But Bin first reviewed the judgment of the market in the past two years. "The meat grinder market in 2011" and "the market will be more cruel in 2012." were all confirmed.
Dan Bin’s confidence seems to come from the trend of U.S. stocks. Dan Bin said on his blog, “The Dow Jones Index closed at 13075.66 points on July 27, completely recovering the decline of the 2008 crisis and one step closer to the 2008 Dow Jones Index. The historical high of 14,198 points on October 11, 2007 before the 2007 crisis only has a range of 7.9%. If the Dow Jones breaks through 14,198 points and reaches a new high, it may mean the beginning of a new cycle of the US economy! ”
Dan Bin said that in five years, the United States seems to be on the verge of getting out of the crisis directed by itself, but we are still moving forward in misery. At this moment, the United States is still the engine of the world economy. After the overhaul is completed, maybe it is time for the United States to set sail again! Once the U.S. economy takes off, it should be of greater positive help to the Chinese economy.
But Bin further looked forward to the future market. He said that once a "rose bottom" is formed, perhaps we will have a trend similar to that of the Dow Jones Index after 1942. We are prepared to continue to select individual stocks, fully position through what we consider the "rose bottom", and welcome the long and short bull market that is about to begin and may last until around 2022. However, Bin also said that there will be no further fine-tuning of positions in July, hoping that our portfolio can survive this period of ups and downs and uncertainty in economic and social development.