Probably a more important test of the portfolio was what happened around the collapse of the Internet bubble in 2000.

对这个组合更严峻的考验可能是,2000年那场互联网泡沫的破裂

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They have then applied a test called a portfolio model to the process.

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But big headline market rallies will test this expectation, because a conservatively positioned portfolio will most likely lag, as it should.

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And the big test is yet to come: how risky Chase's loan portfolio turns out to be when the American economy stops growing, as one day it must.

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