<p><img src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2016/02/15/12/05/nvidia-1201077_960_720.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="960" height="540" original-src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2016/02/15/12/05/nvidia-1201077_960_720.jpg"/></p>
<p><em>图片来源：Pixabay</em></p>
<p>当好消息被打压时，这是一个巨大的警告。</p>
<p><img src="https://imageproxy.pbkrs.com/https://i0.wp.com/mishtalk.com/wp-content/uploads/2025/11/Huge-Sell-the-Good-News-Nvidia-NVDA-1.png/query-cXVhbGl0eT04MCZyZXNpemU9MTAyNCw2ODAmc3NsPTE?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1024" height="680" original-src="https://imageproxy.pbkrs.com/https://i0.wp.com/mishtalk.com/wp-content/uploads/2025/11/Huge-Sell-the-Good-News-Nvidia-NVDA-1.png/query-cXVhbGl0eT04MCZyZXNpemU9MTAyNCw2ODAmc3NsPTE"/></p>
<p>Nvidia NVDA 15 分钟图表，来自 StockCharts.Com</p>
<p><strong>昨日问题</strong></p>
<blockquote>
<p>Nvidia 会卖出好消息吗？</p>
<p>— Mike &#34;Mish&#34; Shedlock (@MishGEA) 2025 年 11 月 19 日</p>
</blockquote>
<p>Nvidia (NVDA) 会卖出好消息吗？</p>
<p>我从未正确询问过，也没有投票。我是指今天的情况，而不是昨天的盘后结果。</p>
<p>今天，答案是肯定的。</p>
<p><strong>有趣的早间头条</strong></p>
<p><img src="https://imageproxy.pbkrs.com/https://i0.wp.com/mishtalk.com/wp-content/uploads/2025/11/Headline-Hoot.png/query-cXVhbGl0eT04MCZyZXNpemU9Nzg4LDM4OCZzc2w9MQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="788" height="388" original-src="https://imageproxy.pbkrs.com/https://i0.wp.com/mishtalk.com/wp-content/uploads/2025/11/Headline-Hoot.png/query-cXVhbGl0eT04MCZyZXNpemU9Nzg4LDM4OCZzc2w9MQ"/></p>
<p>Investing.Com 今天多次更改了该标题，但保持了相同的链接。</p>
<p>而且不仅仅是标题发生了变化，内容也发生了变化。</p>
<p>这是 Investing 删除的一段有趣的文字。</p>
<blockquote>
<p>“市场非常渴望年终反弹，因此正在通过这个视角过滤新闻，因此多头/鸽派可能会赢得争论（至少目前是这样），” Vital Knowledge 的分析师在一份报告中表示。</p>
</blockquote>
<p><strong>巨大的卖出好消息 – 标普 500</strong></p>
<p><img src="https://imageproxy.pbkrs.com/https://i0.wp.com/mishtalk.com/wp-content/uploads/2025/11/Huge-Sell-the-Good-News-SP-500.png/query-cXVhbGl0eT04MCZyZXNpemU9MTAyNCw2NTImc3NsPTE?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1024" height="652" original-src="https://imageproxy.pbkrs.com/https://i0.wp.com/mishtalk.com/wp-content/uploads/2025/11/Huge-Sell-the-Good-News-SP-500.png/query-cXVhbGl0eT04MCZyZXNpemU9MTAyNCw2NTImc3NsPTE"/></p>
<p>标普 500 15 分钟图表，来自 StockCharts.Com</p>
<p>大约 90 分钟后，开盘的热情崩溃了。</p>
<p>这是市场顶部常见的行为。但这真的是顶部吗？</p>
<p><strong>标普 500 和纳斯达克股市是否已达到顶峰？</strong></p>
<p>两天前，我问过 <strong>标普 500 和纳斯达克股市是否已达到顶峰？</strong></p>
<blockquote>
<p>我不知道，你也不知道。相反，让我们讨论 “如果呢？”</p>
</blockquote>
<p>我今天的答案与两天前相同，只是说现在更有可能。</p>
<p>市场的定价疯狂，已经很长时间了。但人们不应与牛市争论。</p>
<p>当好消息被抛售时，这是一个非常糟糕的信号。还有什么更好的消息即将到来？</p>
<p>如果顶部已经形成，请点击上面的链接查看我令人警醒的目标。</p>
<p>关于 Nvidia 和 AI，请参见 <strong>AI 中的循环投资交易看起来类似于互联网泡沫</strong></p>
<blockquote>
<p>请购买我的产品，我会用这笔钱去购买你的产品。</p>
</blockquote>
<p>回想一下 Lucent 向新兴电信公司借贷数十亿美元以推动 Lucent 的增长。</p>
<p>当融资崩溃时，计划也随之崩溃。</p>
<p>现在，AMD 正在以不同的方式支付 OpenAI 成为客户。Nvidia 和 OpenAI 也在进行同样的事情。但至少这不是债务融资。</p>
<hr/>
<p><em>更多来自此作者的文章：</em></p>
<p>九月就业人数增加 119,000，失业率上升至 4.4%</p>
<p>FOMC 纪要显示通胀担忧，美联储降息概率骤降</p>
<p>特朗普的解放日关税在实践中的运作方式</p>

2 倍做多英伟达 ETF - GraniteShares

南方两倍做多英伟达

南方两倍做空英伟达

英伟达期权收益策略 ETF - YieldMax

1 倍做空英伟达 ETF - Direxion

2 倍做多 NVDA ETF - T-Rex

2 倍做空 NVDA ETF - T-Rex

<p>这篇文章讨论了市场对英伟达好消息的负面反应，表明市场可能处于顶部。尽管有积极消息，英伟达的股票以及标准普尔 500 指数和纳斯达克等更广泛的指数显示出见顶的迹象，暗示在牛市中应保持谨慎。文章还将当前的人工智能投资趋势与互联网泡沫进行比较，强调潜在风险</p>

<p><img src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2016/02/15/12/05/nvidia-1201077_960_720.jpg" alt="" original-src="https://cdn.pixabay.com/photo/2016/02/15/12/05/nvidia-1201077_960_720.jpg"/></p>
<p><em>Image Source: Pixabay</em></p>
<div class="lb-trans"><p><em>图片来源：Pixabay</em></p>
</div><p>It’s a huge warning when good news is smashed.</p>
<div class="lb-trans"><p>当好消息被打压时，这是一个巨大的警告。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://i0.wp.com/mishtalk.com/wp-content/uploads/2025/11/Huge-Sell-the-Good-News-Nvidia-NVDA-1.png/query-cXVhbGl0eT04MCZyZXNpemU9MTAyNCw2ODAmc3NsPTE" alt="" original-src="https://i0.wp.com/mishtalk.com/wp-content/uploads/2025/11/Huge-Sell-the-Good-News-Nvidia-NVDA-1.png?resize=1024%2C680&amp;quality=80&amp;ssl=1"/></p>
<p>Nvidia NVDA 15-Minute Chart Courtesy of StockCharts.Com</p>
<div class="lb-trans"><p>Nvidia NVDA 15 分钟图表，来自 StockCharts.Com</p>
</div><p><strong>Question of the Day Yesterday</strong></p>
<div class="lb-trans"><p><strong>昨日问题</strong></p>
</div><blockquote>
<p>Will Nvidia be sell the news?</p>
<p>— Mike &#34;Mish&#34; Shedlock (@MishGEA) November 19, 2025</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>Nvidia 会卖出好消息吗？</p>
<p>— Mike &#34;Mish&#34; Shedlock (@MishGEA) 2025 年 11 月 19 日</p>
</blockquote>
</div><p>Will Nvidia (NVDA) be sell the news?</p>
<div class="lb-trans"><p>Nvidia (NVDA) 会卖出好消息吗？</p>
</div><p>I never properly asked and did not vote. I meant judging by today, not yesterday’s after hours results.</p>
<div class="lb-trans"><p>我从未正确询问过，也没有投票。我是指今天的情况，而不是昨天的盘后结果。</p>
</div><p>Today, the answer is yes.</p>
<div class="lb-trans"><p>今天，答案是肯定的。</p>
</div><p><strong>Amusing Morning Headline Hoot</strong></p>
<div class="lb-trans"><p><strong>有趣的早间头条</strong></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://i0.wp.com/mishtalk.com/wp-content/uploads/2025/11/Headline-Hoot.png/query-cXVhbGl0eT04MCZyZXNpemU9Nzg4LDM4OCZzc2w9MQ" alt="" original-src="https://i0.wp.com/mishtalk.com/wp-content/uploads/2025/11/Headline-Hoot.png?resize=788%2C388&amp;quality=80&amp;ssl=1"/></p>
<p>Investing.Com changed that headline multiple times today, but kept the same link.</p>
<div class="lb-trans"><p>Investing.Com 今天多次更改了该标题，但保持了相同的链接。</p>
</div><p>And it was not just the headline that changed. So did the contents.</p>
<div class="lb-trans"><p>而且不仅仅是标题发生了变化，内容也发生了变化。</p>
</div><p>Here’s an amusing paragraph that Investing removed.</p>
<div class="lb-trans"><p>这是 Investing 删除的一段有趣的文字。</p>
</div><blockquote>
<p>“The market is very eager for a year-end rally and therefore is filtering news through that prism, and therefore the bulls/doves are likely to win the argument (at least for now),” said analysts at Vital Knowledge, in a note.</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“市场非常渴望年终反弹，因此正在通过这个视角过滤新闻，因此多头/鸽派可能会赢得争论（至少目前是这样），” Vital Knowledge 的分析师在一份报告中表示。</p>
</blockquote>
</div><p><strong>Huge Sell the Good News – S&amp;P 500</strong></p>
<div class="lb-trans"><p><strong>巨大的卖出好消息 – 标普 500</strong></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://i0.wp.com/mishtalk.com/wp-content/uploads/2025/11/Huge-Sell-the-Good-News-SP-500.png/query-cXVhbGl0eT04MCZyZXNpemU9MTAyNCw2NTImc3NsPTE" alt="" original-src="https://i0.wp.com/mishtalk.com/wp-content/uploads/2025/11/Huge-Sell-the-Good-News-SP-500.png?resize=1024%2C652&amp;quality=80&amp;ssl=1"/></p>
<p>S&amp;P 500 15-Minute Chart Courtesy of StockCharts.Com</p>
<div class="lb-trans"><p>标普 500 15 分钟图表，来自 StockCharts.Com</p>
</div><p>In about 90 minutes, the opening enthusiasm collapsed.</p>
<div class="lb-trans"><p>大约 90 分钟后，开盘的热情崩溃了。</p>
</div><p>This is the kind of action one sees at market tops. But is this the top?</p>
<div class="lb-trans"><p>这是市场顶部常见的行为。但这真的是顶部吗？</p>
</div><p><strong>Have the S&amp;P 500 and Nasdaq Stock Markets Peaked?</strong></p>
<div class="lb-trans"><p><strong>标普 500 和纳斯达克股市是否已达到顶峰？</strong></p>
</div><p>Two days ago, I asked <strong>Have the S&amp;P 500 and Nasdaq Stock Markets Peaked?</strong></p>
<div class="lb-trans"><p>两天前，我问过 <strong>标普 500 和纳斯达克股市是否已达到顶峰？</strong></p>
</div><blockquote>
<p>I don’t know and you don’t either. Instead, let’s discuss “What If?”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>我不知道，你也不知道。相反，让我们讨论 “如果呢？”</p>
</blockquote>
</div><p>My answer today is the same as two days ago other than to say it’s more likely now.</p>
<div class="lb-trans"><p>我今天的答案与两天前相同，只是说现在更有可能。</p>
</div><p>The market is insanely priced and has been for a long time. But one should not argue with bull markets.</p>
<div class="lb-trans"><p>市场的定价疯狂，已经很长时间了。但人们不应与牛市争论。</p>
</div><p>It’s a very bad sign when good news is sold. What more even better news is coming?</p>
<div class="lb-trans"><p>当好消息被抛售时，这是一个非常糟糕的信号。还有什么更好的消息即将到来？</p>
</div><p>If the top is in, click on the above link to see my sobering targets.</p>
<div class="lb-trans"><p>如果顶部已经形成，请点击上面的链接查看我令人警醒的目标。</p>
</div><p>And regarding Nvidia and AI, please see <strong>Circular Investment Deals in AI Look Similar to the Dot-Com Bubble</strong></p>
<div class="lb-trans"><p>关于 Nvidia 和 AI，请参见 <strong>AI 中的循环投资交易看起来类似于互联网泡沫</strong></p>
</div><blockquote>
<p>Please buy my product, and I’ll use the money to buy yours.</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>请购买我的产品，我会用这笔钱去购买你的产品。</p>
</blockquote>
</div><p>Recall Lucent’s lending of billions of dollars to upstart telecom companies fueling Lucent’s growth.</p>
<div class="lb-trans"><p>回想一下 Lucent 向新兴电信公司借贷数十亿美元以推动 Lucent 的增长。</p>
</div><p>When the financing went bust the scheme crashed.</p>
<div class="lb-trans"><p>当融资崩溃时，计划也随之崩溃。</p>
</div><p>Now, AMD is paying OpenAI to be a customer, albeit in a different way. The same is going on with Nvidia and OpenAI. But at least it’s not debt financed.</p>
<div class="lb-trans"><p>现在，AMD 正在以不同的方式支付 OpenAI 成为客户。Nvidia 和 OpenAI 也在进行同样的事情。但至少这不是债务融资。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>更多来自此作者的文章：</em></p>
</div><p>September Jobs Up 119,000 Unemployment Rises To 4.4 Percent</p>
<div class="lb-trans"><p>九月就业人数增加 119,000，失业率上升至 4.4%</p>
</div><p>FOMC Minutes Show Inflation Concerns, Fed Rate Cut Odds Plunge</p>
<div class="lb-trans"><p>FOMC 纪要显示通胀担忧，美联储降息概率骤降</p>
</div><p>How Trump’s Liberation Day Tariffs Work In Practice</p>
<div class="lb-trans"><p>特朗普的解放日关税在实践中的运作方式</p>
</div>

股市出现巨大缺口和崩盘，卖出英伟达的利好消息事件