Look at the buyer first. Due to the rebound of the index, in addition to increasing some active buying, more market buying will hang below, so the list of the next file will increase, because the willingness to chase high is generally lower than that of the next file. So in any case, even if the next order has a main list, there must be many market lists, so at least these market lists will be sold after the stock price plummets.

Look at the seller again. For the market, the rise of the index will undoubtedly raise the selling price in mind, so it is an inevitable choice to quietly hang to a higher price. There may be some firm selling orders, which will still be sold at the current price, but they will not try their best to smash them down. Therefore, there have been several huge selling orders, and all the orders have been smashed at multiple price points, which is an abnormal market selling order.

Since the beginning of this year, the Shanghai Composite Index has rebounded from 3,300 points to 3,600 points, with a rebound rate of nearly 400 points, among which the Growth Enterprise Market Index has also rebounded from 2,900 points to 3,400 points, with a rebound rate of nearly 600 points. Among them, the most important thing to promote this wave of market is large funds. They collectively warmed up and pulled up the index stocks, only increasing the index but not individual stocks. This has also led to the fact that many investors in the market have not made any money.

Because A shares are empty, the risks and bubbles of the current index are getting bigger and bigger.

1. Although many people recently reported that monetary policy will not be tightened in the near future, it also revealed that the market will not release water further, and the current market was originally a matter of tight liquidity near the Spring Festival. The current market continued to rebound at a high level, which eventually led to a sharp drop in the current market high. It is expected that monetary tightening will begin in the second quarter.

2. The stock has gone up and down. In fact, the Shanghai Composite Index rebounded from 2,600 points last year to 3,600 points at present, an increase of 30%. Although there was a break in the middle, it began to rebound gradually after the second half of the year, especially for stocks with large market capitalization. Many stocks with large market value have doubled in the second half of the year. This doubling market does not mean that the performance has doubled, just because the global water release is too large. Real estate was strictly controlled, resulting in nowhere for funds to go and concentrated return to the stock market, which led to a rebound from last year to this year. Then the market began to have a foot bubble, and then continued to issue new shares to digest passive buying funds, which eventually led to a shortage of market liquidity.

3. At present, the P/E ratio of the market is generally high, with the Shanghai Stock Exchange 17. 14 times, the Shenzhen Stock Exchange 35.96 times, the small and medium-sized board 37. 12 times and the Growth Enterprise Market 68.46 times. For this P/E ratio, A shares belong to a relatively high P/E ratio. The average P/E ratio of A shares in Shanghai Stock Exchange is generally around 13, which is one among A shares.