Why is 3000 points the focus of repeated struggles in the history of A shares?

First of all, 3000 points is a very important point in the minds of investors. At present, the political status of A shares at 3000 points is very high, which can be said to be overemphasized, which is unique in the history of A shares. This is the inevitable result of China's economic development to the present stage and the A-share status rising to a historical height. It can be said that the financial supply-side reform has upgraded the strategic position of the financial market as never before, the new round of capital market infrastructure construction has also been rapidly promoted, and the rapid landing of technology stocks means the arrival of A-share political dividends and institutional dividends.

Secondly, historically, A-share market is often related to system construction, and it was launched at an important turning point. The P/E ratios of A-shares up to 3,000 points are 13.4 times and10.5 times respectively, which are still at the historical low of 3,000 points. Specifically, 43% of the 3000 A shares have a P/E ratio of 0-30 times. Statistics show that the current A-share price-earnings ratio of less than 30 times is the highest in history at 3000 points.

In addition, at present, 25% of A shares with 3000 points have a P/E ratio of more than 50 times. Statistics show that the current A-share price-earnings ratio is over 50 times, which is the lowest level in history, 3000 points. Comparing the market valuation and profitability of 3000 points in history, we can see that A shares of 3000 points have been valued. Looking back at the trend of 3000 A shares in history, we can clearly see that A shares are a barometer of the profitability of listed companies. The stock market is always ahead. In fact, I don't understand value investment! This was many years ago? Overestimate? , higher than the median of 3000 points.

Comparing now, there will naturally be wrong judgment results. Today's valuation equivalent to 3000 points is lower than the median, which is not an obstacle. Similarly, we have also confirmed a truth: valuation determines value, and value determines investment, which is valid in any market! Finally, we can see that people pay more attention to A shares, because it is Feng Shui Ling.