结合此前我国股市两次救市的结果是“愈救愈熊”的事实来考察,我们只能得出一个结论,即在真正的危机面前,“救市”具有警醒作用,其刺激作用只能是昙花一现,而其边际效用却会越来越小 In the light of the fact that the two bailouts in China’s stock market were preceded by the fact that “the more we treat the bear”, we can only conclude that the “bailout” has a vigilant effect on the real crisis and its stimulating effect It can only be short-lived, while its marginal utility will be getting smaller and smaller