股价与价值观是"信则灵"的关系,当某种事件发生后,如果大部分持有股票的股民认为股价会跌,他们会不约而同地将股票抛出,从而真的导致股价的下跌；如果大部分握有资金的股 民认为股价仍有上升空间,他们会毫不犹豫地将资金投入,从而真的导致股价的上涨,使自己的预言得到证实。 在股市中,专家的预测往往会出错,成为股民的笑柄,在我国尤其是这样。这是因为专家的预测基本上都是非常理性和客观的,而股民中并没多少经济学家,他们有的甚至股票是什么都不懂,缺乏基本的金融知识。而股民价值观的扭曲将导致股价与实际价值的偏离。
The values of shareholders are the decisive factors that affect the rise and fall of stock prices. It is the key to understand the value of shareholders to gain substantial speculative returns on a stock market. The rise and fall of the stock price is determined by the import of funds, and the movement of funds is determined by the values of the shareholders. When an event occurs, regardless of whether it is actually good or bad, as long as investors hold most of the money that it is favorable to the stock price rise, they will put money to promote the stock prices; on the other hand, when holding the bulk of stock investors believe that a bad event occurs, regardless of whether it is in fact really if it is bad, or indeed whether the event has occurred, they will sell the stock, the withdrawal of funds, resulting in the stock price fell. This is the truth, for example, that there are some great rumors, and again, and again and again three in the top area of the stock price.
The price and value is "believe it", when a certain event occurs, if the majority of shares held by investors that the stock price will fall, they will invariably lead to really throw the stock, the stock price fell; if most of the investors that the stock price has the funds still have room to rise, they will not hesitate the funds, which really lead to price increases, so that their predictions are confirmed. In the stock market, experts' forecasts often make mistakes and become the laughingstock of the investors, especially in our country. This is because the prediction of experts is basically very rational and objective, and not many economists among investors. Some of them even don't know anything about stock and lack basic financial knowledge. The distortion of the value of the shareholders will lead to the deviation of the stock price from the actual value.
In a more mature foreign stock market, when the stock market returns and savings interest rates are basically the same, shareholders only enter the market to invest, which makes the stock market earnings ratio always remain at a level similar to that of the savings rate. For example, the market earnings ratio of the Hongkong stock market is about 13 times when the Hang Seng index reaches 12000. In other countries, the price earnings ratio is generally below 20 times. The interest rate of the bank deposit in China is more than the developed capitalism