论文部分内容阅读
股市是国民经济晴雨表? 由于5月19日行情发动前的1—5月份宏观经济并没有多大的亮色,如物价下降、出口略微上涨等等,很多投资者对这波行情的产生背景了解不足。即使看了《人民日报》特约评论员文章仍觉不踏实,股价越高心里更觉没底。 证券专家陶春生对此分析说,股市与宏观经济不是简单的表现和被表现关系,在对市场作分析与评价时,不少人甚至包括一些著名经济学家都抱定“股市是国民经济晴雨表”这一经典教义,而不展开深入的实证研究,因此眼界大受局限。现代经济的发展已使很多传统的经济学教义被扬弃,所谓“晴雨表”一说能否成立也日益面临着挑战:第一,我国股市和成熟市场有很大不同,其上市公司仅包括少数行业的支柱企业,大量的主流企业尚在圈外,因而股市远不是一面镜子,反映着宏
As the stock market is a barometer of the national economy? May 19 market before the start of January-May macroeconomic and not much bright colors, such as falling prices, exports rose slightly, etc., many investors on the background of the wave of insufficient understanding . Even read the “People’s Daily” special commentator articles still feel pragmatic, the higher the price of my heart feel more bottomless. Securities expert Tao Chunsheng analyzed that the stock market and macroeconomic performance is not a simple expression of the performance of the market for analysis and evaluation, many people even including some well-known economists have embraced the “stock market is the barometer of the national economy Table ”this classic doctrine, without conducting in-depth empirical research, so greatly limited vision. The development of the modern economy has led to the rejection of many traditional economics doctrines. The so-called “barometer” said that the establishment of a “barometer” is also increasingly challenged. First, the stock market in our country is quite different from the mature market, and its listed companies include only a few Industry pillar enterprises, a large number of mainstream enterprises are still outside the circle, so the stock market is far from a mirror, reflecting the macro