star wars the gold republic credits domestic macroeconomic policies is discretion - CFC

The 1th page: what about stock markets page 2nd: deposit rate cut 3rd page at the end of the consolidated stock market policy: second shock wave sword refers to 2,500 pages of blue-chip: reconstruction of the valuation system of under investment options or so what are the trend of the stock market-led forces since the first quarter of 2011, elements of affecting the stock market appearsA series of new changes, spin such as economic restructuring has become a consensus, pre-adjustable fine tuning of macro-policy, foreign exchange accounted for falling for several months rift plat, pensions and other long-term institutional investors considering the market and so on. 　　Stock market, key elements of change in particular exceeded expectations of change often brings with it the most valuable guide, deserves the attention of investors. Short termSee, changes in macroeconomic policy remains a dominant force for about stock market trends, and positive change. 　　Which is the key to the grasp of policy and on a marginal change. 2012 stability overrides everything, domestic macroeconomic policies is discretion, so macro-growth does not significantly down, CPI and 4% more than the time to look forward to big stimulus is tooReal. However, for some time to come, the macro data in at least two aspects of positive changes worth paying attention to: first quarter easing of liquidity than in the past, dislocation of the Spring Festival in January to substantially below historical levels of credit, the same reason would result in February credit significantly over historical levels. From the part of the Bank Exchange settlement grass-roots data, January is likely toSeveral months before the change of the Exchange falling tera power leveling, trends mobility improvement in the basic set up, help the stock market. II is the CPI began in February was expected to be more than a year fell back to 4% the following policy for the first time a desired interval star wars the gold republic credits, for transfer policy that will not only fine tuning release, and also created good opportunities for resource prices adjusted, which would have for related industry under certainWill. Seen from a longer cycle, changing market environment: Exchange easing liquidity will be gradually reduced in the future of sustainable growth, financial pressure, release pressure is further consumption the market's liquidity; Government spin for economic transition also will trigger an overall slowdown of the listed company's performance and differentiation, high yield bond issuance will also substantially increaseThe opportunity cost of equity investments, so as to have a new pressure on stock market valuation; pensions and other long-term investors into the stock market but also in the future will effectively change the structure of investors and investment preferences. Such changes in the medium and long term will also have a certain impact on investment behavior: while growth of investment will still be market, but value investing is getting more and more attention of growthInvestment opportunities in the, investors on growth quality and continued sexual of requirements will further improve, on company growth of "story" get rid of will is cast research personnel more important of work; investors risk offensive degree will improve, on performance growth fluctuations larger of industry or company will requirements more large of valuation discount; in growth potential and valuation of weigh in the, on valuation security marginal of attention degree will clear improve.