Zhang Chen is a Chinese football player who currently plays for Chengdu Blades as a Goalkeeper.
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Quotes from the news wire:
The market will become more volatile as much of the policy expectation has been priced in, so if policies fail to excite investors, the market may fall again.
– Zhang Chen
Many of the investors I know bought stocks using margin financing, with little cash left in their accounts, recent slumps left them with no choice but to sell on margin calls.
Today's fall was more savage than we had expected. Investors were panicking, the market had gained so much previously, so I think there's an inherent need for a correction.
We're seeing higher risks in small-cap stocks, but many bluechip companies have attractive valuations. They may take up the baton and lead indexes higher.
This is no longer an individual case, but an industry-wide campaign, clearly, they got guidance from regulators, and this shows a change of government's attitude toward the margin trading business.
The timing of the rate cut is well within expectations while the depth of the cut is smaller than many had expected, the market is in a consolidation period, and I don't think the rate cut could change that pattern.
I suspect the brokerages are doing so under the guidance of regulators, so this reflects regulators' intentions, it gives an excuse for some investors to take profit.
After consecutive sessions of rises, fluctuations are very natural, the market is hot, but not yet too crazy. This is a big bull market and we're just mid-way.
Even if banks get brokerage licenses, contribution to their profit would be negligible, for their rally to be sustainable, you need to see a big reduction in systematic?? risks. But we have not seen clear signs that the economy has bottomed out.
The service sector has been relatively stable, but what investors are more concerned is the health of the industrial sector, we expect to see continued pattern of volatility as investors are looking for directions.
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"Zhang Chen Quotes." Quotes.net. STANDS4 LLC, 2020. Web. 26 Nov. 2020. <https://www.quotes.net/authors/Zhang+Chen+Quotes>.