“牛市尾声”的蛛丝马迹:“牛尾”最肥与人人看涨

华尔街见闻
Oct 12

本周五美股全线崩盘,纳指跌超3%半年最惨,市场嗅到了危险的气息。 牛市快走到尾声了吗?华尔街传奇投资者Paul Tudor Jones这两天警告称,市场可能还会迎来一轮强劲上涨,但同时也进入了牛市的最后阶段。他认为,涨幅会预先集中兑现,随后将是剧烈的逆转。 这种模式是所有投机性市场阶段和“融涨”最终的共同归宿。“融涨”(melt-up)时刻,通常伴随着最丰厚的回报和最剧烈的波动,也预示着风险正在...

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