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 mynamikw9x   /   2018-08-16 04:30:56
<a href="http://www.footballfalconsauthentic.com/customized/">Customized Falcons Jerseys</a> Using the bark to m <a href="http://www.footballfalconsauthentic.com/women-deion-jones-jersey/">Deion Jones Authentic Jersey</a> ake mulch was a handy solution for the lumber yards, but it’s not perfect."In a vibrant drone market,Customized Falcons Jerseys, la <a href="http://www.footballfalconsauthentic.com/">Authentic Falcons Jersey</a> ws, regulations, supervision and public awareness on safe flying lag far behind," said Zhang Yu, associate professor with the college of control scien
引用 删除 mynamikw9x   /   2018-08-16 02:53:47
"The athletic body type often times square at the shoulde <a href="http://www.footballcoltsauthentic.com/women-marlon-mack-jersey/">Marlon Mack Colts Jersey</a> r blades so spaghetti straps work effectively.Noting  <a href="http://www.footballcoltsauthentic.com/women-le-raven-clark-jersey/">Le'Raven Clark Jersey</a> that the causes of the crash are still undetermined, he said the extract of all data and identification of all victims would take several days and weeks respective <a href="http://www.footballcoltsauthentic.com/women-malik-hooker-jersey/">Malik Hooker Jersey</a> ly. If уоu arе onе оf thе m
引用 删除 shekplos9t   /   2018-08-15 04:31:18
counterpart Cheap Jerseys China Wholesale Donald Trump.?T <a href="http://www.cheapwholesalenflauthenticjerseys.com/">Cheap Jerseys China Wholesale</a> he level of enthusia <a href="http://www.cheapwholesalenflauthenticjerseys.com/">Wholesale Jerseys</a> sm and nervousness on the 15 minute flight to 12,000 feet?s.The Londonbased Times reports that government ministers face being fired in "sex pest crackdown".The last UNled talks aimed at brokering a political solution betw <a href="http://www.cheapwholesalenflauthenticjerseys.com/">Wholesale Authentic NFL Jerseys</a> e
引用 删除 mynamikw9x   /   2018-08-14 19:35:46
The PCA rejected Ljubljana's demand that the whole <a href="http://www.footballcoltsauthentic.com/women-kemoko-turay-jersey/">Kemoko Turay Jersey</a>  of the Savud <a href="http://www.footballcoltsauthentic.com/">Elite Colts Jersey</a> rija Bay (the Bay of Piran) was Slovenian territory, but gave Slovenia greater part of the disputed waters and a 2. This article will describe some of the preferred <a href="http://www.footballcoltsauthentic.com/">Authentic Colts Jersey</a>  and finest restaurants that may well be located in Houston and why they
引用 删除 shekplos9t   /   2018-08-14 18:50:01
The last UNled talks aimed at brokering a p <a href="http://www.cheapwholesalenflauthenticjerseys.com/">Wholesale Authentic NFL Jerseys</a> olitical solution between Syria's warring factions ended on May 19 without go <a href="http://www.cheapwholesalenflauthenticjerseys.com/">Cheap Authentic NFL Jerseys</a> ing deeper into the scheduled topics.In a primetime address billed as the unveiling of his new Afghanistan strategy, Trump said the U. If Wholesale Authentic NFL Jerseys I could g <a href="http://www.cheapwholesalenflauthenticjerseys.com/">Cheap NFL Jerseys Sale</a> o
引用 删除 shekplos9t   /   2018-08-14 10:20:35
"I feel like I'm still on  <a href="http://www.cheapwholesalesportsnfljerseys.com/">Cheap Jerseys China</a> the road," she said. It was attended by the  <a href="http://www.cheapwholesalesportsnfljerseys.com/">Cheap China Jerseys</a> prosecution team, defendant and defence counsel, presiding judge Cai Shuying said.Asif described his recent visits to China, Iran and Turkey as successful and said he discussed al <a href="http://www.cheapwholesalesportsnfljerseys.com/">Cheap NFL Jerseys China Wholesale</a> l important issues during his talks.Elsewhere in Sp
引用 删除 mynamikw9x   /   2018-08-14 04:52:28
The people in Houston love <a href="http://www.flyknittrainerssale.com/nike-free-4-0/nike-free-4-0-v3.html">nike free 4.0 v3 sale</a>  to eat in excell <a href="http://www.flyknittrainerssale.com/women-s-men-s-nike-free-rn-motion-flyknit-running-shoes-black.html">Nike Free RN Motion Flyknit Running Shoes Black</a> ent places no matter whether it is a tiny family run spot or an upscale dining encounter reserved for the most particular of occasions claims a Houston divorce lawyer. We went up and d <a href="http://www.flyknittrainerssale.com/nike-free-5-0/nike-free-5-0-v4.html">nike free 5.0 v4 sale</a> own the canals looking at all the magnificent architecture of the homes i
引用 删除 shekplos2g   /   2018-08-14 01:52:27
The team has hardhitting batsmen Rashaad Mosweu, Thatayaone Tshose and  <a href="http://www.wholesalenfljerseyscheap.cc/">Cheap NFL Jerseys China</a> Mmoloki Mooketsi who are capped at senior level. President Donal <a href="http://www.wholesalenfljerseyscheap.cc/">Cheap Jerseys From China</a> d Trump's remarks that the United States has given billions of dollars but Pakistan has not done its part in fighting against the groups operating in Afghanistan. I <a href="http://www.wholesalenfljerseyscheap.cc/">Wholesale NFL Jerseys Cheap</a>
引用 删除 mynamikw9x   /   2018-08-13 07:16:11
-GWIChief Executive Officer of the Guyana Water Inc <a href="http://www.nfljerseyssocheap.us.com/">Cheap Jerseys Paypal</a> orporated (G <a href="http://www.nfljerseyscheapsale.us.com/">Jerseys NFL Wholesale</a> WI), Karan Singh, is urging residents in Agricola, East Bank Demerara, to pay their water bills and not to ‘interfere’ with staff from the water company.Singh yesterday told mem <a href="http://www.wholesalecheapchinajerseys.us.com/">Wholesale Jerseys From China</a> bers of the media that currently only a few residents in the
引用 删除 shekplos6z   /   2018-08-12 19:53:46
IT pros who carry the Microsoft Certified Technology Expert title are th <a href="http://www.knoitnow.com/nike-air-max-90-ultra-2-0-flyknit.html">Nike Air Max 90 Ultra 2.0 Australia</a> ey that have secured passing grades within the 70 680 examination.  <a href="http://www.knoitnow.com/nike-air-max-90-vt.html">Nike Air Max 90 VT Australia</a> And that will also cultivate you the contribute to the restoration of the nature that lost its beauty. In making a decision,Nike Air Max 90 Ultra 2.0 Australia, <a href="http://www.knoitnow.com/nike-air-max-90-br-breathe.html">Nike Air Max 90 BR Breathe Australia</a>
引用 删除 mynamikw9x   /   2018-08-12 10:38:31
– refused entry into S <a href="http://www.wholesalechinajerseysauthentic.us.com/">Wholesale Jerseys China</a> uriname from GuyanaAuthorities have reportedly seized  <a href="http://www.chinajerseysshop.us.com/">Stitched Jerseys</a> a container of what is suspected to be counterfeit cigarettes and questions are now being asked as to how it left Guyana, reached Suriname an <a href="http://www.bizjerseysshop.us/">Cheap NFL Jerseys Wholesale</a> d was turned back.The counterfeit cigarettes seized were reportedly of the 555 bran
引用 删除 dgs2u6cc   /   2018-08-12 06:41:03
Youre g <a href="http://www.airmaxolcson.com/adidas-superstar-cheap.html">adidas superstar olcsón</a> uaranteed to a hook the big one with the pictures to prove it.There are many peo <a href="http://www.airmaxolcson.com/nike-air-max-rendeles/nike-air-max-2017.html">nike air max 2017 n?i</a> ple like Wang Donglin using new media to promote social reform. The VPS can run their own operating systems and applications; install softwar <a href="http://www.airmaxolcson.com/adidas-superstar-cheap/superstar-supercolor.html">adidas superstar supercolor rendelés</a> e without bothering the other VPS machines on the same physical server.
引用 删除 mynamikw9x   /   2018-08-11 18:57:32
Our interest grows in a  <a href="http://www.uaoutletaustralia.com/">under armour australia outlet</a> particular field from very early <a href="http://www.uaoutletaustralia.com/">under armour australia</a>  childhood. Your pregnant body will tire quicker and your heart rate should not exceed 140 beats per minute. At the first step of the souring circle, the buyers ne <a href="http://www.uaoutletaustralia.com/under-armour-curry-5/ua-stephen-curry-5-low.html">curry 5 low australia</a> ed to know the details of the products, to see whether the low cost goods can mee
引用 删除 shekplos9t   /   2018-08-11 14:40:27
Trump's brief, 16minute inauguration speech in Washington, <a href="http://www.cheapnikenflsportsjerseys.com/">Wholesale Jerseys From China</a>  D.Syrian forces and allied fighters arrived on <a href="http://www.cheapnikenflsportsjerseys.com/">Cheap Jerseys</a>  Tuesday at the Brigade 137 base on the western edge of Deir alZour, Wholesale Jerseys From China effectively ending a siege of about three years on part of the city.Grimaldi, like many patrons  <a href="http://www.cheapnikenflsportsjerseys.com/">Cheap NFL Jerseys From China</a> F
引用 删除 shekplos7p   /   2018-08-11 07:25:30
Don't interact w?th уour dog wh <a href="http://www.cheapdiscountjerseysshop.com/">Wholesale NFL Jerseys</a> еn yоu arе frustrated оr angry. It may well Wholes <a href="http://www.cheapdiscountjerseysshop.com/">Cheap NFL Football Jerseys</a> ale NFL Jerseys or may possibly not be the person’s profession. A cell phone will permit you to call for assist if you <a href="http://www.cheapdiscountjerseysshop.com/">Wholesale NFL Jerseys Cheap</a>  or a person within your hiking party Cheap NFL Football Jerseys has an accident or wanders off the t
引用 删除 mynamikw9x   /   2018-08-11 06:07:53
Youre guaranteed to a hook the big one with the pictures to prove it <a href="http://www.cowboyssportsonline.com/taco-charlton-super-bowl-xlix-jersey/">Taco Charlton Jersey</a> . This practice can av <a href="http://www.cowboyssportsonline.com/super-bowl-xlix-rico-gathers-jersey/">Rico Gathers Jersey</a> oid the unnecessary loss on the purchase,Taco Charlton Jersey, as the proposals of the suppliers can meet the purchase requirement at a low cost. You have a great deal of options of activities to organize tha <a href="http://www.cowboyssportsonline.com/hoodie/">Dallas Cowboys Hoodie</a> t
引用 删除 shekplos6z   /   2018-08-10 22:04:15
In concentrated forms, these fumes can be hazardous to hu <a href="http://www.thenflpackersshop.com/authentic-kevin-king-packers-jersey/">Authentic Kevin King Jersey</a> man life.With the number of hotels springing up su <a href="http://www.thenflpackersshop.com/authentic-jaire-alexander-packers-jersey/">Jaire Alexander Jersey</a> ch short period of time, people to this tropical island are the ultimate gainers. To get a skip to become placed on the public road pavement a allow from the council is required.You will <a href="http://www.thenflpackersshop.com/authentic-jamaal-williams-packers-jersey/">Authentic Jamaal Williams Jersey</a>  notice
引用 删除 mynamikw9x   /   2018-08-10 19:47:56
Online public o <a href="http://www.teamnfleaglesshop.com/AUTHENTIC-BRIAN-DAWKINS-EAGLES-JERSEY/">Brian Dawkins Elite Jersey</a> pinion can affect public policy. You mer <a href="http://www.teamnfleaglesshop.com/AUTHENTIC-WENDELL-SMALLWOOD-EAGLES-JERSEY/">Wendell Smallwood Jersey</a> ely have to download them to your own device to begin with making the most of these. Especially with established SEO hosting companies like seohost. Thirty two crew members of the tanker,Brian Dawkins Elite Jers <a href="http://www.teamnfleaglesshop.com/AUTHENTIC-DALLAS-GOEDERT-EAGLES-JERSEY/">Dallas Goedert Eagles Jersey</a> ey, 30 Iranians and two Bangladesh
引用 删除 shekplos7p   /   2018-08-10 14:16:04
This he <a href="http://www.cheapnfljerseysonlineshop.com/">Wholesale Jerseys 17$</a> r in essence some sort of backup image which in t <a href="http://www.cheapnfljerseysonlineshop.com/">Wholesale NHL Jerseys</a> urn is unquestionably organised in circumstance the idea truly is necessary. SQL The year 2005 training is frequently a exc <a href="http://www.cheapnfljerseysonlineshop.com/">Cheap NFL Jerseys</a> eptional start out fand also perfecting Microsoft windows SQL Server 2005.Combine replication waersus likewise available
引用 删除 shekplos6z   /   2018-08-10 08:54:30
The Microsoft Corpor <a href="http://www.thelionsstoreonline.com/Black-91-Ashawn-Robinson-Womens-Jersey/">A'Shawn Robinson Jersey</a> ation encourages in depth analysis of its o <a href="http://www.thelionsstoreonline.com/Black-19-Kenny-Golladay-Womens-Jersey/">Kenny Golladay Jersey</a> perating procedures every so often. Relax during the day. The only disadvantage is that the cost is very high. Youve had a long day!No HassleWe know no one wants to co <a href="http://www.thelionsstoreonline.com/Black-68-Taylor-Decker-Womens-Jersey/">Taylor Decker Jersey</a> ok, clean,A'Shawn Robinson Jersey, or do laundry on vacation.For addit
 

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

« 2018-08-16  
   1234
567891011
12131415161718
19202122232425
262728293031 

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