阿珍股市大众化是错误定价和牛熊交替的重要条件（A Zhen the popularity of the stock market is an important condition for the mispricing of the stock and the replacement of the bull and bear）.docVIP

阿珍股市大众化是错误定价和牛熊交替的重要条件（A Zhen the popularity of the stock market is an important condition for the mispricing of the stock and the replacement of the bull and bear） No mass, no large number of non professionals involved, there wont be a bubble in the world arms trade, in the introduction of technology, in the field of strategic purchasing has never happened in these areas is not easy to bubble, pricing, on the contrary these areas are extremely difficult to pricing, these areas no bubble reason is that the transaction occurred these industries are among professionals, each pricing of both the buyer and the seller are experts, the price is relatively close to the value of some complex pricing and the transaction will not occur bubble, bargaining between the core reason is that this kind of business professionals, who have bargaining power in the professional level the number of participating, pricing is limited. Every bubble is in the market after the masses, such as the famous physicist Newton got bankrupt British South Sea bubble, such as the earlier Holland tulip bubble, such as the formation of Chinese previous bull market bubble, there is a large number of idle workers poured into the independent market bubble formation. Not a lot of people involved in the asset pricing is not grasped by the masses without bubble, not all nausea nausea bubble, bubble are people crazy in pricing by crazy people master the results. Britains South China Sea bubble is almost everyones level of participation. Newton was a scientist, attracted in the market under the warm atmosphere of speculation, Newton has also been a crazy speculative boom to attract capital market, even serious scientists are lonely, put the scientific research into the stock market, the British stock market almost did not participate in, everyone involved in the case, a large number of professional knowledge and business people to participate in lower market valuation. Here want to say is, people more power is a