From the beginning of the year 1996 to the end of February, there was a dramatic scene in the stock market of 65438+: the Shanghai Composite Index suddenly turned down after hitting a high of 1258.

The reason is that the People's Daily published an editorial asking everyone to guard against risks and announced: Re-set the price limit! As a result, the stock market appeared two consecutive daily limit boards.

This is not the daily limit of a stock, but the daily limit of the whole stock market. Many investors' profits are gone at once. In just two or three days, on Christmas Day, the market index fell to a stage low of 855 points.

At the beginning of the extended data 1997, the K-line chart of the stock market is a diagonal line with an angle of about 45 degrees. After the previous daily limit, the stock market rose steadily from the initial 855 points.

The highest point is 15 10, far exceeding the 1258 that People's Daily considers risky. From this point of view, the market has its inherent laws, and it is not a rule change that can change its driving force.

There is herd mentality in the stock market, which makes the stock market fluctuate violently. Only when someone does not follow the crowd and dares to move against the trend will the stock market volatility be reduced. Therefore, a certain degree of disobedience will help to establish a relatively stable stock market.

Everyone has to wait for the party to speak before they dare to act, which leads to the market falling and rising. The establishment of the price limit board will not eliminate this fluctuation.

People's Daily The People's Daily issued a document that caused two down limits. Shareholders say that stock trading should listen to the party.