摘要：It’s very palpable that the market atmosphere was euphoric over the past three trading sessions because the overwhelming majority

It’s very palpable that the market atmosphere was euphoric over the past three trading sessions because the overwhelming majority of the impenitent stouthearted financial consumers made a chunk of money after ending an eight-day Lunar New Year holiday. Indeed, all three major stock indexes were in the green this week, with the benchmark Shanghai Composite Index jumping 1.63%, the Shenzhen Component Index climbing 4.13% and the tech-focused ChiNext Index swelling 5.36%. In the meantime, the Shenzhen Component Index and the tech-focused ChiNext Index both traded above their 5-day moving averages, underscoring the two indexes remained relatively strong in the backdrop of market rout. Therefore, a small percentage of impetuous retail investors have been ruminating on whether the remarkable resurgence was the incipient stage of bull market. In theory, there’s still hope for the previously beleaguered domestic stock markets if Central Huijin Investment continues to be overweight in mega-cap blue chip stocks or small-cap tech ones to invigorate the capital markets and perk up the market confidence. It should be noted that the unremitting soar might have stoked the trepidations that the professional investment institutions will continue to take profits and the hot money will continue to cash out in succession next week. After all, all three major stock index took a nosedive at 13:30 p.m. this Friday, which spooked a myriad of callow gullible stock neophytes who fled in panic. Looking to history as a guide, the previously embattled domestic stock markets have been diverging from the economic reality. Notoriously, the uninterrupted lackluster performance in the domestic stock markets has not been commensurate with the economic development in recent decades. That might have accounted for why the benchmark Shanghai Composite Index has been tiptoeing around 3,000-point mark for more than eighteen years. Nowadays, it’s hard not to draw the conclusion that there is a growing divergence between the capacious rambunctious hard-bitter short sellers and the diehard market bulls. With that in mind, an army of callow gullible stock neophytes may continue to take the risk of market tantrums when the US stocks closed sharply lower overnight.

来源：慧通教育