"Professor Liu, what paper did Professor Yan ask me to write?"

Only when Professor Liu Wei and Zhang Bo reached an agreement did Chen Qiaoshan have the opportunity to speak.

Before Professor Liu could speak, Zhang Bo spoke first, "You are too impatient and have not laid a solid foundation. Don't rush to start writing. Writing it will be a waste of paper."

Chen Qiaoshan suddenly felt that he had suffered great insults. After all, he had insight into the future changes in international financial situations and understood the trend of crude oil prices. He was underestimated by others, how could he bear this?

But soon, he calmed down and knew what he could do. Although he had the food in his teapot, it would be useless to make it. Although the paper was talked about on paper, it had to be meaningful. He could not make it up out of thin air.

Professor Liu smiled and comforted: "Don't worry about the paper. Let's take your time. I'll prepare a book list for you. You can use more snacks in private and don't let Professor Yan down."

As he said that, Liu Wei picked up a piece of A4 paper from his desk. He was about to hand it to Chen Qiaoshan. Professor Zhang said, "Let me see first."

Without waiting for Professor Liu to agree, Zhang Bozhi took it. As soon as he glanced at him, he accused him: "There is something wrong with your book list. It is obviously walking with a limp. He is just a freshman and has no foundation in mathematics at all. How can this be done?"

Professor Zhang took out a pen and added an additional list, which handed over the written book list.

Chen Qiaoshan felt very miserable. He didn't even care about classes and didn't have time to read these things. However, after all, he didn't dare to refute them, so he had to take the book list honestly.

After glanced at it, Professor Liu's books were divided into two categories, one was capital structure and the other was asset pricing.

Chen Qiaoshan knew that these books were supplements to finance and did not conflict with undergraduate textbooks. The difficulty was one level deeper, and some books themselves were in his reading plan.

Looking at Professor Zhang's supplementary book list, Chen Qiaoshan was just about to cry without tears. "Theory of Probability", "Mathematical Statistics", "Stochastic Process", "Differential Equations", "Financial Econometrics", and "Actualiology". In addition to "Mathematical Analysis" and "Line Generation", there are basically all that should be there, which is obviously a rhythm that will force people to death.

Chen Qiaoshan couldn't bear it anymore. He just wanted to collapse if he continued to learn this book. "Professor Zhang, I'm just a student in the finance department. There's no need to learn so many math courses, right?"

"Why is it unnecessary? It's very necessary." Speaking of knowledge, Professor Zhang was very serious. "Financial science cannot be separated from derivatives, and derivatives cannot be separated from the support of mathematics. Do I need to say more about this?"

Professor Liu said while speaking: "Xiao Chen, although Professor Zhang is not very good at trading stocks, he is definitely the best in his studies. He is not only a professor in the School of Scholarship, but also a professor in the School of Resources, Environmental and Mathematics. Listen to his suggestions more in everything, and you will definitely benefit a lot."

The Mathematics Institute is one of the mad asylums. Professor Zhang is naturally not easy to gain a place in the Mathematics Institute. There is no way. Chen Qiaoshan had to agree, think about it for a while, and he said, "My math grades are very average, and my progress will probably be very slow."

"Let's do this, I'll say hello to the Mathematics Institute. If you have time in the future, you can come and ask me if you have any questions." Professor Zhang thought very carefully, and Chen Qiaoshan's plan was completely failed, so he could only respond honestly.

Liu Wei said again: "Xiao Chen, doing knowledge is a process of accumulation. Don't be anxious. It's still a long time. Let's take your time. Professor Yan has high expectations for you. He knows that you are not interested in classical economics. Leave you to me. Don't let him down for his hard work."

Chen Qiaoshan felt mixed feelings, a little moved and bitter. He was not determined to be here, but he was put on Liangshan by Professor Yan and wanted to refuse, but he couldn't speak.

Professor Yan is a well-established person. He may have some thoughts, but by just a few encounters, he takes care of a newcomer without any background. He is undoubtedly a respectable scholar.

Professor Zhang smiled and said, "Okay, after the main business, I can always talk about the stock market this time, right?"

Liu Wei said: "I can't stop my mouth from you."

Zhang Bo ignored Professor Liu's joke. He looked at Chen Qiaoshan and asked directly: "Xiao Chen, I'm very curious. Why did you conclude that the stock market will collapse in April?"

Liu Wei also looked suspicious. Although he does not trade stocks, as an economist, he must have a deep understanding of the stock market and bond market.

The stock market fluctuations this time are quite strange. They soar when the market is generally bearish and plummet when the market is bullish. This is nothing strange, but Chen Qiaoshan said it in one sentence, which is a bit interesting.

Chen Qiaoshan had no expression of surprise on his face, and he was extremely calm. He had expected that such a thing would happen a few months ago, and it was really not a big deal.

"Is there anything strange about this?" Chen Qiaoshan asked back easily.

Professors Liu and Zhang were obviously stunned. This reaction was unexpected. The general trend in the stock market was indeed possible, but it is questionable that they can accurately grasp the time nodes.

Professor Zhang said: "Isn't this strange? Let's talk about it, what is the basis for your judgment?"

"Professor Zhang, the biggest culprit in the bear market in the past two years is stock reform. I'm not wrong, right?" Chen Qiaoshan asked.

Professor Zhang nodded, but he didn't say anything. This question is very ordinary and can be explained clearly by any stock investor.

"So far, the fundamental problem has not been solved. This is equivalent to burying a thunder in the stock market and it will explode at any time. In this case, the so-called bull market definitely does not exist, so I am very sure that the sudden prosperity of the market is an illusion, and the stock market will collapse sooner or later."

Professor Zhang did not comment, but asked directly: "Why do you insist on collapse in April?"

It is easy to predict when something will happen, but it is difficult to predict when it will happen, especially in the economic field. There are too many variables, and no one knows which indicator has a strong weight and which factor plays a decisive role.

Chen Qiaoshan said: "This problem seems difficult, but to put it bluntly, it is actually not worth a penny."

"First of all, the reason for this surge is very clear. The entry of qfii into the market and the government's administrative intervention in the securities market. It is normal for the rise to rise under a series of positive news."

"Especially under the induced quotient of value investment, blue-chip stocks lead the rise. This is a very strange thing. Blue-chip stocks are indeed undervalued, but under continuous stimulation, the market value is obviously overvalued, which laid the groundwork for the plunge."

"The most important point is, when will it fall?" Chen Qiaoshan looked relaxed, "I was not sure at first, but as soon as the Nine Countries were released, there was basically an answer."

"With a thunder on your head, the government is still continuing to introduce stimulus plans, which is obviously adding fuel to the fire, so I can be sure that under inertia and continuous stimulus, the market will continue to rise, but it will definitely fall before the end of April."

Professor Liu couldn't help but interrupt and said, "Xiao Chen, don't keep it a secret, just tell me the answer."

Chen Qiaoshan had no choice but to stop talking, "The market has profits and losses, and speculators want to sell risks, because on average, the risk premium exceeds the actual risk."

"The news will not bring price fluctuations, but price fluctuations will bring news. But now on the contrary, April is a sensitive node. The annual report and the first quarter financial report have expired one after another. No matter how lively the market is, it still needs performance support. The inflated stock price has no support and can only plummet."

"The most obvious example is China Unicom. The stock price has soared continuously in the past few months. In the first quarter's financial report, the stock price plummeted, from 5 yuan, 3 cents to 37 yuan yesterday, a drop of more than 30%.

"This is just one of many blue chip stocks, the steel and petrochemical sectors are basically the case. If this is dragged down, the market will inevitably collapse."

At this point, Chen Qiaoshan's explanation was just copying the experts' words, but he had two accurate predictions and foundations, which was still very convincing.

Zhang Bo hesitated a little, "It's that simple?"
Chapter completed!