Bitcoin Forum
September 28, 2024, 10:44:22 AM
Welcome,
Guest
. Please
login
or
register
.
News
: Latest Bitcoin Core release:
27.1
[
Torrent
]
Home
Help
Search
Login
Register
More
Bitcoin Forum
>
Local
>
中文 (Chinese)
>
媒体
>
证监会隔空喊话预警什么风险
Pages: [
1
]
« previous topic
next topic »
Print
Author
Topic: 证监会隔空喊话预警什么风险 (Read 293 times)
healtheworld
(OP)
Hero Member
Offline
Activity: 490
Merit: 500
证监会隔空喊话预警什么风险
May 02, 2015, 02:04:01 AM
#1
别看股市中的主力在做什么,多看看基本面情况,这是中小投资者最该做的事。而证监会的态度,是一个重要的参考方面。
受证监会再度提示风险等因素影响,28日沪深股市双双回调。其中上证综指盘中创下7年新高后,尾盘失守4500点整数位,并录得1%以上的跌幅。与此同时,沪市单日成交再度突破万亿元。证监会的隔空喊话,在内容上与前次并无明显区别。主旨还是股市有风险,投资需谨慎。不同的是这次列出了一些琅琅上口的警示词条。很大程度上,只发出入市辅导般的风险提示而没有量化分析内容,说服不了狂热的投资者。但证监会也只能做到这一步。股市自有其运行规律,其价值发现、风险积聚、风险释放过程,应当主要靠市场自发秩序完成,而不是强力的行政干预。如此,股市才能找到平稳发展的可靠支点。
这并非是说证监会一发再发风险提示没有意义。事实上,风险提示本身表明的就是管理层对股市形势的判断,其发出的信息是,本轮牛市已积累了足够风险,盲目宣称“牛市不言顶”“空中加油”之类,无益于股市的长期发展。
看一下本轮行情,就可知道证监会的风险指导并非无据。目前,A股除沪深300外的2368只股票平均市盈率已达到近80倍,接近于历史最高点位6124点时的82.02倍。其中,创业板平均市盈率达到了近百倍,最高的动态市盈率达18万倍。即使说股市只有适度泡沫存在才有发展,这泡沫也未免太大。因此,多数股票可以说已抵达估值顶部。在顶部继续上攻,如果不是不理性,就是做局吸引后来投资者。
与其他板块比较,市盈率偏低的蓝筹股可能是当前最安全的价值洼地。这或许能够解释为什么27日一个央企合并传言,石化双雄就能涨停,28日金融股继续护盘。但也要看到,石化双雄的股市表现与其业绩严重背离,而金融股维护大盘指数的同时,也难免有掩护主力出逃的嫌疑。
当然,从股市孜孜以求的题材看,仍有不少“富矿”可以挖掘。比如进一步释放流动性的政策倾向、“一带一路”概念、改革题材等等。市盈率给投资者提供的是风险厌恶的理由,题材给投资者提供的是风险偏好的理由。这是股市宽幅震荡,出现明显分化的关键原因。在这样一个谨慎与乐观情绪并存,资金仍然充足并不断涌入的阶段,股市的拐点也没有形成,强势整理或是常态。
但是,最终股市需要基本面去考量。股指是否与宏观形势脱节,股价是否与企业盈利能力脱节,多层次的衍生品体系能否发挥出对冲风险的作用,决定股市今后的走势。
别看股市中的主力在做什么,多看看基本面情况,这是中小投资者最该做的事。而证监会的态度,是一个重要的参考方面。
Pages: [
1
]
Print
Bitcoin Forum
>
Local
>
中文 (Chinese)
>
媒体
>
证监会隔空喊话预警什么风险
« previous topic
next topic »
Jump to:
Please select a destination:
-----------------------------
Bitcoin
-----------------------------
=> Bitcoin Discussion
===> Legal
===> Press
===> Meetups
===> Important Announcements
=> Development & Technical Discussion
===> Wallet software
=====> Electrum
=====> Bitcoin Wallet for Android
=====> BitcoinJ
=====> Armory
=====> Mycelium
=====> Hardware wallets
=> Mining
===> Mining support
===> Pools
===> Mining software (miners)
===> Hardware
=====> Group buys
===> Mining speculation
=> Bitcoin Technical Support
=> Project Development
-----------------------------
Economy
-----------------------------
=> Economics
===> Speculation
=> Marketplace
===> Goods
=====> Computer hardware
=====> Digital goods
=======> Invites & Accounts
=====> Collectibles
===> Services
===> Currency exchange
===> Gambling
=====> Games and rounds
=====> Investor-based games
=====> Gambling discussion
===> Lending
=====> Long-term offers
===> Securities
===> Auctions
===> Service Announcements
=====> Micro Earnings
===> Service Discussion
=====> Web Wallets
=====> Exchanges
=> Trading Discussion
===> Scam Accusations
===> Reputation
-----------------------------
Other
-----------------------------
=> Meta
===> New forum software
===> Bitcoin Wiki
=> Politics & Society
=> Beginners & Help
=> Off-topic
=> Serious discussion
===> Ivory Tower
=> Archival
===> Корзина
===> CPU/GPU Bitcoin mining hardware
===> Chinese students
===> Obsolete (buying)
===> Obsolete (selling)
===> MultiBit
-----------------------------
Alternate cryptocurrencies
-----------------------------
=> Altcoin Discussion
=> Announcements (Altcoins)
===> Tokens (Altcoins)
=> Mining (Altcoins)
===> Pools (Altcoins)
=> Marketplace (Altcoins)
===> Service Announcements (Altcoins)
===> Service Discussion (Altcoins)
===> Bounties (Altcoins)
=> Speculation (Altcoins)
-----------------------------
Local
-----------------------------
=> العربية (Arabic)
===> العملات البديلة (Altcoins)
=====> النقاشات
===> إستفسارات و أسئلة المبتدئين
===> التعدين
===> النقاشات الأخرى
===> منصات التبادل
=> Bahasa Indonesia (Indonesian)
===> Marketplace (Bahasa Indonesia)
===> Mining (Bahasa Indonesia)
===> Altcoins (Bahasa Indonesia)
===> Trading dan Spekulasi
===> Ekonomi, Politik, dan Budaya
===> Topik Lainnya
=> Español (Spanish)
===> Mercado y Economía
=====> Servicios
=====> Trading y especulación
===> Hardware y Minería
===> Esquina Libre
===> Mercadillo
=====> Mexico
=====> Argentina
=====> España
=====> Centroamerica y Caribe
===> Primeros pasos y ayuda
===> Altcoins (criptomonedas alternativas)
=====> Minería de altcoins
=====> Servicios
=====> Tokens (Español)
=> 中文 (Chinese)
===> 跳蚤市场
===> 山寨币
===> 媒体
===> 挖矿
===> 离题万里
=> Hrvatski (Croatian)
===> Trgovina
===> Altcoins (Hrvatski)
=====> Announcements (Hrvatski)
===> Off-topic (Hrvatski)
=> Deutsch (German)
===> Anfänger und Hilfe
===> Mining (Deutsch)
===> Trading und Spekulation
===> Projektentwicklung
===> Off-Topic (Deutsch)
===> Treffen
===> Presse
===> Altcoins (Deutsch)
=====> Announcements (Deutsch)
===> Marktplatz
=====> Auktionen
=====> Suche
=====> Biete
=> Ελληνικά (Greek)
===> Αγορά
===> Mining Discussion (Ελληνικά)
===> Altcoins (Ελληνικά)
=====> Altcoin Announcements (Ελληνικά)
=====> Altcoin Mining (Ελληνικά)
=> עברית (Hebrew)
=> Français
===> Actualité et News
===> Débutants
===> Discussions générales et utilisation du Bitcoin
===> Mining et Hardware
===> Économie et spéculation
===> Place de marché
=====> Échanges
=====> Produits et services
=====> Petites annonces
===> Le Bitcoin et la loi
===> Wiki, documentation et traduction
===> Développement et technique
===> Vos sites et projets
===> Hors-sujet
===> Altcoins (Français)
=====> Annonces
=> India
===> Mining (India)
===> Marketplace (India)
===> Regional Languages (India)
===> Press & News from India
===> Alt Coins (India)
===> Buyer/ Seller Reputations (India)
===> Off-Topic (India)
=> Italiano (Italian)
===> Guide (Italiano)
===> Progetti
===> Discussioni avanzate e sviluppo
===> Trading, analisi e speculazione
===> Mercato
=====> Mercato valute
=====> Beni
=====> Servizi
=====> Esercizi commerciali
=====> Hardware/Mining (Italiano)
=====> Gambling (Italiano)
===> Accuse scam/truffe
===> Mining (Italiano)
===> Alt-Currencies (Italiano)
=====> Annunci
===> Raduni/Meeting (Italiano)
===> Crittografia e decentralizzazione
===> Off-Topic (Italiano)
=> 日本語 (Japanese)
===> アルトコイン
=> Nederlands (Dutch)
===> Markt
===> Gokken/lotterijen
===> Mining (Nederlands)
===> Beurzen
===> Alt Coins (Nederlands)
===> Off-topic (Nederlands)
===> Meetings (Nederlands)
=> Nigeria (Naija)
===> Politics and society (Naija)
===> Off-topic (Naija)
=> 한국어 (Korean)
===> 대체코인 Alt Coins (한국어)
=> Pilipinas
===> Altcoins (Pilipinas)
=====> Altcoin Announcements (Pilipinas)
===> Pamilihan
===> Others (Pilipinas)
=> Polski
===> Tablica ogłoszeń
===> Alternatywne kryptowaluty
=====> Nowe kryptowaluty i tokeny
=====> Tablica ogłoszeń (altcoiny)
=> Português (Portuguese)
===> Primeiros Passos (Iniciantes)
===> Economia & Mercado
===> Mineração em Geral
===> Desenvolvimento & Discussões Técnicas
===> Criptomoedas Alternativas
===> Brasil
===> Portugal
=> Русский (Russian)
===> Новички
===> Бизнес
=====> Барахолка
=====> Обменники
===> Идеи
===> Кодеры
===> Майнеры
===> Политика
===> Трейдеры
===> Альтернативные криптовалюты
=====> Токены
=====> Бayнти и aиpдpoпы
===> Хайпы
===> Работа
===> Разное
===> Oбcyждeниe Bitcoin
=====> Новости
=====> Юристы
=> Română (Romanian)
===> Anunturi importante
===> Offtopic
===> Market
=====> Discutii Servicii
===> Minerit
===> Tutoriale
===> Bine ai venit!
===> Presa
===> Altcoins (Monede Alternative)
=====> Anunturi Monede Alternative
=> Skandinavisk
=> Türkçe (Turkish)
===> Bitcoin Haberleri
===> Pazar Alanı
===> Madencilik
===> Ekonomi
===> Servisler
=====> Fonlar
===> Proje Geliştirme
===> Alternatif Kripto-Paralar
=====> Madencilik (Alternatif Kripto-Paralar)
=====> Duyurular (Alternatif Kripto-Paralar)
===> Konu Dışı
===> Yeni Başlayanlar & Yardım
===> Buluşmalar
=> Other languages/locations
Loading...