{"id":157,"date":"2021-05-02T16:15:31","date_gmt":"2021-05-02T08:15:31","guid":{"rendered":"https:\/\/teachcorrect.com\/?p=157"},"modified":"2021-05-02T16:15:32","modified_gmt":"2021-05-02T08:15:32","slug":"bear-markets","status":"publish","type":"post","link":"https:\/\/teachcorrect.com\/bear-markets\/","title":{"rendered":"9\u500b\u718a\u5e02\u5fb5\u5146\u8b93\u4f60\u505a\u597d\u61c9\u5c0d\u6e96\u5099\uff0c\u718a\u5e02\u610f\u601d\u89e3\u8aaa"},"content":{"rendered":"\n<p>\u718a\u5e02\u3001\u725b\u5e02\u662f\u6642\u5e38\u5728\u80a1\u5e02\u4e2d\u51fa\u73fe\u7684\u540d\u8a5e\uff0c\u4ee3\u8868\u8457\u73fe\u5728\u80a1\u5e02\u7684\u8da8\u52e2\u53ca\u72c0\u614b\uff0c\u718a\u5e02\u4ee3\u8868\u76ee\u524d\u80a1\u7968\u5e02\u5834\u8655\u65bc\u4f4e\u8ff7\u7684\u60c5\u6cc1\uff0c\u4f46\u4ec0\u9ebc\u60c5\u6cc1\u8655\u65bc\u718a\u5e02\uff1f\u718a\u5e02\u6642\u8981\u5982\u4f55\u6295\u8cc7\uff1f\u718a\u5e02\u7684\u5fb5\u72c0\u662f\u4ec0\u9ebc\uff1f\u95dc\u65bc\u718a\u5e02\u7684\u554f\u984c\u90fd\u5c07\u5728\u9019\u7bc7\u6587\u7ae0\u4e2d\u4e00\u4e00\u89e3\u7b54\uff0c\u5c31\u8b93\u6211\u5011\u4e00\u8d77\u4f86\u4e86\u89e3\u80a1\u5e02\u4e2d\u7684\u718a\u5e02\u610f\u7fa9\u5427\uff01<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy counter-decimal\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">\u76ee\u9304\u5927\u7db1<\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/teachcorrect.com\/bear-markets\/#%E7%86%8A%E5%B8%82%E6%84%8F%E6%80%9D\" title=\"\u718a\u5e02\u610f\u601d?\">\u718a\u5e02\u610f\u601d?<\/a><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/teachcorrect.com\/bear-markets\/#%E8%82%A1%E5%B8%82%E4%B8%8B%E8%B7%8C%E5%B9%BE%E7%AE%97%E6%98%AF%E9%80%B2%E5%85%A5%E7%86%8A%E5%B8%82%E5%91%A2%EF%BC%9F\" title=\"\u80a1\u5e02\u4e0b\u8dcc\u5e7e%\u7b97\u662f\u9032\u5165\u718a\u5e02\u5462\uff1f\">\u80a1\u5e02\u4e0b\u8dcc\u5e7e%\u7b97\u662f\u9032\u5165\u718a\u5e02\u5462\uff1f<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/teachcorrect.com\/bear-markets\/#%E8%A7%B8%E7%99%BC%E7%86%8A%E5%B8%82%E5%B8%B8%E8%A6%8B%E8%AA%98%E5%9B%A0%E7%89%B9%E5%BE%B5\" title=\"\u89f8\u767c\u718a\u5e02\u5e38\u898b\u8a98\u56e0\u7279\u5fb5\">\u89f8\u767c\u718a\u5e02\u5e38\u898b\u8a98\u56e0\u7279\u5fb5<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/teachcorrect.com\/bear-markets\/#%E7%86%8A%E5%B8%82%E7%AF%84%E4%BE%8B\" title=\"\u718a\u5e02\u7bc4\u4f8b\">\u718a\u5e02\u7bc4\u4f8b<\/a><\/li><\/ul><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/teachcorrect.com\/bear-markets\/#9%E5%80%8B%E7%86%8A%E5%B8%82%E5%BE%B5%E5%85%86\" title=\"9\u500b\u718a\u5e02\u5fb5\u5146\">9\u500b\u718a\u5e02\u5fb5\u5146<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/teachcorrect.com\/bear-markets\/#%E7%86%8A%E5%B8%82%E7%9A%844%E5%80%8B%E9%9A%8E%E6%AE%B5\" title=\"\u718a\u5e02\u76844\u500b\u968e\u6bb5\">\u718a\u5e02\u76844\u500b\u968e\u6bb5<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/teachcorrect.com\/bear-markets\/#%E7%86%8A%E5%B8%82%E5%A6%82%E4%BD%95%E6%8A%95%E8%B3%87%EF%BC%9F\" title=\"\u718a\u5e02\u5982\u4f55\u6295\u8cc7\uff1f\">\u718a\u5e02\u5982\u4f55\u6295\u8cc7\uff1f<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/teachcorrect.com\/bear-markets\/#%E7%86%8A%E5%B8%82%E5%90%8D%E8%A9%9E%E7%94%B1%E4%BE%86\" title=\"\u718a\u5e02\u540d\u8a5e\u7531\u4f86\">\u718a\u5e02\u540d\u8a5e\u7531\u4f86<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/teachcorrect.com\/bear-markets\/#%E7%B8%BD%E7%B5%90\" title=\"\u7e3d\u7d50\">\u7e3d\u7d50<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"%E7%86%8A%E5%B8%82%E6%84%8F%E6%80%9D\"><\/span>\u718a\u5e02\u610f\u601d?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u7576\u80a1\u7968\u5e02\u5834\u6301\u7e8c\u4e0b\u8dcc\uff0c\u4e26\u4e14\u5927\u591a\u4ea4\u6613\u8005\u5c0d\u5e02\u5834\u672a\u4f86\u767c\u5c55\u4e0d\u6a02\u89c0\uff0c\u5c0e\u81f4\u5e02\u5834\u4f4e\u8ff7\u6642\u7a31\u70ba\u718a\u5e02\u3002<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"%E8%82%A1%E5%B8%82%E4%B8%8B%E8%B7%8C%E5%B9%BE%E7%AE%97%E6%98%AF%E9%80%B2%E5%85%A5%E7%86%8A%E5%B8%82%E5%91%A2%EF%BC%9F\"><\/span>\u80a1\u5e02\u4e0b\u8dcc\u5e7e%\u7b97\u662f\u9032\u5165\u718a\u5e02\u5462\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u9019\u90e8\u5206\u6bcf\u500b\u6295\u8cc7\u4eba\u7684\u770b\u6cd5\u7686\u4e0d\u540c\uff0c\u4f46\u4f9d<a href=\"https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary\/bear-market\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary\/bear-market\">\u7f8e\u570b\u8b49\u5238\u4ea4\u6613\u59d4\u54e1\u6703<\/a>\u7684\u5b9a\u7fa9\uff0c\u7576\u5927\u76e4\u6307\u6578\u5728<strong>\u5169\u500b\u6708<\/strong>\u5167<strong>\u4e0b\u8dcc20\uff05<\/strong>\u6216\u66f4\u591a\u6642\uff0c\u5c31\u4ee3\u8868\u5c07\u9032\u5165\u718a\u5e02\u3002<\/p>\n\n\n\n<p>\u718a\u5e02\u672c\u8cea\u4e0a\u662f\u4f86\u81ea\u65bc\u6295\u8cc7\u8005<strong><span style=\"color:#ca6f02\" class=\"has-inline-color\">\u201d\u4fe1\u5fc3\u7522\u751f\u5371\u6a5f\u201d<\/span><\/strong>\u7531\u65bc\u6295\u8cc7\u8005\u3001\u4f01\u696d\u548c\u6563\u6236\u7686\u55aa\u5931\u4fe1\u5fc3\u5f15\u8d77\uff0c\u96a8\u8457\u4fe1\u5fc3\u4e0b\u964d\uff0c\u5c0d\u80a1\u7968\u7684\u9700\u6c42\u4e5f\u96a8\u4e4b\u4e0b\u964d\uff0c\u56e0\u6b64\u806f\u52d5\u80a1\u50f9\u4e0b\u8dcc\u3002<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"%E8%A7%B8%E7%99%BC%E7%86%8A%E5%B8%82%E5%B8%B8%E8%A6%8B%E8%AA%98%E5%9B%A0%E7%89%B9%E5%BE%B5\"><\/span>\u89f8\u767c\u718a\u5e02\u5e38\u898b\u8a98\u56e0\u7279\u5fb5<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u89f8\u767c\u718a\u5e02\u6700\u5e38\u898b\u7684\u8a98\u56e0\u662f\u7d93\u6fdf\u8870\u9000\u6216\u7d93\u6fdf\u6210\u9577\u6e1b\u7de9\uff0c\u6216\u5c0d\u5927\u773e\u9810\u671f\u7d93\u6fdf\u5373\u5c07\u8870\u9000\uff0c\u7d93\u6fdf\u8870\u9000\u7684\u9810\u671f\u8de1\u8c61\u53ef\u80fd\u6709\u4ee5\u4e0b5\u9ede\uff1a<\/p>\n\n\n\n<ul><li>\u751f\u7522\u529b\u4e0b\u964d<\/li><li>\u5931\u696d\u7387\u4e0a\u5347<\/li><li>\u6d88\u8cbb\u8005\u4fe1\u5fc3\u4f4e\u843d<\/li><li>\u516c\u53f8\u5229\u6f64\u6e1b\u5c11<\/li><li>\u6536\u5165\u964d\u4f4e<\/li><\/ul>\n\n\n\n<p>\u7576\u9019\u4e9b\u51fa\u73fe\u4e0a\u8ff0\u8de1\u8c61\u6642\uff0c\u4ee3\u8868\u6295\u8cc7\u8005\u53ef\u80fd\u5c0d\u672a\u4f86\u7684\u6295\u8cc7\u56de\u5831\u611f\u5230\u60b2\u89c0\uff0c\u4fc3\u4f7f\u4ed6\u5011\u51fa\u552e\u80a1\u7968\u3002\u7576\u5e02\u5834\u62cb\u552e\u80a1\u7968\u7684\u52d5\u80fd\u9ad8\u65bc\u8cfc\u8cb7\u6642\uff0c\u5c07\u6703\u8513\u5ef6\u60b2\u89c0\u60c5\u7dd2\uff0c\u5c0e\u81f4\u5e02\u5834\u4e0b\u8dcc\u3002<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"%E7%86%8A%E5%B8%82%E7%AF%84%E4%BE%8B\"><\/span>\u718a\u5e02\u7bc4\u4f8b<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u4ee52020\u5e743\u6708\u4f86\u8aaa\uff0c\u56e0COVID-19\u5927\u7206\u767c\u5c0e\u81f4\u5168\u7403\u80a1\u5e02\u5927\u5e45\u5d29\u76e4\uff0c\u63a5\u4e8c\u9023\u4e09\u51fa\u73fe\u5931\u696d\u4eba\u6578\u6fc0\u589e\u548c\u9694\u96e2\u63aa\u65bd\u7684\u4e8b\u60c5\u5c0e\u81f4\u6295\u8cc7\u8005\u9810\u898b\u7d93\u6fdf\u56f0\u5883\uff0c\u80a1\u5e02\u4e5f\u96a8\u4e4b\u53cd\u61c9\u4e0b\u8dcc\u3002<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/teachcorrect.com\/wp-content\/uploads\/2021\/05\/\u7f8e\u80a1\u718a\u5e02\u6b77\u53f2\u7d00\u9304-12.png\"><img loading=\"lazy\" src=\"https:\/\/teachcorrect.com\/wp-content\/uploads\/2021\/05\/\u7f8e\u80a1\u718a\u5e02\u6b77\u53f2\u7d00\u9304-12-1024x1024.png\" alt=\"\u7f8e\u80a1\u718a\u5e02\u6b77\u53f2\u7d00\u9304\" class=\"wp-image-171\" width=\"512\" height=\"512\" srcset=\"https:\/\/teachcorrect.com\/wp-content\/uploads\/2021\/05\/\u7f8e\u80a1\u718a\u5e02\u6b77\u53f2\u7d00\u9304-12-1024x1024.png 1024w, https:\/\/teachcorrect.com\/wp-content\/uploads\/2021\/05\/\u7f8e\u80a1\u718a\u5e02\u6b77\u53f2\u7d00\u9304-12-300x300.png 300w, https:\/\/teachcorrect.com\/wp-content\/uploads\/2021\/05\/\u7f8e\u80a1\u718a\u5e02\u6b77\u53f2\u7d00\u9304-12-150x150.png 150w, https:\/\/teachcorrect.com\/wp-content\/uploads\/2021\/05\/\u7f8e\u80a1\u718a\u5e02\u6b77\u53f2\u7d00\u9304-12-768x768.png 768w, https:\/\/teachcorrect.com\/wp-content\/uploads\/2021\/05\/\u7f8e\u80a1\u718a\u5e02\u6b77\u53f2\u7d00\u9304-12.png 1080w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/a><\/figure><\/div>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"9%E5%80%8B%E7%86%8A%E5%B8%82%E5%BE%B5%E5%85%86\"><\/span>9\u500b\u718a\u5e02\u5fb5\u5146<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u76ee\u524d\u79d1\u6280\u767c\u5c55\u8207\u8cc7\u8a0a\u50b3\u64ad\u901f\u5ea6\u5feb\u901f\uff0c\u718a\u5e02\u7684\u53cd\u61c9\u6642\u9593\u4e5f\u5927\u5e45\u7e2e\u77ed\uff0c\u56e0\u6b64\u718a\u5e02\u5fb5\u5146\u6211\u5011\u662f\u4ee5\u904e\u5f80\u7684\u7d93\u9a57\u63a8\u8ad6\uff0c\u4f46\u4e0d\u4ee3\u8868\u672a\u4f86\u6703\u9019\u6a23\uff0c\u4e0b\u6587\u5217\u51fa9\u9ede\u53ef\u80fd\u51fa\u73fe\u718a\u5e02\u7684\u5fb5\u5146\uff1a<\/p>\n\n\n\n<ol><li>\u7b2c\u4e00\u968e\u6bb5\u53ef\u80fd\u51fa\u73fe\u6a19\u666e500\u7b49<strong>\u6307\u6578<\/strong>\u3001\u5927\u6b0a\u503c\u80a1\u51fa\u73fe<strong>\u4f4e\u8ff7<\/strong>\u7684\u60c5\u6cc1<\/li><li>\u63a5\u4e0b\u4f86<strong>\u500b\u80a1<\/strong>\u4e5f\u6703\u9678\u7e8c\u51fa\u73fe<strong>\u4f4e\u8ff7<\/strong>\u72c0\u6cc1<\/li><li>\u80a1\u5e02\u7d93\u7531\u5c0f\u5e45\u4fee\u6b63\u5f8c\u4ecd\u7136<strong>\u7121\u6cd5\u53cd\u5f48<\/strong><\/li><li>\u80a1\u5e02\u958b\u59cb\u52a0\u901f\u4e0b\u8dcc\u4e26\u4e14\u4ea4\u6613\u91cf\u653e\u5927<\/li><li>\u6295\u8cc7\u7d44\u5408\u4e0b\u964d\u5169\u4f4d\u6578\uff0c\u5f9e10%-20%\u90fd\u6709\u53ef\u80fd\uff0c\u57fa\u91d1\u8d16\u56de\u958b\u59cb\u589e\u52a0<\/li><li>\u6a5f\u69cb\u958b\u59cb\u51fa\u552e\u80a1\u7968<\/li><li>\u4ea4\u6613\u91cf\u958b\u59cb\u4f4e\u8ff7<\/li><li>\u5e02\u5834\u6301\u7e8c\u4e0b\u8dcc\uff0c\u751a\u81f3\u53ef\u80fd\u4e0b\u8dcc\u81f330%<\/li><li>\u4e0b\u8dcc\u6301\u7e8c\u653e\u5927\uff0c\u591a\u982d\u958b\u59cb\u6295\u964d\u96e2\u958b\u5e02\u5834<\/li><\/ol>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"%E7%86%8A%E5%B8%82%E7%9A%844%E5%80%8B%E9%9A%8E%E6%AE%B5\"><\/span>\u718a\u5e02\u76844\u500b\u968e\u6bb5<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u718a\u5e02\u5f9e\u958b\u59cb\u5230\u7d50\u675f\u67094\u500b\u53ef\u80fd\u51fa\u73fe\u7684\u60c5\u6cc1\uff0c\u9019\u56db\u500b\u718a\u5e02\u968e\u6bb5\u6703\u6709\u4e0d\u540c\u7684\u60c5\u6cc1\u8207\u60c5\u7dd2\u7522\u751f\uff1a<\/p>\n\n\n\n<ul><li>\u7b2c\u4e00\u968e\u6bb5\uff1a<br>\u9ad8\u50f9\u683c\u548c\u9ad8\u6295\u8cc7\u8005\u60c5\u7dd2\u3002\u5728\u9019\u4e00\u968e\u6bb5\u5373\u5c07\u7d50\u675f\u6642\uff0c\u6295\u8cc7\u8005\u958b\u59cb\u9000\u51fa\u5e02\u5834\u4e26\u7372\u53d6\u5229\u6f64\u3002<\/li><\/ul>\n\n\n\n<ul><li>\u7b2c\u4e8c\u968e\u6bb5\uff1a<br>\u80a1\u7968\u50f9\u683c\u958b\u59cb\u6025\u5287\u4e0b\u8dcc\uff0c\u4ea4\u6613\u6d3b\u52d5\u548c\u516c\u53f8\u5229\u6f64\u958b\u59cb\u4e0b\u964d\uff0c\u7d93\u6fdf\u6307\u6a19\u958b\u59cb\u4f4e\u65bc\u5e73\u5747\u6c34\u5e73\u3002\u5e02\u5834\u60c5\u7dd2\u96a8\u4e4b\u4e0b\u964d\uff0c\u4e00\u4e9b\u6295\u8cc7\u8005\u958b\u59cb\u611f\u5230\u6050\u614c\u3002<\/li><\/ul>\n\n\n\n<ul><li>\u7b2c\u4e09\u968e\u6bb5\uff1a<br>\u6295\u6a5f\u8005\u958b\u59cb\u9032\u5165\u5e02\u5834\uff0c\u56e0\u6b64\u63d0\u9ad8\u4e86\u50f9\u683c\u548c\u4ea4\u6613\u91cf\u3002<\/li><\/ul>\n\n\n\n<ul><li>\u7b2c\u56db\u968e\u6bb5\uff1a<br>\u80a1\u50f9\u7e7c\u7e8c\u4e0b\u8dcc\uff0c\u4f46\u901f\u5ea6\u7de9\u6162\uff0c\u96a8\u8457\u4f4e\u50f9\u548c\u597d\u6d88\u606f\u958b\u59cb\u518d\u6b21\u5438\u5f15\u6295\u8cc7\u8005\uff0c\u7a7a\u982d\u5e02\u5834\u958b\u59cb\u51fa\u73fe\u725b\u5e02\u884c\u60c5\u3002<\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/teachcorrect.com\/wp-content\/uploads\/2021\/05\/\u718a\u5e02\u5fb5\u51464\u968e\u6bb5-11.png\"><img loading=\"lazy\" src=\"https:\/\/teachcorrect.com\/wp-content\/uploads\/2021\/05\/\u718a\u5e02\u5fb5\u51464\u968e\u6bb5-11-1024x1024.png\" alt=\"\u718a\u5e02\u5fb5\u51464\u968e\u6bb5\" class=\"wp-image-170\" width=\"512\" height=\"512\" srcset=\"https:\/\/teachcorrect.com\/wp-content\/uploads\/2021\/05\/\u718a\u5e02\u5fb5\u51464\u968e\u6bb5-11-1024x1024.png 1024w, https:\/\/teachcorrect.com\/wp-content\/uploads\/2021\/05\/\u718a\u5e02\u5fb5\u51464\u968e\u6bb5-11-300x300.png 300w, https:\/\/teachcorrect.com\/wp-content\/uploads\/2021\/05\/\u718a\u5e02\u5fb5\u51464\u968e\u6bb5-11-150x150.png 150w, https:\/\/teachcorrect.com\/wp-content\/uploads\/2021\/05\/\u718a\u5e02\u5fb5\u51464\u968e\u6bb5-11-768x768.png 768w, https:\/\/teachcorrect.com\/wp-content\/uploads\/2021\/05\/\u718a\u5e02\u5fb5\u51464\u968e\u6bb5-11.png 1080w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/a><\/figure><\/div>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"%E7%86%8A%E5%B8%82%E5%A6%82%E4%BD%95%E6%8A%95%E8%B3%87%EF%BC%9F\"><\/span>\u718a\u5e02\u5982\u4f55\u6295\u8cc7\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u5118\u7ba1\u5927\u591a\u4eba\u4e0d\u559c\u6b61\u718a\u5e02\uff0c\u4f46\u718a\u5e02\u63d0\u4f9b\u6295\u8cc7\u8005\u826f\u597d\u7684\u6642\u6a5f\uff0c\u8b93\u6709\u8010\u5fc3\u7684\u50f9\u503c\u6295\u8cc7\u8005\u6709\u6a5f\u6703\u9032\u5834\u3002<br>\u5118\u7ba1\u80a1\u5e02\u8655\u65bc\u718a\u5e02\u968e\u6bb5\u6211\u5011\u9084\u662f\u80fd\u5229\u7528\u8abf\u6574\u6295\u8cc7\u7d44\u5408\u4f86\u9054\u5230\u964d\u4f4e\u8667\u640d\u4ee5\u53ca\u8cfa\u9322\u7684\u6210\u679c\uff0c\u4e0b\u97624\u9ede\u6559\u4f60\u5982\u4f55\u5728\u718a\u5e02\u4e2d\u6295\u8cc7\uff1a<\/p>\n\n\n\n<ol><li>\u964d\u4f4e\u6295\u8cc7\u7d44\u5408\u98a8\u96aa<br>\u7576\u718a\u5e02\u4f86\u81e8\u6642\u5efa\u8b70\u8abf\u6574\u4f60\u7684\u6295\u8cc7\u7d44\u5408\uff0c\u900f\u904e\u964d\u4f4e\u6295\u8cc7\u7d44\u5408\u4e2d\u7684\u98a8\u96aa\u4f86\u70ba\u718a\u5e02\u505a\u6e96\u5099\uff0c\u5728\u718a\u5e02\u671f\u9593\uff0c\u50b5\u5238\u6bd4\u8d77\u57fa\u91d1\u7b49\u662f\u66f4\u5b89\u5168\u7684\u6295\u8cc7\u3002<br><\/li><li>\u6295\u8cc7\u5728\u8870\u9000\u4e2d\u8868\u73fe\u826f\u597d\u7684\u884c\u696d<br>\u53bb\u89c0\u5bdf\u4e0d\u53d7\u718a\u5e02\u5f71\u97ff\uff0c\u767c\u5c55\u8f03\u597d\u7684\u6295\u8cc7\u677f\u584a\uff0c\u901a\u5e38\u53ef\u80fd\u662f\u6c11\u751f\u7528\u54c1\u7b49\u8f03\u4e0d\u53d7\u74b0\u5883\u5f71\u97ff\u7684\u50b3\u7522\uff0c\u53ef\u4ee5\u5c07\u4e00\u90e8\u4efd\u8cc7\u7522\u914d\u7f6e\u9032\u53bb\u5e6b\u52a9\u7a69\u5b9a\u4f60\u7684\u6295\u8cc7\u7d44\u5408\u3002<br><\/li><li>\u8457\u773c\u65bc\u9577\u671f<br>\u718a\u5e02\u4ec0\u9ebc\u6642\u5019\u7d50\u675f\u662f\u6211\u5011\u7121\u6cd5\u9810\u6e2c\u7684\u4e8b\u60c5\uff0c\u5118\u7ba1\u7b49\u5f85\u718a\u662f\u904e\u53bb\u7684\u6642\u9593\u5f88\u96e3\u53d7\uff0c\u4f46\u4f9d\u6b77\u53f2\u6578\u64da\u4f86\u770b\uff0c\u718a\u5e02\u6301\u7e8c\u7684\u6642\u9593\u5f80\u5f80\u4e0d\u6703\u592a\u4e45\uff0c\u56e0\u6b64\u4f60\u61c9\u8a72\u8457\u773c\u65bc\u9577\u671f\u7684\u6295\u8cc7\u76ee\u6a19\uff0c\u800c\u975e\u7576\u6709\u8dcc\u5e45\u5c31\u7522\u751f\u6050\u614c\u800c\u62cb\u552e\u3002(\u5716\uff1a\u718a\u5e02\u3001\u725b\u5e02\u6301\u7e8c\u6642\u9593\u5c0d\u6bd4)<br><\/li><li>\u95dc\u6ce8\u516c\u53f8\u7684\u8cea\u91cf<br>\u80a1\u795e\u5df4\u83f2\u7279\uff08Warren Buffett\uff09\u66fe\u8aaa\u201c\u7576\u6f6e\u6d41\u6d88\u6563\u6642\uff0c\u90a3\u5c31\u662f\u6211\u5011\u627e\u51fa\u8ab0\u5728\u88f8\u6cf3\u7684\u6642\u5019\u201d<br>\u9019\u53e5\u8a71\u4ee3\u8868\u7576\u7d93\u6fdf\u8870\u9000\u6642\u6b63\u662f\u6aa2\u8996\u4e00\u9593\u516c\u53f8\u7684\u6642\u5019\uff0c\u56e0\u6b64\u9019\u6642\u6211\u5011\u66f4\u80fd\u770b\u51fa\u4e00\u9593\u516c\u53f8\u50f9\u503c\u4ee5\u53ca\u516c\u53f8\u9762\u5c0d\u5371\u6a5f\u7684\u8b8a\u901a\u6027\u3002<\/li><\/ol>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"%E7%86%8A%E5%B8%82%E5%90%8D%E8%A9%9E%E7%94%B1%E4%BE%86\"><\/span>\u718a\u5e02\u540d\u8a5e\u7531\u4f86<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u718a\u5e02\u4e00\u8a5e\u6700\u65e9\u51fa\u73fe\u7684\u7531\u4f86\u76ee\u524d\u4e0d\u53ef\u8003\uff0c\u4f46\u4ee5<a href=\"https:\/\/www.merriam-webster.com\/words-at-play\/the-origins-of-the-bear-and-bull-in-the-stock-market\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/www.merriam-webster.com\/words-at-play\/the-origins-of-the-bear-and-bull-in-the-stock-market\">Merriam-Webster<\/a>\u6240\u8a18\u9304\uff1a<\/p>\n\n\n\n<p>\u201c\u718abear\u201d\u4e00\u8a5e\u7684\u6b77\u53f2\u53ef\u4ee5\u8ffd\u6eaf\u52301709\u5e74\uff0c\u7576\u6642\u88ab\u7528\u4f86\u7576\u4f5c\u718a\u76ae\u5de5\u4eba(bearskin jobber)\u7684\u7c21\u5beb\u3002<\/p>\n\n\n\n<p>\u718a\u76ae\u8077\u696d\u8005\u8d77\u6e90\u65bc\u4e00\u53e5\u8afa\u8a9e\uff0c\u8a72\u8afa\u8a9e\u6307\u51fa\u201d \u5728\u4e00\u96bb\u718a\u88ab\u6293\u4f4f\u4e4b\u524d\u5148\u8ce3\u6389\u5b83\u7684\u76ae\u819a\u662f\u4e0d\u660e\u667a\u7684\u201d\u7a81\u986f\u51fa\u5728\u6355\u6349\u718a\u4e4b\u524d\u51fa\u552e\u718a\u76ae\u7684\u505a\u6cd5\u3002\u523018\u4e16\u7d00\uff0c\u8853\u8a9e\u718a\u76ae\u6b63\u5728\u4e00\u8a9e\u4e2d\u7684\u201c\u8ce3\u51fa\uff08\u6216\u8cb7\u5165\uff09\u7684\u718a\u76ae\u201d\uff0c\u4e26\u5728\u540d\u7a31\u4e2d\u4f7f\u7528\u201c\u718a\u76ae\u6279\u767c\u5546\u201d\uff0c\u6307\u7684\u662f\u8ce3\u201c\u718a\u76ae\u201d\u3002Bearskin\u5f8c\u4f86\u88ab\u7c21\u7a31\u70babear\uff0c\u4e26\u88ab\u61c9\u7528\u65bc\u6295\u6a5f\u8005\u6b63\u5728\u51fa\u552e\u7684\u80a1\u7968\u548c\u6295\u6a5f\u8005\u51fa\u552e\u80a1\u7968\u3002<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"%E7%B8%BD%E7%B5%90\"><\/span>\u7e3d\u7d50<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u718a\u5e02\u3001\u725b\u5e02\u662f\u80a1\u7968\u5e02\u5834\u4e2d\u7684\u666f\u6c23\u5faa\u74b0\uff0c\u56e0\u6b64\u6211\u5011\u9700\u8981\u7684\u662f\u9806\u61c9\u5e02\u5834\u8b8a\u5316\u7684\u61c9\u5c0d\u65b9\u5f0f\uff0c\u718a\u5e02\u4e0d\u4ee3\u8868\u6211\u5011\u6703\u8f38\u5230\u812b\u8932\u5b50\uff0c\u800c\u662f\u5275\u9020\u4e00\u500b\u8b93\u6211\u5011\u9032\u5165\u5e02\u5834\u7684\u6a5f\u6703\uff0c\u73fe\u4eca\u793e\u6703\u6a5f\u6703\u4e0d\u7b49\u4eba\uff0c\u96a8\u8457\u718a\u5e02\u7684\u6642\u9593\u8d8a\u4f86\u8d8a\u77ed\uff0c\u56e0\u6b64\u5efa\u8b70\u5148\u5b78\u6703\u5982\u4f55\u627e\u5230\u597d\u7684\u516c\u53f8\u8207\u6295\u8cc7\u6a19\u7684\uff0c\u8b93\u81ea\u5df1\u5728\u9047\u5230\u718a\u5e02\u968e\u6bb5\u6642\uff0c\u63e1\u6709\u597d\u7684\u6295\u8cc7\u6e05\u55ae\u8207\u98a8\u96aa\u914d\u7f6e\u7a69\u7a69\u5730\u8e0f\u5165\u80a1\u5e02\u589e\u52a0\u6295\u8cc7\u6536\u5165\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u718a\u5e02\u3001\u725b\u5e02\u662f\u6642\u5e38\u5728\u80a1\u5e02\u4e2d\u51fa\u73fe\u7684\u540d\u8a5e\uff0c\u4ee3\u8868\u8457\u73fe\u5728\u80a1\u5e02<\/p>\n","protected":false},"author":1,"featured_media":172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[2],"tags":[14],"_links":{"self":[{"href":"https:\/\/teachcorrect.com\/wp-json\/wp\/v2\/posts\/157"}],"collection":[{"href":"https:\/\/teachcorrect.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teachcorrect.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teachcorrect.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/teachcorrect.com\/wp-json\/wp\/v2\/comments?post=157"}],"version-history":[{"count":0,"href":"https:\/\/teachcorrect.com\/wp-json\/wp\/v2\/posts\/157\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/teachcorrect.com\/wp-json\/wp\/v2\/media\/172"}],"wp:attachment":[{"href":"https:\/\/teachcorrect.com\/wp-json\/wp\/v2\/media?parent=157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teachcorrect.com\/wp-json\/wp\/v2\/categories?post=157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teachcorrect.com\/wp-json\/wp\/v2\/tags?post=157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}