Why is the stock market bounce up less than expected?

The central bank cut interest rates sharply lower and the deposit reserve ratio has not brought the stock market blowout, though the stock market opened in 2000 washed up on the crossing point, but did not maintain the stock market's rise, but fell all the way, although at the end to hold onto the 1900-point barrier, but only full-Prev Close up 19.98 points, or only 1.05 percent, far below expectations. Why are so disappointed with the performance of the stock market, is the Government's rescue measures are not enough positive, is not the Government's introduction of such a big move to cut interest rates, investors that the Government is to promote the Chinese economy has maintained stable and rapid growth in the determination of the Government's attitude Are very clear, with no market, it is clear that speculation in the stock market panic still can not remove. No stock market rose sharply on selling pressure still exists, and there are several reasons for the sell-off of several possible under the First, the size of the non-waiting to flee, as long as the stock market has gone up, non-small (including the size of some of the restrictions are) will be part of the sell-off Stocks as well, after all, their very low cost of ownership, as long as profits are made, or to make repeat Chiral, of course, not all of them out, but they will also sell a small amount of the stock market's rise caused by a fatal blow. Second, institutional investors, some of the speculation, though they are in the market in the stock market is also scarred (more than half of the wealth is shrinking), but their short-term speculation and the desire of the stock market downturn will not be reduced as long as the stock market in Any sign of trouble They will stir up trouble, some of the Third Ordinary investors have been several times before the soaring stock market crash frightened, that the stock market to soar to stimulate positive, but after the stimulus, as will be the first to fall, so that the range of the stock market Xiantao end up on the best, so that's good government policy one day after the digestion. Whether that is the reason, this shows that stock market investors in the future economic outlook is not very optimistic, although the rate cut to stimulate the economic recovery is certainly a positive role, but it is short-term effect will not be obvious, especially For a number of small and medium enterprises, their problem is not high interest loans, debt on the central level (there are more loans to real estate developers) may reduce some of the financial cost. However, the real crush of business is not a major factor in interest payments, but the market is no shrinking revenue, would add much-needed corporate funds to maintain operations. The current bank lending standards and no real open one's mouth, after all, the bank is also the enterprise, the United States has just taken place by the financial crisis arising from the Subordinated Debt, Bank lending is now more cautious. Therefore, despite the country announced investment plans are very attractive, especially local investment plans are more ambitious, but not easy to raise funds, local governments do not have adequate financial resources to support its huge investment, bank loans can not be implemented, many of the magnificent The plan is also on the drawing board, which is why investors have put the country's economic recovery plan are still wait-and-see attitude of the main reasons. In the stock market sell-off pressure is not small, the macro-economic prospects remains to be seen, the stock market out of disappointment on the market can be understood, but people should look at the optimism of China's economic development and the future of the stock market, China's economy now has a lot of momentum into, These power will continue to enhance the accumulation, although the decline in the current state of China's economy to start up a lot of resistance, but the start of China's economy will definitely come, and if China's economy to start up, pre-implantation will be the driving force of China Economic take-off again, the capital market will usher in another spring. Of course, investors need to be patient, may have to wait a year or even longer period of time, as short-term stock market can not be a qualitative leap in the stock market is at the top of the station by 2000, investors will not be pursued.