Hesitant tone of the stock market and policy

 Hesitant tone of the stock market and policy
This article first appeared in the can continue to rise? monetary policy depends on the tone will not change. the stock market ups and downs of the drive has three levels: fundamentals, financial and emotional side surface, you can liken to the stock market In China, the driving of the horseman is the Government's policy, monetary policy and fiscal policy as horseman's reins and whip, as the stock market to control the Troika dream of wealth. in the current stock market basic trend is still the shock upstream. from business growth perspective, Annual Report-than-expected results have been confirmed,UGGs, one would-than-expected quarterly reports, quarterly reports are also expected to exceed the two expected, the stock market is still hesitant what?
policy tone adjustment will not consider the stock market sentiment, as the stock market is signs of overheating, is expected to be in the 11.5% growth rate of about 10% higher than previously expected. If we continue on the red,Discount UGG boots, four-month growth rate of 12% washed, policies have to adjust the tone of the central bank will start interest rates,bailey UGG boots, interest rates, plus interest. to raise interest rates once already in the stock market as expected, if the interest rates two or three times, capital and tight, emotional, cold surface, it will offset the earnings growth momentum.
why economic growth 12% of the speed of the policy may be red tone? According to my observation, there are four steps keynote policy: expansion of sound m m m loose tightening, growth, and policy tone interaction, the interaction was non-symmetry. In this stage, the growth rate of 8 % or less, the policy to expand the main tone; growth rate of 8-10% range, the main policy tone to relaxed; growth rate of 10-12% range, the policy tone for prudence; growth rate of 12% or more, the policy tone for the main constraints. The ratio of relationship is not absolute, but relative to a particular stage of development with reference to sex, which judgment, although the Government has repeatedly emphasized that appropriate monetary policy unchanged, in fact, has been fine-tuning operation, waiting diminishing the effectiveness of the stimulus,UGG shoes, so the growth is slowing in April to become the key to the adjustment of the policy tone. conclusion: there is overheating of macroeconomic policies has begun to fine-tune the tone of the stock market's horse in the running, equestrian whip pull reins received, so the limited upside.
into the shock upstream, the upside will be limited where blocked? last August, the stock market finished lower, stop back to 3478 points in the stock index tone, after eight months, the shock interval has been shrinking, the stock index have gained three thousand. in the second quarter, the impact of 3400 points the stock market will be repeated until an external force to the stock market broke through 3478 points Curse. The stock index 3100 points psychological . a!