Coping Strategies for Bull Market Pullbacks: Comparative Analysis from Research and Social Media Perspectives (November 2025)

• According to research: In 2025, the global stock market presents a situation where an AI-driven tech bull market coexists with multiple risks. Active fund managers are generally underweight on the tech sector by 364 basis points, reflecting concerns about AI valuation bubbles; fluctuations in the Fed’s December rate cut expectations (25%-70%) and global trade tensions (US tariffs on China reaching 104%) have intensified market uncertainty.
• Research points out: During bull markets, investors are prone to psychological biases such as overconfidence and FOMO. It is recommended to adopt a “core + satellite” asset allocation strategy, with a single stock position not exceeding 20-30%, and establish strict stop-profit and stop-loss mechanisms (a pullback of 30-50% is a normal phenomenon).

• Reddit users: After the Shanghai Composite Index broke 4000 points, market valuations are on the high side, transaction win rates have declined, so short-term expectations need to be lowered and long-term plans adhered to; high-level pullbacks easily trigger emotion-driven behaviors, so a safety margin should be built through “broad-based index as the base + fixed investment in undervalued assets”.
• Xueqiu user (Liuyi Jushi): Continuous declines are normal in a bull market. Investors should avoid blind bottom-fishing or stop-losses, take broad-based indices like CSI 300 as core holdings, manage cash (allocate short-term bond funds, reverse repo of national bonds, etc.), and use fixed investment to average down costs for trapped core targets instead of impulsive operations.

Both sides recognize the inevitability of bull market volatility and the importance of discipline, but there are detailed differences: research focuses on global macro risks and general strategies, while social media is more focused on specific responses to recent pullbacks in the Chinese market (e.g., Xueqiu users suggest allocating bond funds to manage cash). Consensus points include opposing short-term timing and emphasizing long-termism; differences lie in Xueqiu users explicitly opposing blind bottom-fishing, while research does not give specific cash management suggestions for the Chinese market. Overall, cross-perspective consensus indicates that emotional control and strategy adherence are key to surviving bull markets.