Value stocks vs speculative st_老虎社区_美港股上老虎

2021-04-21

Value stocks vs speculative stocks. Which one dou think will prevail in 2021?

Why Growth Stocks’ Rebound Doesn’t Mean Value’s Comeback Is Over<blockquote>为什么成长型股票的反弹并不意味着价值股的回归已经结束</blockquote>

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Which one dou think will prevail in 2021?","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/378314134","repostId":1148637565,"repostType":4,"repost":{"id":"1148637565","kind":"news","pubTimestamp":1618977720,"share":"https://www.laohu8.com/m/news/1148637565?lang=zh_CN&edition=full","pubTime":"2021-04-21 12:02","market":"us","language":"en","title":"Why Growth Stocks’ Rebound Doesn’t Mean Value’s Comeback Is Over<blockquote>为什么成长型股票的反弹并不意味着价值股的回归已经结束</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148637565","media":"Barron's","summary":"Stocks like Apple and Tesla are again leading the market, raising questions about whether a short re","content":"Stocks like Apple and Tesla are again leading the market, raising questions about whether a short reprieve for shares of companies closely linked to the economy—overlooked for close to a decade—may already be over. But the market’s latest moves may indicate only a pause, rather than a reversal in value’s comeback.<blockquote>苹果和特斯拉等股票再次引领市场，引发了人们的疑问：与经济密切相关的公司股票（被忽视了近十年）的短暂喘息是否已经结束。但市场的最新走势可能只表明暂停，而不是价值回归的逆转。</blockquote>Value stocks, or those that typically trade at a low multiples versus their cash flow or other metrics, had started to perk up late last year. News of a vaccine for Covid-19 raised hope for a strong global recovery and bolstered the outlooks for financials, manufacturers, energy, and other commodity-oriented companies.<blockquote>价值股，或那些相对于现金流或其他指标通常以较低倍数交易的股票，在去年年底开始回升。Covid-19疫苗的消息引发了全球强劲复苏的希望，并提振了金融、制造商、能源和其他大宗商品公司的前景。</blockquote>But a recent decline in interest rates and inflation expectations has led to another reversal. TheiShares S&amp;P 500 ValueETF (ticker: IVE) has gained 3.7% in the past month while theiShares S&amp;P 500 GrowthETF (IVW) is up 7.7%. In a note to clients on Tuesday, Nicholas Colas, co-founder of DataTrek Research, attributed growth’s recent outperformance to five companies:Apple(AAPL);Microsoft(MSFT);Amazon.com(AMZN); Google’s owner, Alphabet (GOOG); andTesla(TSLA).<blockquote>但最近利率和通胀预期的下降导致了另一个逆转。iShares标普500价值ETF（股票代码：IVE）在过去一个月上涨了3.7%，而iShares标普500增长ETF（IVW）上涨了7.7%。DataTrek Research联合创始人Nicholas Colas在周二给客户的一份报告中将growth最近的优异表现归功于五家公司：苹果(AAPL)；微软（MSFT）；亚马逊（AMZN）；谷歌的所有者Alphabet(GOOG)；和特斯拉(TSLA).</blockquote>“A sudden rotation into brand-name growth stocks isn’t typically a good sign for markets over the near term,” Colas wrote. Investors took cover in big-cap tech stocks as markets swooned last year, and the fact that money has been flowing back into them lately could suggest people are hitting pause on their reopening plays, before adding to their holdings of more cyclical stocks. Investors may be waiting to see more proof that the recovery will come through, he said.<blockquote>科拉斯写道：“短期内，突然转向品牌成长型股票对市场来说通常不是一个好兆头。”去年市场暴跌时，投资者纷纷买入大型科技股，而最近资金又重新流入这些股的事实可能表明，人们在增持更具周期性的股票之前，正在暂停重新开放的投资。他表示，投资者可能正在等待更多复苏将会到来的证据。</blockquote>Morgan Stanley Wealth Management’sLisa Shalett is also skeptical of the recent resurgence in growth stocks and the likelihood that the economic rebound this cycle will be narrow, forcing the Federal Reserve to keep interest rates ultralow. Low rates tend to benefit growth stocks more than value.<blockquote>摩根士丹利财富管理的Lisa Shalett也对近期成长股的复苏以及本周期经济反弹幅度狭窄、迫使美联储维持超低利率的可能性持怀疑态度。低利率往往比价值型股票更有利于成长型股票。</blockquote>In a note to clients, Shalett said she expects growth this business cycle to be much broader and stronger than in the past one, with credit growth likely to resume. Instead of monetary policy, fiscal policy, whether through infrastructure spending or other stimulus measures, will loom large over the market—potentially contributing to higher inflation.<blockquote>沙莱特在给客户的一份报告中表示，她预计本商业周期的增长将比上一个周期更广泛、更强劲，信贷增长可能会恢复。财政政策，无论是通过基础设施支出还是其他刺激措施，将取代货币政策，在市场上占据主导地位——可能会导致通胀上升。</blockquote>Inflation could bring higher interest rates, benefiting banks. Commodity producers would gain as well.<blockquote>通货膨胀可能会带来更高的利率，使银行受益。大宗商品生产商也将受益。</blockquote>As a result, she recommends investors tilt toward cyclical stocks, foreign, value, and quality factors.<blockquote>因此，她建议投资者倾向于周期性股票、外国股票、价值和质量因素。</blockquote>Indeed, people putting money into passive investment funds still seem to prefer value. As of last week, value exchange-traded funds had recorded 12 consecutive weeks of net inflows, while growth ETFs saw the biggest outflows in six weeks, according to equity and quantitative strategists atBank of America.<blockquote>事实上，将资金投入被动投资基金的人似乎仍然更喜欢价值。美国银行股票和量化策略师表示，截至上周，价值型交易所交易基金已连续12周录得净流入，而成长型ETF则出现六周来最大的资金流出。</blockquote>The BofA strategists see more room for value to recover, based on signs they track. For example, value has only outperformed growth by about 20% versus 60% on average, and its outperformance is only in its seventh month, while periods when value beats growth average 33 months. Profit growth also has yet to peak, and money managers are still light on value-oriented stocks, with active funds roughly 30% underweight value.<blockquote>根据他们跟踪的迹象，美国银行策略师认为价值还有更大的恢复空间。例如，value的表现仅优于增长约20%，而平均为60%，而且其表现仅在第七个月，而value跑赢增长的时期平均为33个月。利润增长也尚未见顶，基金经理仍然不看好价值导向型股票，主动型基金的跑输大盘价值约为30%。</blockquote>Abhay Deshpande, a veteran value manager and chief investment officer at Centerstone Investors, is fully invested even though markets look expensive.<blockquote>Centerstone Investors的资深价值经理兼首席投资官阿沛·德什潘德(Abhay Deshpande)尽管市场看起来昂贵，但他仍进行了充分投资。</blockquote>Many of the opportunities Centerstone has found are popping up in small to midsize companies abroad, including in smaller emerging markets that have been ignored as investors have flocked to big technology stocks and large markets like China. One area Desphande finds attractive: travel and casino companies in emerging Asia as vaccine distribution picks up and a global recovery takes hold.<blockquote>Centerstone发现的许多机会正在海外中小型公司中涌现，包括规模较小的新兴市场，这些市场因投资者纷纷涌向大型科技股和中国等大型市场而被忽视。Desphande发现有一个领域很有吸引力：随着疫苗分发的增加和全球复苏的到来，新兴亚洲的旅游和赌场公司。</blockquote>Larry Pitkowsky, manager of theGoodHaven(GOODX) fund, also thinks markets are pricey, but he is finding the quality value stocks he tends to favor amid financials. The market hasn’t fully priced in the benefit to financial companies as interest rates rise, Pitkowsky believes, so he is adding to his holdings of stocks likeProgressive(PGR). The insurer offers a high return on capital, growing revenue, and a strong management, but the stock is trading relatively cheaply, at multiples in the midteens, he said.<blockquote>GoodHaven(GOODX)基金经理拉里·皮特科斯基(Larry Pitkowsky)也认为市场价格昂贵，但他正在寻找金融股中他倾向于青睐的优质价值股票。皮特科夫斯基认为，市场尚未完全消化利率上升给金融公司带来的好处，因此他正在增持Progressive(PGR)等股票。他表示，该保险公司提供较高的资本回报率、不断增长的收入和强大的管理层，但该股的交易价格相对便宜，市盈率在十几倍左右。</blockquote>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Growth Stocks’ Rebound Doesn’t Mean Value’s Comeback Is Over<blockquote>为什么成长型股票的反弹并不意味着价值股的回归已经结束</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Growth Stocks’ Rebound Doesn’t Mean Value’s Comeback Is Over<blockquote>为什么成长型股票的反弹并不意味着价值股的回归已经结束</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nBarron's2021-04-21 12:02\n\n</h4>\n</header>\n<article>\nStocks like Apple and Tesla are again leading the market, raising questions about whether a short reprieve for shares of companies closely linked to the economy—overlooked for close to a decade—may already be over. But the market’s latest moves may indicate only a pause, rather than a reversal in value’s comeback.<blockquote>苹果和特斯拉等股票再次引领市场，引发了人们的疑问：与经济密切相关的公司股票（被忽视了近十年）的短暂喘息是否已经结束。但市场的最新走势可能只表明暂停，而不是价值回归的逆转。</blockquote>Value stocks, or those that typically trade at a low multiples versus their cash flow or other metrics, had started to perk up late last year. News of a vaccine for Covid-19 raised hope for a strong global recovery and bolstered the outlooks for financials, manufacturers, energy, and other commodity-oriented companies.<blockquote>价值股，或那些相对于现金流或其他指标通常以较低倍数交易的股票，在去年年底开始回升。Covid-19疫苗的消息引发了全球强劲复苏的希望，并提振了金融、制造商、能源和其他大宗商品公司的前景。</blockquote>But a recent decline in interest rates and inflation expectations has led to another reversal. TheiShares S&amp;P 500 ValueETF (ticker: IVE) has gained 3.7% in the past month while theiShares S&amp;P 500 GrowthETF (IVW) is up 7.7%. In a note to clients on Tuesday, Nicholas Colas, co-founder of DataTrek Research, attributed growth’s recent outperformance to five companies:Apple(AAPL);Microsoft(MSFT);Amazon.com(AMZN); Google’s owner, Alphabet (GOOG); andTesla(TSLA).<blockquote>但最近利率和通胀预期的下降导致了另一个逆转。iShares标普500价值ETF（股票代码：IVE）在过去一个月上涨了3.7%，而iShares标普500增长ETF（IVW）上涨了7.7%。DataTrek Research联合创始人Nicholas Colas在周二给客户的一份报告中将growth最近的优异表现归功于五家公司：苹果(AAPL)；微软（MSFT）；亚马逊（AMZN）；谷歌的所有者Alphabet(GOOG)；和特斯拉(TSLA).</blockquote>“A sudden rotation into brand-name growth stocks isn’t typically a good sign for markets over the near term,” Colas wrote. Investors took cover in big-cap tech stocks as markets swooned last year, and the fact that money has been flowing back into them lately could suggest people are hitting pause on their reopening plays, before adding to their holdings of more cyclical stocks. Investors may be waiting to see more proof that the recovery will come through, he said.<blockquote>科拉斯写道：“短期内，突然转向品牌成长型股票对市场来说通常不是一个好兆头。”去年市场暴跌时，投资者纷纷买入大型科技股，而最近资金又重新流入这些股的事实可能表明，人们在增持更具周期性的股票之前，正在暂停重新开放的投资。他表示，投资者可能正在等待更多复苏将会到来的证据。</blockquote>Morgan Stanley Wealth Management’sLisa Shalett is also skeptical of the recent resurgence in growth stocks and the likelihood that the economic rebound this cycle will be narrow, forcing the Federal Reserve to keep interest rates ultralow. Low rates tend to benefit growth stocks more than value.<blockquote>摩根士丹利财富管理的Lisa Shalett也对近期成长股的复苏以及本周期经济反弹幅度狭窄、迫使美联储维持超低利率的可能性持怀疑态度。低利率往往比价值型股票更有利于成长型股票。</blockquote>In a note to clients, Shalett said she expects growth this business cycle to be much broader and stronger than in the past one, with credit growth likely to resume. Instead of monetary policy, fiscal policy, whether through infrastructure spending or other stimulus measures, will loom large over the market—potentially contributing to higher inflation.<blockquote>沙莱特在给客户的一份报告中表示，她预计本商业周期的增长将比上一个周期更广泛、更强劲，信贷增长可能会恢复。财政政策，无论是通过基础设施支出还是其他刺激措施，将取代货币政策，在市场上占据主导地位——可能会导致通胀上升。</blockquote>Inflation could bring higher interest rates, benefiting banks. Commodity producers would gain as well.<blockquote>通货膨胀可能会带来更高的利率，使银行受益。大宗商品生产商也将受益。</blockquote>As a result, she recommends investors tilt toward cyclical stocks, foreign, value, and quality factors.<blockquote>因此，她建议投资者倾向于周期性股票、外国股票、价值和质量因素。</blockquote>Indeed, people putting money into passive investment funds still seem to prefer value. As of last week, value exchange-traded funds had recorded 12 consecutive weeks of net inflows, while growth ETFs saw the biggest outflows in six weeks, according to equity and quantitative strategists atBank of America.<blockquote>事实上，将资金投入被动投资基金的人似乎仍然更喜欢价值。美国银行股票和量化策略师表示，截至上周，价值型交易所交易基金已连续12周录得净流入，而成长型ETF则出现六周来最大的资金流出。</blockquote>The BofA strategists see more room for value to recover, based on signs they track. For example, value has only outperformed growth by about 20% versus 60% on average, and its outperformance is only in its seventh month, while periods when value beats growth average 33 months. Profit growth also has yet to peak, and money managers are still light on value-oriented stocks, with active funds roughly 30% underweight value.<blockquote>根据他们跟踪的迹象，美国银行策略师认为价值还有更大的恢复空间。例如，value的表现仅优于增长约20%，而平均为60%，而且其表现仅在第七个月，而value跑赢增长的时期平均为33个月。利润增长也尚未见顶，基金经理仍然不看好价值导向型股票，主动型基金的跑输大盘价值约为30%。</blockquote>Abhay Deshpande, a veteran value manager and chief investment officer at Centerstone Investors, is fully invested even though markets look expensive.<blockquote>Centerstone Investors的资深价值经理兼首席投资官阿沛·德什潘德(Abhay Deshpande)尽管市场看起来昂贵，但他仍进行了充分投资。</blockquote>Many of the opportunities Centerstone has found are popping up in small to midsize companies abroad, including in smaller emerging markets that have been ignored as investors have flocked to big technology stocks and large markets like China. One area Desphande finds attractive: travel and casino companies in emerging Asia as vaccine distribution picks up and a global recovery takes hold.<blockquote>Centerstone发现的许多机会正在海外中小型公司中涌现，包括规模较小的新兴市场，这些市场因投资者纷纷涌向大型科技股和中国等大型市场而被忽视。Desphande发现有一个领域很有吸引力：随着疫苗分发的增加和全球复苏的到来，新兴亚洲的旅游和赌场公司。</blockquote>Larry Pitkowsky, manager of theGoodHaven(GOODX) fund, also thinks markets are pricey, but he is finding the quality value stocks he tends to favor amid financials. The market hasn’t fully priced in the benefit to financial companies as interest rates rise, Pitkowsky believes, so he is adding to his holdings of stocks likeProgressive(PGR). The insurer offers a high return on capital, growing revenue, and a strong management, but the stock is trading relatively cheaply, at multiples in the midteens, he said.<blockquote>GoodHaven(GOODX)基金经理拉里·皮特科斯基(Larry Pitkowsky)也认为市场价格昂贵，但他正在寻找金融股中他倾向于青睐的优质价值股票。皮特科夫斯基认为，市场尚未完全消化利率上升给金融公司带来的好处，因此他正在增持Progressive(PGR)等股票。他表示，该保险公司提供较高的资本回报率、不断增长的收入和强大的管理层，但该股的交易价格相对便宜，市盈率在十几倍左右。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/growth-stocks-rebound-doesnt-mean-values-comeback-is-over-51618948792?mod=hp_LEADSUPP_1\">Barron's</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/growth-stocks-rebound-doesnt-mean-values-comeback-is-over-51618948792?mod=hp_LEADSUPP_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148637565","content_text":"Stocks like Apple and Tesla are again leading the market, raising questions about whether a short reprieve for shares of companies closely linked to the economy—overlooked for close to a decade—may already be over. But the market’s latest moves may indicate only a pause, rather than a reversal in value’s comeback.Value stocks, or those that typically trade at a low multiples versus their cash flow or other metrics, had started to perk up late last year. News of a vaccine for Covid-19 raised hope for a strong global recovery and bolstered the outlooks for financials, manufacturers, energy, and other commodity-oriented companies.But a recent decline in interest rates and inflation expectations has led to another reversal. TheiShares S&P 500 ValueETF (ticker: IVE) has gained 3.7% in the past month while theiShares S&P 500 GrowthETF (IVW) is up 7.7%. In a note to clients on Tuesday, Nicholas Colas, co-founder of DataTrek Research, attributed growth’s recent outperformance to five companies:Apple(AAPL);Microsoft(MSFT);Amazon.com(AMZN); Google’s owner, Alphabet (GOOG); andTesla(TSLA).“A sudden rotation into brand-name growth stocks isn’t typically a good sign for markets over the near term,” Colas wrote. Investors took cover in big-cap tech stocks as markets swooned last year, and the fact that money has been flowing back into them lately could suggest people are hitting pause on their reopening plays, before adding to their holdings of more cyclical stocks. Investors may be waiting to see more proof that the recovery will come through, he said.Morgan Stanley Wealth Management’sLisa Shalett is also skeptical of the recent resurgence in growth stocks and the likelihood that the economic rebound this cycle will be narrow, forcing the Federal Reserve to keep interest rates ultralow. Low rates tend to benefit growth stocks more than value.In a note to clients, Shalett said she expects growth this business cycle to be much broader and stronger than in the past one, with credit growth likely to resume. Instead of monetary policy, fiscal policy, whether through infrastructure spending or other stimulus measures, will loom large over the market—potentially contributing to higher inflation.Inflation could bring higher interest rates, benefiting banks. Commodity producers would gain as well.As a result, she recommends investors tilt toward cyclical stocks, foreign, value, and quality factors.Indeed, people putting money into passive investment funds still seem to prefer value. As of last week, value exchange-traded funds had recorded 12 consecutive weeks of net inflows, while growth ETFs saw the biggest outflows in six weeks, according to equity and quantitative strategists atBank of America.The BofA strategists see more room for value to recover, based on signs they track. For example, value has only outperformed growth by about 20% versus 60% on average, and its outperformance is only in its seventh month, while periods when value beats growth average 33 months. Profit growth also has yet to peak, and money managers are still light on value-oriented stocks, with active funds roughly 30% underweight value.Abhay Deshpande, a veteran value manager and chief investment officer at Centerstone Investors, is fully invested even though markets look expensive.Many of the opportunities Centerstone has found are popping up in small to midsize companies abroad, including in smaller emerging markets that have been ignored as investors have flocked to big technology stocks and large markets like China. One area Desphande finds attractive: travel and casino companies in emerging Asia as vaccine distribution picks up and a global recovery takes hold.Larry Pitkowsky, manager of theGoodHaven(GOODX) fund, also thinks markets are pricey, but he is finding the quality value stocks he tends to favor amid financials. The market hasn’t fully priced in the benefit to financial companies as interest rates rise, Pitkowsky believes, so he is adding to his holdings of stocks likeProgressive(PGR). The insurer offers a high return on capital, growing revenue, and a strong management, but the stock is trading relatively cheaply, at multiples in the midteens, he said.","news_type":1,"symbols_score_info":{"SPY":0.9,".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":461,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["AONE.U","MKFG"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":65,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/378314134"}