My friend Jie Ge, a 35-year-old programmer who lost his job, is now delivering takeout, earning 200 a day, sleeping on the floor to save money, and begging for small red envelopes of 2-3 yuan in group chats every day.

My friend Xiao Mei, just graduated, has been in Changsha for several days but can't find a job. The only job offers are related to live streaming and borderline content.

The real economy has collapsed, but the virtual economy is soaring?

What kind of people are stock traders? Essentially, they are people who dream of getting rich without hard work. You say there's liquidity easing now, but the money isn't going to those who need it—it's going to these daydreamers?

It's neither reasonable nor fair.

Naive investors will always be naive investors. The fundamentals haven't changed, reality is harsher, and the world is worse. Yet, some still shout about a bull market based on a few slogans. These people will eventually be taught a lesson by the market.

The A-share market at 4,000 points is built on blind faith. If it crashes to 2,000 points today, I wouldn't be surprised—because that's the truth.

$Direxion FTSE China Bear 3X(YANG.US)$Alibaba(BABA.US)$PDD(PDD.US)