A股港股的牛市有哪些特点，之后还会上涨吗？｜第405期精品课程

Group 1 - The recent bull market in A-shares and Hong Kong stocks is characterized by rapid price increases, often referred to as "lightning-fast bulls" rather than slow, steady growth [8][11] - A-shares and Hong Kong stocks have both entered a technical bull market, defined by a rise of over 20% from bear market lows [4][5] - The bull market is often structural rather than broad-based, with specific sectors or stocks leading the gains while others may lag behind [12][13] Group 2 - The bull market typically experiences intermittent pullbacks, with historical data showing that even during strong bull markets, there are multiple instances of price corrections [15][16] - Investors are advised to avoid chasing prices and frequent trading, as many tend to buy at market peaks and sell during downturns, leading to poor long-term performance [20][21] - Long-term market growth is expected, with each bear market bottom likely to be higher than the previous one, indicating a general upward trend over time [24][27] Group 3 - Future market performance will depend on the earnings growth of listed companies, which serves as the engine for sustained market increases [30][32] - Stocks with strong earnings growth and reasonable valuations are likely to continue performing well, while those with high valuations may face significant corrections [36][37]