今年初以来,国内股市一波三折,已没有了过往“逢春必涨”的惯例,大盘频频创出新低。已渡过了长达四年多熊市的中国证券市场还要跌下去吗?我们应以怎样的眼光看待目前的股市,未来路在何方、前景如何?从本期开始,本栏将持续从多个方位、多个角度试图以市场发展的模式,股市历史的规律作为分析基点,通过中西方股市的比较,以及股市固有循环的不变定律,对国内股市的现状及前景作出探索。分析结果显示,中国股市已步入极重要的转折时期,投资中股的时机已经成熟。 Since the beginning of this year, the domestic stock market has suffered a wave of twists and turns and no longer has the usual practice of “every spring is going up”. The broader market hit a new low frequently. Has the Chinese stock market, which has been through more than four years of bear market, fall yet? What should we look at the current stock market? Where is the future? Where is the future? From the beginning of this issue, This paper attempts to explore the status quo and prospects of the domestic stock market through the comparison of the stock markets in China and the West and the constant law of the stock market’s inherent cycle by taking the pattern of market development and the law of stock market history as the starting point. Analysis shows that the Chinese stock market has entered a very important turning point, the timing of investment in stocks has matured.