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Shanghai Stock Index broke 2800

Source: Internet
Author: User
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The Shanghai index broke 2800 points, and many people felt very depressed. I casually read a stock price-to-earnings ratio of 24 times.
That is to say, it takes 24 years for you to recover the cost by investing 1 RMB today. Even if we don't compare it with Hong Kong in the United States, we think this 24 years is still high. Why is the current plunge not the return of value after soaring growth? The stock market cannot generate wealth on its own, and the price is still reasonable. What is reasonable? It is to give long-term confidence and hope. For example, today is 12 RMB, and next year may be 8 RMB or 18 RMB, instead of 30 RMB or 5 RMB.

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