论文部分内容阅读
证券市场的市场属性还是十分明显的,所谓市场属性就是它能够十分准确地反映资金-股票间的供求关系。在网络概念出现的初期,股市中的网络概念股是供不应求的。这时它们的股价就会飞涨,决定股价高低的主要因素既不是市盈率,也不是它的成长性,而是资金面充裕与网络股数量不多之间的供求不平衡关系。
The market attribute of the securities market is still quite obvious. The so-called market attribute means that it can very accurately reflect the supply-demand relationship between capital and stock. In the early days of the Internet concept, stocks in the internet were in short supply. At this moment, their stock prices will skyrocket. The main factor that determines the price level is neither the price-earnings ratio nor its growth, but the unbalanced supply and demand between the abundant capital and the low number of internet stocks.