美股亮起三大红灯:投机达历史极值、杠杆破万亿、更大泡沫正酝酿

华尔街见闻
Jul 25, 2025

当美股市场沉浸在迭创新高的狂欢中,华尔街各大投行不约而同地拉响了警报:当前市场投机行为激增、杠杆水平飙升,泡沫风险正在累积。 周五,高盛策略师警告美股中高风险活动增加,衡量市场投机情绪的指标已飙升至历史最高水平,仅次于2000年互联网泡沫和2021年散户抱团股狂潮时期。 德意志银行则将目光锁定在市场“杠杆”上,警告称投资者借钱炒股的规模已“热得发烫”,6月保证金债务总额已历史性地突破1万亿美元。 ...

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