Speculation replaces investment As the index soars, and expert judgment seems increasingly inapplicable, old hands in the market are getting wary that the time of transition, when "investment pulls out, while speculation moves in," is sneaking up. The atmosphere of speculation at brokerage houses is beginning to overwhelm rational money management.
隨著股價指數衝過八千、八千五，也隨著專業判斷越來越無用武之地，股市老手都警覺到「投資退場、投機上場」的翻轉時刻已悄悄逼近，號子中漫天的投機氣息壓倒正常的理性投資。