个人中心 - 老虎社区

gurug

IP属地：未知

帖子 · 4帖子 · 4
关注 · 0关注 · 0
粉丝 · 0粉丝 · 0

- guruggurug
  ·2021-12-07
  Oh
  The Ugly Truth About Market Bubbles Is That Everyone Loses
  The bears are always too early and the bulls, who have been conditioned to buy every dip, stay too l
  The Ugly Truth About Market Bubbles Is That Everyone Loses
  1,188 1
  2
  分享
  举报
- guruggurug
  ·2021-12-07
  Oh
  非常抱歉，此主贴已删除
  1,081 评论
  2
  分享
  举报
- guruggurug
  ·2021-12-07
  Oh
  非常抱歉，此主贴已删除
  1,479 3
  3
  分享
  举报
- guruggurug
  ·2021-12-02
  Today is a very red day all around
  U.S. Stocks’ Wall of Worry Rises Far Beyond the Omicron Variant
  Fed rate path, inflation, valuations may all be playing a role Stock declines are much broader than
  U.S. Stocks’ Wall of Worry Rises Far Beyond the Omicron Variant
  990 1
  5
  分享
  举报

热议股票

{"i18n":{"language":"zh_CN"},"isCurrentUser":false,"userPageInfo":{"id":"3570333347569010","uuid":"3570333347569010","gmtCreate":1607239868612,"gmtModify":1638292288855,"name":"gurug","pinyin":"gurug","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/28b875422016d24f4fa1ad8dd7657d82","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":7,"tweetSize":4,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-1","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"出道虎友","description":"加入老虎社区500天","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.04.22","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"35ec162348d5460f88c959321e554969-3","templateUuid":"35ec162348d5460f88c959321e554969","name":"传说交易员","description":"证券或期货账户累计交易次数达到300次","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.02.09","exceedPercentage":"93.42%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"228c86a078844d74991fff2b7ab2428d-3","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资合伙人虎","description":"证券账户累计交易金额达到100万美元","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.01.14","exceedPercentage":"93.31%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":1,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"page":1,"watchlist":null,"tweetList":[{"id":606212203,"gmtCreate":1638884538172,"gmtModify":1638884538172,"author":{"id":"3570333347569010","authorId":"3570333347569010","name":"gurug","avatar":"https://static.tigerbbs.com/28b875422016d24f4fa1ad8dd7657d82","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570333347569010","authorIdStr":"3570333347569010"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/606212203","repostId":"1171622002","repostType":4,"repost":{"id":"1171622002","kind":"news","pubTimestamp":1638883517,"share":"https://ttm.financial/m/news/1171622002?lang=&edition=full","pubTime":"2021-12-07 21:25","market":"us","language":"en","title":"The Ugly Truth About Market Bubbles Is That Everyone Loses","url":"https://stock-news.laohu8.com/highlight/detail?id=1171622002","media":"Bloomberg","summary":"The bears are always too early and the bulls, who have been conditioned to buy every dip, stay too l","content":"<p>The bears are always too early and the bulls, who have been conditioned to buy every dip, stay too long at the party.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cc1d6b85b669c546b0c3820b4be94a95\" tg-width=\"594\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>Bubbles tend to disappoint everyone. Photographer: Peter Macdiarmid/Getty Images</span></p>\n<p>I was chatting a few days ago with one of the smartest hedge fund managers I know. We were talking about the recent carnage in unprofitable&nbsp;tech “dream” stocks, and he reminded me of a time many have forgotten. “From 1995 to 2000, I watched some of the shrewdest managers get annihilated shorting the&nbsp;dot-com bubble,” he said. “By the end, they all went out of business. I then watched the next five years destroy all the long managers who had ridden the euphoria to the upside, until most of the aggressive ones were also sent packing.”</p>\n<p><img src=\"https://static.tigerbbs.com/4dd4c749c67d61c23949a7f474c2d4b9\" tg-width=\"952\" tg-height=\"580\" width=\"100%\" height=\"auto\"></p>\n<p>In hindsight, bubbles always seem obvious and easy to trade. As someone who has experienced more of these than I care to remember, I assure you they are not. Take the mid-2000s real estate episode. With movies such as the&nbsp;“Big Short,”and glowing newspaper articles about hedge fund managers who made fortunes profiting from the real estate collapse, it seems like opportunity was everywhere.</p>\n<p>What we forget is that these trades were successful because so few believed they could happen. I can’t tell you the number of times a young trader tells me, “I wish I had been around back then, ‘cause I would have made a killing!” What they don’t understand is that, in the moment, bubbles are extremely difficult to identify. They are even tougher to trade.</p>\n<p>I’ll never forget trying to take advantage of the real estate mania in 2005. I thought the sector was wildly overpriced. That February, when it appeared the homebuilders had topped and started to roll over, I shorted a basket of homebuilder stocks. The trade worked until April. Then, much to the surprise of the bears, homebuilder shares ripped higher by 35% in the space of two months, and I got shaken out of my short positions.</p>\n<p><img src=\"https://static.tigerbbs.com/e51f2f747898fa96b050df63f1331cf3\" tg-width=\"962\" tg-height=\"543\" width=\"100%\" height=\"auto\"></p>\n<p>The ugly truth about bubbles is that both the bears and the bulls end up losing. The bears are inevitably too early, and by the time the market rolls over, the vast majority have given up. The bulls, who have been conditioned to buy every dip, stay at the party much too late.</p>\n<p>Bubbles used to be rare and encompass entire asset classes. But markets have evolved. Even back almost a decade ago it wasn’t hard to see how the proliferation of hedge funds had decreased the amount of&nbsp;available “alpha,”creating an environment prone to a series of rolling mini-bubbles. As sophisticated investors deployed capital into themes or sectors, the price action encouraged momentum-chasers. This affirmed the belief that the fundamental investors were on to something, causing more buying and resulting in a positive feedback loop.</p>\n<p>Then Covid-19 hit and mini-bubbles became perversely extreme. At the March 2020 crisis bottom, the Goldman Sachs Non-Profitable Technology Index had fallen 40%, attracting short sellers. Then, over the summer, the basket of shares rallied 38% and financial airwaves were filled with gurus like Chamath Palihapitiya and Cathie Wood espousing the virtues of these new technology marvels. And, just like previous bubbles, even the skeptics eventually feared shorting due to the violent rallies. Some 11 months later, this group of stocks had risen an astonishing 478%.</p>\n<p><img src=\"https://static.tigerbbs.com/9f103858e403af7f2a092fa64d7e3724\" tg-width=\"958\" tg-height=\"555\" width=\"100%\" height=\"auto\"></p>\n<p>And yet, here we are. The index has declined 41% from the 2021 high. Surely, there are individual “rock star” investors who made money, but as a group, both the bulls and bears have been beaten up. Most of the vocal bears have stopped forecasting a decline, while the majority of bulls remain long even though many are now underwater on their trades.</p>\n<p>I don’t know the direction of this sector over the short-run, but experience tells me it is a painful bear market with face-ripping rallies that lure bulls back in and forces bears to cover their bets before it resumes its relentless march lower.</p>\n<p>Years from now, with the benefit of hindsight, it will seem obvious these stocks were wildly overvalued. The few investors smart enough to get out at the top, or lean into the short side on the way down, will be celebrated. It will all seem so easy. Yet, in the midst of the actual event, it is anything but.</p>","source":"lsy1584095487587","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 Ugly Truth About Market Bubbles Is That Everyone Loses</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Ugly Truth About Market Bubbles Is That Everyone Loses\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-07 21:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/opinion/articles/2021-12-07/stock-market-the-ugly-truth-about-bubbles-is-everyone-loses?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The bears are always too early and the bulls, who have been conditioned to buy every dip, stay too long at the party.\nBubbles tend to disappoint everyone. Photographer: Peter Macdiarmid/Getty Images\nI...</p>\n\n<a href=\"https://www.bloomberg.com/opinion/articles/2021-12-07/stock-market-the-ugly-truth-about-bubbles-is-everyone-loses?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.bloomberg.com/opinion/articles/2021-12-07/stock-market-the-ugly-truth-about-bubbles-is-everyone-loses?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171622002","content_text":"The bears are always too early and the bulls, who have been conditioned to buy every dip, stay too long at the party.\nBubbles tend to disappoint everyone. Photographer: Peter Macdiarmid/Getty Images\nI was chatting a few days ago with one of the smartest hedge fund managers I know. We were talking about the recent carnage in unprofitable tech “dream” stocks, and he reminded me of a time many have forgotten. “From 1995 to 2000, I watched some of the shrewdest managers get annihilated shorting the dot-com bubble,” he said. “By the end, they all went out of business. I then watched the next five years destroy all the long managers who had ridden the euphoria to the upside, until most of the aggressive ones were also sent packing.”\n\nIn hindsight, bubbles always seem obvious and easy to trade. As someone who has experienced more of these than I care to remember, I assure you they are not. Take the mid-2000s real estate episode. With movies such as the “Big Short,”and glowing newspaper articles about hedge fund managers who made fortunes profiting from the real estate collapse, it seems like opportunity was everywhere.\nWhat we forget is that these trades were successful because so few believed they could happen. I can’t tell you the number of times a young trader tells me, “I wish I had been around back then, ‘cause I would have made a killing!” What they don’t understand is that, in the moment, bubbles are extremely difficult to identify. They are even tougher to trade.\nI’ll never forget trying to take advantage of the real estate mania in 2005. I thought the sector was wildly overpriced. That February, when it appeared the homebuilders had topped and started to roll over, I shorted a basket of homebuilder stocks. The trade worked until April. Then, much to the surprise of the bears, homebuilder shares ripped higher by 35% in the space of two months, and I got shaken out of my short positions.\n\nThe ugly truth about bubbles is that both the bears and the bulls end up losing. The bears are inevitably too early, and by the time the market rolls over, the vast majority have given up. The bulls, who have been conditioned to buy every dip, stay at the party much too late.\nBubbles used to be rare and encompass entire asset classes. But markets have evolved. Even back almost a decade ago it wasn’t hard to see how the proliferation of hedge funds had decreased the amount of available “alpha,”creating an environment prone to a series of rolling mini-bubbles. As sophisticated investors deployed capital into themes or sectors, the price action encouraged momentum-chasers. This affirmed the belief that the fundamental investors were on to something, causing more buying and resulting in a positive feedback loop.\nThen Covid-19 hit and mini-bubbles became perversely extreme. At the March 2020 crisis bottom, the Goldman Sachs Non-Profitable Technology Index had fallen 40%, attracting short sellers. Then, over the summer, the basket of shares rallied 38% and financial airwaves were filled with gurus like Chamath Palihapitiya and Cathie Wood espousing the virtues of these new technology marvels. And, just like previous bubbles, even the skeptics eventually feared shorting due to the violent rallies. Some 11 months later, this group of stocks had risen an astonishing 478%.\n\nAnd yet, here we are. The index has declined 41% from the 2021 high. Surely, there are individual “rock star” investors who made money, but as a group, both the bulls and bears have been beaten up. Most of the vocal bears have stopped forecasting a decline, while the majority of bulls remain long even though many are now underwater on their trades.\nI don’t know the direction of this sector over the short-run, but experience tells me it is a painful bear market with face-ripping rallies that lure bulls back in and forces bears to cover their bets before it resumes its relentless march lower.\nYears from now, with the benefit of hindsight, it will seem obvious these stocks were wildly overvalued. The few investors smart enough to get out at the top, or lean into the short side on the way down, will be celebrated. It will all seem so easy. Yet, in the midst of the actual event, it is anything but.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606212602,"gmtCreate":1638884528211,"gmtModify":1638884528211,"author":{"id":"3570333347569010","authorId":"3570333347569010","name":"gurug","avatar":"https://static.tigerbbs.com/28b875422016d24f4fa1ad8dd7657d82","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570333347569010","authorIdStr":"3570333347569010"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/606212602","repostId":"1104830433","repostType":4,"isVote":1,"tweetType":1,"viewCount":1081,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606212988,"gmtCreate":1638884475671,"gmtModify":1638884475671,"author":{"id":"3570333347569010","authorId":"3570333347569010","name":"gurug","avatar":"https://static.tigerbbs.com/28b875422016d24f4fa1ad8dd7657d82","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570333347569010","authorIdStr":"3570333347569010"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/606212988","repostId":"1114040351","repostType":4,"isVote":1,"tweetType":1,"viewCount":1479,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603748682,"gmtCreate":1638456216075,"gmtModify":1638456216075,"author":{"id":"3570333347569010","authorId":"3570333347569010","name":"gurug","avatar":"https://static.tigerbbs.com/28b875422016d24f4fa1ad8dd7657d82","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570333347569010","authorIdStr":"3570333347569010"},"themes":[],"htmlText":"Today is a very red day all around","listText":"Today is a very red day all around","text":"Today is a very red day all around","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/603748682","repostId":"1139890977","repostType":2,"repost":{"id":"1139890977","kind":"news","pubTimestamp":1638426308,"share":"https://ttm.financial/m/news/1139890977?lang=&edition=full","pubTime":"2021-12-02 14:25","market":"us","language":"en","title":"U.S. Stocks’ Wall of Worry Rises Far Beyond the Omicron Variant","url":"https://stock-news.laohu8.com/highlight/detail?id=1139890977","media":"Bloomberg","summary":"Fed rate path, inflation, valuations may all be playing a role\nStock declines are much broader than ","content":"<ul>\n <li>Fed rate path, inflation, valuations may all be playing a role</li>\n <li>Stock declines are much broader than from delta pullback</li>\n</ul>\n<p>Investors are worrying about a lot more than just the omicron variant, if recent market moves are anything to go by.</p>\n<p>While the newly discovered virus strain has been one of the main catalysts for the recent slump in U.S. stocks, action under the surface points to concerns about the Federal Reserve, inflation, valuations, year-end volatility and perhaps even some some profit-taking after a solid year of gains.</p>\n<p>The selloff is the broadest since the worst pandemic fears last year, at least according to a&nbsp;gauget&nbsp;racking shares hitting 52-week lows relative to those at highs.</p>\n<p><img src=\"https://static.tigerbbs.com/0ef9e660ce9da97a30717aa4eda6016f\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"></p>\n<p>“Both Covid headlines and the perception that the Fed will tighten in the face of a negative shock to the economy are weighing on equities,” said Peter Berezin of BCA Research.</p>\n<p><b>Delta Blues</b></p>\n<p>When the delta variant was emerging as a concern, investors rotated to stay-at-home and defensive growth stocks, and away from reopening shares.</p>\n<p>This time around, a wider swath of the market has suffered -- including technology names that should benefit from further restrictions such as&nbsp;Zoom Video Communications Inc.&nbsp;and&nbsp;Netflix Inc.</p>\n<p>The Nasdaq 100 Index -- which rose 14% during the ‘peak’ delta months of June, July and August -- has fallen 3% since Thanksgiving, when omicron first hit the attention of traders.</p>\n<p>The weakness is especially noticeable as bond yields are falling, a move which usually helps investors justify high-priced valuations for growth stocks though also a signal of concern over the outlook for the economy.</p>\n<p>“The problem is U.S. equity valuations, which have been priced for perfection and now confront a noticeably less-perfect world,” said Nicholas Colas, co-founder of DataTrek Research. “We won’t know much about the latest pandemic variant for a few weeks, and 10-year Treasuries are flashing yellow about future economic growth.”</p>\n<p><img src=\"https://static.tigerbbs.com/d3a39510347b6a47d23a40a72ddb9b9f\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"></p>\n<p>Investor concern over inflation is still prevalent, especially the worry it will force the Fed to jack up rates sooner-than-expected, putting the pandemic recovery under threat.</p>\n<p>Jerome Powell told Congress this week the Fed will consider ending its asset purchases earlier than planned, tapering the stimulus that has helped fuel this year’s record stock rally.</p>\n<p>“The real issue is the fear of liquidity coming out of the system, not so much the variant,” Alicia Levine, head of equities and capital markets advisory at BNY Mellon Wealth Management, said on Bloomberg Television. Liquidity “has really driven markets for the last 20 months and has made everybody a genius and everybody a winner. Now it’s going to get a little bit more complicated.”</p>\n<p><b>Seasonal Swings</b></p>\n<p>The sharp selloff has blindsided investors contemplating the chances of a year-end rally to cap a stellar 2021 for stocks. The S&amp;P 500 closed at an all-time high on Nov. 18, up almost 27% for the year. It has fallen about 4% since.</p>\n<p>The last month of the year traditionally sees investors dialing back risk and an increase in price swings as trading volumes dry up. Over the last decade, the Cboe Volatility Index has jumped by 12% on average in December.</p>\n<p>“Stock investors’ knee-jerk reaction may continue to be to take profits before the end of the year,” said Ed Yardeni, president of Yardeni Research. “The Santa Claus rally started early this year. The question is whether it is over already.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stocks’ Wall of Worry Rises Far Beyond the Omicron Variant</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stocks’ Wall of Worry Rises Far Beyond the Omicron Variant\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-02 14:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-02/u-s-stocks-wall-of-worry-rises-far-beyond-the-omicron-variant><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fed rate path, inflation, valuations may all be playing a role\nStock declines are much broader than from delta pullback\n\nInvestors are worrying about a lot more than just the omicron variant, if ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-02/u-s-stocks-wall-of-worry-rises-far-beyond-the-omicron-variant\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-02/u-s-stocks-wall-of-worry-rises-far-beyond-the-omicron-variant","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139890977","content_text":"Fed rate path, inflation, valuations may all be playing a role\nStock declines are much broader than from delta pullback\n\nInvestors are worrying about a lot more than just the omicron variant, if recent market moves are anything to go by.\nWhile the newly discovered virus strain has been one of the main catalysts for the recent slump in U.S. stocks, action under the surface points to concerns about the Federal Reserve, inflation, valuations, year-end volatility and perhaps even some some profit-taking after a solid year of gains.\nThe selloff is the broadest since the worst pandemic fears last year, at least according to a gauget racking shares hitting 52-week lows relative to those at highs.\n\n“Both Covid headlines and the perception that the Fed will tighten in the face of a negative shock to the economy are weighing on equities,” said Peter Berezin of BCA Research.\nDelta Blues\nWhen the delta variant was emerging as a concern, investors rotated to stay-at-home and defensive growth stocks, and away from reopening shares.\nThis time around, a wider swath of the market has suffered -- including technology names that should benefit from further restrictions such as Zoom Video Communications Inc. and Netflix Inc.\nThe Nasdaq 100 Index -- which rose 14% during the ‘peak’ delta months of June, July and August -- has fallen 3% since Thanksgiving, when omicron first hit the attention of traders.\nThe weakness is especially noticeable as bond yields are falling, a move which usually helps investors justify high-priced valuations for growth stocks though also a signal of concern over the outlook for the economy.\n“The problem is U.S. equity valuations, which have been priced for perfection and now confront a noticeably less-perfect world,” said Nicholas Colas, co-founder of DataTrek Research. “We won’t know much about the latest pandemic variant for a few weeks, and 10-year Treasuries are flashing yellow about future economic growth.”\n\nInvestor concern over inflation is still prevalent, especially the worry it will force the Fed to jack up rates sooner-than-expected, putting the pandemic recovery under threat.\nJerome Powell told Congress this week the Fed will consider ending its asset purchases earlier than planned, tapering the stimulus that has helped fuel this year’s record stock rally.\n“The real issue is the fear of liquidity coming out of the system, not so much the variant,” Alicia Levine, head of equities and capital markets advisory at BNY Mellon Wealth Management, said on Bloomberg Television. Liquidity “has really driven markets for the last 20 months and has made everybody a genius and everybody a winner. Now it’s going to get a little bit more complicated.”\nSeasonal Swings\nThe sharp selloff has blindsided investors contemplating the chances of a year-end rally to cap a stellar 2021 for stocks. The S&P 500 closed at an all-time high on Nov. 18, up almost 27% for the year. It has fallen about 4% since.\nThe last month of the year traditionally sees investors dialing back risk and an increase in price swings as trading volumes dry up. Over the last decade, the Cboe Volatility Index has jumped by 12% on average in December.\n“Stock investors’ knee-jerk reaction may continue to be to take profits before the end of the year,” said Ed Yardeni, president of Yardeni Research. “The Santa Claus rally started early this year. The question is whether it is over already.”","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":990,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"posts","isTTM":false}