The Analysis of the Vital Factors of the Fluctuation of the Stock Market

The Chinese stock market,which has developed fast for 15 years,has already had more than 1400 firms.The hightest total market value is up to 7000 billions yuan approximately and the hightest circulating stocks value is up to 2000 billions yuan approximately.The stock investment is increasingly becoming one of the main investment tools for individuals and institutions.The fluctuation of the stock price extends to changing the property of individuals and institutions and deepens in the influence of the national economy gradually.As a result,it becomes the focus of the people concerning.This paper tries to analyze the vital factors of the fluctuation of the stock price from two sides.One is macroscopic factor-such as business cycle and the other is microscopic factor-such as money supply.