停止IPO，停止增发，都不能改变现有股票太贵这样一个事实。而且，下一轮的IPO发行价格会以现在人为的价格为参照系。如果政府人为地撑着股市的价格，只是给股民短暂的希望和幻觉，这种希望迟早会破灭。股民作为一个群体，他们会越来越穷, 这样的财富转移运动也许会被未来的历史学家定义为“血腥的圈地运动”。每个股民都天真地认为, 自己一定是个赢家, 当然结果是另一回事。

Stop IPO,Stop shares,Can't change the current stock is too expensive to the fact.and,The next round of IPO issue price will now artificial price for reference.If the government to support for the stock market price,Just give people a hope and illusion,The hope will burst sooner or later.People as a group,They will be more and more poor, Such wealth movement may be defined as a future historians"Bloody enclosure movement".Each people all naive to think, His must be a winner, Of course the result is one thing and doing another.

　　我认为A股太贵, 也许除了银行股以外，这么贵的股票市场会继续害惨大批的股民。所以，我呼吁政府尽快恢复国内IPO，用供给的大量增加来把估值降下来。否则，越拖问题越大, 越难解决。在短期内，股市是个零和游戏。张三的利润只能是李四的亏损。而且，交易是有费用的，相关机构也要捞一笔。所以，股民要赚钱，只能靠股票背后的企业中长期内为你争气。如果你认为你比大多数股民聪明，你也许可以赚他们的钱。但是，股民作为一个集体，不可能通过政府把股市推高来赚钱，这是在做梦。推高了的股市必然掉下来，它只能帮助那些短期出货的人赚钱，而让接货的人亏钱。

I think A share is too expensive, Maybe in addition to other than bank shares,So your stock market will continue to harm the large Numbers of people.so,I urged the government to restore the domestic IPO as soon as possible,With a big increase in the number of supply to the valuation drop down.otherwise,The greater the tow problems, More difficult to solve.In the short term,The stock market is a zero-sum game.Zhang SAN profits can only be li si losses.and,Trading is a cost,Relevant organizations also want to make a fortune.so,Investors to make money,Can only rely on stock behind the enterprise long-term in a fight for you.If you think you're better than most people smart,You may be able to earn their money.but,People as a collective,The stock market through the government could not push up to make money,This is the dream.Pushing up the stock market will fall down,It can only help those short-term delivery people make money,And let the joint cargo people lost money.

　　（更多详情请关注宁夏卫视每个交易日21∶00至22∶45的《证券之夜》栏目）

(For more information please pay attention to the TV each trading day 21:00 to 22:45[Securities night]column)

　　记者 张禹 整理

Reporter ZhangYu finishing