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Who knew there were old investors in 1994? Think back to the hot scene of treasury bond futures.
Treasury futures are now making a comeback. Recalling the hot scene of 1994, I still remember it! In 1994, China's stock market was even worse than it is now, dropping from 800 points to more than 300 points, but in 1994, treasury bonds futures came out, and everyone went to speculate on treasury bonds futures! Later, 1995, the "327 incident" (that is, naked short selling went too far), the treasury bond futures closed. As a result, the stock market rose by 33% the next day, by 12% the third day, and by 5% on Monday after a weekend. Treasury futures, the old enemy of China stock market, is back now. It is estimated that the super bear market in 1994 will repeat itself!