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从财富效应和社会资源配置方面来看,如果股市上涨过快,大部分人都能从股市中赚钱,股市的平均收益超过社会其它行业的平均利润水平,其财富效应必然造成社会各方资源向股市过分集中,形成新的资源配置不平衡。各方资金在股市中的堆积必然促使股市的泡沫膨大,一旦这个泡沫破灭,结果恐怕就是现如今的股指一跌再跌,任何“强心针”都很难激发市场“复活”的信心。
Judging from the wealth effect and the allocation of social resources, if the stock market rises too fast, most people can make money from the stock market. The average return on the stock market surpasses the average profit level of other sectors of the society. The wealth effect inevitably causes resources from all sectors of society Stock market is too concentrated, forming a new resource allocation is not balanced. Accumulation of funds in the stock market will inevitably lead to the stock market bubble expansion, once the bubble burst, the result probably is now the stock index fell and then fell, any “strong” is difficult to stimulate the market Confidence.