新一代美股散户“不一样”：没有熊市记忆，只有“抄底”的甜蜜和“一夜暴富”的艳羡

Group 1 - The core viewpoint of the articles highlights a fundamental shift in the composition of retail investors in the U.S. stock market, characterized by a new generation of investors who lack memories of bear markets and have primarily experienced a prolonged bull market [1][2]. - Retail investors have shown resilience by buying the dip during market downturns, significantly contributing to the stock market's recovery and pushing indices like the S&P 500 to new highs [1][2]. - The trend of "buying the dip" has been reinforced by the structural changes in investor psychology, with younger investors being more willing to take risks due to their early successes in a rising market [2][5]. Group 2 - The entertainment aspect of trading has become prevalent, with many individuals viewing trading as a form of entertainment, leading to increased participation in the market [3]. - Technological advancements have made trading more accessible and affordable, with some brokerage firms gamifying the investment experience, which has kept retail investors engaged [3]. - Retail traders currently account for approximately 20% of total options activity, indicating their significant presence in the market [3]. Group 3 - The S&P 500 index has become a key indicator of wealth for many Americans, outperforming other asset classes such as real estate and bonds [5]. - The proportion of stocks in household financial assets has reached a record high of 36%, the highest level since records began in the 1950s [5]. - A survey indicated that around 80% of respondents plan to buy into the market if volatility occurs in the coming months, reflecting a bullish sentiment among investors [5].