129756355770468750_176Hong Beijing March 7 message according to the economic report in the closing comments on the voice of, Shun Tao Chun visit securities senior analyst program, closed this morning for comment. Today in Shanghai and Shenzhen is a Gap lower, and lower level is below the 20th averages, then gradually picked up, as of closing between the two cities. What this morningRun? Tao Chun: two sessions during Wen's report refers to the 2012 years GDP growth control in 7.5%, this last (6th) in overseas markets is clearly a negative interpretation, worries about a global economic recovery caused yesterday's market had a clear fall in Europe and America. While stock index futures contracts dropped yesterday contract positions riseGreater than, under the influence of the factors, we see today is a Gap in the market lower in early trading trends
diablo 3 power leveling, but the market overall kinetic energy is not sufficient for short, stock began a long rally. Basically since this week is actually a trend of adjustment, adjustment is the core factor of market expectations of macroeconomic and macro-policy began more thanThe more obvious differences. During the two sessions out of a GDP growth this year is 7.5%, macroeconomic performance and policies for the future of the market quite confused. GDP growth fell to 7.5%, first affected commodities and overseas markets
tera power leveling, these markets have seen an obvious trend of downward adjustments. Fall in GDP growth has also led to market fears, worriesFuture macroeconomic policy the casual may fall short of the market's expectations, now that the GDP is reduced, seemed to indicate it is not necessary to have a larger relax policy to stimulate the economy. These two factors make the market expectations of future policy appeared distinct differences, this is a major reason market adjustment. Market inherent reason why is it? Early last week the market 145 billion after the amount of days the market itself, there is an internal adjustment requirements, but only last week after 3 days of adjustment, with the expectations of two sessions on Friday, the market rose again. This shows the entire short-term changes is not fully, adjust so the first half of the week this week is actually a continuation of market adjustment last week. Now we have to consider two issues: first,Current adjustment is not a short-term adjustment; the second, have further increased the power of the market. I personally think the entire macro-policy fine-tuning based now in the first half was not changed. In February, after the Spring Festival, food prices gradually come down, CPI in the first half as a whole should all be in the downlink channel, which gives flexible macro-policy fine-tuning a possible and based.Another one actually January PPI has been close to zero, which means that future PPI there may be danger of negative growth. PPI represents the ex-factory price of industrial products, is actually represented an economic boom, that is if the macro continues downward, policy is also necessary for proper relaxation to stable economic growth. From thisTwo perspective, the market only in the short term for a digestive tract, from the medium-term, macro-policy in the last two or three months will not be much change
tera gold, remained a moderate pattern of fine tuning and relax. So there is still the basis of the market. From the main view, this round of market index is the main core of repair, mainly concentrated in the underestimated value of blue-chip stocks。 For now, valuation classes as resources in the process of repairing non-ferrous and coal, as well as some individual stock valuation of the property class repair in the early show full. Later, we are still optimistic about the market for a stage finish in the future, may also be a third wave of rising again. Members noted the rise is still low valuations is the core sector valuation of repair, future policies andMacroeconomic impact might make more medium-term of a market adjustment.
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