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5月19日以来,中国股市发动了一轮前所未有的“井喷”式行情,虽然自7月1日以来出现了深幅回调,但是可以很肯定地断言:这仅仅是市场自身的一种技术性调整。因为基本面(包括政策面和经济面)并没有发生什么重大变化,因此,认为此轮牛市行情将告一段落的思想既是轻浮的,也是幼稚的,至少说明这部分人对本轮行情启动的特点及性质缺乏深刻认识,从根本上说是对中央的政策缺乏深刻的领会。 一、本轮股市的特点及性质 从表面上看,本轮股市是由于政策面的各种利好刺激而产生的一轮大行情,带有明显的政府干预的特点,但实际上却蕴含着深刻的政治内涵和宏观经济底蕴。
Since 19 May, the Chinese stock market has launched an unprecedented “blowout” market. Although a deep correction has taken place since July 1, it can be affirmed that this is merely a technical adjustment of the market itself . Because fundamentals (including the policy side and economic side) did not happen any major changes, therefore, think this round of bull market will come to an end the idea of both frivolous, but also naive, at least shows that some people on the characteristics of the start of the current market And the lack of a profound understanding of their nature, basically lacked a deep understanding of the Central Government’s policies. First, the characteristics and nature of the current stock market On the surface, the current round of stock market is due to various positive stimulus policies face a large market, with obvious characteristics of government intervention, but in fact it contains a profound The political connotation and macroeconomic heritage.