摘要：It’s clearly been an extremely jocund day today once again for a small percentage of the ever-optimistic obstinate hidebound veter

It’s clearly been an extremely jocund day today once again for a small percentage of the ever-optimistic obstinate hidebound veteran market observers who have been bullish on the long-term market run. After all, all three major stock indexes continued to soar because of the torrid state of the domestic stock markets. It is unassailable that the previously floundering domestic stock markets were full of bonhomie in the backdrop of supportive policies. The Shanghai Composite Index, which opened more than 2 points lower, went straight up shortly after the opening bell, reclaimed its losses, traded sideways, gradually moved higher, was up almost 25 points around lunchtime, trudged up with barely 10 minutes to go until the markets close, at last was up 1.27% and ended the day with a two-day drop. The Shenzhen Component Index, which shed 0.21% at its opening, came up precipitously in the first few minutes of trading, recouped its losses, ate into its gains, slowly inched higher, was up almost 146 points around lunchtime, lumbered up in the hour leading up to the close, eventually jumped 2.26% and notched a two-day winning streak. The tech-focused ChiNext Index, which opened 0.17% lower, swiftly leapt in the opening minutes of trading, clawed back its losses, pared back its gains, gradually ratcheted higher, was up almost 44 points around lunchtime, trudged up in the last hour of trading, ultimately added the most among major stock indexes with a 2.80% upside and snapped its second-day streak of losses. Electrical machinery was the biggest winner of the day, up 5.19%. Semiconductor was in second place, up 4.89%. Auto part came in third with a gain of about 4.62%. The already beleaguered domestic stock markets registered a net inflow of CN¥245.8 billion, the combined turnover on the Shanghai and Shenzhen bourses was in excess of CN¥1.5354 trillion. Indeed, the overwhelming majority of the diehard market bulls were heartened by an all-out rebound on Thursday. In the meantime, a myriad of callow gullible neophytes were widely exhilarated by today’s stellar performance. Therefore, it’s no surprise that a flock of impetuous retail investors have prated about the notion of reinstatement of bull market again. Truth be told, the comment on market move over the past two trading sessions was terse but comprehensive. However, a block of capacious rambunctious hard-bitter short sellers have been ruminating on why the previously embattled domestic stock markets suddenly got a fresh look. With that in mind, an army of savvy levelheaded perspicacious pusillanimous risk control pundits have been cogitating deeply about how long the remarkable resurgence will last. Actually, in the past five weeks the previously tumbledown domestic stock markets teetered on the edge of a potential market rout, so a one-off upside has not yet reversed the downward trend when the geopolitical fissure is heating up, at least tentatively.

来源：小凡课堂