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以基础原材料为代表的投资驱动类股票在经济减速背景下突然下跌,令投资市场猝不及防,令我们不得不迅速调整思考的方位:究竟如何对依附于行业周期变动而大起大落的周期性公司,对依靠独占资源获取超额利润的资源类公司,对依赖政策特权独占市场的垄断性公司进行合理的估值?又如何剔除长期趋势中的短期波动因素,战略建仓真正意义上的具备持续成长前景的核心资产?可以说,此乃当下市场的一大焦点。
Investment-driven stocks, represented by basic raw materials, have suddenly dropped in the context of a slowdown in the economy, leaving the investment market unmanaged. As a result, we have to rapidly adjust our thinking direction: how to deal with cyclical companies that have fluctuated depending on the cyclical changes in the industry? How to remove the short-term fluctuations in the long-term trend, the real core assets of the strategic Jiancang with sustainable growth prospects? How to make a reasonable valuation of the monopolistic companies that rely on the monopolistic market with policy privilege? It can be said that this is a major focus of the current market.