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Secondly, the change from "prudent" to "moderately loose" in previous years is a major change in the caliber of monetary policy. Moderate easing was last proposed in 2010, and our caliber in the past 14 years has been consistent and steady. No matter how radical the interest rate cuts and RRR cuts are, no matter how loose they look from the behavior, they just don't let go. This is the first change in 14 years, with emphasis on the first time.When the hesitant funds and investors exclaimed that the cow was coming, the big funds were lured to 3800, and then fell back to 3500 in January next year.When the hesitant funds and investors exclaimed that the cow was coming, the big funds were lured to 3800, and then fell back to 3500 in January next year.

Far more than expected, the bull market is slower.It is worth mentioning that I have always admired this science and technology innovation board and compared it with Beijiao 50. Now Beijiao has been continuously adjusted, and now there is no first board. The continuous freezing point is bound to be accompanied by a strong rebound. If there is a new cycle, it is still the first choice for flexibility, and then science and technology innovation board.What do you think of the so-called bull market of A shares?

And this passage also added the word "extraordinary countercyclical adjustment", which appeared for the first time in history! Note that this is also the first time, and supernormal means exceeding expectations!So what do you think of the day that exceeded expectations?This is beyond my expectation. Although I maintain the view that A shares are entering a bull market, my friends who have been watching it know that I am pessimistic.