I am eagerly looking forward to the new high of the big cake

I used to like to say bad things about A-shares. I said it a few times and accidentally became a blue V on Weibo. I had thousands of fans, but then my account disappeared. I never said it again after that.

But it can be seen from this that there is no expectation management for A-shares, or it can be said that expectation management is extremely diode. It only allows you to say good things, not bad things. The expectation it gives you is to keep painting a big pie, and it wants to give you a definite and bright future.

Anyone who has played in other markets knows that a mature market must be able to play with expectations. It can even be said that whether the expectation management is good or not determines whether the financial development is good or not.

The Federal Reserve is the best at playing with expectations. Raising interest rates is a big negative, but it says that the US dollar will strengthen as a result and money will flow to the United States, which is a good thing. The interest rate cut in September should be a big positive, but it says that this means that there may be a risk of recession in the economy, which is a negative. Every step of the old Americans is always mixed. Bad news is good news, and good news is bad news. It depends on one's opinion. It will not give you a very certain direction, but in fact everything is under its control.

On the other hand, the A-share market is just like a diode. If it is painted too much, no one will believe it. The result is a situation where there is no credibility and no confidence. The trader needs to spend a lot of money to control the situation a little bit.

I am talking about controlling the situation. I am not saying that the A-share market cannot rise, but that it cannot be controlled, because the expectation it gives is a very certain expectation. It is not afraid that it cannot rise, but that after it rises, you will mess around and it cannot stop. It is not afraid that you will not come, but that you will mess around.

The real "rise" must come out of doubt. An expectation that is too certain will only lead to a run, because it is all good news, all good news, queuing to enter the market, you can't buy in when it rises, and when you can buy in, you can't sell it when it falls, because at that time it is all bad news.

There is bad news hidden in good news, and good news in bad news. True and false, false and true, this is a qualified expectation management master.

No one can understand it, so you can have fun. Everyone understands, so there will be a run on the bank. History has proven that when there is a run on the bank, only those with a pass can get in. There are too many stories involved, so I won’t go into details.