Before the National Day, I wrote an article about my views on the big money release. I didn't expect it to be so popular, with more than 700,000 views and more than 200 replies. It seems that there are still many more people who speculate in stocks than in cryptocurrencies. The A-share market will open again tomorrow, so I would like to supplement and correct my views:

1. Exchange rate

Maintaining the original view, the RMB does not have the conditions for long-term appreciation. It can be seen that the US non-farm data on Friday was only slightly better, which eliminated the possibility of a 50% interest rate cut in November, and the offshore RMB plummeted by 1,000 basis points.

2. Real estate market

With the introduction of the new policy, the real estate market has indeed become active during the National Day holiday. I recently helped my parents list two houses. One was sold within one day of listing, and the number of people who viewed the other house increased significantly. However, it is still difficult for prices to rise. In the long term, it is still bearish, and it can be slightly stable in the short term.

3. A-share market

The previous prediction of 3,500 points was indeed conservative. The enthusiasm of leeks is beyond imagination. Recently, many people have been opening accounts and making money to prepare to rush in when the market opens tomorrow. But my core view remains unchanged. Currently, only the leeks and hot money are rushing into the A-share market without thinking. However, the national team, local governments, foreign capital, etc. all want to cash out. The next week may be the best opportunity to cash out.

(1) Although the old foxes on Wall Street say they are buying the bottom of A-shares, they are actually withdrawing their capital. The general trend of foreign capital withdrawal is irreversible. Foreign capital has invested in China for more than 30 years since the reform and opening up, and it is not something that can be withdrawn in one or two years. If the A-share market falls all the way to 2,000 points, foreign capital will not be able to escape. Now the national team is pulling up the market and holding the exchange rate, which is a rare opportunity. #BabyMarvin: The New Wave of Blockchain "With the rise of the bull market in 2024, BabyMarvin has proved its potential as a blockchain star. A small investment of only 100U may bring returns of up to 20,000U in the future. This easy-to-access virtual currency not only has a low threshold and huge potential, but also allows every investor to have the opportunity to share in the huge benefits of the crypto market. Don't miss this opportunity, join us now and witness the growth and success of BabyMarvin with global investors." #灰度拟推出AAVE信托基金 #EIGEN、OP、ENA大额解锁 #加密市场反弹