高盛：还有人在意美股估值吗？

华尔街见闻2021-02-08

导读：全然不顾估值的，不只是GME和特斯拉，在现在的美股市场，不论用什么估值方法，哪怕把估值已经高到天上去的科技巨头去掉，美股的估值都接近历史最高位。美股到底怎么了？面对节节攀升，越来越脱离基本面的美股，还有人在意美股的估值吗？高盛上周警告说，如果最近散户的逼空大潮不停止，市场将遭遇可怕的后果：当数以百万计的散户投资者开始逼空的时候，股市的价格形成机制以及基本的投资过程就破裂了，从而导致价格...

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免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

雁翔云天
2021-02-09
雁翔云天
搬砖
dkpoh
2021-02-09
dkpoh
现在牛气冲天，大家都买买买！
谭野
2021-02-09
谭野
永远不会相信高盛说的任何一个字，这是一家极其**的公司
龙腾虎乐
2021-02-08
龙腾虎乐
大放水的大趋势下，新估值=原估值x防水率[财迷] [财迷] [财迷]
389
2021-02-08
389
除非美元崩溃，否则价值不会回归，接下来看好大宗商品

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类似最近短暂而疯狂的针对GME的逼空并非是第一次出现。在2008年9月，全球金融市场崩溃时，类似的短暂逼空一度令大众汽车成为全球市值最高的公司，尽管大众汽车仅仅在这个宝座上坐了几个小时。\n\n但是，这次有所不同的是，上次发生的逼空，是在金融海啸中，几乎每个投资者都被迫要重新评估资本市场的核心原则和宗旨。\n如今，在这场逼空大战中，高盛认为，GME股票交易的几个方面值得注意。\n首先，从定位角度来看，一年多以来，对GME的卖空权益超过了公司流通股的100％，并且在1月达到了140％，这是“非常不寻常的情况”，因为在过去10年中，卖空权益超过流通股的情况只有15次。高盛称，如果出现这种极端的逼空，将可能是股市下跌的信号。\n其次，高盛认为，如今的美股，“价格就是一切，但估值什么都不是”。\n最典型的例子，就是最近GME上蹿下跳的股价，逼空者们只在乎把股价拉高，全然不顾GME的公司估值。\n另一个美股投资者忽略估值的例子就是特斯拉。高盛称，哪怕华尔街对特斯拉的业绩有乐观的共识预期，但是疯狂的市场已经让该公司的股价在去年涨了超过700%。\n在现在的美股市场，不论用什么估值方法，哪怕把估值已经高到天上去的科技巨头去掉，美股的估值都接近历史最高位。\n哪怕是那些“严肃”的公司，市盈率都已经达到了100倍至1000倍之间……\n\n那么，是谁令美股投资者再也不去看公司估值的呢？\n高盛给出的答案是，美联储。\n美联储前所未有的宽松政策，令美股水涨船高，估值，已经被很多投资者抛诸脑后。","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":383901618,"gmtCreate":1612825151634,"gmtModify":1703765486685,"author":{"id":"3554543753250021","authorId":"3554543753250021","name":"雁翔云天","avatar":"https://static.tigerbbs.com/6198a1f9650cf49bbb49ecd27d0876f2","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"搬砖","listText":"搬砖","text":"搬砖","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/383901618","repostId":1141016606,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":383041765,"gmtCreate":1612819883757,"gmtModify":1703765460368,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","vip":1,"crmLevel":8,"crmLevelSwitch":0},"htmlText":"现在牛气冲天，大家都买买买！","listText":"现在牛气冲天，大家都买买买！","text":"现在牛气冲天，大家都买买买！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/383041765","repostId":1141016606,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":383090311,"gmtCreate":1612803304133,"gmtModify":1703765363955,"author":{"id":"3492329210558371","authorId":"3492329210558371","name":"谭野","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"永远不会相信高盛说的任何一个字，这是一家极其**的公司","listText":"永远不会相信高盛说的任何一个字，这是一家极其**的公司","text":"永远不会相信高盛说的任何一个字，这是一家极其**的公司","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/383090311","repostId":1141016606,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":389737163,"gmtCreate":1612797985352,"gmtModify":1703765255612,"author":{"id":"3482550532367433","authorId":"3482550532367433","name":"龙腾虎乐","avatar":"https://static.laohu8.com/1530cc5cd548815469551d0b8c1c8ee8","vip":1,"hat":"https://static.tigerbbs.com/622fc56f7e67b5729addb4e78a195511","crmLevel":7,"crmLevelSwitch":0},"htmlText":"大放水的大趋势下，新估值=原估值x防水率[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"大放水的大趋势下，新估值=原估值x防水率[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"大放水的大趋势下，新估值=原估值x防水率[财迷] 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