In the past two days, the stock market has been like a roller coaster ride. Those who bought before the holiday have already made a fortune, while those who entered the market at high levels after the holiday are now losing money with a face as pale as iron.

Especially when some economists said that the market opened and closed on October 8th, this directly made many individual investors very excited. Everyone rushed in, fearing to miss the opportunity to get rich.

However, after the large number of individual investors rushed in, those who were waiting to harvest quickly sold and left. Although the market turnover on October 8th was more than 300 billion, the net outflow of funds in the entire stock market was as high as more than 200 billion, and the turnover rate of many stocks reached more than 50%.

After the market opened on October 9th, the two markets directly fell. As of the close, the Shanghai Composite Index fell by 6.62%, closing at 3258.86 points; the Shenzhen Component Index fell by 8.15%, closing at 10557.81 points.

Based on this calculation, people who took over at high levels yesterday have lost more than 16% at a conservative estimate, and some people have even lost more than 20%.

In response, many people say that this is the shortest bull market in history, from start to finish, only about a week.

However, many experts do not agree with this view, and some even believe that the bull market has just begun, and the sharp decline in the past two days is just an adjustment.For instance, today, a former chief economist at a certain securities firm, Li Daxiao, released a video in which he mentioned:

The pullback has basically reached its target, or is almost there.

In response, Li Daxiao reminds everyone that there is no need to be pessimistic. Implicitly, he suggests that those who should hold on to their positions should continue to do so, and those who should increase their positions should continue to do so.

Why is Li Daxiao so confident? He mainly has three points of view.

One is that the 5-day moving average has returned to a reasonable level.

Li Daxiao believes that a deviation from the 5-day moving average that is too much, too long, or too far will result in a pullback. Today, the market is very close to the 5-day moving average. As of 11:28, the Shanghai Composite Index is at 3241 points, which is 8 points away from its former lowest point of 3249, so he thinks it's almost there.

The second point is that valuations have returned to a reasonable level.

Li Daxiao believes that if we look at the valuations at 10:54, the banking index is at 5.9, the state-owned enterprise index is at 9.4, the A50 is at 11, the Shanghai-Shenzhen 300 is at 13.1, and the Hang Seng Index is at 10.02. Li Daxiao thinks these valuations are still attractive.Additionally, Li Daxiao believes that from the perspective of the four major forces, the current correction seems to have reached its target.

After considering various factors, Li Daxiao feels that the current A-share correction is essentially in place, and everyone should not panic.

However, contrary to Li Daxiao's view, some private equity bigwigs do not recognize the current market situation. For example, a few days ago, Dan Bin posted articles in succession, stating that the current situation is just a rebound, not a bull market, and warned everyone about the risks.

From the performance of the last two days, Dan Bin's risk warning has indeed come true.

Seeing the completely opposite attitudes of different experts towards A-shares, the vast number of retail investors have suddenly fallen into a state of selective confusion. Whether to sell or continue to hold, or to increase their positions, everyone is indecisive.

Here, I suggest that no one should blindly believe anyone, as no one knows what interest groups they represent behind the scenes.

To make money in the stock market, everyone must learn to make rational judgments and invest rationally.

One thing to consider is the trend of macroeconomic policies.The stock market is a barometer of the economy. The performance of the stock market is closely related to policies, so it is essential for everyone to understand the trend of macroeconomic policies.

Looking at the current environment, I believe that in the future, the country will definitely introduce more economic stimulus policies, and market liquidity will certainly be further enhanced.

Especially in the coming period, many banks will lower mortgage interest rates, and correspondingly, many banks may lower deposit interest rates at any time.

Once deposit interest rates fall, many customers may move their deposits, and more funds will flow into the stock market.

From the current market's capital perspective, the stock market is not short of "logistical ammunition". After all, the current balance of household deposits in China exceeds 140 trillion, it just depends on whether there is a suitable trigger point.

So, from the trend of macroeconomic policies, I think the stock market will still have room for growth in the future. After all, the A-share market has been hovering around 3000 points for a long time, which is seriously detached from economic development, and the stock market cannot remain so low forever.

The second thing is to learn to choose the right stocks.

Now many people are very blind when selecting stocks, simply looking at a K-line.

But I always believe that valuable companies will eventually shine and generate heat, although everyone is speculating on various concepts.But I believe that the operation of any concept must be based on the premise of long-term growth in corporate performance, so there is room for speculation.

Therefore, everyone must learn to analyze the growth space of enterprises, and select those high-quality enterprises from various indicators such as revenue, profit, debt, return on equity, and cash flow.

This is similar to how banks review loan customers, which customers can be lent to, and which customers will default, in fact, banks see it very clearly.

If everyone looks at these enterprises with a critical eye, and then chooses the right enterprises, decisively buys when their valuation is low, and then holds them for a long time, then I believe that money will be made sooner or later.

In summary, everyone should treat the stock market as a marathon, not as a sprint.