比散户更“傻”的人在抢购美股，这不是一个好兆头

金十数据2025-01-24

“傻钱”（Dumb money）是一部聚焦美国散户大战华尔街风波的电影的名字，也是对散户投资者的蔑称。基本上，散户投资者通常对任何投资新闻反应迟钝，最终成为专业人士退出的接盘侠。这并不是一定的。例如，在GameStop轧空事件中，一家大型对冲基金被打败了。不过，通常情况下，专业人士还是占了上风。如果说还有一个更傻的群体，那就是外国散户投资者。他们正在狂买美国股票，生怕买不到似的。 ...

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Association）的数据，去年11月，流入美国股市基金的散户资金达到5.9亿英镑，而国内股票基金则流出5.52亿英镑。\n购买美国股票的不只是那些草根阶层，西装革履的精英阶层也在购买。历史学家尼尔·弗格森（Niall Ferguson）参加了本周的达沃斯会议。“在瑞士达沃斯举行的世界经济论坛上，几乎所有人都看多美国，看空欧盟，”他为《自由报》（Free Press）写道。他说：“达沃斯论坛的新共识是，欧洲无法、也永远不会让自己的经济行动协调起来，而美国市场却令人兴奋，如果你不持有美国的大型股票，那么（错失恐惧症）可能会折磨你。”\n“问题在于，达沃斯论坛的共识几乎总是错误的，”他补充道。\n为了逆向而逆向不一定是成功的策略。例如，Yardeni仍然是华尔街最看涨的策略师之一。但在当前的这种情况下，美国股票估值高企的论点支持逆向者。\nFactSet的数据显示，iShares MSCI除美国以外的全球指数（ACWX）的预期市盈率为13.4，而SPDR标普500 ETF信托基金（SPY）的预期市盈率为22.1。","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 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