The maps we scrambled together in those years: Madness and silence.

Daily economic News (blog, Weibo) reporter Li Liu Mingtao said "speculation map", a little experience investors know, this is definitely not a new term. In the history of a-share a number of "speculation map" of the history, which is the most impressive, when the 2008 4 trillion, the rise of regional revitalization planning triggered a round of quotes. Now in Shanghai, under the guidance of the trade zone, a A-share speculation of the wind again prevails, easy to scrape up a trading tide, so that the participation of those who rejoice, but also let a lot of the missing person annoyed unceasingly. But how long will the market last? How much is the value of participation? "Fried map" has a tradition as early as in 2008, 4 trillion investment plan announced, a regional revitalization of the wind swept the country, all over the region to launch a regional revitalization plan, which also stimulated the two-tier market funds follow the hype. At that time, the market called "speculation map." December 2008, the Pearl River Delta Reform and development plan; February 5, 2009, on the promotion of Chongqing urban and rural reform and development of a number of views; April 29, 2009, Shanghai announced the construction of two financial shipping center; on May 14, 2009, Fujian announced the construction of the economic zone on the western coast of the strait. Subsequently, Hainan International Tourism Island, Chongqing "Liang Jiang" new district, such as regional revitalization plans springing up in 2009 flocked to appear. The regional concept becomes the largest thematic investment opportunity of the 2009. "Daily economic news" reporter noted that in the regional concept of speculation, real estate stocks become the most sought after the object. In January 2010, the first 10 stocks of the Hainan plate were all involved in the house, including the development of the Dayton (600209, shares) 1-month boom 85%. At that time, under the macro-economic situation, the main point of regional planning hype is real estate stocks, followed by building materials, cement, business shares. Regional concept of speculation is very strong, from 2008 has been extended to the middle of 2010, this is obviously not the effect of blind speculation can be achieved, the regional concept of speculation has its intrinsic foundation: first, a series of revitalization of the investment effect of the policy will be a large extent through the regional industry cluster effect to reflect The second is that local governments, under the impact of the financial crisis, are trying to stop the downturn. The most recently known "Scrambled map" market, broke out in the first half of last year. March 28, 2012, the establishment of the Wenzhou City financial comprehensive reform test Area news, and then triggered the market for the Wenzhou Gold concept shares of the fanatical pursuit. The next day Zhejiang Dongri (600113, stock bar) A word board trading, and in the subsequent three trading days continuously trading. Subsequently in Zhejiang Dongri continuous trading in the drive, the theme of gold change the popularity of "bursting", Zhejiang Province, the scope of Xiang Yi Rong (600830, shares bar), Zhejiang Oriental (600120, shares bar) and other stocks have become the object of looting. In April, Shenzhen to introduce a series of major financial innovation policy rumors circulated in the market, Shenzhen Local shares took the gold change theme of the "baton", Deep Hua A, deep property A, such as Shenzhen local shares rose. In the same time period, the market again out of the lakeNorth will introduce a series of "new Sanbanxi" and other supporting financial innovation-related policies, the Tianjin municipal government has reported to the Binhai New area as a financial reform pilot and other news, as the financial center of Shanghai Local stocks are also ready to move from the Wenzhou gold reform triggered a round of "speculation map" to climax. However, looking back, in this round of speculation, the rally is still the most aggressive as the gold to change the core area of the Zhejiang Plate, and the leading Zhejiang Dongri has always been the goal of money speculation. From March 29, 2012 the first trading to April 25 speculation into the end, the stock price rose nearly twice times. But after the market focus shifted, these former funds darling quickly abandoned, Zhejiang Dongri is ushered in a round of months of decline, almost fell to the position before the rally. It is worth mentioning that, and the gold reform hype similar to the 2008 4 trillion economic stimulus policy triggered by "speculation map", the end of the dismal ending, many stocks in the short-term speculation, the stock price then fell back. From the historical point of view, "speculation map" started in the early days do have a certain amount of money-making effect, but with the passage of time and hot transfer, money-making effect is becoming weaker, and finally become a drum pass "thunder" game. Hype or calm "I don't know if you have noticed, in fact, local stocks in Shanghai every once in a while, perhaps a year, there will always be a wave of market, such as the previous Disney, the pretext is not the same, speculation may also be different. Shenzhen an investment company senior to the "Daily economic news" Reporter said that the FTA is a positive, but the key is that the positive impact on the performance of listed companies no way to quantify, I am afraid this problem even listed companies themselves can not answer, the outside world naturally there is no way to estimate its value. In such a context, why is there money constantly hype? In fact, the answer is very simple, these funds are not concerned about the fundamentals of the company, mainly hot money short fry behavior. So, in the vast majority of the stock rose behind, basically do not see public funds figure, because public offering investment behavior or to see the company fundamentals, this hype and their ideas completely different. The person also said that in addition to the trade area, other areas of speculation is obviously a copycat, from the hype and sustainability can be seen, in fact, many are believed to ignite the information of the enthusiasm of the funds, is nothing new, just a pretext for money speculation, such as by the concept of land circulation to ignite the Hainan plate, In fact, the relevant information has been before, but there was no hype before the market atmosphere. The daily economic news reporter noted that this round of Hainan local stocks in the representative of the "big and small" combination (ie Luonishan (000735), stock bar) and Rawdon development), in fact, in the past, the theme of the international tourism island speculation, has been the focus of funds on the object, known as the land circulation of the hype, just "new bottles of old wine "Just. A brokerage analyst also pointed out that the free trade area concept of the core of speculation in the trading flow and land-benefiting stocks, in the FTA before the listing or there will be opportunities. In the coming period, the concept will diverge. At present showered,Some stocks that have no land and no direct benefit in the FTA are also being hyped, and such stocks should be aware of their risks. From a longer period of time, the final speculation is dust to dust, soil return to the soil. Like that year's Pudong development, Disney, Shanghai's state-funded reform and other hype, now see how most are going up, how to come back. In general, the concept of the FTA and its ignition of the "speculation map" market, in the extreme time to produce a number of strong stocks, but fundamentally, today's lack of support for stock prices, perhaps this strong market will continue for some time, but the longer the strength, the bubble burst after the destruction of the greater, For investors who have not yet intervened, it is not the ideal choice to intervene. There are market participants to reporters, whether this is the FTA, or before the gold change, or before the various concepts of speculation, the market to seize the leading often only one or two, and the one or two leading stocks will become the entire concept plate can continue to hype the barometer. From the historical experience, the leading stock once a continuous fall, will be the hype of the popularity of a great negative impact, or even announced the end of speculation. Therefore, investors should pay close attention to the stock after the rising of the Hong Kong group (600018, shares), if there is a special stop or a fall, then the risk of the entire sector of the FTA may soar. In addition, the above market people also remind that, after Shanghai, the emergence of the concept of the trade area of the speculation, most of the listed companies because of the geographical location of Lenovo, market funds did not have time to select a stock, rushed in. This large area of speculation, from the point of view of money, is unsustainable. As in the Monday, including Ningbo port (601018, shares), Nanjing Port (002040, shares) and many other port stocks fell, and continued to fall in Tuesday, blindly follow the investors lost. As a result, investors need to be cautious about stocks that have neither the performance nor the real concept of a free trade zone.