相信很多朋友都会有一个疑问：突破4000点后市场会如何？让我们先看下历史走势。 不算本次，在A股三十多年的历史中，共有16次突破4000点，如果按照收盘点数来看，共有七次，07年5次，15 年两次。其中，07年6月仅保持一天，还有两次不足10天。 很多投资者对于2015年记忆比较深刻，彼时可以说就是各种杠杆资金泛滥造成的水牛市，盛宴过后一地鸡毛。 我们重点复盘下2007年那次行情。 2007年的牛市主线是资源与金融地产，"媒飞色舞"的说法也是首次在那轮行情中出现的。有色金属行业涨幅 250%，煤炭涨幅220%。 | 突破日期 | 突破目收 | 峰值日期 | 期间最高 | 最大涨幅 | 距峰值 | 回撤日期 | 距回散 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 盘价 | | 价 | (%) | 天数 | | 天数 | | 2007- | 4013.08 | 2007- | 4081.43 | 1.7 | 5 | 2007-05-15 | 6 | | 05-09 | | 05-14 | | | | | | | 2007- | 4048.29 | ...

Core Viewpoint - The article discusses the historical context and implications of the A-share market breaking through the 4000-point mark, analyzing past bull markets in 2007 and 2015 to draw insights for the current market situation [2][4][9]. Historical Analysis - In the history of A-shares, there have been 16 instances of breaking through 4000 points, with seven instances based on closing prices, notably five times in 2007 and two times in 2015 [2][3]. - The maximum increase after breaking 4000 points in 2007 was 51.8%, taking 160 days, while in 2015, the maximum increase was 28.06%, occurring in just 63 days [4][6]. 2007 Bull Market - The 2007 bull market was driven by resource and financial real estate sectors, with significant gains in non-ferrous metals (250%), coal (220%), and financial sectors (190%) [6]. - Macroeconomic indicators supported this bull market, including a GDP growth rate of 11.4%, fixed asset investment growth of 24.8%, and a trade surplus of $262.2 billion [6]. 2015 Bull Market - The 2015 bull market was characterized by the "Internet+" policy and the rise of new industries, with notable stock performances from companies like Dongfang Finance (600% increase) and China CNR (500% increase) [7][8]. - However, this market was marked by excessive leverage and regulatory shortcomings, leading to a peak in margin financing of 2.27 trillion yuan in June 2015 [8]. Current Market Context - The current A-share market exhibits characteristics of a "water bull," with structural features in both the economy and capital markets, indicating a shift towards high-end manufacturing [9]. - Despite economic challenges, there is a noticeable change in fiscal spending towards long-term projects, suggesting a more sustainable growth trajectory compared to previous bull markets [9].