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koabi
koabi
·
2021-12-16
Teslaaaaa
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koabi
koabi
·
2021-10-26
$Tesla Motors(TSLA)$
tsla pls fund me a model 3
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koabi
koabi
·
2021-10-19
Yay or nay
非常抱歉，此主贴已删除
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koabi
koabi
·
2021-10-05
Facebook down
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koabi
koabi
·
2021-06-15
Comment pls
Novavax Vs. Pfizer Vs. Moderna: How COVID-19 Vaccines Stack Up<blockquote>Novavax、辉瑞、Moderna：COVID-19 疫苗如何叠加</blockquote>
It was "better late than never" for Novavax, Inc.NVAX, as the biopharma finally got around to announ
Novavax Vs. Pfizer Vs. Moderna: How COVID-19 Vaccines Stack Up<blockquote>Novavax、辉瑞、Moderna：COVID-19 疫苗如何叠加</blockquote>
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koabi
koabi
·
2021-06-09
Nice move
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koabi
koabi
·
2021-02-26
Oh no
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koabi
koabi
·
2021-02-19
Prolong saga
GameStop hearing challenges assumptions about rookie investors<blockquote>游戏驿站听证会挑战有关新手投资者的假设</blockquote>
Robinhood CEO Vlad Tenev discussed average account sizes and user demographics during a congressiona
GameStop hearing challenges assumptions about rookie investors<blockquote>游戏驿站听证会挑战有关新手投资者的假设</blockquote>
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koabi
koabi
·
2021-02-05
💎👐
The dark side of the GameStop bubble: Driving stock prices to the moon can hurt America<blockquote>游戏驿站泡沫的阴暗面：将股价推向月球可能会伤害美国</blockquote>
Shares of GameStop and other companies or assets that shot upin value in recent weeks are now droppi
The dark side of the GameStop bubble: Driving stock prices to the moon can hurt America<blockquote>游戏驿站泡沫的阴暗面：将股价推向月球可能会伤害美国</blockquote>
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koabi
koabi
·
2021-02-03
Diamonds hands 👐💎
Five things to watch in Reddit stocks trading mania<blockquote>Reddit 股票交易狂热中值得关注的五件事</blockquote>
Feb 2 (Reuters) - Silver dropped more than 4% on Tuesday and GameStop Corp sank 33% in early Eur
Five things to watch in Reddit stocks trading mania<blockquote>Reddit 股票交易狂热中值得关注的五件事</blockquote>
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down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/820831358","repostId":"2172967161","repostType":2,"isVote":1,"tweetType":1,"viewCount":2488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":187608230,"gmtCreate":1623750925220,"gmtModify":1634029081955,"author":{"id":"3562240188467019","authorId":"3562240188467019","name":"koabi","avatar":"https://static.tigerbbs.com/fbb917db7d1d5438831ae45369d18840","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562240188467019","authorIdStr":"3562240188467019"},"themes":[],"title":"","htmlText":"Comment pls","listText":"Comment pls","text":"Comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/187608230","repostId":"1167457915","repostType":4,"repost":{"id":"1167457915","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1623750756,"share":"https://www.laohunote.com/m/news/1167457915?lang=zh_CN&edition=full","pubTime":"2021-06-15 17:52","market":"us","language":"en","title":"Novavax Vs. Pfizer Vs. Moderna: How COVID-19 Vaccines Stack Up<blockquote>Novavax、辉瑞、Moderna：COVID-19 疫苗如何叠加</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1167457915","media":"Benzinga Earnings","summary":"It was \"better late than never\" for Novavax, Inc.NVAX, as the biopharma finally got around to announ","content":"<p>It was \"better late than never\" for <b>Novavax, Inc.</b>NVAX, as the biopharma finally got around to announcing interim results from the U.S. and Mexico leg of the Phase 3 study of NVX-CoV2371, its vaccine candidate against the novel coronavirus.</p><p><blockquote>“迟到总比不到好”<b>诺瓦瓦克斯公司。</b>NVAX，这家生物制药公司终于宣布了其针对新型冠状病毒的候选疫苗 NVX-CoV2371 的 3 期研究在美国和墨西哥的中期结果。</blockquote></p><p> Here's a comparative perspective of the vaccine candidates from Novavax, and the frontrunners, namely<b>Pfizer Inc.</b>PFE 0.05%-<b>BioNTech SE</b>BNTXand<b>Moderna, Inc.</b>MRNA, both of which have authorized vaccines in the market.</p><p><blockquote>以下是 Novavax 候选疫苗和领先者的比较视角，即<b>辉瑞公司。</b>PFE 0.05%-<b>生物科技公司</b>BNTXand<b>现代公司。</b>MRNA，两者都有市场上的授权疫苗。</blockquote></p><p> <b>Vaccine Type:</b> Novavax's NVX-CoV2371 is a recombinant nano-particle protein-based COVID-19 vaccine that is packaged with the company's proprietary Matrix-M adjuvant.</p><p><blockquote><b>疫苗类型：</b>Novavax 的 NVX-CoV2371 是一种基于重组纳米颗粒蛋白的 COVID-19 疫苗，包装有该公司专有的 Matrix-M 佐剂。</blockquote></p><p> The Pfizer-BioNTech and Moderna products are mRNA vaccines, or modern vaccines that work by using a genetic code called mRNA that instructs our immune cells to make spike protein, which is found on the surface of the virus that causes COVID-19.</p><p><blockquote>辉瑞-BioNTech和Moderna的产品是mRNA疫苗，或现代疫苗，通过使用一种称为mRNA的遗传密码来工作，这种密码指示我们的免疫细胞制造刺突蛋白，刺突蛋白存在于导致新冠肺炎的病毒表面。</blockquote></p><p> This spike protein, though harmless, is capable of triggering our immune system to produce antibodies that offer protection against future infection.</p><p><blockquote>这种刺突蛋白虽然无害，但能够触发我们的免疫系统产生抗体，防止未来的感染。</blockquote></p><p> Novavax's vaccine is a protein adjuvant that contains the spike protein of the coronavirus itself, but formulated as a nanoparticle that cannot cause disease. The injected vaccine then stimulates the immune system to produce antibodies and T-cell immune responses.</p><p><blockquote>Novavax的疫苗是一种蛋白质佐剂，含有冠状病毒本身的刺突蛋白，但配制成不会致病的纳米颗粒。然后，注射的疫苗刺激免疫系统产生抗体和T细胞免疫反应。</blockquote></p><p> <b>The Vaccine Doses:</b> The vaccines from each of the three companies require two doses. Each dose consists of 30 mcg for Pfizer and 100 mcg for Moderna, while for Novavax, each vaccine dose consists of 5 mcg of NVX-CoV2371 and 50 mcg of Matrix-M1 adjuvant that are co-formulated.</p><p><blockquote><b>疫苗剂量：</b>这三家公司的疫苗都需要两剂。辉瑞的每剂疫苗由30微克和Moderna的100微克组成，而Novavax的每剂疫苗由5微克NVX-CoV2371和50微克Matrix-M1佐剂组成，它们是共同配制的。</blockquote></p><p> The interval between the two doses — the priming and booster dose — is 21 days each for Pfizer and Novavax and 28 days for Moderna.</p><p><blockquote>辉瑞和Novavax两种剂量（启动剂量和加强剂量）之间的间隔分别为21天，Moderna为28天。</blockquote></p><p> <b>The Target Population:</b> The original late-stage trial of Pfizer-BioNTech evaluated the vaccine in participants ages 16 years and older. The trial enrolled 43,448 participants.</p><p><blockquote><b>目标人群：</b>辉瑞-BioNTech最初的后期试验在16岁及以上的参与者中评估了疫苗。该试验招募了43,448名参与者。</blockquote></p><p> Moderna'sPhase 3 COVE study enrolled 30,000 participants ages 18 years and up.</p><p><blockquote>Moderna的第三阶段COVE研究招募了30,000名18岁及以上的参与者。</blockquote></p><p> Since then, these two companies have obtained authorizations for their respective vaccines to be used in adolescents.</p><p><blockquote>此后，这两家公司获得了各自疫苗用于青少年的授权。</blockquote></p><p> Bothcompanieshave also initiated studies in the pediatric population.</p><p><blockquote>两家公司还启动了儿科人群的研究。</blockquote></p><p> Novavax's study enrolled 29,960 participants 18 years of age and older across 119 sites in the U.S. and Mexico. The placebo-controlled portion of PREVENT-19 continues in adolescents from 12 to less than 18 years of age and recently completed enrollment with 2,248 participants.</p><p><blockquote>Novavax 的研究招募了美国和墨西哥 119 个地点的 29,960 名 18 岁及以上的参与者。PREVENT-19的安慰剂对照部分继续在12至18岁以下的青少年中进行，最近完成了2,248名参与者的入组。</blockquote></p><p> <b>Vaccine Logistics:</b> Pfizer recently secured FDA authorization for storing undiluted, thawed vaccine vials in the refrigerator at 2°C to 8°C for up to one month.</p><p><blockquote><b>疫苗物流：</b>辉瑞最近获得了FDA的授权，可以在2°C至8°C的冰箱中储存未稀释、解冻的疫苗小瓶长达一个月。</blockquote></p><p> Previously, thawed, undiluted vaccine vials could be stored in the refrigerator for up to five days. Moderna's vaccine can be stored refrigerated between 2° and 8°C for up to 30 days prior to first use.</p><p><blockquote>以前，解冻的未稀释的疫苗小瓶可以在冰箱中储存长达五天。在首次使用前，Moderna的疫苗可以在2°C至8°C之间冷藏储存长达30天。</blockquote></p><p> NVX-CoV2373 is stored and stable at 2°- 8°C, allowing the use of existing vaccine supply chain channels for its distribution. It is packaged in a ready-to-use liquid formulation in 10-dose vials.</p><p><blockquote>NVX-CoV2373在2°-8°C下储存并稳定，允许使用现有的疫苗供应链渠道进行分销。它包装在10剂小瓶中的即用型液体制剂中。</blockquote></p><p> <b>Vaccine Efficacy:</b> Interim data from Pfizer-BioNTech's Phase 3 trials released in December showed the vaccine was well-tolerated and demonstrated 95% efficacy in preventing COVID-19 in those without prior infection seven days or more after the second dose. Updated top-line results released for up to six months after the second dose confirmed efficacy at 91.3%.</p><p><blockquote><b>疫苗效力：</b>辉瑞-BioNTech 于 12 月发布的 3 期试验的中期数据显示，该疫苗耐受性良好，并在第二剂疫苗接种后 7 天或更长时间内，在先前未感染的人群中预防 COVID-19 的功效为 95%。第二次给药后长达六个月的更新顶线结果确认疗效为91.3%。</blockquote></p><p> The vaccine was found 100% effective against severe disease as defined by the U.S. Centers for Disease Control and Prevention, and 95.3% effective against severe COVID-19 as defined by the FDA. It was also proved effective against the U.K. strain in lab studies.</p><p><blockquote>发现该疫苗对美国疾病控制和预防中心定义的严重疾病100%有效，对FDA定义的严重新冠肺炎有效95.3%。在实验室研究中，它还被证明对英国菌株有效。</blockquote></p><p> Moderna's vaccine showed efficacy of 94.1% against COVID-19. The company announced in May initial data from its Phase 2 study showing that a single 50 mcg dose of mRNA-1273 or mRNA-1273.351 given as a booster to previously vaccinated individuals increased neutralizing antibody titer responses against SARS-CoV-2 and two variants of concern, B.1.351, first identified in South Africa, and P.1, first identified in Brazil.</p><p><blockquote>Moderna 的疫苗对 COVID-19 的有效率为 94.1%。该公司于 5 月份宣布了其 2 期研究的初步数据，显示单次 50 微克剂量的 mRNA-1273 或 mRNA-1273.351 作为加强剂给予先前接种疫苗的个体，可增加针对 SARS-CoV-2 和两种令人担忧的变体的中和抗体滴度反应，B.1.351 首先在南非发现，P.1 首先在巴西发现。</blockquote></p><p> Novavax's investigational vaccine demonstrated 100% protection against moderate and severe disease not involving variants of concern or variants of interest.</p><p><blockquote>Novavax的研究性疫苗证明了对不涉及关注变异或感兴趣变异的中度和重度疾病的100%保护。</blockquote></p><p> Against variants of concern and variants of interest, the efficacy was 93.2% and in high-risk populations, defined as over 65 or under 65 years with certain comorbidities or having circumstances with frequent COVID-19 exposure, the efficacy was 91%.</p><p><blockquote>针对关注变异和关注变异，疗效为93.2%，在高危人群（定义为65岁以上或65岁以下患有某些合并症或频繁接触新冠肺炎的情况）中，疗效为91%。</blockquote></p><p> Overall efficacy was 90.4%, meeting the primary endpoint.</p><p><blockquote>总有效率为90.4%，符合主要终点。</blockquote></p><p></p><p> <b>Cantor Fitzgerald On Novavax's Vaccine:</b>A differentiating factor for NVX-2373 is that it showed vaccine efficacy of 93.2% against VoC/VoI, which demonstrates protection across a broad range of SARS-CoV-2 strains, Cantor Fitzgerald analyst Charles Duncan said in a Monday morning note.</p><p><blockquote><b>Cantor Fitzgerald 谈 Novavax 疫苗：</b>Cantor Fitzgerald 分析师 Charles Duncan 在周一上午的一份报告中表示，NVX-2373 的一个与众不同的因素是，它对 VoC/VoI 的疫苗效力为 93.2%，这证明了对多种 SARS-CoV-2 毒株的保护作用。</blockquote></p><p> \"Overall, these results enhance our conviction for a differentiated clinical and logistics profile from the SARS-CoV-2 vaccine candidate ‘2373,\" the analyst said.</p><p><blockquote>“总的来说，这些结果增强了我们对新型冠状病毒候选疫苗‘2373’不同临床和后勤特征的信念，”这位分析师说。</blockquote></p><p> Showing efficacy against new strains in two Phase 3 clinical trials, rather than extrapolating potential efficacy from a neutralizing antibody assay conducted in a petri dish, differentiates NVX-CoV2373 from other vaccines that have emergency use authorization, he said.</p><p><blockquote>他说，在两项 3 期临床试验中显示对新毒株的功效，而不是从培养皿中进行的中和抗体测定中推断潜在功效，这将 NVX-CoV2373 与其他获得紧急使用授权的疫苗区分开来。</blockquote></p><p> This profile, according to Cantor reduces regulatory/ commercial risk for the ‘2373 SARS-CoV-2 prophylactic vaccine candidate and, with positive Phase 3 data for NanoFlu reported in March 2020, should raise the profile for Novavax's platform as a whole.</p><p><blockquote>根据Cantor的说法，这一概况降低了2373新型冠状病毒预防性候选疫苗的监管/商业风险，并且随着2020年3月报告的NanoFlu的积极3期数据，应该会提高Novavax平台的整体形象。</blockquote></p><p> <b>Vaccine Safety Data:</b>Pfizer-BioNTech's vaccine showed a favorable tolerability and safety profile, with the most common adverse events from BNT162b2 being transient, mild to moderate pain at the injection site, fatigue and headache, and these generally resolved within two days.</p><p><blockquote><b>疫苗安全性数据：</b>辉瑞-BioNTech的疫苗显示出良好的耐受性和安全性，BNT162b2最常见的不良事件是短暂的，注射部位轻度至中度疼痛、疲劳和头痛，这些通常在两天内消失。</blockquote></p><p> For Moderna, the most common adverse reactions included injection site pain, fatigue, myalgia, arthralgia, headache, and erythema/redness at the injection site. Solicited adverse reactions increased in frequency and severity in the mRNA-1273 group after the second dose.</p><p><blockquote>对于Moderna，最常见的不良反应包括注射部位疼痛、疲劳、肌痛、关节痛、头痛和注射部位红斑/发红。在第二次给药后，mRNA-1273组中征集的不良反应的频率和严重程度增加。</blockquote></p><p> Preliminary safety data from Novavax's trial showed the vaccine to be generally well-tolerated. Serious and severe adverse events were low in number and balanced between vaccine and placebo groups.</p><p><blockquote>Novavax试验的初步安全性数据显示，该疫苗通常具有良好的耐受性。严重和严重不良事件数量较少，疫苗组和安慰剂组之间保持平衡。</blockquote></p><p> In assessing reactogenicity seven days after dose one and dose two, injection site pain and tenderness, generally mild to moderate in severity, were the most common local symptoms, lasting less than three days. Fatigue, headache and muscle pain were the most common systemic symptoms, lasting less than two days.</p><p><blockquote>在第1次和第2次给药后7天评估反应原性时，注射部位疼痛和压痛（严重程度通常为轻度至中度）是最常见的局部症状，持续时间少于3天。疲劳、头痛和肌肉疼痛是最常见的全身症状，持续不到两天。</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>Novavax Vs. Pfizer Vs. Moderna: How COVID-19 Vaccines Stack Up<blockquote>Novavax、辉瑞、Moderna：COVID-19 疫苗如何叠加</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\">\nNovavax Vs. Pfizer Vs. Moderna: How COVID-19 Vaccines Stack Up<blockquote>Novavax、辉瑞、Moderna：COVID-19 疫苗如何叠加</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 Earnings </p>\n<p class=\"h-time smaller\">2021-06-15 17:52</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>It was \"better late than never\" for <b>Novavax, Inc.</b>NVAX, as the biopharma finally got around to announcing interim results from the U.S. and Mexico leg of the Phase 3 study of NVX-CoV2371, its vaccine candidate against the novel coronavirus.</p><p><blockquote>“迟到总比不到好”<b>诺瓦瓦克斯公司。</b>NVAX，这家生物制药公司终于宣布了其针对新型冠状病毒的候选疫苗 NVX-CoV2371 的 3 期研究在美国和墨西哥的中期结果。</blockquote></p><p> Here's a comparative perspective of the vaccine candidates from Novavax, and the frontrunners, namely<b>Pfizer Inc.</b>PFE 0.05%-<b>BioNTech SE</b>BNTXand<b>Moderna, Inc.</b>MRNA, both of which have authorized vaccines in the market.</p><p><blockquote>以下是 Novavax 候选疫苗和领先者的比较视角，即<b>辉瑞公司。</b>PFE 0.05%-<b>生物科技公司</b>BNTXand<b>现代公司。</b>MRNA，两者都有市场上的授权疫苗。</blockquote></p><p> <b>Vaccine Type:</b> Novavax's NVX-CoV2371 is a recombinant nano-particle protein-based COVID-19 vaccine that is packaged with the company's proprietary Matrix-M adjuvant.</p><p><blockquote><b>疫苗类型：</b>Novavax 的 NVX-CoV2371 是一种基于重组纳米颗粒蛋白的 COVID-19 疫苗，包装有该公司专有的 Matrix-M 佐剂。</blockquote></p><p> The Pfizer-BioNTech and Moderna products are mRNA vaccines, or modern vaccines that work by using a genetic code called mRNA that instructs our immune cells to make spike protein, which is found on the surface of the virus that causes COVID-19.</p><p><blockquote>辉瑞-BioNTech和Moderna的产品是mRNA疫苗，或现代疫苗，通过使用一种称为mRNA的遗传密码来工作，这种密码指示我们的免疫细胞制造刺突蛋白，刺突蛋白存在于导致新冠肺炎的病毒表面。</blockquote></p><p> This spike protein, though harmless, is capable of triggering our immune system to produce antibodies that offer protection against future infection.</p><p><blockquote>这种刺突蛋白虽然无害，但能够触发我们的免疫系统产生抗体，防止未来的感染。</blockquote></p><p> Novavax's vaccine is a protein adjuvant that contains the spike protein of the coronavirus itself, but formulated as a nanoparticle that cannot cause disease. The injected vaccine then stimulates the immune system to produce antibodies and T-cell immune responses.</p><p><blockquote>Novavax的疫苗是一种蛋白质佐剂，含有冠状病毒本身的刺突蛋白，但配制成不会致病的纳米颗粒。然后，注射的疫苗刺激免疫系统产生抗体和T细胞免疫反应。</blockquote></p><p> <b>The Vaccine Doses:</b> The vaccines from each of the three companies require two doses. Each dose consists of 30 mcg for Pfizer and 100 mcg for Moderna, while for Novavax, each vaccine dose consists of 5 mcg of NVX-CoV2371 and 50 mcg of Matrix-M1 adjuvant that are co-formulated.</p><p><blockquote><b>疫苗剂量：</b>这三家公司的疫苗都需要两剂。辉瑞的每剂疫苗由30微克和Moderna的100微克组成，而Novavax的每剂疫苗由5微克NVX-CoV2371和50微克Matrix-M1佐剂组成，它们是共同配制的。</blockquote></p><p> The interval between the two doses — the priming and booster dose — is 21 days each for Pfizer and Novavax and 28 days for Moderna.</p><p><blockquote>辉瑞和Novavax两种剂量（启动剂量和加强剂量）之间的间隔分别为21天，Moderna为28天。</blockquote></p><p> <b>The Target Population:</b> The original late-stage trial of Pfizer-BioNTech evaluated the vaccine in participants ages 16 years and older. The trial enrolled 43,448 participants.</p><p><blockquote><b>目标人群：</b>辉瑞-BioNTech最初的后期试验在16岁及以上的参与者中评估了疫苗。该试验招募了43,448名参与者。</blockquote></p><p> Moderna'sPhase 3 COVE study enrolled 30,000 participants ages 18 years and up.</p><p><blockquote>Moderna的第三阶段COVE研究招募了30,000名18岁及以上的参与者。</blockquote></p><p> Since then, these two companies have obtained authorizations for their respective vaccines to be used in adolescents.</p><p><blockquote>此后，这两家公司获得了各自疫苗用于青少年的授权。</blockquote></p><p> Bothcompanieshave also initiated studies in the pediatric population.</p><p><blockquote>两家公司还启动了儿科人群的研究。</blockquote></p><p> Novavax's study enrolled 29,960 participants 18 years of age and older across 119 sites in the U.S. and Mexico. The placebo-controlled portion of PREVENT-19 continues in adolescents from 12 to less than 18 years of age and recently completed enrollment with 2,248 participants.</p><p><blockquote>Novavax 的研究招募了美国和墨西哥 119 个地点的 29,960 名 18 岁及以上的参与者。PREVENT-19的安慰剂对照部分继续在12至18岁以下的青少年中进行，最近完成了2,248名参与者的入组。</blockquote></p><p> <b>Vaccine Logistics:</b> Pfizer recently secured FDA authorization for storing undiluted, thawed vaccine vials in the refrigerator at 2°C to 8°C for up to one month.</p><p><blockquote><b>疫苗物流：</b>辉瑞最近获得了FDA的授权，可以在2°C至8°C的冰箱中储存未稀释、解冻的疫苗小瓶长达一个月。</blockquote></p><p> Previously, thawed, undiluted vaccine vials could be stored in the refrigerator for up to five days. Moderna's vaccine can be stored refrigerated between 2° and 8°C for up to 30 days prior to first use.</p><p><blockquote>以前，解冻的未稀释的疫苗小瓶可以在冰箱中储存长达五天。在首次使用前，Moderna的疫苗可以在2°C至8°C之间冷藏储存长达30天。</blockquote></p><p> NVX-CoV2373 is stored and stable at 2°- 8°C, allowing the use of existing vaccine supply chain channels for its distribution. It is packaged in a ready-to-use liquid formulation in 10-dose vials.</p><p><blockquote>NVX-CoV2373在2°-8°C下储存并稳定，允许使用现有的疫苗供应链渠道进行分销。它包装在10剂小瓶中的即用型液体制剂中。</blockquote></p><p> <b>Vaccine Efficacy:</b> Interim data from Pfizer-BioNTech's Phase 3 trials released in December showed the vaccine was well-tolerated and demonstrated 95% efficacy in preventing COVID-19 in those without prior infection seven days or more after the second dose. Updated top-line results released for up to six months after the second dose confirmed efficacy at 91.3%.</p><p><blockquote><b>疫苗效力：</b>辉瑞-BioNTech 于 12 月发布的 3 期试验的中期数据显示，该疫苗耐受性良好，并在第二剂疫苗接种后 7 天或更长时间内，在先前未感染的人群中预防 COVID-19 的功效为 95%。第二次给药后长达六个月的更新顶线结果确认疗效为91.3%。</blockquote></p><p> The vaccine was found 100% effective against severe disease as defined by the U.S. Centers for Disease Control and Prevention, and 95.3% effective against severe COVID-19 as defined by the FDA. It was also proved effective against the U.K. strain in lab studies.</p><p><blockquote>发现该疫苗对美国疾病控制和预防中心定义的严重疾病100%有效，对FDA定义的严重新冠肺炎有效95.3%。在实验室研究中，它还被证明对英国菌株有效。</blockquote></p><p> Moderna's vaccine showed efficacy of 94.1% against COVID-19. The company announced in May initial data from its Phase 2 study showing that a single 50 mcg dose of mRNA-1273 or mRNA-1273.351 given as a booster to previously vaccinated individuals increased neutralizing antibody titer responses against SARS-CoV-2 and two variants of concern, B.1.351, first identified in South Africa, and P.1, first identified in Brazil.</p><p><blockquote>Moderna 的疫苗对 COVID-19 的有效率为 94.1%。该公司于 5 月份宣布了其 2 期研究的初步数据，显示单次 50 微克剂量的 mRNA-1273 或 mRNA-1273.351 作为加强剂给予先前接种疫苗的个体，可增加针对 SARS-CoV-2 和两种令人担忧的变体的中和抗体滴度反应，B.1.351 首先在南非发现，P.1 首先在巴西发现。</blockquote></p><p> Novavax's investigational vaccine demonstrated 100% protection against moderate and severe disease not involving variants of concern or variants of interest.</p><p><blockquote>Novavax的研究性疫苗证明了对不涉及关注变异或感兴趣变异的中度和重度疾病的100%保护。</blockquote></p><p> Against variants of concern and variants of interest, the efficacy was 93.2% and in high-risk populations, defined as over 65 or under 65 years with certain comorbidities or having circumstances with frequent COVID-19 exposure, the efficacy was 91%.</p><p><blockquote>针对关注变异和关注变异，疗效为93.2%，在高危人群（定义为65岁以上或65岁以下患有某些合并症或频繁接触新冠肺炎的情况）中，疗效为91%。</blockquote></p><p> Overall efficacy was 90.4%, meeting the primary endpoint.</p><p><blockquote>总有效率为90.4%，符合主要终点。</blockquote></p><p></p><p> <b>Cantor Fitzgerald On Novavax's Vaccine:</b>A differentiating factor for NVX-2373 is that it showed vaccine efficacy of 93.2% against VoC/VoI, which demonstrates protection across a broad range of SARS-CoV-2 strains, Cantor Fitzgerald analyst Charles Duncan said in a Monday morning note.</p><p><blockquote><b>Cantor Fitzgerald 谈 Novavax 疫苗：</b>Cantor Fitzgerald 分析师 Charles Duncan 在周一上午的一份报告中表示，NVX-2373 的一个与众不同的因素是，它对 VoC/VoI 的疫苗效力为 93.2%，这证明了对多种 SARS-CoV-2 毒株的保护作用。</blockquote></p><p> \"Overall, these results enhance our conviction for a differentiated clinical and logistics profile from the SARS-CoV-2 vaccine candidate ‘2373,\" the analyst said.</p><p><blockquote>“总的来说，这些结果增强了我们对新型冠状病毒候选疫苗‘2373’不同临床和后勤特征的信念，”这位分析师说。</blockquote></p><p> Showing efficacy against new strains in two Phase 3 clinical trials, rather than extrapolating potential efficacy from a neutralizing antibody assay conducted in a petri dish, differentiates NVX-CoV2373 from other vaccines that have emergency use authorization, he said.</p><p><blockquote>他说，在两项 3 期临床试验中显示对新毒株的功效，而不是从培养皿中进行的中和抗体测定中推断潜在功效，这将 NVX-CoV2373 与其他获得紧急使用授权的疫苗区分开来。</blockquote></p><p> This profile, according to Cantor reduces regulatory/ commercial risk for the ‘2373 SARS-CoV-2 prophylactic vaccine candidate and, with positive Phase 3 data for NanoFlu reported in March 2020, should raise the profile for Novavax's platform as a whole.</p><p><blockquote>根据Cantor的说法，这一概况降低了2373新型冠状病毒预防性候选疫苗的监管/商业风险，并且随着2020年3月报告的NanoFlu的积极3期数据，应该会提高Novavax平台的整体形象。</blockquote></p><p> <b>Vaccine Safety Data:</b>Pfizer-BioNTech's vaccine showed a favorable tolerability and safety profile, with the most common adverse events from BNT162b2 being transient, mild to moderate pain at the injection site, fatigue and headache, and these generally resolved within two days.</p><p><blockquote><b>疫苗安全性数据：</b>辉瑞-BioNTech的疫苗显示出良好的耐受性和安全性，BNT162b2最常见的不良事件是短暂的，注射部位轻度至中度疼痛、疲劳和头痛，这些通常在两天内消失。</blockquote></p><p> For Moderna, the most common adverse reactions included injection site pain, fatigue, myalgia, arthralgia, headache, and erythema/redness at the injection site. Solicited adverse reactions increased in frequency and severity in the mRNA-1273 group after the second dose.</p><p><blockquote>对于Moderna，最常见的不良反应包括注射部位疼痛、疲劳、肌痛、关节痛、头痛和注射部位红斑/发红。在第二次给药后，mRNA-1273组中征集的不良反应的频率和严重程度增加。</blockquote></p><p> Preliminary safety data from Novavax's trial showed the vaccine to be generally well-tolerated. Serious and severe adverse events were low in number and balanced between vaccine and placebo groups.</p><p><blockquote>Novavax试验的初步安全性数据显示，该疫苗通常具有良好的耐受性。严重和严重不良事件数量较少，疫苗组和安慰剂组之间保持平衡。</blockquote></p><p> In assessing reactogenicity seven days after dose one and dose two, injection site pain and tenderness, generally mild to moderate in severity, were the most common local symptoms, lasting less than three days. Fatigue, headache and muscle pain were the most common systemic symptoms, lasting less than two days.</p><p><blockquote>在第1次和第2次给药后7天评估反应原性时，注射部位疼痛和压痛（严重程度通常为轻度至中度）是最常见的局部症状，持续时间少于3天。疲劳、头痛和肌肉疼痛是最常见的全身症状，持续不到两天。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","NVAX":"诺瓦瓦克斯医药","MRNA":"Moderna, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167457915","content_text":"It was \"better late than never\" for Novavax, Inc.NVAX, as the biopharma finally got around to announcing interim results from the U.S. and Mexico leg of the Phase 3 study of NVX-CoV2371, its vaccine candidate against the novel coronavirus.\nHere's a comparative perspective of the vaccine candidates from Novavax, and the frontrunners, namelyPfizer Inc.PFE 0.05%-BioNTech SEBNTXandModerna, Inc.MRNA, both of which have authorized vaccines in the market.\nVaccine Type: Novavax's NVX-CoV2371 is a recombinant nano-particle protein-based COVID-19 vaccine that is packaged with the company's proprietary Matrix-M adjuvant.\nThe Pfizer-BioNTech and Moderna products are mRNA vaccines, or modern vaccines that work by using a genetic code called mRNA that instructs our immune cells to make spike protein, which is found on the surface of the virus that causes COVID-19.\nThis spike protein, though harmless, is capable of triggering our immune system to produce antibodies that offer protection against future infection.\nNovavax's vaccine is a protein adjuvant that contains the spike protein of the coronavirus itself, but formulated as a nanoparticle that cannot cause disease. The injected vaccine then stimulates the immune system to produce antibodies and T-cell immune responses.\nThe Vaccine Doses: The vaccines from each of the three companies require two doses. Each dose consists of 30 mcg for Pfizer and 100 mcg for Moderna, while for Novavax, each vaccine dose consists of 5 mcg of NVX-CoV2371 and 50 mcg of Matrix-M1 adjuvant that are co-formulated.\nThe interval between the two doses — the priming and booster dose — is 21 days each for Pfizer and Novavax and 28 days for Moderna.\nThe Target Population: The original late-stage trial of Pfizer-BioNTech evaluated the vaccine in participants ages 16 years and older. The trial enrolled 43,448 participants.\nModerna'sPhase 3 COVE study enrolled 30,000 participants ages 18 years and up.\nSince then, these two companies have obtained authorizations for their respective vaccines to be used in adolescents.\nBothcompanieshave also initiated studies in the pediatric population.\nNovavax's study enrolled 29,960 participants 18 years of age and older across 119 sites in the U.S. and Mexico. The placebo-controlled portion of PREVENT-19 continues in adolescents from 12 to less than 18 years of age and recently completed enrollment with 2,248 participants.\nVaccine Logistics: Pfizer recently secured FDA authorization for storing undiluted, thawed vaccine vials in the refrigerator at 2°C to 8°C for up to one month.\nPreviously, thawed, undiluted vaccine vials could be stored in the refrigerator for up to five days. Moderna's vaccine can be stored refrigerated between 2° and 8°C for up to 30 days prior to first use.\nNVX-CoV2373 is stored and stable at 2°- 8°C, allowing the use of existing vaccine supply chain channels for its distribution. It is packaged in a ready-to-use liquid formulation in 10-dose vials.\nVaccine Efficacy: Interim data from Pfizer-BioNTech's Phase 3 trials released in December showed the vaccine was well-tolerated and demonstrated 95% efficacy in preventing COVID-19 in those without prior infection seven days or more after the second dose. Updated top-line results released for up to six months after the second dose confirmed efficacy at 91.3%.\nThe vaccine was found 100% effective against severe disease as defined by the U.S. Centers for Disease Control and Prevention, and 95.3% effective against severe COVID-19 as defined by the FDA. It was also proved effective against the U.K. strain in lab studies.\nModerna's vaccine showed efficacy of 94.1% against COVID-19. The company announced in May initial data from its Phase 2 study showing that a single 50 mcg dose of mRNA-1273 or mRNA-1273.351 given as a booster to previously vaccinated individuals increased neutralizing antibody titer responses against SARS-CoV-2 and two variants of concern, B.1.351, first identified in South Africa, and P.1, first identified in Brazil.\nNovavax's investigational vaccine demonstrated 100% protection against moderate and severe disease not involving variants of concern or variants of interest.\nAgainst variants of concern and variants of interest, the efficacy was 93.2% and in high-risk populations, defined as over 65 or under 65 years with certain comorbidities or having circumstances with frequent COVID-19 exposure, the efficacy was 91%.\nOverall efficacy was 90.4%, meeting the primary endpoint.\nCantor Fitzgerald On Novavax's Vaccine:A differentiating factor for NVX-2373 is that it showed vaccine efficacy of 93.2% against VoC/VoI, which demonstrates protection across a broad range of SARS-CoV-2 strains, Cantor Fitzgerald analyst Charles Duncan said in a Monday morning note.\n\"Overall, these results enhance our conviction for a differentiated clinical and logistics profile from the SARS-CoV-2 vaccine candidate ‘2373,\" the analyst said.\nShowing efficacy against new strains in two Phase 3 clinical trials, rather than extrapolating potential efficacy from a neutralizing antibody assay conducted in a petri dish, differentiates NVX-CoV2373 from other vaccines that have emergency use authorization, he said.\nThis profile, according to Cantor reduces regulatory/ commercial risk for the ‘2373 SARS-CoV-2 prophylactic vaccine candidate and, with positive Phase 3 data for NanoFlu reported in March 2020, should raise the profile for Novavax's platform as a whole.\nVaccine Safety Data:Pfizer-BioNTech's vaccine showed a favorable tolerability and safety profile, with the most common adverse events from BNT162b2 being transient, mild to moderate pain at the injection site, fatigue and headache, and these generally resolved within two days.\nFor Moderna, the most common adverse reactions included injection site pain, fatigue, myalgia, arthralgia, headache, and erythema/redness at the injection site. Solicited adverse reactions increased in frequency and severity in the mRNA-1273 group after the second dose.\nPreliminary safety data from Novavax's trial showed the vaccine to be generally well-tolerated. Serious and severe adverse events were low in number and balanced between vaccine and placebo groups.\nIn assessing reactogenicity seven days after dose one and dose two, injection site pain and tenderness, generally mild to moderate in severity, were the most common local symptoms, lasting less than three days. Fatigue, headache and muscle pain were the most common systemic symptoms, lasting less than two days.","news_type":1,"symbols_score_info":{"NVAX":0.9,"MRNA":0.9,"PFE":0.9}},"isVote":1,"tweetType":1,"viewCount":2293,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189899006,"gmtCreate":1623250098205,"gmtModify":1634035334349,"author":{"id":"3562240188467019","authorId":"3562240188467019","name":"koabi","avatar":"https://static.tigerbbs.com/fbb917db7d1d5438831ae45369d18840","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562240188467019","authorIdStr":"3562240188467019"},"themes":[],"title":"","htmlText":"Nice move","listText":"Nice move","text":"Nice move","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/189899006","repostId":"1158809705","repostType":4,"isVote":1,"tweetType":1,"viewCount":3775,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368372601,"gmtCreate":1614296780703,"gmtModify":1703475932365,"author":{"id":"3562240188467019","authorId":"3562240188467019","name":"koabi","avatar":"https://static.tigerbbs.com/fbb917db7d1d5438831ae45369d18840","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562240188467019","authorIdStr":"3562240188467019"},"themes":[],"title":"","htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/368372601","repostId":"2114131201","repostType":4,"isVote":1,"tweetType":1,"viewCount":2054,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387994328,"gmtCreate":1613706562364,"gmtModify":1634552565696,"author":{"id":"3562240188467019","authorId":"3562240188467019","name":"koabi","avatar":"https://static.tigerbbs.com/fbb917db7d1d5438831ae45369d18840","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562240188467019","authorIdStr":"3562240188467019"},"themes":[],"title":"","htmlText":"Prolong saga ","listText":"Prolong saga ","text":"Prolong saga","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/387994328","repostId":"1103921295","repostType":4,"repost":{"id":"1103921295","kind":"news","pubTimestamp":1613706165,"share":"https://www.laohunote.com/m/news/1103921295?lang=zh_CN&edition=full","pubTime":"2021-02-19 11:42","market":"us","language":"en","title":"GameStop hearing challenges assumptions about rookie investors<blockquote>游戏驿站听证会挑战有关新手投资者的假设</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1103921295","media":"Marketwatch","summary":"Robinhood CEO Vlad Tenev discussed average account sizes and user demographics during a congressiona","content":"<p> <b>Robinhood CEO Vlad Tenev discussed average account sizes and user demographics during a congressional hearing on GameStop’s rise and fall.</b> YOLO? Maybe not quite so.</p><p><blockquote><b>Robinhood 首席执行官 Vlad Tenev 在国会关于游戏驿站兴衰的听证会上讨论了平均账户规模和用户人口统计数据。</b>YOLO？也许不完全是这样。</blockquote></p><p> During the GameStop trading frenzy, some observers worried many rookie retail investors banding together on sites like Reddit’s WallStreetBets would bet big — a so-called “YOLO trade” in the forum’sslang— andend up losing badly.</p><p><blockquote>在游戏驿站交易狂潮期间，一些观察家担心，许多在 Reddit 的 WallStreetBets 等网站上聚集在一起的新手散户投资者会下大注--用论坛术语来说就是所谓的 “YOLO 交易”--最终损失惨重。</blockquote></p><p> No doubt, this wasa serious event that rocked the stock market, bringing it “dangerously close” to collapse, according to Thomas Peterffy, founder and chairman of Interactive Brokers Group.</p><p><blockquote>盈透证券集团（Interactive Brokers Group）创始人兼董事长托马斯-彼得菲（Thomas Peterffy）表示，毫无疑问，这一 wasa 严重事件震撼了股市，使股市 “危险地 ”接近崩溃。</blockquote></p><p> But at a closely-watched congressional hearing Thursday on the rise and fall of GameStop shares and other so-called “meme stocks,” statements by one of the key players in the trading firestorm revealed that young investors generally aren’t betting big to reap quick gains.</p><p><blockquote>但在周四就游戏驿站股票和其他所谓 “迷因股票 ”的涨跌举行的备受关注的国会听证会上，这场交易风暴的关键人物之一的声明显示，年轻投资者一般不会为了快速获利而下大赌注。</blockquote></p><p> “Contrary to some very misleading and highly uninformed reports, we see evidence that most of our customers are investing for the long term,” said Vlad Tenev, CEO of Robinhood, the popular trading platform that caughtmassive irefor temporarily restricting trades on GameStopGME,-11.43%,AMC EntertainmentAMC,-0.72%and several other companies. As the hearing continued, he repeated that point under lawmaker questions.</p><p><blockquote>“Robinhood 的首席执行官弗拉德-特涅夫（Vlad Tenev）说：”与一些非常误导性和高度不知情的报道相反，我们看到的证据表明，我们的大多数客户都在进行长期投资。随着听证会的继续，他在立法者的提问下重复了这一点。</blockquote></p><p> “What we see is generally not consistent with popular memes suggesting that most of our brokerage customers are unsophisticated day traders taking inordinate risks with large sums of money on complex financial products,”Tenev wrote in prepared testimony submitted ahead of the hearing,pushing back on the idea that his companyencouraged reckless tradingon a platform with 13 million users.</p><p><blockquote>“特内夫在听证会前提交的准备好的证词中写道：”我们所看到的情况总体上与流行的备忘录不一致，这些备忘录认为我们的大多数经纪客户都是不成熟的日内交易者，他们在复杂的金融产品上投入大量资金，承担过大的风险，”特内夫反驳了他的公司鼓励在一个拥有 1300 万用户的平台上进行鲁莽交易的说法。</blockquote></p><p> Just 2% of Robinhood users qualified as “pattern day traders” who made four or more trades within five business days, he said. Thirteen percent traded basic options contracts, which can be higher risk, higher reward than straight-ahead buying or selling.</p><p><blockquote>他说，只有 2% 的 Robinhood 用户有资格成为 “模式日交易者 ”，他们在五个工作日内进行了四笔或四笔以上的交易。13%的人交易基本期权合约，这可能比直接买入或卖出风险更高，回报更高。</blockquote></p><p> In the face of some pointed questions, he also insisted Robinhood isn’t trying to turn the user experience into a game. “We know investing is serious and that’s why most of our customers are buy and hold,” he said.</p><p><blockquote>面对一些尖锐的问题，他还坚称 Robinhood 并没有试图将用户体验变成游戏。“他说：”我们知道投资是严肃的，这也是我们大多数客户买入并持有的原因。</blockquote></p><p> (Before the GameStop saga, Massachusetts state regulators filed a complaint against Robinhood for allegedly making trading seem too fun until loses occur. The company previously said itdisputes the allegation.)</p><p><blockquote>（在游戏驿站事件发生之前，马萨诸塞州监管机构对 Robinhood 提起诉讼，指控其在亏损发生之前让交易显得过于有趣。该公司此前曾表示对这一指控提出异议。）</blockquote></p><p> Tenev and lawmakershave sparredon what Robinhood should and shouldn’t have done during the GameStop saga. GameStop shares once traded at a high point of $483. By Thursday’s market close, GameStop shares were $40.69.</p><p><blockquote>特内夫和立法者们争论罗宾汉在游戏驿站事件中应该做什么和不应该做什么。游戏驿站股价一度触及483美元的高点。截至周四收盘，游戏驿站股价为 40.69 美元。</blockquote></p><p> But either way, Tenev’s testimony gave an interesting peek at who the newest retail investors are and how much money they are pouring into the market. After all, retail investors were already increasingly entering the stock market before the GameStop drama started.</p><p><blockquote>但无论如何，特内夫的证词都让我们有趣地看到了最新的散户投资者是谁，以及他们向市场投入了多少资金。毕竟，在游戏驿站闹剧开始之前，散户投资者已经越来越多地进入股市。</blockquote></p><p> Fifty-five percent of Americans directly own stock, according to aGallup surveylast year, while 32% of 18- to 29-year-olds said they owned stock.</p><p><blockquote>根据阿盖洛普去年的调查，55%的美国人直接拥有股票，而32%的18至29岁的人表示他们拥有股票。</blockquote></p><p> The median age of Robinhood investors is 31 and half of users say they are first-time investors. The median account size is about $240, according to Tenev’s statement, and the average account size is about $5,000.</p><p><blockquote>Robinhood 投资者的平均年龄为 31 岁，一半的用户表示他们是首次投资者。根据 Tenev 的声明，账户规模中位数约为 240 美元，平均账户规模约为 5000 美元。</blockquote></p><p> The fact that 13% of Robinhood users are trading options gives some advocates pause. Barbara Roper, director of investor protection at the Consumer Federation of America,saidthat “strikes us as a pretty high percentage when you consider the characteristics of Robinhood’s customer base (disproportionately young, first-time investors with small accounts).”</p><p><blockquote>13% 的 Robinhood 用户正在交易期权，这一事实让一些支持者犹豫不决。美国消费者联合会投资者保护主管芭芭拉-罗珀（Barbara Roper）说，“考虑到 Robinhood 客户群的特点（不成比例的年轻、账户较小的首次投资者），我们会发现这一比例相当高”。</blockquote></p><p> Robinhood investors also tend to be a slightly more racially diverse crowd, according to Tenev’s testimony. Nine percent of users are Black, compared to 3% at other firms and 16% are Hispanic, versus 7% at other firms, according to Tenev’s statement.</p><p><blockquote>根据 Tenev 的证词，Robinhood 的投资者也往往是一个种族稍微多样化的群体。根据 Tenev 的声明，9% 的用户是黑人，其他公司的这一比例为 3%，16% 是西班牙裔，而其他公司的这一比例为 7%。</blockquote></p><p> “Retail investors making up this new surge are different,” testified Jennifer Schulp, the Cato Institute’s director of financial regulation studies.</p><p><blockquote>“卡托研究所（Cato Institute）金融监管研究主任詹妮弗-舒尔普（Jennifer Schulp）作证说：”构成这一新一轮激增的散户投资者与众不同。</blockquote></p><p> Retail investors are nicknamed as“dumb money”on Wall Street, Schulp said. “I think it’s insulting. I think the term needs to go out the window. I think the GameStop situation is proof the retail investors are revolutionizing the market …. I think the retail investors here are learning by doing, which is one of the best ways to learn.”</p><p><blockquote>舒尔普说，散户投资者在华尔街被戏称为 “傻钱 ”。“我认为这是一种侮辱。我认为这个词需要被淘汰。我认为游戏驿站的情况证明散户投资者正在彻底改变市场.我认为这里的散户投资者正在边做边学，这是最好的学习方式之一。”</blockquote></p><p> She pointed to research from theFINRA Investor Education Foundationreleased earlier this month digging into the demographics and account balances of new retail investors.</p><p><blockquote>她指出，FINRA 投资者教育基金会本月早些时候发布的研究深入研究了新散户投资者的人口统计数据和账户余额。</blockquote></p><p> One-third of new investors who opened a taxable investment account for the first time in 2020 said they had account balances of less than $500, versus 16% of experienced investors. Twenty-three percent of new investors had account balances up to $2,000. Twenty percent of experienced investors had account balances up to $2,000.</p><p><blockquote>2020 年首次开设应税投资账户的新投资者中有三分之一表示，他们的账户余额低于 500 美元，而经验丰富的投资者这一比例为 16%。23%的新投资者账户余额高达2000美元。20% 有经验的投资者的账户余额高达 2,000 美元。</blockquote></p><p></p><p> The survey found a more racially diverse set of new investors, with 17% of new investors being Black. Seven percent of experienced investors are Black, the poll said.</p><p><blockquote>调查发现，新投资者的种族更加多样化，17%的新投资者是黑人。民意调查显示，7% 的经验丰富的投资者是黑人。</blockquote></p><p> As the hearing continued, some lawmakers questioned whether more guardrails need to be in place, while others said lawmakers shouldn’t condescend to retail investors and assume they know best.</p><p><blockquote>随着听证会的继续，一些立法者质疑是否需要设置更多的护栏，而另一些立法者则表示，立法者不应屈尊于散户投资者，并认为他们最了解情况。</blockquote></p><p> “Many Americans feel that the system is stacked against them and no matter what, Wall Street always wins,” said Rep. Maxine Waters, who chairs the House Financial Services Committee. “In this instance, many retail investors appeared motivated by a desire to beat Wall Street at its own game and given the losses that many retail investors have sustained as a result of volatility in the system, there are many whose beliefs that the system is rigged against them has been reinforced.”</p><p><blockquote>“众议院金融服务委员会主席、众议员玛克辛-沃特斯（Maxine Waters）说：”许多美国人认为这个体系对他们不利，无论如何，华尔街总是会赢。“在这种情况下，许多散户投资者似乎是出于在自己的游戏中击败华尔街的愿望，考虑到许多散户投资者因系统波动而遭受的损失，许多人认为系统被操纵了，对他们不利。”</blockquote></p><p> The GameStop saga was a “fundamental change,” said Rep. Patrick McHenry, the ranking Republican on the committee. The swell in trading was propelled by social media and a wealth of new information at investors’ fingertips.</p><p><blockquote>委员会中排名第一的共和党众议员帕特里克-麦克亨利（Patrick McHenry）说，游戏驿站事件是一个 “根本性的变化”。交易量的激增是由社交媒体和投资者唾手可得的大量新信息推动的。</blockquote></p><p> “I think if we’ve learned anything from these past few weeks, it’s that these average everyday investors are pretty darn sophisticated,” McHenry said. “There is wisdom to the crowd.”</p><p><blockquote>“麦克亨利说：”我认为，如果说我们从过去几周中学到了什么，那就是这些普通的日常投资者都非常老练。“人群中有智慧”。</blockquote></p><p> The government needs to make it easier for everyday investors to buy into the market, he said. “Instead of shutting the American public out through new regulations, new forms of taxation or so-called protections, let’s use this opprotunity to side with them.”</p><p><blockquote>他说，政府需要让普通投资者更容易入市。“与其通过新的法规、新的税收形式或所谓的保护措施将美国公众拒之门外，让我们利用这个机会站在他们一边”。</blockquote></p><p> One of the witnesses was Keith Gill, a 34-year-old independent investor with online handles like “Roaring Kitty” who turned his GameStop investment into millions. He made all his investment decisions based on publicly-availabile information, he told Congress.</p><p><blockquote>证人之一是基思-吉尔（Keith Gill），他是一位 34 岁的独立投资者，在网上拥有 “咆哮的小猫 ”这样的账号，他将自己在游戏驿站的投资变成了数百万美元。他告诉国会，他所有的投资决策都是根据公开信息做出的。</blockquote></p><p> “I would be the first to acknowledge that investing in stocks and options is incredibly risky, and it’s so important for people to do their own thorough research before investing,” Gill said. “Folks should be able to freely express their views on a stock, and they should be able to buy or not buy a stock based on those views.”</p><p><blockquote>“吉尔说：”我会第一个承认投资股票和期权风险极大，人们在投资前进行彻底的研究非常重要。“人们应该能够自由地表达自己对股票的看法，他们应该能够根据这些看法购买或不购买股票”。</blockquote></p><p> GameStop shares are up nearly 116% year-to-date. The Dow Jones Industrial Average is up nearly 3% and the S&P 500 is up more than 4% in 2021.</p><p><blockquote>今年迄今为止，游戏驿站股价已上涨近 116%。2021年，道琼斯工业平均指数上涨近3%，标普500上涨超过4%。</blockquote></p><p></p>","source":"market_watch","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>GameStop hearing challenges assumptions about rookie investors<blockquote>游戏驿站听证会挑战有关新手投资者的假设</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\">\nGameStop hearing challenges assumptions about rookie investors<blockquote>游戏驿站听证会挑战有关新手投资者的假设</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-02-19 11:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p> <b>Robinhood CEO Vlad Tenev discussed average account sizes and user demographics during a congressional hearing on GameStop’s rise and fall.</b> YOLO? Maybe not quite so.</p><p><blockquote><b>Robinhood 首席执行官 Vlad Tenev 在国会关于游戏驿站兴衰的听证会上讨论了平均账户规模和用户人口统计数据。</b>YOLO？也许不完全是这样。</blockquote></p><p> During the GameStop trading frenzy, some observers worried many rookie retail investors banding together on sites like Reddit’s WallStreetBets would bet big — a so-called “YOLO trade” in the forum’sslang— andend up losing badly.</p><p><blockquote>在游戏驿站交易狂潮期间，一些观察家担心，许多在 Reddit 的 WallStreetBets 等网站上聚集在一起的新手散户投资者会下大注--用论坛术语来说就是所谓的 “YOLO 交易”--最终损失惨重。</blockquote></p><p> No doubt, this wasa serious event that rocked the stock market, bringing it “dangerously close” to collapse, according to Thomas Peterffy, founder and chairman of Interactive Brokers Group.</p><p><blockquote>盈透证券集团（Interactive Brokers Group）创始人兼董事长托马斯-彼得菲（Thomas Peterffy）表示，毫无疑问，这一 wasa 严重事件震撼了股市，使股市 “危险地 ”接近崩溃。</blockquote></p><p> But at a closely-watched congressional hearing Thursday on the rise and fall of GameStop shares and other so-called “meme stocks,” statements by one of the key players in the trading firestorm revealed that young investors generally aren’t betting big to reap quick gains.</p><p><blockquote>但在周四就游戏驿站股票和其他所谓 “迷因股票 ”的涨跌举行的备受关注的国会听证会上，这场交易风暴的关键人物之一的声明显示，年轻投资者一般不会为了快速获利而下大赌注。</blockquote></p><p> “Contrary to some very misleading and highly uninformed reports, we see evidence that most of our customers are investing for the long term,” said Vlad Tenev, CEO of Robinhood, the popular trading platform that caughtmassive irefor temporarily restricting trades on GameStopGME,-11.43%,AMC EntertainmentAMC,-0.72%and several other companies. As the hearing continued, he repeated that point under lawmaker questions.</p><p><blockquote>“Robinhood 的首席执行官弗拉德-特涅夫（Vlad Tenev）说：”与一些非常误导性和高度不知情的报道相反，我们看到的证据表明，我们的大多数客户都在进行长期投资。随着听证会的继续，他在立法者的提问下重复了这一点。</blockquote></p><p> “What we see is generally not consistent with popular memes suggesting that most of our brokerage customers are unsophisticated day traders taking inordinate risks with large sums of money on complex financial products,”Tenev wrote in prepared testimony submitted ahead of the hearing,pushing back on the idea that his companyencouraged reckless tradingon a platform with 13 million users.</p><p><blockquote>“特内夫在听证会前提交的准备好的证词中写道：”我们所看到的情况总体上与流行的备忘录不一致，这些备忘录认为我们的大多数经纪客户都是不成熟的日内交易者，他们在复杂的金融产品上投入大量资金，承担过大的风险，”特内夫反驳了他的公司鼓励在一个拥有 1300 万用户的平台上进行鲁莽交易的说法。</blockquote></p><p> Just 2% of Robinhood users qualified as “pattern day traders” who made four or more trades within five business days, he said. Thirteen percent traded basic options contracts, which can be higher risk, higher reward than straight-ahead buying or selling.</p><p><blockquote>他说，只有 2% 的 Robinhood 用户有资格成为 “模式日交易者 ”，他们在五个工作日内进行了四笔或四笔以上的交易。13%的人交易基本期权合约，这可能比直接买入或卖出风险更高，回报更高。</blockquote></p><p> In the face of some pointed questions, he also insisted Robinhood isn’t trying to turn the user experience into a game. “We know investing is serious and that’s why most of our customers are buy and hold,” he said.</p><p><blockquote>面对一些尖锐的问题，他还坚称 Robinhood 并没有试图将用户体验变成游戏。“他说：”我们知道投资是严肃的，这也是我们大多数客户买入并持有的原因。</blockquote></p><p> (Before the GameStop saga, Massachusetts state regulators filed a complaint against Robinhood for allegedly making trading seem too fun until loses occur. The company previously said itdisputes the allegation.)</p><p><blockquote>（在游戏驿站事件发生之前，马萨诸塞州监管机构对 Robinhood 提起诉讼，指控其在亏损发生之前让交易显得过于有趣。该公司此前曾表示对这一指控提出异议。）</blockquote></p><p> Tenev and lawmakershave sparredon what Robinhood should and shouldn’t have done during the GameStop saga. GameStop shares once traded at a high point of $483. By Thursday’s market close, GameStop shares were $40.69.</p><p><blockquote>特内夫和立法者们争论罗宾汉在游戏驿站事件中应该做什么和不应该做什么。游戏驿站股价一度触及483美元的高点。截至周四收盘，游戏驿站股价为 40.69 美元。</blockquote></p><p> But either way, Tenev’s testimony gave an interesting peek at who the newest retail investors are and how much money they are pouring into the market. After all, retail investors were already increasingly entering the stock market before the GameStop drama started.</p><p><blockquote>但无论如何，特内夫的证词都让我们有趣地看到了最新的散户投资者是谁，以及他们向市场投入了多少资金。毕竟，在游戏驿站闹剧开始之前，散户投资者已经越来越多地进入股市。</blockquote></p><p> Fifty-five percent of Americans directly own stock, according to aGallup surveylast year, while 32% of 18- to 29-year-olds said they owned stock.</p><p><blockquote>根据阿盖洛普去年的调查，55%的美国人直接拥有股票，而32%的18至29岁的人表示他们拥有股票。</blockquote></p><p> The median age of Robinhood investors is 31 and half of users say they are first-time investors. The median account size is about $240, according to Tenev’s statement, and the average account size is about $5,000.</p><p><blockquote>Robinhood 投资者的平均年龄为 31 岁，一半的用户表示他们是首次投资者。根据 Tenev 的声明，账户规模中位数约为 240 美元，平均账户规模约为 5000 美元。</blockquote></p><p> The fact that 13% of Robinhood users are trading options gives some advocates pause. Barbara Roper, director of investor protection at the Consumer Federation of America,saidthat “strikes us as a pretty high percentage when you consider the characteristics of Robinhood’s customer base (disproportionately young, first-time investors with small accounts).”</p><p><blockquote>13% 的 Robinhood 用户正在交易期权，这一事实让一些支持者犹豫不决。美国消费者联合会投资者保护主管芭芭拉-罗珀（Barbara Roper）说，“考虑到 Robinhood 客户群的特点（不成比例的年轻、账户较小的首次投资者），我们会发现这一比例相当高”。</blockquote></p><p> Robinhood investors also tend to be a slightly more racially diverse crowd, according to Tenev’s testimony. Nine percent of users are Black, compared to 3% at other firms and 16% are Hispanic, versus 7% at other firms, according to Tenev’s statement.</p><p><blockquote>根据 Tenev 的证词，Robinhood 的投资者也往往是一个种族稍微多样化的群体。根据 Tenev 的声明，9% 的用户是黑人，其他公司的这一比例为 3%，16% 是西班牙裔，而其他公司的这一比例为 7%。</blockquote></p><p> “Retail investors making up this new surge are different,” testified Jennifer Schulp, the Cato Institute’s director of financial regulation studies.</p><p><blockquote>“卡托研究所（Cato Institute）金融监管研究主任詹妮弗-舒尔普（Jennifer Schulp）作证说：”构成这一新一轮激增的散户投资者与众不同。</blockquote></p><p> Retail investors are nicknamed as“dumb money”on Wall Street, Schulp said. “I think it’s insulting. I think the term needs to go out the window. I think the GameStop situation is proof the retail investors are revolutionizing the market …. I think the retail investors here are learning by doing, which is one of the best ways to learn.”</p><p><blockquote>舒尔普说，散户投资者在华尔街被戏称为 “傻钱 ”。“我认为这是一种侮辱。我认为这个词需要被淘汰。我认为游戏驿站的情况证明散户投资者正在彻底改变市场.我认为这里的散户投资者正在边做边学，这是最好的学习方式之一。”</blockquote></p><p> She pointed to research from theFINRA Investor Education Foundationreleased earlier this month digging into the demographics and account balances of new retail investors.</p><p><blockquote>她指出，FINRA 投资者教育基金会本月早些时候发布的研究深入研究了新散户投资者的人口统计数据和账户余额。</blockquote></p><p> One-third of new investors who opened a taxable investment account for the first time in 2020 said they had account balances of less than $500, versus 16% of experienced investors. Twenty-three percent of new investors had account balances up to $2,000. Twenty percent of experienced investors had account balances up to $2,000.</p><p><blockquote>2020 年首次开设应税投资账户的新投资者中有三分之一表示，他们的账户余额低于 500 美元，而经验丰富的投资者这一比例为 16%。23%的新投资者账户余额高达2000美元。20% 有经验的投资者的账户余额高达 2,000 美元。</blockquote></p><p></p><p> The survey found a more racially diverse set of new investors, with 17% of new investors being Black. Seven percent of experienced investors are Black, the poll said.</p><p><blockquote>调查发现，新投资者的种族更加多样化，17%的新投资者是黑人。民意调查显示，7% 的经验丰富的投资者是黑人。</blockquote></p><p> As the hearing continued, some lawmakers questioned whether more guardrails need to be in place, while others said lawmakers shouldn’t condescend to retail investors and assume they know best.</p><p><blockquote>随着听证会的继续，一些立法者质疑是否需要设置更多的护栏，而另一些立法者则表示，立法者不应屈尊于散户投资者，并认为他们最了解情况。</blockquote></p><p> “Many Americans feel that the system is stacked against them and no matter what, Wall Street always wins,” said Rep. Maxine Waters, who chairs the House Financial Services Committee. “In this instance, many retail investors appeared motivated by a desire to beat Wall Street at its own game and given the losses that many retail investors have sustained as a result of volatility in the system, there are many whose beliefs that the system is rigged against them has been reinforced.”</p><p><blockquote>“众议院金融服务委员会主席、众议员玛克辛-沃特斯（Maxine Waters）说：”许多美国人认为这个体系对他们不利，无论如何，华尔街总是会赢。“在这种情况下，许多散户投资者似乎是出于在自己的游戏中击败华尔街的愿望，考虑到许多散户投资者因系统波动而遭受的损失，许多人认为系统被操纵了，对他们不利。”</blockquote></p><p> The GameStop saga was a “fundamental change,” said Rep. Patrick McHenry, the ranking Republican on the committee. The swell in trading was propelled by social media and a wealth of new information at investors’ fingertips.</p><p><blockquote>委员会中排名第一的共和党众议员帕特里克-麦克亨利（Patrick McHenry）说，游戏驿站事件是一个 “根本性的变化”。交易量的激增是由社交媒体和投资者唾手可得的大量新信息推动的。</blockquote></p><p> “I think if we’ve learned anything from these past few weeks, it’s that these average everyday investors are pretty darn sophisticated,” McHenry said. “There is wisdom to the crowd.”</p><p><blockquote>“麦克亨利说：”我认为，如果说我们从过去几周中学到了什么，那就是这些普通的日常投资者都非常老练。“人群中有智慧”。</blockquote></p><p> The government needs to make it easier for everyday investors to buy into the market, he said. “Instead of shutting the American public out through new regulations, new forms of taxation or so-called protections, let’s use this opprotunity to side with them.”</p><p><blockquote>他说，政府需要让普通投资者更容易入市。“与其通过新的法规、新的税收形式或所谓的保护措施将美国公众拒之门外，让我们利用这个机会站在他们一边”。</blockquote></p><p> One of the witnesses was Keith Gill, a 34-year-old independent investor with online handles like “Roaring Kitty” who turned his GameStop investment into millions. He made all his investment decisions based on publicly-availabile information, he told Congress.</p><p><blockquote>证人之一是基思-吉尔（Keith Gill），他是一位 34 岁的独立投资者，在网上拥有 “咆哮的小猫 ”这样的账号，他将自己在游戏驿站的投资变成了数百万美元。他告诉国会，他所有的投资决策都是根据公开信息做出的。</blockquote></p><p> “I would be the first to acknowledge that investing in stocks and options is incredibly risky, and it’s so important for people to do their own thorough research before investing,” Gill said. “Folks should be able to freely express their views on a stock, and they should be able to buy or not buy a stock based on those views.”</p><p><blockquote>“吉尔说：”我会第一个承认投资股票和期权风险极大，人们在投资前进行彻底的研究非常重要。“人们应该能够自由地表达自己对股票的看法，他们应该能够根据这些看法购买或不购买股票”。</blockquote></p><p> GameStop shares are up nearly 116% year-to-date. The Dow Jones Industrial Average is up nearly 3% and the S&P 500 is up more than 4% in 2021.</p><p><blockquote>今年迄今为止，游戏驿站股价已上涨近 116%。2021年，道琼斯工业平均指数上涨近3%，标普500上涨超过4%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/gamestop-hearing-challenges-assumptions-about-rookie-investors-retail-investors-making-up-this-new-surge-are-different-11613680041?mod=home-page\">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":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.marketwatch.com/story/gamestop-hearing-challenges-assumptions-about-rookie-investors-retail-investors-making-up-this-new-surge-are-different-11613680041?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1103921295","content_text":"Robinhood CEO Vlad Tenev discussed average account sizes and user demographics during a congressional hearing on GameStop’s rise and fall.\n\nYOLO? Maybe not quite so.\nDuring the GameStop trading frenzy, some observers worried many rookie retail investors banding together on sites like Reddit’s WallStreetBets would bet big — a so-called “YOLO trade” in the forum’sslang— andend up losing badly.\nNo doubt, this wasa serious event that rocked the stock market, bringing it “dangerously close” to collapse, according to Thomas Peterffy, founder and chairman of Interactive Brokers Group.\nBut at a closely-watched congressional hearing Thursday on the rise and fall of GameStop shares and other so-called “meme stocks,” statements by one of the key players in the trading firestorm revealed that young investors generally aren’t betting big to reap quick gains.\n“Contrary to some very misleading and highly uninformed reports, we see evidence that most of our customers are investing for the long term,” said Vlad Tenev, CEO of Robinhood, the popular trading platform that caughtmassive irefor temporarily restricting trades on GameStopGME,-11.43%,AMC EntertainmentAMC,-0.72%and several other companies. As the hearing continued, he repeated that point under lawmaker questions.\n“What we see is generally not consistent with popular memes suggesting that most of our brokerage customers are unsophisticated day traders taking inordinate risks with large sums of money on complex financial products,”Tenev wrote in prepared testimony submitted ahead of the hearing,pushing back on the idea that his companyencouraged reckless tradingon a platform with 13 million users.\nJust 2% of Robinhood users qualified as “pattern day traders” who made four or more trades within five business days, he said. Thirteen percent traded basic options contracts, which can be higher risk, higher reward than straight-ahead buying or selling.\nIn the face of some pointed questions, he also insisted Robinhood isn’t trying to turn the user experience into a game. “We know investing is serious and that’s why most of our customers are buy and hold,” he said.\n(Before the GameStop saga, Massachusetts state regulators filed a complaint against Robinhood for allegedly making trading seem too fun until loses occur. The company previously said itdisputes the allegation.)\nTenev and lawmakershave sparredon what Robinhood should and shouldn’t have done during the GameStop saga. GameStop shares once traded at a high point of $483. By Thursday’s market close, GameStop shares were $40.69.\nBut either way, Tenev’s testimony gave an interesting peek at who the newest retail investors are and how much money they are pouring into the market. After all, retail investors were already increasingly entering the stock market before the GameStop drama started.\nFifty-five percent of Americans directly own stock, according to aGallup surveylast year, while 32% of 18- to 29-year-olds said they owned stock.\nThe median age of Robinhood investors is 31 and half of users say they are first-time investors. The median account size is about $240, according to Tenev’s statement, and the average account size is about $5,000.\nThe fact that 13% of Robinhood users are trading options gives some advocates pause. Barbara Roper, director of investor protection at the Consumer Federation of America,saidthat “strikes us as a pretty high percentage when you consider the characteristics of Robinhood’s customer base (disproportionately young, first-time investors with small accounts).”\nRobinhood investors also tend to be a slightly more racially diverse crowd, according to Tenev’s testimony. Nine percent of users are Black, compared to 3% at other firms and 16% are Hispanic, versus 7% at other firms, according to Tenev’s statement.\n“Retail investors making up this new surge are different,” testified Jennifer Schulp, the Cato Institute’s director of financial regulation studies.\nRetail investors are nicknamed as“dumb money”on Wall Street, Schulp said. “I think it’s insulting. I think the term needs to go out the window. I think the GameStop situation is proof the retail investors are revolutionizing the market …. I think the retail investors here are learning by doing, which is one of the best ways to learn.”\nShe pointed to research from theFINRA Investor Education Foundationreleased earlier this month digging into the demographics and account balances of new retail investors.\nOne-third of new investors who opened a taxable investment account for the first time in 2020 said they had account balances of less than $500, versus 16% of experienced investors. Twenty-three percent of new investors had account balances up to $2,000. Twenty percent of experienced investors had account balances up to $2,000.\nThe survey found a more racially diverse set of new investors, with 17% of new investors being Black. Seven percent of experienced investors are Black, the poll said.\nAs the hearing continued, some lawmakers questioned whether more guardrails need to be in place, while others said lawmakers shouldn’t condescend to retail investors and assume they know best.\n“Many Americans feel that the system is stacked against them and no matter what, Wall Street always wins,” said Rep. Maxine Waters, who chairs the House Financial Services Committee. “In this instance, many retail investors appeared motivated by a desire to beat Wall Street at its own game and given the losses that many retail investors have sustained as a result of volatility in the system, there are many whose beliefs that the system is rigged against them has been reinforced.”\nThe GameStop saga was a “fundamental change,” said Rep. Patrick McHenry, the ranking Republican on the committee. The swell in trading was propelled by social media and a wealth of new information at investors’ fingertips.\n“I think if we’ve learned anything from these past few weeks, it’s that these average everyday investors are pretty darn sophisticated,” McHenry said. “There is wisdom to the crowd.”\nThe government needs to make it easier for everyday investors to buy into the market, he said. “Instead of shutting the American public out through new regulations, new forms of taxation or so-called protections, let’s use this opprotunity to side with them.”\nOne of the witnesses was Keith Gill, a 34-year-old independent investor with online handles like “Roaring Kitty” who turned his GameStop investment into millions. He made all his investment decisions based on publicly-availabile information, he told Congress.\n“I would be the first to acknowledge that investing in stocks and options is incredibly risky, and it’s so important for people to do their own thorough research before investing,” Gill said. “Folks should be able to freely express their views on a stock, and they should be able to buy or not buy a stock based on those views.”\nGameStop shares are up nearly 116% year-to-date. The Dow Jones Industrial Average is up nearly 3% and the S&P 500 is up more than 4% in 2021.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":3411,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380372135,"gmtCreate":1612519414327,"gmtModify":1703763009404,"author":{"id":"3562240188467019","authorId":"3562240188467019","name":"koabi","avatar":"https://static.tigerbbs.com/fbb917db7d1d5438831ae45369d18840","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562240188467019","authorIdStr":"3562240188467019"},"themes":[],"title":"","htmlText":"💎👐","listText":"💎👐","text":"💎👐","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/380372135","repostId":"1180970570","repostType":4,"repost":{"id":"1180970570","kind":"news","pubTimestamp":1612501989,"share":"https://www.laohunote.com/m/news/1180970570?lang=zh_CN&edition=full","pubTime":"2021-02-05 13:13","market":"us","language":"en","title":"The dark side of the GameStop bubble: Driving stock prices to the moon can hurt America<blockquote>游戏驿站泡沫的阴暗面：将股价推向月球可能会伤害美国</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180970570","media":"marketwatch","summary":"Shares of GameStop and other companies or assets that shot upin value in recent weeks are now droppi","content":"<p>Shares of GameStop and other companies or assets that shot upin value in recent weeks are now dropping like stones. While I feel sorry for the many investors who will likely lose a lot of money, the stocks’ return to Earth is actually a good thing — if you want to avoid financial meltdown to the long list of crises the U.S. is facing.</p><p><blockquote>游戏驿站和其他最近几周价值飙升的公司或资产的股票现在像石头一样下跌。虽然我为许多可能会损失大量资金的投资者感到遗憾，但如果你想避免美国面临的一长串危机中的金融崩溃，那么这些股票的回归实际上是一件好事。</blockquote></p><p>The reason has to do with what financial markets are — and what they are not — as well as what happens when prices of stocks and other securities become untethered from the fundamental value of the assets they’re meant to represent.</p><p><blockquote>原因与金融市场是什么有关，也与金融市场不是什么有关，还与股票和其他证券的价格不受其所代表资产基本价值的约束有关。</blockquote></p><p>As a finance professor who does research on how markets respond to new information, I believe it is important to maintain a close link between security prices and fundamentals. When that stops happening, a market collapse may be not far behind.</p><p><blockquote>作为一名研究市场如何应对新信息的金融学教授，我认为保持证券价格和基本面之间的密切联系非常重要。当这种情况停止发生时，市场崩溃可能就不远了。</blockquote></p><p>Capital markets aren’t casinos</p><p><blockquote>资本市场不是赌场</blockquote></p><p>Some have portrayed GameStopGME,-42.11%as a David vs. Goliath story. According to that narrative, the big guys on Wall Street have been getting rich gambling on the stock marketSPX,+1.09%for years. What’s the problem when the little guy gets a chance?</p><p><blockquote>一些人将 GameStopGME,-42.11% 描绘成大卫大战歌利亚的故事。根据这种说法，华尔街的大佬们多年来一直在股市上赌博致富SPX，+1.09%。小家伙有机会有什么问题？</blockquote></p><p>The first thing to keep in mind is that markets aren’t a big casino, as some seem to believe. Their core purpose is to efficiently connect investors with companies and other organizations that will make the most productive use of their cash.</p><p><blockquote>首先要记住的是，市场并不像有些人认为的那样是一个大赌场。他们的核心目的是有效地将投资者与公司和其他组织联系起来，以最有效地利用他们的现金。</blockquote></p><p>Accurate market prices, meant to reflect a company’s expected profits and overall risk level, provide an important signal to investors whether they should hand over their money and what they should get in return. Companies like AppleAAPL,+2.58%and AmazonAMZN,+0.56%simply would not exist as we know them today without access to capital markets.</p><p><blockquote>准确的市场价格旨在反映公司的预期利润和整体风险水平，为投资者提供了一个重要信号，告诉他们是否应该交出资金以及应该得到什么回报。如果没有进入资本市场，像苹果AAPL（+2.58%）和亚马逊ZN（+0.56%）这样的公司根本就不会存在。</blockquote></p><p>The more jaundiced view of markets focuses on episodes when markets seemingly go crazy and on the speculative gambling behavior of some traders, such as hedge funds. The GameStop saga feeds into this storyline.</p><p><blockquote>更偏执的市场观点集中在市场看似疯狂的事件以及一些交易者（如对冲基金）的投机性赌博行为上。游戏驿站传奇融入了这个故事情节。</blockquote></p><p>But GameStop also illustrates what happens when stock prices don’t reflect reality.</p><p><blockquote>但游戏驿站也说明了当股票价格不能反映现实时会发生什么。</blockquote></p><p>The GameStop bubble</p><p><blockquote>游戏驿站泡沫</blockquote></p><p>GameStop fundamentals are, to put it mildly, lackluster.</p><p><blockquote>说得委婉些，游戏驿站的基本面黯淡无光。</blockquote></p><p>The company is a brick-and-mortar chain of video game stores. Most video game sales now take place as digital downloads. GameStop has been slow to adapt to this new reality. Its revenue peaked in 2012 at US$9.55 billion and had dropped by a third as of 2019. It hasn’t earned a profit since 2017. Put simply, it is a money-losing company in a competitive and quickly changing industry.</p><p><blockquote>该公司是一家实体视频游戏连锁店。现在大多数视频游戏销售都是以数字下载的形式进行的。游戏驿站在适应这一新现实方面进展缓慢。其收入在 2012 年达到峰值，达到 95.5 亿美元，截至 2019 年下降了三分之一。自 2017 年以来，该公司一直没有盈利。简单地说，在竞争激烈、变化迅速的行业中，它是一家亏损的公司。</blockquote></p><p>The recent speculative frenzy, however, increased the GameStop stock price from under $20 in early January to as high as $483 in a little over two weeks, driven by retail investors on Reddit who coordinated their buying to harm hedge funds, costing the professionals billions of dollars.</p><p><blockquote>然而，最近的投机狂潮使游戏驿站股价在两周多一点的时间里从1月初的不到20美元上涨到483美元，这是由Reddit上的散户投资者推动的，他们协调购买以损害对冲基金的利益，使专业人士损失了数十亿美元。</blockquote></p><p>It is clearly a speculative price bubble and has some characteristics of a Ponzi scheme. Many small investors who “get on the train” late and buy at the inflated prices — especially those attracted by the extreme price moves and media coverage — will be left holding the bag.</p><p><blockquote>这显然是一个投机性的价格泡沫，具有庞氏骗局的一些特征。许多 “上车 ”较晚、以虚高的价格买入的小投资者--尤其是那些被极端价格变动和媒体报道所吸引的小投资者--将只能背负重担。</blockquote></p><p>And sooner or later, the stock price will likely come back to Earth to a level that can be supported by the fundamentals of the company. Before midday on Feb. 4, shares were trading near $70for the first time since Jan. 25.</p><p><blockquote>迟早，股价可能会回到可以得到公司基本面支撑的水平。2月4日中午之前，股价自1月25日以来首次接近70美元。</blockquote></p><p>The problems begin when that doesn’t happen until too late.</p><p><blockquote>当为时已晚时，问题就开始了。</blockquote></p><p>Bubbles are made to pop</p><p><blockquote>泡泡是为了破裂</blockquote></p><p>Financial markets are made up of people. People are imperfect, and so are markets. This means market prices are not always “right” — and it’s often hard to know what the “right” price is.</p><p><blockquote>金融市场是由人组成的。人是不完美的，市场也是如此。这意味着市场价格并不总是 “正确 ”的--而且往往很难知道什么是 “正确 ”的价格。</blockquote></p><p>That is true when it comes to the price bubbles in individual stocks like GameStop. But it’s also true on a much bigger scale, when it comes to a market as a whole.</p><p><blockquote>当谈到游戏驿站等个股的价格泡沫时，情况确实如此。但在更大的范围内，就整个市场而言，情况也是如此。</blockquote></p><p>Price bubbles and crashes are good for neither Wall Street nor Main Street. When the dot-com bubble popped in 2000 — after prices of dozens of tech stocks soared exponentially in the late 1990s — an economic recession followed soon after. The bursting of a housing bubble in 2008 triggered a global financial crisis and the Great Recession.</p><p><blockquote>价格泡沫和崩盘对华尔街和大街都没有好处。2000 年互联网泡沫破裂时——此前数十只科技股的价格在 20 世纪 90 年代末呈指数级飙升——经济衰退随之而来。2008年房地产泡沫的破裂引发了全球金融危机和大衰退。</blockquote></p><p>Too much momentum</p><p><blockquote>动量太大</blockquote></p><p>So markets fail sometimes, and we need sensible regulation and enforcement to make such failures less likely.</p><p><blockquote>因此，市场有时会失灵，我们需要明智的监管和执法来降低这种失灵的可能性。</blockquote></p><p>Taken in isolation, the GameStop craze is unlikely to trigger a disruption to the overall stock market, especially if its price continues to fall more in line with the company’s fundamental value. Unfortunately, this was not an isolated case. Nor was GameStop the first sign of problems.</p><p><blockquote>单独来看，游戏驿站热潮不太可能引发整体股市的混乱，尤其是如果股价继续下跌，更符合公司的基本价值的话。不幸的是，这不是一个孤立的案例。游戏驿站也不是问题的第一个迹象。</blockquote></p><p>In recent days, Reddit users have also driven up the prices of silverSI00,0.61% and companies such as BlackBerryBB,+1.25%and movie theater giant AMC EntertainmentAMC,-20.96%.Popular trading apps like Robinhood have made trading easy, fun and basically free.</p><p><blockquote>最近几天，Reddit 用户还推高了 silverSI00,0.61% 以及 BlackBerryBB,+1.25% 和电影院巨头 AMC EntertainmentAMC,-20.96% 等公司的价格。 Robinhood 等流行交易应用程序使交易变得简单、有趣且基本上免费。</blockquote></p><p></p><p>The share price of TeslaTSLA,-0.55%,for example, skyrocketed 720% last year, in large part when investors bought the stock because it was already rising. This is called momentum investing, a trading strategy in which investors buy securities because they are going up — selling them only when they think the price has peaked.</p><p><blockquote>例如，TeslaTSLA 的股价（-0.55%）去年飙升了 720%，这在很大程度上是因为投资者购买了该股，因为该股已经在上涨。这被称为动量投资，这是一种交易策略，投资者购买证券是因为它们正在上涨——只有当他们认为价格已经见顶时才卖出它们。</blockquote></p><p>If this continues, it will likely lead to more financial bubbles and crashes that could make it harder for companies to raise capital, posing a threat to the already limping U.S. economic recovery. Even if the worst doesn’t happen, large price movements and allegations of price manipulation could hurt public confidence in financial markets, which would make people more reluctant to invest in retirement and other programs.</p><p><blockquote>如果这种情况持续下去，可能会导致更多的金融泡沫和崩溃，这可能会使企业更难筹集资金，对本已疲软的美国经济复苏构成威胁。即使最坏的情况没有发生，大幅的价格波动和价格操纵的指控也可能损害公众对金融市场的信心，从而使人们更不愿意投资退休和其他项目。</blockquote></p><p>Warren Buffett once said about stock market behavior: “The light can at any time go from green to red without pausing at yellow.”</p><p><blockquote>沃伦-巴菲特曾这样评价股市的行为： “灯光可以随时从绿色变为红色，而不会在黄色时暂停”。</blockquote></p><p>What he meant was that markets can turn on a dime and plunge. He saw these moments as opportunities to find deals in the market, but for most people they result in panic, heavy losses and economic consequences like mass unemployment — as we saw in 1929, 2000 and 2008.</p><p><blockquote>他的意思是，市场可以暴跌。他认为这些时刻是在市场上寻找交易的机会，但对大多数人来说，它们会导致恐慌、重大损失和大规模失业等经济后果——正如我们在1929年、2000年和2008年看到的那样。</blockquote></p><p>There’s no particular reason it won’t happen again.</p><p><blockquote>没有什么特别的理由不会再次发生。</blockquote></p><p><i>Alexander Kurov is a professor of finance and holds the Fred T. Tattersall Research Chair in Finance at West Virginia University In Morgantown. This was first published byThe Conversation— “Wall Street isn’t just a casino where traders can bet on GameStop and other stocks – it’s essential to keeping capitalism from crashing“.</i></p><p><blockquote><i>亚历山大·库洛夫是摩根敦西弗吉尼亚大学的金融学教授，并担任弗雷德·T·塔特索尔金融研究主席。这篇文章最初由《对话》杂志发表--“华尔街不仅仅是一个赌场，交易员可以在这里押注游戏驿站和其他股票--它对于防止资本主义崩溃至关重要”。</i></blockquote></p><p></p>","source":"lsy1603348471595","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 dark side of the GameStop bubble: Driving stock prices to the moon can hurt America<blockquote>游戏驿站泡沫的阴暗面：将股价推向月球可能会伤害美国</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 dark side of the GameStop bubble: Driving stock prices to the moon can hurt America<blockquote>游戏驿站泡沫的阴暗面：将股价推向月球可能会伤害美国</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">marketwatch</strong><span class=\"h-time small\">2021-02-05 13:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Shares of GameStop and other companies or assets that shot upin value in recent weeks are now dropping like stones. While I feel sorry for the many investors who will likely lose a lot of money, the stocks’ return to Earth is actually a good thing — if you want to avoid financial meltdown to the long list of crises the U.S. is facing.</p><p><blockquote>游戏驿站和其他最近几周价值飙升的公司或资产的股票现在像石头一样下跌。虽然我为许多可能会损失大量资金的投资者感到遗憾，但如果你想避免美国面临的一长串危机中的金融崩溃，那么这些股票的回归实际上是一件好事。</blockquote></p><p>The reason has to do with what financial markets are — and what they are not — as well as what happens when prices of stocks and other securities become untethered from the fundamental value of the assets they’re meant to represent.</p><p><blockquote>原因与金融市场是什么有关，也与金融市场不是什么有关，还与股票和其他证券的价格不受其所代表资产基本价值的约束有关。</blockquote></p><p>As a finance professor who does research on how markets respond to new information, I believe it is important to maintain a close link between security prices and fundamentals. When that stops happening, a market collapse may be not far behind.</p><p><blockquote>作为一名研究市场如何应对新信息的金融学教授，我认为保持证券价格和基本面之间的密切联系非常重要。当这种情况停止发生时，市场崩溃可能就不远了。</blockquote></p><p>Capital markets aren’t casinos</p><p><blockquote>资本市场不是赌场</blockquote></p><p>Some have portrayed GameStopGME,-42.11%as a David vs. Goliath story. According to that narrative, the big guys on Wall Street have been getting rich gambling on the stock marketSPX,+1.09%for years. What’s the problem when the little guy gets a chance?</p><p><blockquote>一些人将 GameStopGME,-42.11% 描绘成大卫大战歌利亚的故事。根据这种说法，华尔街的大佬们多年来一直在股市上赌博致富SPX，+1.09%。小家伙有机会有什么问题？</blockquote></p><p>The first thing to keep in mind is that markets aren’t a big casino, as some seem to believe. Their core purpose is to efficiently connect investors with companies and other organizations that will make the most productive use of their cash.</p><p><blockquote>首先要记住的是，市场并不像有些人认为的那样是一个大赌场。他们的核心目的是有效地将投资者与公司和其他组织联系起来，以最有效地利用他们的现金。</blockquote></p><p>Accurate market prices, meant to reflect a company’s expected profits and overall risk level, provide an important signal to investors whether they should hand over their money and what they should get in return. Companies like AppleAAPL,+2.58%and AmazonAMZN,+0.56%simply would not exist as we know them today without access to capital markets.</p><p><blockquote>准确的市场价格旨在反映公司的预期利润和整体风险水平，为投资者提供了一个重要信号，告诉他们是否应该交出资金以及应该得到什么回报。如果没有进入资本市场，像苹果AAPL（+2.58%）和亚马逊ZN（+0.56%）这样的公司根本就不会存在。</blockquote></p><p>The more jaundiced view of markets focuses on episodes when markets seemingly go crazy and on the speculative gambling behavior of some traders, such as hedge funds. The GameStop saga feeds into this storyline.</p><p><blockquote>更偏执的市场观点集中在市场看似疯狂的事件以及一些交易者（如对冲基金）的投机性赌博行为上。游戏驿站传奇融入了这个故事情节。</blockquote></p><p>But GameStop also illustrates what happens when stock prices don’t reflect reality.</p><p><blockquote>但游戏驿站也说明了当股票价格不能反映现实时会发生什么。</blockquote></p><p>The GameStop bubble</p><p><blockquote>游戏驿站泡沫</blockquote></p><p>GameStop fundamentals are, to put it mildly, lackluster.</p><p><blockquote>说得委婉些，游戏驿站的基本面黯淡无光。</blockquote></p><p>The company is a brick-and-mortar chain of video game stores. Most video game sales now take place as digital downloads. GameStop has been slow to adapt to this new reality. Its revenue peaked in 2012 at US$9.55 billion and had dropped by a third as of 2019. It hasn’t earned a profit since 2017. Put simply, it is a money-losing company in a competitive and quickly changing industry.</p><p><blockquote>该公司是一家实体视频游戏连锁店。现在大多数视频游戏销售都是以数字下载的形式进行的。游戏驿站在适应这一新现实方面进展缓慢。其收入在 2012 年达到峰值，达到 95.5 亿美元，截至 2019 年下降了三分之一。自 2017 年以来，该公司一直没有盈利。简单地说，在竞争激烈、变化迅速的行业中，它是一家亏损的公司。</blockquote></p><p>The recent speculative frenzy, however, increased the GameStop stock price from under $20 in early January to as high as $483 in a little over two weeks, driven by retail investors on Reddit who coordinated their buying to harm hedge funds, costing the professionals billions of dollars.</p><p><blockquote>然而，最近的投机狂潮使游戏驿站股价在两周多一点的时间里从1月初的不到20美元上涨到483美元，这是由Reddit上的散户投资者推动的，他们协调购买以损害对冲基金的利益，使专业人士损失了数十亿美元。</blockquote></p><p>It is clearly a speculative price bubble and has some characteristics of a Ponzi scheme. Many small investors who “get on the train” late and buy at the inflated prices — especially those attracted by the extreme price moves and media coverage — will be left holding the bag.</p><p><blockquote>这显然是一个投机性的价格泡沫，具有庞氏骗局的一些特征。许多 “上车 ”较晚、以虚高的价格买入的小投资者--尤其是那些被极端价格变动和媒体报道所吸引的小投资者--将只能背负重担。</blockquote></p><p>And sooner or later, the stock price will likely come back to Earth to a level that can be supported by the fundamentals of the company. Before midday on Feb. 4, shares were trading near $70for the first time since Jan. 25.</p><p><blockquote>迟早，股价可能会回到可以得到公司基本面支撑的水平。2月4日中午之前，股价自1月25日以来首次接近70美元。</blockquote></p><p>The problems begin when that doesn’t happen until too late.</p><p><blockquote>当为时已晚时，问题就开始了。</blockquote></p><p>Bubbles are made to pop</p><p><blockquote>泡泡是为了破裂</blockquote></p><p>Financial markets are made up of people. People are imperfect, and so are markets. This means market prices are not always “right” — and it’s often hard to know what the “right” price is.</p><p><blockquote>金融市场是由人组成的。人是不完美的，市场也是如此。这意味着市场价格并不总是 “正确 ”的--而且往往很难知道什么是 “正确 ”的价格。</blockquote></p><p>That is true when it comes to the price bubbles in individual stocks like GameStop. But it’s also true on a much bigger scale, when it comes to a market as a whole.</p><p><blockquote>当谈到游戏驿站等个股的价格泡沫时，情况确实如此。但在更大的范围内，就整个市场而言，情况也是如此。</blockquote></p><p>Price bubbles and crashes are good for neither Wall Street nor Main Street. When the dot-com bubble popped in 2000 — after prices of dozens of tech stocks soared exponentially in the late 1990s — an economic recession followed soon after. The bursting of a housing bubble in 2008 triggered a global financial crisis and the Great Recession.</p><p><blockquote>价格泡沫和崩盘对华尔街和大街都没有好处。2000 年互联网泡沫破裂时——此前数十只科技股的价格在 20 世纪 90 年代末呈指数级飙升——经济衰退随之而来。2008年房地产泡沫的破裂引发了全球金融危机和大衰退。</blockquote></p><p>Too much momentum</p><p><blockquote>动量太大</blockquote></p><p>So markets fail sometimes, and we need sensible regulation and enforcement to make such failures less likely.</p><p><blockquote>因此，市场有时会失灵，我们需要明智的监管和执法来降低这种失灵的可能性。</blockquote></p><p>Taken in isolation, the GameStop craze is unlikely to trigger a disruption to the overall stock market, especially if its price continues to fall more in line with the company’s fundamental value. Unfortunately, this was not an isolated case. Nor was GameStop the first sign of problems.</p><p><blockquote>单独来看，游戏驿站热潮不太可能引发整体股市的混乱，尤其是如果股价继续下跌，更符合公司的基本价值的话。不幸的是，这不是一个孤立的案例。游戏驿站也不是问题的第一个迹象。</blockquote></p><p>In recent days, Reddit users have also driven up the prices of silverSI00,0.61% and companies such as BlackBerryBB,+1.25%and movie theater giant AMC EntertainmentAMC,-20.96%.Popular trading apps like Robinhood have made trading easy, fun and basically free.</p><p><blockquote>最近几天，Reddit 用户还推高了 silverSI00,0.61% 以及 BlackBerryBB,+1.25% 和电影院巨头 AMC EntertainmentAMC,-20.96% 等公司的价格。 Robinhood 等流行交易应用程序使交易变得简单、有趣且基本上免费。</blockquote></p><p></p><p>The share price of TeslaTSLA,-0.55%,for example, skyrocketed 720% last year, in large part when investors bought the stock because it was already rising. This is called momentum investing, a trading strategy in which investors buy securities because they are going up — selling them only when they think the price has peaked.</p><p><blockquote>例如，TeslaTSLA 的股价（-0.55%）去年飙升了 720%，这在很大程度上是因为投资者购买了该股，因为该股已经在上涨。这被称为动量投资，这是一种交易策略，投资者购买证券是因为它们正在上涨——只有当他们认为价格已经见顶时才卖出它们。</blockquote></p><p>If this continues, it will likely lead to more financial bubbles and crashes that could make it harder for companies to raise capital, posing a threat to the already limping U.S. economic recovery. Even if the worst doesn’t happen, large price movements and allegations of price manipulation could hurt public confidence in financial markets, which would make people more reluctant to invest in retirement and other programs.</p><p><blockquote>如果这种情况持续下去，可能会导致更多的金融泡沫和崩溃，这可能会使企业更难筹集资金，对本已疲软的美国经济复苏构成威胁。即使最坏的情况没有发生，大幅的价格波动和价格操纵的指控也可能损害公众对金融市场的信心，从而使人们更不愿意投资退休和其他项目。</blockquote></p><p>Warren Buffett once said about stock market behavior: “The light can at any time go from green to red without pausing at yellow.”</p><p><blockquote>沃伦-巴菲特曾这样评价股市的行为： “灯光可以随时从绿色变为红色，而不会在黄色时暂停”。</blockquote></p><p>What he meant was that markets can turn on a dime and plunge. He saw these moments as opportunities to find deals in the market, but for most people they result in panic, heavy losses and economic consequences like mass unemployment — as we saw in 1929, 2000 and 2008.</p><p><blockquote>他的意思是，市场可以暴跌。他认为这些时刻是在市场上寻找交易的机会，但对大多数人来说，它们会导致恐慌、重大损失和大规模失业等经济后果——正如我们在1929年、2000年和2008年看到的那样。</blockquote></p><p>There’s no particular reason it won’t happen again.</p><p><blockquote>没有什么特别的理由不会再次发生。</blockquote></p><p><i>Alexander Kurov is a professor of finance and holds the Fred T. Tattersall Research Chair in Finance at West Virginia University In Morgantown. This was first published byThe Conversation— “Wall Street isn’t just a casino where traders can bet on GameStop and other stocks – it’s essential to keeping capitalism from crashing“.</i></p><p><blockquote><i>亚历山大·库洛夫是摩根敦西弗吉尼亚大学的金融学教授，并担任弗雷德·T·塔特索尔金融研究主席。这篇文章最初由《对话》杂志发表--“华尔街不仅仅是一个赌场，交易员可以在这里押注游戏驿站和其他股票--它对于防止资本主义崩溃至关重要”。</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/the-dark-side-of-the-gamestop-bubble-driving-stock-prices-to-the-moon-can-hurt-america-11612457839?mod=home-page\">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/b72bab52a7d49e9d26088350ab4826c1","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.marketwatch.com/story/the-dark-side-of-the-gamestop-bubble-driving-stock-prices-to-the-moon-can-hurt-america-11612457839?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180970570","content_text":"Shares of GameStop and other companies or assets that shot upin value in recent weeks are now dropping like stones. While I feel sorry for the many investors who will likely lose a lot of money, the stocks’ return to Earth is actually a good thing — if you want to avoid financial meltdown to the long list of crises the U.S. is facing.The reason has to do with what financial markets are — and what they are not — as well as what happens when prices of stocks and other securities become untethered from the fundamental value of the assets they’re meant to represent.As a finance professor who does research on how markets respond to new information, I believe it is important to maintain a close link between security prices and fundamentals. When that stops happening, a market collapse may be not far behind.Capital markets aren’t casinosSome have portrayed GameStopGME,-42.11%as a David vs. Goliath story. According to that narrative, the big guys on Wall Street have been getting rich gambling on the stock marketSPX,+1.09%for years. What’s the problem when the little guy gets a chance?The first thing to keep in mind is that markets aren’t a big casino, as some seem to believe. Their core purpose is to efficiently connect investors with companies and other organizations that will make the most productive use of their cash.Accurate market prices, meant to reflect a company’s expected profits and overall risk level, provide an important signal to investors whether they should hand over their money and what they should get in return. Companies like AppleAAPL,+2.58%and AmazonAMZN,+0.56%simply would not exist as we know them today without access to capital markets.The more jaundiced view of markets focuses on episodes when markets seemingly go crazy and on the speculative gambling behavior of some traders, such as hedge funds. The GameStop saga feeds into this storyline.But GameStop also illustrates what happens when stock prices don’t reflect reality.The GameStop bubbleGameStop fundamentals are, to put it mildly, lackluster.The company is a brick-and-mortar chain of video game stores. Most video game sales now take place as digital downloads. GameStop has been slow to adapt to this new reality. Its revenue peaked in 2012 at US$9.55 billion and had dropped by a third as of 2019. It hasn’t earned a profit since 2017. Put simply, it is a money-losing company in a competitive and quickly changing industry.The recent speculative frenzy, however, increased the GameStop stock price from under $20 in early January to as high as $483 in a little over two weeks, driven by retail investors on Reddit who coordinated their buying to harm hedge funds, costing the professionals billions of dollars.It is clearly a speculative price bubble and has some characteristics of a Ponzi scheme. Many small investors who “get on the train” late and buy at the inflated prices — especially those attracted by the extreme price moves and media coverage — will be left holding the bag.And sooner or later, the stock price will likely come back to Earth to a level that can be supported by the fundamentals of the company. Before midday on Feb. 4, shares were trading near $70for the first time since Jan. 25.The problems begin when that doesn’t happen until too late.Bubbles are made to popFinancial markets are made up of people. People are imperfect, and so are markets. This means market prices are not always “right” — and it’s often hard to know what the “right” price is.That is true when it comes to the price bubbles in individual stocks like GameStop. But it’s also true on a much bigger scale, when it comes to a market as a whole.Price bubbles and crashes are good for neither Wall Street nor Main Street. When the dot-com bubble popped in 2000 — after prices of dozens of tech stocks soared exponentially in the late 1990s — an economic recession followed soon after. The bursting of a housing bubble in 2008 triggered a global financial crisis and the Great Recession.Too much momentumSo markets fail sometimes, and we need sensible regulation and enforcement to make such failures less likely.Taken in isolation, the GameStop craze is unlikely to trigger a disruption to the overall stock market, especially if its price continues to fall more in line with the company’s fundamental value. Unfortunately, this was not an isolated case. Nor was GameStop the first sign of problems.In recent days, Reddit users have also driven up the prices of silverSI00,0.61% and companies such as BlackBerryBB,+1.25%and movie theater giant AMC EntertainmentAMC,-20.96%.Popular trading apps like Robinhood have made trading easy, fun and basically free.The share price of TeslaTSLA,-0.55%,for example, skyrocketed 720% last year, in large part when investors bought the stock because it was already rising. This is called momentum investing, a trading strategy in which investors buy securities because they are going up — selling them only when they think the price has peaked.If this continues, it will likely lead to more financial bubbles and crashes that could make it harder for companies to raise capital, posing a threat to the already limping U.S. economic recovery. Even if the worst doesn’t happen, large price movements and allegations of price manipulation could hurt public confidence in financial markets, which would make people more reluctant to invest in retirement and other programs.Warren Buffett once said about stock market behavior: “The light can at any time go from green to red without pausing at yellow.”What he meant was that markets can turn on a dime and plunge. He saw these moments as opportunities to find deals in the market, but for most people they result in panic, heavy losses and economic consequences like mass unemployment — as we saw in 1929, 2000 and 2008.There’s no particular reason it won’t happen again.Alexander Kurov is a professor of finance and holds the Fred T. Tattersall Research Chair in Finance at West Virginia University In Morgantown. This was first published byThe Conversation— “Wall Street isn’t just a casino where traders can bet on GameStop and other stocks – it’s essential to keeping capitalism from crashing“.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":3490,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314911275,"gmtCreate":1612284416197,"gmtModify":1703760022757,"author":{"id":"3562240188467019","authorId":"3562240188467019","name":"koabi","avatar":"https://static.tigerbbs.com/fbb917db7d1d5438831ae45369d18840","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562240188467019","authorIdStr":"3562240188467019"},"themes":[],"title":"","htmlText":"Diamonds hands 👐💎","listText":"Diamonds hands 👐💎","text":"Diamonds hands 👐💎","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/314911275","repostId":"2108789545","repostType":2,"repost":{"id":"2108789545","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1612254026,"share":"https://www.laohunote.com/m/news/2108789545?lang=zh_CN&edition=full","pubTime":"2021-02-02 16:20","market":"us","language":"en","title":"Five things to watch in Reddit stocks trading mania<blockquote>Reddit 股票交易狂热中值得关注的五件事</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2108789545","media":"Reuters","summary":"Feb 2 (Reuters) - Silver dropped more than 4% on Tuesday and GameStop Corp sank 33% in early Eur","content":"<p><html><body>Feb 2 (Reuters) - Silver dropped more than 4% on Tuesday and GameStop Corp sank 33% in early European deals, raising questions about how long a social media-fueled trading frenzy in stocks and other assets would last.</p><p><blockquote><html><body>路透2月2日 - 白银周二下跌逾4%，游戏驿站在欧洲早盘交易中下跌33%，引发了人们对社交媒体引发的股票和其他资产交易狂潮将持续多久的质疑。</body></html></blockquote></p><p> The populist trading rally, organized in online forums such as Reddit's WallStreetBets, has helped attract a flood of retail cash into stocks such as GameStop, burned hedge funds that had bet against the stocks and roiled broader markets.</p><p><blockquote>在 Reddit 的 WallStreetBets 等在线论坛上组织的民粹主义交易集会，帮助吸引了大量零售现金流入游戏驿站等股票，烧毁了做空这些股票的对冲基金，并扰乱了更广泛的市场。</blockquote></p><p> Here are five things to watch on Tuesday:</p><p><blockquote>以下是周二值得关注的五件事：</blockquote></p><p> ** SILVER MARGINS - The rally in silver halted overnight with prices slipping back below $30 after CME Group raised Comex 5000 Silver Futures maintenance margins by 17.9%. Frankfurt-listed shares of GameStop , the trigger for the slugfest between amateur investors and Wall Street hedge funds last week, also plunged 37% at the open following a 19% slide on Monday. </p><p><blockquote>** 白银保证金 - 芝加哥商品交易所集团将 Comex 5000 白银期货维护保证金提高 17.9% 后，白银的涨势隔夜停止，价格回落至 30 美元以下。在法兰克福上市的游戏驿站股价是上周业余投资者和华尔街对冲基金之间争斗的导火索，继周一下跌 19% 后，开盘时也暴跌 37%。</blockquote></p><p> ** BROKER CAPITAL - Robinhood, the easy access brokerage app which has fueled the trades, raised another $2.4 billion in funding on top of the $1 billion it raised last week after its finances were strained by the retail trading frenzy, but will that be enough? </p><p><blockquote>** BROKER CAPITAL - 推动交易的易于访问的经纪应用程序 Robinhood 在上周筹集 10 亿美元资金的基础上，又筹集了 24 亿美元资金，此前该公司的财务状况因零售交易狂潮而紧张，但这足够吗？</blockquote></p><p> ** SHORT OF SHORTS - The number of GameStop shares that were shorted fell by more than half last week as short sellers scrambled to cover their bets due to soaring valuations of stocks they had bet would fall. Still, GameStop short interest stood at $8.82 billion as of Friday, making it the sixth-biggest short by value, according to S3. </p><p><blockquote>**做空——上周被做空的游戏驿站股票数量下降了一半以上，因为卖空者争先恐后地回补他们的押注，因为他们押注会下跌的股票估值飙升。尽管如此，根据 S3 的数据，截至周五，游戏驿站的空头利息仍为 88.2 亿美元，按价值计算，是第六大空头。</blockquote></p><p> ** REDDIT FORUMS - WallStreetBets saw a surge in posts on Monday arguing that the bets on silver were undercutting their focus on GameStop and other popular stocks. Swings in the forum's almost 8 million participants may decide where the pack move next. ** BROADER MARKETS BOUNCE - The S&P 500, hit by the fallout of the battle last week, registered its biggest daily percentage gain since November on Monday. Still, the U.S. stock market which some analysts argue already looks overvalued after a stimulus-powered rally last year, was at risk of falling further if the short squeeze persists. </p><p><blockquote>** REDDIT 论坛 - WallStreetBets 周一的帖子激增，认为对白银的押注削弱了他们对游戏驿站和其他热门股票的关注。论坛近800万参与者的波动可能会决定下一步的走向。** 大盘反弹 - 受上周战争影响的标普500周一录得自 11 月以来最大单日百分比涨幅。尽管如此，一些分析师认为，美国股市在去年刺激经济推动的反弹后看起来已经被高估，如果空头挤压持续下去，美国股市可能会进一步下跌。</blockquote></p><p> (Writing by Sagarika Jaisinghani in Bengaluru; Editing by Bernard Orr)</p><p><blockquote>（作者：Sagarika Jaisinghani，班加罗尔；编辑：Bernard Orr）</blockquote></p><p>((Sagarika.Jaisinghani@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2256))</p><p><blockquote>((Sagarika.Jaisinghani@thomsonreuters.com；美国境内+1 646 223 8780；美国境外+91 80 6182 2256))</blockquote></p><p></body></html></p><p><blockquote></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>Five things to watch in Reddit stocks trading mania<blockquote>Reddit 股票交易狂热中值得关注的五件事</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\">\nFive things to watch in Reddit stocks trading mania<blockquote>Reddit 股票交易狂热中值得关注的五件事</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2021-02-02 16:20</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><body>Feb 2 (Reuters) - Silver dropped more than 4% on Tuesday and GameStop Corp sank 33% in early European deals, raising questions about how long a social media-fueled trading frenzy in stocks and other assets would last.</p><p><blockquote><html><body>路透2月2日 - 白银周二下跌逾4%，游戏驿站在欧洲早盘交易中下跌33%，引发了人们对社交媒体引发的股票和其他资产交易狂潮将持续多久的质疑。</body></html></blockquote></p><p> The populist trading rally, organized in online forums such as Reddit's WallStreetBets, has helped attract a flood of retail cash into stocks such as GameStop, burned hedge funds that had bet against the stocks and roiled broader markets.</p><p><blockquote>在 Reddit 的 WallStreetBets 等在线论坛上组织的民粹主义交易集会，帮助吸引了大量零售现金流入游戏驿站等股票，烧毁了做空这些股票的对冲基金，并扰乱了更广泛的市场。</blockquote></p><p> Here are five things to watch on Tuesday:</p><p><blockquote>以下是周二值得关注的五件事：</blockquote></p><p> ** SILVER MARGINS - The rally in silver halted overnight with prices slipping back below $30 after CME Group raised Comex 5000 Silver Futures maintenance margins by 17.9%. Frankfurt-listed shares of GameStop , the trigger for the slugfest between amateur investors and Wall Street hedge funds last week, also plunged 37% at the open following a 19% slide on Monday. </p><p><blockquote>** 白银保证金 - 芝加哥商品交易所集团将 Comex 5000 白银期货维护保证金提高 17.9% 后，白银的涨势隔夜停止，价格回落至 30 美元以下。在法兰克福上市的游戏驿站股价是上周业余投资者和华尔街对冲基金之间争斗的导火索，继周一下跌 19% 后，开盘时也暴跌 37%。</blockquote></p><p> ** BROKER CAPITAL - Robinhood, the easy access brokerage app which has fueled the trades, raised another $2.4 billion in funding on top of the $1 billion it raised last week after its finances were strained by the retail trading frenzy, but will that be enough? </p><p><blockquote>** BROKER CAPITAL - 推动交易的易于访问的经纪应用程序 Robinhood 在上周筹集 10 亿美元资金的基础上，又筹集了 24 亿美元资金，此前该公司的财务状况因零售交易狂潮而紧张，但这足够吗？</blockquote></p><p> ** SHORT OF SHORTS - The number of GameStop shares that were shorted fell by more than half last week as short sellers scrambled to cover their bets due to soaring valuations of stocks they had bet would fall. Still, GameStop short interest stood at $8.82 billion as of Friday, making it the sixth-biggest short by value, according to S3. </p><p><blockquote>**做空——上周被做空的游戏驿站股票数量下降了一半以上，因为卖空者争先恐后地回补他们的押注，因为他们押注会下跌的股票估值飙升。尽管如此，根据 S3 的数据，截至周五，游戏驿站的空头利息仍为 88.2 亿美元，按价值计算，是第六大空头。</blockquote></p><p> ** REDDIT FORUMS - WallStreetBets saw a surge in posts on Monday arguing that the bets on silver were undercutting their focus on GameStop and other popular stocks. Swings in the forum's almost 8 million participants may decide where the pack move next. ** BROADER MARKETS BOUNCE - The S&P 500, hit by the fallout of the battle last week, registered its biggest daily percentage gain since November on Monday. Still, the U.S. stock market which some analysts argue already looks overvalued after a stimulus-powered rally last year, was at risk of falling further if the short squeeze persists. </p><p><blockquote>** REDDIT 论坛 - WallStreetBets 周一的帖子激增，认为对白银的押注削弱了他们对游戏驿站和其他热门股票的关注。论坛近800万参与者的波动可能会决定下一步的走向。** 大盘反弹 - 受上周战争影响的标普500周一录得自 11 月以来最大单日百分比涨幅。尽管如此，一些分析师认为，美国股市在去年刺激经济推动的反弹后看起来已经被高估，如果空头挤压持续下去，美国股市可能会进一步下跌。</blockquote></p><p> (Writing by Sagarika Jaisinghani in Bengaluru; Editing by Bernard Orr)</p><p><blockquote>（作者：Sagarika Jaisinghani，班加罗尔；编辑：Bernard Orr）</blockquote></p><p>((Sagarika.Jaisinghani@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2256))</p><p><blockquote>((Sagarika.Jaisinghani@thomsonreuters.com；美国境内+1 646 223 8780；美国境外+91 80 6182 2256))</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CME":"芝加哥商品交易所","GME":"游戏驿站","SLV":"白银ETF-iShares","AMC":"AMC院线"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2108789545","content_text":"Feb 2 (Reuters) - Silver dropped more than 4% on Tuesday and GameStop Corp sank 33% in early European deals, raising questions about how long a social media-fueled trading frenzy in stocks and other assets would last. The populist trading rally, organized in online forums such as Reddit's WallStreetBets, has helped attract a flood of retail cash into stocks such as GameStop, burned hedge funds that had bet against the stocks and roiled broader markets. Here are five things to watch on Tuesday: ** SILVER MARGINS - The rally in silver halted overnight with prices slipping back below $30 after CME Group raised Comex 5000 Silver Futures maintenance margins by 17.9%. Frankfurt-listed shares of GameStop , the trigger for the slugfest between amateur investors and Wall Street hedge funds last week, also plunged 37% at the open following a 19% slide on Monday. ** BROKER CAPITAL - Robinhood, the easy access brokerage app which has fueled the trades, raised another $2.4 billion in funding on top of the $1 billion it raised last week after its finances were strained by the retail trading frenzy, but will that be enough? ** SHORT OF SHORTS - The number of GameStop shares that were shorted fell by more than half last week as short sellers scrambled to cover their bets due to soaring valuations of stocks they had bet would fall. Still, GameStop short interest stood at $8.82 billion as of Friday, making it the sixth-biggest short by value, according to S3. ** REDDIT FORUMS - WallStreetBets saw a surge in posts on Monday arguing that the bets on silver were undercutting their focus on GameStop and other popular stocks. Swings in the forum's almost 8 million participants may decide where the pack move next. ** BROADER MARKETS BOUNCE - The S&P 500, hit by the fallout of the battle last week, registered its biggest daily percentage gain since November on Monday. Still, the U.S. stock market which some analysts argue already looks overvalued after a stimulus-powered rally last year, was at risk of falling further if the short squeeze persists. (Writing by Sagarika Jaisinghani in Bengaluru; Editing by Bernard Orr)((Sagarika.Jaisinghani@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2256))","news_type":1,"symbols_score_info":{"GME":0.9,"SLV":0.9,"AMC":0.9,"GME.AU":0.9,"CME":0.9}},"isVote":1,"tweetType":1,"viewCount":2717,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}