On October 8th, the A-share market experienced a large fluctuation of "high open-adjustment-counterattack" on the first trading day after the long holiday. The strength of the market once again "came unexpectedly". After the market closed, the private equity giant Lin Yuan from the "popular camp" once again communicated online, expressing his views on the current market trends, investment psychology, and other topics. A few days ago, Lin Yuan had appeared and expressed his views: the real bull market has not yet begun, and it is important to stay firm in the A-share market, which has been validated by the market. So now, after A shares have experienced fluctuations following consecutive rises, where will they go next? The minutes of his speech, organized by Zishi Tang, are presented below for readers to enjoy. The bull market has not started yet Lin Yuan stated that the short-term trend of the stock market is uncertain, but he can judge that the trend is towards the development of a bull market. In his opinion, the current market is not yet in a bull market, as many investors are still losing money, and there are not many people making profits. "I believe that the vast majority of people are still losing money, over 90%-95% (are not making money)," he said. Market still undervalued Regarding whether investors can still "get on the bandwagon" now, Lin Yuan believes the key point lies in mindset. "For a cautious person, and for someone like me with a bull market mindset, the judgment results are different. Judging by common sense, the current (index) level is low. For a long-term investor, this is a good time to get in." Even though the market has risen from over 2600 points to over 3400 points, it is still considered undervalued in the long term. He firmly believes that the stock prices of companies with investment value are very attractive and cheap. It is a good time to invest at this level, no problem. It's not the peak now Many people are worried that the market has reached its peak, but Lin Yuan disagrees. Lin Yuan stated that when a long-term peak appears, there are characteristics. For example, everyone is talking about the stock market, everyone says they can make money, everyone is making money, etc. These are not the characteristics of the current market. Of course, the stock market is an investment market with elements of speculation, and when it is "greedy" (greedy) now, one should "be greedy". Chinese assets will not always be cheap Lin Yuan also mentioned that Chinese stock assets are currently very cheap, but in the future, Chinese assets will not always be cheap. Why won't they be cheap? Because China's long-term interest rates will not be too high. Interest on bank deposits will not be that high in the long run. Additionally, Lin Yuan also believes that the Chinese economy is very good, with no shortage of food and clothing, and a wide range of products. Coupled with the high cost-effectiveness of Chinese stock market valuations globally. "If everyone is losing money in the market, then this market must be cheap. Therefore, investment can be measured with common sense to determine if it is worth investing." This article is selected from "Wall Street News", written by Zheng Xiaojie; edited by Chen Xiaoyi from GMTEight.