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撇开此轮牛市的合理性多少不谈,和1994～1996年,1999～2001年两次股市大热相比,散户投资者的炒作手法鲜有进步,而涉及人数、资金面则成倍放大,快钱心态亦更加膨胀。散户前赴后继,资金如泉涌入,题材此起彼伏,消息漫天飞舞,信心一路爆棚。无论此轮牛市如何收尾,人们都不会忘记这个提前到来的夏天的股市高温。普通意义上的警示风险和所谓的投资者教育,能在多大程度上令人们清醒。高处不胜寒的股市能否和如何软着陆。“股市有风险,投资须谨慎”。但对于那些已将“棺材本”钱投到股市上的弱势群体来说,“风险自负”是不是一个过于“奢侈”的选择。5月15日股市的大幅下挫,是恢复理性的起点,还是进一步冲高前的调整?这些问题正拷问着市场各方。
Putting aside the reasonableness of this round of bull market, we can see that compared with the two hot markets in 1994-1996 and 1999-2001, there have been few improvements in the speculation practices of retail investors, while the number of people involved and the size of funds have doubled. Fast money mentality also more inflated. Retail investors going forward, capital influx of springs, the subject matter one after another, the news skyrocketed, the confidence burst. No matter how the closing bull market this round, people will not forget this early arrival of the stock market in summer heat. The extent to which alerting risks in the ordinary sense and so-called investor education can awaken people. Whether the ups and downs of the stock market and how soft landing. “The stock market is risky and investment must be cautious.” But for those who have “coffin” the money to the stock market vulnerable, “risk conceit” is not an “extravagant” option. On May 15, the sharp fall in the stock market is the starting point for the restoration of rationality or is it a further adjustment before the highs go? These problems are now torturing all parties in the market.