This round of bull market is a "policy" bull market. The core purpose is to help state-owned enterprises and local governments resolve huge debts. The core means are to issue more stocks and cash out debts. It is predicted that there will be the following five major development stages:

1. The first stage: the stock market soars and continues to rise, retail investors enter the market, and foreign capital waits and sees. The core performance is that the daily trading volume is 1-3 trillion, and the weekly increase is 400-600 points. For example, in the early stage of the bull market driven by certain favorable policies in history, a large number of retail investors were attracted to enter the market, and the daily trading volume rose rapidly. Just like the bull market started in the past, retail investors followed suit and the market was hot.

2. The second stage: the stock market's rise slowed down slightly, foreign capital began to enter the market in small amounts, institutions actively deployed, retail investors were full of confidence, and the daily trading volume remained at 2-4 trillion, with a weekly increase of 300-500 points. At this time, the market atmosphere was enthusiastic, and people were discussing the future direction of the stock market.

3. The third stage: the stock market fluctuates, foreign capital increases investment, institutions have differences, some retail investors begin to be cautious, daily trading volume fluctuates between 3-5 trillion, and the weekly increase and decrease range is 200-400 points. Everyone's mentality begins to become complicated, expecting continued rises, but also worrying about the risk of decline.

4. The fourth stage: the stock market has a significant correction, foreign capital has partially withdrawn, institutions have reduced their positions, retail investors are panic-stricken, daily trading volume has dropped to 1-3 trillion, and it has fallen by 300-500 points in a week. The market is tense, and people begin to reflect on their investment decisions.

5. The fifth stage: the stock market gradually stabilizes, foreign capital flows back, institutions re-arrange, retail investors are hesitant to enter the market, and daily trading volume rebounds to 2-4 trillion, with a weekly increase of 200-400 points. The market begins to look for new directions and momentum.

Personal opinion: It is normal for our stock market to rise and fall. The policy bull market is coming, everyone is excited, but we can't blindly follow the trend. We have to see the situation clearly and invest rationally. The stock market is like an adventure, with risks and opportunities. We can't just think about making money, we have to consider the risks. The country's policies are also for better economic development, and we have to support them. But we can't invest all our assets in it, we have to leave ourselves a way out. #大A香还是大饼香