Bullish or bearish? It's a problem.

"To be or not to be, that's a problem." "is a famous quote from Shakespeare. And that phrase could just be in the heart of a recent private-equity investor. But the question of annoyance translates into "bullish or bearish." "According to reporters, the overall view of the private sector is now divided quite clearly."　　Whether it is, in recent years the overall outstanding performance of private placement, or poor performance of private placement, or optimistic about long-term private placement has been a serious divergence of views. Among them, the past outstanding performance, investment experience more rich ethnic groups, the overall view is not particularly optimistic. The main difference is whether the position has been significantly reduced in the near future.　　In other words, the main is divided into defensive strategy to wait for adjustment, the point of view does not see much but the strategy of the two factions. Overall, the main basis of the adjustment is the current market performance and stock valuation. Some investors believe that the characteristics of some of the stock bubble has been very obvious. And the large-cap stock is continuously started several times can not complete the mission. The overall valuation difference between small and large stock markets across the market rose to more than 2.5 times times. That has put some investors under pressure.　　And then to a certain degree of defense or stock-exchange operations. By comparison, the approach of the investors who have long and pessimistic views on the strategy is more flattering. Most of these investors are the bottom-up investment style.　　Emphasis on not observing the market, through a stock selection to avoid the overall market risk and other views. In addition, there are institutions that will adopt a certain trading strategy to control risk. For example, set the stop to follow and so on. Stocks to rise but watch changes at any time.　　This group of investors is now quite active in the whole industry.　　This year, the overall performance of the organization after the divergence of views is also clear. Among them, in particular, some of the institutions that have fallen more sharply last year, are clearly bullish on the market, or are likely to think that China's leading global recovery after the global bottoming out may be growing.　　Or think that this year will be the overall market in the rebound, and so on the fundamentals and valuation of optimism prompted a group of sunshine Private to take active action strategy. At the same time, for China's macroeconomic is not optimistic, and then the market pessimistic private placement is still there.　　At the heart of the point is that the economy will not grow smoothly, the Chinese economy will have to bottom out two times, and fear that the reversal of liquidity may bring significant market risks and so on.　　And no matter what strategy they take, the psychological pressure of performance and market pressure is their most important interference. In addition, a number of long-term investors, but also in the recent big differences. Their differences, however, seem to be more focused on the long-term performance and reasonable valuations of corporate profits. Some of these long-term value investors have made clear that they are bullish on the future of China's economy, and that, in any case, China's economic future is a big trend, so consider actively grasping and holding the current long-term variety and so on.