论文部分内容阅读
股市从大牛市到大熊市,股民从疯狂到绝望,经历了一次不堪回首的轮回。截至2008年12月底,A股市场股民约为5750万户,据推算,在这一轮熊市中,每个账户平均损失38万元。再翻翻10家券商类上市公司2008年三季报,仅国金证券一家净利润呈现增长态势,其他券商的业绩均不理想。业内人士认为,我国券商最根本的问题就是盈利模式单一,过度依赖二级市场,业绩完全由市场涨跌决定,属于“靠天吃饭”。牛市来临,在漂亮的业绩面前,任何问题都不是问题;而熊市一来,所有的弊病都暴露出来:证券分析师队伍鱼龙混杂,乱写投资报告;经纪人“忽悠”散户,胡乱推荐股票……正如“股神”巴菲特所说,每一次当潮水退去时,才会发现到底是谁在“裸泳”。牛市中,曾经点石成金的分析师、曾经月薪上万元的证券经纪人,如今已风光不再。那么,这些曾经在证券业“叱咤风云”的人物,到底是些什么人?
The stock market from the big bull market to the big bear market, investors from crazy to despair, has experienced an unforgettable reincarnation. As of the end of December 2008, there were about 57.5 million shareholders in the A-share market. It is estimated that in this round of bear markets, the average loss per account was 380,000 yuan. Then turn 10 brokerage companies listed companies in the third quarter of 2008, only a State Securities net profit growth, the performance of other brokers are not satisfactory. The industry believes that the most fundamental issue of China’s brokerage business is a single profit model, over-reliance on the secondary market, performance is entirely determined by the market up and down, are “dependent on the weather”. Bull market, in the face of the beautiful performance, no problem is not a problem; the bear market, all the drawbacks are exposed: the securities analyst team mixed, indiscriminate investment reports; brokers Just as Buffett said, every time the tide recedes, will it be discovered who is in “nude swim.” In the bull market, analysts who used to turn a stone into gold, securities brokers who once paid a monthly salary of over 10,000 yuan, are now no longer in sight. Well, these people once in the securities industry “all-powerful”, in the end what kind of person?