1. In recent years, the reason why the A-share market has repeatedly fallen into the curse of 88% fund positions, analysts believe that the main reason is that when the fund positions reach about 88%, on the one hand, it means that there are few funds left in the fund, and it is insufficient to continue to do more ammunition; On the other hand, it also implies that funds are generally too optimistic, which means that the market is likely to cry with joy.

2. Under the current high position, in order to cope with the redemption and the large-scale dividend tide launched at the beginning of the year, funds often have to lighten their positions, and the cluster issuance of new funds will also have a blood-sucking effect on old funds to some extent.

3. Analysts believe that once the fund position reaches this critical line, the possibility of market decline or shock will greatly increase, and it is difficult for the stock market to have a bull market before the fund position is reduced to 80%.

4.88% of spells appeared, mainly because the point was relatively high at that time, or the market had been rising for a while, and there were more profitable discs; And most of the time, the varieties held by these funds are blue-chip stocks that fluctuate almost synchronously with the index. However, in recent years, the structure of fund positions has changed significantly, and the number of small-cap stocks has increased significantly. Blue-chip stocks are currently cheap, with limited gains and little room for decline.