The market ahead of the advent of low or.

<P> ● With the overseas markets to stabilize and decline in valuation due to non-reduction of refinancing and the size of the expected weakening of the factors that affect the domestic stock market is improving. .</ P> <P> ● The rapid recent market fell sharply is not sustainable. .Lows may be ahead of the market coming, or already ahead of the arrival. .Part of the valuation of stocks and some sectors has fallen to the value of the range, began to show long-term strategic value. .</ P> <P> ● size of the non-lifting of the ban is a long-term future development of factors to control the market, the proposed capital market authorities to balance the market supply and demand as a basic principle and unremitting task. .</ P> <P> It http:// News, Galaxy Securities Research Center Tengtai yesterday in an interview with this reporter, said that despite recent stock market caused by the continued substantial decline in uncertainty has not been eliminated, but this .rapid decline is not sustainable, the market lows may have come earlier. .</ P> <P> for the market's recent sharp decline, Tengtai that major overseas capital markets, tight monetary policy and capital market supply and demand imbalance in the three major uncertainties common market valuation driven downward move. .</ P> <P> from external factors, the U.S. subprime mortgage crisis led to the outbreak of the relevant overseas markets have continued to adjust and indirect impact on China's market. .Since the current round of European and American stock market's decline, not because the valuation is too high, but the economic slowdown caused by reduction in the level of listed companies due to yield. .Therefore, this fall will be a long slow process. .The subprime mortgage crisis, further accelerated flow of capital, resulting in the Asian market, especially the Hong Kong market's decline occurred in Europe and America market overreaction. .</ P> <P> the other hand, Teng Tai pointed out that the market for refinancing and the size of the non-reduction of the expected fear, showing rapid decline sharply index, which is a short-term overreaction. .Refinancing just an expectation, while the size of the non-lifting of the ban is a sustained release process is a long-term behavior of stock in such a short period of time, the sharp fall in the form of concentrated burst out, not only be ahead in time .and expressed as a over-reaction. .</ P> <P> "With overseas stock markets stabilized and the resulting decline in the valuation and size of the refinancing is expected to weaken non-reduction, the factors that affect the domestic stock market is improving. But to be significantly alleviated, have to wait until the second year .end of the quarter. "Teng Tai said. .</ P> <P> Nevertheless, Tengtai expected, the recent sharp decline has been rapid market performance of the excessive reaction of the above factors, it is not sustainable. .Lows may be ahead of the market coming, or already ahead of the arrival. .Part of the valuation of stocks and some sectors has fallen to the value of the range, began to show long-term strategic value. .</ P> <P> Tengtai that gradually stabilized the situation in the neighboring market, accelerate the appreciation of the renminbi, the domestic economy will maintain rapid growth in the context of the valuation of stock has fallen space, the stock market's fundamentals remain the better .. .With the new Development Fund for the gate opening and a quarterly disclosure of listed companies, stock will be gradually stabilizing. .</ P> <P> the same time, Teng Tai also said the size of the non-lifting of the ban is a long-term future development of factors to control the market, capital market authorities should balance the market supply and demand as a basic principle and unremitting task. .Only in this way, China's capital markets to long-term prosperity and development. .</ P> <P> Related: buy clothes and see if you fit in the stock market </ P> <P> New York Times: A ratio of anti wealth effect or the United States urgently </ P>.