"A-Share Market Plunges Over 300 Points in Two Days"
The stock market plummets, and retail investors' emotions are like a roller coaster.
The stock market in 2024 has truly been a roller coaster ride! Just a few days ago, people were gleefully counting their small earnings, but in the blink of an eye, the market has plummeted, causing widespread panic. The Shanghai Composite Index plummeted from 3,674 points to below 3,300 points in just two days, with a drop of over 300 points, practically shattering the hearts of retail investors.
Lesson one for novice investors: The stock market does not believe in tears.
Think about those new investors who just opened their accounts, investing their hard-earned money with high hopes, only to be met with a sharp decline. This is essentially the first lesson the stock market teaches to novice "leeks"! Some might still be wondering: "I just got in and it's fallen like this, am I just too unlucky?" Don't worry, seasoned investors have all experienced this; it's called "entering the market at its peak."
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However, it must be said that this drop is indeed a bit frightening. More than 5,000 stocks fell across the market, with transaction volumes exceeding 2.9 trillion yuan. The ChiNext Index even fell by 10.59%, almost halving in value! Some investors might have started to question their life choices: "Did I choose the wrong way to manage my finances?"
The stock market carries risks; entering it requires caution.
In fact, this sharp decline is not without reason. The stock market had been rising too quickly, accumulating a significant amount of risk. As everyone knows, a tree cannot keep growing to the sky, and the same principle applies to the stock market. After a prolonged rise, it needs to take a breather and adjust.
Moreover, the market had high expectations for the incremental funds from new account openings. Everyone thought that new money coming in would push the stock market to continue rising, but the reality did not meet expectations. It's like inviting a great chef to cook, only to find out he can only make instant noodles; how can one not be disappointed?
Policy outcomes fall short of expectations, leaving investors feeling disheartened.
The meeting on October 8th did not meet expectations and also doused the market sentiment with cold water. Everyone was hoping for favorable policies to be introduced, but it seemed that the government's statements were not as exciting as anticipated. It's like looking forward to a long-awaited concert, only for the singer to perform a few old songs and then leave the stage; how can one not be disappointed?However, let's not be too pessimistic. It's heard that on October 12th, the Minister of Finance will come out to introduce the situation of increasing the counter-cyclical adjustment intensity of fiscal policy and promoting high-quality economic development. Does this mean there is still a turning point? Let's wait and see!
The stock market is like life, ups and downs are the norm
In the final analysis, the stock market is like life, with ups and downs being the norm. A drop today does not mean there won't be a rise tomorrow. The key is to adjust one's mentality and not be affected by short-term fluctuations in judgment.
There is a good saying: "Stock trading is like falling in love, if you see it right, you must persist, and do not give up because of temporary dissatisfaction." Of course, this is not to encourage everyone to hold blindly, but to remind us to view market fluctuations rationally.
Conclusion: The stock market is like this, and so is life
Faced with this stock market crash, do you have a lot of feelings? Do you feel that the stock market is like life, full of unknowns and challenges? You might as well share your thoughts in the comment area. Remember, in the stock market, everyone is the protagonist, and every decision can affect their own "plot" direction.
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