【摘 要】
：
尽管今年第四季度我国PPI增幅可能开始下行,并使得市场对货币政策紧缩力度变化的预期趋于适度放松。但鉴于市场对美国经济何时能够复苏、A股公司09年总体业绩增速等重大因素
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尽管今年第四季度我国PPI增幅可能开始下行,并使得市场对货币政策紧缩力度变化的预期趋于适度放松。但鉴于市场对美国经济何时能够复苏、A股公司09年总体业绩增速等重大因素预期依然欠明朗,我们认为9月份A股市场仍然可能延续中性偏弱运行格局,且市场结构性机会与结构性风险同时存在。
Although the fourth quarter of this year, China’s PPI growth may begin to decline, and make the market’s monetary policy tightening efforts expected to moderate changes tend to relax. However, given the market’s recovery of the U.S. economy, major factors such as the growth of A-share companies’ overall performance in 2009 are still not clear. We think the A-share market in September may still continue its weak performance pattern and the market will see a structural opportunity And structural risk exist at the same time.
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