A Brief History of the Bull Market: the Operating Logic of the Five Major Bull Markets in A-Shares

This book provides a detailed analysis of the macro background and reasons for the birth of the five major bull markets in the history of the A-share market (respectively, 1991-1993, 1999-2001, 2005-2007, 2008-2009, and 2013-2015). A detailed review and analysis of the fundamentals, funding, policies and other conditions of the stock market at that time were conducted; We conducted an in-depth exploration of the market's market rhythm, trading characteristics, style performance, etc., Carried out a systematic analysis of the strong industries and individual stock performance in each bull market, and also conducted research on the end of the subsequent bull market and the switch between bull and bear. Since the driving forces and performance characteristics of each major bull market are different, during the analysis, we have flexibly changed the structure of each chapter while maintaining the overall consistency. We will focus on the analysis of the changes that affect the important driving forces in each bull market, and show you the evolution of the analysis framework.