Maotai has now obviously left the reasonable valuation area and reached the position of the second bubble in history, second only to 2007.

Even if Moutai's current net profit drops to only 10%, most people are still optimistic about Maotai.

The reason is that it is still rising;

There are still new funds participating in the group;

Because the stock price is too high and the chip concentration is strong, no one runs and no leeks take over;

Therefore, Maotai has hit record highs.

This situation has actually happened in every bull market.

Just like the big bull stocks of 20 15: LeTV, Xinwei Group, Kangmei Pharmaceutical, Kangdexin, Giant Network, Stormwind Technology, Chinese Online, Yinzhijie, An Shuo Information, Robot, Shuanglu Pharmaceutical, Tasly, Changyu A, Suning Appliance, etc.

The endings all ended in a big drop.

Now from 2020 to now, big bull stocks will have the same ending, and everything is hype.

It's just that we don't know when such a bubble will pierce us. After all, the bull market says nothing, and the bubble says nothing.

Now, unlike the original bull market,

In the past, the group only existed in industries and hotspots. Today's baotuan, euphemistically called "value investment", actually carries a lot of white horse stocks, which are often contrary to brokers and most stocks in history.

In other words, the bear market is when they hold a group, and most stocks will fall;

Nowadays, in the bull market, "19-year differentiation" appears again because of the advance entry of foreign capital and follow-up funds, and it is still in the bull market, so the "stock market disaster bull" appears!

Then, nearly 3 trillion Kweichow Moutai, with a valuation of more than 60 times, is the market crazy or are we too rational? I think the market is crazy!

The rise of 5G was suppressed by the United States;

At the beginning of chip manufacturing, it was suppressed by the United States;

Tik Tok's overseas edition was a great success and was suppressed by the United States;

The rise of artificial intelligence enterprises was suppressed by the United States;

Even Alibaba, a great internet company listed in the United States, was suppressed by the United States;

Think about it!

Why did Moutai's share price soar and its market value increase greatly, but it was not suppressed by the United States?

Because the "sauce-flavored technology" can't rejuvenate the country, it can only be rewarded;

The more others want to suppress us, what are they most afraid of;

China's great rejuvenation depends on technology, not wine.

Besides, the stock market has never only gone up but not down!

Nearly 3 trillion Kweichow Moutai, with a valuation of more than 60 times, is the market crazy or are we too rational?

Through this question, let's talk briefly.

At the moment when Maotai stood at 2300 yuan, there was a joke circulating in the stock market that day. One sauce dries ten thousand shares. Why do you say that? Because only Maotai rose sharply that day, and most of the stocks in the hands of retail investors were falling, some even fell, while others entered the downtrend channel for a long time. So let's look at a picture:

As can be seen from the figure, the price-earnings ratio of Maotai has reached 60 times, the total share capital has reached more than 2.9 trillion, and the market value is nearly 3 trillion. It can be said that it is a big and beautiful model of China A-share market, which has played a leading role in the model.

Let's take a look at the stock index chart of CSI 1000, most of which are small and medium-sized market capitalization. It is obvious from the chart that the graph has gone bad and the trend has been in a downward trend. It can't be said that there are no good stocks in it, but the current trend of the index has already explained something, which represents the hearts of our retail investors.

Through the comparison of the above two pictures, it can be seen that Kweichow Moutai meets the definition of blue-chip stocks supported by our policies, while liquor has exceeded our retail investors' understanding of the stock market. It can be said that many retail investors in the current stock market will not choose to buy Maotai because it is too expensive, but in our market, expensive is good and good is expensive, but this situation is real.

Judging from the P/E ratio and market value of Maotai, we can only say that the funds in the market are crazy, but we retail investors can only watch but not do it, because the whole liquor sector is also dividing, and this division is that Maotai leads some first-line and second-line liquors with better quality to rise, while those small liquor investors in the third and fourth lines can afford it, but they also fall more. We can't say that the stock price of Maotai is too high. It can only be said that we have lost the direction of capital recognition in this market. The author once held Wuliangye and Jiugui Liquor, but failed to hold them in the end. Generally speaking, we have been shouting the slogan of rejuvenating the country through science and technology, but our capital has only gone in the direction of holding Maotai together. In the end, it is realized that investors buying technology is equivalent to increasing patriotism.

I hope more investors will speak enthusiastically in the message area to discuss and grow the future together!

A country, a nation, and the authorities of an era can't escape the expansion after the outbreak.

Decades of economic development, luxury consumption in the form of material desire, and financial management mode characterized by investment speculation. It is a ditch that must be turned over in this era.

The price and stock value of Moutai combine these two characteristics and form the present situation.

I thought Maotai might still be sought after and pushed up, similar to Chinese aunts pushing up the price of gold. But it is only a matter of time before governance and correction.

For China, it is the direction of developing basic economy, national economy and people's livelihood, and modern science and technology economy. Anything that goes against it will be corrected.

So, don't envy others for making money. It's safest to put money in your pocket.

"Water culture" prevails in China. Its masterpiece is the "water king" Maotai stock in the stock market.

Water culture will eventually be replaced by the hard-core power of science and technology.

Therefore, it is necessary to bet on the national games to buy stocks, or to focus on technology stocks and biopharmaceutical stocks (the performance must have good expectations). 202 1 may be the spring of small and medium-sized stocks with market value below 30 billion.

As for the high-end stocks with a market value of more than 50 billion, let's take it slow. After all, from the ultimate point of view, "water flows downwards"!

Look at the American stock Tesla and you will understand.

It's really not expensive to exchange Moutai shares for dollars. There are many stocks in the American stock market that are more expensive than Maotai. China's stock prices are generally low, which is basically equivalent to low corporate profits and low returns that stocks can give investors. At present, only a few industries in China have higher tax rates, and the tobacco and alcohol industry is the representative. If tobacco companies can go public, I'm afraid the share price will be higher than that of Maotai.