Recently, major asset markets around the world have been frequently viewed with skepticism. From US stocks, A-shares to Crypto Assets and gold, they have all been labeled as "bubble tops." Various unsettling claims are circulating in the market: some say Buffett is on the sidelines, tech stocks may repeat the internet bubble of 2000, US stocks might face a collapse similar to 2008, A-shares may see adjustments around 4000 points, Crypto Assets are considered to lack intrinsic value, and the surge in gold prices is seen as a signal of economic turmoil. These statements indeed cause concern.

However, we need to remain calm and rational. In fact, this pessimism arises every year. It was the same in March and April this year, when the market was flooded with negative news, causing investors to hesitate, but then the market rebounded. The current situation is similar—macroeconomic fundamentals do not support the rhetoric of a complete collapse. The U.S. economy has not shown systematic risks similar to the 2007 subprime mortgage crisis; although economic data has fluctuated, it is far from reaching the level of a crisis outbreak.

The situation in the Crypto Assets market is more complex. Indeed, many small cryptocurrencies lack practical applications and mainly rely on speculation, making it difficult for these assets to escape the fate of a bubble burst. However, this does not mean that the entire market will collapse. Core assets like Bitcoin and Ethereum are supported by long-term capital and macro funding logic, and they are more influenced by liquidity and policy expectations.

The current key point is: the world is still in a large cycle of accommodative expectations. Countries are considering or implementing measures such as interest rate cuts, quantitative easing, and fiscal stimulus. Once liquidity is released, funds are likely to flow back into various risk assets, which is the fundamental driving force behind the rise in asset prices.

Therefore, we should not be swayed by extreme rhetoric. Often, when the bearish voices are the loudest, it may actually signal that some investors have already reduced their positions. A truly wise investment strategy is to look for opportunities, gradually accumulate, and remain flexible. A complete market collapse has not yet occurred, and there is still potential in the market; the situation of global liquidity easing may continue for some time.

In such a market environment, investors should remain vigilant, but at the same time, they should recognize that opportunities and risks coexist. Focusing on fundamentals, rational analysis, and moderately diversifying investments may be a wise approach to cope with the current market uncertainties.