作者liton (欧吉桑留学生)
看板Economics
标题Re: [讨论] 美国利率与美国股市
时间Tue Aug 1 23:12:17 2006
※ 引述《hsiuchuanwin (win)》之铭言:
: ※ 引述《phelyl (残念......)》之铭言:
: : 美国利率的升息和降息常常是财经媒体的焦点
: : 可是有一个矛盾我不太懂想请教版友
: : 调升利率不是要在经济循环处於成长状态才会这样做以抑制经济过热
: : 而美国调升利率
: : 不正代表了美国的经济状态很好
: : 但相反的
: : 最近却听到美国的经济成长走缓所以要调降利率
: : 调降利率不是会降低资金的成本对股市是利多
: : 那如果要投资美股
: : 是要在美国调升利率的状况下较佳
: : 还是调降利率的状况下较佳
: As economy (market) is boom, the inflation would be likely to increase.
boom is a verb and noun, but not a adjective
economy=\=boom
: Thus, if you get information about an increase in interest rate, you should
: know stock market would go to a bear market. In contrast, if you know the Fed
: will lower interest rate, you should know stock market would go to a bull
: market. As I know, the relationship between interest rate and stock market is
: negative.
: Best regards.
You should identify which stage the economy locates in. When the economy
is recoverying from the bottom of business cycle, the Fed will start to raise
interest rate. Howeverever, the stock market would go to a bull market.
The Fed will continue to raise interest rate until parts of economic indices
show that the economy is turning down.
As we know, a business cycle take several years. If we run the econometric
model, we should find a positive relationship.(I guess)
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