A股：连续7个涨停板！股民：开心到无法形容！

Market Overview - The market experienced a strong rally, achieving a remarkable "12 consecutive days of gains," which is rare in A-share history, indicating a concentrated outbreak of bullish sentiment [1] - The market's enthusiasm for buying is high, with orderly sector rotation and a combination of funding and policy support driving the index higher [1] Investor Sentiment - Despite the strong upward trend, there are still bearish voices in the market, with some investors believing that current valuations are too high and that a correction is imminent [3] - Historical experience suggests that market sentiment is cyclical, with those currently skeptical likely to turn optimistic as the index approaches 4500 points [3] Futures Market Insights - Citic Futures reduced its long positions by 56 contracts and short positions by 53 contracts in the CSI 300 index futures, signaling a "bearish" outlook [3][4] - In the CSI 1000 index futures, long positions were reduced by 1182 contracts and short positions by 1783 contracts, indicating a "bullish" signal [4] - The Shanghai 50 index futures saw an increase of 315 long contracts and 125 short contracts, also suggesting a "bullish" signal [4] Stock Performance - Fenglong Co. has been a standout performer, achieving a consecutive seven trading days of limit-up gains, eliciting excitement among shareholders [5] - However, the reality remains that with over 5,000 stocks in the market, it is challenging for investors to identify such high-performing stocks, leaving many as mere spectators [6] Historical Context - The phrase "this time is different" is highlighted as a costly saying in investment history, often leading investors to rationalize irrational exuberance [8] - Historical precedents show that during periods of market euphoria, such as the 1929 stock market crash and the 2000 internet bubble, investors often ignore warning signs, believing in a new paradigm [8] - Notable investors emphasize that while history may not repeat itself exactly, it often rhymes, cautioning against the cognitive biases that arise during market extremes [8]