it is the economic recovery performance.

Basic conclusion

10 月份 A shares recorded the strongest rise in 15 months. After first half of the stock index continued to fall,doudoune moncler, the valuation of July 8-September repair of consolidation and structural bull market, the October market,moncler pas cher, broad based, Shanghai Composite Index rose 12.2%, recorded the biggest gain in 15 months .

global bull market has begun. Now, led to the decrease in the first half of A shares of factors, including economic trends related to stock the state agricultural State Securities stagflation, policy control to suppress, and long-term financial stability and economic growth concerns, or for the end of the three basic market adaptation. In the corporate earnings growth,abercrombie france, liquidity is relatively relaxed,moncler quincy, supported by attractive valuations, the market has evolved from the structural bull market in global bull market.

direct transition to the macro-economic recovery from the stagnation phase. PMI index continued to rise, the momentum of rise in food commodity prices weakening,moncler, economic growth picked up is being verified, CPI down judgments, it is the economic recovery performance.

liquidity remains ample, off-market investors to accelerate the signs are obvious. Board in the card data released, to open the stock since October, the fund rapidly rising number of accounts. Golden State's capital securities business department monitoring data show that the scale of capital inflows in October off dramatically enlarged the proportion of customers to reach 7% of capital inflows.

stable earnings growth expectations, the valuation attractive. Three quarterly publication of the recent shows 30% of 2010 earnings estimates can be basically achieved; market earnings growth in 2011 is expected to basically stable at around 20%. Currently, the Shanghai Composite corresponding dynamic 17x PE, diluted to less than 14 times after 2011, the valuation is still low.

more balanced configuration, more emphasis on offensive. From the big trend, into the global bull market, we believe that allocation should be more balanced,air jordan basket, buy and hold approach to investing in relatively poor circumstances, and only the time value of lost opportunity cost. The current phase of economic recovery, background, configuration, more emphasis on offensive and more optimistic about the cyclical industries, including upstream resources, finance, consumer durables and middle reaches of the manufacturing industry, the attraction depends on the cycle of consumer staples stocks, rather than its own.

upward in the market to determine the overall premise, we believe that the rising middle reaches of the economy and policy support for the new industries will continue to be sought after, while the resources and consumer goods seesaw between the short-term effect exists,abercrombie & fitch, it is recommended in the Fed become clear after the U.S. dollar short-term resolution camera choice.

Jiancang boom continued recovery in the upstream. Stage of economic recovery,ralph lauren pas cher, the rise in demand for middle and upper reaches can provide sustained growth momentum, rising boom continue to be optimistic and strong sales of chemical fiber cars, home appliances and other consumer options. The long-term upward market, also means that securities firms and insurance assets to improve sustainability.

short-term interest of the seesaw of resources and consumer goods. Oct. resource materials main benefit from the rapid rise in the currency depreciation of the dollar factor, the improvement of future demand side will bring new drivers, support the continuing rise in commodities, but the short-term fluctuations in U.S. dollar is still the main resource products industry volatility factors. We recommend early November Fed meeting on interest rates after the U.S. dollar clearer line of cameras. Fed easing if the intensity is less than expected rebound in the dollar, we suggest that the configuration being more consumer goods. If the dollar breaking down, then continue jiacang upstream. Among stocks in the consumer, food and beverage, commercial, textile and garment industry of seasonal season more attractive. (Editor: Newshoo)
Sohu Securities Statement: The information content in the channel co-cited in the media and partner organizations, does not represent their views and position of Sohu Securities recommended investors cautious on this information to determine, pursuant to the stock market, own risk.
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