What is the point of an equity market? Ask strategist Russell Napier and he will compare it to a large hole in the ground at Nendrum on Mahee Island in County Down. For many years, a sign was posted next to it saying “Pit of Uncertain Use”. It exists, people pay a lot of attention to it, but its original purpose is lost. That about sums it up, he says.
股市的意義是什麼？如果你問策略師羅素•內皮爾(Russell Napier)，他會把它比作唐郡馬希島恩德魯姆地面上的一個大坑。多年來，這個大坑旁邊立著一個上寫「不確定用途的坑」的標識牌。它現在還在那裏，人們非常關注它，但它的最初目的已經不復存在。他說，股市差不多也是這樣。
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