First of all, we should learn from the market trends before and after the introduction of stock index futures in other countries. I excerpted the situation in some countries at that time. The general market walked for a period of time under the short-selling mechanism, and then returned to the economic and political environment at that time.
SENSEX Index of India (June 2000)
In the first half of the year, the underlying index maintained an upward trend, and fell in the short term after its launch, but the long-term trend improved.
Comprehensive index of Taiwan Province province (1998)
Launched in the bear market after the financial crisis in Southeast Asia, it pushed up before and then plunged.
KOSPI200 Index of Korea (1996 May)
The introduction of futures index in a bear market cannot change the long-term running trend of the market.
German DAX futures index (1990 1 1 month)
Launched in the bull market, the trend was strong one year before the launch and weakened one year after the launch, but it did not change the pattern of the stock market.
. 40th Index of French Securities Association (1988 1 1 month)
During the adjustment period after the start of the big bear market, the stock index rose after the long and short sides saw each other.
Nikkei 225 Index (65438+September 0986)
It was launched on the way to the bull market, and fell slightly after the launch, but the long-term trend has not changed.
Hang Seng Index Futures (65438+May 0986)
Launched in the bull market, the HSI broke a new high before the launch, adjusted for two months after the launch, and then rebounded.
Financial Times 100 Index (May 1984)
After the start, it rose slightly before the start, and adjusted briefly, followed by a bull market of 17.
Standard & Poor's 500 Index (65438+February 0982)
Push up before, then push down, but it is followed by a long-term bull market.
Secondly, we should seriously study China's basic national conditions and the world economic environment. I think China's securities market is still a new market. Although China has developed rapidly, speculation in the securities market still occupies a considerable position, the average P/E ratio, PE value and other indicators are still high, and the short-term correction is still reasonable. However, we clearly see that the super-large-cap stocks that determine the market trend are still running at the bottom, and there is not much room for their decline. Many of the 300 stocks corresponding to stock index futures are large-cap heavyweights. I don't believe that the stock index will plummet in the future.
Finally, I think the future investment speculation strategy should be: short-term equal money, or speculation-oriented, high-selling and low-sucking stocks and on-site funds, such as ETF closed-end and funds; The central line should be enlarged from small to large, and appropriate investment should be made, and it should not be operated in Man Cang. Long-term investment depends on the fundamentals of China, and I believe that China's securities market will definitely go into a bull market after a painful period.
The above views are for reference only!