海外市场牛熊市有什么特征呢？｜投资小知识

Group 1 - The article discusses the characteristics of different stock markets, highlighting that A-shares exhibit a pattern of long bear markets followed by short bull markets, often experiencing significant gains in a short period, followed by prolonged declines [4] - In contrast, overseas markets such as the US, Japan, and Europe tend to have long bull markets and short bear markets, with bull markets often lasting more than half the time, but typically showing moderate gains of around 10% annually [4] - The article emphasizes that even in markets characterized by long bull phases, there are still opportunities for undervaluation, citing examples from the US, Japan, and Europe during various crises where significant undervaluation occurred [6]