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目前市场的风格表现与“5·30”前的市场风格表现极为相似。小盘股表现要好于大盘股;高市盈率、低价、微利以及亏损股遭到市场的热炒;绩优以及低市盈率的股票被市场主力冷落;蓝筹股对中小盘存在较大估值折价……目前基金重仓股与“5·30”期间也较为相似,“5·30”期间基金始终重仓大盘蓝筹股,基本错过了之前的小盘股行情;09年的一季度,市场上涨的主力仍然是小盘股,大盘股相比而言涨幅不大,然而基金的行为却出现了一些微妙的变化……虽然两个时间点上市场风格以及基金行为存在着相似之处,但是两个时间点上的宏观经济背景以及市场结构存在着明显的不同。“5·30”前垃圾股的热炒是市场过热之后的表现,而目前垃圾股的热炒是流动性过剩造成的市场底部反弹……目前蓝筹股相对于全部A股的估值折价已经接近于“5·30”前的水平,但是目前市场能否像“5·30”后那样顺利地切换到大盘蓝筹的关键仍然是宏观经济面的改善,这样上涨才会建立在坚强的基础之上,否则炒作之后终将“尘是尘,土是土”……
The current market style performance and “5.30 ” before the market style performance is very similar. Small-cap stocks performed better than large-cap stocks; high price-earnings ratio, low price, meager profit and loss stocks have been the market’s stir; blue chip stocks with low earnings and the market was the main neglect; Fund Awkwardness and “5.30 ” period is also more similar, “5.30 ” period the fund has always heavily traded blue-chip market, basically missed the previous small-cap stocks; the first quarter of 2009, the main market rose Still small cap stocks, large cap stocks rose relatively little, but the fund’s behavior has shown some subtle changes ... Although the two time points on the market style and behavior of the fund there are similarities, but two time There is a clear difference between the macroeconomic background and the market structure. “5.30 ” before the junk stocks stir is the performance of the market after the overheated, while the current junk stocks stir is caused by excess liquidity at the bottom of the market rebound ... Blue chips relative to the valuation of all A shares discount is close to “5 ” 30 “before the level, but the current market as to ” 5.30 “after the smooth switch to the blue chip as the key is still the macroeconomic improvement, so that the rise will be built on the strong Based on, or after the hype eventually ”dust is dust, earth is soil " ...