Core Viewpoint - The article discusses the characteristics of a true market bottom, emphasizing that it is often quiet and overlooked, contrasting it with a noisy bottom where many investors are still interested in buying [1][2][3]. Group 1: Characteristics of Market Bottoms - A "noisy bottom" occurs when stock prices decline and there is significant discussion among investors about buying opportunities, indicating ongoing interest in the asset [2]. - A true market bottom is characterized by a lack of interest and discussion about the asset, where most investors dismiss it as a viable investment [3][4]. - The quiet nature of a true bottom is exemplified by the banking sector in 2023, where the Shanghai Banking Index hit a multi-year low, and discussions about investment opportunities in bank stocks were minimal [4][5]. Group 2: Investor Sentiment and Behavior - During the true bottom, many quantitative reports excluded bank stocks from analysis, indicating a widespread avoidance of the sector [5][6]. - Fund managers expressed reluctance to invest in bank stocks due to concerns about professional reputation and potential criticism from investors, highlighting a significant aversion to discussing these stocks [6].