A股现在还是牛市吗？｜投资小知识

Group 1 - The A-share market typically experiences a small bull-bear cycle every 3-5 years, potentially reaching a 3-star level, as seen in early 2018 and early 2021; larger bull markets occur every 7-10 years, possibly reaching 1-2 star levels, exemplified by 2007 and 2015 [2] - The long-term annualized return for the A-share market, starting from 1000 points at the end of 2004 to approximately 5700 points by the end of November 2025, is around 8%-9%, with dividends pushing it to about 7600 points, resulting in an annualized return of around 10% [2] - The A-share market's bull markets are rarely characterized as slow; they are typically rapid, followed by periods of consolidation or decline [4] Group 2 - Recent significant price increases in the A-share market occurred mainly in late September 2024 and during a few trading days in August-September 2025, with major up days accounting for only 7% of total trading days [4] - In the third quarter of 2025, the ChiNext index saw a remarkable 50% increase, marking the largest single-quarter gain in the past decade [5] - Investors are advised to avoid two main pitfalls during bull markets: chasing prices and frequent trading, as market styles are expected to rotate quickly in 2025 [6]