‘big finance’, which has potential expectations for the market outlook, I am still unable to determine which of the two main lines of ‘infrastructure’ and ‘military industry’, and the main line of ‘big finance’, will have a greater market space in the future?”

Su Yu said with a smile: "The trends of the two main lines of 'infrastructure' and 'military industry' and the trend of 'big finance' cannot be consistent. It is very likely that 'big finance' will riot."

At that time, 'infrastructure' and 'military industry' fell into a short-term adjustment stage."

"In fact, based on past market historical performance..."

"Even in the bull market stage, the rise of all stocks in the entire market will not be synchronized."

"If the next market really develops according to the expectations we discussed before, then we will have enough time to finish the two main lines of 'infrastructure' and 'military industry' before turning to the direction of 'big finance'."

"In terms of current market changes, the future expected logic of the two main lines of 'infrastructure' and 'military industry', as well as the core speculation logic, have been unearthed by active funds from all walks of life in the market, and speculation expectations are also increasing with the

The stock price is rising and is in the stage of gradual realization.”

"On the other hand, looking at the core main line of the market, 'big finance,' the current investment logic is not very clear."

"The investment logic of 'big finance' has to be realized as the Shanghai Stock Exchange Index continues to break upward, the market's quantitative energy has changed from qualitative changes to quantitative changes, the market's investment sentiment and investment confidence have significantly changed, and the vast number of investors both on and off the market have gradually gained confidence.

With the expectation of a 'bull market', the investment logic of the 'big finance' line will gradually become clear."

"And we need to make the line of 'big finance' have the strong explosive power expected in the future."

"You have to have this expectation that the central bank will continue to release liquidity when the main funds of all parties are getting stronger and stronger in the 'bull market' expectations."

“Only when these two conditions resonate, can the ‘big finance’ line be possible.”

"However, the current expectations of these two conditions have not been clearly demonstrated at all."

"So, in the current market, the line of 'big finance' is so weak, and when big funds from all walks of life entered the market to increase their positions, they did not pay attention to this main line area."

"Therefore, before these two major expected conditions mature, we have enough time to make arrangements after completing the two main lines of 'infrastructure' and 'military industry'."

"Okay!" Li Meng nodded, "In that case, let's deal with the current market situation first, and then talk about the future!"

Although according to the previous discussion between the two men, the market has indeed possessed the most important conditions and genes for a 'bull market', but whether the market can finally make a substantial breakthrough and get out of the bull market trend still requires the joint efforts of all parties' funds.

, for actual verification.

Of course, no matter what...

The two core main lines of 'infrastructure' and 'military industry' have already produced money-making effects, and the main funds of all parties in the market have fully tapped into the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'State-owned Enterprises'

In the context of these core concepts such as the reform and reorganization of state-owned enterprises, the market outlook, investment sentiment, and investment confidence responses are unlikely to be worse than in the first half of the year.

After the two discussed the market conditions and other trivial topics, they each went back to the bedroom to sleep.

After that, the US stock market opened for trading and continued to maintain its adjustment trend. At the same time, a number of core technology stocks that had been supporting the upward trend of the US stock 'Nasdaq Index' experienced a violent intraday diving trend in the second half of the trading period of the US stock market, resulting in

When U.S. stocks closed, several major indexes closed down across the board.

and are affected by the trend of U.S. stocks.

The next day, the entire Asia-Pacific stock market, which opened earlier than the A-share market, opened significantly lower.

At the same time, affected by the continuous adjustment and continued decline of the external stock market, as well as the collapse of the previously expected good mainline investment logic of 'technological growth' investment, the pre-market investment sentiment of the entire market, compared with yesterday's after-market and evening, showed a

A clear downward trend.

"The external market has been adjusted for three consecutive days. Can our big A maintain an independent trend today?"

Before the market opened, around 8:50, a group of retail investors gathered in an online stock investment forum, and someone raised a question in the topic discussion.

"I'm afraid it's going to be difficult! The index has been strong for two days, and there is a high probability that it will be adjusted accordingly today."

"The two main lines of 'infrastructure' and 'military industry', as well as the popular stocks in the core conceptual themes of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises', as well as

There should still be no big problem with the trend of core concept stocks today. The key is the line of 'technological growth'. In the external market, stocks in the 'technological growth' category have fallen sharply in recent days. Let's

There is a high probability that stocks like Big A will make up for their losses."

"Making up for the drop? You're not mistaken. I feel like we need to adjust the 'Technology Growth' line first. Look at the 'LeTV' check. It has fallen by three limits."

"Even though 'LeTV' has already hit the limit three times, it is still ridiculously expensive compared to future expectations."

"Not only is the valuation of the 'LeTV' check ridiculously expensive, but also compared to the two main lines of infrastructure' and 'military industry', as well as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', 'Central-owned Enterprises and State-owned Enterprises'

"Reform and restructuring' are popular stocks in the direction of these core concepts, as well as core concept stocks, and stocks in the entire 'technological growth' main line area, none of them have a reasonable valuation."

"At this current position, after the investment logic of 'LeTV' collapses, the stock price will be cut in half sooner or later."

"It's easier to cut off the waist, but cut off the feet naked!"

"Anyway, at the moment, the best strategy is to avoid stocks in the 'technology growth' category."

"If the two main lines of infrastructure and military industry, as well as the core conceptual themes of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road' and 'Reform and Reorganization of Central and State-owned Enterprises', can be sustained,

I feel like there won’t be any room for downward adjustment in the index!”

"The key is whether you can hold on?"

"These popular main lines, the current core stocks, are actually not too high in position, and I feel they can hold up."

"Let's see how the market's leading concept stocks, such as 'Chengfei Technology', 'Yinkou Port', 'Fushun Special Steel', and 'LeTV' will fare after the market opens. If the money-making effect of these popular leading stocks is still not good,

Bad, then there is actually nothing to worry about in today’s market.”

"It makes sense, Chunjiang Plumbing Duck Prophet, the hot money in the market is definitely the smartest and most sensitive financial group in the market. Their trading direction can determine the trend of the market to a certain extent.

"

"Firmly optimistic about the two main lines of infrastructure' and 'military industry', as well as the core conceptual themes of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central and State-owned Enterprises', only these main lines

Only when the direction of the market is alive will the entire market have the power to continue upward."

"I agree, at this time...there is really no need to be too pessimistic."

"Not only do we not need to be too pessimistic, but we should be optimistic. Many people directly benchmark our A-shares against U.S. stocks and directly compare them with the trend of U.S. stocks, but they have never thought about whether the current valuation level and index position of our A-shares are comparable to those of U.S. stocks.

Completely different forms. Big A has been in the bear market for almost six years, and now it is showing the characteristics of bottoming out, while the US stock market has been bullish for six years and is at a relatively high level. It is normal for the US stock market to correct and digest valuations.

It is natural for our Big A to get rid of the U.S. stock market and develop an independent trend. Let me say...the two markets are simply incomparable."

"Haha, it's true. Anyone who compares the two markets consistently is either stupid or bad."

"However, the trend of the US stock market has a huge impact on the trend of our big A, as well as the suppression of valuations in the same sector. At least no matter which aspect is analyzed, today's 'technology growth' line clearly cannot see a rebound in the market.

hope."

"At this time, whoever buys stocks in the 'technological growth' category must be chasing 'infrastructure' and 'military industry'!"

"Following the market's popular main lines, although it may catch up with the quilt cover, the money-losing effect is still much smaller compared to the weak main line areas."

“It is actually the safest to buy stocks that Mr. Su’s ‘Fortune Road’ has bought in the past and that are still held.”

"Yes, yes, these are golden words."

"Haha, I have long been chasing the corresponding core stocks of Mr. Su's 'Fortune Road' in the main fields of 'infrastructure' and 'military industry'. If you ask me...at this time, as long as Mr. Su's 'Fortune Road' does not sell it publicly

, the index fluctuates casually, there is absolutely no need to be afraid.”

The majority of retail investors are discussing fiercely...

Unconsciously, the market time has moved to 9:15.

The stagnant markets in the two cities began to beat again under the watchful eye of numerous investor groups. Nearly 2,000 stocks participating in transactions in the two cities all ushered in call auctions.

9:16, 9:17, 9:18...

When the initial collective bidding time is reached, it advances minute by minute.

When 9:20 arrived, the market entered the real call auction session. After a large number of false orders were canceled at 9:19, the situation presented by the market was significantly worse than what most investors had expected before the market opened.

Become more powerful.

"'Chengfei Technology' actually opened at the daily limit."

At 9:21, in the main internal fund trading room of Yuhang and Yuhang Investment Company, Wang Can was sitting at his desk, staring closely at the changes in market trends. His eyes were obviously a little surprised, and he turned to Su Yu, who was standing aside.

Asked: "Boss, why does this check seem to be more connected, the market trend pattern, and expectations are getting stronger and stronger. This is the fourth board, and there is not a lot of short-term profit-making funds for extreme selling."

(End of chapter)