"Oh my God, the 9.2% increase is coming. The market will not hit the daily limit today, right?"

Seeing that Huaguo Petroleum hit the daily limit, all stocks that did not hit the daily limit in the entire market fell into a crazy rise, and some people exclaimed in shock.

"There is almost half an hour left to close, maybe it's really possible!"

"Is there such an exaggerated increase in the history of A-shares? The market is approaching the daily limit, with more than 600 stocks hitting the daily limit."

"I have had the experience of an index approaching the daily limit. Seven years ago, on October 23, 2001, the introduction of the state's "Interim Measures for the Management of Reducing Holdings of State-owned Stocks to Raise Social Security Funds" also stimulated the stock market, causing the Shanghai Composite Index to move upwards the daily limit. However, at that time, the stock market was small, and neither the trading volume nor the number of stocks hit the daily limit could be compared with today."

"I remember the market was also in a bear market at that time, right?" An old stock investor vaguely recalled.

"Yes, in May and June 2001, the Shanghai Composite Index hit a historical high of 2245, and then it was similar to now. It fell for more than four consecutive months, with a drop of more than 30%. Then at the end of October, it ushered in a brief rebound."

“History is amazingly similar.”

"What is the subsequent trend after that market hit the daily limit?"

An old stock investor who experienced the round of bull and bear in 2001 replied: "It rebounded for a short time, and then fell again. It fell for 4 years and ended until the Shanghai Composite Index's lowest point was 998 points."

"This time, it won't be..."

"No, this time it's different." Someone replied, "I have studied that the country did not pay attention to the stock market, and the system was very unsound, the market was full of chaos, and the market was full of stocks, and there was no real rescue policy. This time... the country's rescue efforts were very strong, and now the social security fund has been fully entered the market. After the stock reform, the stock market trading system, cracking down on insider trading and maliciously manipulating stock prices, was also very strong. I will never see the long bear market trend of the lifeless and continuous decline in the past."

"Actually, just look at the history of US stocks."

"They also surged and plummeted in the first years of the stock market development, with bulls short and bears long."

"But later, after the system was improved, with the constraints of stock index futures, the fluctuations became significantly smaller, turning into bulls and bears short, and adjustments were often done in one step."

"Now, the country attaches unprecedented importance to the stock market, and the news broadcast is also frequently reported."

"This shows that the country has treated the stock market as the core of financial construction."

"And, in the future, stock index futures will be introduced, the opening of the GEM, and the relaxation of foreign investment restrictions... all kinds of positive news will come one after another. I believe that the stock market will definitely not continue to fall. In the future... a long bull will be expected!"

"History and reality do have similarities, but every time, they will not be exactly the same."

"This time, the reduction of stamp duty is a country's attention and adoption of market calls. It is of great significance, and its impact on the stock market is far from being as simple as a daily limit."

"Yes, in a word, I hope the Shanghai Composite Index will return to 4,000 points."

"This wave, 4,000 points are probably not enough to be stopped. Today, the Shanghai Composite Index closed at the close of the market, which should be close to 3,500 points. It is only about 10% away from 4,000 points, and it will be recovered in half a month at the latest."

"It's useless to discuss the future, but it's more important to focus on the present."

"I have snatched three stocks and they have all hit the daily limit. Now the market buying is much greater than selling. The kingdom is to buy stocks with peace of mind to make money."

"Yes, just now, the stocks that hit the daily limit have approached 800."

"Small and medium-sized board indexes and Shenzhen indexes have already hovered near the daily limit. Depending on the situation, at the close, the stocks in the two markets will definitely break through 1,000."

"Thousands of stocks hit the daily limit. This is something that even 5,000 points or 6,000 points, and it has finally come true today."

"The market these days is really a fool who can make money by buying stocks, haha... I really dreamed of 5,000 points, 6,000 points, the bull market... it's really back."

"Yes, I bought at the bottom and increased my position at 3,000 points. Before I knew it, I had already made 25% of my position after buying at the bottom and holding it in the past few days."

"It's a pity that the main position is still above 4,500 points. If you want to get out of the trap, the index must be at least 4,000 points. However... Fortunately, the most desperate time has passed. I have a premonition that after the market has been adjusted, it will definitely hit a new high and I will definitely be able to make money."

The ultimate hot and exciting atmosphere continues throughout the entire online and offline stock discussion area.

After 2:50, the final stage.

The number of stocks with daily limit has been further expanded. Many so-called three-no marginal stocks that have no performance, no concept, and no positive expectations have also begun to be bought out under the strong spillover funds of the entire market, and they all rushed towards the daily limit.

In the atmosphere of a surge in the whole line.

Investors who were jealous of the market but had no positions on the market were obviously a little panicked and hungry during the ten minutes of the close, which led to a rapid progress in the scene of the ascension of the chickens and dogs.

After all, the market is soaring and the sentiment is so hot today.

The probability of the market continuing to open higher and rise tomorrow is extremely high, and those who enter the market today are likely to be able to make money.

Also... Faced with the market's momentum, many people are worried that the market will rise one after another, and will not give a chance to pull back, and there will be no relatively cheap chips to get.

Under this atmosphere, the market officially closed at 3 o'clock.

The Shanghai designated grid was at 3593.20 points, with an increase of 9.42%, which is only one step away from 3600 points and a 10% daily limit. Among them, the SME Index and Shenzhen Index rose by 9.7%. A total of 998 stocks in the two markets hit the daily limit. Although it failed to achieve the historical innovation of thousands of stocks hit the daily limit, it also created a historical record of the largest number of stocks hit the daily limit in a single day.

After the closing, the market discussion continued to be hot during the trading session.

Market investors are favored by the state’s rescue of the market, and the market hits the daily limit, and the passion and future expectations that are reversed in their hearts are like boiling water, which is not so easy to cool down.

‘Bentayee Capital’ Group, Ningzhou Branch.

After the closing of the two markets, Su Yue asked Chen Yuhe: "How many chips are there in the trading today?"

"Yesterday, with the abnormal movement of large funds, almost half of the chips that were buying at the bottom of the market were sold out." Chen Yuhe replied, "At present, the overall holdings of the three funds are about 40%, and the annual net value has exceeded 15%. Among them, the annual net value of the Bentayga No. 1 fund has exceeded 20% today."

Think about it about a week ago, the annual net value of the three funds was still in a loss state.

Now, all of them turned losses into profits and reached the 15% profit range, Chen Yuhe only felt like a dream.

In just one week, the market rebounded violently, rising more than 20%, and they also participated immediately, took the initiative, and made billions of profits.

"It's not bad!" Su Yue nodded slightly, "Surrently, continue to reduce positions at high prices. It is driven by good news and cannot change the fundamental trend of the market. It is 3800 to 4200 points, but the solid platform built by the previous bull market has accumulated countless chips. In addition, the external environment is continuing to deteriorate, and it is not so easy to pass."

"The volume burst too high today."

"Although the 3,500-point range of trapped chips has been loosened and some people have unconstrained, it has also consumed the largest incremental capital potential in the market."

"It is no longer possible to expand the subsequent volume."

"However, the trapped plate above is getting heavier and heavier, and the incremental funds are unable to continue to take over."

"The chairman means... the market will fall back to 3,000 points?" Chen Yuhe answered.

Su Yue smiled and said, "It's not that simple. The bottom of 3,000 points is not solid. Is it still a little bit more to say whether I can keep it in the future."

After a pause, Su Yue said again: "Restrictions on the reduction of holdings of large and small non-market..."

"The regulators have not issued specific rules in one day. I am afraid that when external conditions have not reversed, A-shares will not really bottom out."

"The regulators require big funds and big institutions to be political, rules and restrict them from selling, and that's fine."

"After all, state-owned assets, public funds and large institutions are under their supervision. In a word, they can tie up the hands and feet of these large funds and large institutions."

"However……"

"The major shareholders of these big and small non-compliances in listed companies who want to cash out desperately are not their direct supervision targets."

"Whether within the scope of the rules, people want to reduce their holdings and pass the risks to banks, securities and other financial institutions through pledges, there is no way to forcefully prevent them before real hard laws and regulations are introduced."

"In the past two years, the valuation of listed companies and the stock prices have been hyped up."

"The value of these shareholders, both small and small, has soared ten times or even dozens of times compared to the original shares they obtained at the time."

"In addition, the current economic situation is not good, the financial crisis is raging, and global funds are fleeing from the financial market."

"They have the opportunity to cash out and leave the scene, and there is no rule constraint. They will naturally escape desperately, wanting to maintain their wealth and not shrink their wealth."

"So, the market rebound..."

"I'm afraid it will not only not slow down the crazy reduction of holdings between these big and small non-stops, but will instead aggravate their actions."

"After all, the regulators have released the regulatory storm in this area, and the 'sub-loan storm' has begun to be involved in the country and spread to real estate. All of this... is equivalent to forcing them to cash out as soon as possible."

"The stock reform from 2005 to 2006, and the large number of new stock issuances after the restart of IPO."

"It has created the largest lifting of restricted shares in the history of A-shares, and will also create the largest trend of reducing holdings for large and small non-holdings, but at this time it encountered a global 'sub-prime mortgage crisis'."

"Stock reform creates a bull market, but it will also aggravate the process of a bear market."

"After a large number of investors are trapped, the market incremental funds are insufficient. Faced with the two sharp swords of capital withdrawal from the financial market and the crazy reduction of holdings of large and small non-governmental shares, before the fundamental problem is solved, no matter how the rescue measures are used, the dangerous bear market pattern cannot be reversed."

Su Yue clearly understood.

In the history of A-shares, the most tragic bear market, the cause of the formation of the financial crisis, and the external factors of the financial crisis, only account for a small part. The real root of the debt is to pay off the debt for the "economic reform" in previous years.

Of course, the stock reform is right.

It’s just that the regulators have not made timely responses and precautions for some ‘sequelae’.

Chen Yuhe was fascinated by the hearing, but her heart became more and more enlightened about the future market trend. She smiled and said, "Thank you, the Chairman, for resolving your doubts. After you said this, I have a lot of things that I don't understand in my heart, and instantly understand."

Su Yue laughed and said, "I am also a member of my own words. I am not necessarily correct with a subjective consciousness."

"What you said is right or wrong, and the market will verify it in the future." Chen Yuhe said with a smile, "I believe in your judgment and logic. This year, I don't want to make much money, but just don't fall into the market trap, and just lose money to the principal."

Su Yue nodded and was about to ask if there were any particularly outstanding traders in the fund trading department recently. At this time, Secretary An Keer suddenly walked in: "Chairman, Chairman Sun of the Working Capital, I want to invite you to attend an internal investment exchange meeting tonight, you can see..."

"What investment exchange meeting?" Su Yue frowned and was about to refuse.

Chen Yuhe smiled and replied for An Keer: "It should be an internal investment exchange meeting where celebrities from the financial circles in recent provinces gathered together to discuss. Mr. Sun Chengyun of Chenggong Capital Group has a good reputation and prestige in the domestic financial industry. He often organizes such exchange meetings to make connections, listen to your ideas, verify your thinking logic about the market, and then decide on investment strategies."

"Chairman, yesterday afternoon, major financial media connected, and you did not speak or express any opinions."

"The market has many speculations about the future trends and market views of our Bentayga Capital. You have a lot of influence on the domestic financial industry now."

"Sun Chengzong held this exchange meeting in Ningzhou."

"If you lack your big Buddha, your investment exchange meeting will be greatly reduced, so it is inevitable to invite you."

Su Yue laughed and said, "It seems that if I don't show up, these various invitations will be gone?"
To be continued...