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受益于春节前后管理层释放出的多重利好信号,龙年伊始,海外对于中国经济硬着陆的担心有所减小,看空中国经济的悲观情绪较2011年也有很大缓解,全球市场对中国经济和股市显现出双重期待。然而,市场对于企业盈利情况恶化的忧虑有增无减。A股市场的拐点与经济拐点相吻合,由于对当前企业盈利预期悲观,经济尚未稳定,投资者期盼的股市一季度大幅度反弹的可能性几乎不存在。
Benefiting from the favorable signals released by management before and after the Spring Festival, the overseas worries about the hard landing of China have diminished. The pessimistic mood in watching the Chinese economy has also been greatly alleviated compared with that in 2011. The global market is not optimistic about the Chinese economy And the stock market showed double expectations. However, the market is worried about the deteriorating corporate profitability. The inflection point of the A-share market coincides with the economic inflection point. Due to the pessimistic expectations of the current corporate earnings and the unstable economy, there is almost no possibility that the stock market expected by investors will rebound sharply in the first quarter.