Watch Your Pocketbook, The Slow Bull Market Has Begun

So says the headline at the Economic Observer. Yes, the fast bull is over, but the slow bull will begin now. Apparently the slide in Chinese shares is the government's way of killing the "Mad Cow" market, letting the bulls know that the government won't guarantee returns and that a slower bull market is wanted.

EO: 看好你的钱袋子A股开启慢牛模式

Professor of CASS, said Liu Yuhui, this decline has fully demonstrated that China's stock market regulation simpler than expected. First, the government no longer maintain a neutral mute expected abnormal "state Bull" before breaking formation, "government guarantees" of. Second, accurate positioning, restrictions on bank capital and market intermediation, in fact, suppress the market risk appetite that the strongest part of the speculators, the market rose to slowing down the slope. The adjustment is conducive to the formation of future sustainable health slow bull market.

Management's "face" seems to have been some subtle changes, the focus of government attention from the stock market began to tilt to the debt market. State Council executive meeting content June 10, the throughout all emphasize the proactive fiscal policy and loose monetary policy does not mention. This is a reflection - began last November, the first time China's central bank cut interest rates after two years of A shares ignition mad cow "Zhao Yin" it?

Minsheng Securities chief strategist Li Shaojun expected in off the water, strand, check the three illegal prescription conditioning, running track changes in the market will gradually emerge: mad cow turning into slow bull market shock increase, up speed slowed, but quickly get rid of mad cow gesture 5000 is not the probability, indeed Bie.

Yes, mad cow is not mad, play has changed, do not fight the gall bladder. Adjustments in the second half may be more V-shaped, then you probably need to learn how intensive.