LOGO王熙遥窦俊霞孙萌吕梅王雯琦矫才琳张晓彤田想想李琢璘彭杏OntheU.S.stockmarket国经五组TheU.S.stockmarketChinaandtheU.S.stockmarketcomparison.SecuritiesandExchangeCommissionThemThemoneThemtwoThemthreeTheU.S.stockmarketoverviewTheNewYorkstockexchangein1811bytheagentofaccordingtoroughuptheButtonwoodAgreementandoperational,thentheU.S.stockmarket.AtpresentmainlybythedowJonesindustrialaverageandthenasdaqstockindexandthestandard&poor's500indexthreebigstockindextorepresenttheusstockmarketriseanddecline.thedowJonesindustrialaverageTheU.S.stockmarketdevelopmentprocessthelateeighteenthtowellinto1886,theU.S.stockmarketpreliminarygetdevelopment.1886-1929,thisonephasetheU.S.stockmarketobtainedarapiddevelopment,marketmanipulationandinsidertradingwasveryserious.TheU.S.stockmarketandthedevelopmentofstockinvestmentexperiencesoverthefourhistoricalperiod:1929to1954yearsafterthegreatdepression,theU.S.stockmarketbegantoenterintotheimportantstandarddevelopment.1954tonow,investmentinstitutionsdeveloprapidlyandtheU.S.stockmarketintothemoderninvestmentera.TheChinesestockmarketdevelopmentprocess1978-1995isthetestandobservationphaseThestockmarketthefirsttime(artificial)bullmarketOurcountrythedevelopmentofthestockmarketexperiencedfourstagesThefirst(artificial)bullmarketbubbleburstThesecondbigbullmarket(2004-2007)1978-1995isthetestandobservationphaseonDecember19,19901992toMay26,,Shanghaistockexchangeopenedformal,afterjusteightstockslistedonly,calledtheoldstereotype.Whentradingsystemimplementationgoupdropto1%crude(afterchangedto0.5%)limit,stockindexfrom96.05PM,twoandahalfyearsofcontinuedtorise.ThefirstroseThefirstcrashThethirdtime,rosecrashThesecondcrashonMay26,1992to1992on17November,marketbegantovalueregression,onlyhalfayear,stockindexfellfrom1429pointsto386pointsdown,down73%.Somesay,orearlystockmarketupgreatstir.Thesecondcrashrosefrom1992.11.17-1994.7.29periodhasgonethroughthegrailroseashighas303%,andextremefell79%laterreturnedto325points,thebearmarketbringsachievementisalistedcompanyquantityrapidinflation.onJuly29,1994thePeople'sDailypublishedCSRCandtherelevantdepartmentsunderthestatecounciltodiscussstabilityanddevelopmentofthestockmarketmeasures,stophairisnew,allowbrokersfinancing,establishedsino-foreignfund,indicatesthebearmarketinthefirsthalfof1993tothemanagementofthefirmtheconfidence,causedpanicinAugust,commonlyknownasthethreebigpolicy.TheShanghaicompositeindexinayearandahalfofthetimetoexperiencea215.33%downmorethan1100pointsafter1996200220042007•Shanghaistockmarketrisemorethan500points•Shenzhenstockmarketsin3300moretheunderstandingandthetheoreticalretrospectionstageriskthedealerlivingofbrokers•zhuangsharescolorsofcrashingdownWilliams•Descriptionofthecontents•DescriptionofthecontentsThestockmarketthefirsttime(artificial)bullmarketThefirst(artificial)bullmarketbubbleburstThesecondbigbullmarket(2004-2007)TheusstockmarketstatusscaleMajorU.S.stockmarket:TheNewYorkstockexchange、Thenasdaqstockmarket、TheAmericanstockexchangeNYSENYSENASDAQAMEXTheusstockmarketmajoreventsIn1790,atthetime,thefinanceministerAlexanderHamilton,large-scaleissuebondsleddirectlytothestockmarketisactive.In1900,theindustrythemainbodyofthestockastockThestockmarketcrashhappenedrespectivelyin1893,1901,1903,1907,1914,1917and1929yearsofthestockmarketcrashed..Morgansuccessivelyin1893andin1907,twotimesorganizationsavethecity,hesavedmanyinvestmentBanks,brokersandinvestors,hassavedWallStreet.1907yearsofstockmarketpanicledtheUnitedStatesgovernmenttothestockmarketmanipulationandspeculationattentionIn1811,theNewYorkstockexchangeestablishmentmarksstrictlyusstockmarketsreallyform.Inthe1850s,astheU.S.stockandWallStreetsecuritiestradingcenter.TheUnitedStatesspendsatduskwineiscapturedshareholderstalentedman-Afewdaysago,theUnitedStatesfederalinvestigatorscaughttheNewYorkWallStreetamysterygeneralstockinvestors,allegedlystartedonlyby$800,inafewmonthsoftimeatleastprofittensofmillionsofdollars.-PostthattheUnitedStatesisatduskwinehedgeshareholdersinastrangeman,stockselectionwillrise,tensofmillionsofprofit,-Thismanclaimingtocomefromthefuture,andtoknowthatforAIDStreatmentmethod.claimsfromthefutureoftheworldChooseawillgouptensofmillionsofprofitClaimingtoknowforAIDStreatmentmethodSEC,theUnitedStatescongressestablishedgovernmentcommittee.FivemembersFourdepartmensthefivemembersofthePresidentoftheUnitedStatesinthesenateproposalandpermithimselfappointed,termoffiveyears,butfivepeopleapartthetermofofficeofayeartostagger,thatiseveryyeartoreplaceacommittee.MembersofastarwasappointedbythePresidentforsecuritiesregulatorycommissionchairman,asthehighestexecutivecommission.namelyDivisionofCorporationFinance,DivisionofMarketRegulationandDivisionofInvestmentManagement,DivisionofEnforcement。Andit'staskistoprotectinvestors,maintainfair,orderly,highefficiencyofthesecuritiesmarket,andtoassistinthecapital,nationalcapitalfamilytothecapitaloperationintothemarket..Thesecuritiesbythefollowingparts:LOGO国经五组