What are the most accurate secrets of stock bargain-hunting in history?

"Joki" bull market wants to stock, and bear market wants to retreat. Maybe you didn't know how to stock in the bull market in 2006-07, and you didn't have a good reserve of "original funds" in the bull market of 14- 15, and you didn't catch up with the "fast lane of wealth". However, as long as you recuperate in the bear market and make a good reserve of grain and grass, you can share the "gluttonous feast" of the bull market with great probability when it comes ahead of schedule.

Everyone may have heard of a word: bargain hunting.

"Buy low and sell high" is always the essence of speculation or investment. Everyone wants to buy at the bottom of the market until it goes up, but most people don't fully understand the concept of "bottom"

Today, I want to share the "three bottoms of the stock market": policy bottom, valuation bottom and market bottom. Understanding the differences between them is very enlightening for deepening the internal operation law of the stock market.

Policy bottom: the trend of "national team"

"Saving the market" refers to a series of measures taken by the government to stabilize the stock price in the process of the stock market falling all the way. For example, we often hear about the "national team". When the market falls sharply, it often comes out to pull up and maintain the stability of the market.

National team: an important vane of market trend

In the market, the stocks of brokers, banks and insurance companies are called "national teams". But in fact, the most authentic "national teams" are Central Huijin Company, Social Security Fund and Insurance Fund, which are important indicators of market trends.

Central Huijin company

Central huijin mainly invests in key state-owned financial enterprises, including some banks, brokers and insurance companies. Huijin's shareholding will not change much unless it is a bear market in 2008, which is a signal that the government injects confidence into the market. Attention should be paid to analyzing the real purpose of Huijin's entry into the market. Huijin will definitely attract people's attention as soon as it moves.

Social insurance fund

Social security fund is a fund that can't lose money in the market and a model of long-term value investment. Moreover, the social security fund has a relatively accurate grasp of the general direction of the policy, and a large number of social security funds have entered the market, which indicates that policy opportunities in the market may come.

Insurance fund

Insurance funds belong to the "quasi-national team" and have information advantages, mainly for long-term value investment, which plays an important role in the stability of A shares. (Of course, the "barbarian" placard violates the requirements of insurance funds)

The trend of the "national team" can be understood from the changes of shareholders of listed companies, and the latest changes in social security and insurance positions can also be understood from the "institutional positions" column of websites such as Oriental Fortune.

Bottom of valuation: Value investors enter the market.

According to the principle of "price fluctuates around value", when the market falls sharply, there will be a certain safety space. At this time, value investors will enter the market one after another, such as social security funds, and their actions will play an important role in the turning point of the market trend.

To judge the "valuation bottom", the price-to-book ratio method is mainly used.

P/B ratio PB= share price/net assets per share, which measures the market price corresponding to each dollar of net assets.

It can be observed from the chart of P/B ratio of A shares over the years that when the P/B ratio of A shares in Shanghai stock market is below 2, it often means that A shares are at the bottom of valuation, while those above 5 are at the top of valuation, and the valuation of GEM is obviously higher than that of the broader market.

Bottom of the market: The real bottom is coming.

When judging the bottom area of the market, in this order:

(1) First, judge the approximate area of "valuation bottom" through the low area in the historical P/B ratio chart of A shares.

(2) Then, according to the attitude and actions of the government and regulatory authorities, such as protecting the market, judge the "policy bottom" area.

The "policy bottom" usually appears suddenly under the stimulus of major benefits. When the price rebounds rapidly, the time is short and it is difficult to participate.

(3) Finally, find the real bottom signal of the market through technical analysis and psychological analysis.

The "bottom of the market" usually shows the panic and accelerated decline of the stock index, and any favorable policy seems to be ineffective. The transaction volume is extremely low, and the amount of land keeps appearing. The bottom of the market takes a long time to build, and after being pulled up from the lowest point, it often lingers in the second lowest position for a long time.

The formation of market bottom needs the cooperation of many factors, mainly including: 1. Liquidity bottomed out, especially the growth rate of MI bottomed out; 2. The market panic reached its climax. Money and mood are not much different, this is the bottom of the market.

Many websites have analysis, of course, you can also go and make an appointment.