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xdpd

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2021-06-24

Hahah

抱歉，原内容已删除

2021-06-24

Lol

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2021-06-23

Can I get a letter T

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2021-06-23

Hmmm

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2021-06-23

I crei evertiem

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2021-06-23

Wow

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2021-06-23

That means more expensive living tsk

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2021-06-23

Wow

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2021-06-23

Gotta catch that rebound

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2021-06-22

Intriguing

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2021-06-22

Dank

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2021-06-22

Fight the FED

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2021-06-22

Big dipper

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2021-06-22

It ain't over

Is the Run Over in Meme-Stock Favorite AMC Entertainment?

2021-06-22

Hiiii

What Investors Can Learn From the History of Inflation

2021-06-22

Hmmm

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2021-06-22

Kars was suspended for so long he eventually stopped thinking

If You Thought These 2 Big Nasdaq Winners Were Done, Think Again

2021-06-22

Mega off but doge coin will moon AWOOOOO

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2021-06-22

Juicy

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2021-06-21

Much mooning

MicroStrategy Buys 13,005 Bitcoin At $37,617 Using Proceeds From First Ever Crypto Junk Bond

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Is the run about to end or can it c","content":"<blockquote>\n AMC Entertainment has led the charge in meme stocks this summer. Is the run about to end or can it continue higher? Let's look at the chart.\n</blockquote>\n<p>AMC Entertainment&nbsp;(<b>AMC</b>) -Get Report&nbsp;has taken over the online forums and stock trends over the last few weeks.</p>\n<p>The leader of the recent meme-stock rallyhas been on fire. Shares have risen almost 400% over the last month, despite the stock being down 22% from the highs set earlier this month.</p>\n<p>AMC has beendiligent about raising capitalamid the surging stock price - just as the company should.</p>\n<p>Given that AMC was hit so hard during the pandemic, raising so much capital allows the company to, in the words of CEO Adam Aron, go fromplaying defense to playing offense.</p>\n<p>The rally in AMC has helpedelevate other stocks too, including BlackBerry&nbsp;(<b>BB</b>) -Get Report, Clover&nbsp;(<b>CLOV</b>) -Get Report, Beyond Meat&nbsp;(<b>BYND</b>) -Get Report&nbsp;and others. Interestingly, GameStop&nbsp;(<b>GME</b>) -Get Report&nbsp;has not played as big of a role as the last short-squeeze bonanza earlier in the year.</p>\n<p>After the recent run though, investors are wondering if AMC’s time in the sun is done.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7a56b8e15fc8d23c35d04b0ad4fd9859\" tg-width=\"700\" tg-height=\"494\"><span>Daily chart of AMC stock. Chart courtesy of TrendSpider.com</span></p>\n<p>In early June, AMC stock exploded higher and topped out at $72.62.</p>\n<p>In the next session, shares tried to take out the high but couldn’t. In fact, AMC stock posted an incredibly wide range of more than $30 that day, failing to take out the prior day’s high or its low. Neither have been taken out since.</p>\n<p>Instead, shares continue to grind higher, using the 10-day moving average as a support level. However, the advances above $60 continue to act as resistance.</p>\n<p>Trading an asset this volatile is not easy, but I wouldn’t say the run is necessarily over.</p>\n<p>First and foremost, I want to see the 10-day moving average and $52.75 area continue to act as support. As long as that’s the case, the stock can continue to consolidate and build for a potentially larger rally.</p>\n<p>A close below $52.75 opens up $50 and a potential test of the 21-day moving average. Below the latter and we could see further selling pressure down to the $35 to $40 area.</p>\n<p>On the upside, let’s see how AMC continues to handle any moves north of $60. The $62.50 to $65 area has clearly been resistance, but a move above that zone (and even better, a close above this area) puts $70 to $75 in play.</p>\n<p>That’s where the stock previously topped out and would put AMC between two key extensions from the previous range.</p>","source":"lsy1610613172068","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>Is the Run Over in Meme-Stock Favorite AMC Entertainment?</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nIs the Run Over in Meme-Stock Favorite AMC Entertainment?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 14:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/trading-amc-stock-meme-stock-rally-new-highs><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC Entertainment has led the charge in meme stocks this summer. Is the run about to end or can it continue higher? Let's look at the chart.\n\nAMC Entertainment (AMC) -Get Report has taken over the ...</p>\n\n<a href=\"https://www.thestreet.com/investing/trading-amc-stock-meme-stock-rally-new-highs\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.thestreet.com/investing/trading-amc-stock-meme-stock-rally-new-highs","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148784310","content_text":"AMC Entertainment has led the charge in meme stocks this summer. Is the run about to end or can it continue higher? Let's look at the chart.\n\nAMC Entertainment (AMC) -Get Report has taken over the online forums and stock trends over the last few weeks.\nThe leader of the recent meme-stock rallyhas been on fire. Shares have risen almost 400% over the last month, despite the stock being down 22% from the highs set earlier this month.\nAMC has beendiligent about raising capitalamid the surging stock price - just as the company should.\nGiven that AMC was hit so hard during the pandemic, raising so much capital allows the company to, in the words of CEO Adam Aron, go fromplaying defense to playing offense.\nThe rally in AMC has helpedelevate other stocks too, including BlackBerry (BB) -Get Report, Clover (CLOV) -Get Report, Beyond Meat (BYND) -Get Report and others. Interestingly, GameStop (GME) -Get Report has not played as big of a role as the last short-squeeze bonanza earlier in the year.\nAfter the recent run though, investors are wondering if AMC’s time in the sun is done.\nDaily chart of AMC stock. Chart courtesy of TrendSpider.com\nIn early June, AMC stock exploded higher and topped out at $72.62.\nIn the next session, shares tried to take out the high but couldn’t. In fact, AMC stock posted an incredibly wide range of more than $30 that day, failing to take out the prior day’s high or its low. Neither have been taken out since.\nInstead, shares continue to grind higher, using the 10-day moving average as a support level. However, the advances above $60 continue to act as resistance.\nTrading an asset this volatile is not easy, but I wouldn’t say the run is necessarily over.\nFirst and foremost, I want to see the 10-day moving average and $52.75 area continue to act as support. As long as that’s the case, the stock can continue to consolidate and build for a potentially larger rally.\nA close below $52.75 opens up $50 and a potential test of the 21-day moving average. Below the latter and we could see further selling pressure down to the $35 to $40 area.\nOn the upside, let’s see how AMC continues to handle any moves north of $60. The $62.50 to $65 area has clearly been resistance, but a move above that zone (and even better, a close above this area) puts $70 to $75 in play.\nThat’s where the stock previously topped out and would put AMC between two key extensions from the previous range.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":435,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129026477,"gmtCreate":1624346087899,"gmtModify":1631891404796,"author":{"id":"3577084365996051","authorId":"3577084365996051","name":"xdpd","avatar":"https://static.tigerbbs.com/e3f9e47bae081942af02d5a4d97a3017","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577084365996051","authorIdStr":"3577084365996051"},"themes":[],"htmlText":"Hiiii","listText":"Hiiii","text":"Hiiii","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129026477","repostId":"1112997031","repostType":4,"repost":{"id":"1112997031","kind":"news","pubTimestamp":1624344868,"share":"https://www.laohu8.com/m/news/1112997031?lang=&edition=full","pubTime":"2021-06-22 14:54","market":"us","language":"en","title":"What Investors Can Learn From the History of Inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1112997031","media":"WSJ","summary":"Inflation is on the rise, hitting some of the highest levels seen since the early 1980s. Back then, ","content":"<p>Inflation is on the rise, hitting some of the highest levels seen since the early 1980s. Back then, the Federal Reserve’s Paul Volcker killed off rampant price rises, hitting the economy hard initially, but ushering in decades of repeated rallies in stocks and bonds.</p>\n<p>If today’s post Covid-19 pandemic inflation proves sticky, will it be like the years before Volcker, or could it be more like the happier growth that followed World War II? These periods hold lessons about how financial markets might perform.</p>\n<p><img src=\"https://static.tigerbbs.com/177e181236d406cfb6867135e123e647\" tg-width=\"822\" tg-height=\"755\" referrerpolicy=\"no-referrer\"></p>\n<p>After World War II, stocks did well despite bouts of inflation. But that only lasted until the mid-1960s. Returns for stocks and Treasurys then struggled until after the 1970s inflation was crushed.</p>\n<p><img src=\"https://static.tigerbbs.com/45f556cbd944781f6e9f8861fd1307ed\" tg-width=\"829\" tg-height=\"762\" referrerpolicy=\"no-referrer\"></p>\n<p>One reason why stocks did well in the 1950s was that money flowed into the market as pension funds and other institutions bought equities for the first time, according to Ian Harnett, chief investment strategist at Absolute Strategy Research. That helped push down the so-called equity-risk premium, which measures the extra returns stock investors demand over government bonds for the risk of losing their money.</p>\n<p><img src=\"https://static.tigerbbs.com/d1fa93e07ae8e10df683b24487fe7102\" tg-width=\"819\" tg-height=\"759\" referrerpolicy=\"no-referrer\"></p>\n<p>In the 1970s, the risk premium rose again and stocks underperformed when inflation took hold. The clues to why this happened are elsewhere in the economic backdrop.</p>\n<p>After the war, there were bouts of inflation, but the real economy grew strongly enough to keep up with price rises<b>.</b>Resources used for the war effort were put back into peacetime production. Then from the mid-1960s, a gap between real growth and the influence of inflation opened up.</p>\n<p><img src=\"https://static.tigerbbs.com/13efc1b5bab65fd78a4b1b3cfab31a20\" tg-width=\"815\" tg-height=\"759\" referrerpolicy=\"no-referrer\"></p>\n<p>Richard Sylla, professor emeritus of economics at NYU Stern, who wrote a history of interest rates, characterizes the postwar inflation as prices catching up with reality after wartime price controls were lifted.</p>\n<p>Things changed in the 1960s. Heavy government spending on the Vietnam War and President Lyndon Johnson’s Great Society programs met low interest rates. Money supply grew strongly and what Mr. Sylla calls the Great Inflation began.</p>\n<p><img src=\"https://static.tigerbbs.com/049f33fc222d7260e35aee86c0a1f43c\" tg-width=\"819\" tg-height=\"756\" referrerpolicy=\"no-referrer\"></p>\n<p>The economy overheated. First, the output gap, which measures the economy’s capacity to produce enough stuff in relation to the demand to consume it, went negative as demand outstripped supply.</p>\n<p>Then, in the late 1960s excess demand turned into a long trend toward increasing oversupply. As inflation rose, the labor force grew and people demanded higher wages.</p>\n<p><img src=\"https://static.tigerbbs.com/e2efcdabd4bc53c9c4d15af67b30ec4b\" tg-width=\"823\" tg-height=\"753\" referrerpolicy=\"no-referrer\"></p>\n<p>At the same time, the Federal Reserve became more influenced by politics: Arthur Burns chair of the Federal Reserve worked closely with Richard Nixon to help get him re-elected, Mr. Sylla said.</p>\n<p>The dollar’s value became volatile after President Nixon suspended the dollar’s convertibility into gold in 1971. This sounded the death knell for the Bretton Woods agreement, which had tied international currencies to each other.</p>\n<p>A more volatile dollar fed into higher import prices, which made inflation more volatile and uncertain. Uncertainty is bad for investors and that is one reason why the equity risk premium rose again—and stock market returns suffered.</p>\n<p>Then came the first oil-price shock, when many Arab countries blocked exports to the U.S. in protest at America’s backing of Israel.</p>\n<p><img src=\"https://static.tigerbbs.com/e24170234a713529c1e8dafe7f75b6d0\" tg-width=\"828\" tg-height=\"762\" referrerpolicy=\"no-referrer\"></p>\n<p>Where are we today? We have a low equity risk premium, leaving stocks without much of a cushion against uncertainty.</p>\n<p>The government is determined to stimulate the economy and cut unemployment. But unlike the mid-1960s,the output gap hasn’t yet been closed. The Fed’s role is key. It has promised to let the economy run hot in its quest to hit full employment.</p>\n<p>Overheating seems an uncertain prospect, especially if the recent rapid growth in the money supply quickly corrects to a much lower level as it did after the war.</p>\n<p>One place investors have turned in the past are precious metals like gold. In the 1970s, the yellow metal provided very strong inflation adjusted returns. It was a non-factor in the postwar period, when gold trading was banned.</p>\n<p><img src=\"https://static.tigerbbs.com/9bfebaee0355d857a22ed1b414ab12ad\" tg-width=\"827\" tg-height=\"758\" referrerpolicy=\"no-referrer\"></p>\n<p>Within the stock market, companies in cyclical industries, things like chemicals or mining companies, or airlines, performed better during the late 1970s and early 1980s than those in defensive industries, such as utilities or consumer staples like soap, food and tobacco.&nbsp;Since then, cyclical stocks have underperformed, if technology companies are excluded. Avoiding technology companies, or at least those that rely on low interest rates to make their promised future earnings look more valuable today, might be the key.</p>\n<p><img src=\"https://static.tigerbbs.com/61cde91b59c249f4d9f22c6f068f17b2\" tg-width=\"820\" tg-height=\"751\" referrerpolicy=\"no-referrer\"></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>What Investors Can Learn From the History of Inflation</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nWhat Investors Can Learn From the History of Inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 14:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/what-investors-can-learn-from-the-history-of-inflation-11624263340?mod=markets_lead_pos5><strong>WSJ</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Inflation is on the rise, hitting some of the highest levels seen since the early 1980s. Back then, the Federal Reserve’s Paul Volcker killed off rampant price rises, hitting the economy hard ...</p>\n\n<a href=\"https://www.wsj.com/articles/what-investors-can-learn-from-the-history-of-inflation-11624263340?mod=markets_lead_pos5\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.wsj.com/articles/what-investors-can-learn-from-the-history-of-inflation-11624263340?mod=markets_lead_pos5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112997031","content_text":"Inflation is on the rise, hitting some of the highest levels seen since the early 1980s. Back then, the Federal Reserve’s Paul Volcker killed off rampant price rises, hitting the economy hard initially, but ushering in decades of repeated rallies in stocks and bonds.\nIf today’s post Covid-19 pandemic inflation proves sticky, will it be like the years before Volcker, or could it be more like the happier growth that followed World War II? These periods hold lessons about how financial markets might perform.\n\nAfter World War II, stocks did well despite bouts of inflation. But that only lasted until the mid-1960s. Returns for stocks and Treasurys then struggled until after the 1970s inflation was crushed.\n\nOne reason why stocks did well in the 1950s was that money flowed into the market as pension funds and other institutions bought equities for the first time, according to Ian Harnett, chief investment strategist at Absolute Strategy Research. That helped push down the so-called equity-risk premium, which measures the extra returns stock investors demand over government bonds for the risk of losing their money.\n\nIn the 1970s, the risk premium rose again and stocks underperformed when inflation took hold. The clues to why this happened are elsewhere in the economic backdrop.\nAfter the war, there were bouts of inflation, but the real economy grew strongly enough to keep up with price rises.Resources used for the war effort were put back into peacetime production. Then from the mid-1960s, a gap between real growth and the influence of inflation opened up.\n\nRichard Sylla, professor emeritus of economics at NYU Stern, who wrote a history of interest rates, characterizes the postwar inflation as prices catching up with reality after wartime price controls were lifted.\nThings changed in the 1960s. Heavy government spending on the Vietnam War and President Lyndon Johnson’s Great Society programs met low interest rates. Money supply grew strongly and what Mr. Sylla calls the Great Inflation began.\n\nThe economy overheated. First, the output gap, which measures the economy’s capacity to produce enough stuff in relation to the demand to consume it, went negative as demand outstripped supply.\nThen, in the late 1960s excess demand turned into a long trend toward increasing oversupply. As inflation rose, the labor force grew and people demanded higher wages.\n\nAt the same time, the Federal Reserve became more influenced by politics: Arthur Burns chair of the Federal Reserve worked closely with Richard Nixon to help get him re-elected, Mr. Sylla said.\nThe dollar’s value became volatile after President Nixon suspended the dollar’s convertibility into gold in 1971. This sounded the death knell for the Bretton Woods agreement, which had tied international currencies to each other.\nA more volatile dollar fed into higher import prices, which made inflation more volatile and uncertain. Uncertainty is bad for investors and that is one reason why the equity risk premium rose again—and stock market returns suffered.\nThen came the first oil-price shock, when many Arab countries blocked exports to the U.S. in protest at America’s backing of Israel.\n\nWhere are we today? We have a low equity risk premium, leaving stocks without much of a cushion against uncertainty.\nThe government is determined to stimulate the economy and cut unemployment. But unlike the mid-1960s,the output gap hasn’t yet been closed. The Fed’s role is key. It has promised to let the economy run hot in its quest to hit full employment.\nOverheating seems an uncertain prospect, especially if the recent rapid growth in the money supply quickly corrects to a much lower level as it did after the war.\nOne place investors have turned in the past are precious metals like gold. In the 1970s, the yellow metal provided very strong inflation adjusted returns. It was a non-factor in the postwar period, when gold trading was banned.\n\nWithin the stock market, companies in cyclical industries, things like chemicals or mining companies, or airlines, performed better during the late 1970s and early 1980s than those in defensive industries, such as utilities or consumer staples like soap, food and tobacco. Since then, cyclical stocks have underperformed, if technology companies are excluded. Avoiding technology companies, or at least those that rely on low interest rates to make their promised future earnings look more valuable today, might be the key.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129026399,"gmtCreate":1624346046411,"gmtModify":1631891404806,"author":{"id":"3577084365996051","authorId":"3577084365996051","name":"xdpd","avatar":"https://static.tigerbbs.com/e3f9e47bae081942af02d5a4d97a3017","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577084365996051","authorIdStr":"3577084365996051"},"themes":[],"htmlText":"Hmmm","listText":"Hmmm","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129026399","repostId":"1177499959","repostType":4,"isVote":1,"tweetType":1,"viewCount":289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129028450,"gmtCreate":1624346005670,"gmtModify":1631891404820,"author":{"id":"3577084365996051","authorId":"3577084365996051","name":"xdpd","avatar":"https://static.tigerbbs.com/e3f9e47bae081942af02d5a4d97a3017","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577084365996051","authorIdStr":"3577084365996051"},"themes":[],"htmlText":"Kars was suspended for so long he eventually stopped thinking&nbsp;","listText":"Kars was suspended for so long he eventually stopped thinking&nbsp;","text":"Kars was suspended for so long he eventually stopped thinking","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129028450","repostId":"1186855284","repostType":4,"repost":{"id":"1186855284","kind":"news","pubTimestamp":1624345153,"share":"https://www.laohu8.com/m/news/1186855284?lang=&edition=full","pubTime":"2021-06-22 14:59","market":"us","language":"en","title":"If You Thought These 2 Big Nasdaq Winners Were Done, Think Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1186855284","media":"Motley Fool","summary":"On a strong day for the Nasdaq, two highfliers stood out.\n\nVolatility has returned to the stock mark","content":"<blockquote>\n On a strong day for the Nasdaq, two highfliers stood out.\n</blockquote>\n<p>Volatility has returned to the stock market, but finally, the<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC)is starting to make waves once again. The tech-heavy index is making a run toward all-time highs, trading within 1% of its high-water mark on Monday afternoon. As of just before 2 p.m. EDT today,the Nasdaq&nbsp; was higher by three-quarters of a percent.</p>\n<p>It wasn't that long ago that investors figured that stocks of COVID-19 vaccine manufacturers had already seen their best days. Companies like<b>Moderna</b>(NASDAQ:MRNA)and<b>BioNTech</b>(NASDAQ:BNTX)had seen their share prices start to give up ground as many believed that a vaccinated world would eventually cause revenue and profits to dry up for the vaccine makers. Now, though, it's becoming increasingly clear that the two companies could well have a much brighter future than many had thought.</p>\n<p><b>More moves for Moderna and BioNTech</b></p>\n<p>Shares of the vaccine manufacturers were among the leaders on the Nasdaq today. Moderna's gains amounted to more than 5%, while BioNTech boasted gains of 6% or more on the day.</p>\n<p>The general sentiment toward BioNTech and Moderna has been positive because ofjust how effective their vaccines have been. Last month, the U.S. Centers for Disease Control and Prevention released the latest figures on efficacy for the messenger-RNA-based vaccines from the two companies. Data from real-life use showed a reduction in infection risks of 91%. Those who got infected had a 60% lower risk of showing symptoms, and they spent on average six days fewer being sick and two days fewer stuck in bed recovering.</p>\n<p>In addition, the companies have benefited from sustained demand for COVID vaccines from countries around the world. On Monday,BioNTech said that it had received provision approvalof its vaccine from regulators in New Zealand. Over the weekend, the government of the Philippines announced a 40-million-dose agreement with BioNTech and<b>Pfizer</b>(NYSE:PFE)for more vaccine doses as well.</p>\n<p>More broadly, some health officials have started talking about the potential need for vaccine booster shots. It's uncertain at this point whether and how quickly antibody levels from initial vaccinations decline, and so it's entirely possible that even those who've already received vaccinations could need additional doses in the future. From a business standpoint, that would create even further demand for Moderna and BioNTech that could dramatically lengthen the expected flow of revenue stemming from COVID vaccines.</p>\n<p><b>Will existing vaccines be enough?</b></p>\n<p>The biggest threat on the COVID front comes from the potential for the virus to mutate into more-dangerous variants. Already, theDelta varianthas proved to be more easily transmitted among infected patients and with more-severe health impacts. Future variants could prove even more problematic, and there's no guarantee that existing vaccines will provide protection against them all.</p>\n<p>For the most part, both Moderna's and BioNTech's stock prices seem to reflect little expectation of success beyond the current COVID vaccine products. Yet if anything, COVID has proved that the broader-based investing thesis behind mRNA-based treatment development is sound. Both companies have plans for vaccines and other treatments for a wider variety of different medical conditions, and success anywhere on that front could provide the positive surprise investors need to gain confidence in the long-term futures of these stocks.</p>\n<p>If you made the mistake of thinking that COVID vaccine stocks would be done once much of the U.S. population had been vaccinated, you aren't alone. But you might be surprised at how much staying power BioNTech and Moderna could have -- especially if a few things end up working out in their favor.</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>If You Thought These 2 Big Nasdaq Winners Were Done, Think Again</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nIf You Thought These 2 Big Nasdaq Winners Were Done, Think Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 14:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/21/if-you-thought-big-nasdaq-winners-done-think-again/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>On a strong day for the Nasdaq, two highfliers stood out.\n\nVolatility has returned to the stock market, but finally, theNasdaq Composite(NASDAQINDEX:^IXIC)is starting to make waves once again. The ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/21/if-you-thought-big-nasdaq-winners-done-think-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRNA":"Moderna, Inc.","BNTX":"BioNTech SE"},"source_url":"https://www.fool.com/investing/2021/06/21/if-you-thought-big-nasdaq-winners-done-think-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186855284","content_text":"On a strong day for the Nasdaq, two highfliers stood out.\n\nVolatility has returned to the stock market, but finally, theNasdaq Composite(NASDAQINDEX:^IXIC)is starting to make waves once again. The tech-heavy index is making a run toward all-time highs, trading within 1% of its high-water mark on Monday afternoon. As of just before 2 p.m. EDT today,the Nasdaq  was higher by three-quarters of a percent.\nIt wasn't that long ago that investors figured that stocks of COVID-19 vaccine manufacturers had already seen their best days. Companies likeModerna(NASDAQ:MRNA)andBioNTech(NASDAQ:BNTX)had seen their share prices start to give up ground as many believed that a vaccinated world would eventually cause revenue and profits to dry up for the vaccine makers. Now, though, it's becoming increasingly clear that the two companies could well have a much brighter future than many had thought.\nMore moves for Moderna and BioNTech\nShares of the vaccine manufacturers were among the leaders on the Nasdaq today. Moderna's gains amounted to more than 5%, while BioNTech boasted gains of 6% or more on the day.\nThe general sentiment toward BioNTech and Moderna has been positive because ofjust how effective their vaccines have been. Last month, the U.S. Centers for Disease Control and Prevention released the latest figures on efficacy for the messenger-RNA-based vaccines from the two companies. Data from real-life use showed a reduction in infection risks of 91%. Those who got infected had a 60% lower risk of showing symptoms, and they spent on average six days fewer being sick and two days fewer stuck in bed recovering.\nIn addition, the companies have benefited from sustained demand for COVID vaccines from countries around the world. On Monday,BioNTech said that it had received provision approvalof its vaccine from regulators in New Zealand. Over the weekend, the government of the Philippines announced a 40-million-dose agreement with BioNTech andPfizer(NYSE:PFE)for more vaccine doses as well.\nMore broadly, some health officials have started talking about the potential need for vaccine booster shots. It's uncertain at this point whether and how quickly antibody levels from initial vaccinations decline, and so it's entirely possible that even those who've already received vaccinations could need additional doses in the future. From a business standpoint, that would create even further demand for Moderna and BioNTech that could dramatically lengthen the expected flow of revenue stemming from COVID vaccines.\nWill existing vaccines be enough?\nThe biggest threat on the COVID front comes from the potential for the virus to mutate into more-dangerous variants. Already, theDelta varianthas proved to be more easily transmitted among infected patients and with more-severe health impacts. Future variants could prove even more problematic, and there's no guarantee that existing vaccines will provide protection against them all.\nFor the most part, both Moderna's and BioNTech's stock prices seem to reflect little expectation of success beyond the current COVID vaccine products. Yet if anything, COVID has proved that the broader-based investing thesis behind mRNA-based treatment development is sound. Both companies have plans for vaccines and other treatments for a wider variety of different medical conditions, and success anywhere on that front could provide the positive surprise investors need to gain confidence in the long-term futures of these stocks.\nIf you made the mistake of thinking that COVID vaccine stocks would be done once much of the U.S. population had been vaccinated, you aren't alone. But you might be surprised at how much staying power BioNTech and Moderna could have -- especially if a few things end up working out in their favor.","news_type":1,"symbols_score_info":{"BNTX":0.9,"MRNA":0.9}},"isVote":1,"tweetType":1,"viewCount":369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129021430,"gmtCreate":1624345965420,"gmtModify":1631891404837,"author":{"id":"3577084365996051","authorId":"3577084365996051","name":"xdpd","avatar":"https://static.tigerbbs.com/e3f9e47bae081942af02d5a4d97a3017","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577084365996051","authorIdStr":"3577084365996051"},"themes":[],"htmlText":"Mega off but doge coin will moon AWOOOOO","listText":"Mega off but doge coin will moon AWOOOOO","text":"Mega off but doge coin will moon AWOOOOO","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129021430","repostId":"1161295709","repostType":4,"isVote":1,"tweetType":1,"viewCount":333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129021208,"gmtCreate":1624345939004,"gmtModify":1631891404850,"author":{"id":"3577084365996051","authorId":"3577084365996051","name":"xdpd","avatar":"https://static.tigerbbs.com/e3f9e47bae081942af02d5a4d97a3017","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577084365996051","authorIdStr":"3577084365996051"},"themes":[],"htmlText":"Juicy","listText":"Juicy","text":"Juicy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/129021208","repostId":"1139414035","repostType":4,"isVote":1,"tweetType":1,"viewCount":364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167463336,"gmtCreate":1624282577525,"gmtModify":1631891404866,"author":{"id":"3577084365996051","authorId":"3577084365996051","name":"xdpd","avatar":"https://static.tigerbbs.com/e3f9e47bae081942af02d5a4d97a3017","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577084365996051","authorIdStr":"3577084365996051"},"themes":[],"htmlText":"Much mooning","listText":"Much mooning","text":"Much mooning","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167463336","repostId":"1159914875","repostType":4,"repost":{"id":"1159914875","kind":"news","pubTimestamp":1624281059,"share":"https://www.laohu8.com/m/news/1159914875?lang=&edition=full","pubTime":"2021-06-21 21:10","market":"us","language":"en","title":"MicroStrategy Buys 13,005 Bitcoin At $37,617 Using Proceeds From First Ever Crypto Junk Bond","url":"https://stock-news.laohu8.com/highlight/detail?id=1159914875","media":"zerohedge","summary":"Two weeks afterMicrostrategy announced that it was sellingthe first ever batch of $400 million in (s","content":"<p>Two weeks afterMicrostrategy announced that it was sellingthe first ever batch of $400 million in (subsequentlyupsized to $500 million) junk bonds (6.125% coupon due 2028; by comparison, the average junk bond yields just about 4%) for the sole purpose of buying bitcoin,<b>earlier today MSTR CEO Michael Saylor confirmed that the transaction had been consummated with the company buying 13,005 bitcoin at an average price of $37,617 for a total of $489 million.</b></p>\n<p>The transaction has cemented MSTR's status as<b>the largest corporate hodler of bitcoin, with a total of 105,085 bitcoin acquired for $2.741 billion or an average price of $26,080.</b></p>\n<p><img src=\"https://static.tigerbbs.com/b5eb78c5328d726402152343ac151233\" tg-width=\"510\" tg-height=\"630\"></p>\n<p>Putting these numbers in context, the amount purchased using junk bond proceeds was more than $100 million higher than the company’s entire operating cash flow since 2016, according to Bloomberg data; MicroStrategy also announced that it was taking a roughly $284.5 million charge during its next earnings report thanks to losses related to fluctuations in the price of the digital asset. That amounts to more than its cumulative earnings since 2011.</p>\n<p>Previously, MSTR already issued convertible bonds worth around $1 billion in its quest to scoop up more of the coins, though this was the first-ever corporate bond sale with proceeds earmarked for such purchases.</p>\n<p>Naturally, news of the offering sparked both praise from the diamond hand crew, as well as scathing criticism from the crypto skeptics:</p>\n<p>“The $400 million in debt isn’t being used to fund an acquisition or growth. It’s being used to speculate on a volatile asset,” said Marc Lichtenfeld, chief income strategist at the Oxford Club. “Does MicroStrategy even have a business anymore or is it simply a proxy for Bitcoin -- with borrowed money?”</p>\n<p>The answer is obvious, and considering the move in the stock in the past year, it has been a great strategy... so far.</p>\n<p>News of the offering come in a day when the crypto space tumbled...</p>\n<p><img src=\"https://static.tigerbbs.com/56d960dbf024a8edf236e8b6dbbdf8f8\" tg-width=\"500\" tg-height=\"258\">... after the latest dose of FUD from China (how many times can Beijing credibly ban bitcoin before investors start asking if this is just a daily jawboning tactic to distract from the disastrous reception of the digital yuan).</p>\n<p><img src=\"https://static.tigerbbs.com/2c5879516c43c0287caab5fc0cdd9642\" tg-width=\"512\" tg-height=\"210\"></p>\n<p>Saylor has been one of leading advocates of converting company cash to Bitcoin, saying that the Federal Reserve’s relaxing of its inflation policy helped convince him to invest MicroStrategy’s reserves. The company’s disclosures around Bitcoin and its foray into the digital-assets space served as one of the catalysts to the coin’s red-hot rally in 2020 and early 2021, before it tumbled last month. The coin on Monday traded just over $32,000 down more than 50% from its mid-April record.</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>MicroStrategy Buys 13,005 Bitcoin At $37,617 Using Proceeds From First Ever Crypto Junk Bond</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nMicroStrategy Buys 13,005 Bitcoin At $37,617 Using Proceeds From First Ever Crypto Junk Bond\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 21:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/crypto/microstrategy-buys-13005-bitcoin-37617-using-proceeds-first-ever-crypto-junk-bond><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Two weeks afterMicrostrategy announced that it was sellingthe first ever batch of $400 million in (subsequentlyupsized to $500 million) junk bonds (6.125% coupon due 2028; by comparison, the average ...</p>\n\n<a href=\"https://www.zerohedge.com/crypto/microstrategy-buys-13005-bitcoin-37617-using-proceeds-first-ever-crypto-junk-bond\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSTR":"Strategy"},"source_url":"https://www.zerohedge.com/crypto/microstrategy-buys-13005-bitcoin-37617-using-proceeds-first-ever-crypto-junk-bond","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159914875","content_text":"Two weeks afterMicrostrategy announced that it was sellingthe first ever batch of $400 million in (subsequentlyupsized to $500 million) junk bonds (6.125% coupon due 2028; by comparison, the average junk bond yields just about 4%) for the sole purpose of buying bitcoin,earlier today MSTR CEO Michael Saylor confirmed that the transaction had been consummated with the company buying 13,005 bitcoin at an average price of $37,617 for a total of $489 million.\nThe transaction has cemented MSTR's status asthe largest corporate hodler of bitcoin, with a total of 105,085 bitcoin acquired for $2.741 billion or an average price of $26,080.\n\nPutting these numbers in context, the amount purchased using junk bond proceeds was more than $100 million higher than the company’s entire operating cash flow since 2016, according to Bloomberg data; MicroStrategy also announced that it was taking a roughly $284.5 million charge during its next earnings report thanks to losses related to fluctuations in the price of the digital asset. That amounts to more than its cumulative earnings since 2011.\nPreviously, MSTR already issued convertible bonds worth around $1 billion in its quest to scoop up more of the coins, though this was the first-ever corporate bond sale with proceeds earmarked for such purchases.\nNaturally, news of the offering sparked both praise from the diamond hand crew, as well as scathing criticism from the crypto skeptics:\n“The $400 million in debt isn’t being used to fund an acquisition or growth. It’s being used to speculate on a volatile asset,” said Marc Lichtenfeld, chief income strategist at the Oxford Club. “Does MicroStrategy even have a business anymore or is it simply a proxy for Bitcoin -- with borrowed money?”\nThe answer is obvious, and considering the move in the stock in the past year, it has been a great strategy... so far.\nNews of the offering come in a day when the crypto space tumbled...\n... after the latest dose of FUD from China (how many times can Beijing credibly ban bitcoin before investors start asking if this is just a daily jawboning tactic to distract from the disastrous reception of the digital yuan).\n\nSaylor has been one of leading advocates of converting company cash to Bitcoin, saying that the Federal Reserve’s relaxing of its inflation policy helped convince him to invest MicroStrategy’s reserves. The company’s disclosures around Bitcoin and its foray into the digital-assets space served as one of the catalysts to the coin’s red-hot rally in 2020 and early 2021, before it tumbled last month. 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