摘要截至2025年,美国股市估值已攀升至历史最高水平,其中巴菲特指标(即股市总市值与GDP/GNP的比率)飙升至218%的惊人高位。这一数字远超互联网泡沫时期约140%至150%的峰值,被金融界视为市场处于极端高风险或潜在泡沫区间的关键信号。本次估值极端化主要由人工智能(AI)热潮和大型科技股的强劲增长所推动,反映出当前市场对未来增长的乐观情绪及其购买力,已经显著超越了实体经济的增长速度。面对这一...
Source Link摘要截至2025年,美国股市估值已攀升至历史最高水平,其中巴菲特指标(即股市总市值与GDP/GNP的比率)飙升至218%的惊人高位。这一数字远超互联网泡沫时期约140%至150%的峰值,被金融界视为市场处于极端高风险或潜在泡沫区间的关键信号。本次估值极端化主要由人工智能(AI)热潮和大型科技股的强劲增长所推动,反映出当前市场对未来增长的乐观情绪及其购买力,已经显著超越了实体经济的增长速度。面对这一...
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