SPY 因 AI 泡沫推高盈利而被高估，其合理价值约为 3,000。
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《above 5%... means, much more work for me...》
Value Investing with Sven Carlin, Ph.D.发布 2026-09-15 · 2 段内容
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标普500指数不受影响，因为它正处于AI泡沫之中。
The S&P 500 is unaffected because it is in an AI bubble.
如果没有这个AI泡沫，标普500的盈利不会达到300，因为考虑到AI的情况、熵调整、OpenAI，这些盈利是虚假的。假设在合理衰退的情况下，现在盈利会是200，乘以合理的市盈率15，也就是历史平均水平。那么标普现在会在3,000点。
Without this AI bubble, S&P 500 earnings would not be at 300 because those are fake given the AI situation, the entropic adjustments, open AI. Let's say those with a fair recession would be at 200 now times a fair P ratio of 15, which is the historical average. The S&P now would be at 3,000.
这个频道对 $SPY 的历次判断
Value Investing with Sven Carlin, Ph.D. 在这只股票上只有这一条判断。
2026-09-15看跌本条
标普500指数不受影响，因为它正处于AI泡沫之中。