皮海洲:摩根大通的研究报告捅了A股市场的马蜂窝。

上一篇 / 下一篇  2013-03-25 16:20:02 / 精华(3) / 置顶(1)


最近摩根大通唱空中国股市唱空银行股的观点遭到国内舆论的围攻。3月18日,摩根大通发布研究报告称,建议客户减持中国股票,同时购买看空中国四大银行的衍生品,主要理由是中国经济增长放缓和通胀加速。

    摩根大通的研究报告捅了A股市场的马蜂窝。该报告一经公开,即遭到了来自A股市场的强烈反击。包括券商、私募、市场评论人士等蜂拥而上,有的对摩根大通的观点予以直接的反击;有的揭短,掀起摩根大通过去唱空做多的丑事;有的抛出阴谋论,认为摩根大通“唱空”之意在于抄底中国。

    其实,这一幕对于A股市场的投资者来说并不陌生。这一幕在A股市场出现已经是第N次了。而之所以会出现这一幕,在很大程度上与A股市场强烈的多头思维有关。因为长期以来A股市场都是一个单边市,投资者只有做多才能赚钱。所以,在这个市场里,人们包容不下空头的言论,谁唱空A股,谁就是投资者的敌人。虽然如今A股市场也有了自己的做空机制,但投资者的多头思维并没有改变过来。

    还有一个很重要的原因就是,一些批评者在批评唱空者“阴谋论”的同时,其本身就是“屁股决定脑袋”,就是一个阴谋。实际上在批评唱空者的人群中,很多就是A股市场里的多头,这些人为了自身的利益,也必须对唱空者予以坚决的反击。因为一旦唱空者真的把行情唱下去了,这些多头就会蒙受经济上的损失。

    所以,这一幕的出现其实是A股市场并不成熟的表现。作为一个成熟的市场来说,是能够同时容纳唱多者与唱空者的观点的。毕竟对于任何一个市场来说,不可能只有“多方”,如果只有做多的力量,却没有做空的力量,那么市场就不会有交易了。可见多方与空方是同时并存的,没有了空方,多方也就不复存在了。既然市场有做空的力量存在,为什么就不能包容唱空的观点呢?这表明的除了A股市场并不成熟之外,还有多方力量的心虚。

    当然,作为投资者来说,有必要对唱空的言论保持一份警惕,因为不排除一些唱空者通过唱空股市来打压股价达到做多的目的,唱空做多这样的事情在股市上并不少见。但这种言行不一的并非只有唱空者,唱多者中同样不乏唱多做空之人,而且这种情况在A股市场上最常见。因此,对于唱多者,投资者同样不能盲目轻信,同样要保持高度的警惕性。在这个问题上,最不该失声的是监管者,不论唱空还是唱多,只要有违诚信,监管者都应该严格执法。

    不过,这一次摩根大通受到攻击其实有点冤。因为在摩根大通唱空银行股之前,现任证监会主席、当时的中国银行董事长肖钢14日曾公开表示,银行业业绩高增长时期已经过去。因此,摩根大通唱空银行股,不过是步肖钢后尘。而在银行股不能看好的情况下,唱空A股也实在不是什么大谬。

站内搜索:

TAG: 皮海洲 市场 研究报告 中国经济

引用 删除 dgs2u6cc   /   2018-01-21 15:05:28
The three states that boast of providing these facil <a href="http://www.nflbearsfansclub.com/Black-Friday-Adam-Shaheen-Jersey/">Womens Adam Shaheen Jersey</a> ities are Jammu and Kashmi <a href="http://www.nflbearsfansclub.com/Black-Friday-Tarik-Cohen-Jersey/">Authentic Tarik Cohen Jersey</a> r, Uttar Pradesh and Himachal Pradesh. You’ll also discover a few hybrid versions,Womens Adam Shaheen Jersey, which can double for a swing or convert into other types of gear, such as a chair for an older child or some  <a href="http://www.nflbearsfansclub.com/Black-Friday-Jordan-Howard-Jersey/">Jordan Howard Bears Jersey</a> pla
引用 删除 shekplos4x   /   2018-01-21 10:05:46
Sports betting software program accessible inside the marketplace is user pleasa <a href="http://www.nhlhockeyshopuk.com/team-finland-joonas-donskoi-jersey-uk/">http://www.nhlhockeyshopuk.com/team-finland-joonas-donskoi-jersey-uk/</a> nt and no hardships are knowledgeable in insta <a href="http://www.nhlhockeyshopuk.com/arizona-coyotes-wayne-gretzky-jersey-uk/">http://www.nhlhockeyshopuk.com/arizona-coyotes-wayne-gretzky-jersey-uk/</a> lling or employing it.comwhich are best renowned and reliable. These HID lights are coming in different colors like:- Crystal White- Blue- Diamond Blue- Purple- VioletThe ma <a href="http://www.nhlhockeyshopuk.com/tampa-bay-lightning-andrej-sustr-jersey-uk/">http://www.nhlhockeyshopuk.com/tampa-bay-lightning-andrej-sustr-jersey-uk/</a> j
引用 删除 mynamikw9x   /   2018-01-21 04:22:09
com inquiry.Keep the "lightweight  <a href="http://www.authenticeaglesfansclub.com/Black-Friday-Mack-Hollins-Jersey/">Authentic Mack Hollins Jersey</a> gear" philosophy in mind as you decide what you must  <a href="http://www.authenticeaglesfansclub.com/Black-Friday-Carson-Wentz-Jersey/">Black Carson Wentz Jersey</a> have on your trip and avoid taking "everything but the kitchen sink".Every bolt that has stayed in the market for a sufficient amount of time has a reputatio <a href="http://www.authenticeaglesfansclub.com/Black-Friday-Nelson-Agholor-Jersey/">Nelson Agholor Jersey</a> n to keep and to maintain. Trust your instincts and stay
引用 删除 mynamikw9x   /   2018-01-21 02:33:17
Such products may offer temporary results and causes irreversible  <a href="http://www.teamnfldolphinsshop.com/authentic-raekwon-mcmillan-dolphins-jersey/">Authentic Raekwon McMillan Jersey</a> side effects on your health. It stre <a href="http://www.teamnfldolphinsshop.com/customized/">Customized Dolphins Jersey</a> ngthens the nerves and tissues and keeps your reproductive system in upbeat health. If you have difficulty performing a common exercise, you should seek out alternative exercises that work the same <a href="http://www.teamnfldolphinsshop.com/authentic-julius-thomas-dolphins-jersey/">Julius Thomas Jersey</a>
引用 删除 mynamikw9x   /   2018-01-20 15:25:22
This plant extract is a natural source of 5-hydroxy-tryptophan (5-HTP). Add <a href="http://www.teamnflsaintsshop.com/AUTHENTIC-ALEX-ANZALONE-SAINTS-JERSEY/">Authentic Alex Anzalone Jersey</a> ress breakdown as the opportunity to learn an <a href="http://www.teamnflsaintsshop.com/AUTHENTIC-RYAN-RAMCZYK-SAINTS-JERSEY/">Ryan Ramczyk Jersey</a> d grow. Request for some references and contact them. Many small businesses follow the traditional methods like print advertising or direct mail but there is no denying the fact t <a href="http://www.teamnflsaintsshop.com/AUTHENTIC-ALEX-ANZALONE-SAINTS-JERSEY/">Alex Anzalone Jersey</a> h
引用 删除 shekplos6z   /   2018-01-19 17:18:58
Here are some of job vacancies that you might consid <a href="http://www.footballeaglesfanaticstore.com/authentic-carson-wentz-eagles-jersey/">Carson Wentz Eagles Jersey</a> er applying for:Winter resorts a <a href="http://www.footballeaglesfanaticstore.com/hats/">Cheap Eagles Hats</a> re on of the most popular places to look for a job during winter. This strategy rarely works, however,Carson Wentz Eagles Jersey, so stick to the edges of the reefs. This is why they are used in kitchen & baths, as  <a href="http://www.footballeaglesfanaticstore.com/authentic-derek-barnett-eagles-jersey/">Authentic Derek Barnett Jersey</a> t
引用 删除 shekplos9t   /   2018-01-18 23:31:06
If you possess a KitchenA <a href="http://www.jerseyssportsshop.com/">Cheap NFL Jerseys Wholesale</a> id stan <a href="http://www.jerseyssportsshop.com/">Cheap NFL Jerseys Supply</a> d mixer, Cheap NFL Jerseys Wholesale you need taking care of your instrument.It is not just Delhi as the whole area near Delhi is growing along <a href="http://www.jerseyssportsshop.com/">Wholesale NFL Jerseys Supply</a>  with the metro city. These charts can be emailed or printed off for future reference.Why bother buying accessoriesAccessorie
引用 删除 shekplos2g   /   2018-01-18 23:08:18
That mostly depends upon the desig <a href="http://www.wholesalenfljerseyscheap.com/">Wholesale NFL Jerseys From China</a> n and the more complex the actual pattern, the more costly. S <a href="http://www.wholesalenfljerseyscheap.com/">Cheap Jerseys Free Shipping</a> oaps can be quite harsh, and they can easily lead to dryness of the skin. This website has 44 branch offices located in Singapore, Taiwan, and mainland China. Starting there one as anot <a href="http://www.wholesalenfljerseyscheap.com/">Cheap NFL Jerseys Wholesale</a> her customer would o
引用 删除 shekplos7p   /   2018-01-18 16:55:48
This includes a change in your homepage, or ne <a href="http://www.wholesalenfljerseyscheap.com/">Cheap NFL Jerseys</a> w icons that show up  <a href="http://www.wholesalenfljerseyscheap.com/">Wholesale NFL Jerseys</a> on your desktop. When owning an online sash business, there are certain guidelines you must follow. Pay a visit to. Actually,  <a href="http://www.wholesalenfljerseyscheap.com/">Wholesale Jerseys</a> glasses of the brand were introduced to the market in the year 1946. You should check out the following sug
引用 删除 shekplos7p   /   2018-01-18 11:22:47
Even though a virus typically in <a href="http://www.cheapfootballjerseysnfl.us.com/">Cheap NFL Jerseys Wholesale</a> cludes an unfavorable influence upon the data files that are held in jus <a href="http://www.cheapfootballjerseysnfl.us.com/">Cheap NFL Jerseys No Tax</a> t the laptop or computer, a worm ambitions the procedure's community which contains modifying the band width as properly as interrupting the assistance.Transform across the heat in the winte <a href="http://www.cheapfootballjerseysnfl.us.com/">Wholesale Jerseys</a> rtime.
引用 删除 mynamikw9x   /   2018-01-18 06:34:54
They rely on the <a href="http://www.teamnflpackersshop.com/Bart-Starr-Packers-Jersey/">Bart Starr Womens Jersey</a> ir affiliate c <a href="http://www.teamnflpackersshop.com/Jordy-Nelson-Packers-Jersey/">Jordy Nelson Jersey</a> ompany's link that they place at the bottom of their articles. Together this creates a very powerful list building machine.Wall SignsA sign business in Kansas City can offer wall sig <a href="http://www.teamnflpackersshop.com/Ha-Ha-Clinton-Dix-Packers-Jersey/">Ha Ha Clinton-Dix Rodgers Jersey</a> ns in different sizes and shapes. If you discovered value in this post please do me a fa
引用 删除 mynamikw9x   /   2018-01-17 12:26:17
<a href="http://www.thenflsteelersshoponline.com/Youth-James-Conner-Steelers-Jersey/">James Conner Womens Jersey</a> Water damage Toronto  <a href="http://www.thenflsteelersshoponline.com/Youth-Troy-Polamalu-Steelers-Jersey/">Steelers Troy Polamalu Jersey</a> does not just remain in your own basement but it may cause a lot ofdifficulty to you.With power devices and reins, LED's are more preferable in diverse organization."If you  <a href="http://www.thenflsteelersshoponline.com/Youth-Leveon-Bell-Steelers-Jersey/">Le'Veon Bell Womens Jersey</a> get down to your best price,James Conner Womens Jersey, and they say no. The advantage to people is the it
引用 删除 shekplos2g   /   2018-01-17 12:02:06
Lucie animation company that received a whopping  <a href="http://www.cheapnbajerseyschinashop.com/">Wholesale NBA Jerseys From China</a> $20 million in incentives from  <a href="http://www.cheapnbajerseyschinashop.com/">Wholesale Jerseys</a> the state,Wholesale NBA Jerseys From China, Enterprise Florida promised a better vetting process. Its also key to use a crème with vitamin D,Wholesale Jerseys, the miracle vitamin that helps fight disease  <a href="http://www.cheapnbajerseyschinashop.com/">Cheap NBA Jerseys From China</a> and supp
引用 删除 shekplos2g   /   2018-01-16 18:14:51
C. When unsure,Cheap Jerseys Online, you  <a href="http://www.cheapnbajerseyschinashop.com/">Cheap Jerseys Online</a> should always obtain the direction manual of your mix <a href="http://www.cheapnbajerseyschinashop.com/">Wholesale NBA Jerseys China</a> er. You might want to shop around in order to find the best rental companies offering this specific type of teleprompter, b <a href="http://www.cheapnbajerseyschinashop.com/">Cheap NBA Jerseys Free Shipping</a> ut there are many available so it shouldn’t be too hard for you to get what you nee
引用 删除 mynamikw9x   /   2018-01-15 21:02:06
Although the accountant job description for some accounting positions may be e <a href="http://www.nflbillsfansclub.com/Black-Friday-Jim-Kelly-Jersey/">Jim Kelly Bills Jersey</a> asy,Jim Kelly Bills Jersey, o <a href="http://www.nflbillsfansclub.com/Black-Friday-Nathan-Peterman-Jersey/">Nathan Peterman Jersey</a> ther accountant job descriptions should not fairly as clear because of the number of duties which can be required.comto get the most up to date working 2014 Coupons for McAfee. We also have lo <a href="http://www.nflbillsfansclub.com/Black-Friday-Dion-Dawkins-Jersey/">Womens Dion Dawkins Jersey</a> c
引用 删除 mynamikw9x   /   2018-01-15 18:33:02
Management Accountan <a href="http://www.teamhoustontexansshop.com/Hoodie/">Cheap Texans Hoodie</a> tOne other accountant job description is that of a man <a href="http://www.teamhoustontexansshop.com/Youth-Kendall-Lamm-Elite-Jersey/">Womens Kendall Lamm Jersey</a> agement accountant. Get psyched to party!If your invitees are going to be a young,Cheap Texans Hoodie, dynamic crowd, pick a baby <a href="http://www.teamhoustontexansshop.com/Youth-Nick-Martin-Elite-Jersey/">Womens Nick Martin Jersey</a>  shower invitation that will keep up with the group. What the majority of networkers do is try to
引用 删除 shekplos7p   /   2018-01-15 16:44:01
You will find professional professionals w <a href="http://www.wholesalecheapnflsportsjerseys.com/">Cheap Basketball Jerseys</a> ho can assist you to. It makes things more facile for you and your customers, <a href="http://www.wholesalecheapnflsportsjerseys.com/">Cheap Soccer Jerseys</a>  especially if Cheap Basketball Jerseys one owns a laptop or other WiFi capable device. Many children also prefer a night light so that their room isn?t compl <a href="http://www.wholesalecheapnflsportsjerseys.com/">Wholesale Soccer Jerseys From China</a> etely dark at night.It’
引用 删除 shekplos7p   /   2018-01-15 08:37:49
Ferguson’s site where you can find out all <a href="http://www.wholesalenflfootballjerseysshop.com/">Wholesale Jerseys</a>  about  The Treatment MethodThe the marketing camp <a href="http://www.wholesalenflfootballjerseysshop.com/">Cheap Jerseys China</a> aign canal the game acquiring to do with actions is commonly done by ould endodontic dental specialist: an all in a single dentist who specializes all through <a href="http://www.wholesalenflfootballjerseysshop.com/">Wholesale Jerseys From China</a>  the treating planning to be the within relating t
引用 删除 mynamikw9x   /   2018-01-15 07:02:30
Nevertheless,Womens Dan Fouts Jersey, there is howe <a href="http://www.footballchargersfanatics.com/authentic-dan-fouts-chargers-jersey/">Womens Dan Fouts Jersey</a> ver the chance to get 1 of individua <a href="http://www.footballchargersfanatics.com/authentic-joey-bosa-chargers-jersey/">Joey Bosa Chargers Jersey</a> ls HDTV this sort of as the Samsung 27 inch HDTV for a quite cost effective selling price and I will display you exactly the place you can locate these excellent discounts. Most summer leagues  <a href="http://www.footballchargersfanatics.com/authentic-dan-feeney-chargers-jersey/">Dan Feeney Jersey</a> operate as a result
引用 删除 shekplos6z   /   2018-01-15 06:40:54
With the onset of so much competition in the prof <a href="http://www.thenflcowboysshoponline.com/Youth-Taco-Charlton-Cowboys-Jersey/">Taco Charlton Womens Jersey</a> essional field in whichever sphere,T <a href="http://www.thenflcowboysshoponline.com/Youth-Tony-Dorsett-Cowboys-Jersey/">Cowboys Tony Dorsett Jersey</a> aco Charlton Womens Jersey, it is always better to keep yourself well equipped for knowing in which direction your work aptitude lies. Therefore,Cowboys Tony Dorsett Jersey, you should engage the su <a href="http://www.thenflcowboysshoponline.com/Youth-Sean-Lee-Cowboys-Jersey/">Sean Lee Jersey</a> pport of experien
 

评分:0

我来说两句

显示全部

:loveliness: :handshake :victory: :funk: :time: :kiss: :call: :hug: :lol :'( :Q :L ;P :$ :P :o :@ :D :( :)

皮海洲

皮海洲

职业投资者,独立财经撰稿人。1993年入市,十四年的股市磨练,练就了对股市独到的眼光与见解。所写文章以政策、时事热点评述、股票炒作心得为主,以反映中小投资者呼声为 己任,著有《轻轻松松炒股票》一书。联系方式:phz168@21cn.com

日历

« 2018-01-22  
 123456
78910111213
14151617181920
21222324252627
28293031   

数据统计

  • 访问量: 47598
  • 日志数: 408
  • 建立时间: 2007-11-15
  • 更新时间: 2013-08-15

RSS订阅

Open Toolbar