Stock markets’ unusually negative skew is not inconsistent with booming price growth in recent years. The markets have broken all-time records, come close to doing so, or at least done very well since 2003 ( the case in Japan) by making up for the big drops incrementally, in a succession of smaller increases.
股市不寻常的负偏态与近几年来物价的大涨并非是不相符的。自从2003年（日本的例子）暴跌后的报复性反弹，通过积累一点一点小的涨幅，市场已经打破了所有时期的纪录、接近于做到这点或者至少做得很不错。