如何把握市场的方向?

Understanding Market Direction

市场的趋势最终是忠于基本面的。根据本文的分析,出口不振、刚兑打破、银行惜贷、改革加速这四个基本因素的力度虽然或有弱化,但方向没有发生变化,因此,从基本面判断,牛市的大方向尚未逆转,但未来转向结构性牛市是大概率事件。

Stock market trends depend on economic fundamentals. The author of this article contends that the economy's fundamentals remain basically unchanged, and these include weak exports, tight liquidity in the banking system and a continuation of government policies that aim at economic reform. This means that the bull market should remain largely intact but with a greater probability of a bullish trend in certain sectors rather than the market overall.