牛市越涨,心里越慌 episode artwork

EPISODE · Aug 21, 2025 · 14 MIN

牛市越涨,心里越慌

from 虎嗅·商业有味道

突破3700点后,三大指数继续气势如虹,8月18日沪指一度创出近十年趋势新高。这是一场财富的盛宴,但散户缺席了。据调研,散户当前市场参与度仅相当于2015年和去年“924”行情的1/3。但在A股,散户并非背景板,他们持股超1/3,交易份额占70%。这两三年会有近200万亿的定期存款先后到期,这将成为市场关键增量资金。市场期待散户“跑步进场”,让牛市真正全民狂欢。散户为何踟蹰不前?为何指数越涨,心里越慌?数字之外,理论之下,更能折射现实的,是一个个散户的真实故事。【时间轴】01:48 “2015年高点杠杆一把梭哈,今年才快回本”04:37 “8月账户连续红了十几天,太不真实了”07:04 “今天我问AI,‘严重踏空大A,怎么办?’”10:08 “开心的是,在不影响工作和生活的情况下跑赢了指数”

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牛市越涨,心里越慌

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This episode is 14 minutes long.

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This episode was published on August 21, 2025.

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突破3700点后,三大指数继续气势如虹,8月18日沪指一度创出近十年趋势新高。这是一场财富的盛宴,但散户缺席了。据调研,散户当前市场参与度仅相当于2015年和去年“924”行情的1/3。但在A股,散户并非背景板,他们持股超1/3,交易份额占70%。这两三年会有近200万亿的定期存款先后到期,这将成为市场关键增量资金。市场期待散户“跑步进场”,让牛市真正全民狂欢。散户为何踟蹰不前?为何指数越涨,心里越慌?数字之外,理论之下,更能折射现实的,是一个个散户的真实故事。【时间轴】01:48...

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