Traditional Culture Encyclopedia - Traditional stories - What does 419 quotation mean?
What does 419 quotation mean?
The 419 market refers to the rising market in the stock market during a specific period from April 19 to May 5 every year.
This statement originated from the traditional concept of the Hong Kong stock market, that is, the probability of the stock market falling in May is greater, and the probability of the stock market falling in June is greater, so there is an obvious turning point between April and June.
The emergence of the 419 market is related to the market’s concerns about factors such as slowing economic growth and declining corporate profits.
During this period, the market often presents some oversold rebound opportunities, and investors can seize these opportunities appropriately.
What does 419 mean in the stock market?
The stock market 419 refers to April 19 every year or the day before and after (if it is a weekend, it is the two days before and after the day). The Shanghai Composite Index is prone to plummeting.
According to the observation of past historical trends, from 2007 to April 19, 2016, the A-share market has declined to varying degrees, even in the bull market of 2015.
Therefore, the stock market 419 is also nicknamed the "419 Curse" by investors.
However, in recent years, there have been cases where the stock market has risen 419, such as April 19, 2021.
Therefore, investors should not let the so-called curse affect their investment emotions.
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