ECB经济学家警告:股市估值很可能在未来迎来明显修正

格隆汇
Aug 19
欧洲中央银行(ECB)经济学家警告,过去多次科技革命的经验显示,目前股市估值很可能在未来迎来明显修正。无论目前AI股估值是由非理性乐观推动,还是真实反映技术的巨大经济潜力,两种观点都指向相同结果:市场繁荣过后,终究会迎来修正或自高点回落,之后才可能重新复苏并进一步上涨。不过,经济学家强调,修正发生的确切时间无法事先预测,这类繁荣与崩跌循环通常只能在事后辨认。报告也警告,欧洲散户可能在不自知的情况下承担高度风险,因为许多全球指数型基金及退休基金都大量持有“美股七雄”。若AI概念股急剧修正,卖压可能透过基金架构产生连锁效应,最终威胁欧元区金融稳定。

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