Hong Kong stock ETFs and short-term hype

Zeng a while ago, the US government announced that 10 of the 19 major bank stress tests were unqualified and needed to raise money in the market. In theory, this should be bad news, but the market will be bad news as good news speculation, the plate was fired up.　　The analyst explained: "The uncertainties that haunt the market are clear, the market is not afraid of bad news, but the news is not clear, because uncertainty means a bottomless pit."　　But the stock market fell sharply last week after the U.S. consumer-retail data were released last month, and this time, bad news is bad news, not good news.　　The reason is that the stock market has risen quite a lot, and should find a reason to adjust. In fact, today's consumer retail market in the world, including China, which still has a 6.5% growth rate, is not ideal. It is well known that you can see it in a retail consumer place, as is the case in Hong Kong and the mainland. A while ago, the stock market rally was not a reflection of the current market, but a speculation about the future of the market, which is why the stock market often run on the front end of the most fundamental reasons. Buying and selling stocks is gambling in the future, as 2007 years, Alibaba's P/E as high as 100 times times, still someone rob buy. The analyst explained: "The company's growth rate is very high, after two or three years, P/E may fall to 20 times times, 10 times times".　　Of course, such an explanation only applies to great bull market, in the Big bear market, P/E 10 times times is already very expensive, the markets are more P/E 5 times times the stock. I am not good at short-term hype, I buy and sell the stock method has always been bought after the side ignore, until I think a big round of the bull market is almost over, just started to sell stocks. However, early this year I began to learn the short-term hype, take out some of the money as a game play. A while ago, I have several times to mention the 16,000 points of the Hang Seng index resistance line, then 16,000 points have been breached, the Hang Seng index straight up to 17,685 points, rose to many people like to determine the advent of the bull market on the 250 daily line began to turn around, then a sharp rebound, but this level.　　In theory, no one on hand does not have to rush to buy stocks, and a more presentable round of adjustments is most likely to emerge. 　　Of course, according to the theory of short-term speculation, you can say that the adjustment of the past few days can be said to be just a shock warehouse, after a shock warehouse will be again high innovation.　　Alas, the short-term hype is indeed very difficult, I continue to hold the shares have been held, continue to wait and see. Last week, I poured cold water on Hong Kong stock ETFs, and I think there will be a difference in share prices in the future after the successful listing of ETFs in Shanghai, and the rise in Shanghai's ETF stocks may not necessarily be beneficial to HK-listed stocks. However, in the future, once the ETF is successfully listed in Shanghai, the market will still have a round of speculation, speculation which stock will be listed in Shanghai.