Equity prices and other risky assets have fallen sharply from their peaks of late 2007, but there are still significant downside risks. An emerging consensus suggests that the prices of many risky assets – including equities – have fallen so much that we are at the bottom and a rapid recovery will occur.
股权价格和其他风险资产的价格自2007年下半年达到最高点以来急剧下降，但是依然还存在大幅下降的风险。有一种共识是鉴于许多风险资产的价格，包括股权价格，已经下降如此之多，市场现在已经处于底部并且将很快出现快速反弹。