关于这次股灾,我想从历史和制度的角度做个分析。一个月内上证综指即跌了35%,创业板跌了42%,多天出现千股跌停的流动性枯竭情景——这场股灾以及政府救市行动的影响很大,在全球引起极大关注。投资者信心受到极大打击,其不仅仅在于股票市场大幅度下挫,更多在于政府的无所适从和反市场的行政干预。大家对市场的评价一般是投机性非常强,人人都追求快钱,特别会批评散户的非理性和投机性,认为由于85% With regard to this stock market crash, I would like to make an analysis from the perspective of history and system. Within one month, the Shanghai Composite Index fell 35%, the GEM fell 42%, thousands of days more than a liquidity drying up scene - the stock market crash and the government rescue operation has a great impact on the world aroused great concern . Investor confidence has been hit hard not only by a sharp drop in the stock market, but by the government’s loss of control and anti-market administrative intervention. Everyone’s assessment of the market is generally very speculative, everyone pursues fast money, in particular, will criticize the non-rational retail and speculative, that as 85%