按道理巴基斯坦空战打赢了对方，股市不说暴涨吧？最起码不可能跌幅这么大吧？而印度虽然战场上打 了败仗，但股市基本没有多大跌幅，这到底什么原因呢？ 而战场上打了败仗的印度股市Nifty指数收盘下跌0.58。 印巴冲突越来越看不懂了，巴基斯坦在战场上打了胜仗，但巴基斯坦股市在5月8日KSE-30指数跌幅超 过8.8%，为2008年以来最大跌幅，KSE-100指数下跌7.65%，触发熔断暂停交易一小时。 不过股市大跌只是暂时的，就像胡锡进说的那样:我手里导弹股票只要不抛售，我就不会赔钱！ 声明：个人原创，仅供参考 而巴基斯坦虽然在战场上赢了，但是巴基斯坦内部采取了一些行动，比如暂时关闭航空48小时，暂停所 有航班，而巴基斯坦的水源也被印度切断，这一切都引起了投资者对巴基斯坦经济的恐慌，导致投资者 不计成本撤离。 虽然巴基斯坦在空战表现比较优秀，但是其经济和经济发展前途和印度还是有比较大的差距，因为相比 较巴基斯坦，有大量的投资者在印度投资建厂并且印度未来会因为贸易战而获利，加上印度愿意就关税 问题和美国进行谈判，所以投资者比较看好印度。 而巴基斯坦经济比较脆弱，不管是经济总量、发展前景、外商投资以及和美国欧盟的关系， ...

Core Viewpoint - The article emphasizes the importance of viewing stock investments as business investments, highlighting that market fluctuations should not deter long-term investors like Warren Buffett, who focuses on the underlying value and productivity of the assets rather than short-term price movements [2][11]. Investment Stories - Story One: Buffett's investment in a farm in Nebraska illustrates that despite significant market fluctuations, the farm's value and profitability increased over time, demonstrating a return of three times the initial investment and a value increase of five times or more [4][5]. - Story Two: Buffett's investment in a retail property near New York University showcases how strategic investments can yield substantial returns, with dividends exceeding 35% of the initial investment and total distributions surpassing 150% of the original amount [7][8]. Fundamental Investment Principles - Buffett's experiences underline that satisfactory investment returns do not require expert knowledge, but investors must recognize their limitations and follow a reasonable investment path [11]. - The focus should be on the future productivity of the assets; if estimating future earnings is challenging, it is advisable to move on to other opportunities [11]. - Market fluctuations should be viewed as opportunities for identifying mispriced assets, and investors should not be swayed by market noise but rather focus on the underlying profitability of the companies [11].

Market Impact - On May 8, the KSE-100 index in Pakistan fell by 7.1% to 102,208.40 points, marking the largest drop since 2008, while the KSE-30 index saw an 8.8% decline [1] - The Indian Nifty 50 index also experienced a decline of 0.5%, with the Indian volatility index rising to 21.48, the highest level since April 9 [4] Currency Fluctuations - The Indian Rupee depreciated nearly 1% against the US Dollar, reaching 85.6525 [6] Military Tensions - As of May 8, Pakistan's military reported shooting down over 25 Indian "Harop" drones since the initiation of India's "Red Mercury Operation" [9] - The Pakistani military stated that Indian drones have been continuously violating its airspace, leading to military casualties and damage to facilities [10][11] - The Pakistani military is currently on high alert due to ongoing drone incursions from India, with significant casualties reported from recent conflicts [11]

Core Viewpoint - The Federal Reserve is unlikely to lower interest rates before September, with expectations of only two rate cuts this year, contrary to market expectations of three [1] Group 1: Federal Reserve's Interest Rate Outlook - The next potential rate cut by the Federal Reserve is anticipated to occur in September or later [1] - The market expects the Federal Reserve to reduce rates to approximately 3.6% by the end of 2025, contingent on the balance between inflation and growth [1] Group 2: Economic Growth and Market Performance - Economic growth may continue to weaken, prompting the Federal Reserve to consider rate cuts to support growth, although short-term price increases complicate this decision [1] - Stock market performance is expected to remain volatile, favoring cheaper markets in the U.S., international stocks, and emerging markets [1]

Core Viewpoint - The two-year U.S. Treasury yield has fallen below the federal funds rate, signaling that the market believes the Federal Reserve should consider lowering interest rates [1] Group 1 - U.S. Treasury Secretary Scott Bessenet reiterated the prediction that as time progresses and trade agreements are reached, the uncertainty surrounding tariffs will diminish [1] - Despite panic over a significant drop in the stock market in April, the market ultimately remained relatively flat for the month [1] - Bessenet described the market's experience in April as having undergone remarkable volatility, suggesting that the journey will be worthwhile in the end [1]