伍超明评美股熔断：美国虚拟经济缺乏实体经济支撑

新浪财经2020-03-19

继上周3月9日、12日、16日美股出现3次熔断后，在美联储大动作频频，将利率降至零、启动7000亿美元第四次量宽、动用商业票据融资便利机制（CPFF）和一级交易商信贷机制（PDCF）危机工具向家庭和企业提供流动性、美国财长努钦表示将推出1万亿美元经济刺激计划的背景下，10天内又迎来第四次熔断，美股历史上的第五次熔断。　　在连续祭出重磅王炸后，美股仍高频接连熔断，从短期原因看，我们还是强调原来的...

网页链接

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

川普药丸
2020-03-19
川普药丸
放屁美国虚拟经济？

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2020917466?lang=zh_CN&edition=full","thumbnail":"https://static.tigerbbs.com/c318bcd91a109139b7d70c76c30bb154","is_english":false,"pubTime":"2020-03-19 08:33","share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","id":"2020917466","market":"us","top_or_hot":-1,"title":"伍超明评美股熔断：美国虚拟经济缺乏实体经济支撑","media":"新浪财经","content":"<div>\n<p>继上周3月9日、12日、16日美股出现3次熔断后，在美联储大动作频频，将利率降至零、启动7000亿美元第四次量宽、动用商业票据融资便利机制（CPFF）和一级交易商信贷机制（PDCF）危机工具向家庭和企业提供流动性、美国财长努钦表示将推出1万亿美元经济刺激计划的背景下，10天内又迎来第四次熔断，美股历史上的第五次熔断。\n　　在连续祭出重磅王炸后，美股仍高频接连熔断，从短期原因看，我们还是强调原来的...</p>\n\n<a href=\"https://finance.sina.com.cn/money/fund/jjsy/2020-03-19/doc-iimxyqwa1564330.shtml\">网页链接</a>\n\n</div>\n","source":"sina","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>伍超明评美股熔断：美国虚拟经济缺乏实体经济支撑</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n伍超明评美股熔断：美国虚拟经济缺乏实体经济支撑\n</h2>\n\n<h4 class=\"meta\">\n\n\n2020-03-19 08:33 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/money/fund/jjsy/2020-03-19/doc-iimxyqwa1564330.shtml><strong>新浪财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>继上周3月9日、12日、16日美股出现3次熔断后，在美联储大动作频频，将利率降至零、启动7000亿美元第四次量宽、动用商业票据融资便利机制（CPFF）和一级交易商信贷机制（PDCF）危机工具向家庭和企业提供流动性、美国财长努钦表示将推出1万亿美元经济刺激计划的背景下，10天内又迎来第四次熔断，美股历史上的第五次熔断。\n　　在连续祭出重磅王炸后，美股仍高频接连熔断，从短期原因看，我们还是强调原来的...</p>\n\n<a href=\"https://finance.sina.com.cn/money/fund/jjsy/2020-03-19/doc-iimxyqwa1564330.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QQQ","symbol_name":"纳指100ETF","start_time":0,"source_url":"https://finance.sina.com.cn/money/fund/jjsy/2020-03-19/doc-iimxyqwa1564330.shtml","article_id":"2020917466","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/c318bcd91a109139b7d70c76c30bb154"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2020917466","pubTimestamp":1584577980,"columns":[],"sourceInfo":{"source_id":"sina","name":"sina"},"weMediaInfo":null,"summary":"继上周3月9日、12日、16日美股出现3次熔断后，在美联储大动作频频，将利率降至零、启动7000亿美元第四次量宽、动用商业票据融资便利机制（CPFF）和一级交易商信贷机制（PDCF）危机工具向家庭和企","collect":0,"end_time":0,"defaultTopTitle":"sina.com.cn","property":[],"viewcount":null,"language":"zh","relate_stocks":{"161125":"标普500","513500":"标普500ETF","QQQ":"纳指100ETF","DOG":"道指反向ETF","SDS":"两倍做空标普500ETF","QID":"纳指两倍做空ETF","TQQQ":"纳指三倍做多ETF","DXD":"道指两倍做空ETF","SH":"标普500反向ETF","QLD":"纳指两倍做多ETF","UDOW":"道指三倍做多ETF-ProShares","PSQ":"纳指反向ETF",".DJI":"道琼斯","IVV":"标普500指数ETF","SSO":"两倍做多标普500ETF",".IXIC":"NASDAQ Composite","SPXU":"三倍做空标普500ETF","SQQQ":"纳指三倍做空ETF","SDOW":"道指三倍做空ETF-ProShares","DDM":"道指两倍做多ETF","SPY":"标普500ETF"},"translate_title":"Wu Chaoming's Comments on U.S. Stock Fuse: U.S. Virtual Economy Lack of Real Economy Support","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"161125":0.6,"513500":0.6,"QLD":0.6,"UDOW":0.6,"TQQQ":0.6,"SSO":0.6,"SQQQ":0.6,"SPY":0.6,"SPXU":0.6,"SH":0.6,"SDS":0.6,"SDOW":0.6,"QQQ":0.6,".DJI":0.6,"QID":0.6,"PSQ":0.6,"IVV":0.6,"DXD":0.6,"DOG":0.6,"DDM":0.6,".IXIC":0.6},"content_text":"继上周3月9日、12日、16日美股出现3次熔断后，在美联储大动作频频，将利率降至零、启动7000亿美元第四次量宽、动用商业票据融资便利机制（CPFF）和一级交易商信贷机制（PDCF）危机工具向家庭和企业提供流动性、美国财长努钦表示将推出1万亿美元经济刺激计划的背景下，10天内又迎来第四次熔断，美股历史上的第五次熔断。\n　　在连续祭出重磅王炸后，美股仍高频接连熔断，从短期原因看，我们还是强调原来的观点，就是降息等货币政策对疫情防控本身无效，有效的防控疫情措施才是股市的“止泻药”，当前美国最重要的事情是疫情防控。\n　　从市场层面原因看，一方面接连熔断本身给市场增加看恐慌情绪，起到助跌效果，如VIX指数一度升至84.83，离2008年金融危机时期的最高点89.53只有一步之遥，二是接连熔断产生流动性问题，近期随着美股暴跌的，还有黄金价格的下降和美元指数的大幅上涨，这些都反映市场流动性出现问题，倒逼机构抛售黄金补充流动性，对美元需求增加，表明由股票等资产价格调整导致的问题，在逐步向实体经济和金融机构传导，金融风险在增加，这也是美联储接连祭出重磅王炸的原因之一。\n　　从中长期原因看，我们还是坚持原来的观点，即此次欧美股市大幅深度调整，深层面在于后金融危机以来美国经济结构失衡，美联储三次QE投放的巨量流动性，并没有较好地促进实体经济劳动生产率的提高，而是大量进入股票市场维持股市长达10余年的繁荣，虚拟经济和实体经济大幅背离，缺乏实体经济支撑的虚拟资产价格不可避免地出现调整，疫情冲击只是成为结束美国10余年牛市最后一根稻草的导火索而已。\n新浪声明：新浪网登载此文出于传递更多信息之目的，并不意味着赞同其观点或证实其描述。文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。\n责任编辑：陶然","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":967843700,"gmtCreate":1584579108400,"gmtModify":1704355071769,"author":{"id":"3490318159919923","authorId":"3490318159919923","name":"川普药丸","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3490318159919923","authorIdStr":"3490318159919923"},"htmlText":"放屁 美国虚拟经济？","listText":"放屁 美国虚拟经济？","text":"放屁 美国虚拟经济？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/967843700","repostId":2020917466,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":2,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2020917466"}