有没有同学告知一下啊~~~

我回答你吧 我刚看了第二轮的经济学
你的理解问题在单词“bearish" 就是要发生反转的情况 是将要
which flow-of-funds indicator is considered bearish for equities?
A. a large increase in the number of Ipos
B. higher-than-average cash balance in mutual funds
C. an upturn in margin debt but one that is still below the long-term average

答案是a. 为什么？新股发行或者增发当然选择在高价位的时候
还有我想知道b为什么不对。因为书上有说： If prices are trending lower, however, the manager may hold the funds in cash to improve the fund performance.
B. higher-than-average cash balance in mutual funds现金留存那么多做什么 就是在市场不好的时候 已经发生了 就是熊市已经产生了 那么卖掉头寸

prices are treding lower,代表的不是熊市么？