August 21, 2009 Source: Shanghai Securities News on: Tian Li as the stock market crash continuously, some of the market had long been abandoned not only wrong but absurd idea has found a market, and as early as the beginning of the existence on the stock market bubble of the argument the confidence of some people, this is understandable, but we can not tolerate wrong idea of the basic idea of the market shake!
Tian Li just half a month, the main stock index slid more than 500 points (up to decrease when more than 600 points) No wonder people are sad to say: It was not crash, simply collapsed. say this actually makes sense: a result of a continuous fall collapse of confidence, and confidence is the result of the collapse of a new round of fall, so leveraging each other, and in the The results on the stock from time to retreat is as big as you collapse. So it was suggested that stabilized the premise that investors must overcome fear, to re-establish confidence. To be honest, I did not expect so I can strengthen our confidence, but there is no right to ask others to continue to the next in such a situation full of confidence to verify all the only time.
stock market plunge shook investor confidence, this is not worthy of blame, because it is neither the fault of the market, is not the fault of investors, capital markets have been allowed in relation to mental fluctuations. However, some have been abandoned in the old concept of opportunity looked wrong, can not but arouse our high attention,cheap UGG boots, because at any time, the basic idea of the market can not be shaken .
errors in these old ideas, the first onto the scene is about virtual economy (mainly stocks) and real economy who is more valuable disputes. It is said that the virtual economy should not have developed so fast, the real creation of wealth can only be the real economy. Although this is the misconception that we criticize for many years, has long been discarded by most investors, but at the moment the stock market falling, investors suffered considerable portion of the case of actual loss, which types of errors seemed to have the market concept.
on whether the virtual economy to create wealth, we may wish to temporarily set aside, the first is that those who believe in In this view, the reason why the real economy to create wealth is created because the real economy is real substance, only the material wealth is the foundation. However, a little modern economic thinking person knows that the creation of material Only in the information revolution have driven may be more reasonable, and based on reasonable multiples exponentially increased, and the discovery and dissemination of economic information must rely on the stock market such as the virtual economy. abound in the financial innovation, information provides a multi-carrier, from various angles reflect the content of information; the rapidly changing financial transactions for investors to analyze and judge expression of the information provided, so that people gain from financial transactions in the market to judge on the economic situation. All of these have to avoid the loss of the value of that opportunity, is not the wealth you?
we found from the bond trading market expectations of inflation, from the warrant transactions that the market expectations of future volatility, the implied message can only be reflected through financial transactions, and once we are able to interpret this information from the market to determine accurately the future, we will know which projects should be developed, which items should not be, not only found in the real economy is not in itself understand the opportunities and pitfalls, but also through the right on whether the stock market bubble in early debates, this confusion of wealth, value and concept of economic model had already started to rise the error, some say, let flow into the stock market is actually the interference of the real economy, and turned to get development is necessarily impact the real economy the stock market. It is clear that this view ignores the virtual economy in the information load, create and disseminate the values, although some people you can meet the tastes of ignorance, but the concept of establishing the correct market is no timely . Nobel laureate in economics Morton. Miller had this hh and those who until today is pedantic to think that non-productive activities, financial activities, ideas to be just a replica of physiocrats.
old idea of the second error is actually not get a proposition on the table: The stock market is vampire. In this view, the primary function of the stock market is misappropriating, therefore,Bailey UGG boots, listed companies will try to come up with the bad assets packages listed, and the good assets reserved for their own use. originally I thought that many people hold this view for the cynical, do not want a TV guest economists recently, when asked the question,bailey UGG boots, the economist is a definite answer: of course,UGG shoes, is bad company is listed, if you dig a gold mine you have listed you?
not to mention the economists put it right or wrong, just from companies, where the basis for saying this? Not only that, in addition to gold, this world is not a listed company it? not all the world's top 500 listed companies? In fact, such statements had not worth refuting, but The more so superficial error, the more easily accepted outsiders, most recently the author specifically to a stock room, random survey of a dozen ordinary shareholders, the words of the economists who took the time to let them determine that the economists say people who have turned on 100%! the wrong things are not corrected, but also amazing it? need to specify what is the day the survey were mostly six or seven-year-old uncle aunt. But I also understand why so The economists, , the above two concepts is not only wrong but also absurd market had long been abandoned, not worth refuting, I believe most investors already know it. However, the continuous fall in the market, making these ridiculous things and find a market , which is more harmful than the lack of confidence in investors. the stock market storm destroyed the confidence of some people, this is understandable, but we can not tolerate wrong idea of destroying the basic concept of the market!
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