美国股市

It’s no surprise we don’t care about a lift in the Dow
为什么应该看淡道指?


《旗帜周刊》高级编辑考德威尔:道琼斯工业平均指数上周突破14300万点关口,超过2007年的高点,但投资者和专家认为,不应对此过度解读。

Why are citizens of the developed world looking a gift horse in the mouth? The Dow Jones Industrial Average rallied beyond 14,300 points this week, passing the highs it reached in 2007 just as the world economy was starting to wobble. Sure, there are reasons to be sceptical about the Dow. It is weighted, rather arbitrarily, by share price. But at least it is a quantifiable index of something. We look at 1954 – the year the Dow returned to its 1928 pre-depression high – as marking an epoch. And yet, this week, investors and pundits warned us not to read too much into it.

发达世界的人们为何如此吹毛求疵?道琼斯工业平均指数(Dow Jones Industrial Average)上周突破14300万点关口,超过了2007年触及的高点,当时manbetx app苹果 manbetx20客户端下载 正要开始下滑。没错,人们有理由对道指表示怀疑。它按照股价进行加权,难免显得武端。但至少,它是一种可以量化的指数。我们将1954年视为一个纪元,道指在那一年重返1928年创下的大萧条前高点。然而,上周,投资者和专家警告我们不要对此过度解读。

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