The second round of ups and downs: 400-1536 -333. The Shanghai Composite Index set sail from a low of 400 points at the end of 1992, and began the second round of "ups and downs". This time, the surge came even more violently, rising from around 400 points to1February 993 1536.82 points (the Shanghai Composite Index stood above 1500 points for the first time). In just three months, the Shanghai Composite Index rose by 1 15. The stock index stood above 1500 for four days, then turned around and continued to fall. This time, there was basically no resistance, but the decline time was longer than the previous round, and it continued to fall 17 months. On July 29th, 1994, the Shanghai Composite Index fell to the lowest point of this round of market, closing at 333.92 points.
The third round of ups and downs: 333 points-1053 points -5 12 points. Due to the three policies to rescue the market, 1 August 19941started a new round of market. This bull market is more violent and shorter. In just over a month, the Shanghai Composite Index soared to the highest point in September 1994 1053, with an increase of 265,433. Then a longer bear market began. Until 199665438+1October19, the Shanghai Composite Index fell to the lowest point of 5 12.80. This round of decline took 16 months in total.
The fourth round of ups and downs: 5 12 points-15 10 points-1047 points. At the beginning of 1996, this big bull market was quietly launched in the disclosure of regular annual reports. The Shanghai Composite Index 1996 65438+ 10/9 started above 500 points. 1997 may 12 reached 15 10. In less than half a year, the market soared 1000 points, and the Shanghai Composite Index rose by nearly 300%. From the second half of 1997, the stock market began a two-year "adjustment" and fell to 1047 in May.
The fifth round of ups and downs: 1047 points-1756 points-136 1 point. 1999 "519" market blowout, in just one and a half months, the stock index rose by nearly 70%, and the Shanghai Composite Index rose to 1756 on June 30,1999. The first time I stepped on the historical "box top" at the foot of shareholders (1500 points). Then the stock market pulled back sharply. On June 4th, 2000, the Shanghai Composite Index reached 136 1.
The sixth round of ups and downs: 136 1 point -2245 points-1000 points. Stimulated by the sharp rise in European and American stock markets, the China stock market finally fought hard and finally rushed to the "highest point" of this round of market. On 2001June 14, the Shanghai Composite Index hit an all-time high of 2245 points. Since then, the real end of China bull market has been officially announced.
1October 22nd, 200 1, 10, the Shanghai Composite Index quickly fell to the sensitive point of 15 15. Is 1500 the "bottom" or "top" of China stock market? History seems to have played a big joke on American shareholders. It turns out that 1500 is still the "top box" of China stock market, and the "bottom box" is just a beautiful misunderstanding. Isn't it? Just after the China stock market stopped above 1500, she still returned to the historical "top of the box" of 1500, which seemed to make people feel more real, safer and more reliable.
On October 29th, 2002, the Shanghai Composite Index fell to 1339.2. On September 3, 2004, the Shanghai Composite Index fell to1259.43; On June 6, 2005, the Shanghai Composite Index fell below 1 1,000 points, with a minimum of 998.23 points. Compared with 2245 points on June 14, 2006, it dropped by 1247 points, which was very consistent with the 1000 points predicted by previous experts. This is a kind of technical retaliation, and it is also the "bitter fruit" of the last round of crazy bull market.
The seventh round of ups and downs: 1000 -3300-1500? In June 2005, the Shanghai Composite Index broke through 1 1,000 points, starting from 1 2,000 points in June 2006 and closing above 3,300 points on April 6, 2007. The historical high point in the past is far away, and the cumulative increase of the market has exceeded 230% in more than a year. This round of market rise should be regarded as the most violent in history. How far can the price-earnings ratio of 50 times go with this wave of market? We will wait and see. Of course, we will wait and see where the callback will be after this big market.