<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>圖片來源：Pixabay</em></p>
<p>當好消息被打壓時，這是一個巨大的警告。</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 分鐘圖表，來自 StockCharts.Com</p>
<p><strong>昨日問題</strong></p>
<blockquote>
<p>Nvidia 會賣出好消息嗎？</p>
<p>— Mike &#34;Mish&#34; Shedlock (@MishGEA) 2025 年 11 月 19 日</p>
</blockquote>
<p>Nvidia (NVDA) 會賣出好消息嗎？</p>
<p>我從未正確詢問過，也沒有投票。我是指今天的情況，而不是昨天的盤後結果。</p>
<p>今天，答案是肯定的。</p>
<p><strong>有趣的早間頭條</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 今天多次更改了該標題，但保持了相同的鏈接。</p>
<p>而且不僅僅是標題發生了變化，內容也發生了變化。</p>
<p>這是 Investing 刪除的一段有趣的文字。</p>
<blockquote>
<p>“市場非常渴望年終反彈，因此正在通過這個視角過濾新聞，因此多頭/鴿派可能會贏得爭論（至少目前是這樣），” Vital Knowledge 的分析師在一份報告中表示。</p>
</blockquote>
<p><strong>巨大的賣出好消息 – 標普 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>標普 500 15 分鐘圖表，來自 StockCharts.Com</p>
<p>大約 90 分鐘後，開盤的熱情崩潰了。</p>
<p>這是市場頂部常見的行為。但這真的是頂部嗎？</p>
<p><strong>標普 500 和納斯達克股市是否已達到頂峯？</strong></p>
<p>兩天前，我問過 <strong>標普 500 和納斯達克股市是否已達到頂峯？</strong></p>
<blockquote>
<p>我不知道，你也不知道。相反，讓我們討論 “如果呢？”</p>
</blockquote>
<p>我今天的答案與兩天前相同，只是説現在更有可能。</p>
<p>市場的定價瘋狂，已經很長時間了。但人們不應與牛市爭論。</p>
<p>當好消息被拋售時，這是一個非常糟糕的信號。還有什麼更好的消息即將到來？</p>
<p>如果頂部已經形成，請點擊上面的鏈接查看我令人警醒的目標。</p>
<p>關於 Nvidia 和 AI，請參見 <strong>AI 中的循環投資交易看起來類似於互聯網泡沫</strong></p>
<blockquote>
<p>請購買我的產品，我會用這筆錢去購買你的產品。</p>
</blockquote>
<p>回想一下 Lucent 向新興電信公司借貸數十億美元以推動 Lucent 的增長。</p>
<p>當融資崩潰時，計劃也隨之崩潰。</p>
<p>現在，AMD 正在以不同的方式支付 OpenAI 成為客户。Nvidia 和 OpenAI 也在進行同樣的事情。但至少這不是債務融資。</p>
<hr/>
<p><em>更多來自此作者的文章：</em></p>
<p>九月就業人數增加 119,000，失業率上升至 4.4%</p>
<p>FOMC 紀要顯示通脹擔憂，美聯儲降息概率驟降</p>
<p>特朗普的解放日關税在實踐中的運作方式</p>

2 倍做多英偉達 ETF - GraniteShares

南方兩倍做多英偉達

南方兩倍做空英偉達

英偉達期權收益策略 ETF - YieldMax

1 倍做空英偉達 ETF - Direxion

2 倍做多 NVDA ETF - T-Rex

2 倍做空 NVDA ETF - T-Rex

<p>這篇文章討論了市場對英偉達好消息的負面反應，表明市場可能處於頂部。儘管有積極消息，英偉達的股票以及標準普爾 500 指數和納斯達克等更廣泛的指數顯示出見頂的跡象，暗示在牛市中應保持謹慎。文章還將當前的人工智能投資趨勢與互聯網泡沫進行比較，強調潛在風險</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>圖片來源：Pixabay</em></p>
</div><p>It’s a huge warning when good news is smashed.</p>
<div class="lb-trans"><p>當好消息被打壓時，這是一個巨大的警告。</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 分鐘圖表，來自 StockCharts.Com</p>
</div><p><strong>Question of the Day Yesterday</strong></p>
<div class="lb-trans"><p><strong>昨日問題</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 會賣出好消息嗎？</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) 會賣出好消息嗎？</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>我從未正確詢問過，也沒有投票。我是指今天的情況，而不是昨天的盤後結果。</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>有趣的早間頭條</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 今天多次更改了該標題，但保持了相同的鏈接。</p>
</div><p>And it was not just the headline that changed. So did the contents.</p>
<div class="lb-trans"><p>而且不僅僅是標題發生了變化，內容也發生了變化。</p>
</div><p>Here’s an amusing paragraph that Investing removed.</p>
<div class="lb-trans"><p>這是 Investing 刪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>“市場非常渴望年終反彈，因此正在通過這個視角過濾新聞，因此多頭/鴿派可能會贏得爭論（至少目前是這樣），” Vital Knowledge 的分析師在一份報告中表示。</p>
</blockquote>
</div><p><strong>Huge Sell the Good News – S&amp;P 500</strong></p>
<div class="lb-trans"><p><strong>巨大的賣出好消息 – 標普 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>標普 500 15 分鐘圖表，來自 StockCharts.Com</p>
</div><p>In about 90 minutes, the opening enthusiasm collapsed.</p>
<div class="lb-trans"><p>大約 90 分鐘後，開盤的熱情崩潰了。</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>這是市場頂部常見的行為。但這真的是頂部嗎？</p>
</div><p><strong>Have the S&amp;P 500 and Nasdaq Stock Markets Peaked?</strong></p>
<div class="lb-trans"><p><strong>標普 500 和納斯達克股市是否已達到頂峯？</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>兩天前，我問過 <strong>標普 500 和納斯達克股市是否已達到頂峯？</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，讓我們討論 “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>我今天的答案與兩天前相同，只是説現在更有可能。</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>市場的定價瘋狂，已經很長時間了。但人們不應與牛市爭論。</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>當好消息被拋售時，這是一個非常糟糕的信號。還有什麼更好的消息即將到來？</p>
</div><p>If the top is in, click on the above link to see my sobering targets.</p>
<div class="lb-trans"><p>如果頂部已經形成，請點擊上面的鏈接查看我令人警醒的目標。</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>關於 Nvidia 和 AI，請參見 <strong>AI 中的循環投資交易看起來類似於互聯網泡沫</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>請購買我的產品，我會用這筆錢去購買你的產品。</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 向新興電信公司借貸數十億美元以推動 Lucent 的增長。</p>
</div><p>When the financing went bust the scheme crashed.</p>
<div class="lb-trans"><p>當融資崩潰時，計劃也隨之崩潰。</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>現在，AMD 正在以不同的方式支付 OpenAI 成為客户。Nvidia 和 OpenAI 也在進行同樣的事情。但至少這不是債務融資。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>更多來自此作者的文章：</em></p>
</div><p>September Jobs Up 119,000 Unemployment Rises To 4.4 Percent</p>
<div class="lb-trans"><p>九月就業人數增加 119,000，失業率上升至 4.4%</p>
</div><p>FOMC Minutes Show Inflation Concerns, Fed Rate Cut Odds Plunge</p>
<div class="lb-trans"><p>FOMC 紀要顯示通脹擔憂，美聯儲降息概率驟降</p>
</div><p>How Trump’s Liberation Day Tariffs Work In Practice</p>
<div class="lb-trans"><p>特朗普的解放日關税在實踐中的運作方式</p>
</div>

股市出現巨大缺口和崩盤，賣出英偉達的利好消息事件