On the Deviations of Stock Market From the Macro Economy

As we all know,it is abnormal when the tendency of the stock is apart from the macro economic growth.This paper is attempted to analyze the extend of effect brought by some factors, such as the relationship between the stock market cycle and macroeconomic cycle,the function of Chinese stock market,the analysis of structure and profit ability of the listed companies,the variation of polices.At the end of the paper,a conclusion is reached that the main reason that brought the deviation of stock market from macro economy is of its own,having little relation to the macroeconomic situation.