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2021-04-22

Wow

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2021-03-29

Great news!

Asian stocks rise after Wall Street highs and on vaccine optimism<blockquote>亚洲股市在华尔街高点和疫苗乐观情绪后上涨</blockquote>

2021-04-25

Its all abt P&L

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2021-04-13

Wow

The ‘Coinbase Effect’ Shows the Company’s Importance, and How It Could Diminish<blockquote>“Coinbase效应”显示了该公司的重要性以及它如何削弱</blockquote>

2021-03-31

Hmmmm

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2021-03-30

Good to know

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2021-08-03

Good insights

Lyft and Uber Report Earnings This Week. Here’s What to Expect.<blockquote>Lyft和优步本周公布财报。这是可以期待的。</blockquote>

2021-03-22

[强]

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2021-03-31

Omg

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2021-05-04

Wow

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2021-04-23

Wow

Tesla Hit As The QQQ, SPY And DIA All Fell Today. Here's Why<blockquote>特斯拉受到打击，QQQ、SPDR标普500指数ETF和DIA今天均下跌。原因如下</blockquote>

2021-04-15

$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$.....

2021-03-31

Great

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2021-03-29

Bad news

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2021-06-02

Good read

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2021-04-18

Omg

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2021-04-18

Wow

U.S. stocks gained in Friday open. Blockchain stocks fell<blockquote>美国股市周五开盘上涨。区块链股票下跌</blockquote>

2021-04-14

Wow

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2021-04-14

Omg

Monetary Policy Blunder: Not Managing Economic & Financial Outcomes Equally<blockquote>货币政策失误：没有平等管理经济和金融结果</blockquote>

2021-04-12

Hmm

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insights","listText":"Good insights","text":"Good insights","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/804209511","repostId":"1189156110","repostType":4,"repost":{"id":"1189156110","kind":"news","pubTimestamp":1627954490,"share":"https://www.laohu8.com/m/news/1189156110?lang=zh_CN&edition=full","pubTime":"2021-08-03 09:34","market":"us","language":"en","title":"Lyft and Uber Report Earnings This Week. Here’s What to Expect.<blockquote>Lyft和优步本周公布财报。这是可以期待的。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1189156110","media":"Barrons","summary":"The recovery in the ride-sharing business is picking up steam. Whether it will be enough to re-energ","content":"<p>The recovery in the ride-sharing business is picking up steam. Whether it will be enough to re-energize investors about Uber Technologies and Lyft, we’ll find out this week.</p><p><blockquote>拼车业务的复苏正在加速。这是否足以重新激发投资者对优步科技和Lyft的兴趣，我们将在本周揭晓。</blockquote></p><p> Lyft (ticker: LYFT) reports June-quarter earnings on Tuesday after the close of trading, with Uber (UBER) following 24 hours later. In both cases, results should show a huge rebound from the year ago quarter, when demand collapsed amid the nearly complete shutdown of consumer and business travel. Talk about your easy comparisons: In the June 2020 quarter,Uber’s revenue fell 33%, while Lyft’s top line&nbsp;dropped 61%, with Uber’s smaller decline reflecting growth in its food-delivery arm.</p><p><blockquote>Lyft（股票代码：Lyft）将于周二收盘后公布6月份季度收益，优步（UBER）将在24小时后公布。在这两种情况下，结果都应该显示出与去年同期相比的巨大反弹，当时由于消费者和商务旅行几乎完全关闭，需求崩溃。谈谈你的简单比较：在2020年6月的季度，Uber的收入下降了33%，而Lyft的营收下降了61%，Uber的降幅较小反映了其食品配送部门的增长。</blockquote></p><p> For the June 2021 quarter, Street estimates call for Uber to post revenue of $3.74 billion, up 67% from a year ago, with Lyft expected to jump 105%, to $696 million. For Uber, Street consensus calls for Rides revenue of $1.7 billion, up 118%, with Eats also projected to be $1.7 billion, up 44%. Neither is expected to be profitable in the quarter: projections call for per-share losses of 51 cents for Uber and 24 cents for Lyft.</p><p><blockquote>Street预计，2021年6月季度，Uber的看涨期权收入将达到37.4亿美元，同比增长67%，Lyft预计将增长105%，达到6.96亿美元。对于Uber来说，街头共识乘车收入评级为17亿美元，增长118%，Eats预计也为17亿美元，增长44%。预计这两家公司本季度都不会盈利：看涨期权预计Uber每股亏损51美分，Lyft每股亏损24美分。</blockquote></p><p> For the year to date through Friday, Lyft stock has risen 13%, while Uber stock has slipped 15%, as investors looking for a reopening bet leaned toward the purer play on a domestic pick up in ride-sharing, rather than the more-diversified bet in Uber. Also weighing on Uber shares: the company’s substantial stake in the China-based ride-sharing company DiDi (DIDI), which has tumbled since its recent initial public offering, after&nbsp;receiving intense scrutinyfrom Chinese regulators.</p><p><blockquote>截至周五的今年以来，Lyft股价已上涨13%，而优步股价则下跌15%，因为寻求重新开放押注的投资者倾向于更纯粹地关注国内拼车业务的复苏，而不是更多。-对优步的多元化押注。同样令优步股价承压的还有：该公司持有的中国拼车公司滴滴出行（DIDI）的大量股份，在受到中国监管机构的严格审查后，该公司自最近首次公开募股以来股价大幅下跌。</blockquote></p><p> On Monday, with earnings just ahead, Gordon Haskett analyst Robert Mollins picked up coverage of both stocks, starting Uber with a Buy rating and $65 target price—which would be a potential return of about 50%—while launching coverage of Lyft with a Hold rating and $59 target price.</p><p><blockquote>周一，随着财报即将公布，Gordon Haskett分析师Robert Mollins对这两只股票进行了评级，对Uber给予买入评级和65美元的目标价（潜在回报率约为50%），同时对Lyft给予持有评级评级和59美元的目标价。</blockquote></p><p> “We view Uber as a company that continues to further ingrain itself in the everyday lives of consumers, which will lead to share gains across both rides and delivery and in turn upward top- and bottom-line revision over the coming years,” Mollins writes in his research note. “In the near-term, Uber offers investors exposure to reopening (rides) and defense against a prolonged Covid backdrop (delivery). Furthermore, we see Uber as well positioned to capitalize on a structural shift toward convenience with its restaurant and grocery delivery offerings. We also believe Uber Freight is an underappreciated business that will become a leader in the freight brokerage industry.”</p><p><blockquote>莫林斯写道：“我们认为优步是一家继续在消费者日常生活中根深蒂固的公司，这将导致乘车和送货的份额增长，进而在未来几年上调营收和利润。”在他的研究报告中。“短期内，Uber为投资者提供了重新开放（乘车）和抵御长期新冠疫情背景（送货）的机会。此外，我们认为Uber也有能力利用其餐厅和杂货送货服务向便利性的结构性转变。我们还相信Uber货运是一项未被充分重视的业务，将成为货运经纪行业的领导者。”</blockquote></p><p> Mollins finds Lyft shares less appealing. While he notes that bears on the stock have been wrong in their view that Lyft can’t effectively compete against Uber, he thinks Lyft’s singular focus on the U.S. ride-sharing market is a disadvantage. He thinks Uber’s “super app” approach will result in market-share gains at Lyft’s expense.</p><p><blockquote>莫林斯发现Lyft股票的吸引力较小。虽然他指出，看空该股的人认为Lyft无法有效与Uber竞争的观点是错误的，但他认为Lyft对美国拼车市场的单一关注是一个劣势。他认为优步的“超级应用”方法将以牺牲Lyft的利益为代价获得市场份额。</blockquote></p><p> As for the June quarter, analysts are generally upbeat about the pending results. Wedbush analyst Dan Ives, who has Outperform ratings on both Uber and Lyft, thinks the reports should provide evidence that the two companies are making progress on their push to reach break-even as measured by earnings before interest, taxes, depreciation and amortization, or Ebitda.</p><p><blockquote>至于六月季度，分析师普遍对即将公布的业绩持乐观态度。Wedbush分析师Dan Ives对Uber和Lyft都给予了跑赢大盘的评级，他认为这些报告应该提供证据，证明这两家公司在努力实现以息税折旧摊销前利润衡量的盈亏平衡方面正在取得进展，或Ebitda。</blockquote></p><p> As noted, the easy comparisons should result in huge growth. “We expect to get good news around underlying ride-sharing demand metrics and profitability outlook despite the delta variant, and expect to see a healthier equilibrium going forward,” Ives writes in a research note. “We view Uber and Lyft as strong names to play the reopening theme.”</p><p><blockquote>如前所述，简单的比较应该会带来巨大的增长。Ives在一份研究报告中写道：“尽管处于德尔塔变异毒株，但我们预计将获得有关基本拼车需求指标和盈利前景的好消息，并预计未来将出现更健康的平衡。”“我们认为优步和Lyft是播放重新开放主题的强有力的名字。”</blockquote></p><p> On Monday, BofA Global Securities analyst Justin Post reiterated his Buy rating and $71 target price on on Uber shares, while lifting his estimates for the quarter. He notes that there are multiple reasons the stock has come under pressure, including perceived risk from the company’s pending&nbsp;Transplace freight logistics acquisition, weakness tied to the company’s DiDi stake, reports that SoftBank has sold a portion of its Uber stake, and concerns about extended wait times and high prices for rides. But he adds that despite all of those concerns, Uber should see estimates ratchet higher as the mobility business improvement and investor sentiment recovers.</p><p><blockquote>周一，美国银行全球证券分析师贾斯汀·波斯特重申了对Uber股票的买入评级和71美元的目标价，同时上调了对本季度的预期。他指出，该股承压的原因有多种，包括该公司即将收购Transplace freight logistics带来的风险、与该公司持有的滴滴股份相关的疲软、软银已出售部分Uber股份的报道以及对延长的担忧等待时间和乘车价格高。但他补充说，尽管存在所有这些担忧，随着移动业务的改善和投资者情绪的恢复，Uber的预期应该会上升。</blockquote></p><p> Uber stock is up 0.1% Monday to $43.49, while Lyft stock is up 1.2%, to $56.</p><p><blockquote>Uber股价周一上涨0.1%，至43.49美元，Lyft股价上涨1.2%，至56美元。</blockquote></p><p></p>","source":"lsy1601382232898","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>Lyft and Uber Report Earnings This Week. 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Here’s What to Expect.<blockquote>Lyft和优步本周公布财报。这是可以期待的。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-08-03 09:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The recovery in the ride-sharing business is picking up steam. Whether it will be enough to re-energize investors about Uber Technologies and Lyft, we’ll find out this week.</p><p><blockquote>拼车业务的复苏正在加速。这是否足以重新激发投资者对优步科技和Lyft的兴趣，我们将在本周揭晓。</blockquote></p><p> Lyft (ticker: LYFT) reports June-quarter earnings on Tuesday after the close of trading, with Uber (UBER) following 24 hours later. In both cases, results should show a huge rebound from the year ago quarter, when demand collapsed amid the nearly complete shutdown of consumer and business travel. Talk about your easy comparisons: In the June 2020 quarter,Uber’s revenue fell 33%, while Lyft’s top line&nbsp;dropped 61%, with Uber’s smaller decline reflecting growth in its food-delivery arm.</p><p><blockquote>Lyft（股票代码：Lyft）将于周二收盘后公布6月份季度收益，优步（UBER）将在24小时后公布。在这两种情况下，结果都应该显示出与去年同期相比的巨大反弹，当时由于消费者和商务旅行几乎完全关闭，需求崩溃。谈谈你的简单比较：在2020年6月的季度，Uber的收入下降了33%，而Lyft的营收下降了61%，Uber的降幅较小反映了其食品配送部门的增长。</blockquote></p><p> For the June 2021 quarter, Street estimates call for Uber to post revenue of $3.74 billion, up 67% from a year ago, with Lyft expected to jump 105%, to $696 million. For Uber, Street consensus calls for Rides revenue of $1.7 billion, up 118%, with Eats also projected to be $1.7 billion, up 44%. Neither is expected to be profitable in the quarter: projections call for per-share losses of 51 cents for Uber and 24 cents for Lyft.</p><p><blockquote>Street预计，2021年6月季度，Uber的看涨期权收入将达到37.4亿美元，同比增长67%，Lyft预计将增长105%，达到6.96亿美元。对于Uber来说，街头共识乘车收入评级为17亿美元，增长118%，Eats预计也为17亿美元，增长44%。预计这两家公司本季度都不会盈利：看涨期权预计Uber每股亏损51美分，Lyft每股亏损24美分。</blockquote></p><p> For the year to date through Friday, Lyft stock has risen 13%, while Uber stock has slipped 15%, as investors looking for a reopening bet leaned toward the purer play on a domestic pick up in ride-sharing, rather than the more-diversified bet in Uber. Also weighing on Uber shares: the company’s substantial stake in the China-based ride-sharing company DiDi (DIDI), which has tumbled since its recent initial public offering, after&nbsp;receiving intense scrutinyfrom Chinese regulators.</p><p><blockquote>截至周五的今年以来，Lyft股价已上涨13%，而优步股价则下跌15%，因为寻求重新开放押注的投资者倾向于更纯粹地关注国内拼车业务的复苏，而不是更多。-对优步的多元化押注。同样令优步股价承压的还有：该公司持有的中国拼车公司滴滴出行（DIDI）的大量股份，在受到中国监管机构的严格审查后，该公司自最近首次公开募股以来股价大幅下跌。</blockquote></p><p> On Monday, with earnings just ahead, Gordon Haskett analyst Robert Mollins picked up coverage of both stocks, starting Uber with a Buy rating and $65 target price—which would be a potential return of about 50%—while launching coverage of Lyft with a Hold rating and $59 target price.</p><p><blockquote>周一，随着财报即将公布，Gordon Haskett分析师Robert Mollins对这两只股票进行了评级，对Uber给予买入评级和65美元的目标价（潜在回报率约为50%），同时对Lyft给予持有评级评级和59美元的目标价。</blockquote></p><p> “We view Uber as a company that continues to further ingrain itself in the everyday lives of consumers, which will lead to share gains across both rides and delivery and in turn upward top- and bottom-line revision over the coming years,” Mollins writes in his research note. “In the near-term, Uber offers investors exposure to reopening (rides) and defense against a prolonged Covid backdrop (delivery). Furthermore, we see Uber as well positioned to capitalize on a structural shift toward convenience with its restaurant and grocery delivery offerings. We also believe Uber Freight is an underappreciated business that will become a leader in the freight brokerage industry.”</p><p><blockquote>莫林斯写道：“我们认为优步是一家继续在消费者日常生活中根深蒂固的公司，这将导致乘车和送货的份额增长，进而在未来几年上调营收和利润。”在他的研究报告中。“短期内，Uber为投资者提供了重新开放（乘车）和抵御长期新冠疫情背景（送货）的机会。此外，我们认为Uber也有能力利用其餐厅和杂货送货服务向便利性的结构性转变。我们还相信Uber货运是一项未被充分重视的业务，将成为货运经纪行业的领导者。”</blockquote></p><p> Mollins finds Lyft shares less appealing. While he notes that bears on the stock have been wrong in their view that Lyft can’t effectively compete against Uber, he thinks Lyft’s singular focus on the U.S. ride-sharing market is a disadvantage. He thinks Uber’s “super app” approach will result in market-share gains at Lyft’s expense.</p><p><blockquote>莫林斯发现Lyft股票的吸引力较小。虽然他指出，看空该股的人认为Lyft无法有效与Uber竞争的观点是错误的，但他认为Lyft对美国拼车市场的单一关注是一个劣势。他认为优步的“超级应用”方法将以牺牲Lyft的利益为代价获得市场份额。</blockquote></p><p> As for the June quarter, analysts are generally upbeat about the pending results. Wedbush analyst Dan Ives, who has Outperform ratings on both Uber and Lyft, thinks the reports should provide evidence that the two companies are making progress on their push to reach break-even as measured by earnings before interest, taxes, depreciation and amortization, or Ebitda.</p><p><blockquote>至于六月季度，分析师普遍对即将公布的业绩持乐观态度。Wedbush分析师Dan Ives对Uber和Lyft都给予了跑赢大盘的评级，他认为这些报告应该提供证据，证明这两家公司在努力实现以息税折旧摊销前利润衡量的盈亏平衡方面正在取得进展，或Ebitda。</blockquote></p><p> As noted, the easy comparisons should result in huge growth. “We expect to get good news around underlying ride-sharing demand metrics and profitability outlook despite the delta variant, and expect to see a healthier equilibrium going forward,” Ives writes in a research note. “We view Uber and Lyft as strong names to play the reopening theme.”</p><p><blockquote>如前所述，简单的比较应该会带来巨大的增长。Ives在一份研究报告中写道：“尽管处于德尔塔变异毒株，但我们预计将获得有关基本拼车需求指标和盈利前景的好消息，并预计未来将出现更健康的平衡。”“我们认为优步和Lyft是播放重新开放主题的强有力的名字。”</blockquote></p><p> On Monday, BofA Global Securities analyst Justin Post reiterated his Buy rating and $71 target price on on Uber shares, while lifting his estimates for the quarter. He notes that there are multiple reasons the stock has come under pressure, including perceived risk from the company’s pending&nbsp;Transplace freight logistics acquisition, weakness tied to the company’s DiDi stake, reports that SoftBank has sold a portion of its Uber stake, and concerns about extended wait times and high prices for rides. But he adds that despite all of those concerns, Uber should see estimates ratchet higher as the mobility business improvement and investor sentiment recovers.</p><p><blockquote>周一，美国银行全球证券分析师贾斯汀·波斯特重申了对Uber股票的买入评级和71美元的目标价，同时上调了对本季度的预期。他指出，该股承压的原因有多种，包括该公司即将收购Transplace freight logistics带来的风险、与该公司持有的滴滴股份相关的疲软、软银已出售部分Uber股份的报道以及对延长的担忧等待时间和乘车价格高。但他补充说，尽管存在所有这些担忧，随着移动业务的改善和投资者情绪的恢复，Uber的预期应该会上升。</blockquote></p><p> Uber stock is up 0.1% Monday to $43.49, while Lyft stock is up 1.2%, to $56.</p><p><blockquote>Uber股价周一上涨0.1%，至43.49美元，Lyft股价上涨1.2%，至56美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/lyft-uber-report-earnings-what-to-expect-51627921408?mod=hp_LEADSUPP_1\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","LYFT":"Lyft, Inc."},"source_url":"https://www.barrons.com/articles/lyft-uber-report-earnings-what-to-expect-51627921408?mod=hp_LEADSUPP_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189156110","content_text":"The recovery in the ride-sharing business is picking up steam. Whether it will be enough to re-energize investors about Uber Technologies and Lyft, we’ll find out this week.\nLyft (ticker: LYFT) reports June-quarter earnings on Tuesday after the close of trading, with Uber (UBER) following 24 hours later. In both cases, results should show a huge rebound from the year ago quarter, when demand collapsed amid the nearly complete shutdown of consumer and business travel. Talk about your easy comparisons: In the June 2020 quarter,Uber’s revenue fell 33%, while Lyft’s top line dropped 61%, with Uber’s smaller decline reflecting growth in its food-delivery arm.\nFor the June 2021 quarter, Street estimates call for Uber to post revenue of $3.74 billion, up 67% from a year ago, with Lyft expected to jump 105%, to $696 million. For Uber, Street consensus calls for Rides revenue of $1.7 billion, up 118%, with Eats also projected to be $1.7 billion, up 44%. Neither is expected to be profitable in the quarter: projections call for per-share losses of 51 cents for Uber and 24 cents for Lyft.\nFor the year to date through Friday, Lyft stock has risen 13%, while Uber stock has slipped 15%, as investors looking for a reopening bet leaned toward the purer play on a domestic pick up in ride-sharing, rather than the more-diversified bet in Uber. Also weighing on Uber shares: the company’s substantial stake in the China-based ride-sharing company DiDi (DIDI), which has tumbled since its recent initial public offering, after receiving intense scrutinyfrom Chinese regulators.\nOn Monday, with earnings just ahead, Gordon Haskett analyst Robert Mollins picked up coverage of both stocks, starting Uber with a Buy rating and $65 target price—which would be a potential return of about 50%—while launching coverage of Lyft with a Hold rating and $59 target price.\n“We view Uber as a company that continues to further ingrain itself in the everyday lives of consumers, which will lead to share gains across both rides and delivery and in turn upward top- and bottom-line revision over the coming years,” Mollins writes in his research note. “In the near-term, Uber offers investors exposure to reopening (rides) and defense against a prolonged Covid backdrop (delivery). Furthermore, we see Uber as well positioned to capitalize on a structural shift toward convenience with its restaurant and grocery delivery offerings. We also believe Uber Freight is an underappreciated business that will become a leader in the freight brokerage industry.”\nMollins finds Lyft shares less appealing. While he notes that bears on the stock have been wrong in their view that Lyft can’t effectively compete against Uber, he thinks Lyft’s singular focus on the U.S. ride-sharing market is a disadvantage. He thinks Uber’s “super app” approach will result in market-share gains at Lyft’s expense.\nAs for the June quarter, analysts are generally upbeat about the pending results. Wedbush analyst Dan Ives, who has Outperform ratings on both Uber and Lyft, thinks the reports should provide evidence that the two companies are making progress on their push to reach break-even as measured by earnings before interest, taxes, depreciation and amortization, or Ebitda.\nAs noted, the easy comparisons should result in huge growth. “We expect to get good news around underlying ride-sharing demand metrics and profitability outlook despite the delta variant, and expect to see a healthier equilibrium going forward,” Ives writes in a research note. “We view Uber and Lyft as strong names to play the reopening theme.”\nOn Monday, BofA Global Securities analyst Justin Post reiterated his Buy rating and $71 target price on on Uber shares, while lifting his estimates for the quarter. He notes that there are multiple reasons the stock has come under pressure, including perceived risk from the company’s pending Transplace freight logistics acquisition, weakness tied to the company’s DiDi stake, reports that SoftBank has sold a portion of its Uber stake, and concerns about extended wait times and high prices for rides. But he adds that despite all of those concerns, Uber should see estimates ratchet higher as the mobility business improvement and investor sentiment recovers.\nUber stock is up 0.1% Monday to $43.49, while Lyft stock is up 1.2%, to $56.","news_type":1,"symbols_score_info":{"UBER":0.9,"LYFT":0.9}},"isVote":1,"tweetType":1,"viewCount":3861,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":119748234,"gmtCreate":1622570565428,"gmtModify":1631888720232,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/119748234","repostId":"2139589924","repostType":4,"isVote":1,"tweetType":1,"viewCount":1583,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130822112,"gmtCreate":1621524967636,"gmtModify":1631888720245,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/130822112","repostId":"1181082003","repostType":4,"repost":{"id":"1181082003","kind":"news","pubTimestamp":1621520324,"share":"https://www.laohu8.com/m/news/1181082003?lang=zh_CN&edition=full","pubTime":"2021-05-20 22:18","market":"us","language":"en","title":"The Stock Market Looks Shaky. These Are the Stocks to Own.<blockquote>股市看起来摇摇欲坠。这些是值得拥有的股票。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181082003","media":"Barrons","summary":"An unusual pattern is emerging in stocks, and it isn’t encouraging. While the market has moved up, g","content":"<p>An unusual pattern is emerging in stocks, and it isn’t encouraging. While the market has moved up, growth stocks have fallen or failed to keep up.</p><p><blockquote>股市正在出现一种不寻常的模式，但这并不令人鼓舞。当市场上涨时，成长股下跌或未能跟上。</blockquote></p><p> That doesn’t happen in the early stages of a bull market, when high-growth stocks lead the way. It is more characteristic of the fading phase as leadership shifts from speculative growth to value stocks and safer blue chips. Indeed, the rotation out of growth lately has some uncomfortable parallels to market peaks in 1929, 1972, and 2000, all of which preceded brutal bear markets.</p><p><blockquote>在牛市的早期阶段，当高增长股票领先时，这种情况不会发生。随着领导层从投机性增长转向价值股和更安全的蓝筹股，这更具衰退阶段的特征。事实上，最近的增长周期与1929年、1972年和2000年的市场峰值有一些令人不安的相似之处，所有这些都发生在残酷的熊市之前。</blockquote></p><p> “It could be the sign that the market is going to turn lower in a broad fashion,” says Ben Inker, head of asset allocation at GMO, a value manager with more than $60 billion under management.</p><p><blockquote>管理着超过600亿美元资产的价值管理公司GMO资产配置主管Ben Inker表示：“这可能是市场将普遍走低的迹象。”</blockquote></p><p> Granted, for all the negatives hitting stocks—led by fear of inflation and tighter monetary policy—there are some positives. Corporate profits are coming in ahead of Wall Street forecasts as the economy gains momentum, expanding at its fastest pace in decades. As the pandemic winds down and hiring picks up, profit estimates may even increase.</p><p><blockquote>诚然，尽管对通胀和货币政策收紧的担忧导致股市面临所有负面影响，但也有一些积极因素。随着经济势头增强，以几十年来最快的速度扩张，企业利润超出了华尔街的预期。随着疫情的结束和招聘的增加，利润预期甚至可能会增加。</blockquote></p><p> But plenty of market signals are flashing red. Cryptocurrencies, special-purpose acquisition companies, and tech stocks are ailing. Equity issuance has soared to its highest levels since the dot-com bubble. Investors have flooded into option bets on individual stocks. And the meme-stock frenzy earlier this spring was a warning that excess liquidity is sloshing around. That money may be starting to drain out faster than it rushed in.</p><p><blockquote>但大量市场信号正在闪烁红灯。加密货币、特殊目的收购公司和科技股表现不佳。股票发行量飙升至互联网泡沫以来的最高水平。投资者纷纷涌入个股期权押注。今年春天早些时候的模因股票狂热警告说，过剩的流动性正在四处流动。这些钱开始流出的速度可能比流入的速度还要快。</blockquote></p><p> With valuations looking steep, investors may have to temper their expectations for equity returns. Inker, for one, expects 3% returns, adjusted for inflation, in blue chips like&nbsp;Microsoft(ticker: MSFT),Johnson &amp; Johnson(JNJ), and&nbsp;Apple(AAPL). That would be below the historic 6% real return in stocks. But it beats the yields in investment-grade bonds, and it may be all investors can reasonably expect at this juncture.</p><p><blockquote>由于估值看起来很高，投资者可能不得不降低对股票回报的预期。例如，Inker预计微软（股票代码：MSFT）、强生公司（JNJ）和苹果公司（AAPL）等蓝筹股的回报率为3%，经通胀调整后。这将低于历史上6%的股票实际回报率。但它超过了投资级债券的收益率，这可能是投资者目前可以合理预期的所有收益率。</blockquote></p><p> Another place to look is the value universe. While nothing is cheap on an absolute basis, Inker says value still looks more attractive than growth. Value normally trades at 50% of the valuation of growth, but it is now at 33%, up from 28% last fall.&nbsp;To go from the current valuation back to normal, Inker says, would imply value “winning” by 64% relative to growth.</p><p><blockquote>另一个值得关注的地方是价值宇宙。Inker表示，虽然绝对没有什么是便宜的，但价值看起来仍然比增长更具吸引力。价值通常是增长估值的50%，但现在是33%，高于去年秋天的28%。Inker表示，从当前估值恢复正常意味着价值相对于增长“获胜”64%。</blockquote></p><p> “We think value stocks have plenty of room to run relative to the market,” he says.</p><p><blockquote>“我们认为价值股相对于市场有足够的运行空间，”他表示。</blockquote></p><p> Within the value universe, he recommends higher-quality stocks, while avoiding the more indebted, lower-quality companies. The median small-cap value stock now has debt that is six times its earnings before interest, taxes, depreciation, and amortization. “That’s a little scary,” he says. “Some of these companies have an awful lot of debt. It’s low-cost now but it doesn’t give them much margin of safety if the economy turns out not to be strong.”</p><p><blockquote>在价值宇宙中，他推荐质量较高的股票，同时避免负债较多、质量较低的公司。小盘价值股现在的债务中位数是其息税折旧摊销前利润的六倍。“这有点可怕，”他说。“其中一些公司负债累累。现在成本很低，但如果经济不强劲，就不会给他们带来太多安全边际。”</blockquote></p><p> Investors can gain exposure to these themes with exchange-traded funds. Names to consider include the&nbsp;iShares Russell 1000 Value ETF&nbsp;(IWD),Vanguard Small-Cap Value&nbsp;(VBR), and&nbsp;iShares S&amp;P Small-Cap 600 Value(IJS).</p><p><blockquote>投资者可以通过交易所交易基金投资这些主题。值得考虑的名称包括iShares Russell 1000 Value ETF(IWD)、Vanguard Small-Cap Value(VBR)和iShares S&amp;P Small-Cap 600 Value(IJS)。</blockquote></p><p> These ETFs won’t provide shelter in a torrential downpour, but they could leave investors with some dry powder for another day.</p><p><blockquote>这些ETF不会在倾盆大雨中提供庇护，但它们可能会给投资者留下一些干粉，以度过新的一天。</blockquote></p><p></p>","source":"lsy1601382232898","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>The Stock Market Looks Shaky. These Are the Stocks to Own.<blockquote>股市看起来摇摇欲坠。这些是值得拥有的股票。</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\">\nThe Stock Market Looks Shaky. These Are the Stocks to Own.<blockquote>股市看起来摇摇欲坠。这些是值得拥有的股票。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-05-20 22:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>An unusual pattern is emerging in stocks, and it isn’t encouraging. While the market has moved up, growth stocks have fallen or failed to keep up.</p><p><blockquote>股市正在出现一种不寻常的模式，但这并不令人鼓舞。当市场上涨时，成长股下跌或未能跟上。</blockquote></p><p> That doesn’t happen in the early stages of a bull market, when high-growth stocks lead the way. It is more characteristic of the fading phase as leadership shifts from speculative growth to value stocks and safer blue chips. Indeed, the rotation out of growth lately has some uncomfortable parallels to market peaks in 1929, 1972, and 2000, all of which preceded brutal bear markets.</p><p><blockquote>在牛市的早期阶段，当高增长股票领先时，这种情况不会发生。随着领导层从投机性增长转向价值股和更安全的蓝筹股，这更具衰退阶段的特征。事实上，最近的增长周期与1929年、1972年和2000年的市场峰值有一些令人不安的相似之处，所有这些都发生在残酷的熊市之前。</blockquote></p><p> “It could be the sign that the market is going to turn lower in a broad fashion,” says Ben Inker, head of asset allocation at GMO, a value manager with more than $60 billion under management.</p><p><blockquote>管理着超过600亿美元资产的价值管理公司GMO资产配置主管Ben Inker表示：“这可能是市场将普遍走低的迹象。”</blockquote></p><p> Granted, for all the negatives hitting stocks—led by fear of inflation and tighter monetary policy—there are some positives. Corporate profits are coming in ahead of Wall Street forecasts as the economy gains momentum, expanding at its fastest pace in decades. As the pandemic winds down and hiring picks up, profit estimates may even increase.</p><p><blockquote>诚然，尽管对通胀和货币政策收紧的担忧导致股市面临所有负面影响，但也有一些积极因素。随着经济势头增强，以几十年来最快的速度扩张，企业利润超出了华尔街的预期。随着疫情的结束和招聘的增加，利润预期甚至可能会增加。</blockquote></p><p> But plenty of market signals are flashing red. Cryptocurrencies, special-purpose acquisition companies, and tech stocks are ailing. Equity issuance has soared to its highest levels since the dot-com bubble. Investors have flooded into option bets on individual stocks. And the meme-stock frenzy earlier this spring was a warning that excess liquidity is sloshing around. That money may be starting to drain out faster than it rushed in.</p><p><blockquote>但大量市场信号正在闪烁红灯。加密货币、特殊目的收购公司和科技股表现不佳。股票发行量飙升至互联网泡沫以来的最高水平。投资者纷纷涌入个股期权押注。今年春天早些时候的模因股票狂热警告说，过剩的流动性正在四处流动。这些钱开始流出的速度可能比流入的速度还要快。</blockquote></p><p> With valuations looking steep, investors may have to temper their expectations for equity returns. Inker, for one, expects 3% returns, adjusted for inflation, in blue chips like&nbsp;Microsoft(ticker: MSFT),Johnson &amp; Johnson(JNJ), and&nbsp;Apple(AAPL). That would be below the historic 6% real return in stocks. But it beats the yields in investment-grade bonds, and it may be all investors can reasonably expect at this juncture.</p><p><blockquote>由于估值看起来很高，投资者可能不得不降低对股票回报的预期。例如，Inker预计微软（股票代码：MSFT）、强生公司（JNJ）和苹果公司（AAPL）等蓝筹股的回报率为3%，经通胀调整后。这将低于历史上6%的股票实际回报率。但它超过了投资级债券的收益率，这可能是投资者目前可以合理预期的所有收益率。</blockquote></p><p> Another place to look is the value universe. While nothing is cheap on an absolute basis, Inker says value still looks more attractive than growth. Value normally trades at 50% of the valuation of growth, but it is now at 33%, up from 28% last fall.&nbsp;To go from the current valuation back to normal, Inker says, would imply value “winning” by 64% relative to growth.</p><p><blockquote>另一个值得关注的地方是价值宇宙。Inker表示，虽然绝对没有什么是便宜的，但价值看起来仍然比增长更具吸引力。价值通常是增长估值的50%，但现在是33%，高于去年秋天的28%。Inker表示，从当前估值恢复正常意味着价值相对于增长“获胜”64%。</blockquote></p><p> “We think value stocks have plenty of room to run relative to the market,” he says.</p><p><blockquote>“我们认为价值股相对于市场有足够的运行空间，”他表示。</blockquote></p><p> Within the value universe, he recommends higher-quality stocks, while avoiding the more indebted, lower-quality companies. The median small-cap value stock now has debt that is six times its earnings before interest, taxes, depreciation, and amortization. “That’s a little scary,” he says. “Some of these companies have an awful lot of debt. It’s low-cost now but it doesn’t give them much margin of safety if the economy turns out not to be strong.”</p><p><blockquote>在价值宇宙中，他推荐质量较高的股票，同时避免负债较多、质量较低的公司。小盘价值股现在的债务中位数是其息税折旧摊销前利润的六倍。“这有点可怕，”他说。“其中一些公司负债累累。现在成本很低，但如果经济不强劲，就不会给他们带来太多安全边际。”</blockquote></p><p> Investors can gain exposure to these themes with exchange-traded funds. Names to consider include the&nbsp;iShares Russell 1000 Value ETF&nbsp;(IWD),Vanguard Small-Cap Value&nbsp;(VBR), and&nbsp;iShares S&amp;P Small-Cap 600 Value(IJS).</p><p><blockquote>投资者可以通过交易所交易基金投资这些主题。值得考虑的名称包括iShares Russell 1000 Value ETF(IWD)、Vanguard Small-Cap Value(VBR)和iShares S&amp;P Small-Cap 600 Value(IJS)。</blockquote></p><p> These ETFs won’t provide shelter in a torrential downpour, but they could leave investors with some dry powder for another day.</p><p><blockquote>这些ETF不会在倾盆大雨中提供庇护，但它们可能会给投资者留下一些干粉，以度过新的一天。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stock-market-value-bargains-51621453639?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/stock-market-value-bargains-51621453639?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181082003","content_text":"An unusual pattern is emerging in stocks, and it isn’t encouraging. While the market has moved up, growth stocks have fallen or failed to keep up.\nThat doesn’t happen in the early stages of a bull market, when high-growth stocks lead the way. It is more characteristic of the fading phase as leadership shifts from speculative growth to value stocks and safer blue chips. Indeed, the rotation out of growth lately has some uncomfortable parallels to market peaks in 1929, 1972, and 2000, all of which preceded brutal bear markets.\n“It could be the sign that the market is going to turn lower in a broad fashion,” says Ben Inker, head of asset allocation at GMO, a value manager with more than $60 billion under management.\nGranted, for all the negatives hitting stocks—led by fear of inflation and tighter monetary policy—there are some positives. Corporate profits are coming in ahead of Wall Street forecasts as the economy gains momentum, expanding at its fastest pace in decades. As the pandemic winds down and hiring picks up, profit estimates may even increase.\nBut plenty of market signals are flashing red. Cryptocurrencies, special-purpose acquisition companies, and tech stocks are ailing. Equity issuance has soared to its highest levels since the dot-com bubble. Investors have flooded into option bets on individual stocks. And the meme-stock frenzy earlier this spring was a warning that excess liquidity is sloshing around. That money may be starting to drain out faster than it rushed in.\nWith valuations looking steep, investors may have to temper their expectations for equity returns. Inker, for one, expects 3% returns, adjusted for inflation, in blue chips like Microsoft(ticker: MSFT),Johnson & Johnson(JNJ), and Apple(AAPL). That would be below the historic 6% real return in stocks. But it beats the yields in investment-grade bonds, and it may be all investors can reasonably expect at this juncture.\nAnother place to look is the value universe. While nothing is cheap on an absolute basis, Inker says value still looks more attractive than growth. Value normally trades at 50% of the valuation of growth, but it is now at 33%, up from 28% last fall. To go from the current valuation back to normal, Inker says, would imply value “winning” by 64% relative to growth.\n“We think value stocks have plenty of room to run relative to the market,” he says.\nWithin the value universe, he recommends higher-quality stocks, while avoiding the more indebted, lower-quality companies. The median small-cap value stock now has debt that is six times its earnings before interest, taxes, depreciation, and amortization. “That’s a little scary,” he says. “Some of these companies have an awful lot of debt. It’s low-cost now but it doesn’t give them much margin of safety if the economy turns out not to be strong.”\nInvestors can gain exposure to these themes with exchange-traded funds. Names to consider include the iShares Russell 1000 Value ETF (IWD),Vanguard Small-Cap Value (VBR), and iShares S&P Small-Cap 600 Value(IJS).\nThese ETFs won’t provide shelter in a torrential downpour, but they could leave investors with some dry powder for another day.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106508544,"gmtCreate":1620130321988,"gmtModify":1631888720262,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Bravo","listText":"Bravo","text":"Bravo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/106508544","repostId":"1170569977","repostType":4,"isVote":1,"tweetType":1,"viewCount":1341,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106033201,"gmtCreate":1620064610103,"gmtModify":1631888720266,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/106033201","repostId":"2132594900","repostType":4,"isVote":1,"tweetType":1,"viewCount":1334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374587422,"gmtCreate":1619457292066,"gmtModify":1631888720301,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Insightful!","listText":"Insightful!","text":"Insightful!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/374587422","repostId":"1176959555","repostType":4,"repost":{"id":"1176959555","kind":"news","pubTimestamp":1619444660,"share":"https://www.laohu8.com/m/news/1176959555?lang=zh_CN&edition=full","pubTime":"2021-04-26 21:44","market":"us","language":"en","title":"The 10 basic rules that made Warren Buffett $100 billion<blockquote>让沃伦·巴菲特赚到1000亿美元的10条基本规则</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1176959555","media":"Yahoo","summary":"Warren Buffett's fortune recently surpassed $100 billion, as shares of his company Berkshire Hathawa","content":"<p>Warren Buffett&#x27;s fortune recently surpassed $100 billion, as shares of his company Berkshire Hathaway hit an all-time high.</p><p><blockquote>沃伦·巴菲特的财富最近超过了1000亿美元，他的公司伯克希尔·哈撒韦公司的股价创下了历史新高。</blockquote></p><p>It&#x27;s an incredibly rare achievement — and yet the &quot;Oracle of Omaha&quot; is actually a pretty simple guy. He still lives in his hometown. He eats fast food and guzzles soda &quot;like a 6-year-old.&quot; And his strategies for smart investing aren&#x27;t too complicated.</p><p><blockquote>这是一个非常罕见的成就——然而“奥马哈先知”实际上是一个非常简单的人。他仍然住在他的家乡。他“像一个6岁的孩子一样”吃快餐和狂饮汽水。他的明智投资策略并不太复杂。</blockquote></p><p>If it&#x27;s so easy, why aren&#x27;t more people as rich as Buffett? Because his approach takes the kind of discipline and patience that many people either don&#x27;t have or are unwilling to develop.</p><p><blockquote>如果这么容易，为什么没有更多的人像巴菲特一样富有？因为他的方法需要很多人要么没有，要么不愿意培养的那种纪律和耐心。</blockquote></p><p>Take a look at 10 of his money-making rules and see whether you can be just a little bit more like Buffett.</p><p><blockquote>看看他的10条赚钱法则，看看你是否能更像巴菲特一点。</blockquote></p><p><img src=\"https://static.tigerbbs.com/7170795bae7bf6adf6fd60aecb1d0122\" tg-width=\"959\" tg-height=\"426\" referrerPolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p>1. It all starts with good communication</p><p><blockquote>1.一切都始于良好的沟通</blockquote></p><p>Buffett&#x27;s first key to prosperity has little to do with picking stocks. He says you need to become a strong communicator: Wield words as your most important tools.</p><p><blockquote>巴菲特通往繁荣的第一把钥匙与选股关系不大。他说你需要成为一个强有力的沟通者：把语言作为你最重要的工具。</blockquote></p><p>&quot;Without good communication skills, you won’t be able to convince people to follow you even though you see over the mountain and they don&#x27;t,&quot; Buffett once told a Stanford MBA student.</p><p><blockquote>巴菲特曾对斯坦福大学的一名MBA学生说：“如果没有良好的沟通技巧，你就无法说服人们追随你，即使你看到了山那边，但他们没有。”</blockquote></p><p>While this may seem like sage advice for financial planners, it&#x27;s good for helping anyone develop leadership skills and the ability to think in stressful situations.</p><p><blockquote>虽然这对财务规划师来说似乎是明智的建议，但它有利于帮助任何人培养领导技能和在压力情况下思考的能力。</blockquote></p><p>2. Look forward, not to the past</p><p><blockquote>2.向前看，而不是过去</blockquote></p><p>Buffett famously stated in the 1950s that &quot;the investor of today does not profit from yesterday&#x27;s growth.&quot; This maxim still holds true today.</p><p><blockquote>巴菲特在20世纪50年代有一句名言：“今天的投资者不会从昨天的增长中获利。”这句格言今天仍然适用。</blockquote></p><p>According to Buffett, following past trends is much less important than identifying new opportunities. When deciding whether to invest in a company, focus on what&#x27;s in its future, not its history.</p><p><blockquote>巴菲特认为，跟随过去的趋势远没有发现新的机会重要。在决定是否投资一家公司时，关注它的未来，而不是它的历史。</blockquote></p><p>Don&#x27;t stay stuck in the past when it comes to your mortgage either. If you&#x27;ve had your home loan for more than a year, you&#x27;re probably overdue on a refinance to take advantage oftoday&#x27;s historically low mortgage rates.</p><p><blockquote>当涉及到你的抵押贷款时，也不要停留在过去。如果您的住房贷款已超过一年，您可能会逾期再融资，以利用当今历史上较低的抵押贷款利率。</blockquote></p><p>3. When investing, innovate — don&#x27;t follow</p><p><blockquote>3.投资时，要创新——不要跟随</blockquote></p><p>Adopting a herd mentality is a surefire way to get middling results, Buffett believes. &quot;You need to divorce your mind from the crowd,&quot; he has said.</p><p><blockquote>巴菲特认为，采取从众心理肯定会获得中等结果。“你需要把你的思想从人群中分离出来，”他说。</blockquote></p><p>It&#x27;s tough, but you have to break out from the pack by developing your own investing strategy based on your knowledge and experience. &quot;To be a successful investor you must divorce yourself from the fears and greed of the people around you, although it is almost impossible,&quot; Buffett says.</p><p><blockquote>这很艰难，但你必须根据自己的知识和经验制定自己的投资策略，从而脱颖而出。“要成为一名成功的投资者，你必须摆脱周围人的恐惧和贪婪，尽管这几乎是不可能的，”巴菲特说。</blockquote></p><p>At the same time, be open to good advice. Financial planning services — which todayare affordable and available online— can help guide you toward your dream retirement.</p><p><blockquote>同时，对好的建议持开放态度。财务规划服务——如今价格实惠且可在网上获得——可以帮助引导您实现梦想中的退休生活。</blockquote></p><p>4. Live frugally</p><p><blockquote>4.节俭生活</blockquote></p><p>Buffett famously lives well below his means. He has been known to drive an older, modest car. He still resides in the house he bought in Omaha, Nebraska, for $31,500 in 1958, and he picks up breakfast at a McDonald&#x27;s drive-thru almost every day.</p><p><blockquote>众所周知，巴菲特的生活远远低于他的收入。众所周知，他开的是一辆又旧又普通的汽车。他仍然住在1958年花31,500美元在内布拉斯加州奥马哈买的房子里，几乎每天都在麦当劳得来速餐厅吃早餐。</blockquote></p><p>5. Always be willing to learn new things</p><p><blockquote>5.总是乐于学习新事物</blockquote></p><p>Buffett likes to say that knowledge accumulates just like interest in the bank. He starts each day with a newspaper, and he reads books on various topics every day.</p><p><blockquote>巴菲特喜欢说，知识的积累就像对银行的兴趣一样。他每天从一份报纸开始，他每天阅读各种主题的书籍。</blockquote></p><p>Consuming information will not only influence your investing, but it also will prepare you for success in all areas of life. Soak up what others can tell you about new technologies and new strategies.</p><p><blockquote>消费信息不仅会影响你的投资，还会为你在生活的各个领域取得成功做好准备。吸收别人能告诉你的关于新技术和新策略的东西。</blockquote></p><p>Those who avoid learning new things risk becoming obsolete. Be like Buffett, and you&#x27;ll never grow too old to learn a new trick.</p><p><blockquote>那些避免学习新事物的人有被淘汰的风险。像巴菲特一样，你永远不会老到学不到新把戏。</blockquote></p><p>6. Know when to fold &#x27;em</p><p><blockquote>6.知道何时折叠</blockquote></p><p>Don&#x27;t get the wrong idea — Buffett does sell stocks when he has to. When the pandemic hit, Berkshire Hathaway sold the entirety of its equity position in the U.S. airline industry.</p><p><blockquote>不要误解——巴菲特确实会在必要时出售股票。当疫情爆发时，伯克希尔哈撒韦公司出售了其在美国航空业的全部股权。</blockquote></p><p>The trick for long-term investing success is knowing when to walk away. Buffett learned these lessons as a young man betting on horse races. He tried to make up for losses by increasing his bets, and he lost more money.</p><p><blockquote>长期投资成功的诀窍是知道何时离开。巴菲特在年轻时赌赛马时学到了这些教训。他试图通过增加赌注来弥补损失，结果他输了更多的钱。</blockquote></p><p>Recognize when a stock is a genuine loser, so you can walk away and minimize your losses. If you use an app that allows you toinvest your spare change, your portfolio will be adjusted automatically to protect you when a stock is in trouble.</p><p><blockquote>认识到一只股票何时是真正的输家，这样你就可以走开并将损失降至最低。如果您使用允许您投资多余零钱的应用程序，您的投资组合将自动调整，以在股票陷入困境时保护您。</blockquote></p><p>7. Think loooooooong term</p><p><blockquote>7.从长远来看</blockquote></p><p>&quot;Buy and hold&quot; is a common, long-term investment strategy that calls for sticking with a stock even when it&#x27;s having a bad day — or month.</p><p><blockquote>“买入并持有”是一种常见的长期投资策略，评级认为即使股票表现不佳，也要坚持持有股票。</blockquote></p><p>Buffett&#x27;s approach might be called &quot;buy and hold and hold.&quot; As he likes to tell his Berkshire Hathaway shareholders, &quot;Our favorite holding period is forever.&quot;</p><p><blockquote>巴菲特的方法可以被称为“买入并持有”。正如他喜欢告诉伯克希尔哈撒韦股东的那样，“我们最喜欢的持有期是永远。”</blockquote></p><p>He doesn&#x27;t mind when a stock takes an occasional tumble, because those are good opportunities to buy more shares at a discount.</p><p><blockquote>他并不介意股票偶尔下跌，因为这些都是以折扣价购买更多股票的好机会。</blockquote></p><p>8. Never invest borrowed money</p><p><blockquote>8.切勿投资借来的钱</blockquote></p><p></p><p>When investing, use your own money. Buffett says it&#x27;s &quot;crazy&quot; to borrow. &quot;It&#x27;s insane to risk what you have and need for something you don&#x27;t really need,&quot; he told CNBC.</p><p><blockquote>投资的时候，用自己的钱。巴菲特说借贷是“疯狂的”。他告诉CNBC：“拿你所拥有和需要的东西冒险去买你并不真正需要的东西是疯狂的。”</blockquote></p><p>If you borrow to invest, your strategies will be too closely tied to your need to repay the money. Some investments require long-term planning and holding out for growth, which is difficult with a debt hanging over your head.</p><p><blockquote>如果你借钱投资，你的策略将与你还款的需要过于紧密地联系在一起。有些投资需要长期规划和坚持增长，这在债务悬在头上的情况下是很困难的。</blockquote></p><p>Doug WhitemanMon, April 26, 2021, 2:00 AM<span>·6 min read</span>The 10 basic rules that made Warren Buffett $100 billion</p><p><blockquote>道格·怀特曼2021年4月26日星期一凌晨2:00<span>·6分钟读数</span>让沃伦·巴菲特赚到1000亿美元的10条基本规则</blockquote></p><p>Warren Buffett&#x27;s fortune recently surpassed $100 billion, as shares of his company Berkshire Hathaway hit an all-time high.</p><p><blockquote>沃伦·巴菲特的财富最近超过了1000亿美元，他的公司伯克希尔·哈撒韦公司的股价创下了历史新高。</blockquote></p><p>It&#x27;s an incredibly rare achievement — and yet the &quot;Oracle of Omaha&quot; is actually a pretty simple guy. He still lives in his hometown. He eats fast food and guzzles soda &quot;like a 6-year-old.&quot; And his strategies for smart investing aren&#x27;t too complicated.</p><p><blockquote>这是一个非常罕见的成就——然而“奥马哈先知”实际上是一个非常简单的人。他仍然住在他的家乡。他“像一个6岁的孩子一样”吃快餐和狂饮汽水。他的明智投资策略并不太复杂。</blockquote></p><p>If it&#x27;s so easy, why aren&#x27;t more people as rich as Buffett? Because his approach takes the kind of discipline and patience that many people either don&#x27;t have or are unwilling to develop.</p><p><blockquote>如果这么容易，为什么没有更多的人像巴菲特一样富有？因为他的方法需要很多人要么没有，要么不愿意培养的那种纪律和耐心。</blockquote></p><p>Take a look at 10 of his money-making rules and see whether you can be just a little bit more like Buffett.</p><p><blockquote>看看他的10条赚钱法则，看看你是否能更像巴菲特一点。</blockquote></p><p>1. It all starts with good communication<span data-src=\"https://s.yimg.com/ny/api/res/1.2/uRshPZB155tDIZjlUXI4TQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQwMDtjZj13ZWJw/https://s.yimg.com/uu/api/res/1.2/dWO12XpIJ5O63exAuCTJgA--~B/aD01MDA7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/moneywise_327/ffc38207cfc053443e9573b9e27c69b4\"><<<图片加载中。。。>>></span>Becoming Warren Buffett / HBO</p><p><blockquote>1.一切都始于良好的沟通<span data-src=\"https://s.yimg.com/ny/api/res/1.2/uRshPZB155tDIZjlUXI4TQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQwMDtjZj13ZWJw/https://s.yimg.com/uu/api/res/1.2/dWO12XpIJ5O63exAuCTJgA--~B/aD01MDA7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/moneywise_327/ffc38207cfc053443e9573b9e27c69b4\">&lt;&lt;&lt;图片加载中。。。&gt;&gt;&gt;</span>成为沃伦·巴菲特/HBO</blockquote></p><p>Buffett says you need to develop good communication skills if you want to lead.</p><p><blockquote>巴菲特说，如果你想领导，你需要培养良好的沟通技巧。</blockquote></p><p>Buffett&#x27;s first key to prosperity has little to do with picking stocks. He says you need to become a strong communicator: Wield words as your most important tools.</p><p><blockquote>巴菲特通往繁荣的第一把钥匙与选股关系不大。他说你需要成为一个强有力的沟通者：把语言作为你最重要的工具。</blockquote></p><p>&quot;Without good communication skills, you won’t be able to convince people to follow you even though you see over the mountain and they don&#x27;t,&quot; Buffett once told a Stanford MBA student.</p><p><blockquote>巴菲特曾对斯坦福大学的一名MBA学生说：“如果没有良好的沟通技巧，你就无法说服人们追随你，即使你看到了山那边，但他们没有。”</blockquote></p><p>While this may seem like sage advice for financial planners, it&#x27;s good for helping anyone develop leadership skills and the ability to think in stressful situations.</p><p><blockquote>虽然这对财务规划师来说似乎是明智的建议，但它有利于帮助任何人培养领导技能和在压力情况下思考的能力。</blockquote></p><p>2. Look forward, not to the past</p><p><blockquote>2.向前看，而不是过去</blockquote></p><p>Buffett famously stated in the 1950s that &quot;the investor of today does not profit from yesterday&#x27;s growth.&quot; This maxim still holds true today.</p><p><blockquote>巴菲特在20世纪50年代有一句名言：“今天的投资者不会从昨天的增长中获利。”这句格言今天仍然适用。</blockquote></p><p>According to Buffett, following past trends is much less important than identifying new opportunities. When deciding whether to invest in a company, focus on what&#x27;s in its future, not its history.</p><p><blockquote>巴菲特认为，跟随过去的趋势远没有发现新的机会重要。在决定是否投资一家公司时，关注它的未来，而不是它的历史。</blockquote></p><p>Don&#x27;t stay stuck in the past when it comes to your mortgage either. If you&#x27;ve had your home loan for more than a year, you&#x27;re probably overdue on a refinance to take advantage oftoday&#x27;s historically low mortgage rates.</p><p><blockquote>当涉及到你的抵押贷款时，也不要停留在过去。如果您的住房贷款已超过一年，您可能会逾期再融资，以利用当今历史上较低的抵押贷款利率。</blockquote></p><p>3. When investing, innovate — don&#x27;t follow<span data-src=\"https://s.yimg.com/ny/api/res/1.2/UOI38H8ptEjnxlbJieZC7Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQwMDtjZj13ZWJw/https://s.yimg.com/uu/api/res/1.2/cGXsoalKIXTT6w5hdOFzCQ--~B/aD01MDA7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/moneywise_327/6862636f789bacfd899eb109dd9d8997\"><<<图片加载中。。。>>></span>Marjolijne / Shutterstock</p><p><blockquote>3.投资时，要创新——不要跟随<span data-src=\"https://s.yimg.com/ny/api/res/1.2/UOI38H8ptEjnxlbJieZC7Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQwMDtjZj13ZWJw/https://s.yimg.com/uu/api/res/1.2/cGXsoalKIXTT6w5hdOFzCQ--~B/aD01MDA7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/moneywise_327/6862636f789bacfd899eb109dd9d8997\">&lt;&lt;&lt;图片加载中。。。&gt;&gt;&gt;</span>Marjolijne/Shutterstock</blockquote></p><p>Warren Buffett was never one to follow the herd.</p><p><blockquote>沃伦·巴菲特从来都不是一个随大流的人。</blockquote></p><p>Adopting a herd mentality is a surefire way to get middling results, Buffett believes. &quot;You need to divorce your mind from the crowd,&quot; he has said.</p><p><blockquote>巴菲特认为，采取从众心理肯定会获得中等结果。“你需要把你的思想从人群中分离出来，”他说。</blockquote></p><p>It&#x27;s tough, but you have to break out from the pack by developing your own investing strategy based on your knowledge and experience. &quot;To be a successful investor you must divorce yourself from the fears and greed of the people around you, although it is almost impossible,&quot; Buffett says.</p><p><blockquote>这很艰难，但你必须根据自己的知识和经验制定自己的投资策略，从而脱颖而出。“要成为一名成功的投资者，你必须摆脱周围人的恐惧和贪婪，尽管这几乎是不可能的，”巴菲特说。</blockquote></p><p>At the same time, be open to good advice. Financial planning services — which todayare affordable and available online— can help guide you toward your dream retirement.</p><p><blockquote>同时，对好的建议持开放态度。财务规划服务——如今价格实惠且可在网上获得——可以帮助引导您实现梦想中的退休生活。</blockquote></p><p>4. Live frugally</p><p><blockquote>4.节俭生活</blockquote></p><p>Buffett famously lives well below his means. He has been known to drive an older, modest car. He still resides in the house he bought in Omaha, Nebraska, for $31,500 in 1958, and he picks up breakfast at a McDonald&#x27;s drive-thru almost every day.</p><p><blockquote>众所周知，巴菲特的生活远远低于他的收入。众所周知，他开的是一辆又旧又普通的汽车。他仍然住在1958年花31,500美元在内布拉斯加州奥马哈买的房子里，几乎每天都在麦当劳得来速餐厅吃早餐。</blockquote></p><p>You can follow his example by looking for new ways to stretch your dollars. For example:</p><p><blockquote>你可以以他为榜样，寻找新的方法来增加你的资金。例如：</blockquote></p><p><ul><li>When shopping for life insurance,choose an inexpensive term life policy.</p><p><blockquote><ul><li>购买人寿保险时，选择便宜的定期寿险保单。</li></ul></blockquote></p><p></li><li>Use a free browser extensionthat will search for lower prices when you shop online.</p><p><blockquote><li>当你在网上购物时，使用一个免费的浏览器扩展来搜索更低的价格。</li></blockquote></p><p></li><li>Download an app that willgive you cash backfor taking photos of your receipts.</p><p><blockquote><li>下载一个应用程序，它会给你现金返还，因为你拍了收据的照片。</li></blockquote></p><p></p><p></li></ul>5. Always be willing to learn new things<span data-src=\"https://s.yimg.com/ny/api/res/1.2/XD6zelv2eAEM6e3EJJAY9g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQwMDtjZj13ZWJw/https://s.yimg.com/uu/api/res/1.2/2spZzG489lrwB7qyF2YeXQ--~B/aD01MDA7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/moneywise_327/d72a7c6ebd482efdef2a25ed24c9b4a2\"><<<图片加载中。。。>>></span>Becoming Warren Buffett / HBO</p><p><blockquote>5.总是乐于学习新事物<span data-src=\"https://s.yimg.com/ny/api/res/1.2/XD6zelv2eAEM6e3EJJAY9g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQwMDtjZj13ZWJw/https://s.yimg.com/uu/api/res/1.2/2spZzG489lrwB7qyF2YeXQ--~B/aD01MDA7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/moneywise_327/d72a7c6ebd482efdef2a25ed24c9b4a2\">&lt;&lt;&lt;图片加载中。。。&gt;&gt;&gt;</span>成为沃伦·巴菲特/HBO</blockquote></p><p>Warren Buffett begins each day by reading a newspaper.</p><p><blockquote>沃伦·巴菲特每天都从读报开始。</blockquote></p><p>Buffett likes to say that knowledge accumulates just like interest in the bank. He starts each day with a newspaper, and he reads books on various topics every day.</p><p><blockquote>巴菲特喜欢说，知识的积累就像对银行的兴趣一样。他每天从一份报纸开始，他每天阅读各种主题的书籍。</blockquote></p><p>Consuming information will not only influence your investing, but it also will prepare you for success in all areas of life. Soak up what others can tell you about new technologies and new strategies.</p><p><blockquote>消费信息不仅会影响你的投资，还会为你在生活的各个领域取得成功做好准备。吸收别人能告诉你的关于新技术和新策略的东西。</blockquote></p><p>Those who avoid learning new things risk becoming obsolete. Be like Buffett, and you&#x27;ll never grow too old to learn a new trick.</p><p><blockquote>那些避免学习新事物的人有被淘汰的风险。像巴菲特一样，你永远不会老到学不到新把戏。</blockquote></p><p>6. Know when to fold &#x27;em</p><p><blockquote>6.知道何时折叠</blockquote></p><p>Don&#x27;t get the wrong idea — Buffett does sell stocks when he has to. When the pandemic hit, Berkshire Hathaway sold the entirety of its equity position in the U.S. airline industry.</p><p><blockquote>不要误解——巴菲特确实会在必要时出售股票。当疫情爆发时，伯克希尔哈撒韦公司出售了其在美国航空业的全部股权。</blockquote></p><p>The trick for long-term investing success is knowing when to walk away. Buffett learned these lessons as a young man betting on horse races. He tried to make up for losses by increasing his bets, and he lost more money.</p><p><blockquote>长期投资成功的诀窍是知道何时离开。巴菲特在年轻时赌赛马时学到了这些教训。他试图通过增加赌注来弥补损失，结果他输了更多的钱。</blockquote></p><p>Recognize when a stock is a genuine loser, so you can walk away and minimize your losses. If you use an app that allows you toinvest your spare change, your portfolio will be adjusted automatically to protect you when a stock is in trouble.</p><p><blockquote>认识到一只股票何时是真正的输家，这样你就可以走开并将损失降至最低。如果您使用允许您投资多余零钱的应用程序，您的投资组合将自动调整，以在股票陷入困境时保护您。</blockquote></p><p>7. Think loooooooong term<span data-src=\"https://s.yimg.com/ny/api/res/1.2/tkB3q4PKWgd677Jbf8EjLg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQwMDtjZj13ZWJw/https://s.yimg.com/uu/api/res/1.2/HMhux8eZD3A5PJHuymmAYg--~B/aD01MDA7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/moneywise_327/75593ac123e93772e4d4fe517c669b53\"><<<图片加载中。。。>>></span>Bennian / Shutterstock</p><p><blockquote>7.从长远来看<span data-src=\"https://s.yimg.com/ny/api/res/1.2/tkB3q4PKWgd677Jbf8EjLg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQwMDtjZj13ZWJw/https://s.yimg.com/uu/api/res/1.2/HMhux8eZD3A5PJHuymmAYg--~B/aD01MDA7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/moneywise_327/75593ac123e93772e4d4fe517c669b53\">&lt;&lt;&lt;图片加载中。。。&gt;&gt;&gt;</span>本年/Shutterstock</blockquote></p><p>Buffett says invest for the long term and don&#x27;t get caught up in the stock market&#x27;s day-to-day moves.</p><p><blockquote>巴菲特表示，要长期投资，不要被股市的日常走势所困扰。</blockquote></p><p>&quot;Buy and hold&quot; is a common, long-term investment strategy that calls for sticking with a stock even when it&#x27;s having a bad day — or month.</p><p><blockquote>“买入并持有”是一种常见的长期投资策略，评级认为即使股票表现不佳，也要坚持持有股票。</blockquote></p><p>Buffett&#x27;s approach might be called &quot;buy and hold and hold.&quot; As he likes to tell his Berkshire Hathaway shareholders, &quot;Our favorite holding period is forever.&quot;</p><p><blockquote>巴菲特的方法可以被称为“买入并持有”。正如他喜欢告诉伯克希尔哈撒韦股东的那样，“我们最喜欢的持有期是永远。”</blockquote></p><p>He doesn&#x27;t mind when a stock takes an occasional tumble, because those are good opportunities to buy more shares at a discount.</p><p><blockquote>他并不介意股票偶尔下跌，因为这些都是以折扣价购买更多股票的好机会。</blockquote></p><p>8. Never invest borrowed money</p><p><blockquote>8.切勿投资借来的钱</blockquote></p><p>When investing, use your own money. Buffett says it&#x27;s &quot;crazy&quot; to borrow. &quot;It&#x27;s insane to risk what you have and need for something you don&#x27;t really need,&quot; he told CNBC.</p><p><blockquote>投资的时候，用自己的钱。巴菲特说借贷是“疯狂的”。他告诉CNBC：“拿你所拥有和需要的东西冒险去买你并不真正需要的东西是疯狂的。”</blockquote></p><p>If you borrow to invest, your strategies will be too closely tied to your need to repay the money. Some investments require long-term planning and holding out for growth, which is difficult with a debt hanging over your head.</p><p><blockquote>如果你借钱投资，你的策略将与你还款的需要过于紧密地联系在一起。有些投资需要长期规划和坚持增长，这在债务悬在头上的情况下是很困难的。</blockquote></p><p>You don&#x27;t need much money to invest if youuse a popular stock trading appthat will allow you to buy fractions of shares for as little as $1 or charges you lower-to-no commission on trades.</p><p><blockquote>如果你使用一个流行的股票交易应用程序，你不需要太多的钱来投资，它可以让你以低至1美元的价格购买部分股票，或者向你收取很低甚至不收取交易佣金。</blockquote></p><p>9. Dividends are key to long-term growth</p><p><blockquote>9.股息是长期增长的关键</blockquote></p><p>Warren Buffett loves stocks that pay dividends. His company, Berkshire Hathaway, gets hundreds of millions of dollars each year from Coca-Cola in the form of dividends.</p><p><blockquote>沃伦·巴菲特喜欢支付股息的股票。他的公司伯克希尔哈撒韦公司每年以股息的形式从可口可乐获得数亿美元。</blockquote></p><p>Dividends come from reliable companies that consistently meet or exceed their goals. Their stocks may not make you a lot of money quickly, but their dividends can put your investing on autopilot.</p><p><blockquote>股息来自持续达到或超过目标的可靠公司。他们的股票可能不会很快让你赚很多钱，但他们的股息可以让你的投资自动驾驶。</blockquote></p><p>Other high-dividend-paying companies include Caterpillar, AT&amp;T, Verizon and the investment firm BlackRock Capital — though, ironically, not Berkshire Hathaway.</p><p><blockquote>其他高股息支付公司包括卡特彼勒、AT&amp;T、Verizon和投资公司贝莱德资本——但具有讽刺意味的是，不包括伯克希尔哈撒韦公司。</blockquote></p><p>10. Remember, anything is possible</p><p><blockquote>10.记住，一切皆有可能</blockquote></p><p>Buffett is known to plaster his walls with what he calls &quot;instructional art.&quot; This includes newspaper front pages with screaming headlines about stock market crashes.</p><p><blockquote>众所周知，巴菲特用他评级的“教学艺术”来粉刷自己的墙壁。这包括报纸头版关于股市崩盘的头条新闻。</blockquote></p><p>They remind him that, in investing and in life, you need to be ready because anything can happen. If you keep this in mind, then you&#x27;ll proceed with caution and make informed decisions about your investments.</p><p><blockquote>他们提醒他，在投资和生活中，你需要做好准备，因为任何事情都可能发生。如果你记住这一点，那么你就会谨慎行事，并对你的投资做出明智的决定。</blockquote></p><p>You&#x27;ll avoid taking ondebt you can&#x27;t handle, won&#x27;t live an unsustainably lavish lifestyle, and will be able to withstand market fluctuations — just like Warren Buffett.</p><p><blockquote>你将避免背负无法承受的债务，不会过上不可持续的奢侈生活方式，并且能够承受市场波动——就像沃伦·巴菲特一样。</blockquote></p><p></p>","source":"lsy1584348713084","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>The 10 basic rules that made Warren Buffett $100 billion<blockquote>让沃伦·巴菲特赚到1000亿美元的10条基本规则</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\">\nThe 10 basic rules that made Warren Buffett $100 billion<blockquote>让沃伦·巴菲特赚到1000亿美元的10条基本规则</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Yahoo</strong><span class=\"h-time small\">2021-04-26 21:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Warren Buffett&#x27;s fortune recently surpassed $100 billion, as shares of his company Berkshire Hathaway hit an all-time high.</p><p><blockquote>沃伦·巴菲特的财富最近超过了1000亿美元，他的公司伯克希尔·哈撒韦公司的股价创下了历史新高。</blockquote></p><p>It&#x27;s an incredibly rare achievement — and yet the &quot;Oracle of Omaha&quot; is actually a pretty simple guy. He still lives in his hometown. He eats fast food and guzzles soda &quot;like a 6-year-old.&quot; And his strategies for smart investing aren&#x27;t too complicated.</p><p><blockquote>这是一个非常罕见的成就——然而“奥马哈先知”实际上是一个非常简单的人。他仍然住在他的家乡。他“像一个6岁的孩子一样”吃快餐和狂饮汽水。他的明智投资策略并不太复杂。</blockquote></p><p>If it&#x27;s so easy, why aren&#x27;t more people as rich as Buffett? Because his approach takes the kind of discipline and patience that many people either don&#x27;t have or are unwilling to develop.</p><p><blockquote>如果这么容易，为什么没有更多的人像巴菲特一样富有？因为他的方法需要很多人要么没有，要么不愿意培养的那种纪律和耐心。</blockquote></p><p>Take a look at 10 of his money-making rules and see whether you can be just a little bit more like Buffett.</p><p><blockquote>看看他的10条赚钱法则，看看你是否能更像巴菲特一点。</blockquote></p><p><img src=\"https://static.tigerbbs.com/7170795bae7bf6adf6fd60aecb1d0122\" tg-width=\"959\" tg-height=\"426\" referrerPolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p>1. It all starts with good communication</p><p><blockquote>1.一切都始于良好的沟通</blockquote></p><p>Buffett&#x27;s first key to prosperity has little to do with picking stocks. He says you need to become a strong communicator: Wield words as your most important tools.</p><p><blockquote>巴菲特通往繁荣的第一把钥匙与选股关系不大。他说你需要成为一个强有力的沟通者：把语言作为你最重要的工具。</blockquote></p><p>&quot;Without good communication skills, you won’t be able to convince people to follow you even though you see over the mountain and they don&#x27;t,&quot; Buffett once told a Stanford MBA student.</p><p><blockquote>巴菲特曾对斯坦福大学的一名MBA学生说：“如果没有良好的沟通技巧，你就无法说服人们追随你，即使你看到了山那边，但他们没有。”</blockquote></p><p>While this may seem like sage advice for financial planners, it&#x27;s good for helping anyone develop leadership skills and the ability to think in stressful situations.</p><p><blockquote>虽然这对财务规划师来说似乎是明智的建议，但它有利于帮助任何人培养领导技能和在压力情况下思考的能力。</blockquote></p><p>2. Look forward, not to the past</p><p><blockquote>2.向前看，而不是过去</blockquote></p><p>Buffett famously stated in the 1950s that &quot;the investor of today does not profit from yesterday&#x27;s growth.&quot; This maxim still holds true today.</p><p><blockquote>巴菲特在20世纪50年代有一句名言：“今天的投资者不会从昨天的增长中获利。”这句格言今天仍然适用。</blockquote></p><p>According to Buffett, following past trends is much less important than identifying new opportunities. When deciding whether to invest in a company, focus on what&#x27;s in its future, not its history.</p><p><blockquote>巴菲特认为，跟随过去的趋势远没有发现新的机会重要。在决定是否投资一家公司时，关注它的未来，而不是它的历史。</blockquote></p><p>Don&#x27;t stay stuck in the past when it comes to your mortgage either. If you&#x27;ve had your home loan for more than a year, you&#x27;re probably overdue on a refinance to take advantage oftoday&#x27;s historically low mortgage rates.</p><p><blockquote>当涉及到你的抵押贷款时，也不要停留在过去。如果您的住房贷款已超过一年，您可能会逾期再融资，以利用当今历史上较低的抵押贷款利率。</blockquote></p><p>3. When investing, innovate — don&#x27;t follow</p><p><blockquote>3.投资时，要创新——不要跟随</blockquote></p><p>Adopting a herd mentality is a surefire way to get middling results, Buffett believes. &quot;You need to divorce your mind from the crowd,&quot; he has said.</p><p><blockquote>巴菲特认为，采取从众心理肯定会获得中等结果。“你需要把你的思想从人群中分离出来，”他说。</blockquote></p><p>It&#x27;s tough, but you have to break out from the pack by developing your own investing strategy based on your knowledge and experience. &quot;To be a successful investor you must divorce yourself from the fears and greed of the people around you, although it is almost impossible,&quot; Buffett says.</p><p><blockquote>这很艰难，但你必须根据自己的知识和经验制定自己的投资策略，从而脱颖而出。“要成为一名成功的投资者，你必须摆脱周围人的恐惧和贪婪，尽管这几乎是不可能的，”巴菲特说。</blockquote></p><p>At the same time, be open to good advice. Financial planning services — which todayare affordable and available online— can help guide you toward your dream retirement.</p><p><blockquote>同时，对好的建议持开放态度。财务规划服务——如今价格实惠且可在网上获得——可以帮助引导您实现梦想中的退休生活。</blockquote></p><p>4. Live frugally</p><p><blockquote>4.节俭生活</blockquote></p><p>Buffett famously lives well below his means. He has been known to drive an older, modest car. He still resides in the house he bought in Omaha, Nebraska, for $31,500 in 1958, and he picks up breakfast at a McDonald&#x27;s drive-thru almost every day.</p><p><blockquote>众所周知，巴菲特的生活远远低于他的收入。众所周知，他开的是一辆又旧又普通的汽车。他仍然住在1958年花31,500美元在内布拉斯加州奥马哈买的房子里，几乎每天都在麦当劳得来速餐厅吃早餐。</blockquote></p><p>5. Always be willing to learn new things</p><p><blockquote>5.总是乐于学习新事物</blockquote></p><p>Buffett likes to say that knowledge accumulates just like interest in the bank. He starts each day with a newspaper, and he reads books on various topics every day.</p><p><blockquote>巴菲特喜欢说，知识的积累就像对银行的兴趣一样。他每天从一份报纸开始，他每天阅读各种主题的书籍。</blockquote></p><p>Consuming information will not only influence your investing, but it also will prepare you for success in all areas of life. Soak up what others can tell you about new technologies and new strategies.</p><p><blockquote>消费信息不仅会影响你的投资，还会为你在生活的各个领域取得成功做好准备。吸收别人能告诉你的关于新技术和新策略的东西。</blockquote></p><p>Those who avoid learning new things risk becoming obsolete. Be like Buffett, and you&#x27;ll never grow too old to learn a new trick.</p><p><blockquote>那些避免学习新事物的人有被淘汰的风险。像巴菲特一样，你永远不会老到学不到新把戏。</blockquote></p><p>6. Know when to fold &#x27;em</p><p><blockquote>6.知道何时折叠</blockquote></p><p>Don&#x27;t get the wrong idea — Buffett does sell stocks when he has to. When the pandemic hit, Berkshire Hathaway sold the entirety of its equity position in the U.S. airline industry.</p><p><blockquote>不要误解——巴菲特确实会在必要时出售股票。当疫情爆发时，伯克希尔哈撒韦公司出售了其在美国航空业的全部股权。</blockquote></p><p>The trick for long-term investing success is knowing when to walk away. Buffett learned these lessons as a young man betting on horse races. He tried to make up for losses by increasing his bets, and he lost more money.</p><p><blockquote>长期投资成功的诀窍是知道何时离开。巴菲特在年轻时赌赛马时学到了这些教训。他试图通过增加赌注来弥补损失，结果他输了更多的钱。</blockquote></p><p>Recognize when a stock is a genuine loser, so you can walk away and minimize your losses. If you use an app that allows you toinvest your spare change, your portfolio will be adjusted automatically to protect you when a stock is in trouble.</p><p><blockquote>认识到一只股票何时是真正的输家，这样你就可以走开并将损失降至最低。如果您使用允许您投资多余零钱的应用程序，您的投资组合将自动调整，以在股票陷入困境时保护您。</blockquote></p><p>7. Think loooooooong term</p><p><blockquote>7.从长远来看</blockquote></p><p>&quot;Buy and hold&quot; is a common, long-term investment strategy that calls for sticking with a stock even when it&#x27;s having a bad day — or month.</p><p><blockquote>“买入并持有”是一种常见的长期投资策略，评级认为即使股票表现不佳，也要坚持持有股票。</blockquote></p><p>Buffett&#x27;s approach might be called &quot;buy and hold and hold.&quot; As he likes to tell his Berkshire Hathaway shareholders, &quot;Our favorite holding period is forever.&quot;</p><p><blockquote>巴菲特的方法可以被称为“买入并持有”。正如他喜欢告诉伯克希尔哈撒韦股东的那样，“我们最喜欢的持有期是永远。”</blockquote></p><p>He doesn&#x27;t mind when a stock takes an occasional tumble, because those are good opportunities to buy more shares at a discount.</p><p><blockquote>他并不介意股票偶尔下跌，因为这些都是以折扣价购买更多股票的好机会。</blockquote></p><p>8. Never invest borrowed money</p><p><blockquote>8.切勿投资借来的钱</blockquote></p><p></p><p>When investing, use your own money. Buffett says it&#x27;s &quot;crazy&quot; to borrow. &quot;It&#x27;s insane to risk what you have and need for something you don&#x27;t really need,&quot; he told CNBC.</p><p><blockquote>投资的时候，用自己的钱。巴菲特说借贷是“疯狂的”。他告诉CNBC：“拿你所拥有和需要的东西冒险去买你并不真正需要的东西是疯狂的。”</blockquote></p><p>If you borrow to invest, your strategies will be too closely tied to your need to repay the money. Some investments require long-term planning and holding out for growth, which is difficult with a debt hanging over your head.</p><p><blockquote>如果你借钱投资，你的策略将与你还款的需要过于紧密地联系在一起。有些投资需要长期规划和坚持增长，这在债务悬在头上的情况下是很困难的。</blockquote></p><p>Doug WhitemanMon, April 26, 2021, 2:00 AM<span>·6 min read</span>The 10 basic rules that made Warren Buffett $100 billion</p><p><blockquote>道格·怀特曼2021年4月26日星期一凌晨2:00<span>·6分钟读数</span>让沃伦·巴菲特赚到1000亿美元的10条基本规则</blockquote></p><p>Warren Buffett&#x27;s fortune recently surpassed $100 billion, as shares of his company Berkshire Hathaway hit an all-time high.</p><p><blockquote>沃伦·巴菲特的财富最近超过了1000亿美元，他的公司伯克希尔·哈撒韦公司的股价创下了历史新高。</blockquote></p><p>It&#x27;s an incredibly rare achievement — and yet the &quot;Oracle of Omaha&quot; is actually a pretty simple guy. He still lives in his hometown. He eats fast food and guzzles soda &quot;like a 6-year-old.&quot; And his strategies for smart investing aren&#x27;t too complicated.</p><p><blockquote>这是一个非常罕见的成就——然而“奥马哈先知”实际上是一个非常简单的人。他仍然住在他的家乡。他“像一个6岁的孩子一样”吃快餐和狂饮汽水。他的明智投资策略并不太复杂。</blockquote></p><p>If it&#x27;s so easy, why aren&#x27;t more people as rich as Buffett? Because his approach takes the kind of discipline and patience that many people either don&#x27;t have or are unwilling to develop.</p><p><blockquote>如果这么容易，为什么没有更多的人像巴菲特一样富有？因为他的方法需要很多人要么没有，要么不愿意培养的那种纪律和耐心。</blockquote></p><p>Take a look at 10 of his money-making rules and see whether you can be just a little bit more like Buffett.</p><p><blockquote>看看他的10条赚钱法则，看看你是否能更像巴菲特一点。</blockquote></p><p>1. It all starts with good communication<span data-src=\"https://s.yimg.com/ny/api/res/1.2/uRshPZB155tDIZjlUXI4TQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQwMDtjZj13ZWJw/https://s.yimg.com/uu/api/res/1.2/dWO12XpIJ5O63exAuCTJgA--~B/aD01MDA7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/moneywise_327/ffc38207cfc053443e9573b9e27c69b4\"><<<图片加载中。。。>>></span>Becoming Warren Buffett / HBO</p><p><blockquote>1.一切都始于良好的沟通<span data-src=\"https://s.yimg.com/ny/api/res/1.2/uRshPZB155tDIZjlUXI4TQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQwMDtjZj13ZWJw/https://s.yimg.com/uu/api/res/1.2/dWO12XpIJ5O63exAuCTJgA--~B/aD01MDA7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/moneywise_327/ffc38207cfc053443e9573b9e27c69b4\">&lt;&lt;&lt;图片加载中。。。&gt;&gt;&gt;</span>成为沃伦·巴菲特/HBO</blockquote></p><p>Buffett says you need to develop good communication skills if you want to lead.</p><p><blockquote>巴菲特说，如果你想领导，你需要培养良好的沟通技巧。</blockquote></p><p>Buffett&#x27;s first key to prosperity has little to do with picking stocks. He says you need to become a strong communicator: Wield words as your most important tools.</p><p><blockquote>巴菲特通往繁荣的第一把钥匙与选股关系不大。他说你需要成为一个强有力的沟通者：把语言作为你最重要的工具。</blockquote></p><p>&quot;Without good communication skills, you won’t be able to convince people to follow you even though you see over the mountain and they don&#x27;t,&quot; Buffett once told a Stanford MBA student.</p><p><blockquote>巴菲特曾对斯坦福大学的一名MBA学生说：“如果没有良好的沟通技巧，你就无法说服人们追随你，即使你看到了山那边，但他们没有。”</blockquote></p><p>While this may seem like sage advice for financial planners, it&#x27;s good for helping anyone develop leadership skills and the ability to think in stressful situations.</p><p><blockquote>虽然这对财务规划师来说似乎是明智的建议，但它有利于帮助任何人培养领导技能和在压力情况下思考的能力。</blockquote></p><p>2. Look forward, not to the past</p><p><blockquote>2.向前看，而不是过去</blockquote></p><p>Buffett famously stated in the 1950s that &quot;the investor of today does not profit from yesterday&#x27;s growth.&quot; This maxim still holds true today.</p><p><blockquote>巴菲特在20世纪50年代有一句名言：“今天的投资者不会从昨天的增长中获利。”这句格言今天仍然适用。</blockquote></p><p>According to Buffett, following past trends is much less important than identifying new opportunities. When deciding whether to invest in a company, focus on what&#x27;s in its future, not its history.</p><p><blockquote>巴菲特认为，跟随过去的趋势远没有发现新的机会重要。在决定是否投资一家公司时，关注它的未来，而不是它的历史。</blockquote></p><p>Don&#x27;t stay stuck in the past when it comes to your mortgage either. If you&#x27;ve had your home loan for more than a year, you&#x27;re probably overdue on a refinance to take advantage oftoday&#x27;s historically low mortgage rates.</p><p><blockquote>当涉及到你的抵押贷款时，也不要停留在过去。如果您的住房贷款已超过一年，您可能会逾期再融资，以利用当今历史上较低的抵押贷款利率。</blockquote></p><p>3. When investing, innovate — don&#x27;t follow<span data-src=\"https://s.yimg.com/ny/api/res/1.2/UOI38H8ptEjnxlbJieZC7Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQwMDtjZj13ZWJw/https://s.yimg.com/uu/api/res/1.2/cGXsoalKIXTT6w5hdOFzCQ--~B/aD01MDA7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/moneywise_327/6862636f789bacfd899eb109dd9d8997\"><<<图片加载中。。。>>></span>Marjolijne / Shutterstock</p><p><blockquote>3.投资时，要创新——不要跟随<span data-src=\"https://s.yimg.com/ny/api/res/1.2/UOI38H8ptEjnxlbJieZC7Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQwMDtjZj13ZWJw/https://s.yimg.com/uu/api/res/1.2/cGXsoalKIXTT6w5hdOFzCQ--~B/aD01MDA7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/moneywise_327/6862636f789bacfd899eb109dd9d8997\">&lt;&lt;&lt;图片加载中。。。&gt;&gt;&gt;</span>Marjolijne/Shutterstock</blockquote></p><p>Warren Buffett was never one to follow the herd.</p><p><blockquote>沃伦·巴菲特从来都不是一个随大流的人。</blockquote></p><p>Adopting a herd mentality is a surefire way to get middling results, Buffett believes. &quot;You need to divorce your mind from the crowd,&quot; he has said.</p><p><blockquote>巴菲特认为，采取从众心理肯定会获得中等结果。“你需要把你的思想从人群中分离出来，”他说。</blockquote></p><p>It&#x27;s tough, but you have to break out from the pack by developing your own investing strategy based on your knowledge and experience. &quot;To be a successful investor you must divorce yourself from the fears and greed of the people around you, although it is almost impossible,&quot; Buffett says.</p><p><blockquote>这很艰难，但你必须根据自己的知识和经验制定自己的投资策略，从而脱颖而出。“要成为一名成功的投资者，你必须摆脱周围人的恐惧和贪婪，尽管这几乎是不可能的，”巴菲特说。</blockquote></p><p>At the same time, be open to good advice. Financial planning services — which todayare affordable and available online— can help guide you toward your dream retirement.</p><p><blockquote>同时，对好的建议持开放态度。财务规划服务——如今价格实惠且可在网上获得——可以帮助引导您实现梦想中的退休生活。</blockquote></p><p>4. Live frugally</p><p><blockquote>4.节俭生活</blockquote></p><p>Buffett famously lives well below his means. He has been known to drive an older, modest car. He still resides in the house he bought in Omaha, Nebraska, for $31,500 in 1958, and he picks up breakfast at a McDonald&#x27;s drive-thru almost every day.</p><p><blockquote>众所周知，巴菲特的生活远远低于他的收入。众所周知，他开的是一辆又旧又普通的汽车。他仍然住在1958年花31,500美元在内布拉斯加州奥马哈买的房子里，几乎每天都在麦当劳得来速餐厅吃早餐。</blockquote></p><p>You can follow his example by looking for new ways to stretch your dollars. For example:</p><p><blockquote>你可以以他为榜样，寻找新的方法来增加你的资金。例如：</blockquote></p><p><ul><li>When shopping for life insurance,choose an inexpensive term life policy.</p><p><blockquote><ul><li>购买人寿保险时，选择便宜的定期寿险保单。</li></ul></blockquote></p><p></li><li>Use a free browser extensionthat will search for lower prices when you shop online.</p><p><blockquote><li>当你在网上购物时，使用一个免费的浏览器扩展来搜索更低的价格。</li></blockquote></p><p></li><li>Download an app that willgive you cash backfor taking photos of your receipts.</p><p><blockquote><li>下载一个应用程序，它会给你现金返还，因为你拍了收据的照片。</li></blockquote></p><p></p><p></li></ul>5. Always be willing to learn new things<span data-src=\"https://s.yimg.com/ny/api/res/1.2/XD6zelv2eAEM6e3EJJAY9g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQwMDtjZj13ZWJw/https://s.yimg.com/uu/api/res/1.2/2spZzG489lrwB7qyF2YeXQ--~B/aD01MDA7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/moneywise_327/d72a7c6ebd482efdef2a25ed24c9b4a2\"><<<图片加载中。。。>>></span>Becoming Warren Buffett / HBO</p><p><blockquote>5.总是乐于学习新事物<span data-src=\"https://s.yimg.com/ny/api/res/1.2/XD6zelv2eAEM6e3EJJAY9g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQwMDtjZj13ZWJw/https://s.yimg.com/uu/api/res/1.2/2spZzG489lrwB7qyF2YeXQ--~B/aD01MDA7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/moneywise_327/d72a7c6ebd482efdef2a25ed24c9b4a2\">&lt;&lt;&lt;图片加载中。。。&gt;&gt;&gt;</span>成为沃伦·巴菲特/HBO</blockquote></p><p>Warren Buffett begins each day by reading a newspaper.</p><p><blockquote>沃伦·巴菲特每天都从读报开始。</blockquote></p><p>Buffett likes to say that knowledge accumulates just like interest in the bank. He starts each day with a newspaper, and he reads books on various topics every day.</p><p><blockquote>巴菲特喜欢说，知识的积累就像对银行的兴趣一样。他每天从一份报纸开始，他每天阅读各种主题的书籍。</blockquote></p><p>Consuming information will not only influence your investing, but it also will prepare you for success in all areas of life. Soak up what others can tell you about new technologies and new strategies.</p><p><blockquote>消费信息不仅会影响你的投资，还会为你在生活的各个领域取得成功做好准备。吸收别人能告诉你的关于新技术和新策略的东西。</blockquote></p><p>Those who avoid learning new things risk becoming obsolete. Be like Buffett, and you&#x27;ll never grow too old to learn a new trick.</p><p><blockquote>那些避免学习新事物的人有被淘汰的风险。像巴菲特一样，你永远不会老到学不到新把戏。</blockquote></p><p>6. Know when to fold &#x27;em</p><p><blockquote>6.知道何时折叠</blockquote></p><p>Don&#x27;t get the wrong idea — Buffett does sell stocks when he has to. When the pandemic hit, Berkshire Hathaway sold the entirety of its equity position in the U.S. airline industry.</p><p><blockquote>不要误解——巴菲特确实会在必要时出售股票。当疫情爆发时，伯克希尔哈撒韦公司出售了其在美国航空业的全部股权。</blockquote></p><p>The trick for long-term investing success is knowing when to walk away. Buffett learned these lessons as a young man betting on horse races. He tried to make up for losses by increasing his bets, and he lost more money.</p><p><blockquote>长期投资成功的诀窍是知道何时离开。巴菲特在年轻时赌赛马时学到了这些教训。他试图通过增加赌注来弥补损失，结果他输了更多的钱。</blockquote></p><p>Recognize when a stock is a genuine loser, so you can walk away and minimize your losses. If you use an app that allows you toinvest your spare change, your portfolio will be adjusted automatically to protect you when a stock is in trouble.</p><p><blockquote>认识到一只股票何时是真正的输家，这样你就可以走开并将损失降至最低。如果您使用允许您投资多余零钱的应用程序，您的投资组合将自动调整，以在股票陷入困境时保护您。</blockquote></p><p>7. Think loooooooong term<span data-src=\"https://s.yimg.com/ny/api/res/1.2/tkB3q4PKWgd677Jbf8EjLg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQwMDtjZj13ZWJw/https://s.yimg.com/uu/api/res/1.2/HMhux8eZD3A5PJHuymmAYg--~B/aD01MDA7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/moneywise_327/75593ac123e93772e4d4fe517c669b53\"><<<图片加载中。。。>>></span>Bennian / Shutterstock</p><p><blockquote>7.从长远来看<span data-src=\"https://s.yimg.com/ny/api/res/1.2/tkB3q4PKWgd677Jbf8EjLg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQwMDtjZj13ZWJw/https://s.yimg.com/uu/api/res/1.2/HMhux8eZD3A5PJHuymmAYg--~B/aD01MDA7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/moneywise_327/75593ac123e93772e4d4fe517c669b53\">&lt;&lt;&lt;图片加载中。。。&gt;&gt;&gt;</span>本年/Shutterstock</blockquote></p><p>Buffett says invest for the long term and don&#x27;t get caught up in the stock market&#x27;s day-to-day moves.</p><p><blockquote>巴菲特表示，要长期投资，不要被股市的日常走势所困扰。</blockquote></p><p>&quot;Buy and hold&quot; is a common, long-term investment strategy that calls for sticking with a stock even when it&#x27;s having a bad day — or month.</p><p><blockquote>“买入并持有”是一种常见的长期投资策略，评级认为即使股票表现不佳，也要坚持持有股票。</blockquote></p><p>Buffett&#x27;s approach might be called &quot;buy and hold and hold.&quot; As he likes to tell his Berkshire Hathaway shareholders, &quot;Our favorite holding period is forever.&quot;</p><p><blockquote>巴菲特的方法可以被称为“买入并持有”。正如他喜欢告诉伯克希尔哈撒韦股东的那样，“我们最喜欢的持有期是永远。”</blockquote></p><p>He doesn&#x27;t mind when a stock takes an occasional tumble, because those are good opportunities to buy more shares at a discount.</p><p><blockquote>他并不介意股票偶尔下跌，因为这些都是以折扣价购买更多股票的好机会。</blockquote></p><p>8. Never invest borrowed money</p><p><blockquote>8.切勿投资借来的钱</blockquote></p><p>When investing, use your own money. Buffett says it&#x27;s &quot;crazy&quot; to borrow. &quot;It&#x27;s insane to risk what you have and need for something you don&#x27;t really need,&quot; he told CNBC.</p><p><blockquote>投资的时候，用自己的钱。巴菲特说借贷是“疯狂的”。他告诉CNBC：“拿你所拥有和需要的东西冒险去买你并不真正需要的东西是疯狂的。”</blockquote></p><p>If you borrow to invest, your strategies will be too closely tied to your need to repay the money. Some investments require long-term planning and holding out for growth, which is difficult with a debt hanging over your head.</p><p><blockquote>如果你借钱投资，你的策略将与你还款的需要过于紧密地联系在一起。有些投资需要长期规划和坚持增长，这在债务悬在头上的情况下是很困难的。</blockquote></p><p>You don&#x27;t need much money to invest if youuse a popular stock trading appthat will allow you to buy fractions of shares for as little as $1 or charges you lower-to-no commission on trades.</p><p><blockquote>如果你使用一个流行的股票交易应用程序，你不需要太多的钱来投资，它可以让你以低至1美元的价格购买部分股票，或者向你收取很低甚至不收取交易佣金。</blockquote></p><p>9. Dividends are key to long-term growth</p><p><blockquote>9.股息是长期增长的关键</blockquote></p><p>Warren Buffett loves stocks that pay dividends. His company, Berkshire Hathaway, gets hundreds of millions of dollars each year from Coca-Cola in the form of dividends.</p><p><blockquote>沃伦·巴菲特喜欢支付股息的股票。他的公司伯克希尔哈撒韦公司每年以股息的形式从可口可乐获得数亿美元。</blockquote></p><p>Dividends come from reliable companies that consistently meet or exceed their goals. Their stocks may not make you a lot of money quickly, but their dividends can put your investing on autopilot.</p><p><blockquote>股息来自持续达到或超过目标的可靠公司。他们的股票可能不会很快让你赚很多钱，但他们的股息可以让你的投资自动驾驶。</blockquote></p><p>Other high-dividend-paying companies include Caterpillar, AT&amp;T, Verizon and the investment firm BlackRock Capital — though, ironically, not Berkshire Hathaway.</p><p><blockquote>其他高股息支付公司包括卡特彼勒、AT&amp;T、Verizon和投资公司贝莱德资本——但具有讽刺意味的是，不包括伯克希尔哈撒韦公司。</blockquote></p><p>10. Remember, anything is possible</p><p><blockquote>10.记住，一切皆有可能</blockquote></p><p>Buffett is known to plaster his walls with what he calls &quot;instructional art.&quot; This includes newspaper front pages with screaming headlines about stock market crashes.</p><p><blockquote>众所周知，巴菲特用他评级的“教学艺术”来粉刷自己的墙壁。这包括报纸头版关于股市崩盘的头条新闻。</blockquote></p><p>They remind him that, in investing and in life, you need to be ready because anything can happen. If you keep this in mind, then you&#x27;ll proceed with caution and make informed decisions about your investments.</p><p><blockquote>他们提醒他，在投资和生活中，你需要做好准备，因为任何事情都可能发生。如果你记住这一点，那么你就会谨慎行事，并对你的投资做出明智的决定。</blockquote></p><p>You&#x27;ll avoid taking ondebt you can&#x27;t handle, won&#x27;t live an unsustainably lavish lifestyle, and will be able to withstand market fluctuations — just like Warren Buffett.</p><p><blockquote>你将避免背负无法承受的债务，不会过上不可持续的奢侈生活方式，并且能够承受市场波动——就像沃伦·巴菲特一样。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/warren-buffetts-net-worth-hit-011700408.html\">Yahoo</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"https://finance.yahoo.com/news/warren-buffetts-net-worth-hit-011700408.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176959555","content_text":"Warren Buffett's fortune recently surpassed $100 billion, as shares of his company Berkshire Hathaway hit an all-time high.It's an incredibly rare achievement — and yet the \"Oracle of Omaha\" is actually a pretty simple guy. He still lives in his hometown. He eats fast food and guzzles soda \"like a 6-year-old.\" And his strategies for smart investing aren't too complicated.If it's so easy, why aren't more people as rich as Buffett? Because his approach takes the kind of discipline and patience that many people either don't have or are unwilling to develop.Take a look at 10 of his money-making rules and see whether you can be just a little bit more like Buffett.1. It all starts with good communicationBuffett's first key to prosperity has little to do with picking stocks. He says you need to become a strong communicator: Wield words as your most important tools.\"Without good communication skills, you won’t be able to convince people to follow you even though you see over the mountain and they don't,\" Buffett once told a Stanford MBA student.While this may seem like sage advice for financial planners, it's good for helping anyone develop leadership skills and the ability to think in stressful situations.2. Look forward, not to the pastBuffett famously stated in the 1950s that \"the investor of today does not profit from yesterday's growth.\" This maxim still holds true today.According to Buffett, following past trends is much less important than identifying new opportunities. When deciding whether to invest in a company, focus on what's in its future, not its history.Don't stay stuck in the past when it comes to your mortgage either. If you've had your home loan for more than a year, you're probably overdue on a refinance to take advantage oftoday's historically low mortgage rates.3. When investing, innovate — don't followAdopting a herd mentality is a surefire way to get middling results, Buffett believes. \"You need to divorce your mind from the crowd,\" he has said.It's tough, but you have to break out from the pack by developing your own investing strategy based on your knowledge and experience. \"To be a successful investor you must divorce yourself from the fears and greed of the people around you, although it is almost impossible,\" Buffett says.At the same time, be open to good advice. Financial planning services — which todayare affordable and available online— can help guide you toward your dream retirement.4. Live frugallyBuffett famously lives well below his means. He has been known to drive an older, modest car. He still resides in the house he bought in Omaha, Nebraska, for $31,500 in 1958, and he picks up breakfast at a McDonald's drive-thru almost every day.5. Always be willing to learn new thingsBuffett likes to say that knowledge accumulates just like interest in the bank. He starts each day with a newspaper, and he reads books on various topics every day.Consuming information will not only influence your investing, but it also will prepare you for success in all areas of life. Soak up what others can tell you about new technologies and new strategies.Those who avoid learning new things risk becoming obsolete. Be like Buffett, and you'll never grow too old to learn a new trick.6. Know when to fold 'emDon't get the wrong idea — Buffett does sell stocks when he has to. When the pandemic hit, Berkshire Hathaway sold the entirety of its equity position in the U.S. airline industry.The trick for long-term investing success is knowing when to walk away. Buffett learned these lessons as a young man betting on horse races. He tried to make up for losses by increasing his bets, and he lost more money.Recognize when a stock is a genuine loser, so you can walk away and minimize your losses. If you use an app that allows you toinvest your spare change, your portfolio will be adjusted automatically to protect you when a stock is in trouble.7. Think loooooooong term\"Buy and hold\" is a common, long-term investment strategy that calls for sticking with a stock even when it's having a bad day — or month.Buffett's approach might be called \"buy and hold and hold.\" As he likes to tell his Berkshire Hathaway shareholders, \"Our favorite holding period is forever.\"He doesn't mind when a stock takes an occasional tumble, because those are good opportunities to buy more shares at a discount.8. Never invest borrowed moneyWhen investing, use your own money. Buffett says it's \"crazy\" to borrow. \"It's insane to risk what you have and need for something you don't really need,\" he told CNBC.If you borrow to invest, your strategies will be too closely tied to your need to repay the money. Some investments require long-term planning and holding out for growth, which is difficult with a debt hanging over your head.Doug WhitemanMon, April 26, 2021, 2:00 AM·6 min readThe 10 basic rules that made Warren Buffett $100 billionWarren Buffett's fortune recently surpassed $100 billion, as shares of his company Berkshire Hathaway hit an all-time high.It's an incredibly rare achievement — and yet the \"Oracle of Omaha\" is actually a pretty simple guy. He still lives in his hometown. He eats fast food and guzzles soda \"like a 6-year-old.\" And his strategies for smart investing aren't too complicated.If it's so easy, why aren't more people as rich as Buffett? Because his approach takes the kind of discipline and patience that many people either don't have or are unwilling to develop.Take a look at 10 of his money-making rules and see whether you can be just a little bit more like Buffett.1. It all starts with good communication<<<图片加载中。。。>>>Becoming Warren Buffett / HBOBuffett says you need to develop good communication skills if you want to lead.Buffett's first key to prosperity has little to do with picking stocks. He says you need to become a strong communicator: Wield words as your most important tools.\"Without good communication skills, you won’t be able to convince people to follow you even though you see over the mountain and they don't,\" Buffett once told a Stanford MBA student.While this may seem like sage advice for financial planners, it's good for helping anyone develop leadership skills and the ability to think in stressful situations.2. Look forward, not to the pastBuffett famously stated in the 1950s that \"the investor of today does not profit from yesterday's growth.\" This maxim still holds true today.According to Buffett, following past trends is much less important than identifying new opportunities. When deciding whether to invest in a company, focus on what's in its future, not its history.Don't stay stuck in the past when it comes to your mortgage either. If you've had your home loan for more than a year, you're probably overdue on a refinance to take advantage oftoday's historically low mortgage rates.3. When investing, innovate — don't follow<<<图片加载中。。。>>>Marjolijne / ShutterstockWarren Buffett was never one to follow the herd.Adopting a herd mentality is a surefire way to get middling results, Buffett believes. \"You need to divorce your mind from the crowd,\" he has said.It's tough, but you have to break out from the pack by developing your own investing strategy based on your knowledge and experience. \"To be a successful investor you must divorce yourself from the fears and greed of the people around you, although it is almost impossible,\" Buffett says.At the same time, be open to good advice. Financial planning services — which todayare affordable and available online— can help guide you toward your dream retirement.4. Live frugallyBuffett famously lives well below his means. He has been known to drive an older, modest car. He still resides in the house he bought in Omaha, Nebraska, for $31,500 in 1958, and he picks up breakfast at a McDonald's drive-thru almost every day.You can follow his example by looking for new ways to stretch your dollars. For example:When shopping for life insurance,choose an inexpensive term life policy.Use a free browser extensionthat will search for lower prices when you shop online.Download an app that willgive you cash backfor taking photos of your receipts.5. Always be willing to learn new things<<<图片加载中。。。>>>Becoming Warren Buffett / HBOWarren Buffett begins each day by reading a newspaper.Buffett likes to say that knowledge accumulates just like interest in the bank. He starts each day with a newspaper, and he reads books on various topics every day.Consuming information will not only influence your investing, but it also will prepare you for success in all areas of life. Soak up what others can tell you about new technologies and new strategies.Those who avoid learning new things risk becoming obsolete. Be like Buffett, and you'll never grow too old to learn a new trick.6. Know when to fold 'emDon't get the wrong idea — Buffett does sell stocks when he has to. When the pandemic hit, Berkshire Hathaway sold the entirety of its equity position in the U.S. airline industry.The trick for long-term investing success is knowing when to walk away. Buffett learned these lessons as a young man betting on horse races. He tried to make up for losses by increasing his bets, and he lost more money.Recognize when a stock is a genuine loser, so you can walk away and minimize your losses. If you use an app that allows you toinvest your spare change, your portfolio will be adjusted automatically to protect you when a stock is in trouble.7. Think loooooooong term<<<图片加载中。。。>>>Bennian / ShutterstockBuffett says invest for the long term and don't get caught up in the stock market's day-to-day moves.\"Buy and hold\" is a common, long-term investment strategy that calls for sticking with a stock even when it's having a bad day — or month.Buffett's approach might be called \"buy and hold and hold.\" As he likes to tell his Berkshire Hathaway shareholders, \"Our favorite holding period is forever.\"He doesn't mind when a stock takes an occasional tumble, because those are good opportunities to buy more shares at a discount.8. Never invest borrowed moneyWhen investing, use your own money. Buffett says it's \"crazy\" to borrow. \"It's insane to risk what you have and need for something you don't really need,\" he told CNBC.If you borrow to invest, your strategies will be too closely tied to your need to repay the money. Some investments require long-term planning and holding out for growth, which is difficult with a debt hanging over your head.You don't need much money to invest if youuse a popular stock trading appthat will allow you to buy fractions of shares for as little as $1 or charges you lower-to-no commission on trades.9. Dividends are key to long-term growthWarren Buffett loves stocks that pay dividends. His company, Berkshire Hathaway, gets hundreds of millions of dollars each year from Coca-Cola in the form of dividends.Dividends come from reliable companies that consistently meet or exceed their goals. Their stocks may not make you a lot of money quickly, but their dividends can put your investing on autopilot.Other high-dividend-paying companies include Caterpillar, AT&T, Verizon and the investment firm BlackRock Capital — though, ironically, not Berkshire Hathaway.10. Remember, anything is possibleBuffett is known to plaster his walls with what he calls \"instructional art.\" This includes newspaper front pages with screaming headlines about stock market crashes.They remind him that, in investing and in life, you need to be ready because anything can happen. If you keep this in mind, then you'll proceed with caution and make informed decisions about your investments.You'll avoid taking ondebt you can't handle, won't live an unsustainably lavish lifestyle, and will be able to withstand market fluctuations — just like Warren Buffett.","news_type":1,"symbols_score_info":{"BRK.B":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":1216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375952552,"gmtCreate":1619284655076,"gmtModify":1631888720312,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Its all abt P&amp;L","listText":"Its all abt P&amp;L","text":"Its all abt P&L","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/375952552","repostId":"2129350497","repostType":4,"isVote":1,"tweetType":1,"viewCount":4121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375952658,"gmtCreate":1619284623574,"gmtModify":1631888720324,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Hmmm","listText":"Hmmm","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/375952658","repostId":"1122047796","repostType":4,"repost":{"id":"1122047796","kind":"news","pubTimestamp":1619190353,"share":"https://www.laohu8.com/m/news/1122047796?lang=zh_CN&edition=full","pubTime":"2021-04-23 23:05","market":"us","language":"en","title":"Why Inovio Stock Is Crashing Today<blockquote>为什么Inovio股票今天暴跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1122047796","media":" Motley Fool ","summary":"The biotech just lost funding for the late-stage study of its COVID-19 vaccine candidate.\nWhat happe","content":"<p>The biotech just lost funding for the late-stage study of its COVID-19 vaccine candidate.</p><p><blockquote>该生物技术公司刚刚失去了其COVID-19候选疫苗后期研究的资金。</blockquote></p><p> <b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p> Shares of&nbsp;<b>Inovio Pharmaceuticals</b>&nbsp;(NASDAQ:INO)&nbsp;were crashing 26.8% as of 11:05 a.m. EDT on Friday. The big decline came after the company announced that the U.S. Department of Defense is discontinuing funding of the phase 3 study evaluating its COVID-19 vaccine candidate INO-4800.</p><p><blockquote>本公司之股份<b>Inovio制药公司</b>截至美国东部时间周五上午11点05分，（纳斯达克：INO）股价暴跌26.8%。在该公司宣布美国之后，股价大幅下跌。国防部将停止资助评估其COVID-19候选疫苗INO-4800的3期研究。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> The loss of funding for the phase 3 study of INO-4800 presents a huge setback for Inovio, so today's major sell-off of the&nbsp;biotech stock&nbsp;after this news isn't surprising.</p><p><blockquote>INO-4800 3期研究资金的损失对Inovio来说是一个巨大的挫折，因此今天这一消息传出后该生物技术股票的大幅抛售并不令人意外。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/27c0ce391c793e938d8e0e7d27f95a40\" tg-width=\"2000\" tg-height=\"1500\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> Why did the Defense Department pull the plug on funding the late-stage study? Inovio said that the department's Joint Program Executive Office for Chemical, Biological, Radiological and Nuclear Defense (JPEO-CBRND) told the company: \"The decision results from the changing environment of COVID-19 with the rapid deployment of vaccines. This decision is not a reflection of the awardee or product, rather a fast-moving environment associated with the former Operation Warp Speed on decisions related to future products.\"</p><p><blockquote>为什么国防部停止资助后期研究？Inovio表示，该部门化学、生物、辐射和核防御联合项目执行办公室（JPEO-CBRND）告诉该公司：“该决定源于随着疫苗的快速部署而不断变化的COVID-19环境。这一决定不是对获奖者或产品的反映，而是与前“曲速行动”相关的快速变化的环境对未来产品相关决策的影响。”</blockquote></p><p> That kind of sounds like the old line used when couples break up: \"It's not you, it's me.\" However, in this case, it makes sense.</p><p><blockquote>这听起来有点像情侣分手时的老台词：“不是你，是我。”然而，在这种情况下，这是有道理的。</blockquote></p><p> The U.S. already has supply deals in place with&nbsp;<b>Pfizer</b>,<b>Moderna</b>, and&nbsp;<b>Johnson &amp; Johnson</b>&nbsp;for more than enough doses to fully vaccinate every American. COVID-19 vaccines from&nbsp;<b>AstraZeneca</b>&nbsp;and&nbsp;<b>Novavax</b>could soon win Emergency Use Authorizations, too. Investing in testing another vaccine simply isn't a smart use of government money at this point.</p><p><blockquote>美国已经与<b>辉瑞</b>,<b>现代</b>，和<b>强生公司</b>足够给每个美国人接种疫苗了。COVID-19疫苗来自<b>阿斯利康</b>和<b>Novavax</b>也可能很快赢得紧急使用授权。在这一点上，投资测试另一种疫苗根本不是政府资金的明智使用。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The Defense Department will still fund the ongoing phase 2 study of INO-4800. Inovio now plans to conduct its late-stage study of the vaccine primarily outside the U.S. It also is evaluating another candidate, INO-4802, that targets coronavirus variants.</p><p><blockquote>国防部仍将资助正在进行的INO-4800的2期研究。Inovio现在计划主要在美国境外进行该疫苗的后期研究。它还在评估另一种针对冠状病毒变种的候选药物INO-4802。</blockquote></p><p></p>","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 Inovio Stock Is Crashing Today<blockquote>为什么Inovio股票今天暴跌</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 Inovio Stock Is Crashing Today<blockquote>为什么Inovio股票今天暴跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\"> Motley Fool </strong><span class=\"h-time small\">2021-04-23 23:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The biotech just lost funding for the late-stage study of its COVID-19 vaccine candidate.</p><p><blockquote>该生物技术公司刚刚失去了其COVID-19候选疫苗后期研究的资金。</blockquote></p><p> <b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p> Shares of&nbsp;<b>Inovio Pharmaceuticals</b>&nbsp;(NASDAQ:INO)&nbsp;were crashing 26.8% as of 11:05 a.m. EDT on Friday. The big decline came after the company announced that the U.S. Department of Defense is discontinuing funding of the phase 3 study evaluating its COVID-19 vaccine candidate INO-4800.</p><p><blockquote>本公司之股份<b>Inovio制药公司</b>截至美国东部时间周五上午11点05分，（纳斯达克：INO）股价暴跌26.8%。在该公司宣布美国之后，股价大幅下跌。国防部将停止资助评估其COVID-19候选疫苗INO-4800的3期研究。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> The loss of funding for the phase 3 study of INO-4800 presents a huge setback for Inovio, so today's major sell-off of the&nbsp;biotech stock&nbsp;after this news isn't surprising.</p><p><blockquote>INO-4800 3期研究资金的损失对Inovio来说是一个巨大的挫折，因此今天这一消息传出后该生物技术股票的大幅抛售并不令人意外。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/27c0ce391c793e938d8e0e7d27f95a40\" tg-width=\"2000\" tg-height=\"1500\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> Why did the Defense Department pull the plug on funding the late-stage study? Inovio said that the department's Joint Program Executive Office for Chemical, Biological, Radiological and Nuclear Defense (JPEO-CBRND) told the company: \"The decision results from the changing environment of COVID-19 with the rapid deployment of vaccines. This decision is not a reflection of the awardee or product, rather a fast-moving environment associated with the former Operation Warp Speed on decisions related to future products.\"</p><p><blockquote>为什么国防部停止资助后期研究？Inovio表示，该部门化学、生物、辐射和核防御联合项目执行办公室（JPEO-CBRND）告诉该公司：“该决定源于随着疫苗的快速部署而不断变化的COVID-19环境。这一决定不是对获奖者或产品的反映，而是与前“曲速行动”相关的快速变化的环境对未来产品相关决策的影响。”</blockquote></p><p> That kind of sounds like the old line used when couples break up: \"It's not you, it's me.\" However, in this case, it makes sense.</p><p><blockquote>这听起来有点像情侣分手时的老台词：“不是你，是我。”然而，在这种情况下，这是有道理的。</blockquote></p><p> The U.S. already has supply deals in place with&nbsp;<b>Pfizer</b>,<b>Moderna</b>, and&nbsp;<b>Johnson &amp; Johnson</b>&nbsp;for more than enough doses to fully vaccinate every American. COVID-19 vaccines from&nbsp;<b>AstraZeneca</b>&nbsp;and&nbsp;<b>Novavax</b>could soon win Emergency Use Authorizations, too. Investing in testing another vaccine simply isn't a smart use of government money at this point.</p><p><blockquote>美国已经与<b>辉瑞</b>,<b>现代</b>，和<b>强生公司</b>足够给每个美国人接种疫苗了。COVID-19疫苗来自<b>阿斯利康</b>和<b>Novavax</b>也可能很快赢得紧急使用授权。在这一点上，投资测试另一种疫苗根本不是政府资金的明智使用。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The Defense Department will still fund the ongoing phase 2 study of INO-4800. Inovio now plans to conduct its late-stage study of the vaccine primarily outside the U.S. It also is evaluating another candidate, INO-4802, that targets coronavirus variants.</p><p><blockquote>国防部仍将资助正在进行的INO-4800的2期研究。Inovio现在计划主要在美国境外进行该疫苗的后期研究。它还在评估另一种针对冠状病毒变种的候选药物INO-4802。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/04/23/why-inovio-stock-is-crashing-today/\"> Motley Fool </a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INO":"伊诺维奥制药"},"source_url":"https://www.fool.com/investing/2021/04/23/why-inovio-stock-is-crashing-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122047796","content_text":"The biotech just lost funding for the late-stage study of its COVID-19 vaccine candidate.\nWhat happened\nShares of Inovio Pharmaceuticals (NASDAQ:INO) were crashing 26.8% as of 11:05 a.m. EDT on Friday. The big decline came after the company announced that the U.S. Department of Defense is discontinuing funding of the phase 3 study evaluating its COVID-19 vaccine candidate INO-4800.\nSo what\nThe loss of funding for the phase 3 study of INO-4800 presents a huge setback for Inovio, so today's major sell-off of the biotech stock after this news isn't surprising.\nIMAGE SOURCE: GETTY IMAGES.\nWhy did the Defense Department pull the plug on funding the late-stage study? Inovio said that the department's Joint Program Executive Office for Chemical, Biological, Radiological and Nuclear Defense (JPEO-CBRND) told the company: \"The decision results from the changing environment of COVID-19 with the rapid deployment of vaccines. This decision is not a reflection of the awardee or product, rather a fast-moving environment associated with the former Operation Warp Speed on decisions related to future products.\"\nThat kind of sounds like the old line used when couples break up: \"It's not you, it's me.\" However, in this case, it makes sense.\nThe U.S. already has supply deals in place with Pfizer,Moderna, and Johnson & Johnson for more than enough doses to fully vaccinate every American. COVID-19 vaccines from AstraZeneca and Novavaxcould soon win Emergency Use Authorizations, too. Investing in testing another vaccine simply isn't a smart use of government money at this point.\nNow what\nThe Defense Department will still fund the ongoing phase 2 study of INO-4800. Inovio now plans to conduct its late-stage study of the vaccine primarily outside the U.S. It also is evaluating another candidate, INO-4802, that targets coronavirus variants.","news_type":1,"symbols_score_info":{"INO":0.9}},"isVote":1,"tweetType":1,"viewCount":2124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372086408,"gmtCreate":1619158365504,"gmtModify":1631888720346,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/372086408","repostId":"1156160106","repostType":4,"repost":{"id":"1156160106","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1619155584,"share":"https://www.laohu8.com/m/news/1156160106?lang=zh_CN&edition=full","pubTime":"2021-04-23 13:26","market":"us","language":"en","title":"Tesla Hit As The QQQ, SPY And DIA All Fell Today. Here's Why<blockquote>特斯拉受到打击，QQQ、SPDR标普500指数ETF和DIA今天均下跌。原因如下</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1156160106","media":"Benzinga","summary":"U.S. indices traded lower Thursday on reports President Biden will propose a capital gains tax for t","content":"<p>U.S. indices&nbsp;traded&nbsp;lower Thursday&nbsp;on reports President Biden will propose a capital gains tax for the wealthy of up to 43.4%, which is higher than the previous proposal of 39.5%.</p><p><blockquote>有报道称，拜登总统将提议对富人征收高达43.4%的资本利得税，高于之前提议的39.5%，美国股指周四走低。</blockquote></p><p> <ul>  <li>The<b>Invesco QQQ Trust Series 1</b>(NASDAQ:QQQ) fell by 1.21% at $335.20.</li>  <li>The<b>SPDR S&amp;P 500 ETF Trust</b>(NASDAQ:SPY) closed lower by 0.91% at $412.27.</li>  <li>The<b>SPDR Dow Jones Industrial Average ETF Trust</b>(NASDAQ:DIA) finished lower by 0.93% at $338.12.</li> </ul> Here are the day's winners and losers from the QQQ, according to data fromBenzinga Pro.</p><p><blockquote><ul><li>The<b>景顺QQQ信托系列1</b>（纳斯达克：QQQ）跌1.21%，报335.20美元。</li><li>The<b>SPDR标普500 ETF信托</b>（纳斯达克：SPDR标普500指数ETF）收跌0.91%，报412.27美元。</li><li>The<b>SPDR道琼斯工业平均指数ETF信托</b>（纳斯达克：DIA）收跌0.93%，报338.12美元。</li></ul>根据Benzinga Pro的数据，以下是当天QQQ的赢家和输家。</blockquote></p><p> Gainers for the QQQ were few and far between:<b>NetEase Inc</b>(NASDAQ:NTES),<b>Marriott International Inc</b>(NASDAQ:MAR) and<b>Illumina, Inc.</b>(NASDAQ:ILMN) were among the only names positive for the day.</p><p><blockquote>QQQ的赢家很少：<b>网易公司</b>（纳斯达克：NTES），<b>万豪国际公司</b>（纳斯达克：三月）及<b>Illumina公司。</b>（纳斯达克：ILMN）是当天唯一积极的名字之一。</blockquote></p><p> <b>Micron Technology, Inc.</b>(NASDAQ:MU),<b>NVIDIA Corporation</b>(NASDAQ:NVDA) and<b>Tesla Inc</b>(NASDAQ:TSLA) were a few of the notable laggards for the QQQ.</p><p><blockquote><b>美光科技公司。</b>（纳斯达克：MU），<b>英伟达公司</b>（纳斯达克：NVDA）和<b>特斯拉公司</b>（纳斯达克：TSLA）是QQQ的几个显着落后者。</blockquote></p><p> Tesla shares were trading lower after U.S. senators voiced concern over possible emerging safety concerns related to Tesla products. Weakness is also due to an overall market dip.</p><p><blockquote>在美国参议员对特斯拉产品可能出现的安全问题表示担忧后，特斯拉股价走低。疲软也是由于整体市场下跌。</blockquote></p><p> Elsewhere On The Street</p><p><blockquote>在街上的其他地方</blockquote></p><p> <b>AMC Entertainment Holdings Inc.</b>(NYSE:AMC) started trending Thursday, most likely after the stock gapped higher. AMC is one of the stocks at the center of the investing movement driven by the Reddit page WallStreetBets along with other popular stocks…</p><p><blockquote><b>AMC院线控股公司。</b>（纽约证券交易所股票代码：AMC）周四开始上涨，很可能是在该股跳空走高之后。AMC与其他热门股票一样，是Reddit页面WallStreetBets推动的投资运动的中心股票之一……</blockquote></p><p> <b>Walt Disney Co</b>&nbsp;(NYSE:AMC) and<b>Sony Group Corporation’s</b>(NYSE:SNE) Sony Pictures Entertainment said they have entered into a multi-year content licensing deal that will give Disney U.S. streaming and television rights for “Spider-Man” and other…</p><p><blockquote><b>迪斯尼公司</b>（纽约证券交易所代码：AMC）和<b>索尼集团公司</b>（纽约证券交易所股票代码：SNE）索尼影视娱乐公司表示，他们已达成一项多年内容许可协议，将授予迪士尼《蜘蛛侠》和其他电影的美国流媒体和电视版权……</blockquote></p><p> Chinese electric vehicle maker<b>Nio Inc.’s</b>(NYSE:NIO) CEO William Li thinks Tesla&nbsp;is the biggest beneficiary of Chinese regulations. Li told the BBC&nbsp;the U.S. electric vehicle maker has been the biggest beneficiary of the Chinese government’s efforts to spur development…</p><p><blockquote>中国电动汽车制造商<b>蔚来的</b>（纽约证券交易所代码：蔚来）首席执行官William Li认为特斯拉是中国监管的最大受益者。李告诉BBC，这家美国电动汽车制造商一直是中国政府刺激发展努力的最大受益者……</blockquote></p><p></p>","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>Tesla Hit As The QQQ, SPY And DIA All Fell Today. Here's Why<blockquote>特斯拉受到打击，QQQ、SPDR标普500指数ETF和DIA今天均下跌。原因如下</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\">\nTesla Hit As The QQQ, SPY And DIA All Fell Today. Here's Why<blockquote>特斯拉受到打击，QQQ、SPDR标普500指数ETF和DIA今天均下跌。原因如下</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-04-23 13:26</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>U.S. indices&nbsp;traded&nbsp;lower Thursday&nbsp;on reports President Biden will propose a capital gains tax for the wealthy of up to 43.4%, which is higher than the previous proposal of 39.5%.</p><p><blockquote>有报道称，拜登总统将提议对富人征收高达43.4%的资本利得税，高于之前提议的39.5%，美国股指周四走低。</blockquote></p><p> <ul>  <li>The<b>Invesco QQQ Trust Series 1</b>(NASDAQ:QQQ) fell by 1.21% at $335.20.</li>  <li>The<b>SPDR S&amp;P 500 ETF Trust</b>(NASDAQ:SPY) closed lower by 0.91% at $412.27.</li>  <li>The<b>SPDR Dow Jones Industrial Average ETF Trust</b>(NASDAQ:DIA) finished lower by 0.93% at $338.12.</li> </ul> Here are the day's winners and losers from the QQQ, according to data fromBenzinga Pro.</p><p><blockquote><ul><li>The<b>景顺QQQ信托系列1</b>（纳斯达克：QQQ）跌1.21%，报335.20美元。</li><li>The<b>SPDR标普500 ETF信托</b>（纳斯达克：SPDR标普500指数ETF）收跌0.91%，报412.27美元。</li><li>The<b>SPDR道琼斯工业平均指数ETF信托</b>（纳斯达克：DIA）收跌0.93%，报338.12美元。</li></ul>根据Benzinga Pro的数据，以下是当天QQQ的赢家和输家。</blockquote></p><p> Gainers for the QQQ were few and far between:<b>NetEase Inc</b>(NASDAQ:NTES),<b>Marriott International Inc</b>(NASDAQ:MAR) and<b>Illumina, Inc.</b>(NASDAQ:ILMN) were among the only names positive for the day.</p><p><blockquote>QQQ的赢家很少：<b>网易公司</b>（纳斯达克：NTES），<b>万豪国际公司</b>（纳斯达克：三月）及<b>Illumina公司。</b>（纳斯达克：ILMN）是当天唯一积极的名字之一。</blockquote></p><p> <b>Micron Technology, Inc.</b>(NASDAQ:MU),<b>NVIDIA Corporation</b>(NASDAQ:NVDA) and<b>Tesla Inc</b>(NASDAQ:TSLA) were a few of the notable laggards for the QQQ.</p><p><blockquote><b>美光科技公司。</b>（纳斯达克：MU），<b>英伟达公司</b>（纳斯达克：NVDA）和<b>特斯拉公司</b>（纳斯达克：TSLA）是QQQ的几个显着落后者。</blockquote></p><p> Tesla shares were trading lower after U.S. senators voiced concern over possible emerging safety concerns related to Tesla products. Weakness is also due to an overall market dip.</p><p><blockquote>在美国参议员对特斯拉产品可能出现的安全问题表示担忧后，特斯拉股价走低。疲软也是由于整体市场下跌。</blockquote></p><p> Elsewhere On The Street</p><p><blockquote>在街上的其他地方</blockquote></p><p> <b>AMC Entertainment Holdings Inc.</b>(NYSE:AMC) started trending Thursday, most likely after the stock gapped higher. AMC is one of the stocks at the center of the investing movement driven by the Reddit page WallStreetBets along with other popular stocks…</p><p><blockquote><b>AMC院线控股公司。</b>（纽约证券交易所股票代码：AMC）周四开始上涨，很可能是在该股跳空走高之后。AMC与其他热门股票一样，是Reddit页面WallStreetBets推动的投资运动的中心股票之一……</blockquote></p><p> <b>Walt Disney Co</b>&nbsp;(NYSE:AMC) and<b>Sony Group Corporation’s</b>(NYSE:SNE) Sony Pictures Entertainment said they have entered into a multi-year content licensing deal that will give Disney U.S. streaming and television rights for “Spider-Man” and other…</p><p><blockquote><b>迪斯尼公司</b>（纽约证券交易所代码：AMC）和<b>索尼集团公司</b>（纽约证券交易所股票代码：SNE）索尼影视娱乐公司表示，他们已达成一项多年内容许可协议，将授予迪士尼《蜘蛛侠》和其他电影的美国流媒体和电视版权……</blockquote></p><p> Chinese electric vehicle maker<b>Nio Inc.’s</b>(NYSE:NIO) CEO William Li thinks Tesla&nbsp;is the biggest beneficiary of Chinese regulations. Li told the BBC&nbsp;the U.S. electric vehicle maker has been the biggest beneficiary of the Chinese government’s efforts to spur development…</p><p><blockquote>中国电动汽车制造商<b>蔚来的</b>（纽约证券交易所代码：蔚来）首席执行官William Li认为特斯拉是中国监管的最大受益者。李告诉BBC，这家美国电动汽车制造商一直是中国政府刺激发展努力的最大受益者……</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156160106","content_text":"U.S. indices traded lower Thursday on reports President Biden will propose a capital gains tax for the wealthy of up to 43.4%, which is higher than the previous proposal of 39.5%.\n\nTheInvesco QQQ Trust Series 1(NASDAQ:QQQ) fell by 1.21% at $335.20.\nTheSPDR S&P 500 ETF Trust(NASDAQ:SPY) closed lower by 0.91% at $412.27.\nTheSPDR Dow Jones Industrial Average ETF Trust(NASDAQ:DIA) finished lower by 0.93% at $338.12.\n\nHere are the day's winners and losers from the QQQ, according to data fromBenzinga Pro.\nGainers for the QQQ were few and far between:NetEase Inc(NASDAQ:NTES),Marriott International Inc(NASDAQ:MAR) andIllumina, Inc.(NASDAQ:ILMN) were among the only names positive for the day.\nMicron Technology, Inc.(NASDAQ:MU),NVIDIA Corporation(NASDAQ:NVDA) andTesla Inc(NASDAQ:TSLA) were a few of the notable laggards for the QQQ.\nTesla shares were trading lower after U.S. senators voiced concern over possible emerging safety concerns related to Tesla products. Weakness is also due to an overall market dip.\nElsewhere On The Street\nAMC Entertainment Holdings Inc.(NYSE:AMC) started trending Thursday, most likely after the stock gapped higher. AMC is one of the stocks at the center of the investing movement driven by the Reddit page WallStreetBets along with other popular stocks…\nWalt Disney Co (NYSE:AMC) andSony Group Corporation’s(NYSE:SNE) Sony Pictures Entertainment said they have entered into a multi-year content licensing deal that will give Disney U.S. streaming and television rights for “Spider-Man” and other…\nChinese electric vehicle makerNio Inc.’s(NYSE:NIO) CEO William Li thinks Tesla is the biggest beneficiary of Chinese regulations. Li told the BBC the U.S. electric vehicle maker has been the biggest beneficiary of the Chinese government’s efforts to spur development…","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":3808,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378558663,"gmtCreate":1619052024452,"gmtModify":1631888720349,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/378558663","repostId":"1179803841","repostType":4,"isVote":1,"tweetType":1,"viewCount":4764,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":379594822,"gmtCreate":1618758345266,"gmtModify":1631890440958,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/379594822","repostId":"2127342088","repostType":4,"isVote":1,"tweetType":1,"viewCount":667,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":379595744,"gmtCreate":1618758207588,"gmtModify":1631890440958,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/379595744","repostId":"1156411249","repostType":4,"isVote":1,"tweetType":1,"viewCount":1330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":379323537,"gmtCreate":1618682326329,"gmtModify":1631890440964,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/379323537","repostId":"1145242426","repostType":4,"repost":{"id":"1145242426","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618579826,"share":"https://www.laohu8.com/m/news/1145242426?lang=zh_CN&edition=full","pubTime":"2021-04-16 21:30","market":"us","language":"en","title":"U.S. stocks gained in Friday open. Blockchain stocks fell<blockquote>美国股市周五开盘上涨。区块链股票下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1145242426","media":"Tiger Newspress","summary":"(April 16) U.S. stocks shot higher at the open Friday, aiming for fresh records, as economic reports","content":"<p>(April 16)&nbsp;U.S. stocks shot higher at the open Friday, aiming for fresh records, as economic reports and corporate results remained strong. S&amp;P 500 edges higher to another all-time high, on pace for 4th straight positive week.</p><p><blockquote>（四月十六日）美国。由于经济报告和企业业绩依然强劲，股市周五开盘走高，有望创下新纪录。标普500小幅走高，再创历史新高，连续第四周上涨。</blockquote></p><p>The Dow Jones Industrial Average added 157 points, 0.5%, to open near 34,193, while the S&amp;P 500 added 15 points, 0.4%, starting trading near 4,185. Both indexes clinched record closes Thursday. The Nasdaq Composite index,&nbsp; meanwhile, ticked up 0.1%, about 15 points, to trade near 14,053.</p><p><blockquote>道琼斯工业平均指数上涨157点，涨幅0.5%，开盘于34,193点附近；标普500上涨15点，涨幅0.4%，开盘于4,185点附近。这两个指数周四均创下收盘纪录。与此同时，纳斯达克综合指数上涨0.1%，约15点，至14,053点附近。</blockquote></p><p>The pace of residential construction quickened in March, according to the most recent housing starts report and Morgan Stanley said profit doubled in the first quarter, topping analyst expectations.</p><p><blockquote>根据最新的新屋开工报告，3月份住宅建设步伐加快，摩根士丹利表示，第一季度利润翻了一番，超出了分析师的预期。</blockquote></p><p>Bitcoin slides,&nbsp;Blockchain stocks fell.&nbsp;</p><p><blockquote>比特币下滑，区块链股票下跌。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/86da6884447eed1c7e8c7b86db77eb7f\" tg-width=\"313\" tg-height=\"361\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 09:37</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade，美国东部时间09:37</span></p></blockquote></p><p></p>","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>U.S. stocks gained in Friday open. Blockchain stocks fell<blockquote>美国股市周五开盘上涨。区块链股票下跌</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\">\nU.S. stocks gained in Friday open. Blockchain stocks fell<blockquote>美国股市周五开盘上涨。区块链股票下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-16 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(April 16)&nbsp;U.S. stocks shot higher at the open Friday, aiming for fresh records, as economic reports and corporate results remained strong. S&amp;P 500 edges higher to another all-time high, on pace for 4th straight positive week.</p><p><blockquote>（四月十六日）美国。由于经济报告和企业业绩依然强劲，股市周五开盘走高，有望创下新纪录。标普500小幅走高，再创历史新高，连续第四周上涨。</blockquote></p><p>The Dow Jones Industrial Average added 157 points, 0.5%, to open near 34,193, while the S&amp;P 500 added 15 points, 0.4%, starting trading near 4,185. Both indexes clinched record closes Thursday. The Nasdaq Composite index,&nbsp; meanwhile, ticked up 0.1%, about 15 points, to trade near 14,053.</p><p><blockquote>道琼斯工业平均指数上涨157点，涨幅0.5%，开盘于34,193点附近；标普500上涨15点，涨幅0.4%，开盘于4,185点附近。这两个指数周四均创下收盘纪录。与此同时，纳斯达克综合指数上涨0.1%，约15点，至14,053点附近。</blockquote></p><p>The pace of residential construction quickened in March, according to the most recent housing starts report and Morgan Stanley said profit doubled in the first quarter, topping analyst expectations.</p><p><blockquote>根据最新的新屋开工报告，3月份住宅建设步伐加快，摩根士丹利表示，第一季度利润翻了一番，超出了分析师的预期。</blockquote></p><p>Bitcoin slides,&nbsp;Blockchain stocks fell.&nbsp;</p><p><blockquote>比特币下滑，区块链股票下跌。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/86da6884447eed1c7e8c7b86db77eb7f\" tg-width=\"313\" tg-height=\"361\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 09:37</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade，美国东部时间09:37</span></p></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145242426","content_text":"(April 16) U.S. stocks shot higher at the open Friday, aiming for fresh records, as economic reports and corporate results remained strong. S&P 500 edges higher to another all-time high, on pace for 4th straight positive week.The Dow Jones Industrial Average added 157 points, 0.5%, to open near 34,193, while the S&P 500 added 15 points, 0.4%, starting trading near 4,185. Both indexes clinched record closes Thursday. The Nasdaq Composite index,  meanwhile, ticked up 0.1%, about 15 points, to trade near 14,053.The pace of residential construction quickened in March, according to the most recent housing starts report and Morgan Stanley said profit doubled in the first quarter, topping analyst expectations.Bitcoin slides, Blockchain stocks fell. *Source From Tiger Trade, EST 09:37","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":764,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":379323245,"gmtCreate":1618682303487,"gmtModify":1631890440965,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/379323245","repostId":"1145242426","repostType":4,"repost":{"id":"1145242426","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618579826,"share":"https://www.laohu8.com/m/news/1145242426?lang=zh_CN&edition=full","pubTime":"2021-04-16 21:30","market":"us","language":"en","title":"U.S. stocks gained in Friday open. Blockchain stocks fell<blockquote>美国股市周五开盘上涨。区块链股票下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1145242426","media":"Tiger Newspress","summary":"(April 16) U.S. stocks shot higher at the open Friday, aiming for fresh records, as economic reports","content":"<p>(April 16)&nbsp;U.S. stocks shot higher at the open Friday, aiming for fresh records, as economic reports and corporate results remained strong. S&amp;P 500 edges higher to another all-time high, on pace for 4th straight positive week.</p><p><blockquote>（四月十六日）美国。由于经济报告和企业业绩依然强劲，股市周五开盘走高，有望创下新纪录。标普500小幅走高，再创历史新高，连续第四周上涨。</blockquote></p><p>The Dow Jones Industrial Average added 157 points, 0.5%, to open near 34,193, while the S&amp;P 500 added 15 points, 0.4%, starting trading near 4,185. Both indexes clinched record closes Thursday. The Nasdaq Composite index,&nbsp; meanwhile, ticked up 0.1%, about 15 points, to trade near 14,053.</p><p><blockquote>道琼斯工业平均指数上涨157点，涨幅0.5%，开盘于34,193点附近；标普500上涨15点，涨幅0.4%，开盘于4,185点附近。这两个指数周四均创下收盘纪录。与此同时，纳斯达克综合指数上涨0.1%，约15点，至14,053点附近。</blockquote></p><p>The pace of residential construction quickened in March, according to the most recent housing starts report and Morgan Stanley said profit doubled in the first quarter, topping analyst expectations.</p><p><blockquote>根据最新的新屋开工报告，3月份住宅建设步伐加快，摩根士丹利表示，第一季度利润翻了一番，超出了分析师的预期。</blockquote></p><p>Bitcoin slides,&nbsp;Blockchain stocks fell.&nbsp;</p><p><blockquote>比特币下滑，区块链股票下跌。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/86da6884447eed1c7e8c7b86db77eb7f\" tg-width=\"313\" tg-height=\"361\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 09:37</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade，美国东部时间09:37</span></p></blockquote></p><p></p>","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>U.S. stocks gained in Friday open. Blockchain stocks fell<blockquote>美国股市周五开盘上涨。区块链股票下跌</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\">\nU.S. stocks gained in Friday open. Blockchain stocks fell<blockquote>美国股市周五开盘上涨。区块链股票下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-16 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(April 16)&nbsp;U.S. stocks shot higher at the open Friday, aiming for fresh records, as economic reports and corporate results remained strong. S&amp;P 500 edges higher to another all-time high, on pace for 4th straight positive week.</p><p><blockquote>（四月十六日）美国。由于经济报告和企业业绩依然强劲，股市周五开盘走高，有望创下新纪录。标普500小幅走高，再创历史新高，连续第四周上涨。</blockquote></p><p>The Dow Jones Industrial Average added 157 points, 0.5%, to open near 34,193, while the S&amp;P 500 added 15 points, 0.4%, starting trading near 4,185. Both indexes clinched record closes Thursday. The Nasdaq Composite index,&nbsp; meanwhile, ticked up 0.1%, about 15 points, to trade near 14,053.</p><p><blockquote>道琼斯工业平均指数上涨157点，涨幅0.5%，开盘于34,193点附近；标普500上涨15点，涨幅0.4%，开盘于4,185点附近。这两个指数周四均创下收盘纪录。与此同时，纳斯达克综合指数上涨0.1%，约15点，至14,053点附近。</blockquote></p><p>The pace of residential construction quickened in March, according to the most recent housing starts report and Morgan Stanley said profit doubled in the first quarter, topping analyst expectations.</p><p><blockquote>根据最新的新屋开工报告，3月份住宅建设步伐加快，摩根士丹利表示，第一季度利润翻了一番，超出了分析师的预期。</blockquote></p><p>Bitcoin slides,&nbsp;Blockchain stocks fell.&nbsp;</p><p><blockquote>比特币下滑，区块链股票下跌。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/86da6884447eed1c7e8c7b86db77eb7f\" tg-width=\"313\" tg-height=\"361\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 09:37</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade，美国东部时间09:37</span></p></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145242426","content_text":"(April 16) U.S. stocks shot higher at the open Friday, aiming for fresh records, as economic reports and corporate results remained strong. S&P 500 edges higher to another all-time high, on pace for 4th straight positive week.The Dow Jones Industrial Average added 157 points, 0.5%, to open near 34,193, while the S&P 500 added 15 points, 0.4%, starting trading near 4,185. Both indexes clinched record closes Thursday. The Nasdaq Composite index,  meanwhile, ticked up 0.1%, about 15 points, to trade near 14,053.The pace of residential construction quickened in March, according to the most recent housing starts report and Morgan Stanley said profit doubled in the first quarter, topping analyst expectations.Bitcoin slides, Blockchain stocks fell. *Source From Tiger Trade, EST 09:37","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":696,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347342966,"gmtCreate":1618469605155,"gmtModify":1631887921528,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ME8U.SI\">$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$</a>.....","listText":"<a href=\"https://laohu8.com/S/ME8U.SI\">$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$</a>.....","text":"$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$.....","images":[{"img":"https://static.tigerbbs.com/3676647355e961521b9bd4702064bf38","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/347342966","isVote":1,"tweetType":1,"viewCount":667,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":344354642,"gmtCreate":1618380106486,"gmtModify":1631890440965,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/344354642","repostId":"2127045633","repostType":4,"isVote":1,"tweetType":1,"viewCount":699,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345486531,"gmtCreate":1618329967923,"gmtModify":1631890440969,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/345486531","repostId":"1112150823","repostType":4,"repost":{"id":"1112150823","kind":"news","pubTimestamp":1618329402,"share":"https://www.laohu8.com/m/news/1112150823?lang=zh_CN&edition=full","pubTime":"2021-04-13 23:56","market":"us","language":"en","title":"Monetary Policy Blunder: Not Managing Economic & Financial Outcomes Equally<blockquote>货币政策失误：没有平等管理经济和金融结果</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112150823","media":"zerohedge","summary":"Actual economic outcomes and not forecasted onesare the new policy of the Federal Reserve. Yet, this","content":"<p><b>Actual economic outcomes and not forecasted ones</b>are the new policy of the Federal Reserve. Yet, this strategy's flaw is that it is<b>limited to economic outcomes and overlooks or ignores financial ones.</b>It is not a coincidence that the last two recessions resulted from asset price imbalances rather than too much general inflation.</p><p><blockquote><b>实际经济结果和非预测结果</b>是美联储的新政策。然而，这种策略的缺陷在于<b>局限于经济结果，而忽略或忽略金融结果。</b>过去两次衰退是由资产价格失衡而不是过度的普遍通胀造成的，这并非巧合。</blockquote></p><p> <b>Failure to look at asset market outcomes &amp; excesses as an equal cause of adverse outcomes only increases the odds it will reoccur.</b></p><p><blockquote><b>未能将资产市场结果和过度行为视为不利结果的同等原因，只会增加其再次发生的可能性。</b></blockquote></p><p> In a recent interview at Barron's, Ms. Mary Daly, President of the San Francisco Federal Reserve Bank, was asked about the red-hot housing market and whether the Fed should adjust its buying mortgage securities fueling home-buying. Ms. Daly said, \"People getting into housing because interest rates are lower and they can afford a mortgage is a positive development...One of the transmission mechanisms we have is to lower the interest rate. ....It has worked well. ....I see this as a Federal Reserve win. Our monetary policy transmission mechanism is working.\"</p><p><blockquote>旧金山联邦储备银行行长玛丽·戴利女士最近在接受《巴伦周刊》采访时被问及火热的房地产市场以及美联储是否应该调整购买抵押贷款证券以刺激购房。Daly女士说，“人们因为利率较低并且能够负担得起抵押贷款而进入住房，这是一个积极的发展……我们拥有的传导机制之一就是降低利率。……效果很好。……我认为这是美联储的胜利。我们的货币政策传导机制正在发挥作用。”</blockquote></p><p> The house price index published by the Federal Housing Finance Agency (FHFA) is up 12% in the last twelve months. During the 2000s housing bubble, the fastest one-year increase in housing prices occurred in 2005 when prices rose 10.4%. The current house price surge is 160 basis points above the bubble surge, and the residential real estate market value is also one-third higher than the peak of the housing bubble.</p><p><blockquote>联邦住房金融局(FHFA)公布的房价指数在过去12个月中上涨了12%。在2000年代的房地产泡沫期间，房价一年涨幅最快的是2005年，当时房价上涨了10.4%。目前的房价暴涨比泡沫暴涨高出160个基点，住宅地产市值也比房产泡沫峰值高出三分之一。</blockquote></p><p> <b>Yet, Ms. Daly sees no adverse risks in providing more monetary fuel to housing as her priorities are \"to make sure that every American who wants a job has one, and inflation gets back to the average 2% inflation target.\"</b>The Fed dismissed the red-hot housing market's dangers in the 2000s, only to confront the financial system's near-collapse when house prices fell hard. That proved to be a significant policy error, and the risk of another one is growing with each passing day.</p><p><blockquote><b>然而，戴利女士认为为住房提供更多货币燃料不会带来不利风险，因为她的首要任务是“确保每个想要工作的美国人都有一份工作，并且通胀回到2%的平均通胀目标。”</b>美联储对2000年代炙手可热的房地产市场的危险不屑一顾，却在房价大幅下跌时面临金融体系近乎崩溃的局面。事实证明，这是一个重大的政策错误，而且另一个错误的风险与日俱增。</blockquote></p><p> With equity markets at record levels, policymakers at least acknowledge elevated levels. Still, they are reluctant to act to dampen investor enthusiasm and speculation. Federal Reserve Bank of Dallas President Robert Kaplan recently commented, \"There's no question that financial assets, broadly, are at elevated valuation levels.\" He was concerned \"about excess risking and if excess risk-taking goes too far, whether it creates excesses or imbalances, that could ultimately create challenges..\" Yet, Mr. Kaplan said he was willing to wait until 2022 to raise official rates, and even then by only 25 basis points.</p><p><blockquote>随着股市处于创纪录水平，政策制定者至少承认股市水平有所上升。尽管如此，他们还是不愿意采取行动来抑制投资者的热情和投机。达拉斯联邦储备银行行长罗伯特·卡普兰最近评论道，“毫无疑问，金融资产总体上处于较高的估值水平。”他担心“过度冒险，如果过度冒险走得太远，无论是造成过度还是失衡，最终都可能带来挑战。”然而，卡普兰表示，他愿意等到2022年才加息，即使到那时也只加息25个基点。</blockquote></p><p> Painting by the numbers: domestic equities' market value has increased 50% or $16 trillion to $48.7 trillion in the past two years.<b>At the end of 2020, the equities' domestic market valuation was 2.3X times Nominal GDP, a new record high and 50 basis points (or $10 trillion) higher than the prior record during the tech bubble peak in 2000.</b>Finance and the economy are more interconnected nowadays than in 2000, so a sharp pullback in equity values would have a more significant adverse impact.</p><p><blockquote>数字描绘：过去两年，国内股票市值增长了50%，即16万亿美元，达到48.7万亿美元。<b>截至2020年底，国内股市估值是名义GDP的2.3倍，创下历史新高，比2000年科技泡沫高峰期间的纪录高出50个基点（或10万亿美元）。</b>如今，金融和经济的联系比2000年更加紧密，因此股票价值的大幅回调将产生更大的不利影响。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/282d05e1348f989bb00f6fb5d16e91c6\" tg-width=\"500\" tg-height=\"296\"><b>Not all asset price bubbles are alike. But after experiencing two in the past 20 years, the characteristics of bubbles are known.</b>During the tech and housing bubbles, the Federal Reserve view was to ignore the elevated asset prices. That's because most thought if a speculative asset bubble burst, policymakers could quickly bring down official rates to alleviate the broader economy's damage. In hindsight, that proved to be poor judgment since both the tech and housing bubbles triggered an economic recession, with a near-collapse in the financial system following the housing bust.</p><p><blockquote><b>并非所有资产价格泡沫都是一样的。但在过去20年经历了两次之后，泡沫的特征就知道了。</b>在科技和房地产泡沫期间，美联储的观点是忽视资产价格的上涨。这是因为大多数人认为，如果投机性资产泡沫破裂，政策制定者可以迅速降低官方利率，以减轻更广泛经济的损害。事后看来，这被证明是一个糟糕的判断，因为科技和房地产泡沫都引发了经济衰退，房地产泡沫后金融体系几近崩溃。</blockquote></p><p> The Fed's easy-money policy has put a lot of wind at the backs of the asset markets.<b>It's striking to see the Fed's willingness to maintain the scale of monetary accommodation, especially given their poor record with asset bubbles.</b>Monetary policy (i.e., official rates) may be too blunt of a tool for practical use to deflate bubbles, but that does not mean a policy of low rates can't create them.</p><p><blockquote>美联储的宽松货币政策给资产市场带来了很大的压力。<b>看到美联储维持货币宽松规模的意愿令人震惊，特别是考虑到他们在资产泡沫方面的不良记录。</b>货币政策（即官方利率）可能过于生硬，无法实际用于消除泡沫，但这并不意味着低利率政策不能制造泡沫。</blockquote></p><p></p>","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>Monetary Policy Blunder: Not Managing Economic & Financial Outcomes Equally<blockquote>货币政策失误：没有平等管理经济和金融结果</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\">\nMonetary Policy Blunder: Not Managing Economic & Financial Outcomes Equally<blockquote>货币政策失误：没有平等管理经济和金融结果</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-04-13 23:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Actual economic outcomes and not forecasted ones</b>are the new policy of the Federal Reserve. Yet, this strategy's flaw is that it is<b>limited to economic outcomes and overlooks or ignores financial ones.</b>It is not a coincidence that the last two recessions resulted from asset price imbalances rather than too much general inflation.</p><p><blockquote><b>实际经济结果和非预测结果</b>是美联储的新政策。然而，这种策略的缺陷在于<b>局限于经济结果，而忽略或忽略金融结果。</b>过去两次衰退是由资产价格失衡而不是过度的普遍通胀造成的，这并非巧合。</blockquote></p><p> <b>Failure to look at asset market outcomes &amp; excesses as an equal cause of adverse outcomes only increases the odds it will reoccur.</b></p><p><blockquote><b>未能将资产市场结果和过度行为视为不利结果的同等原因，只会增加其再次发生的可能性。</b></blockquote></p><p> In a recent interview at Barron's, Ms. Mary Daly, President of the San Francisco Federal Reserve Bank, was asked about the red-hot housing market and whether the Fed should adjust its buying mortgage securities fueling home-buying. Ms. Daly said, \"People getting into housing because interest rates are lower and they can afford a mortgage is a positive development...One of the transmission mechanisms we have is to lower the interest rate. ....It has worked well. ....I see this as a Federal Reserve win. Our monetary policy transmission mechanism is working.\"</p><p><blockquote>旧金山联邦储备银行行长玛丽·戴利女士最近在接受《巴伦周刊》采访时被问及火热的房地产市场以及美联储是否应该调整购买抵押贷款证券以刺激购房。Daly女士说，“人们因为利率较低并且能够负担得起抵押贷款而进入住房，这是一个积极的发展……我们拥有的传导机制之一就是降低利率。……效果很好。……我认为这是美联储的胜利。我们的货币政策传导机制正在发挥作用。”</blockquote></p><p> The house price index published by the Federal Housing Finance Agency (FHFA) is up 12% in the last twelve months. During the 2000s housing bubble, the fastest one-year increase in housing prices occurred in 2005 when prices rose 10.4%. The current house price surge is 160 basis points above the bubble surge, and the residential real estate market value is also one-third higher than the peak of the housing bubble.</p><p><blockquote>联邦住房金融局(FHFA)公布的房价指数在过去12个月中上涨了12%。在2000年代的房地产泡沫期间，房价一年涨幅最快的是2005年，当时房价上涨了10.4%。目前的房价暴涨比泡沫暴涨高出160个基点，住宅地产市值也比房产泡沫峰值高出三分之一。</blockquote></p><p> <b>Yet, Ms. Daly sees no adverse risks in providing more monetary fuel to housing as her priorities are \"to make sure that every American who wants a job has one, and inflation gets back to the average 2% inflation target.\"</b>The Fed dismissed the red-hot housing market's dangers in the 2000s, only to confront the financial system's near-collapse when house prices fell hard. That proved to be a significant policy error, and the risk of another one is growing with each passing day.</p><p><blockquote><b>然而，戴利女士认为为住房提供更多货币燃料不会带来不利风险，因为她的首要任务是“确保每个想要工作的美国人都有一份工作，并且通胀回到2%的平均通胀目标。”</b>美联储对2000年代炙手可热的房地产市场的危险不屑一顾，却在房价大幅下跌时面临金融体系近乎崩溃的局面。事实证明，这是一个重大的政策错误，而且另一个错误的风险与日俱增。</blockquote></p><p> With equity markets at record levels, policymakers at least acknowledge elevated levels. Still, they are reluctant to act to dampen investor enthusiasm and speculation. Federal Reserve Bank of Dallas President Robert Kaplan recently commented, \"There's no question that financial assets, broadly, are at elevated valuation levels.\" He was concerned \"about excess risking and if excess risk-taking goes too far, whether it creates excesses or imbalances, that could ultimately create challenges..\" Yet, Mr. Kaplan said he was willing to wait until 2022 to raise official rates, and even then by only 25 basis points.</p><p><blockquote>随着股市处于创纪录水平，政策制定者至少承认股市水平有所上升。尽管如此，他们还是不愿意采取行动来抑制投资者的热情和投机。达拉斯联邦储备银行行长罗伯特·卡普兰最近评论道，“毫无疑问，金融资产总体上处于较高的估值水平。”他担心“过度冒险，如果过度冒险走得太远，无论是造成过度还是失衡，最终都可能带来挑战。”然而，卡普兰表示，他愿意等到2022年才加息，即使到那时也只加息25个基点。</blockquote></p><p> Painting by the numbers: domestic equities' market value has increased 50% or $16 trillion to $48.7 trillion in the past two years.<b>At the end of 2020, the equities' domestic market valuation was 2.3X times Nominal GDP, a new record high and 50 basis points (or $10 trillion) higher than the prior record during the tech bubble peak in 2000.</b>Finance and the economy are more interconnected nowadays than in 2000, so a sharp pullback in equity values would have a more significant adverse impact.</p><p><blockquote>数字描绘：过去两年，国内股票市值增长了50%，即16万亿美元，达到48.7万亿美元。<b>截至2020年底，国内股市估值是名义GDP的2.3倍，创下历史新高，比2000年科技泡沫高峰期间的纪录高出50个基点（或10万亿美元）。</b>如今，金融和经济的联系比2000年更加紧密，因此股票价值的大幅回调将产生更大的不利影响。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/282d05e1348f989bb00f6fb5d16e91c6\" tg-width=\"500\" tg-height=\"296\"><b>Not all asset price bubbles are alike. But after experiencing two in the past 20 years, the characteristics of bubbles are known.</b>During the tech and housing bubbles, the Federal Reserve view was to ignore the elevated asset prices. That's because most thought if a speculative asset bubble burst, policymakers could quickly bring down official rates to alleviate the broader economy's damage. In hindsight, that proved to be poor judgment since both the tech and housing bubbles triggered an economic recession, with a near-collapse in the financial system following the housing bust.</p><p><blockquote><b>并非所有资产价格泡沫都是一样的。但在过去20年经历了两次之后，泡沫的特征就知道了。</b>在科技和房地产泡沫期间，美联储的观点是忽视资产价格的上涨。这是因为大多数人认为，如果投机性资产泡沫破裂，政策制定者可以迅速降低官方利率，以减轻更广泛经济的损害。事后看来，这被证明是一个糟糕的判断，因为科技和房地产泡沫都引发了经济衰退，房地产泡沫后金融体系几近崩溃。</blockquote></p><p> The Fed's easy-money policy has put a lot of wind at the backs of the asset markets.<b>It's striking to see the Fed's willingness to maintain the scale of monetary accommodation, especially given their poor record with asset bubbles.</b>Monetary policy (i.e., official rates) may be too blunt of a tool for practical use to deflate bubbles, but that does not mean a policy of low rates can't create them.</p><p><blockquote>美联储的宽松货币政策给资产市场带来了很大的压力。<b>看到美联储维持货币宽松规模的意愿令人震惊，特别是考虑到他们在资产泡沫方面的不良记录。</b>货币政策（即官方利率）可能过于生硬，无法实际用于消除泡沫，但这并不意味着低利率政策不能制造泡沫。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/economics/monetary-policy-blunder-not-managing-economic-financial-outcomes-equally?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/economics/monetary-policy-blunder-not-managing-economic-financial-outcomes-equally?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112150823","content_text":"Actual economic outcomes and not forecasted onesare the new policy of the Federal Reserve. Yet, this strategy's flaw is that it islimited to economic outcomes and overlooks or ignores financial ones.It is not a coincidence that the last two recessions resulted from asset price imbalances rather than too much general inflation.\nFailure to look at asset market outcomes & excesses as an equal cause of adverse outcomes only increases the odds it will reoccur.\nIn a recent interview at Barron's, Ms. Mary Daly, President of the San Francisco Federal Reserve Bank, was asked about the red-hot housing market and whether the Fed should adjust its buying mortgage securities fueling home-buying. Ms. Daly said, \"People getting into housing because interest rates are lower and they can afford a mortgage is a positive development...One of the transmission mechanisms we have is to lower the interest rate. ....It has worked well. ....I see this as a Federal Reserve win. Our monetary policy transmission mechanism is working.\"\nThe house price index published by the Federal Housing Finance Agency (FHFA) is up 12% in the last twelve months. During the 2000s housing bubble, the fastest one-year increase in housing prices occurred in 2005 when prices rose 10.4%. The current house price surge is 160 basis points above the bubble surge, and the residential real estate market value is also one-third higher than the peak of the housing bubble.\nYet, Ms. Daly sees no adverse risks in providing more monetary fuel to housing as her priorities are \"to make sure that every American who wants a job has one, and inflation gets back to the average 2% inflation target.\"The Fed dismissed the red-hot housing market's dangers in the 2000s, only to confront the financial system's near-collapse when house prices fell hard. That proved to be a significant policy error, and the risk of another one is growing with each passing day.\nWith equity markets at record levels, policymakers at least acknowledge elevated levels. Still, they are reluctant to act to dampen investor enthusiasm and speculation. Federal Reserve Bank of Dallas President Robert Kaplan recently commented, \"There's no question that financial assets, broadly, are at elevated valuation levels.\" He was concerned \"about excess risking and if excess risk-taking goes too far, whether it creates excesses or imbalances, that could ultimately create challenges..\" Yet, Mr. Kaplan said he was willing to wait until 2022 to raise official rates, and even then by only 25 basis points.\nPainting by the numbers: domestic equities' market value has increased 50% or $16 trillion to $48.7 trillion in the past two years.At the end of 2020, the equities' domestic market valuation was 2.3X times Nominal GDP, a new record high and 50 basis points (or $10 trillion) higher than the prior record during the tech bubble peak in 2000.Finance and the economy are more interconnected nowadays than in 2000, so a sharp pullback in equity values would have a more significant adverse impact.\nNot all asset price bubbles are alike. But after experiencing two in the past 20 years, the characteristics of bubbles are known.During the tech and housing bubbles, the Federal Reserve view was to ignore the elevated asset prices. That's because most thought if a speculative asset bubble burst, policymakers could quickly bring down official rates to alleviate the broader economy's damage. In hindsight, that proved to be poor judgment since both the tech and housing bubbles triggered an economic recession, with a near-collapse in the financial system following the housing bust.\nThe Fed's easy-money policy has put a lot of wind at the backs of the asset markets.It's striking to see the Fed's willingness to maintain the scale of monetary accommodation, especially given their poor record with asset bubbles.Monetary policy (i.e., official rates) may be too blunt of a tool for practical use to deflate bubbles, but that does not mean a policy of low rates can't create them.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":626,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345945766,"gmtCreate":1618275419555,"gmtModify":1631890440976,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/345945766","repostId":"1146071431","repostType":4,"repost":{"id":"1146071431","kind":"news","pubTimestamp":1618275286,"share":"https://www.laohu8.com/m/news/1146071431?lang=zh_CN&edition=full","pubTime":"2021-04-13 08:54","market":"us","language":"en","title":"The ‘Coinbase Effect’ Shows the Company’s Importance, and How It Could Diminish<blockquote>“Coinbase效应”显示了该公司的重要性以及它如何削弱</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146071431","media":"Barrons","summary":"The promise of cryptocurrencies is that they have no gatekeeper, because control over them is decent","content":"<p>The promise of cryptocurrencies is that they have no gatekeeper, because control over them is decentralized. But there is at least one gatekeeper that can make or break digital assets.</p><p><blockquote>加密货币的承诺是它们没有看门人，因为对它们的控制是分散的。但至少有一个看门人可以成就或毁掉数字资产。</blockquote></p><p>Coinbase, the dominant U.S. digital asset exchange, plays a big role in what cryptocurrencies gain acceptance and which ones may be left behind.</p><p><blockquote>Coinbase是美国占主导地位的数字资产交易所，在哪些加密货币获得接受以及哪些加密货币可能被抛在后面方面发挥着重要作用。</blockquote></p><p>There are now thousands of coins, and most of them are expected to fail. One path to success runs through Coinbase, whose decision to list or not list an asset can cause enormous price swings. There are now fewer than 60 cryptocurrencies that Coinbase supports for at least some clients, though some are only available in some jurisdictions or for some services. The lack of clear legality for many cryptos means Coinbase’s determinations can be make-or-break for much of the crypto universe.</p><p><blockquote>现在有几千个币，预计大部分都会失败。一条成功之路贯穿Coinbase，其上市或不上市资产的决定可能会导致巨大的价格波动。目前，Coinbase至少为某些客户支持的加密货币不到60种，尽管有些仅在某些司法管辖区或某些服务中可用。许多加密货币缺乏明确的合法性，这意味着Coinbase的决定可能会决定大部分加密货币领域的成败。</blockquote></p><p>The “Coinbase effect” is&nbsp; similar — though different in some key respects — to the role that S&amp;P Dow Jones Indices plays in anointing certain securities to major indexes like the&nbsp;S&amp;P 500.</p><p><blockquote>“比特币基地效应”类似于标准普尔道琼斯指数在将某些证券纳入标准普尔500等主要指数方面所扮演的角色，尽管在一些关键方面有所不同。</blockquote></p><p>Coinbase’s impact is arguably even more important than that of a stock index company, because, unlike stocks, most tokens have not received the blessing of regulators. Getting Coinbase’s imprimatur has become particularly important for many entrepreneurs looking to enter the space — and it’s a crucial factor for investors looking to put money into more cryptocurrencies beyond just the household names like Bitcoin and Ether.</p><p><blockquote>Coinbase的影响可以说甚至比股票指数公司还要重要，因为与股票不同，大多数代币都没有得到监管机构的加持。对于许多希望进入该领域的企业家来说，获得Coinbase的批准变得尤为重要，对于希望将资金投入更多加密货币而不仅仅是比特币和以太等家喻户晓的加密货币的投资者来说，这也是一个至关重要的因素。</blockquote></p><p>Coinbase’s role as a gatekeeper is one gauge of just how important the exchange is to the market — and why&nbsp;its direct stock listing this Wednesday&nbsp;could value the company at more than $100 billion, a remarkably high multiple of its $1.3 billion 2020 revenue.</p><p><blockquote>Coinbase作为看门人的角色是该交易所对市场重要性的一个衡量标准，也是为什么其本周三直接股票上市可能使该公司估值超过1000亿美元，是其2020年13亿美元收入的一个非常高的倍数。</blockquote></p><p>A multiple of 80 times revenue might seem stratospheric for a traditional tech company, but perhaps not so outlandish for a linchpin of an industry now worth $2 trillion.</p><p><blockquote>对于一家传统科技公司来说，80倍的收入似乎很高，但对于一个目前价值2万亿美元的行业的关键人物来说，也许并不那么奇怪。</blockquote></p><p>A report released last month by the crypto research firm Messari found that assets listed on Coinbase had an average gain of 91% in the five days after the listing announcement. That said, the number masks a wide variance in outcomes that is severely skewed by a few outliers. Performance ranged from a 32% drop to a 645% gain. After removing the outliers, Messari found that the average gain was 29%.</p><p><blockquote>加密货币研究公司Messari上个月发布的一份报告发现，在Coinbase上市的资产在上市公告后的五天内平均上涨了91%。也就是说，这个数字掩盖了结果的巨大差异，这种差异被一些异常值严重扭曲。业绩从下降32%到增长645%不等。去除异常值后，Messari发现平均增益为29%。</blockquote></p><p>It’s not just the price effect that matters. A Coinbase listing can open tokens to millions of new users — 56 million people had Coinbase accounts at the end of the first quarter.</p><p><blockquote>重要的不仅仅是价格效应。Coinbase上市可以向数百万新用户开放代币——截至第一季度末，有5600万人拥有Coinbase账户。</blockquote></p><p>Cryptocurrencies are often designed to be more than just assets . Many have utility as tokens in a network that can be used for specific purposes like buying file storage. Shareholders, by comparison, are often passive actors who simply want their stock to rise. Increasing the number of token-holders is doubly important in the crypto world.</p><p><blockquote>加密货币通常不仅仅是资产。许多在网络中用作令牌，可用于特定目的，如购买文件存储。相比之下，股东往往是被动的参与者，他们只是希望自己的股票上涨。在加密世界中，增加代币持有者的数量尤为重要。</blockquote></p><p>For Matthew Liu, the co-founder of Origin Protocol, Coinbase’s decision to list Origin tokens last week was a huge moment.</p><p><blockquote>对于Origin Protocol联合创始人Matthew Liu来说，Coinbase上周决定上市Origin代币是一个重大时刻。</blockquote></p><p>“When Coinbase decides to list you, it’s a very powerful branding effect,” he said in an interview with<i>Barron’s</i>. “That’s one very positive thing. But more important is that Coinbase is an exchange that has millions of users, and many of these users are what we call crypto normals. So a lot of retail people that are just learning about cryptocurrencies. And also very importantly, Coinbase is based in the United States.”</p><p><blockquote>“当Coinbase决定让你上市时，这是一个非常强大的品牌效应，”他在接受采访时表示。<i>巴伦周刊</i>“这是一件非常积极的事情。但更重要的是，Coinbase是一家拥有数百万用户的交易所，其中许多用户是我们看涨期权的加密正常人。所以很多散户刚刚了解加密货币。而且非常重要的是，Coinbase总部位于美国。”</blockquote></p><p>Origin’s ownership base had mostly been outside the U.S., but Liu says he is now likely to get more U.S. users. Origin aims to be a kind of Shopify of the crypto universe, building consumer-friendly applications for complex products like&nbsp;nonfungible tokens(NFTs).</p><p><blockquote>Origin的用户群大多在美国以外，但刘表示，他现在可能会获得更多的美国用户。Origin的目标是成为加密领域的Shopify，为不可伪造代币(NFT)等复杂产品构建消费者友好的应用程序。</blockquote></p><p>The Coinbase listing “allows us to bring our cryptocurrency and commerce products to the US mainstream, which is a very desired audience,” Liu said. “And it’s just a very, very validating moment for us as a company.”</p><p><blockquote>刘说，比特币基地的上市“使我们能够将我们的加密货币和商业产品带到美国主流，这是一个非常受欢迎的受众”。“对于我们公司来说，这是一个非常非常值得验证的时刻。”</blockquote></p><p>Origin’s price went about 30% the day of the announcement, though it has since lost some of that bounce and was down about 6% on Monday.</p><p><blockquote>Origin的价格在消息发布当天上涨了约30%，但此后失去了部分反弹，周一下跌了约6%。</blockquote></p><p>Liu says that Coinbase’s impending listing, set for this Wednesday, makes the timing even more fortuitous, because its public market debut will be “a big validation for the entire cryptocurrency and blockchain industries.”</p><p><blockquote>刘表示，Coinbase即将于本周三上市，这使得这个时机变得更加偶然，因为它的公开市场首次亮相将是“对整个加密货币和区块链行业的一次重大验证”。</blockquote></p><p>“We think that there’s going to be a ton of new entrants into this space,” Liu said.</p><p><blockquote>“我们认为这个领域将会有大量新进入者，”刘说。</blockquote></p><p>Coinbase’s method for deciding whether to list a token is complex and some of it remains mysterious. Asked about his conversations with the company before listing, Liu sent&nbsp;<i>Barron’s</i>&nbsp;the Coinbase blog post&nbsp;about the listing. “I am not at liberty to describe the rest of the listing process,” he added.</p><p><blockquote>Coinbase决定是否上市代币的方法很复杂，其中一些仍然神秘。问及上市前与公司的对话情况，刘发<i>巴伦周刊</i>比特币基地关于上市的博客文章。“我无权描述上市过程的其余部分，”他补充道。</blockquote></p><p>Liu said he wasn’t told of the listing decision until it became public to everyone. Coinbase executives could not speak in detail about the process because of the impending stock listing.</p><p><blockquote>刘说，直到上市决定向所有人公开后，他才被告知。由于股票即将上市，Coinbase高管无法详细谈论这一过程。</blockquote></p><p></p><p>Coinbase allows creators and users of cryptocurrencies&nbsp;to submit applications through a public website&nbsp;and then reviews them for security, legal, and compliance issues. Coinbase can also decide on its own to list cryptocurrencies with or without an application.</p><p><blockquote>Coinbase允许加密货币的创建者和用户通过公共网站提交申请，然后审查其安全性、法律和合规性问题。Coinbase还可以自行决定在有或没有应用程序的情况下列出加密货币。</blockquote></p><p>The process can take weeks and involves such complex issues as reviewing legality in jurisdictions all over the world. In addition, the company has to review the technology behind each protocol and figure out how to make it integrate seamlessly with its platform.</p><p><blockquote>这一过程可能需要数周时间，并涉及审查世界各地司法管辖区的合法性等复杂问题。此外，该公司还必须审查每个协议背后的技术，并弄清楚如何使其与其平台无缝集成。</blockquote></p><p>The process hasn’t always been smooth. Coinbase&nbsp;pulled its listing of XRP, one of the most valuable cryptocurrencies, in December after the U.S. Securities and Exchange Commission sued the company behind the cryptocurrency. And Coinbase’s listing of a Bitcoin spinoff called Bitcoin Cash&nbsp;caused controversy given the rise in the value of Bitcoin Cash prior to the announcement. Coinbase said its internal investigation of activity around that listing, conducted by a law firm, turned up no wrongdoing.</p><p><blockquote>这个过程并不总是一帆风顺。在美国证券交易委员会起诉加密货币背后的公司后，Coinbase于去年12月撤回了最有价值的加密货币之一XRP的上市。鉴于比特币现金的价值在宣布之前上涨，Coinbase在比特币分拆公司比特币现金的上市引起了争议。Coinbase表示，由一家律师事务所对此次上市活动进行的内部调查没有发现任何不当行为。</blockquote></p><p>While Coinbase’s role as a gatekeeper is crucial, it is often dependent on circumstances. Tokens that have a broad user base or are not controversial may not always move much on the Coinbase announcement. The Coinbase effect has less of an impact as it used to, some industry experts said.</p><p><blockquote>虽然Coinbase作为看门人的角色至关重要，但这往往取决于具体情况。拥有广泛用户群或没有争议的代币可能并不总是在Coinbase公告中有太大变化。一些行业专家表示，Coinbase效应的影响不如以前了。</blockquote></p><p>The effect has “diminished significantly” from a few years ago, when Coinbase listed fewer than 10 assets, noted Matt Hougan, chief investment officer of Bitwise Asset Management, a cryptocurrency fund provider. Outside factors can also be important.</p><p><blockquote>加密货币基金提供商Bitwise Asset Management首席投资官马特·霍根(Matt Hougan)指出，与几年前相比，这种影响已经“显着减弱”，当时Coinbase上市的资产不到10种。外部因素也很重要。</blockquote></p><p>The research firm Messari found that the market impact is often dependent on the performance of the wider crypto universe, so a big debut could struggle if Bitcoin and other tokens are having a rough day.</p><p><blockquote>研究公司Messari发现，市场影响往往取决于更广泛的加密领域的表现，因此如果比特币和其他代币经历了艰难的一天，大型首次亮相可能会举步维艰。</blockquote></p><p>In addition, the Coinbase effect may diminish as governments give more regulatory guidance about cryptocurrencies, and as other exchanges grow in prominence. It will be worth watching if the value of Coinbase’s stock changes based on these issues as well.</p><p><blockquote>此外，随着政府对加密货币提供更多监管指导，以及其他交易所日益突出，Coinbase效应可能会减弱。如果Coinbase的股票价值也因这些问题而发生变化，那将是值得关注的。</blockquote></p><p>“We continue to gain more regulatory clarity for cryptoassets in general in the US,” Garrick Hileman, head of research at Blockchain.com, wrote in an email to&nbsp;<i>Barron’s.</i>“More exchanges are also achieving regulatory and compliance parity with Coinbase, with some even exceeding Coinbase in some areas such as gaining bank charters. These developments will erode the signaling value carried by a Coinbase addition compared to times when regulations were murkier and Coinbases possessed a greater compliance lead over its competitors.”</p><p><blockquote>Blockchain.com研究主管Garrick Hileman在给<i>巴伦周刊。</i>“更多的交易所也在实现与Coinbase的监管和合规水平，有些交易所甚至在某些领域超过了Coinbase，例如获得银行牌照。与监管更加模糊和Coinbase拥有比竞争对手更大的合规性领先优势相比，这些发展将削弱Coinbase加入所带来的信号价值。”</blockquote></p><p></p>","source":"lsy1601382232898","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>The ‘Coinbase Effect’ Shows the Company’s Importance, and How It Could Diminish<blockquote>“Coinbase效应”显示了该公司的重要性以及它如何削弱</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\">\nThe ‘Coinbase Effect’ Shows the Company’s Importance, and How It Could Diminish<blockquote>“Coinbase效应”显示了该公司的重要性以及它如何削弱</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-04-13 08:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The promise of cryptocurrencies is that they have no gatekeeper, because control over them is decentralized. But there is at least one gatekeeper that can make or break digital assets.</p><p><blockquote>加密货币的承诺是它们没有看门人，因为对它们的控制是分散的。但至少有一个看门人可以成就或毁掉数字资产。</blockquote></p><p>Coinbase, the dominant U.S. digital asset exchange, plays a big role in what cryptocurrencies gain acceptance and which ones may be left behind.</p><p><blockquote>Coinbase是美国占主导地位的数字资产交易所，在哪些加密货币获得接受以及哪些加密货币可能被抛在后面方面发挥着重要作用。</blockquote></p><p>There are now thousands of coins, and most of them are expected to fail. One path to success runs through Coinbase, whose decision to list or not list an asset can cause enormous price swings. There are now fewer than 60 cryptocurrencies that Coinbase supports for at least some clients, though some are only available in some jurisdictions or for some services. The lack of clear legality for many cryptos means Coinbase’s determinations can be make-or-break for much of the crypto universe.</p><p><blockquote>现在有几千个币，预计大部分都会失败。一条成功之路贯穿Coinbase，其上市或不上市资产的决定可能会导致巨大的价格波动。目前，Coinbase至少为某些客户支持的加密货币不到60种，尽管有些仅在某些司法管辖区或某些服务中可用。许多加密货币缺乏明确的合法性，这意味着Coinbase的决定可能会决定大部分加密货币领域的成败。</blockquote></p><p>The “Coinbase effect” is&nbsp; similar — though different in some key respects — to the role that S&amp;P Dow Jones Indices plays in anointing certain securities to major indexes like the&nbsp;S&amp;P 500.</p><p><blockquote>“比特币基地效应”类似于标准普尔道琼斯指数在将某些证券纳入标准普尔500等主要指数方面所扮演的角色，尽管在一些关键方面有所不同。</blockquote></p><p>Coinbase’s impact is arguably even more important than that of a stock index company, because, unlike stocks, most tokens have not received the blessing of regulators. Getting Coinbase’s imprimatur has become particularly important for many entrepreneurs looking to enter the space — and it’s a crucial factor for investors looking to put money into more cryptocurrencies beyond just the household names like Bitcoin and Ether.</p><p><blockquote>Coinbase的影响可以说甚至比股票指数公司还要重要，因为与股票不同，大多数代币都没有得到监管机构的加持。对于许多希望进入该领域的企业家来说，获得Coinbase的批准变得尤为重要，对于希望将资金投入更多加密货币而不仅仅是比特币和以太等家喻户晓的加密货币的投资者来说，这也是一个至关重要的因素。</blockquote></p><p>Coinbase’s role as a gatekeeper is one gauge of just how important the exchange is to the market — and why&nbsp;its direct stock listing this Wednesday&nbsp;could value the company at more than $100 billion, a remarkably high multiple of its $1.3 billion 2020 revenue.</p><p><blockquote>Coinbase作为看门人的角色是该交易所对市场重要性的一个衡量标准，也是为什么其本周三直接股票上市可能使该公司估值超过1000亿美元，是其2020年13亿美元收入的一个非常高的倍数。</blockquote></p><p>A multiple of 80 times revenue might seem stratospheric for a traditional tech company, but perhaps not so outlandish for a linchpin of an industry now worth $2 trillion.</p><p><blockquote>对于一家传统科技公司来说，80倍的收入似乎很高，但对于一个目前价值2万亿美元的行业的关键人物来说，也许并不那么奇怪。</blockquote></p><p>A report released last month by the crypto research firm Messari found that assets listed on Coinbase had an average gain of 91% in the five days after the listing announcement. That said, the number masks a wide variance in outcomes that is severely skewed by a few outliers. Performance ranged from a 32% drop to a 645% gain. After removing the outliers, Messari found that the average gain was 29%.</p><p><blockquote>加密货币研究公司Messari上个月发布的一份报告发现，在Coinbase上市的资产在上市公告后的五天内平均上涨了91%。也就是说，这个数字掩盖了结果的巨大差异，这种差异被一些异常值严重扭曲。业绩从下降32%到增长645%不等。去除异常值后，Messari发现平均增益为29%。</blockquote></p><p>It’s not just the price effect that matters. A Coinbase listing can open tokens to millions of new users — 56 million people had Coinbase accounts at the end of the first quarter.</p><p><blockquote>重要的不仅仅是价格效应。Coinbase上市可以向数百万新用户开放代币——截至第一季度末，有5600万人拥有Coinbase账户。</blockquote></p><p>Cryptocurrencies are often designed to be more than just assets . Many have utility as tokens in a network that can be used for specific purposes like buying file storage. Shareholders, by comparison, are often passive actors who simply want their stock to rise. Increasing the number of token-holders is doubly important in the crypto world.</p><p><blockquote>加密货币通常不仅仅是资产。许多在网络中用作令牌，可用于特定目的，如购买文件存储。相比之下，股东往往是被动的参与者，他们只是希望自己的股票上涨。在加密世界中，增加代币持有者的数量尤为重要。</blockquote></p><p>For Matthew Liu, the co-founder of Origin Protocol, Coinbase’s decision to list Origin tokens last week was a huge moment.</p><p><blockquote>对于Origin Protocol联合创始人Matthew Liu来说，Coinbase上周决定上市Origin代币是一个重大时刻。</blockquote></p><p>“When Coinbase decides to list you, it’s a very powerful branding effect,” he said in an interview with<i>Barron’s</i>. “That’s one very positive thing. But more important is that Coinbase is an exchange that has millions of users, and many of these users are what we call crypto normals. So a lot of retail people that are just learning about cryptocurrencies. And also very importantly, Coinbase is based in the United States.”</p><p><blockquote>“当Coinbase决定让你上市时，这是一个非常强大的品牌效应，”他在接受采访时表示。<i>巴伦周刊</i>“这是一件非常积极的事情。但更重要的是，Coinbase是一家拥有数百万用户的交易所，其中许多用户是我们看涨期权的加密正常人。所以很多散户刚刚了解加密货币。而且非常重要的是，Coinbase总部位于美国。”</blockquote></p><p>Origin’s ownership base had mostly been outside the U.S., but Liu says he is now likely to get more U.S. users. Origin aims to be a kind of Shopify of the crypto universe, building consumer-friendly applications for complex products like&nbsp;nonfungible tokens(NFTs).</p><p><blockquote>Origin的用户群大多在美国以外，但刘表示，他现在可能会获得更多的美国用户。Origin的目标是成为加密领域的Shopify，为不可伪造代币(NFT)等复杂产品构建消费者友好的应用程序。</blockquote></p><p>The Coinbase listing “allows us to bring our cryptocurrency and commerce products to the US mainstream, which is a very desired audience,” Liu said. “And it’s just a very, very validating moment for us as a company.”</p><p><blockquote>刘说，比特币基地的上市“使我们能够将我们的加密货币和商业产品带到美国主流，这是一个非常受欢迎的受众”。“对于我们公司来说，这是一个非常非常值得验证的时刻。”</blockquote></p><p>Origin’s price went about 30% the day of the announcement, though it has since lost some of that bounce and was down about 6% on Monday.</p><p><blockquote>Origin的价格在消息发布当天上涨了约30%，但此后失去了部分反弹，周一下跌了约6%。</blockquote></p><p>Liu says that Coinbase’s impending listing, set for this Wednesday, makes the timing even more fortuitous, because its public market debut will be “a big validation for the entire cryptocurrency and blockchain industries.”</p><p><blockquote>刘表示，Coinbase即将于本周三上市，这使得这个时机变得更加偶然，因为它的公开市场首次亮相将是“对整个加密货币和区块链行业的一次重大验证”。</blockquote></p><p>“We think that there’s going to be a ton of new entrants into this space,” Liu said.</p><p><blockquote>“我们认为这个领域将会有大量新进入者，”刘说。</blockquote></p><p>Coinbase’s method for deciding whether to list a token is complex and some of it remains mysterious. Asked about his conversations with the company before listing, Liu sent&nbsp;<i>Barron’s</i>&nbsp;the Coinbase blog post&nbsp;about the listing. “I am not at liberty to describe the rest of the listing process,” he added.</p><p><blockquote>Coinbase决定是否上市代币的方法很复杂，其中一些仍然神秘。问及上市前与公司的对话情况，刘发<i>巴伦周刊</i>比特币基地关于上市的博客文章。“我无权描述上市过程的其余部分，”他补充道。</blockquote></p><p>Liu said he wasn’t told of the listing decision until it became public to everyone. Coinbase executives could not speak in detail about the process because of the impending stock listing.</p><p><blockquote>刘说，直到上市决定向所有人公开后，他才被告知。由于股票即将上市，Coinbase高管无法详细谈论这一过程。</blockquote></p><p></p><p>Coinbase allows creators and users of cryptocurrencies&nbsp;to submit applications through a public website&nbsp;and then reviews them for security, legal, and compliance issues. Coinbase can also decide on its own to list cryptocurrencies with or without an application.</p><p><blockquote>Coinbase允许加密货币的创建者和用户通过公共网站提交申请，然后审查其安全性、法律和合规性问题。Coinbase还可以自行决定在有或没有应用程序的情况下列出加密货币。</blockquote></p><p>The process can take weeks and involves such complex issues as reviewing legality in jurisdictions all over the world. In addition, the company has to review the technology behind each protocol and figure out how to make it integrate seamlessly with its platform.</p><p><blockquote>这一过程可能需要数周时间，并涉及审查世界各地司法管辖区的合法性等复杂问题。此外，该公司还必须审查每个协议背后的技术，并弄清楚如何使其与其平台无缝集成。</blockquote></p><p>The process hasn’t always been smooth. Coinbase&nbsp;pulled its listing of XRP, one of the most valuable cryptocurrencies, in December after the U.S. Securities and Exchange Commission sued the company behind the cryptocurrency. And Coinbase’s listing of a Bitcoin spinoff called Bitcoin Cash&nbsp;caused controversy given the rise in the value of Bitcoin Cash prior to the announcement. Coinbase said its internal investigation of activity around that listing, conducted by a law firm, turned up no wrongdoing.</p><p><blockquote>这个过程并不总是一帆风顺。在美国证券交易委员会起诉加密货币背后的公司后，Coinbase于去年12月撤回了最有价值的加密货币之一XRP的上市。鉴于比特币现金的价值在宣布之前上涨，Coinbase在比特币分拆公司比特币现金的上市引起了争议。Coinbase表示，由一家律师事务所对此次上市活动进行的内部调查没有发现任何不当行为。</blockquote></p><p>While Coinbase’s role as a gatekeeper is crucial, it is often dependent on circumstances. Tokens that have a broad user base or are not controversial may not always move much on the Coinbase announcement. The Coinbase effect has less of an impact as it used to, some industry experts said.</p><p><blockquote>虽然Coinbase作为看门人的角色至关重要，但这往往取决于具体情况。拥有广泛用户群或没有争议的代币可能并不总是在Coinbase公告中有太大变化。一些行业专家表示，Coinbase效应的影响不如以前了。</blockquote></p><p>The effect has “diminished significantly” from a few years ago, when Coinbase listed fewer than 10 assets, noted Matt Hougan, chief investment officer of Bitwise Asset Management, a cryptocurrency fund provider. Outside factors can also be important.</p><p><blockquote>加密货币基金提供商Bitwise Asset Management首席投资官马特·霍根(Matt Hougan)指出，与几年前相比，这种影响已经“显着减弱”，当时Coinbase上市的资产不到10种。外部因素也很重要。</blockquote></p><p>The research firm Messari found that the market impact is often dependent on the performance of the wider crypto universe, so a big debut could struggle if Bitcoin and other tokens are having a rough day.</p><p><blockquote>研究公司Messari发现，市场影响往往取决于更广泛的加密领域的表现，因此如果比特币和其他代币经历了艰难的一天，大型首次亮相可能会举步维艰。</blockquote></p><p>In addition, the Coinbase effect may diminish as governments give more regulatory guidance about cryptocurrencies, and as other exchanges grow in prominence. It will be worth watching if the value of Coinbase’s stock changes based on these issues as well.</p><p><blockquote>此外，随着政府对加密货币提供更多监管指导，以及其他交易所日益突出，Coinbase效应可能会减弱。如果Coinbase的股票价值也因这些问题而发生变化，那将是值得关注的。</blockquote></p><p>“We continue to gain more regulatory clarity for cryptoassets in general in the US,” Garrick Hileman, head of research at Blockchain.com, wrote in an email to&nbsp;<i>Barron’s.</i>“More exchanges are also achieving regulatory and compliance parity with Coinbase, with some even exceeding Coinbase in some areas such as gaining bank charters. These developments will erode the signaling value carried by a Coinbase addition compared to times when regulations were murkier and Coinbases possessed a greater compliance lead over its competitors.”</p><p><blockquote>Blockchain.com研究主管Garrick Hileman在给<i>巴伦周刊。</i>“更多的交易所也在实现与Coinbase的监管和合规水平，有些交易所甚至在某些领域超过了Coinbase，例如获得银行牌照。与监管更加模糊和Coinbase拥有比竞争对手更大的合规性领先优势相比，这些发展将削弱Coinbase加入所带来的信号价值。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/the-coinbase-effect-shows-the-companys-importance-and-how-it-could-diminish-51618247558?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.barrons.com/articles/the-coinbase-effect-shows-the-companys-importance-and-how-it-could-diminish-51618247558?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146071431","content_text":"The promise of cryptocurrencies is that they have no gatekeeper, because control over them is decentralized. But there is at least one gatekeeper that can make or break digital assets.Coinbase, the dominant U.S. digital asset exchange, plays a big role in what cryptocurrencies gain acceptance and which ones may be left behind.There are now thousands of coins, and most of them are expected to fail. One path to success runs through Coinbase, whose decision to list or not list an asset can cause enormous price swings. There are now fewer than 60 cryptocurrencies that Coinbase supports for at least some clients, though some are only available in some jurisdictions or for some services. The lack of clear legality for many cryptos means Coinbase’s determinations can be make-or-break for much of the crypto universe.The “Coinbase effect” is  similar — though different in some key respects — to the role that S&P Dow Jones Indices plays in anointing certain securities to major indexes like the S&P 500.Coinbase’s impact is arguably even more important than that of a stock index company, because, unlike stocks, most tokens have not received the blessing of regulators. Getting Coinbase’s imprimatur has become particularly important for many entrepreneurs looking to enter the space — and it’s a crucial factor for investors looking to put money into more cryptocurrencies beyond just the household names like Bitcoin and Ether.Coinbase’s role as a gatekeeper is one gauge of just how important the exchange is to the market — and why its direct stock listing this Wednesday could value the company at more than $100 billion, a remarkably high multiple of its $1.3 billion 2020 revenue.A multiple of 80 times revenue might seem stratospheric for a traditional tech company, but perhaps not so outlandish for a linchpin of an industry now worth $2 trillion.A report released last month by the crypto research firm Messari found that assets listed on Coinbase had an average gain of 91% in the five days after the listing announcement. That said, the number masks a wide variance in outcomes that is severely skewed by a few outliers. Performance ranged from a 32% drop to a 645% gain. After removing the outliers, Messari found that the average gain was 29%.It’s not just the price effect that matters. A Coinbase listing can open tokens to millions of new users — 56 million people had Coinbase accounts at the end of the first quarter.Cryptocurrencies are often designed to be more than just assets . Many have utility as tokens in a network that can be used for specific purposes like buying file storage. Shareholders, by comparison, are often passive actors who simply want their stock to rise. Increasing the number of token-holders is doubly important in the crypto world.For Matthew Liu, the co-founder of Origin Protocol, Coinbase’s decision to list Origin tokens last week was a huge moment.“When Coinbase decides to list you, it’s a very powerful branding effect,” he said in an interview withBarron’s. “That’s one very positive thing. But more important is that Coinbase is an exchange that has millions of users, and many of these users are what we call crypto normals. So a lot of retail people that are just learning about cryptocurrencies. And also very importantly, Coinbase is based in the United States.”Origin’s ownership base had mostly been outside the U.S., but Liu says he is now likely to get more U.S. users. Origin aims to be a kind of Shopify of the crypto universe, building consumer-friendly applications for complex products like nonfungible tokens(NFTs).The Coinbase listing “allows us to bring our cryptocurrency and commerce products to the US mainstream, which is a very desired audience,” Liu said. “And it’s just a very, very validating moment for us as a company.”Origin’s price went about 30% the day of the announcement, though it has since lost some of that bounce and was down about 6% on Monday.Liu says that Coinbase’s impending listing, set for this Wednesday, makes the timing even more fortuitous, because its public market debut will be “a big validation for the entire cryptocurrency and blockchain industries.”“We think that there’s going to be a ton of new entrants into this space,” Liu said.Coinbase’s method for deciding whether to list a token is complex and some of it remains mysterious. Asked about his conversations with the company before listing, Liu sent Barron’s the Coinbase blog post about the listing. “I am not at liberty to describe the rest of the listing process,” he added.Liu said he wasn’t told of the listing decision until it became public to everyone. Coinbase executives could not speak in detail about the process because of the impending stock listing.Coinbase allows creators and users of cryptocurrencies to submit applications through a public website and then reviews them for security, legal, and compliance issues. Coinbase can also decide on its own to list cryptocurrencies with or without an application.The process can take weeks and involves such complex issues as reviewing legality in jurisdictions all over the world. In addition, the company has to review the technology behind each protocol and figure out how to make it integrate seamlessly with its platform.The process hasn’t always been smooth. Coinbase pulled its listing of XRP, one of the most valuable cryptocurrencies, in December after the U.S. Securities and Exchange Commission sued the company behind the cryptocurrency. And Coinbase’s listing of a Bitcoin spinoff called Bitcoin Cash caused controversy given the rise in the value of Bitcoin Cash prior to the announcement. Coinbase said its internal investigation of activity around that listing, conducted by a law firm, turned up no wrongdoing.While Coinbase’s role as a gatekeeper is crucial, it is often dependent on circumstances. Tokens that have a broad user base or are not controversial may not always move much on the Coinbase announcement. The Coinbase effect has less of an impact as it used to, some industry experts said.The effect has “diminished significantly” from a few years ago, when Coinbase listed fewer than 10 assets, noted Matt Hougan, chief investment officer of Bitwise Asset Management, a cryptocurrency fund provider. Outside factors can also be important.The research firm Messari found that the market impact is often dependent on the performance of the wider crypto universe, so a big debut could struggle if Bitcoin and other tokens are having a rough day.In addition, the Coinbase effect may diminish as governments give more regulatory guidance about cryptocurrencies, and as other exchanges grow in prominence. It will be worth watching if the value of Coinbase’s stock changes based on these issues as well.“We continue to gain more regulatory clarity for cryptoassets in general in the US,” Garrick Hileman, head of research at Blockchain.com, wrote in an email to Barron’s.“More exchanges are also achieving regulatory and compliance parity with Coinbase, with some even exceeding Coinbase in some areas such as gaining bank charters. These developments will erode the signaling value carried by a Coinbase addition compared to times when regulations were murkier and Coinbases possessed a greater compliance lead over its competitors.”","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":595,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342524019,"gmtCreate":1618234090031,"gmtModify":1631890440979,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/342524019","repostId":"1104755159","repostType":4,"isVote":1,"tweetType":1,"viewCount":406,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354211824,"gmtCreate":1617177877268,"gmtModify":1631890440979,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Hmmmm","listText":"Hmmmm","text":"Hmmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/354211824","repostId":"1113806067","repostType":4,"isVote":1,"tweetType":1,"viewCount":655,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":378558663,"gmtCreate":1619052024452,"gmtModify":1631888720349,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/378558663","repostId":"1179803841","repostType":4,"isVote":1,"tweetType":1,"viewCount":4764,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352444349,"gmtCreate":1616998697581,"gmtModify":1631892667030,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Great news!","listText":"Great news!","text":"Great news!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/352444349","repostId":"1179737264","repostType":4,"repost":{"id":"1179737264","kind":"news","pubTimestamp":1616996700,"share":"https://www.laohu8.com/m/news/1179737264?lang=zh_CN&edition=full","pubTime":"2021-03-29 13:45","market":"hk","language":"en","title":"Asian stocks rise after Wall Street highs and on vaccine optimism<blockquote>亚洲股市在华尔街高点和疫苗乐观情绪后上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1179737264","media":"MarketWatch","summary":"Asian stocks rose Monday after Wall Street hit a new high and investors were encouraged by governmen","content":"<p>Asian stocks rose Monday after Wall Street hit a new high and investors were encouraged by government stimulus and the rollout of coronavirus vaccines.</p><p><blockquote>亚洲股市周一上涨，此前华尔街创下新高，投资者受到政府刺激措施和冠状病毒疫苗推出的鼓舞。</blockquote></p><p> Shanghai, Tokyo, Hong Kong and Seoul advanced.</p><p><blockquote>上海、东京、香港和首尔上涨。</blockquote></p><p> Wall Street’s advance Friday was led by stocks that would benefit if vaccinations and government spending boost the U.S. economy as much as expected.</p><p><blockquote>如果疫苗接种和政府支出像预期那样提振美国经济，这些股票将受益，周五华尔街的上涨是由股票领涨的。</blockquote></p><p> Vaccines and stimulus have “helped to create an aura of high optimism,” John Bilton of JP Morgan Asset Management said in a report. He said “above-trend global growth” should last into 2022 and regions such as Europe that are at “peak pessimism” due to vaccine delays should accelerate later this year.</p><p><blockquote>摩根大通资产管理公司的约翰·比尔顿在一份报告中表示，疫苗和刺激措施“有助于营造高度乐观的氛围”。他表示，“高于趋势的全球增长”应该会持续到2022年，而欧洲等因疫苗延迟而处于“悲观情绪顶峰”的地区应该会在今年晚些时候加速。</blockquote></p><p> The Shanghai Composite IndexSHCOMProse 0.7% to 3,443.55 and the Nikkei 225NIKin Tokyo advanced 1.1% to 29,484.57. The Hang Seng :HSIin Hong Kong added 0.3% to 28,437.46.</p><p><blockquote>上证综合指数上涨0.7%，至3,443.55点；日经225指数上涨1.1%，至29,484.57点。香港恒生指数上涨0.3%，至28,437.46点。</blockquote></p><p> The Kospi180721in Seoul was up less than 0.1% at 3,043.55 while Sydney’s S&amp;P-ASX 200XJOshed 0.2% to 6,808.20. New Zealand and Southeast Asian markets advanced.</p><p><blockquote>首尔KOSPI180721指数上涨不到0.1%，至3,043.55点，而悉尼S&amp;P-ASX 200XJO指数上涨0.2%，至6,808.20点。新西兰和东南亚市场上涨。</blockquote></p><p> Markets have been swinging between optimism that vaccines might allow business and travel to return to normal and anxiety over setbacks in distribution and concern about possible inflation after massive government stimulus.</p><p><blockquote>市场一直在对疫苗可能让商业和旅行恢复正常的乐观情绪与对分配受挫的焦虑以及对政府大规模刺激后可能出现通胀的担忧之间摇摆不定。</blockquote></p><p> Investors were jolted last week by news Egypt’s Suez Canal, one of the busiest trade routes, was blocked by a cargo ship that became wedged into the waterway.</p><p><blockquote>上周，埃及最繁忙的贸易路线之一苏伊士运河被一艘货船卡入水道堵塞的消息震惊了投资者。</blockquote></p><p> On Wall Street, the S&amp;P 500SPXrose 1.7% on Friday to 3,974.54. A quarter of that gain came in the last five minutes of trading. That produced a weekly gain of 1.7% after a 0.8% decline the previous week.</p><p><blockquote>华尔街方面，标准普尔500SPX指数周五上涨1.7%，至3,974.54点。其中四分之一的涨幅来自交易的最后五分钟。继前一周下跌0.8%后，周涨幅为1.7%。</blockquote></p><p> The Dow Jones Industrial AverageDJIArose 1.4%, to 33,072.88. The Nasdaq CompositeCOMPclimbed 1.2%, to 13,138.72, though it is is 6.8% below last month’s record high.</p><p><blockquote>道琼斯工业平均指数上涨1.4%，至33,072.88点。纳斯达克综合指数上涨1.2%，至13,138.72点，但较上个月的历史高点低6.8%。</blockquote></p><p> U.S. stocks have benefited from President Joe Biden’s proposal for higher spending on infrastructure. Steelmaker Nucor climbed 8.9% and miner Freeport-McMoRan rose 5.9%.</p><p><blockquote>美国股市受益于总统乔·拜登提出的增加基础设施支出的提议。钢铁制造商纽柯钢铁(Nucor)上涨8.9%，矿业公司自由港麦克莫兰(Freeport-McMoRan)上涨5.9%。</blockquote></p><p> In energy markets, benchmark U.S. crudeCL.1lost $1.04 to $59.93 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose $2.41 to $60.97 on Friday. Brent crudeBRN00,the basis for international oil prices, retreated 96 cents to $63.47 per barrel in London. It advanced $2.62 the previous session to $64.57.</p><p><blockquote>能源市场方面，纽约商品交易所电子交易中基准美国原油DEC.1下跌1.04美元，至每桶59.93美元。周五该合约上涨2.41美元至60.97美元。作为国际油价基础的布伦特原油BRN00在伦敦下跌96美分，至每桶63.47美元。较前一交易日上涨2.62美元，至64.57美元。</blockquote></p><p> The dollarUSDJPYdeclined to 109.49 yen from Friday’s 109.69 yen. The euroEURUSDedged down to $1.1787 from the previous session’s $1.1790.</p><p><blockquote>美元兑日元从周五的109.69日元跌至109.49日元。欧元兑美元从前一交易日的1.1790美元跌至1.1787美元。</blockquote></p><p></p>","source":"lsy1616996754749","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>Asian stocks rise after Wall Street highs and on vaccine optimism<blockquote>亚洲股市在华尔街高点和疫苗乐观情绪后上涨</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\">\nAsian stocks rise after Wall Street highs and on vaccine optimism<blockquote>亚洲股市在华尔街高点和疫苗乐观情绪后上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-03-29 13:45</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Asian stocks rose Monday after Wall Street hit a new high and investors were encouraged by government stimulus and the rollout of coronavirus vaccines.</p><p><blockquote>亚洲股市周一上涨，此前华尔街创下新高，投资者受到政府刺激措施和冠状病毒疫苗推出的鼓舞。</blockquote></p><p> Shanghai, Tokyo, Hong Kong and Seoul advanced.</p><p><blockquote>上海、东京、香港和首尔上涨。</blockquote></p><p> Wall Street’s advance Friday was led by stocks that would benefit if vaccinations and government spending boost the U.S. economy as much as expected.</p><p><blockquote>如果疫苗接种和政府支出像预期那样提振美国经济，这些股票将受益，周五华尔街的上涨是由股票领涨的。</blockquote></p><p> Vaccines and stimulus have “helped to create an aura of high optimism,” John Bilton of JP Morgan Asset Management said in a report. He said “above-trend global growth” should last into 2022 and regions such as Europe that are at “peak pessimism” due to vaccine delays should accelerate later this year.</p><p><blockquote>摩根大通资产管理公司的约翰·比尔顿在一份报告中表示，疫苗和刺激措施“有助于营造高度乐观的氛围”。他表示，“高于趋势的全球增长”应该会持续到2022年，而欧洲等因疫苗延迟而处于“悲观情绪顶峰”的地区应该会在今年晚些时候加速。</blockquote></p><p> The Shanghai Composite IndexSHCOMProse 0.7% to 3,443.55 and the Nikkei 225NIKin Tokyo advanced 1.1% to 29,484.57. The Hang Seng :HSIin Hong Kong added 0.3% to 28,437.46.</p><p><blockquote>上证综合指数上涨0.7%，至3,443.55点；日经225指数上涨1.1%，至29,484.57点。香港恒生指数上涨0.3%，至28,437.46点。</blockquote></p><p> The Kospi180721in Seoul was up less than 0.1% at 3,043.55 while Sydney’s S&amp;P-ASX 200XJOshed 0.2% to 6,808.20. New Zealand and Southeast Asian markets advanced.</p><p><blockquote>首尔KOSPI180721指数上涨不到0.1%，至3,043.55点，而悉尼S&amp;P-ASX 200XJO指数上涨0.2%，至6,808.20点。新西兰和东南亚市场上涨。</blockquote></p><p> Markets have been swinging between optimism that vaccines might allow business and travel to return to normal and anxiety over setbacks in distribution and concern about possible inflation after massive government stimulus.</p><p><blockquote>市场一直在对疫苗可能让商业和旅行恢复正常的乐观情绪与对分配受挫的焦虑以及对政府大规模刺激后可能出现通胀的担忧之间摇摆不定。</blockquote></p><p> Investors were jolted last week by news Egypt’s Suez Canal, one of the busiest trade routes, was blocked by a cargo ship that became wedged into the waterway.</p><p><blockquote>上周，埃及最繁忙的贸易路线之一苏伊士运河被一艘货船卡入水道堵塞的消息震惊了投资者。</blockquote></p><p> On Wall Street, the S&amp;P 500SPXrose 1.7% on Friday to 3,974.54. A quarter of that gain came in the last five minutes of trading. That produced a weekly gain of 1.7% after a 0.8% decline the previous week.</p><p><blockquote>华尔街方面，标准普尔500SPX指数周五上涨1.7%，至3,974.54点。其中四分之一的涨幅来自交易的最后五分钟。继前一周下跌0.8%后，周涨幅为1.7%。</blockquote></p><p> The Dow Jones Industrial AverageDJIArose 1.4%, to 33,072.88. The Nasdaq CompositeCOMPclimbed 1.2%, to 13,138.72, though it is is 6.8% below last month’s record high.</p><p><blockquote>道琼斯工业平均指数上涨1.4%，至33,072.88点。纳斯达克综合指数上涨1.2%，至13,138.72点，但较上个月的历史高点低6.8%。</blockquote></p><p> U.S. stocks have benefited from President Joe Biden’s proposal for higher spending on infrastructure. Steelmaker Nucor climbed 8.9% and miner Freeport-McMoRan rose 5.9%.</p><p><blockquote>美国股市受益于总统乔·拜登提出的增加基础设施支出的提议。钢铁制造商纽柯钢铁(Nucor)上涨8.9%，矿业公司自由港麦克莫兰(Freeport-McMoRan)上涨5.9%。</blockquote></p><p> In energy markets, benchmark U.S. crudeCL.1lost $1.04 to $59.93 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose $2.41 to $60.97 on Friday. Brent crudeBRN00,the basis for international oil prices, retreated 96 cents to $63.47 per barrel in London. It advanced $2.62 the previous session to $64.57.</p><p><blockquote>能源市场方面，纽约商品交易所电子交易中基准美国原油DEC.1下跌1.04美元，至每桶59.93美元。周五该合约上涨2.41美元至60.97美元。作为国际油价基础的布伦特原油BRN00在伦敦下跌96美分，至每桶63.47美元。较前一交易日上涨2.62美元，至64.57美元。</blockquote></p><p> The dollarUSDJPYdeclined to 109.49 yen from Friday’s 109.69 yen. The euroEURUSDedged down to $1.1787 from the previous session’s $1.1790.</p><p><blockquote>美元兑日元从周五的109.69日元跌至109.49日元。欧元兑美元从前一交易日的1.1790美元跌至1.1787美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/discover?url=https%3A%2F%2Fwww.marketwatch.com%2Famp%2Fstory%2Fasian-stocks-rise-after-wall-street-highs-and-on-vaccine-optimism-01616995327&link=sfmw_tw#https://www.marketwatch.com/amp/story/asian-stocks-rise-after-wall-street-highs-and-on-vaccine-optimism-01616995327?mod=dist_amp_social\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f5481d622d7bc535b67b2738f86cc0db","relate_stocks":{},"source_url":"https://www.marketwatch.com/discover?url=https%3A%2F%2Fwww.marketwatch.com%2Famp%2Fstory%2Fasian-stocks-rise-after-wall-street-highs-and-on-vaccine-optimism-01616995327&link=sfmw_tw#https://www.marketwatch.com/amp/story/asian-stocks-rise-after-wall-street-highs-and-on-vaccine-optimism-01616995327?mod=dist_amp_social","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179737264","content_text":"Asian stocks rose Monday after Wall Street hit a new high and investors were encouraged by government stimulus and the rollout of coronavirus vaccines.\nShanghai, Tokyo, Hong Kong and Seoul advanced.\nWall Street’s advance Friday was led by stocks that would benefit if vaccinations and government spending boost the U.S. economy as much as expected.\nVaccines and stimulus have “helped to create an aura of high optimism,” John Bilton of JP Morgan Asset Management said in a report. He said “above-trend global growth” should last into 2022 and regions such as Europe that are at “peak pessimism” due to vaccine delays should accelerate later this year.\nThe Shanghai Composite IndexSHCOMProse 0.7% to 3,443.55 and the Nikkei 225NIKin Tokyo advanced 1.1% to 29,484.57. The Hang Seng :HSIin Hong Kong added 0.3% to 28,437.46.\nThe Kospi180721in Seoul was up less than 0.1% at 3,043.55 while Sydney’s S&P-ASX 200XJOshed 0.2% to 6,808.20. New Zealand and Southeast Asian markets advanced.\nMarkets have been swinging between optimism that vaccines might allow business and travel to return to normal and anxiety over setbacks in distribution and concern about possible inflation after massive government stimulus.\nInvestors were jolted last week by news Egypt’s Suez Canal, one of the busiest trade routes, was blocked by a cargo ship that became wedged into the waterway.\nOn Wall Street, the S&P 500SPXrose 1.7% on Friday to 3,974.54. A quarter of that gain came in the last five minutes of trading. That produced a weekly gain of 1.7% after a 0.8% decline the previous week.\nThe Dow Jones Industrial AverageDJIArose 1.4%, to 33,072.88. The Nasdaq CompositeCOMPclimbed 1.2%, to 13,138.72, though it is is 6.8% below last month’s record high.\nU.S. stocks have benefited from President Joe Biden’s proposal for higher spending on infrastructure. Steelmaker Nucor climbed 8.9% and miner Freeport-McMoRan rose 5.9%.\nIn energy markets, benchmark U.S. crudeCL.1lost $1.04 to $59.93 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose $2.41 to $60.97 on Friday. Brent crudeBRN00,the basis for international oil prices, retreated 96 cents to $63.47 per barrel in London. It advanced $2.62 the previous session to $64.57.\nThe dollarUSDJPYdeclined to 109.49 yen from Friday’s 109.69 yen. The euroEURUSDedged down to $1.1787 from the previous session’s $1.1790.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":217,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375952552,"gmtCreate":1619284655076,"gmtModify":1631888720312,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Its all abt P&amp;L","listText":"Its all abt P&amp;L","text":"Its all abt P&L","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/375952552","repostId":"2129350497","repostType":4,"isVote":1,"tweetType":1,"viewCount":4121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345945766,"gmtCreate":1618275419555,"gmtModify":1631890440976,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/345945766","repostId":"1146071431","repostType":4,"repost":{"id":"1146071431","kind":"news","pubTimestamp":1618275286,"share":"https://www.laohu8.com/m/news/1146071431?lang=zh_CN&edition=full","pubTime":"2021-04-13 08:54","market":"us","language":"en","title":"The ‘Coinbase Effect’ Shows the Company’s Importance, and How It Could Diminish<blockquote>“Coinbase效应”显示了该公司的重要性以及它如何削弱</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146071431","media":"Barrons","summary":"The promise of cryptocurrencies is that they have no gatekeeper, because control over them is decent","content":"<p>The promise of cryptocurrencies is that they have no gatekeeper, because control over them is decentralized. But there is at least one gatekeeper that can make or break digital assets.</p><p><blockquote>加密货币的承诺是它们没有看门人，因为对它们的控制是分散的。但至少有一个看门人可以成就或毁掉数字资产。</blockquote></p><p>Coinbase, the dominant U.S. digital asset exchange, plays a big role in what cryptocurrencies gain acceptance and which ones may be left behind.</p><p><blockquote>Coinbase是美国占主导地位的数字资产交易所，在哪些加密货币获得接受以及哪些加密货币可能被抛在后面方面发挥着重要作用。</blockquote></p><p>There are now thousands of coins, and most of them are expected to fail. One path to success runs through Coinbase, whose decision to list or not list an asset can cause enormous price swings. There are now fewer than 60 cryptocurrencies that Coinbase supports for at least some clients, though some are only available in some jurisdictions or for some services. The lack of clear legality for many cryptos means Coinbase’s determinations can be make-or-break for much of the crypto universe.</p><p><blockquote>现在有几千个币，预计大部分都会失败。一条成功之路贯穿Coinbase，其上市或不上市资产的决定可能会导致巨大的价格波动。目前，Coinbase至少为某些客户支持的加密货币不到60种，尽管有些仅在某些司法管辖区或某些服务中可用。许多加密货币缺乏明确的合法性，这意味着Coinbase的决定可能会决定大部分加密货币领域的成败。</blockquote></p><p>The “Coinbase effect” is&nbsp; similar — though different in some key respects — to the role that S&amp;P Dow Jones Indices plays in anointing certain securities to major indexes like the&nbsp;S&amp;P 500.</p><p><blockquote>“比特币基地效应”类似于标准普尔道琼斯指数在将某些证券纳入标准普尔500等主要指数方面所扮演的角色，尽管在一些关键方面有所不同。</blockquote></p><p>Coinbase’s impact is arguably even more important than that of a stock index company, because, unlike stocks, most tokens have not received the blessing of regulators. Getting Coinbase’s imprimatur has become particularly important for many entrepreneurs looking to enter the space — and it’s a crucial factor for investors looking to put money into more cryptocurrencies beyond just the household names like Bitcoin and Ether.</p><p><blockquote>Coinbase的影响可以说甚至比股票指数公司还要重要，因为与股票不同，大多数代币都没有得到监管机构的加持。对于许多希望进入该领域的企业家来说，获得Coinbase的批准变得尤为重要，对于希望将资金投入更多加密货币而不仅仅是比特币和以太等家喻户晓的加密货币的投资者来说，这也是一个至关重要的因素。</blockquote></p><p>Coinbase’s role as a gatekeeper is one gauge of just how important the exchange is to the market — and why&nbsp;its direct stock listing this Wednesday&nbsp;could value the company at more than $100 billion, a remarkably high multiple of its $1.3 billion 2020 revenue.</p><p><blockquote>Coinbase作为看门人的角色是该交易所对市场重要性的一个衡量标准，也是为什么其本周三直接股票上市可能使该公司估值超过1000亿美元，是其2020年13亿美元收入的一个非常高的倍数。</blockquote></p><p>A multiple of 80 times revenue might seem stratospheric for a traditional tech company, but perhaps not so outlandish for a linchpin of an industry now worth $2 trillion.</p><p><blockquote>对于一家传统科技公司来说，80倍的收入似乎很高，但对于一个目前价值2万亿美元的行业的关键人物来说，也许并不那么奇怪。</blockquote></p><p>A report released last month by the crypto research firm Messari found that assets listed on Coinbase had an average gain of 91% in the five days after the listing announcement. That said, the number masks a wide variance in outcomes that is severely skewed by a few outliers. Performance ranged from a 32% drop to a 645% gain. After removing the outliers, Messari found that the average gain was 29%.</p><p><blockquote>加密货币研究公司Messari上个月发布的一份报告发现，在Coinbase上市的资产在上市公告后的五天内平均上涨了91%。也就是说，这个数字掩盖了结果的巨大差异，这种差异被一些异常值严重扭曲。业绩从下降32%到增长645%不等。去除异常值后，Messari发现平均增益为29%。</blockquote></p><p>It’s not just the price effect that matters. A Coinbase listing can open tokens to millions of new users — 56 million people had Coinbase accounts at the end of the first quarter.</p><p><blockquote>重要的不仅仅是价格效应。Coinbase上市可以向数百万新用户开放代币——截至第一季度末，有5600万人拥有Coinbase账户。</blockquote></p><p>Cryptocurrencies are often designed to be more than just assets . Many have utility as tokens in a network that can be used for specific purposes like buying file storage. Shareholders, by comparison, are often passive actors who simply want their stock to rise. Increasing the number of token-holders is doubly important in the crypto world.</p><p><blockquote>加密货币通常不仅仅是资产。许多在网络中用作令牌，可用于特定目的，如购买文件存储。相比之下，股东往往是被动的参与者，他们只是希望自己的股票上涨。在加密世界中，增加代币持有者的数量尤为重要。</blockquote></p><p>For Matthew Liu, the co-founder of Origin Protocol, Coinbase’s decision to list Origin tokens last week was a huge moment.</p><p><blockquote>对于Origin Protocol联合创始人Matthew Liu来说，Coinbase上周决定上市Origin代币是一个重大时刻。</blockquote></p><p>“When Coinbase decides to list you, it’s a very powerful branding effect,” he said in an interview with<i>Barron’s</i>. “That’s one very positive thing. But more important is that Coinbase is an exchange that has millions of users, and many of these users are what we call crypto normals. So a lot of retail people that are just learning about cryptocurrencies. And also very importantly, Coinbase is based in the United States.”</p><p><blockquote>“当Coinbase决定让你上市时，这是一个非常强大的品牌效应，”他在接受采访时表示。<i>巴伦周刊</i>“这是一件非常积极的事情。但更重要的是，Coinbase是一家拥有数百万用户的交易所，其中许多用户是我们看涨期权的加密正常人。所以很多散户刚刚了解加密货币。而且非常重要的是，Coinbase总部位于美国。”</blockquote></p><p>Origin’s ownership base had mostly been outside the U.S., but Liu says he is now likely to get more U.S. users. Origin aims to be a kind of Shopify of the crypto universe, building consumer-friendly applications for complex products like&nbsp;nonfungible tokens(NFTs).</p><p><blockquote>Origin的用户群大多在美国以外，但刘表示，他现在可能会获得更多的美国用户。Origin的目标是成为加密领域的Shopify，为不可伪造代币(NFT)等复杂产品构建消费者友好的应用程序。</blockquote></p><p>The Coinbase listing “allows us to bring our cryptocurrency and commerce products to the US mainstream, which is a very desired audience,” Liu said. “And it’s just a very, very validating moment for us as a company.”</p><p><blockquote>刘说，比特币基地的上市“使我们能够将我们的加密货币和商业产品带到美国主流，这是一个非常受欢迎的受众”。“对于我们公司来说，这是一个非常非常值得验证的时刻。”</blockquote></p><p>Origin’s price went about 30% the day of the announcement, though it has since lost some of that bounce and was down about 6% on Monday.</p><p><blockquote>Origin的价格在消息发布当天上涨了约30%，但此后失去了部分反弹，周一下跌了约6%。</blockquote></p><p>Liu says that Coinbase’s impending listing, set for this Wednesday, makes the timing even more fortuitous, because its public market debut will be “a big validation for the entire cryptocurrency and blockchain industries.”</p><p><blockquote>刘表示，Coinbase即将于本周三上市，这使得这个时机变得更加偶然，因为它的公开市场首次亮相将是“对整个加密货币和区块链行业的一次重大验证”。</blockquote></p><p>“We think that there’s going to be a ton of new entrants into this space,” Liu said.</p><p><blockquote>“我们认为这个领域将会有大量新进入者，”刘说。</blockquote></p><p>Coinbase’s method for deciding whether to list a token is complex and some of it remains mysterious. Asked about his conversations with the company before listing, Liu sent&nbsp;<i>Barron’s</i>&nbsp;the Coinbase blog post&nbsp;about the listing. “I am not at liberty to describe the rest of the listing process,” he added.</p><p><blockquote>Coinbase决定是否上市代币的方法很复杂，其中一些仍然神秘。问及上市前与公司的对话情况，刘发<i>巴伦周刊</i>比特币基地关于上市的博客文章。“我无权描述上市过程的其余部分，”他补充道。</blockquote></p><p>Liu said he wasn’t told of the listing decision until it became public to everyone. Coinbase executives could not speak in detail about the process because of the impending stock listing.</p><p><blockquote>刘说，直到上市决定向所有人公开后，他才被告知。由于股票即将上市，Coinbase高管无法详细谈论这一过程。</blockquote></p><p></p><p>Coinbase allows creators and users of cryptocurrencies&nbsp;to submit applications through a public website&nbsp;and then reviews them for security, legal, and compliance issues. Coinbase can also decide on its own to list cryptocurrencies with or without an application.</p><p><blockquote>Coinbase允许加密货币的创建者和用户通过公共网站提交申请，然后审查其安全性、法律和合规性问题。Coinbase还可以自行决定在有或没有应用程序的情况下列出加密货币。</blockquote></p><p>The process can take weeks and involves such complex issues as reviewing legality in jurisdictions all over the world. In addition, the company has to review the technology behind each protocol and figure out how to make it integrate seamlessly with its platform.</p><p><blockquote>这一过程可能需要数周时间，并涉及审查世界各地司法管辖区的合法性等复杂问题。此外，该公司还必须审查每个协议背后的技术，并弄清楚如何使其与其平台无缝集成。</blockquote></p><p>The process hasn’t always been smooth. Coinbase&nbsp;pulled its listing of XRP, one of the most valuable cryptocurrencies, in December after the U.S. Securities and Exchange Commission sued the company behind the cryptocurrency. And Coinbase’s listing of a Bitcoin spinoff called Bitcoin Cash&nbsp;caused controversy given the rise in the value of Bitcoin Cash prior to the announcement. Coinbase said its internal investigation of activity around that listing, conducted by a law firm, turned up no wrongdoing.</p><p><blockquote>这个过程并不总是一帆风顺。在美国证券交易委员会起诉加密货币背后的公司后，Coinbase于去年12月撤回了最有价值的加密货币之一XRP的上市。鉴于比特币现金的价值在宣布之前上涨，Coinbase在比特币分拆公司比特币现金的上市引起了争议。Coinbase表示，由一家律师事务所对此次上市活动进行的内部调查没有发现任何不当行为。</blockquote></p><p>While Coinbase’s role as a gatekeeper is crucial, it is often dependent on circumstances. Tokens that have a broad user base or are not controversial may not always move much on the Coinbase announcement. The Coinbase effect has less of an impact as it used to, some industry experts said.</p><p><blockquote>虽然Coinbase作为看门人的角色至关重要，但这往往取决于具体情况。拥有广泛用户群或没有争议的代币可能并不总是在Coinbase公告中有太大变化。一些行业专家表示，Coinbase效应的影响不如以前了。</blockquote></p><p>The effect has “diminished significantly” from a few years ago, when Coinbase listed fewer than 10 assets, noted Matt Hougan, chief investment officer of Bitwise Asset Management, a cryptocurrency fund provider. Outside factors can also be important.</p><p><blockquote>加密货币基金提供商Bitwise Asset Management首席投资官马特·霍根(Matt Hougan)指出，与几年前相比，这种影响已经“显着减弱”，当时Coinbase上市的资产不到10种。外部因素也很重要。</blockquote></p><p>The research firm Messari found that the market impact is often dependent on the performance of the wider crypto universe, so a big debut could struggle if Bitcoin and other tokens are having a rough day.</p><p><blockquote>研究公司Messari发现，市场影响往往取决于更广泛的加密领域的表现，因此如果比特币和其他代币经历了艰难的一天，大型首次亮相可能会举步维艰。</blockquote></p><p>In addition, the Coinbase effect may diminish as governments give more regulatory guidance about cryptocurrencies, and as other exchanges grow in prominence. It will be worth watching if the value of Coinbase’s stock changes based on these issues as well.</p><p><blockquote>此外，随着政府对加密货币提供更多监管指导，以及其他交易所日益突出，Coinbase效应可能会减弱。如果Coinbase的股票价值也因这些问题而发生变化，那将是值得关注的。</blockquote></p><p>“We continue to gain more regulatory clarity for cryptoassets in general in the US,” Garrick Hileman, head of research at Blockchain.com, wrote in an email to&nbsp;<i>Barron’s.</i>“More exchanges are also achieving regulatory and compliance parity with Coinbase, with some even exceeding Coinbase in some areas such as gaining bank charters. These developments will erode the signaling value carried by a Coinbase addition compared to times when regulations were murkier and Coinbases possessed a greater compliance lead over its competitors.”</p><p><blockquote>Blockchain.com研究主管Garrick Hileman在给<i>巴伦周刊。</i>“更多的交易所也在实现与Coinbase的监管和合规水平，有些交易所甚至在某些领域超过了Coinbase，例如获得银行牌照。与监管更加模糊和Coinbase拥有比竞争对手更大的合规性领先优势相比，这些发展将削弱Coinbase加入所带来的信号价值。”</blockquote></p><p></p>","source":"lsy1601382232898","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>The ‘Coinbase Effect’ Shows the Company’s Importance, and How It Could Diminish<blockquote>“Coinbase效应”显示了该公司的重要性以及它如何削弱</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\">\nThe ‘Coinbase Effect’ Shows the Company’s Importance, and How It Could Diminish<blockquote>“Coinbase效应”显示了该公司的重要性以及它如何削弱</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-04-13 08:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The promise of cryptocurrencies is that they have no gatekeeper, because control over them is decentralized. But there is at least one gatekeeper that can make or break digital assets.</p><p><blockquote>加密货币的承诺是它们没有看门人，因为对它们的控制是分散的。但至少有一个看门人可以成就或毁掉数字资产。</blockquote></p><p>Coinbase, the dominant U.S. digital asset exchange, plays a big role in what cryptocurrencies gain acceptance and which ones may be left behind.</p><p><blockquote>Coinbase是美国占主导地位的数字资产交易所，在哪些加密货币获得接受以及哪些加密货币可能被抛在后面方面发挥着重要作用。</blockquote></p><p>There are now thousands of coins, and most of them are expected to fail. One path to success runs through Coinbase, whose decision to list or not list an asset can cause enormous price swings. There are now fewer than 60 cryptocurrencies that Coinbase supports for at least some clients, though some are only available in some jurisdictions or for some services. The lack of clear legality for many cryptos means Coinbase’s determinations can be make-or-break for much of the crypto universe.</p><p><blockquote>现在有几千个币，预计大部分都会失败。一条成功之路贯穿Coinbase，其上市或不上市资产的决定可能会导致巨大的价格波动。目前，Coinbase至少为某些客户支持的加密货币不到60种，尽管有些仅在某些司法管辖区或某些服务中可用。许多加密货币缺乏明确的合法性，这意味着Coinbase的决定可能会决定大部分加密货币领域的成败。</blockquote></p><p>The “Coinbase effect” is&nbsp; similar — though different in some key respects — to the role that S&amp;P Dow Jones Indices plays in anointing certain securities to major indexes like the&nbsp;S&amp;P 500.</p><p><blockquote>“比特币基地效应”类似于标准普尔道琼斯指数在将某些证券纳入标准普尔500等主要指数方面所扮演的角色，尽管在一些关键方面有所不同。</blockquote></p><p>Coinbase’s impact is arguably even more important than that of a stock index company, because, unlike stocks, most tokens have not received the blessing of regulators. Getting Coinbase’s imprimatur has become particularly important for many entrepreneurs looking to enter the space — and it’s a crucial factor for investors looking to put money into more cryptocurrencies beyond just the household names like Bitcoin and Ether.</p><p><blockquote>Coinbase的影响可以说甚至比股票指数公司还要重要，因为与股票不同，大多数代币都没有得到监管机构的加持。对于许多希望进入该领域的企业家来说，获得Coinbase的批准变得尤为重要，对于希望将资金投入更多加密货币而不仅仅是比特币和以太等家喻户晓的加密货币的投资者来说，这也是一个至关重要的因素。</blockquote></p><p>Coinbase’s role as a gatekeeper is one gauge of just how important the exchange is to the market — and why&nbsp;its direct stock listing this Wednesday&nbsp;could value the company at more than $100 billion, a remarkably high multiple of its $1.3 billion 2020 revenue.</p><p><blockquote>Coinbase作为看门人的角色是该交易所对市场重要性的一个衡量标准，也是为什么其本周三直接股票上市可能使该公司估值超过1000亿美元，是其2020年13亿美元收入的一个非常高的倍数。</blockquote></p><p>A multiple of 80 times revenue might seem stratospheric for a traditional tech company, but perhaps not so outlandish for a linchpin of an industry now worth $2 trillion.</p><p><blockquote>对于一家传统科技公司来说，80倍的收入似乎很高，但对于一个目前价值2万亿美元的行业的关键人物来说，也许并不那么奇怪。</blockquote></p><p>A report released last month by the crypto research firm Messari found that assets listed on Coinbase had an average gain of 91% in the five days after the listing announcement. That said, the number masks a wide variance in outcomes that is severely skewed by a few outliers. Performance ranged from a 32% drop to a 645% gain. After removing the outliers, Messari found that the average gain was 29%.</p><p><blockquote>加密货币研究公司Messari上个月发布的一份报告发现，在Coinbase上市的资产在上市公告后的五天内平均上涨了91%。也就是说，这个数字掩盖了结果的巨大差异，这种差异被一些异常值严重扭曲。业绩从下降32%到增长645%不等。去除异常值后，Messari发现平均增益为29%。</blockquote></p><p>It’s not just the price effect that matters. A Coinbase listing can open tokens to millions of new users — 56 million people had Coinbase accounts at the end of the first quarter.</p><p><blockquote>重要的不仅仅是价格效应。Coinbase上市可以向数百万新用户开放代币——截至第一季度末，有5600万人拥有Coinbase账户。</blockquote></p><p>Cryptocurrencies are often designed to be more than just assets . Many have utility as tokens in a network that can be used for specific purposes like buying file storage. Shareholders, by comparison, are often passive actors who simply want their stock to rise. Increasing the number of token-holders is doubly important in the crypto world.</p><p><blockquote>加密货币通常不仅仅是资产。许多在网络中用作令牌，可用于特定目的，如购买文件存储。相比之下，股东往往是被动的参与者，他们只是希望自己的股票上涨。在加密世界中，增加代币持有者的数量尤为重要。</blockquote></p><p>For Matthew Liu, the co-founder of Origin Protocol, Coinbase’s decision to list Origin tokens last week was a huge moment.</p><p><blockquote>对于Origin Protocol联合创始人Matthew Liu来说，Coinbase上周决定上市Origin代币是一个重大时刻。</blockquote></p><p>“When Coinbase decides to list you, it’s a very powerful branding effect,” he said in an interview with<i>Barron’s</i>. “That’s one very positive thing. But more important is that Coinbase is an exchange that has millions of users, and many of these users are what we call crypto normals. So a lot of retail people that are just learning about cryptocurrencies. And also very importantly, Coinbase is based in the United States.”</p><p><blockquote>“当Coinbase决定让你上市时，这是一个非常强大的品牌效应，”他在接受采访时表示。<i>巴伦周刊</i>“这是一件非常积极的事情。但更重要的是，Coinbase是一家拥有数百万用户的交易所，其中许多用户是我们看涨期权的加密正常人。所以很多散户刚刚了解加密货币。而且非常重要的是，Coinbase总部位于美国。”</blockquote></p><p>Origin’s ownership base had mostly been outside the U.S., but Liu says he is now likely to get more U.S. users. Origin aims to be a kind of Shopify of the crypto universe, building consumer-friendly applications for complex products like&nbsp;nonfungible tokens(NFTs).</p><p><blockquote>Origin的用户群大多在美国以外，但刘表示，他现在可能会获得更多的美国用户。Origin的目标是成为加密领域的Shopify，为不可伪造代币(NFT)等复杂产品构建消费者友好的应用程序。</blockquote></p><p>The Coinbase listing “allows us to bring our cryptocurrency and commerce products to the US mainstream, which is a very desired audience,” Liu said. “And it’s just a very, very validating moment for us as a company.”</p><p><blockquote>刘说，比特币基地的上市“使我们能够将我们的加密货币和商业产品带到美国主流，这是一个非常受欢迎的受众”。“对于我们公司来说，这是一个非常非常值得验证的时刻。”</blockquote></p><p>Origin’s price went about 30% the day of the announcement, though it has since lost some of that bounce and was down about 6% on Monday.</p><p><blockquote>Origin的价格在消息发布当天上涨了约30%，但此后失去了部分反弹，周一下跌了约6%。</blockquote></p><p>Liu says that Coinbase’s impending listing, set for this Wednesday, makes the timing even more fortuitous, because its public market debut will be “a big validation for the entire cryptocurrency and blockchain industries.”</p><p><blockquote>刘表示，Coinbase即将于本周三上市，这使得这个时机变得更加偶然，因为它的公开市场首次亮相将是“对整个加密货币和区块链行业的一次重大验证”。</blockquote></p><p>“We think that there’s going to be a ton of new entrants into this space,” Liu said.</p><p><blockquote>“我们认为这个领域将会有大量新进入者，”刘说。</blockquote></p><p>Coinbase’s method for deciding whether to list a token is complex and some of it remains mysterious. Asked about his conversations with the company before listing, Liu sent&nbsp;<i>Barron’s</i>&nbsp;the Coinbase blog post&nbsp;about the listing. “I am not at liberty to describe the rest of the listing process,” he added.</p><p><blockquote>Coinbase决定是否上市代币的方法很复杂，其中一些仍然神秘。问及上市前与公司的对话情况，刘发<i>巴伦周刊</i>比特币基地关于上市的博客文章。“我无权描述上市过程的其余部分，”他补充道。</blockquote></p><p>Liu said he wasn’t told of the listing decision until it became public to everyone. Coinbase executives could not speak in detail about the process because of the impending stock listing.</p><p><blockquote>刘说，直到上市决定向所有人公开后，他才被告知。由于股票即将上市，Coinbase高管无法详细谈论这一过程。</blockquote></p><p></p><p>Coinbase allows creators and users of cryptocurrencies&nbsp;to submit applications through a public website&nbsp;and then reviews them for security, legal, and compliance issues. Coinbase can also decide on its own to list cryptocurrencies with or without an application.</p><p><blockquote>Coinbase允许加密货币的创建者和用户通过公共网站提交申请，然后审查其安全性、法律和合规性问题。Coinbase还可以自行决定在有或没有应用程序的情况下列出加密货币。</blockquote></p><p>The process can take weeks and involves such complex issues as reviewing legality in jurisdictions all over the world. In addition, the company has to review the technology behind each protocol and figure out how to make it integrate seamlessly with its platform.</p><p><blockquote>这一过程可能需要数周时间，并涉及审查世界各地司法管辖区的合法性等复杂问题。此外，该公司还必须审查每个协议背后的技术，并弄清楚如何使其与其平台无缝集成。</blockquote></p><p>The process hasn’t always been smooth. Coinbase&nbsp;pulled its listing of XRP, one of the most valuable cryptocurrencies, in December after the U.S. Securities and Exchange Commission sued the company behind the cryptocurrency. And Coinbase’s listing of a Bitcoin spinoff called Bitcoin Cash&nbsp;caused controversy given the rise in the value of Bitcoin Cash prior to the announcement. Coinbase said its internal investigation of activity around that listing, conducted by a law firm, turned up no wrongdoing.</p><p><blockquote>这个过程并不总是一帆风顺。在美国证券交易委员会起诉加密货币背后的公司后，Coinbase于去年12月撤回了最有价值的加密货币之一XRP的上市。鉴于比特币现金的价值在宣布之前上涨，Coinbase在比特币分拆公司比特币现金的上市引起了争议。Coinbase表示，由一家律师事务所对此次上市活动进行的内部调查没有发现任何不当行为。</blockquote></p><p>While Coinbase’s role as a gatekeeper is crucial, it is often dependent on circumstances. Tokens that have a broad user base or are not controversial may not always move much on the Coinbase announcement. The Coinbase effect has less of an impact as it used to, some industry experts said.</p><p><blockquote>虽然Coinbase作为看门人的角色至关重要，但这往往取决于具体情况。拥有广泛用户群或没有争议的代币可能并不总是在Coinbase公告中有太大变化。一些行业专家表示，Coinbase效应的影响不如以前了。</blockquote></p><p>The effect has “diminished significantly” from a few years ago, when Coinbase listed fewer than 10 assets, noted Matt Hougan, chief investment officer of Bitwise Asset Management, a cryptocurrency fund provider. Outside factors can also be important.</p><p><blockquote>加密货币基金提供商Bitwise Asset Management首席投资官马特·霍根(Matt Hougan)指出，与几年前相比，这种影响已经“显着减弱”，当时Coinbase上市的资产不到10种。外部因素也很重要。</blockquote></p><p>The research firm Messari found that the market impact is often dependent on the performance of the wider crypto universe, so a big debut could struggle if Bitcoin and other tokens are having a rough day.</p><p><blockquote>研究公司Messari发现，市场影响往往取决于更广泛的加密领域的表现，因此如果比特币和其他代币经历了艰难的一天，大型首次亮相可能会举步维艰。</blockquote></p><p>In addition, the Coinbase effect may diminish as governments give more regulatory guidance about cryptocurrencies, and as other exchanges grow in prominence. It will be worth watching if the value of Coinbase’s stock changes based on these issues as well.</p><p><blockquote>此外，随着政府对加密货币提供更多监管指导，以及其他交易所日益突出，Coinbase效应可能会减弱。如果Coinbase的股票价值也因这些问题而发生变化，那将是值得关注的。</blockquote></p><p>“We continue to gain more regulatory clarity for cryptoassets in general in the US,” Garrick Hileman, head of research at Blockchain.com, wrote in an email to&nbsp;<i>Barron’s.</i>“More exchanges are also achieving regulatory and compliance parity with Coinbase, with some even exceeding Coinbase in some areas such as gaining bank charters. These developments will erode the signaling value carried by a Coinbase addition compared to times when regulations were murkier and Coinbases possessed a greater compliance lead over its competitors.”</p><p><blockquote>Blockchain.com研究主管Garrick Hileman在给<i>巴伦周刊。</i>“更多的交易所也在实现与Coinbase的监管和合规水平，有些交易所甚至在某些领域超过了Coinbase，例如获得银行牌照。与监管更加模糊和Coinbase拥有比竞争对手更大的合规性领先优势相比，这些发展将削弱Coinbase加入所带来的信号价值。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/the-coinbase-effect-shows-the-companys-importance-and-how-it-could-diminish-51618247558?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.barrons.com/articles/the-coinbase-effect-shows-the-companys-importance-and-how-it-could-diminish-51618247558?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146071431","content_text":"The promise of cryptocurrencies is that they have no gatekeeper, because control over them is decentralized. But there is at least one gatekeeper that can make or break digital assets.Coinbase, the dominant U.S. digital asset exchange, plays a big role in what cryptocurrencies gain acceptance and which ones may be left behind.There are now thousands of coins, and most of them are expected to fail. One path to success runs through Coinbase, whose decision to list or not list an asset can cause enormous price swings. There are now fewer than 60 cryptocurrencies that Coinbase supports for at least some clients, though some are only available in some jurisdictions or for some services. The lack of clear legality for many cryptos means Coinbase’s determinations can be make-or-break for much of the crypto universe.The “Coinbase effect” is  similar — though different in some key respects — to the role that S&P Dow Jones Indices plays in anointing certain securities to major indexes like the S&P 500.Coinbase’s impact is arguably even more important than that of a stock index company, because, unlike stocks, most tokens have not received the blessing of regulators. Getting Coinbase’s imprimatur has become particularly important for many entrepreneurs looking to enter the space — and it’s a crucial factor for investors looking to put money into more cryptocurrencies beyond just the household names like Bitcoin and Ether.Coinbase’s role as a gatekeeper is one gauge of just how important the exchange is to the market — and why its direct stock listing this Wednesday could value the company at more than $100 billion, a remarkably high multiple of its $1.3 billion 2020 revenue.A multiple of 80 times revenue might seem stratospheric for a traditional tech company, but perhaps not so outlandish for a linchpin of an industry now worth $2 trillion.A report released last month by the crypto research firm Messari found that assets listed on Coinbase had an average gain of 91% in the five days after the listing announcement. That said, the number masks a wide variance in outcomes that is severely skewed by a few outliers. Performance ranged from a 32% drop to a 645% gain. After removing the outliers, Messari found that the average gain was 29%.It’s not just the price effect that matters. A Coinbase listing can open tokens to millions of new users — 56 million people had Coinbase accounts at the end of the first quarter.Cryptocurrencies are often designed to be more than just assets . Many have utility as tokens in a network that can be used for specific purposes like buying file storage. Shareholders, by comparison, are often passive actors who simply want their stock to rise. Increasing the number of token-holders is doubly important in the crypto world.For Matthew Liu, the co-founder of Origin Protocol, Coinbase’s decision to list Origin tokens last week was a huge moment.“When Coinbase decides to list you, it’s a very powerful branding effect,” he said in an interview withBarron’s. “That’s one very positive thing. But more important is that Coinbase is an exchange that has millions of users, and many of these users are what we call crypto normals. So a lot of retail people that are just learning about cryptocurrencies. And also very importantly, Coinbase is based in the United States.”Origin’s ownership base had mostly been outside the U.S., but Liu says he is now likely to get more U.S. users. Origin aims to be a kind of Shopify of the crypto universe, building consumer-friendly applications for complex products like nonfungible tokens(NFTs).The Coinbase listing “allows us to bring our cryptocurrency and commerce products to the US mainstream, which is a very desired audience,” Liu said. “And it’s just a very, very validating moment for us as a company.”Origin’s price went about 30% the day of the announcement, though it has since lost some of that bounce and was down about 6% on Monday.Liu says that Coinbase’s impending listing, set for this Wednesday, makes the timing even more fortuitous, because its public market debut will be “a big validation for the entire cryptocurrency and blockchain industries.”“We think that there’s going to be a ton of new entrants into this space,” Liu said.Coinbase’s method for deciding whether to list a token is complex and some of it remains mysterious. Asked about his conversations with the company before listing, Liu sent Barron’s the Coinbase blog post about the listing. “I am not at liberty to describe the rest of the listing process,” he added.Liu said he wasn’t told of the listing decision until it became public to everyone. Coinbase executives could not speak in detail about the process because of the impending stock listing.Coinbase allows creators and users of cryptocurrencies to submit applications through a public website and then reviews them for security, legal, and compliance issues. Coinbase can also decide on its own to list cryptocurrencies with or without an application.The process can take weeks and involves such complex issues as reviewing legality in jurisdictions all over the world. In addition, the company has to review the technology behind each protocol and figure out how to make it integrate seamlessly with its platform.The process hasn’t always been smooth. Coinbase pulled its listing of XRP, one of the most valuable cryptocurrencies, in December after the U.S. Securities and Exchange Commission sued the company behind the cryptocurrency. And Coinbase’s listing of a Bitcoin spinoff called Bitcoin Cash caused controversy given the rise in the value of Bitcoin Cash prior to the announcement. Coinbase said its internal investigation of activity around that listing, conducted by a law firm, turned up no wrongdoing.While Coinbase’s role as a gatekeeper is crucial, it is often dependent on circumstances. Tokens that have a broad user base or are not controversial may not always move much on the Coinbase announcement. The Coinbase effect has less of an impact as it used to, some industry experts said.The effect has “diminished significantly” from a few years ago, when Coinbase listed fewer than 10 assets, noted Matt Hougan, chief investment officer of Bitwise Asset Management, a cryptocurrency fund provider. Outside factors can also be important.The research firm Messari found that the market impact is often dependent on the performance of the wider crypto universe, so a big debut could struggle if Bitcoin and other tokens are having a rough day.In addition, the Coinbase effect may diminish as governments give more regulatory guidance about cryptocurrencies, and as other exchanges grow in prominence. It will be worth watching if the value of Coinbase’s stock changes based on these issues as well.“We continue to gain more regulatory clarity for cryptoassets in general in the US,” Garrick Hileman, head of research at Blockchain.com, wrote in an email to Barron’s.“More exchanges are also achieving regulatory and compliance parity with Coinbase, with some even exceeding Coinbase in some areas such as gaining bank charters. These developments will erode the signaling value carried by a Coinbase addition compared to times when regulations were murkier and Coinbases possessed a greater compliance lead over its competitors.”","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":595,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354211824,"gmtCreate":1617177877268,"gmtModify":1631890440979,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Hmmmm","listText":"Hmmmm","text":"Hmmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/354211824","repostId":"1113806067","repostType":4,"isVote":1,"tweetType":1,"viewCount":655,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355616358,"gmtCreate":1617066493974,"gmtModify":1631892667005,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Good to know","listText":"Good to know","text":"Good to know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/355616358","repostId":"1161784442","repostType":4,"isVote":1,"tweetType":1,"viewCount":428,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804209511,"gmtCreate":1627956416733,"gmtModify":1631888720224,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Good insights","listText":"Good insights","text":"Good insights","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/804209511","repostId":"1189156110","repostType":4,"repost":{"id":"1189156110","kind":"news","pubTimestamp":1627954490,"share":"https://www.laohu8.com/m/news/1189156110?lang=zh_CN&edition=full","pubTime":"2021-08-03 09:34","market":"us","language":"en","title":"Lyft and Uber Report Earnings This Week. Here’s What to Expect.<blockquote>Lyft和优步本周公布财报。这是可以期待的。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1189156110","media":"Barrons","summary":"The recovery in the ride-sharing business is picking up steam. Whether it will be enough to re-energ","content":"<p>The recovery in the ride-sharing business is picking up steam. Whether it will be enough to re-energize investors about Uber Technologies and Lyft, we’ll find out this week.</p><p><blockquote>拼车业务的复苏正在加速。这是否足以重新激发投资者对优步科技和Lyft的兴趣，我们将在本周揭晓。</blockquote></p><p> Lyft (ticker: LYFT) reports June-quarter earnings on Tuesday after the close of trading, with Uber (UBER) following 24 hours later. In both cases, results should show a huge rebound from the year ago quarter, when demand collapsed amid the nearly complete shutdown of consumer and business travel. Talk about your easy comparisons: In the June 2020 quarter,Uber’s revenue fell 33%, while Lyft’s top line&nbsp;dropped 61%, with Uber’s smaller decline reflecting growth in its food-delivery arm.</p><p><blockquote>Lyft（股票代码：Lyft）将于周二收盘后公布6月份季度收益，优步（UBER）将在24小时后公布。在这两种情况下，结果都应该显示出与去年同期相比的巨大反弹，当时由于消费者和商务旅行几乎完全关闭，需求崩溃。谈谈你的简单比较：在2020年6月的季度，Uber的收入下降了33%，而Lyft的营收下降了61%，Uber的降幅较小反映了其食品配送部门的增长。</blockquote></p><p> For the June 2021 quarter, Street estimates call for Uber to post revenue of $3.74 billion, up 67% from a year ago, with Lyft expected to jump 105%, to $696 million. For Uber, Street consensus calls for Rides revenue of $1.7 billion, up 118%, with Eats also projected to be $1.7 billion, up 44%. Neither is expected to be profitable in the quarter: projections call for per-share losses of 51 cents for Uber and 24 cents for Lyft.</p><p><blockquote>Street预计，2021年6月季度，Uber的看涨期权收入将达到37.4亿美元，同比增长67%，Lyft预计将增长105%，达到6.96亿美元。对于Uber来说，街头共识乘车收入评级为17亿美元，增长118%，Eats预计也为17亿美元，增长44%。预计这两家公司本季度都不会盈利：看涨期权预计Uber每股亏损51美分，Lyft每股亏损24美分。</blockquote></p><p> For the year to date through Friday, Lyft stock has risen 13%, while Uber stock has slipped 15%, as investors looking for a reopening bet leaned toward the purer play on a domestic pick up in ride-sharing, rather than the more-diversified bet in Uber. Also weighing on Uber shares: the company’s substantial stake in the China-based ride-sharing company DiDi (DIDI), which has tumbled since its recent initial public offering, after&nbsp;receiving intense scrutinyfrom Chinese regulators.</p><p><blockquote>截至周五的今年以来，Lyft股价已上涨13%，而优步股价则下跌15%，因为寻求重新开放押注的投资者倾向于更纯粹地关注国内拼车业务的复苏，而不是更多。-对优步的多元化押注。同样令优步股价承压的还有：该公司持有的中国拼车公司滴滴出行（DIDI）的大量股份，在受到中国监管机构的严格审查后，该公司自最近首次公开募股以来股价大幅下跌。</blockquote></p><p> On Monday, with earnings just ahead, Gordon Haskett analyst Robert Mollins picked up coverage of both stocks, starting Uber with a Buy rating and $65 target price—which would be a potential return of about 50%—while launching coverage of Lyft with a Hold rating and $59 target price.</p><p><blockquote>周一，随着财报即将公布，Gordon Haskett分析师Robert Mollins对这两只股票进行了评级，对Uber给予买入评级和65美元的目标价（潜在回报率约为50%），同时对Lyft给予持有评级评级和59美元的目标价。</blockquote></p><p> “We view Uber as a company that continues to further ingrain itself in the everyday lives of consumers, which will lead to share gains across both rides and delivery and in turn upward top- and bottom-line revision over the coming years,” Mollins writes in his research note. “In the near-term, Uber offers investors exposure to reopening (rides) and defense against a prolonged Covid backdrop (delivery). Furthermore, we see Uber as well positioned to capitalize on a structural shift toward convenience with its restaurant and grocery delivery offerings. We also believe Uber Freight is an underappreciated business that will become a leader in the freight brokerage industry.”</p><p><blockquote>莫林斯写道：“我们认为优步是一家继续在消费者日常生活中根深蒂固的公司，这将导致乘车和送货的份额增长，进而在未来几年上调营收和利润。”在他的研究报告中。“短期内，Uber为投资者提供了重新开放（乘车）和抵御长期新冠疫情背景（送货）的机会。此外，我们认为Uber也有能力利用其餐厅和杂货送货服务向便利性的结构性转变。我们还相信Uber货运是一项未被充分重视的业务，将成为货运经纪行业的领导者。”</blockquote></p><p> Mollins finds Lyft shares less appealing. While he notes that bears on the stock have been wrong in their view that Lyft can’t effectively compete against Uber, he thinks Lyft’s singular focus on the U.S. ride-sharing market is a disadvantage. He thinks Uber’s “super app” approach will result in market-share gains at Lyft’s expense.</p><p><blockquote>莫林斯发现Lyft股票的吸引力较小。虽然他指出，看空该股的人认为Lyft无法有效与Uber竞争的观点是错误的，但他认为Lyft对美国拼车市场的单一关注是一个劣势。他认为优步的“超级应用”方法将以牺牲Lyft的利益为代价获得市场份额。</blockquote></p><p> As for the June quarter, analysts are generally upbeat about the pending results. Wedbush analyst Dan Ives, who has Outperform ratings on both Uber and Lyft, thinks the reports should provide evidence that the two companies are making progress on their push to reach break-even as measured by earnings before interest, taxes, depreciation and amortization, or Ebitda.</p><p><blockquote>至于六月季度，分析师普遍对即将公布的业绩持乐观态度。Wedbush分析师Dan Ives对Uber和Lyft都给予了跑赢大盘的评级，他认为这些报告应该提供证据，证明这两家公司在努力实现以息税折旧摊销前利润衡量的盈亏平衡方面正在取得进展，或Ebitda。</blockquote></p><p> As noted, the easy comparisons should result in huge growth. “We expect to get good news around underlying ride-sharing demand metrics and profitability outlook despite the delta variant, and expect to see a healthier equilibrium going forward,” Ives writes in a research note. “We view Uber and Lyft as strong names to play the reopening theme.”</p><p><blockquote>如前所述，简单的比较应该会带来巨大的增长。Ives在一份研究报告中写道：“尽管处于德尔塔变异毒株，但我们预计将获得有关基本拼车需求指标和盈利前景的好消息，并预计未来将出现更健康的平衡。”“我们认为优步和Lyft是播放重新开放主题的强有力的名字。”</blockquote></p><p> On Monday, BofA Global Securities analyst Justin Post reiterated his Buy rating and $71 target price on on Uber shares, while lifting his estimates for the quarter. He notes that there are multiple reasons the stock has come under pressure, including perceived risk from the company’s pending&nbsp;Transplace freight logistics acquisition, weakness tied to the company’s DiDi stake, reports that SoftBank has sold a portion of its Uber stake, and concerns about extended wait times and high prices for rides. But he adds that despite all of those concerns, Uber should see estimates ratchet higher as the mobility business improvement and investor sentiment recovers.</p><p><blockquote>周一，美国银行全球证券分析师贾斯汀·波斯特重申了对Uber股票的买入评级和71美元的目标价，同时上调了对本季度的预期。他指出，该股承压的原因有多种，包括该公司即将收购Transplace freight logistics带来的风险、与该公司持有的滴滴股份相关的疲软、软银已出售部分Uber股份的报道以及对延长的担忧等待时间和乘车价格高。但他补充说，尽管存在所有这些担忧，随着移动业务的改善和投资者情绪的恢复，Uber的预期应该会上升。</blockquote></p><p> Uber stock is up 0.1% Monday to $43.49, while Lyft stock is up 1.2%, to $56.</p><p><blockquote>Uber股价周一上涨0.1%，至43.49美元，Lyft股价上涨1.2%，至56美元。</blockquote></p><p></p>","source":"lsy1601382232898","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>Lyft and Uber Report Earnings This Week. Here’s What to Expect.<blockquote>Lyft和优步本周公布财报。这是可以期待的。</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\">\nLyft and Uber Report Earnings This Week. Here’s What to Expect.<blockquote>Lyft和优步本周公布财报。这是可以期待的。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-08-03 09:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The recovery in the ride-sharing business is picking up steam. Whether it will be enough to re-energize investors about Uber Technologies and Lyft, we’ll find out this week.</p><p><blockquote>拼车业务的复苏正在加速。这是否足以重新激发投资者对优步科技和Lyft的兴趣，我们将在本周揭晓。</blockquote></p><p> Lyft (ticker: LYFT) reports June-quarter earnings on Tuesday after the close of trading, with Uber (UBER) following 24 hours later. In both cases, results should show a huge rebound from the year ago quarter, when demand collapsed amid the nearly complete shutdown of consumer and business travel. Talk about your easy comparisons: In the June 2020 quarter,Uber’s revenue fell 33%, while Lyft’s top line&nbsp;dropped 61%, with Uber’s smaller decline reflecting growth in its food-delivery arm.</p><p><blockquote>Lyft（股票代码：Lyft）将于周二收盘后公布6月份季度收益，优步（UBER）将在24小时后公布。在这两种情况下，结果都应该显示出与去年同期相比的巨大反弹，当时由于消费者和商务旅行几乎完全关闭，需求崩溃。谈谈你的简单比较：在2020年6月的季度，Uber的收入下降了33%，而Lyft的营收下降了61%，Uber的降幅较小反映了其食品配送部门的增长。</blockquote></p><p> For the June 2021 quarter, Street estimates call for Uber to post revenue of $3.74 billion, up 67% from a year ago, with Lyft expected to jump 105%, to $696 million. For Uber, Street consensus calls for Rides revenue of $1.7 billion, up 118%, with Eats also projected to be $1.7 billion, up 44%. Neither is expected to be profitable in the quarter: projections call for per-share losses of 51 cents for Uber and 24 cents for Lyft.</p><p><blockquote>Street预计，2021年6月季度，Uber的看涨期权收入将达到37.4亿美元，同比增长67%，Lyft预计将增长105%，达到6.96亿美元。对于Uber来说，街头共识乘车收入评级为17亿美元，增长118%，Eats预计也为17亿美元，增长44%。预计这两家公司本季度都不会盈利：看涨期权预计Uber每股亏损51美分，Lyft每股亏损24美分。</blockquote></p><p> For the year to date through Friday, Lyft stock has risen 13%, while Uber stock has slipped 15%, as investors looking for a reopening bet leaned toward the purer play on a domestic pick up in ride-sharing, rather than the more-diversified bet in Uber. Also weighing on Uber shares: the company’s substantial stake in the China-based ride-sharing company DiDi (DIDI), which has tumbled since its recent initial public offering, after&nbsp;receiving intense scrutinyfrom Chinese regulators.</p><p><blockquote>截至周五的今年以来，Lyft股价已上涨13%，而优步股价则下跌15%，因为寻求重新开放押注的投资者倾向于更纯粹地关注国内拼车业务的复苏，而不是更多。-对优步的多元化押注。同样令优步股价承压的还有：该公司持有的中国拼车公司滴滴出行（DIDI）的大量股份，在受到中国监管机构的严格审查后，该公司自最近首次公开募股以来股价大幅下跌。</blockquote></p><p> On Monday, with earnings just ahead, Gordon Haskett analyst Robert Mollins picked up coverage of both stocks, starting Uber with a Buy rating and $65 target price—which would be a potential return of about 50%—while launching coverage of Lyft with a Hold rating and $59 target price.</p><p><blockquote>周一，随着财报即将公布，Gordon Haskett分析师Robert Mollins对这两只股票进行了评级，对Uber给予买入评级和65美元的目标价（潜在回报率约为50%），同时对Lyft给予持有评级评级和59美元的目标价。</blockquote></p><p> “We view Uber as a company that continues to further ingrain itself in the everyday lives of consumers, which will lead to share gains across both rides and delivery and in turn upward top- and bottom-line revision over the coming years,” Mollins writes in his research note. “In the near-term, Uber offers investors exposure to reopening (rides) and defense against a prolonged Covid backdrop (delivery). Furthermore, we see Uber as well positioned to capitalize on a structural shift toward convenience with its restaurant and grocery delivery offerings. We also believe Uber Freight is an underappreciated business that will become a leader in the freight brokerage industry.”</p><p><blockquote>莫林斯写道：“我们认为优步是一家继续在消费者日常生活中根深蒂固的公司，这将导致乘车和送货的份额增长，进而在未来几年上调营收和利润。”在他的研究报告中。“短期内，Uber为投资者提供了重新开放（乘车）和抵御长期新冠疫情背景（送货）的机会。此外，我们认为Uber也有能力利用其餐厅和杂货送货服务向便利性的结构性转变。我们还相信Uber货运是一项未被充分重视的业务，将成为货运经纪行业的领导者。”</blockquote></p><p> Mollins finds Lyft shares less appealing. While he notes that bears on the stock have been wrong in their view that Lyft can’t effectively compete against Uber, he thinks Lyft’s singular focus on the U.S. ride-sharing market is a disadvantage. He thinks Uber’s “super app” approach will result in market-share gains at Lyft’s expense.</p><p><blockquote>莫林斯发现Lyft股票的吸引力较小。虽然他指出，看空该股的人认为Lyft无法有效与Uber竞争的观点是错误的，但他认为Lyft对美国拼车市场的单一关注是一个劣势。他认为优步的“超级应用”方法将以牺牲Lyft的利益为代价获得市场份额。</blockquote></p><p> As for the June quarter, analysts are generally upbeat about the pending results. Wedbush analyst Dan Ives, who has Outperform ratings on both Uber and Lyft, thinks the reports should provide evidence that the two companies are making progress on their push to reach break-even as measured by earnings before interest, taxes, depreciation and amortization, or Ebitda.</p><p><blockquote>至于六月季度，分析师普遍对即将公布的业绩持乐观态度。Wedbush分析师Dan Ives对Uber和Lyft都给予了跑赢大盘的评级，他认为这些报告应该提供证据，证明这两家公司在努力实现以息税折旧摊销前利润衡量的盈亏平衡方面正在取得进展，或Ebitda。</blockquote></p><p> As noted, the easy comparisons should result in huge growth. “We expect to get good news around underlying ride-sharing demand metrics and profitability outlook despite the delta variant, and expect to see a healthier equilibrium going forward,” Ives writes in a research note. “We view Uber and Lyft as strong names to play the reopening theme.”</p><p><blockquote>如前所述，简单的比较应该会带来巨大的增长。Ives在一份研究报告中写道：“尽管处于德尔塔变异毒株，但我们预计将获得有关基本拼车需求指标和盈利前景的好消息，并预计未来将出现更健康的平衡。”“我们认为优步和Lyft是播放重新开放主题的强有力的名字。”</blockquote></p><p> On Monday, BofA Global Securities analyst Justin Post reiterated his Buy rating and $71 target price on on Uber shares, while lifting his estimates for the quarter. He notes that there are multiple reasons the stock has come under pressure, including perceived risk from the company’s pending&nbsp;Transplace freight logistics acquisition, weakness tied to the company’s DiDi stake, reports that SoftBank has sold a portion of its Uber stake, and concerns about extended wait times and high prices for rides. But he adds that despite all of those concerns, Uber should see estimates ratchet higher as the mobility business improvement and investor sentiment recovers.</p><p><blockquote>周一，美国银行全球证券分析师贾斯汀·波斯特重申了对Uber股票的买入评级和71美元的目标价，同时上调了对本季度的预期。他指出，该股承压的原因有多种，包括该公司即将收购Transplace freight logistics带来的风险、与该公司持有的滴滴股份相关的疲软、软银已出售部分Uber股份的报道以及对延长的担忧等待时间和乘车价格高。但他补充说，尽管存在所有这些担忧，随着移动业务的改善和投资者情绪的恢复，Uber的预期应该会上升。</blockquote></p><p> Uber stock is up 0.1% Monday to $43.49, while Lyft stock is up 1.2%, to $56.</p><p><blockquote>Uber股价周一上涨0.1%，至43.49美元，Lyft股价上涨1.2%，至56美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/lyft-uber-report-earnings-what-to-expect-51627921408?mod=hp_LEADSUPP_1\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","LYFT":"Lyft, Inc."},"source_url":"https://www.barrons.com/articles/lyft-uber-report-earnings-what-to-expect-51627921408?mod=hp_LEADSUPP_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189156110","content_text":"The recovery in the ride-sharing business is picking up steam. Whether it will be enough to re-energize investors about Uber Technologies and Lyft, we’ll find out this week.\nLyft (ticker: LYFT) reports June-quarter earnings on Tuesday after the close of trading, with Uber (UBER) following 24 hours later. In both cases, results should show a huge rebound from the year ago quarter, when demand collapsed amid the nearly complete shutdown of consumer and business travel. Talk about your easy comparisons: In the June 2020 quarter,Uber’s revenue fell 33%, while Lyft’s top line dropped 61%, with Uber’s smaller decline reflecting growth in its food-delivery arm.\nFor the June 2021 quarter, Street estimates call for Uber to post revenue of $3.74 billion, up 67% from a year ago, with Lyft expected to jump 105%, to $696 million. For Uber, Street consensus calls for Rides revenue of $1.7 billion, up 118%, with Eats also projected to be $1.7 billion, up 44%. Neither is expected to be profitable in the quarter: projections call for per-share losses of 51 cents for Uber and 24 cents for Lyft.\nFor the year to date through Friday, Lyft stock has risen 13%, while Uber stock has slipped 15%, as investors looking for a reopening bet leaned toward the purer play on a domestic pick up in ride-sharing, rather than the more-diversified bet in Uber. Also weighing on Uber shares: the company’s substantial stake in the China-based ride-sharing company DiDi (DIDI), which has tumbled since its recent initial public offering, after receiving intense scrutinyfrom Chinese regulators.\nOn Monday, with earnings just ahead, Gordon Haskett analyst Robert Mollins picked up coverage of both stocks, starting Uber with a Buy rating and $65 target price—which would be a potential return of about 50%—while launching coverage of Lyft with a Hold rating and $59 target price.\n“We view Uber as a company that continues to further ingrain itself in the everyday lives of consumers, which will lead to share gains across both rides and delivery and in turn upward top- and bottom-line revision over the coming years,” Mollins writes in his research note. “In the near-term, Uber offers investors exposure to reopening (rides) and defense against a prolonged Covid backdrop (delivery). Furthermore, we see Uber as well positioned to capitalize on a structural shift toward convenience with its restaurant and grocery delivery offerings. We also believe Uber Freight is an underappreciated business that will become a leader in the freight brokerage industry.”\nMollins finds Lyft shares less appealing. While he notes that bears on the stock have been wrong in their view that Lyft can’t effectively compete against Uber, he thinks Lyft’s singular focus on the U.S. ride-sharing market is a disadvantage. He thinks Uber’s “super app” approach will result in market-share gains at Lyft’s expense.\nAs for the June quarter, analysts are generally upbeat about the pending results. Wedbush analyst Dan Ives, who has Outperform ratings on both Uber and Lyft, thinks the reports should provide evidence that the two companies are making progress on their push to reach break-even as measured by earnings before interest, taxes, depreciation and amortization, or Ebitda.\nAs noted, the easy comparisons should result in huge growth. “We expect to get good news around underlying ride-sharing demand metrics and profitability outlook despite the delta variant, and expect to see a healthier equilibrium going forward,” Ives writes in a research note. “We view Uber and Lyft as strong names to play the reopening theme.”\nOn Monday, BofA Global Securities analyst Justin Post reiterated his Buy rating and $71 target price on on Uber shares, while lifting his estimates for the quarter. He notes that there are multiple reasons the stock has come under pressure, including perceived risk from the company’s pending Transplace freight logistics acquisition, weakness tied to the company’s DiDi stake, reports that SoftBank has sold a portion of its Uber stake, and concerns about extended wait times and high prices for rides. But he adds that despite all of those concerns, Uber should see estimates ratchet higher as the mobility business improvement and investor sentiment recovers.\nUber stock is up 0.1% Monday to $43.49, while Lyft stock is up 1.2%, to $56.","news_type":1,"symbols_score_info":{"UBER":0.9,"LYFT":0.9}},"isVote":1,"tweetType":1,"viewCount":3861,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359182757,"gmtCreate":1616374178179,"gmtModify":1631892667044,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"[强]&nbsp;","listText":"[强]&nbsp;","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/359182757","repostId":"2120118892","repostType":4,"isVote":1,"tweetType":1,"viewCount":1088,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":354129240,"gmtCreate":1617152768980,"gmtModify":1631890440984,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/354129240","repostId":"2123210536","repostType":4,"isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106033201,"gmtCreate":1620064610103,"gmtModify":1631888720266,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/106033201","repostId":"2132594900","repostType":4,"isVote":1,"tweetType":1,"viewCount":1334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372086408,"gmtCreate":1619158365504,"gmtModify":1631888720346,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/372086408","repostId":"1156160106","repostType":4,"repost":{"id":"1156160106","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1619155584,"share":"https://www.laohu8.com/m/news/1156160106?lang=zh_CN&edition=full","pubTime":"2021-04-23 13:26","market":"us","language":"en","title":"Tesla Hit As The QQQ, SPY And DIA All Fell Today. Here's Why<blockquote>特斯拉受到打击，QQQ、SPDR标普500指数ETF和DIA今天均下跌。原因如下</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1156160106","media":"Benzinga","summary":"U.S. indices traded lower Thursday on reports President Biden will propose a capital gains tax for t","content":"<p>U.S. indices&nbsp;traded&nbsp;lower Thursday&nbsp;on reports President Biden will propose a capital gains tax for the wealthy of up to 43.4%, which is higher than the previous proposal of 39.5%.</p><p><blockquote>有报道称，拜登总统将提议对富人征收高达43.4%的资本利得税，高于之前提议的39.5%，美国股指周四走低。</blockquote></p><p> <ul>  <li>The<b>Invesco QQQ Trust Series 1</b>(NASDAQ:QQQ) fell by 1.21% at $335.20.</li>  <li>The<b>SPDR S&amp;P 500 ETF Trust</b>(NASDAQ:SPY) closed lower by 0.91% at $412.27.</li>  <li>The<b>SPDR Dow Jones Industrial Average ETF Trust</b>(NASDAQ:DIA) finished lower by 0.93% at $338.12.</li> </ul> Here are the day's winners and losers from the QQQ, according to data fromBenzinga Pro.</p><p><blockquote><ul><li>The<b>景顺QQQ信托系列1</b>（纳斯达克：QQQ）跌1.21%，报335.20美元。</li><li>The<b>SPDR标普500 ETF信托</b>（纳斯达克：SPDR标普500指数ETF）收跌0.91%，报412.27美元。</li><li>The<b>SPDR道琼斯工业平均指数ETF信托</b>（纳斯达克：DIA）收跌0.93%，报338.12美元。</li></ul>根据Benzinga Pro的数据，以下是当天QQQ的赢家和输家。</blockquote></p><p> Gainers for the QQQ were few and far between:<b>NetEase Inc</b>(NASDAQ:NTES),<b>Marriott International Inc</b>(NASDAQ:MAR) and<b>Illumina, Inc.</b>(NASDAQ:ILMN) were among the only names positive for the day.</p><p><blockquote>QQQ的赢家很少：<b>网易公司</b>（纳斯达克：NTES），<b>万豪国际公司</b>（纳斯达克：三月）及<b>Illumina公司。</b>（纳斯达克：ILMN）是当天唯一积极的名字之一。</blockquote></p><p> <b>Micron Technology, Inc.</b>(NASDAQ:MU),<b>NVIDIA Corporation</b>(NASDAQ:NVDA) and<b>Tesla Inc</b>(NASDAQ:TSLA) were a few of the notable laggards for the QQQ.</p><p><blockquote><b>美光科技公司。</b>（纳斯达克：MU），<b>英伟达公司</b>（纳斯达克：NVDA）和<b>特斯拉公司</b>（纳斯达克：TSLA）是QQQ的几个显着落后者。</blockquote></p><p> Tesla shares were trading lower after U.S. senators voiced concern over possible emerging safety concerns related to Tesla products. Weakness is also due to an overall market dip.</p><p><blockquote>在美国参议员对特斯拉产品可能出现的安全问题表示担忧后，特斯拉股价走低。疲软也是由于整体市场下跌。</blockquote></p><p> Elsewhere On The Street</p><p><blockquote>在街上的其他地方</blockquote></p><p> <b>AMC Entertainment Holdings Inc.</b>(NYSE:AMC) started trending Thursday, most likely after the stock gapped higher. AMC is one of the stocks at the center of the investing movement driven by the Reddit page WallStreetBets along with other popular stocks…</p><p><blockquote><b>AMC院线控股公司。</b>（纽约证券交易所股票代码：AMC）周四开始上涨，很可能是在该股跳空走高之后。AMC与其他热门股票一样，是Reddit页面WallStreetBets推动的投资运动的中心股票之一……</blockquote></p><p> <b>Walt Disney Co</b>&nbsp;(NYSE:AMC) and<b>Sony Group Corporation’s</b>(NYSE:SNE) Sony Pictures Entertainment said they have entered into a multi-year content licensing deal that will give Disney U.S. streaming and television rights for “Spider-Man” and other…</p><p><blockquote><b>迪斯尼公司</b>（纽约证券交易所代码：AMC）和<b>索尼集团公司</b>（纽约证券交易所股票代码：SNE）索尼影视娱乐公司表示，他们已达成一项多年内容许可协议，将授予迪士尼《蜘蛛侠》和其他电影的美国流媒体和电视版权……</blockquote></p><p> Chinese electric vehicle maker<b>Nio Inc.’s</b>(NYSE:NIO) CEO William Li thinks Tesla&nbsp;is the biggest beneficiary of Chinese regulations. Li told the BBC&nbsp;the U.S. electric vehicle maker has been the biggest beneficiary of the Chinese government’s efforts to spur development…</p><p><blockquote>中国电动汽车制造商<b>蔚来的</b>（纽约证券交易所代码：蔚来）首席执行官William Li认为特斯拉是中国监管的最大受益者。李告诉BBC，这家美国电动汽车制造商一直是中国政府刺激发展努力的最大受益者……</blockquote></p><p></p>","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>Tesla Hit As The QQQ, SPY And DIA All Fell Today. Here's Why<blockquote>特斯拉受到打击，QQQ、SPDR标普500指数ETF和DIA今天均下跌。原因如下</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\">\nTesla Hit As The QQQ, SPY And DIA All Fell Today. Here's Why<blockquote>特斯拉受到打击，QQQ、SPDR标普500指数ETF和DIA今天均下跌。原因如下</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-04-23 13:26</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>U.S. indices&nbsp;traded&nbsp;lower Thursday&nbsp;on reports President Biden will propose a capital gains tax for the wealthy of up to 43.4%, which is higher than the previous proposal of 39.5%.</p><p><blockquote>有报道称，拜登总统将提议对富人征收高达43.4%的资本利得税，高于之前提议的39.5%，美国股指周四走低。</blockquote></p><p> <ul>  <li>The<b>Invesco QQQ Trust Series 1</b>(NASDAQ:QQQ) fell by 1.21% at $335.20.</li>  <li>The<b>SPDR S&amp;P 500 ETF Trust</b>(NASDAQ:SPY) closed lower by 0.91% at $412.27.</li>  <li>The<b>SPDR Dow Jones Industrial Average ETF Trust</b>(NASDAQ:DIA) finished lower by 0.93% at $338.12.</li> </ul> Here are the day's winners and losers from the QQQ, according to data fromBenzinga Pro.</p><p><blockquote><ul><li>The<b>景顺QQQ信托系列1</b>（纳斯达克：QQQ）跌1.21%，报335.20美元。</li><li>The<b>SPDR标普500 ETF信托</b>（纳斯达克：SPDR标普500指数ETF）收跌0.91%，报412.27美元。</li><li>The<b>SPDR道琼斯工业平均指数ETF信托</b>（纳斯达克：DIA）收跌0.93%，报338.12美元。</li></ul>根据Benzinga Pro的数据，以下是当天QQQ的赢家和输家。</blockquote></p><p> Gainers for the QQQ were few and far between:<b>NetEase Inc</b>(NASDAQ:NTES),<b>Marriott International Inc</b>(NASDAQ:MAR) and<b>Illumina, Inc.</b>(NASDAQ:ILMN) were among the only names positive for the day.</p><p><blockquote>QQQ的赢家很少：<b>网易公司</b>（纳斯达克：NTES），<b>万豪国际公司</b>（纳斯达克：三月）及<b>Illumina公司。</b>（纳斯达克：ILMN）是当天唯一积极的名字之一。</blockquote></p><p> <b>Micron Technology, Inc.</b>(NASDAQ:MU),<b>NVIDIA Corporation</b>(NASDAQ:NVDA) and<b>Tesla Inc</b>(NASDAQ:TSLA) were a few of the notable laggards for the QQQ.</p><p><blockquote><b>美光科技公司。</b>（纳斯达克：MU），<b>英伟达公司</b>（纳斯达克：NVDA）和<b>特斯拉公司</b>（纳斯达克：TSLA）是QQQ的几个显着落后者。</blockquote></p><p> Tesla shares were trading lower after U.S. senators voiced concern over possible emerging safety concerns related to Tesla products. Weakness is also due to an overall market dip.</p><p><blockquote>在美国参议员对特斯拉产品可能出现的安全问题表示担忧后，特斯拉股价走低。疲软也是由于整体市场下跌。</blockquote></p><p> Elsewhere On The Street</p><p><blockquote>在街上的其他地方</blockquote></p><p> <b>AMC Entertainment Holdings Inc.</b>(NYSE:AMC) started trending Thursday, most likely after the stock gapped higher. AMC is one of the stocks at the center of the investing movement driven by the Reddit page WallStreetBets along with other popular stocks…</p><p><blockquote><b>AMC院线控股公司。</b>（纽约证券交易所股票代码：AMC）周四开始上涨，很可能是在该股跳空走高之后。AMC与其他热门股票一样，是Reddit页面WallStreetBets推动的投资运动的中心股票之一……</blockquote></p><p> <b>Walt Disney Co</b>&nbsp;(NYSE:AMC) and<b>Sony Group Corporation’s</b>(NYSE:SNE) Sony Pictures Entertainment said they have entered into a multi-year content licensing deal that will give Disney U.S. streaming and television rights for “Spider-Man” and other…</p><p><blockquote><b>迪斯尼公司</b>（纽约证券交易所代码：AMC）和<b>索尼集团公司</b>（纽约证券交易所股票代码：SNE）索尼影视娱乐公司表示，他们已达成一项多年内容许可协议，将授予迪士尼《蜘蛛侠》和其他电影的美国流媒体和电视版权……</blockquote></p><p> Chinese electric vehicle maker<b>Nio Inc.’s</b>(NYSE:NIO) CEO William Li thinks Tesla&nbsp;is the biggest beneficiary of Chinese regulations. Li told the BBC&nbsp;the U.S. electric vehicle maker has been the biggest beneficiary of the Chinese government’s efforts to spur development…</p><p><blockquote>中国电动汽车制造商<b>蔚来的</b>（纽约证券交易所代码：蔚来）首席执行官William Li认为特斯拉是中国监管的最大受益者。李告诉BBC，这家美国电动汽车制造商一直是中国政府刺激发展努力的最大受益者……</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156160106","content_text":"U.S. indices traded lower Thursday on reports President Biden will propose a capital gains tax for the wealthy of up to 43.4%, which is higher than the previous proposal of 39.5%.\n\nTheInvesco QQQ Trust Series 1(NASDAQ:QQQ) fell by 1.21% at $335.20.\nTheSPDR S&P 500 ETF Trust(NASDAQ:SPY) closed lower by 0.91% at $412.27.\nTheSPDR Dow Jones Industrial Average ETF Trust(NASDAQ:DIA) finished lower by 0.93% at $338.12.\n\nHere are the day's winners and losers from the QQQ, according to data fromBenzinga Pro.\nGainers for the QQQ were few and far between:NetEase Inc(NASDAQ:NTES),Marriott International Inc(NASDAQ:MAR) andIllumina, Inc.(NASDAQ:ILMN) were among the only names positive for the day.\nMicron Technology, Inc.(NASDAQ:MU),NVIDIA Corporation(NASDAQ:NVDA) andTesla Inc(NASDAQ:TSLA) were a few of the notable laggards for the QQQ.\nTesla shares were trading lower after U.S. senators voiced concern over possible emerging safety concerns related to Tesla products. Weakness is also due to an overall market dip.\nElsewhere On The Street\nAMC Entertainment Holdings Inc.(NYSE:AMC) started trending Thursday, most likely after the stock gapped higher. AMC is one of the stocks at the center of the investing movement driven by the Reddit page WallStreetBets along with other popular stocks…\nWalt Disney Co (NYSE:AMC) andSony Group Corporation’s(NYSE:SNE) Sony Pictures Entertainment said they have entered into a multi-year content licensing deal that will give Disney U.S. streaming and television rights for “Spider-Man” and other…\nChinese electric vehicle makerNio Inc.’s(NYSE:NIO) CEO William Li thinks Tesla is the biggest beneficiary of Chinese regulations. Li told the BBC the U.S. electric vehicle maker has been the biggest beneficiary of the Chinese government’s efforts to spur development…","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":3808,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347342966,"gmtCreate":1618469605155,"gmtModify":1631887921528,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ME8U.SI\">$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$</a>.....","listText":"<a href=\"https://laohu8.com/S/ME8U.SI\">$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$</a>.....","text":"$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$.....","images":[{"img":"https://static.tigerbbs.com/3676647355e961521b9bd4702064bf38","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/347342966","isVote":1,"tweetType":1,"viewCount":667,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":354129659,"gmtCreate":1617152749971,"gmtModify":1631892666994,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/354129659","repostId":"2123881243","repostType":4,"isVote":1,"tweetType":1,"viewCount":660,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352444719,"gmtCreate":1616998787031,"gmtModify":1631892667018,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Bad news","listText":"Bad news","text":"Bad news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/352444719","repostId":"2123380212","repostType":4,"isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":119748234,"gmtCreate":1622570565428,"gmtModify":1631888720232,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Good read","listText":"Good read","text":"Good 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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618579826,"share":"https://www.laohu8.com/m/news/1145242426?lang=zh_CN&edition=full","pubTime":"2021-04-16 21:30","market":"us","language":"en","title":"U.S. stocks gained in Friday open. Blockchain stocks fell<blockquote>美国股市周五开盘上涨。区块链股票下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1145242426","media":"Tiger Newspress","summary":"(April 16) U.S. stocks shot higher at the open Friday, aiming for fresh records, as economic reports","content":"<p>(April 16)&nbsp;U.S. stocks shot higher at the open Friday, aiming for fresh records, as economic reports and corporate results remained strong. S&amp;P 500 edges higher to another all-time high, on pace for 4th straight positive week.</p><p><blockquote>（四月十六日）美国。由于经济报告和企业业绩依然强劲，股市周五开盘走高，有望创下新纪录。标普500小幅走高，再创历史新高，连续第四周上涨。</blockquote></p><p>The Dow Jones Industrial Average added 157 points, 0.5%, to open near 34,193, while the S&amp;P 500 added 15 points, 0.4%, starting trading near 4,185. Both indexes clinched record closes Thursday. The Nasdaq Composite index,&nbsp; meanwhile, ticked up 0.1%, about 15 points, to trade near 14,053.</p><p><blockquote>道琼斯工业平均指数上涨157点，涨幅0.5%，开盘于34,193点附近；标普500上涨15点，涨幅0.4%，开盘于4,185点附近。这两个指数周四均创下收盘纪录。与此同时，纳斯达克综合指数上涨0.1%，约15点，至14,053点附近。</blockquote></p><p>The pace of residential construction quickened in March, according to the most recent housing starts report and Morgan Stanley said profit doubled in the first quarter, topping analyst expectations.</p><p><blockquote>根据最新的新屋开工报告，3月份住宅建设步伐加快，摩根士丹利表示，第一季度利润翻了一番，超出了分析师的预期。</blockquote></p><p>Bitcoin slides,&nbsp;Blockchain stocks fell.&nbsp;</p><p><blockquote>比特币下滑，区块链股票下跌。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/86da6884447eed1c7e8c7b86db77eb7f\" tg-width=\"313\" tg-height=\"361\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 09:37</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade，美国东部时间09:37</span></p></blockquote></p><p></p>","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>U.S. stocks gained in Friday open. Blockchain stocks fell<blockquote>美国股市周五开盘上涨。区块链股票下跌</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\">\nU.S. stocks gained in Friday open. Blockchain stocks fell<blockquote>美国股市周五开盘上涨。区块链股票下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-16 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(April 16)&nbsp;U.S. stocks shot higher at the open Friday, aiming for fresh records, as economic reports and corporate results remained strong. S&amp;P 500 edges higher to another all-time high, on pace for 4th straight positive week.</p><p><blockquote>（四月十六日）美国。由于经济报告和企业业绩依然强劲，股市周五开盘走高，有望创下新纪录。标普500小幅走高，再创历史新高，连续第四周上涨。</blockquote></p><p>The Dow Jones Industrial Average added 157 points, 0.5%, to open near 34,193, while the S&amp;P 500 added 15 points, 0.4%, starting trading near 4,185. Both indexes clinched record closes Thursday. The Nasdaq Composite index,&nbsp; meanwhile, ticked up 0.1%, about 15 points, to trade near 14,053.</p><p><blockquote>道琼斯工业平均指数上涨157点，涨幅0.5%，开盘于34,193点附近；标普500上涨15点，涨幅0.4%，开盘于4,185点附近。这两个指数周四均创下收盘纪录。与此同时，纳斯达克综合指数上涨0.1%，约15点，至14,053点附近。</blockquote></p><p>The pace of residential construction quickened in March, according to the most recent housing starts report and Morgan Stanley said profit doubled in the first quarter, topping analyst expectations.</p><p><blockquote>根据最新的新屋开工报告，3月份住宅建设步伐加快，摩根士丹利表示，第一季度利润翻了一番，超出了分析师的预期。</blockquote></p><p>Bitcoin slides,&nbsp;Blockchain stocks fell.&nbsp;</p><p><blockquote>比特币下滑，区块链股票下跌。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/86da6884447eed1c7e8c7b86db77eb7f\" tg-width=\"313\" tg-height=\"361\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 09:37</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade，美国东部时间09:37</span></p></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145242426","content_text":"(April 16) U.S. stocks shot higher at the open Friday, aiming for fresh records, as economic reports and corporate results remained strong. S&P 500 edges higher to another all-time high, on pace for 4th straight positive week.The Dow Jones Industrial Average added 157 points, 0.5%, to open near 34,193, while the S&P 500 added 15 points, 0.4%, starting trading near 4,185. Both indexes clinched record closes Thursday. The Nasdaq Composite index,  meanwhile, ticked up 0.1%, about 15 points, to trade near 14,053.The pace of residential construction quickened in March, according to the most recent housing starts report and Morgan Stanley said profit doubled in the first quarter, topping analyst expectations.Bitcoin slides, Blockchain stocks fell. *Source From Tiger Trade, EST 09:37","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":764,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344354642,"gmtCreate":1618380106486,"gmtModify":1631890440965,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/344354642","repostId":"2127045633","repostType":4,"isVote":1,"tweetType":1,"viewCount":699,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345486531,"gmtCreate":1618329967923,"gmtModify":1631890440969,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/345486531","repostId":"1112150823","repostType":4,"repost":{"id":"1112150823","kind":"news","pubTimestamp":1618329402,"share":"https://www.laohu8.com/m/news/1112150823?lang=zh_CN&edition=full","pubTime":"2021-04-13 23:56","market":"us","language":"en","title":"Monetary Policy Blunder: Not Managing Economic & Financial Outcomes Equally<blockquote>货币政策失误：没有平等管理经济和金融结果</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112150823","media":"zerohedge","summary":"Actual economic outcomes and not forecasted onesare the new policy of the Federal Reserve. Yet, this","content":"<p><b>Actual economic outcomes and not forecasted ones</b>are the new policy of the Federal Reserve. Yet, this strategy's flaw is that it is<b>limited to economic outcomes and overlooks or ignores financial ones.</b>It is not a coincidence that the last two recessions resulted from asset price imbalances rather than too much general inflation.</p><p><blockquote><b>实际经济结果和非预测结果</b>是美联储的新政策。然而，这种策略的缺陷在于<b>局限于经济结果，而忽略或忽略金融结果。</b>过去两次衰退是由资产价格失衡而不是过度的普遍通胀造成的，这并非巧合。</blockquote></p><p> <b>Failure to look at asset market outcomes &amp; excesses as an equal cause of adverse outcomes only increases the odds it will reoccur.</b></p><p><blockquote><b>未能将资产市场结果和过度行为视为不利结果的同等原因，只会增加其再次发生的可能性。</b></blockquote></p><p> In a recent interview at Barron's, Ms. Mary Daly, President of the San Francisco Federal Reserve Bank, was asked about the red-hot housing market and whether the Fed should adjust its buying mortgage securities fueling home-buying. Ms. Daly said, \"People getting into housing because interest rates are lower and they can afford a mortgage is a positive development...One of the transmission mechanisms we have is to lower the interest rate. ....It has worked well. ....I see this as a Federal Reserve win. Our monetary policy transmission mechanism is working.\"</p><p><blockquote>旧金山联邦储备银行行长玛丽·戴利女士最近在接受《巴伦周刊》采访时被问及火热的房地产市场以及美联储是否应该调整购买抵押贷款证券以刺激购房。Daly女士说，“人们因为利率较低并且能够负担得起抵押贷款而进入住房，这是一个积极的发展……我们拥有的传导机制之一就是降低利率。……效果很好。……我认为这是美联储的胜利。我们的货币政策传导机制正在发挥作用。”</blockquote></p><p> The house price index published by the Federal Housing Finance Agency (FHFA) is up 12% in the last twelve months. During the 2000s housing bubble, the fastest one-year increase in housing prices occurred in 2005 when prices rose 10.4%. The current house price surge is 160 basis points above the bubble surge, and the residential real estate market value is also one-third higher than the peak of the housing bubble.</p><p><blockquote>联邦住房金融局(FHFA)公布的房价指数在过去12个月中上涨了12%。在2000年代的房地产泡沫期间，房价一年涨幅最快的是2005年，当时房价上涨了10.4%。目前的房价暴涨比泡沫暴涨高出160个基点，住宅地产市值也比房产泡沫峰值高出三分之一。</blockquote></p><p> <b>Yet, Ms. Daly sees no adverse risks in providing more monetary fuel to housing as her priorities are \"to make sure that every American who wants a job has one, and inflation gets back to the average 2% inflation target.\"</b>The Fed dismissed the red-hot housing market's dangers in the 2000s, only to confront the financial system's near-collapse when house prices fell hard. That proved to be a significant policy error, and the risk of another one is growing with each passing day.</p><p><blockquote><b>然而，戴利女士认为为住房提供更多货币燃料不会带来不利风险，因为她的首要任务是“确保每个想要工作的美国人都有一份工作，并且通胀回到2%的平均通胀目标。”</b>美联储对2000年代炙手可热的房地产市场的危险不屑一顾，却在房价大幅下跌时面临金融体系近乎崩溃的局面。事实证明，这是一个重大的政策错误，而且另一个错误的风险与日俱增。</blockquote></p><p> With equity markets at record levels, policymakers at least acknowledge elevated levels. Still, they are reluctant to act to dampen investor enthusiasm and speculation. Federal Reserve Bank of Dallas President Robert Kaplan recently commented, \"There's no question that financial assets, broadly, are at elevated valuation levels.\" He was concerned \"about excess risking and if excess risk-taking goes too far, whether it creates excesses or imbalances, that could ultimately create challenges..\" Yet, Mr. Kaplan said he was willing to wait until 2022 to raise official rates, and even then by only 25 basis points.</p><p><blockquote>随着股市处于创纪录水平，政策制定者至少承认股市水平有所上升。尽管如此，他们还是不愿意采取行动来抑制投资者的热情和投机。达拉斯联邦储备银行行长罗伯特·卡普兰最近评论道，“毫无疑问，金融资产总体上处于较高的估值水平。”他担心“过度冒险，如果过度冒险走得太远，无论是造成过度还是失衡，最终都可能带来挑战。”然而，卡普兰表示，他愿意等到2022年才加息，即使到那时也只加息25个基点。</blockquote></p><p> Painting by the numbers: domestic equities' market value has increased 50% or $16 trillion to $48.7 trillion in the past two years.<b>At the end of 2020, the equities' domestic market valuation was 2.3X times Nominal GDP, a new record high and 50 basis points (or $10 trillion) higher than the prior record during the tech bubble peak in 2000.</b>Finance and the economy are more interconnected nowadays than in 2000, so a sharp pullback in equity values would have a more significant adverse impact.</p><p><blockquote>数字描绘：过去两年，国内股票市值增长了50%，即16万亿美元，达到48.7万亿美元。<b>截至2020年底，国内股市估值是名义GDP的2.3倍，创下历史新高，比2000年科技泡沫高峰期间的纪录高出50个基点（或10万亿美元）。</b>如今，金融和经济的联系比2000年更加紧密，因此股票价值的大幅回调将产生更大的不利影响。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/282d05e1348f989bb00f6fb5d16e91c6\" tg-width=\"500\" tg-height=\"296\"><b>Not all asset price bubbles are alike. But after experiencing two in the past 20 years, the characteristics of bubbles are known.</b>During the tech and housing bubbles, the Federal Reserve view was to ignore the elevated asset prices. That's because most thought if a speculative asset bubble burst, policymakers could quickly bring down official rates to alleviate the broader economy's damage. In hindsight, that proved to be poor judgment since both the tech and housing bubbles triggered an economic recession, with a near-collapse in the financial system following the housing bust.</p><p><blockquote><b>并非所有资产价格泡沫都是一样的。但在过去20年经历了两次之后，泡沫的特征就知道了。</b>在科技和房地产泡沫期间，美联储的观点是忽视资产价格的上涨。这是因为大多数人认为，如果投机性资产泡沫破裂，政策制定者可以迅速降低官方利率，以减轻更广泛经济的损害。事后看来，这被证明是一个糟糕的判断，因为科技和房地产泡沫都引发了经济衰退，房地产泡沫后金融体系几近崩溃。</blockquote></p><p> The Fed's easy-money policy has put a lot of wind at the backs of the asset markets.<b>It's striking to see the Fed's willingness to maintain the scale of monetary accommodation, especially given their poor record with asset bubbles.</b>Monetary policy (i.e., official rates) may be too blunt of a tool for practical use to deflate bubbles, but that does not mean a policy of low rates can't create them.</p><p><blockquote>美联储的宽松货币政策给资产市场带来了很大的压力。<b>看到美联储维持货币宽松规模的意愿令人震惊，特别是考虑到他们在资产泡沫方面的不良记录。</b>货币政策（即官方利率）可能过于生硬，无法实际用于消除泡沫，但这并不意味着低利率政策不能制造泡沫。</blockquote></p><p></p>","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>Monetary Policy Blunder: Not Managing Economic & Financial Outcomes Equally<blockquote>货币政策失误：没有平等管理经济和金融结果</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\">\nMonetary Policy Blunder: Not Managing Economic & Financial Outcomes Equally<blockquote>货币政策失误：没有平等管理经济和金融结果</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-04-13 23:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Actual economic outcomes and not forecasted ones</b>are the new policy of the Federal Reserve. Yet, this strategy's flaw is that it is<b>limited to economic outcomes and overlooks or ignores financial ones.</b>It is not a coincidence that the last two recessions resulted from asset price imbalances rather than too much general inflation.</p><p><blockquote><b>实际经济结果和非预测结果</b>是美联储的新政策。然而，这种策略的缺陷在于<b>局限于经济结果，而忽略或忽略金融结果。</b>过去两次衰退是由资产价格失衡而不是过度的普遍通胀造成的，这并非巧合。</blockquote></p><p> <b>Failure to look at asset market outcomes &amp; excesses as an equal cause of adverse outcomes only increases the odds it will reoccur.</b></p><p><blockquote><b>未能将资产市场结果和过度行为视为不利结果的同等原因，只会增加其再次发生的可能性。</b></blockquote></p><p> In a recent interview at Barron's, Ms. Mary Daly, President of the San Francisco Federal Reserve Bank, was asked about the red-hot housing market and whether the Fed should adjust its buying mortgage securities fueling home-buying. Ms. Daly said, \"People getting into housing because interest rates are lower and they can afford a mortgage is a positive development...One of the transmission mechanisms we have is to lower the interest rate. ....It has worked well. ....I see this as a Federal Reserve win. Our monetary policy transmission mechanism is working.\"</p><p><blockquote>旧金山联邦储备银行行长玛丽·戴利女士最近在接受《巴伦周刊》采访时被问及火热的房地产市场以及美联储是否应该调整购买抵押贷款证券以刺激购房。Daly女士说，“人们因为利率较低并且能够负担得起抵押贷款而进入住房，这是一个积极的发展……我们拥有的传导机制之一就是降低利率。……效果很好。……我认为这是美联储的胜利。我们的货币政策传导机制正在发挥作用。”</blockquote></p><p> The house price index published by the Federal Housing Finance Agency (FHFA) is up 12% in the last twelve months. During the 2000s housing bubble, the fastest one-year increase in housing prices occurred in 2005 when prices rose 10.4%. The current house price surge is 160 basis points above the bubble surge, and the residential real estate market value is also one-third higher than the peak of the housing bubble.</p><p><blockquote>联邦住房金融局(FHFA)公布的房价指数在过去12个月中上涨了12%。在2000年代的房地产泡沫期间，房价一年涨幅最快的是2005年，当时房价上涨了10.4%。目前的房价暴涨比泡沫暴涨高出160个基点，住宅地产市值也比房产泡沫峰值高出三分之一。</blockquote></p><p> <b>Yet, Ms. Daly sees no adverse risks in providing more monetary fuel to housing as her priorities are \"to make sure that every American who wants a job has one, and inflation gets back to the average 2% inflation target.\"</b>The Fed dismissed the red-hot housing market's dangers in the 2000s, only to confront the financial system's near-collapse when house prices fell hard. That proved to be a significant policy error, and the risk of another one is growing with each passing day.</p><p><blockquote><b>然而，戴利女士认为为住房提供更多货币燃料不会带来不利风险，因为她的首要任务是“确保每个想要工作的美国人都有一份工作，并且通胀回到2%的平均通胀目标。”</b>美联储对2000年代炙手可热的房地产市场的危险不屑一顾，却在房价大幅下跌时面临金融体系近乎崩溃的局面。事实证明，这是一个重大的政策错误，而且另一个错误的风险与日俱增。</blockquote></p><p> With equity markets at record levels, policymakers at least acknowledge elevated levels. Still, they are reluctant to act to dampen investor enthusiasm and speculation. Federal Reserve Bank of Dallas President Robert Kaplan recently commented, \"There's no question that financial assets, broadly, are at elevated valuation levels.\" He was concerned \"about excess risking and if excess risk-taking goes too far, whether it creates excesses or imbalances, that could ultimately create challenges..\" Yet, Mr. Kaplan said he was willing to wait until 2022 to raise official rates, and even then by only 25 basis points.</p><p><blockquote>随着股市处于创纪录水平，政策制定者至少承认股市水平有所上升。尽管如此，他们还是不愿意采取行动来抑制投资者的热情和投机。达拉斯联邦储备银行行长罗伯特·卡普兰最近评论道，“毫无疑问，金融资产总体上处于较高的估值水平。”他担心“过度冒险，如果过度冒险走得太远，无论是造成过度还是失衡，最终都可能带来挑战。”然而，卡普兰表示，他愿意等到2022年才加息，即使到那时也只加息25个基点。</blockquote></p><p> Painting by the numbers: domestic equities' market value has increased 50% or $16 trillion to $48.7 trillion in the past two years.<b>At the end of 2020, the equities' domestic market valuation was 2.3X times Nominal GDP, a new record high and 50 basis points (or $10 trillion) higher than the prior record during the tech bubble peak in 2000.</b>Finance and the economy are more interconnected nowadays than in 2000, so a sharp pullback in equity values would have a more significant adverse impact.</p><p><blockquote>数字描绘：过去两年，国内股票市值增长了50%，即16万亿美元，达到48.7万亿美元。<b>截至2020年底，国内股市估值是名义GDP的2.3倍，创下历史新高，比2000年科技泡沫高峰期间的纪录高出50个基点（或10万亿美元）。</b>如今，金融和经济的联系比2000年更加紧密，因此股票价值的大幅回调将产生更大的不利影响。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/282d05e1348f989bb00f6fb5d16e91c6\" tg-width=\"500\" tg-height=\"296\"><b>Not all asset price bubbles are alike. But after experiencing two in the past 20 years, the characteristics of bubbles are known.</b>During the tech and housing bubbles, the Federal Reserve view was to ignore the elevated asset prices. That's because most thought if a speculative asset bubble burst, policymakers could quickly bring down official rates to alleviate the broader economy's damage. In hindsight, that proved to be poor judgment since both the tech and housing bubbles triggered an economic recession, with a near-collapse in the financial system following the housing bust.</p><p><blockquote><b>并非所有资产价格泡沫都是一样的。但在过去20年经历了两次之后，泡沫的特征就知道了。</b>在科技和房地产泡沫期间，美联储的观点是忽视资产价格的上涨。这是因为大多数人认为，如果投机性资产泡沫破裂，政策制定者可以迅速降低官方利率，以减轻更广泛经济的损害。事后看来，这被证明是一个糟糕的判断，因为科技和房地产泡沫都引发了经济衰退，房地产泡沫后金融体系几近崩溃。</blockquote></p><p> The Fed's easy-money policy has put a lot of wind at the backs of the asset markets.<b>It's striking to see the Fed's willingness to maintain the scale of monetary accommodation, especially given their poor record with asset bubbles.</b>Monetary policy (i.e., official rates) may be too blunt of a tool for practical use to deflate bubbles, but that does not mean a policy of low rates can't create them.</p><p><blockquote>美联储的宽松货币政策给资产市场带来了很大的压力。<b>看到美联储维持货币宽松规模的意愿令人震惊，特别是考虑到他们在资产泡沫方面的不良记录。</b>货币政策（即官方利率）可能过于生硬，无法实际用于消除泡沫，但这并不意味着低利率政策不能制造泡沫。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/economics/monetary-policy-blunder-not-managing-economic-financial-outcomes-equally?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/economics/monetary-policy-blunder-not-managing-economic-financial-outcomes-equally?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112150823","content_text":"Actual economic outcomes and not forecasted onesare the new policy of the Federal Reserve. Yet, this strategy's flaw is that it islimited to economic outcomes and overlooks or ignores financial ones.It is not a coincidence that the last two recessions resulted from asset price imbalances rather than too much general inflation.\nFailure to look at asset market outcomes & excesses as an equal cause of adverse outcomes only increases the odds it will reoccur.\nIn a recent interview at Barron's, Ms. Mary Daly, President of the San Francisco Federal Reserve Bank, was asked about the red-hot housing market and whether the Fed should adjust its buying mortgage securities fueling home-buying. Ms. Daly said, \"People getting into housing because interest rates are lower and they can afford a mortgage is a positive development...One of the transmission mechanisms we have is to lower the interest rate. ....It has worked well. ....I see this as a Federal Reserve win. Our monetary policy transmission mechanism is working.\"\nThe house price index published by the Federal Housing Finance Agency (FHFA) is up 12% in the last twelve months. During the 2000s housing bubble, the fastest one-year increase in housing prices occurred in 2005 when prices rose 10.4%. The current house price surge is 160 basis points above the bubble surge, and the residential real estate market value is also one-third higher than the peak of the housing bubble.\nYet, Ms. Daly sees no adverse risks in providing more monetary fuel to housing as her priorities are \"to make sure that every American who wants a job has one, and inflation gets back to the average 2% inflation target.\"The Fed dismissed the red-hot housing market's dangers in the 2000s, only to confront the financial system's near-collapse when house prices fell hard. That proved to be a significant policy error, and the risk of another one is growing with each passing day.\nWith equity markets at record levels, policymakers at least acknowledge elevated levels. Still, they are reluctant to act to dampen investor enthusiasm and speculation. Federal Reserve Bank of Dallas President Robert Kaplan recently commented, \"There's no question that financial assets, broadly, are at elevated valuation levels.\" He was concerned \"about excess risking and if excess risk-taking goes too far, whether it creates excesses or imbalances, that could ultimately create challenges..\" Yet, Mr. Kaplan said he was willing to wait until 2022 to raise official rates, and even then by only 25 basis points.\nPainting by the numbers: domestic equities' market value has increased 50% or $16 trillion to $48.7 trillion in the past two years.At the end of 2020, the equities' domestic market valuation was 2.3X times Nominal GDP, a new record high and 50 basis points (or $10 trillion) higher than the prior record during the tech bubble peak in 2000.Finance and the economy are more interconnected nowadays than in 2000, so a sharp pullback in equity values would have a more significant adverse impact.\nNot all asset price bubbles are alike. But after experiencing two in the past 20 years, the characteristics of bubbles are known.During the tech and housing bubbles, the Federal Reserve view was to ignore the elevated asset prices. That's because most thought if a speculative asset bubble burst, policymakers could quickly bring down official rates to alleviate the broader economy's damage. In hindsight, that proved to be poor judgment since both the tech and housing bubbles triggered an economic recession, with a near-collapse in the financial system following the housing bust.\nThe Fed's easy-money policy has put a lot of wind at the backs of the asset markets.It's striking to see the Fed's willingness to maintain the scale of monetary accommodation, especially given their poor record with asset bubbles.Monetary policy (i.e., official rates) may be too blunt of a tool for practical use to deflate bubbles, but that does not mean a policy of low rates can't create them.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":626,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342524019,"gmtCreate":1618234090031,"gmtModify":1631890440979,"author":{"id":"3555291946238504","authorId":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555291946238504","idStr":"3555291946238504"},"themes":[],"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/342524019","repostId":"1104755159","repostType":4,"isVote":1,"tweetType":1,"viewCount":406,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}