But in practice, how to judge the bull and bear market is the key, which can't be learned in books.
Bull market and bear market need to be judged from a macro perspective. Simply put, the global economy is rising, the bull market is coming, and vice versa. Among the bulls and bears in China, some bull markets are consistent with the rising stage of the economy, while others are not. The most typical is the big bear market from 200 1 to 2005, which is not synchronized with the economic rise. When the economy was good, the China stock market fell. Isn't this inconsistent with what I said at the beginning? In fact, from now on, the bull market in China will coincide with the rising stage of the economy. This is because with the development of stock market and fund industry in recent years, fund has become the biggest force in China stock market. As long as the fund buys as a whole, the bull market will come. The standard of continuing to buy funds is measured by economic indicators. Therefore, we have reason to believe that the next bull market will keep pace with the economic rise.
Ok, so when will the bull market come? This is our second concern. The current financial crisis and the financial storm of 1997 are the essential products of capitalism-capitalist surplus. The financial crisis occurs every 7- 10 years on average, so the next bull market will come in 5-7 years, that is, 20 12 years later.
thank you