Conventional wisdom says the stock market has gone too far, too fast. Sceptics argue that the financial system is broken, over-indebted consumers have reached breaking point and the recovery in business confidence will fizzle out as state-financed vehicle incentive schemes end. If you believe this, the best you can hope for is sub-par growth and a range-bound stock market.
主流觀點認為，股市走勢太離譜，上漲太快。懷疑論者辯稱，金融體系已經垮掉，過度負債的消費者已達到極限，隨著政府的刺激措施步入尾聲，企業信心的恢復將成泡影。如果你相信這一點，那么你能期待的最好的結果，將是低于正常水平的增長以及窄幅波動的股市。
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