Jim Cramer: 我认为,如果你不喜欢现在的市场,那你也不会喜欢任何市场。过去十年,股市上涨主要由少数科技股带动,这种狭窄的上涨模式的可持续性一直备受质疑。但我认为,市场窄幅上涨可能会崩溃,但也可能扩大,推动市场持续上涨。1988年的经历让我意识到,过度担忧市场宽度可能会错失良机。从那次经历中学到,不应该让市场宽度影响我的做空决策,而应该寻找市场领导者扩大的机会。现在市场是牛市,空头因之前市场的狭窄性而受挫。现在金融、工业等板块表现良好,可以关注市场的其他领域。今天标普500涨幅前十的股票表明,1988年的经验教训仍然适用,市场已经从狭窄的科技股上涨转变为更广泛的行业上涨,那些警告市场过于狭窄的人现在面临损失。
This chapter analyzes the recent market rally, questioning its sustainability given its initial concentration in a few tech stocks. It draws parallels to past market trends and discusses the importance of market breadth in determining the longevity of a rally.
Market gains initially concentrated in tech stocks (FAANG, Magnificent Seven)
Concerns about sustainability of narrow rallies
Historical parallel from 1988 summer rally
Lesson: narrow rallies can broaden, leading to sustained growth
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