#美股市场表现 Looking back on the past, the ups and downs of the US stock market always leave me with mixed feelings. Seeing the three major stock indexes rise today, I can't help but think of the tech bubble back then. At that time, everyone was chasing the price, but in the end, the bubble burst, and many people suffered heavy losses.

Seeing tech giants like Nvidia and Google performing brilliantly now, it must be said that they indeed have the strength to support it. But the 10% drop in Strategy has also sounded the alarm for us - the market is always two-way, and what rises quickly may also fall harder.

This reminds me of the internet stock craze in the late 1990s. There were quite a few "star stocks" back then, but unfortunately, most were short-lived. So even in a bull market, one must stay clear-headed and not be blinded by short-term price rises.

History always repeats itself, but each repetition has new characteristics. The current market may be in the rising phase of a new cycle, but investors should focus more on the fundamentals of companies and their long-term development potential, rather than blindly chasing the price and making hasty decisions. After all, those that can truly weather the cycles are always the companies that can continuously create value.