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- Bob316Bob316
  ·2021-10-12
  $SINGAPORE AIRLINES LTD(C6L.SI)$gogo
  3,950 评论
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- Bob316Bob316
  ·2021-10-11
  Price shoot up after Singapore government open up their lanes with different countries. $SINGAPOREAIRLINES LTD(C6L.SI)$
  3,064 评论
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- Bob316Bob316
  ·2021-10-03
  $SINGAPORE AIRLINES LTD(C6L.SI)$time to enter when it's below SGD5fill up your holding!
  2,842 评论
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- Bob316Bob316
  ·2021-09-29
  may hit even higher
  非常抱歉，此主贴已删除
  3,238 2
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- Bob316Bob316
  ·2021-09-29
  worrying
  Technically Speaking: Is The Market "Melting-Up?"<blockquote>从技术上讲：市场正在“融化”吗？</blockquote>
  Summary Given the Fed’s ongoing balance sheet operations, investors fully believe they have protect
  Technically Speaking: Is The Market "Melting-Up?"<blockquote>从技术上讲：市场正在“融化”吗？</blockquote>
  2,359 评论
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- Bob316Bob316
  ·2021-09-29
  $UOL GROUP LIMITED(U14.SI)$buying at 6.80.hope to hit 6.80 by today
  4,882 评论
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- Bob316Bob316
  ·2021-09-28
  i watch finish in 1 day
  Netflix Says ‘Squid Game’ Could Be Its Biggest Show Ever<blockquote>Netflix 称《鱿鱼游戏》可能成为其有史以来最大的剧集</blockquote>
  Squid Game, a Korean-language survival story launched on Netflix earlier this month, is on target to
  Netflix Says ‘Squid Game’ Could Be Its Biggest Show Ever<blockquote>Netflix 称《鱿鱼游戏》可能成为其有史以来最大的剧集</blockquote>
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- Bob316Bob316
  ·2021-09-27
  gg
  非常抱歉，此主贴已删除
  4,010 1
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- Bob316Bob316
  ·2021-09-21
  like
  SEC Is Investigating Activision Blizzard Over Workplace Practices, Disclosures<blockquote>美国证券交易委员会正在调查动视暴雪的工作场所行为和披露</blockquote>
  Videogame company also in talks to settle probe by Equal Employment Opportunity Commission Activisio
  SEC Is Investigating Activision Blizzard Over Workplace Practices, Disclosures<blockquote>美国证券交易委员会正在调查动视暴雪的工作场所行为和披露</blockquote>
  3,973 评论
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- Bob316Bob316
  ·2021-09-21
  good
  非常抱歉，此主贴已删除
  2,746 评论
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href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>gogo","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>gogo","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$gogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/826251638","isVote":1,"tweetType":1,"viewCount":3950,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":828212580,"gmtCreate":1633916025107,"gmtModify":1633916517449,"author":{"id":"3571747456397623","authorId":"3571747456397623","name":"Bob316","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571747456397623","idStr":"3571747456397623"},"themes":[],"title":"","htmlText":"Price shoot up after Singapore government open up their lanes with different countries. $SINGAPORE<a href=\"https://laohu8.com/S/C6L.SI\">AIRLINES LTD(C6L.SI)$</a>","listText":"Price shoot up after Singapore government open up their lanes with different countries. $SINGAPORE<a href=\"https://laohu8.com/S/C6L.SI\">AIRLINES LTD(C6L.SI)$</a>","text":"Price shoot up after Singapore government open up their lanes with different countries. $SINGAPOREAIRLINES LTD(C6L.SI)$","images":[{"img":"https://static.tigerbbs.com/848fb048e3479c8f41ad2e0399aa4470","width":"1440","height":"4132"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/828212580","isVote":1,"tweetType":1,"viewCount":3064,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":867884187,"gmtCreate":1633237679274,"gmtModify":1633237679479,"author":{"id":"3571747456397623","authorId":"3571747456397623","name":"Bob316","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571747456397623","idStr":"3571747456397623"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a><a href=\"https://laohu8.com/S/C6L.SI\"></a>time to enter when it's below SGD5fill up your holding!","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a><a href=\"https://laohu8.com/S/C6L.SI\"></a>time to enter when it's below SGD5fill up your holding!","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$time to enter when it's below SGD5fill up your holding!","images":[{"img":"https://static.tigerbbs.com/880d29b395792156fcda5b97772ca128","width":"1440","height":"4132"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/867884187","isVote":1,"tweetType":1,"viewCount":2842,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":862278025,"gmtCreate":1632885765579,"gmtModify":1632885793329,"author":{"id":"3571747456397623","authorId":"3571747456397623","name":"Bob316","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571747456397623","idStr":"3571747456397623"},"themes":[],"title":"","htmlText":"may hit even higher","listText":"may hit even higher","text":"may hit even 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10:31","market":"us","language":"en","title":"Technically Speaking: Is The Market \"Melting-Up?\"<blockquote>从技术上讲：市场正在“融化”吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1198528044","media":"seekingalpha","summary":"Summary\n\nGiven the Fed’s ongoing balance sheet operations, investors fully believe they have protect","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.</li>  <li>As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.</li>  <li>While it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent “this time is different”.</li> </ul> Is the<i>“market melting-up?”</i>Such was the question I received from my colleague at<i>Cut The Crap Investing.</i>It is an excellent question given the relentless increase in what investors believe is a<i>“no risk”</i>market.</p><p><blockquote><ul><li>鉴于美联储正在进行的资产负债表操作，投资者完全相信他们可以免受下跌的影响。</li><li>一如既往，投资公众相信未来的收益将证明熔化期间价格上涨是合理的。只是从来没有那样的结果。</li><li>虽然在融化过程中利用融化的机会至关重要，但不要过于自满 “这次不同了”。</li></ul>是<i>“市场融化？”</i>这是我从同事那里得到的问题<i>减少垃圾投资。</i>这是一个很好的问题，因为投资者认为<i>“无风险”</i>市场。</blockquote></p><p> Of course, we need a definition of precisely what constitutes a melt-up.</p><p><blockquote>当然，我们需要一个定义，准确地定义什么是熔化。</blockquote></p><p>   <i>“A melt-up is a sustained and often unexpected improvement in the investment performance of an asset or asset class, driven partly</i>  <i><b>by a stampede of investors who don’t want to miss out on its rise,</b></i>  <i>rather than by fundamental improvements in the economy.“</i>–  <i>Investopedia</i>  Currently, there is sufficient evidence to support the idea of an exuberant market.<b><i>As noted previously:</i></b></p><p><blockquote><i>“融化是指资产或资产类别的投资业绩持续且往往出乎意料的改善，部分原因是</i><i><b>不想错过其上涨机会的投资者蜂拥而至、</b></i><i>而不是经济的根本性改善。”</i>–<i>投资百科</i>目前，有足够的证据支持市场繁荣的观点。<b><i>如前所述：</i></b></blockquote></p><p>   <i>“Near peaks of market cycles, investors become swept up by the underlying exuberance. That exuberance breeds the “rationalization” that “this time is different.” So how do you know the market is exuberant currently? Via Sentiment Trader:”</i>    <i>‘This type of market activity is an indication that markets have returned their ‘enthusiasm’ stage. Such is characterized by:’</i>  <ul>  <li><b><i>High optimism</i></b></li>  <li><b><i>Easy credit (too easy, with loose terms)</i></b></li>  <li><b><i>A rush of initial and secondary offerings</i></b></li>  <li><b><i>Risky stocks outperforming</i></b></li>  <li><b><i>Stretched valuations</i></b></li> </ul> <img src=\"https://static.tigerbbs.com/ff8de3a84084162ca86b415584bbf793\" tg-width=\"731\" tg-height=\"468\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote><i>“在市场周期的顶峰附近，投资者会被潜在的繁荣所吸引。这种繁荣滋生了 “合理化”，即 “这次不同 ”。那么，你如何知道目前的市场是否繁荣呢？通过情绪交易者：”</i><i>这种市场活动表明市场已经回到了'热情'阶段。其特点是：'</i><ul><li><b><i>高度乐观</i></b></li><li><b><i>轻松信贷（太容易，条款宽松）</i></b></li><li><b><i>首次和二次发行的热潮</i></b></li><li><b><i>高风险股票跑赢大盘</i></b></li><li><b><i>拉伸估值</i></b></li></ul></blockquote></p><p> However, while one would expect individuals to exhibit caution in such an environment, the opposite is true. Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.</p><p><blockquote>然而，虽然人们会期望个人在这样的环境中表现出谨慎，但事实恰恰相反。鉴于美联储正在进行的资产负债表操作，投资者完全相信他们可以免受下跌的影响。</blockquote></p><p> <b>A Visualization Of A Market Melting-Up</b></p><p><blockquote><b>市场融化的可视化</b></blockquote></p><p> It is often easier to visualize something rather than explain it.<b>Since 1900, only two previous market periods qualify as a melt-up: 1920-1929 and 1995-2000.</b>The chart below shows both periods in terms of price.</p><p><blockquote>想象一些事情往往比解释它更容易。<b>自 1900 年以来，只有两个之前的市场时期符合融化的条件：1920-1929 年和 1995-2000 年。</b>下图显示了这两个时期的价格。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a218c7efe2ebd874d05c9ff7dd564436\" tg-width=\"797\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/9f193c9c32d55747bf7ff511c2f9fd53\" tg-width=\"793\" tg-height=\"439\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> However, the melt-up is also visually represented by the incredibly sharp rise in valuations. Such is essential because earnings are not rising at a fast enough clip to support higher prices.<b>As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.</b></p><p><blockquote>然而，估值的大幅上涨也直观地体现了这种融化。这一点至关重要，因为盈利增长速度不足以支撑价格上涨。<b>一如既往，投资公众相信未来的收益将证明熔化期间价格上涨是合理的。只是从来没有那样的结果。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/c69e418d5a19d6fd03b305ab111e3be3\" tg-width=\"794\" tg-height=\"440\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/af03d3bbd071b8edfdf3a19e2c7b0bcd\" tg-width=\"796\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> We can compare those two previous periods with the current advance from the March 2020 lows. Again, we see a very similar sharp advance in price combined with a surge in valuations. As expected, investors are currently hoping that future earnings will rise sharply enough to justify current prices. However, the justification for paying high prices is the Federal Reserve’s ongoing balance sheet expansion.</p><p><blockquote>我们可以将前两个时期与当前较 2020 年 3 月低点的进步进行比较。同样，我们看到价格也出现了非常相似的大幅上涨，同时估值也飙升。正如预期的那样，投资者目前希望未来的盈利能够大幅增长，以证明当前的价格是合理的。然而，付出高价的理由是美联储持续的资产负债表扩张。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f3562aea27b24ad4921d0f5cd497e072\" tg-width=\"804\" tg-height=\"444\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The following chart looks that the price advance and valuation measures a little differently. It shows the current deviation from the long-term exponential growth trend. Not surprisingly, during a market<i>“melt-up,”</i>there is a rapid deviation from the growth trend matching the acceleration in valuations.</p><p><blockquote>下图显示，价格上涨和估值的衡量标准略有不同。它显示了当前与长期指数增长趋势的偏差。毫不奇怪，在市场期间<i>“融化，”</i>与估值加速相匹配的增长趋势迅速偏离。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1419cf4b2afdcdc0f61e0cad862f498d\" tg-width=\"836\" tg-height=\"460\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The problem with market<i>“melt-ups”</i>is not the melt-up itself but what always follows.</p><p><blockquote>市场问题<i>“融化”</i>不是熔化本身，而是随之而来的东西。</blockquote></p><p> <b>Melting-Up Leads To Melting-Down</b></p><p><blockquote><b>熔化导致熔化</b></blockquote></p><p> A market melting-up is exciting while it lasts. During melt-ups, investors begin to rationalize why<i>“this time is different.”</i>They start taking on excess leverage to try and capitalize on the rapid advance in prices, and fundamentals take a back seat to price momentum.</p><p><blockquote>市场融化持续下去是令人兴奋的。在融化过程中，投资者开始合理化原因<i>“这次不一样。”</i>他们开始过度使用杠杆，试图利用价格的快速上涨，而基本面则让位于价格动能。</blockquote></p><p></p><p> Market melt-ups are all about<i>“psychology.”</i><b>Historically, whatever has been the catalyst to spark the disregard of risk is readily witnessed in the corresponding surge in price and valuations.</b>The chart below shows the long-term deviations in relative strength, deviations, and valuations. The previous<i>‘melt-up”</i>periods should be easy to spot when compared with the advance currently.</p><p><blockquote>市场融化是关于<i>心理学。</i><b>从历史上看，无论什么催化剂引发了人们对风险的漠视，价格和估值的相应飙升都很容易见证。</b>下图显示了相对强度、偏差和估值的长期偏差。以前的<i>“融化”</i>与目前的进步相比，时期应该很容易发现。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bc04cb25c0199dd17475a551a5dd7ec1\" tg-width=\"869\" tg-height=\"1024\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Given that current extensions match only a few rare periods in history, a couple of points should be readily apparent.</p><p><blockquote>鉴于当前的扩展只与历史上几个罕见的时期相匹配，有几点应该是显而易见的。</blockquote></p><p> <ol>  <li><b><i>Melt-ups can longer than logic would predict.</i></b></li>  <li><b><i>The prevailing psychology is always “this time is different.”</i></b></li>  <li><b><i>Valuations are dismissed in exchange for measures of momentum and forward expectations.</i></b></li>  <li><b><i>Investors take on excess leverage and risk in order to participate in a seemingly “can’t lose” market.</i></b></li>  <li><b><i>Lastly, and inevitably, “melt-ups” end and always in the worst possible outcomes.</i></b></li> </ol> It is essential to recognize the markets are in a<i>“melt-up,</i>” and the duration of that event is unknowable. Therefore, investors need a strategy to participate in the advance and mitigate the damage from the eventual<i>“melting-down.”</i></p><p><blockquote><ol><li><b><i>融化的时间可能比逻辑预测的要长。</i></b></li><li><b><i>流行的心理总是 “这次不一样”。</i></b></li><li><b><i>估值被放弃，以换取势头和前瞻性预期的衡量标准。</i></b></li><li><b><i>投资者为了参与一个看似 “输不起 ”的市场，承担了过多的杠杆和风险。</i></b></li><li><b><i>最后，也是不可避免的，“融化 ”以最坏的结果告终。</i></b></li></ol>必须认识到市场处于<i>“融化，</i>“事件的持续时间不得而知。因此，投资者需要一个策略来参与预先，并减轻最终的损失<i>“融化。”</i></blockquote></p><p> <b>Surviving The Melt-Up</b></p><p><blockquote><b>在融化中幸存下来</b></blockquote></p><p> <b>As noted, none of this means the next</b><b><i>“bear market”</i></b><b>is lurking.</b>Given that a market melting-up is a function of psychology, they can last longer and go further than logic would predict. What is required to “<i>end”</i>a melt-up is an unanticipated exogenous event that changes psychology from bullish to bearish. Such is when the stampede for the exits occurs, and prices decline very quickly.</p><p><blockquote><b>如前所述，这些都不意味着下一个</b><b><i>“熊市”</i></b><b>正在潜伏。</b>鉴于市场融化是心理的一个功能，它们可能会持续更长时间，比逻辑预测的更远。需要什么 “<i>结束”</i>融化是一种意想不到的外部事件，它会将心理从看涨转变为看跌。这就是退出潮发生的时候，价格会迅速下跌。</blockquote></p><p> As such, investors need a set of guidelines to participate in the market advance. But, of course, the hard part is keeping those gains when corrections inevitably occur.</p><p><blockquote>因此，投资者需要一套指导方针来参与市场发展。但是，当然，困难的部分是当调整不可避免地发生时保持这些收益。</blockquote></p><p> As portfolio managers for our clients, such is precisely the approach we must take. Accordingly, I have provided a general overview of the process that we employ.</p><p><blockquote>作为客户的投资组合经理，这正是我们必须采取的方法。因此，我概述了我们采用的流程。</blockquote></p><p> <ol>  <li><i><b>Tighten up stop-loss levels</b></i><i>to current support levels for each position.(Provides identifiable exit points when the market reverses.)</i></li>  <li><i><b>Hedge portfolios</b></i><i>against major market declines.(Non-correlated assets, short-market positions, index put options)</i></li>  <li><i><b>Take profits</b></i><i>in positions that have been big winners(Rebalancing overbought or extended positions to capture gains but continue to participate in the advance.)</i></li>  <li><i><b>Sell laggards</b></i><i>and losers</i>.<i>(If something isn’t working in a market melt-up, it most likely won’t work during a broad decline. Better to eliminate the risk early.)</i></li>  <li><i><b>Raise cash</b></i><i>and rebalance portfolios to target weightings.(Rebalancing risk on a regular basis keeps hidden risks somewhat mitigated.)</i></li> </ol> <b>Notice, nothing in there says,</b><b><i>“sell everything and go to cash.”</i></b></p><p><blockquote><ol><li><i><b>收紧止损水平</b></i><i>每个头寸的当前支撑位。（在市场反转时提供可识别的退出点。）</i></li><li><i><b>对冲投资组合</b></i><i>抵御市场大幅下跌。（不相关资产、空头市场头寸、指数看跌期权）</i></li><li><i><b>获利</b></i><i>在已经成为大赢家的头寸中（重新平衡超买或扩展头寸以获取收益，但继续参与上涨。）</i></li><li><i><b>卖出落后者</b></i><i>和失败者</i>.<i>(如果某种方法在市场融化时不起作用，那么在普遍下跌时很可能也不起作用。最好尽早消除风险）。</i></li><li><i><b>筹集现金</b></i><i>并根据目标权重重新平衡投资组合。（定期重新平衡风险可以在一定程度上减轻隐藏风险。）</i></li></ol><b>注意，里面没写，</b><b><i>“卖掉所有东西，变现。”</i></b></blockquote></p><p> There will be a time to raise significant levels of cash. A good portfolio management strategy will automatically ensure that<i>“stop-loss”</i>levels get triggered, exposure decreases, and cash levels rise when the selling begins.</p><p><blockquote>将会有一段时间大幅筹集现金。良好的投资组合管理策略将自动确保<i>“止损”</i>当销售开始时，水平被触发，风险敞口减少，现金水平上升。</blockquote></p><p> While it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent<i>“this time is different.”</i></p><p><blockquote>虽然在融化过程中利用融化的机会至关重要，但不要过于自满<i>“这次不一样。”</i></blockquote></p><p> It likely isn’t.</p><p><blockquote>很可能不是。</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>Technically Speaking: Is The Market \"Melting-Up?\"<blockquote>从技术上讲：市场正在“融化”吗？</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\">\nTechnically Speaking: Is The Market \"Melting-Up?\"<blockquote>从技术上讲：市场正在“融化”吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-09-29 10:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.</li>  <li>As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.</li>  <li>While it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent “this time is different”.</li> </ul> Is the<i>“market melting-up?”</i>Such was the question I received from my colleague at<i>Cut The Crap Investing.</i>It is an excellent question given the relentless increase in what investors believe is a<i>“no risk”</i>market.</p><p><blockquote><ul><li>鉴于美联储正在进行的资产负债表操作，投资者完全相信他们可以免受下跌的影响。</li><li>一如既往，投资公众相信未来的收益将证明熔化期间价格上涨是合理的。只是从来没有那样的结果。</li><li>虽然在融化过程中利用融化的机会至关重要，但不要过于自满 “这次不同了”。</li></ul>是<i>“市场融化？”</i>这是我从同事那里得到的问题<i>减少垃圾投资。</i>这是一个很好的问题，因为投资者认为<i>“无风险”</i>市场。</blockquote></p><p> Of course, we need a definition of precisely what constitutes a melt-up.</p><p><blockquote>当然，我们需要一个定义，准确地定义什么是熔化。</blockquote></p><p>   <i>“A melt-up is a sustained and often unexpected improvement in the investment performance of an asset or asset class, driven partly</i>  <i><b>by a stampede of investors who don’t want to miss out on its rise,</b></i>  <i>rather than by fundamental improvements in the economy.“</i>–  <i>Investopedia</i>  Currently, there is sufficient evidence to support the idea of an exuberant market.<b><i>As noted previously:</i></b></p><p><blockquote><i>“融化是指资产或资产类别的投资业绩持续且往往出乎意料的改善，部分原因是</i><i><b>不想错过其上涨机会的投资者蜂拥而至、</b></i><i>而不是经济的根本性改善。”</i>–<i>投资百科</i>目前，有足够的证据支持市场繁荣的观点。<b><i>如前所述：</i></b></blockquote></p><p>   <i>“Near peaks of market cycles, investors become swept up by the underlying exuberance. That exuberance breeds the “rationalization” that “this time is different.” So how do you know the market is exuberant currently? Via Sentiment Trader:”</i>    <i>‘This type of market activity is an indication that markets have returned their ‘enthusiasm’ stage. Such is characterized by:’</i>  <ul>  <li><b><i>High optimism</i></b></li>  <li><b><i>Easy credit (too easy, with loose terms)</i></b></li>  <li><b><i>A rush of initial and secondary offerings</i></b></li>  <li><b><i>Risky stocks outperforming</i></b></li>  <li><b><i>Stretched valuations</i></b></li> </ul> <img src=\"https://static.tigerbbs.com/ff8de3a84084162ca86b415584bbf793\" tg-width=\"731\" tg-height=\"468\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote><i>“在市场周期的顶峰附近，投资者会被潜在的繁荣所吸引。这种繁荣滋生了 “合理化”，即 “这次不同 ”。那么，你如何知道目前的市场是否繁荣呢？通过情绪交易者：”</i><i>这种市场活动表明市场已经回到了'热情'阶段。其特点是：'</i><ul><li><b><i>高度乐观</i></b></li><li><b><i>轻松信贷（太容易，条款宽松）</i></b></li><li><b><i>首次和二次发行的热潮</i></b></li><li><b><i>高风险股票跑赢大盘</i></b></li><li><b><i>拉伸估值</i></b></li></ul></blockquote></p><p> However, while one would expect individuals to exhibit caution in such an environment, the opposite is true. Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.</p><p><blockquote>然而，虽然人们会期望个人在这样的环境中表现出谨慎，但事实恰恰相反。鉴于美联储正在进行的资产负债表操作，投资者完全相信他们可以免受下跌的影响。</blockquote></p><p> <b>A Visualization Of A Market Melting-Up</b></p><p><blockquote><b>市场融化的可视化</b></blockquote></p><p> It is often easier to visualize something rather than explain it.<b>Since 1900, only two previous market periods qualify as a melt-up: 1920-1929 and 1995-2000.</b>The chart below shows both periods in terms of price.</p><p><blockquote>想象一些事情往往比解释它更容易。<b>自 1900 年以来，只有两个之前的市场时期符合融化的条件：1920-1929 年和 1995-2000 年。</b>下图显示了这两个时期的价格。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a218c7efe2ebd874d05c9ff7dd564436\" tg-width=\"797\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/9f193c9c32d55747bf7ff511c2f9fd53\" tg-width=\"793\" tg-height=\"439\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> However, the melt-up is also visually represented by the incredibly sharp rise in valuations. Such is essential because earnings are not rising at a fast enough clip to support higher prices.<b>As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.</b></p><p><blockquote>然而，估值的大幅上涨也直观地体现了这种融化。这一点至关重要，因为盈利增长速度不足以支撑价格上涨。<b>一如既往，投资公众相信未来的收益将证明熔化期间价格上涨是合理的。只是从来没有那样的结果。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/c69e418d5a19d6fd03b305ab111e3be3\" tg-width=\"794\" tg-height=\"440\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/af03d3bbd071b8edfdf3a19e2c7b0bcd\" tg-width=\"796\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> We can compare those two previous periods with the current advance from the March 2020 lows. Again, we see a very similar sharp advance in price combined with a surge in valuations. As expected, investors are currently hoping that future earnings will rise sharply enough to justify current prices. However, the justification for paying high prices is the Federal Reserve’s ongoing balance sheet expansion.</p><p><blockquote>我们可以将前两个时期与当前较 2020 年 3 月低点的进步进行比较。同样，我们看到价格也出现了非常相似的大幅上涨，同时估值也飙升。正如预期的那样，投资者目前希望未来的盈利能够大幅增长，以证明当前的价格是合理的。然而，付出高价的理由是美联储持续的资产负债表扩张。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f3562aea27b24ad4921d0f5cd497e072\" tg-width=\"804\" tg-height=\"444\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The following chart looks that the price advance and valuation measures a little differently. It shows the current deviation from the long-term exponential growth trend. Not surprisingly, during a market<i>“melt-up,”</i>there is a rapid deviation from the growth trend matching the acceleration in valuations.</p><p><blockquote>下图显示，价格上涨和估值的衡量标准略有不同。它显示了当前与长期指数增长趋势的偏差。毫不奇怪，在市场期间<i>“融化，”</i>与估值加速相匹配的增长趋势迅速偏离。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1419cf4b2afdcdc0f61e0cad862f498d\" tg-width=\"836\" tg-height=\"460\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The problem with market<i>“melt-ups”</i>is not the melt-up itself but what always follows.</p><p><blockquote>市场问题<i>“融化”</i>不是熔化本身，而是随之而来的东西。</blockquote></p><p> <b>Melting-Up Leads To Melting-Down</b></p><p><blockquote><b>熔化导致熔化</b></blockquote></p><p> A market melting-up is exciting while it lasts. During melt-ups, investors begin to rationalize why<i>“this time is different.”</i>They start taking on excess leverage to try and capitalize on the rapid advance in prices, and fundamentals take a back seat to price momentum.</p><p><blockquote>市场融化持续下去是令人兴奋的。在融化过程中，投资者开始合理化原因<i>“这次不一样。”</i>他们开始过度使用杠杆，试图利用价格的快速上涨，而基本面则让位于价格动能。</blockquote></p><p></p><p> Market melt-ups are all about<i>“psychology.”</i><b>Historically, whatever has been the catalyst to spark the disregard of risk is readily witnessed in the corresponding surge in price and valuations.</b>The chart below shows the long-term deviations in relative strength, deviations, and valuations. The previous<i>‘melt-up”</i>periods should be easy to spot when compared with the advance currently.</p><p><blockquote>市场融化是关于<i>心理学。</i><b>从历史上看，无论什么催化剂引发了人们对风险的漠视，价格和估值的相应飙升都很容易见证。</b>下图显示了相对强度、偏差和估值的长期偏差。以前的<i>“融化”</i>与目前的进步相比，时期应该很容易发现。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bc04cb25c0199dd17475a551a5dd7ec1\" tg-width=\"869\" tg-height=\"1024\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Given that current extensions match only a few rare periods in history, a couple of points should be readily apparent.</p><p><blockquote>鉴于当前的扩展只与历史上几个罕见的时期相匹配，有几点应该是显而易见的。</blockquote></p><p> <ol>  <li><b><i>Melt-ups can longer than logic would predict.</i></b></li>  <li><b><i>The prevailing psychology is always “this time is different.”</i></b></li>  <li><b><i>Valuations are dismissed in exchange for measures of momentum and forward expectations.</i></b></li>  <li><b><i>Investors take on excess leverage and risk in order to participate in a seemingly “can’t lose” market.</i></b></li>  <li><b><i>Lastly, and inevitably, “melt-ups” end and always in the worst possible outcomes.</i></b></li> </ol> It is essential to recognize the markets are in a<i>“melt-up,</i>” and the duration of that event is unknowable. Therefore, investors need a strategy to participate in the advance and mitigate the damage from the eventual<i>“melting-down.”</i></p><p><blockquote><ol><li><b><i>融化的时间可能比逻辑预测的要长。</i></b></li><li><b><i>流行的心理总是 “这次不一样”。</i></b></li><li><b><i>估值被放弃，以换取势头和前瞻性预期的衡量标准。</i></b></li><li><b><i>投资者为了参与一个看似 “输不起 ”的市场，承担了过多的杠杆和风险。</i></b></li><li><b><i>最后，也是不可避免的，“融化 ”以最坏的结果告终。</i></b></li></ol>必须认识到市场处于<i>“融化，</i>“事件的持续时间不得而知。因此，投资者需要一个策略来参与预先，并减轻最终的损失<i>“融化。”</i></blockquote></p><p> <b>Surviving The Melt-Up</b></p><p><blockquote><b>在融化中幸存下来</b></blockquote></p><p> <b>As noted, none of this means the next</b><b><i>“bear market”</i></b><b>is lurking.</b>Given that a market melting-up is a function of psychology, they can last longer and go further than logic would predict. What is required to “<i>end”</i>a melt-up is an unanticipated exogenous event that changes psychology from bullish to bearish. Such is when the stampede for the exits occurs, and prices decline very quickly.</p><p><blockquote><b>如前所述，这些都不意味着下一个</b><b><i>“熊市”</i></b><b>正在潜伏。</b>鉴于市场融化是心理的一个功能，它们可能会持续更长时间，比逻辑预测的更远。需要什么 “<i>结束”</i>融化是一种意想不到的外部事件，它会将心理从看涨转变为看跌。这就是退出潮发生的时候，价格会迅速下跌。</blockquote></p><p> As such, investors need a set of guidelines to participate in the market advance. But, of course, the hard part is keeping those gains when corrections inevitably occur.</p><p><blockquote>因此，投资者需要一套指导方针来参与市场发展。但是，当然，困难的部分是当调整不可避免地发生时保持这些收益。</blockquote></p><p> As portfolio managers for our clients, such is precisely the approach we must take. Accordingly, I have provided a general overview of the process that we employ.</p><p><blockquote>作为客户的投资组合经理，这正是我们必须采取的方法。因此，我概述了我们采用的流程。</blockquote></p><p> <ol>  <li><i><b>Tighten up stop-loss levels</b></i><i>to current support levels for each position.(Provides identifiable exit points when the market reverses.)</i></li>  <li><i><b>Hedge portfolios</b></i><i>against major market declines.(Non-correlated assets, short-market positions, index put options)</i></li>  <li><i><b>Take profits</b></i><i>in positions that have been big winners(Rebalancing overbought or extended positions to capture gains but continue to participate in the advance.)</i></li>  <li><i><b>Sell laggards</b></i><i>and losers</i>.<i>(If something isn’t working in a market melt-up, it most likely won’t work during a broad decline. Better to eliminate the risk early.)</i></li>  <li><i><b>Raise cash</b></i><i>and rebalance portfolios to target weightings.(Rebalancing risk on a regular basis keeps hidden risks somewhat mitigated.)</i></li> </ol> <b>Notice, nothing in there says,</b><b><i>“sell everything and go to cash.”</i></b></p><p><blockquote><ol><li><i><b>收紧止损水平</b></i><i>每个头寸的当前支撑位。（在市场反转时提供可识别的退出点。）</i></li><li><i><b>对冲投资组合</b></i><i>抵御市场大幅下跌。（不相关资产、空头市场头寸、指数看跌期权）</i></li><li><i><b>获利</b></i><i>在已经成为大赢家的头寸中（重新平衡超买或扩展头寸以获取收益，但继续参与上涨。）</i></li><li><i><b>卖出落后者</b></i><i>和失败者</i>.<i>(如果某种方法在市场融化时不起作用，那么在普遍下跌时很可能也不起作用。最好尽早消除风险）。</i></li><li><i><b>筹集现金</b></i><i>并根据目标权重重新平衡投资组合。（定期重新平衡风险可以在一定程度上减轻隐藏风险。）</i></li></ol><b>注意，里面没写，</b><b><i>“卖掉所有东西，变现。”</i></b></blockquote></p><p> There will be a time to raise significant levels of cash. A good portfolio management strategy will automatically ensure that<i>“stop-loss”</i>levels get triggered, exposure decreases, and cash levels rise when the selling begins.</p><p><blockquote>将会有一段时间大幅筹集现金。良好的投资组合管理策略将自动确保<i>“止损”</i>当销售开始时，水平被触发，风险敞口减少，现金水平上升。</blockquote></p><p> While it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent<i>“this time is different.”</i></p><p><blockquote>虽然在融化过程中利用融化的机会至关重要，但不要过于自满<i>“这次不一样。”</i></blockquote></p><p> It likely isn’t.</p><p><blockquote>很可能不是。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4457469-technically-speaking-is-the-market-melting-up\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/article/4457469-technically-speaking-is-the-market-melting-up","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198528044","content_text":"Summary\n\nGiven the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.\nAs is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.\nWhile it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent “this time is different”.\n\nIs the“market melting-up?”Such was the question I received from my colleague atCut The Crap Investing.It is an excellent question given the relentless increase in what investors believe is a“no risk”market.\nOf course, we need a definition of precisely what constitutes a melt-up.\n\n“A melt-up is a sustained and often unexpected improvement in the investment performance of an asset or asset class, driven partly\nby a stampede of investors who don’t want to miss out on its rise,\nrather than by fundamental improvements in the economy.“–\n Investopedia\n\nCurrently, there is sufficient evidence to support the idea of an exuberant market.As noted previously:\n\n“Near peaks of market cycles, investors become swept up by the underlying exuberance. That exuberance breeds the “rationalization” that “this time is different.” So how do you know the market is exuberant currently? Via Sentiment Trader:”\n\n\n‘This type of market activity is an indication that markets have returned their ‘enthusiasm’ stage. Such is characterized by:’\n\n\nHigh optimism\nEasy credit (too easy, with loose terms)\nA rush of initial and secondary offerings\nRisky stocks outperforming\nStretched valuations\n\n\nHowever, while one would expect individuals to exhibit caution in such an environment, the opposite is true. Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline.\nA Visualization Of A Market Melting-Up\nIt is often easier to visualize something rather than explain it.Since 1900, only two previous market periods qualify as a melt-up: 1920-1929 and 1995-2000.The chart below shows both periods in terms of price.\n\nHowever, the melt-up is also visually represented by the incredibly sharp rise in valuations. Such is essential because earnings are not rising at a fast enough clip to support higher prices.As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way.\n\nWe can compare those two previous periods with the current advance from the March 2020 lows. Again, we see a very similar sharp advance in price combined with a surge in valuations. As expected, investors are currently hoping that future earnings will rise sharply enough to justify current prices. However, the justification for paying high prices is the Federal Reserve’s ongoing balance sheet expansion.\n\nThe following chart looks that the price advance and valuation measures a little differently. It shows the current deviation from the long-term exponential growth trend. Not surprisingly, during a market“melt-up,”there is a rapid deviation from the growth trend matching the acceleration in valuations.\n\nThe problem with market“melt-ups”is not the melt-up itself but what always follows.\nMelting-Up Leads To Melting-Down\nA market melting-up is exciting while it lasts. During melt-ups, investors begin to rationalize why“this time is different.”They start taking on excess leverage to try and capitalize on the rapid advance in prices, and fundamentals take a back seat to price momentum.\nMarket melt-ups are all about“psychology.”Historically, whatever has been the catalyst to spark the disregard of risk is readily witnessed in the corresponding surge in price and valuations.The chart below shows the long-term deviations in relative strength, deviations, and valuations. The previous‘melt-up”periods should be easy to spot when compared with the advance currently.\n\nGiven that current extensions match only a few rare periods in history, a couple of points should be readily apparent.\n\nMelt-ups can longer than logic would predict.\nThe prevailing psychology is always “this time is different.”\nValuations are dismissed in exchange for measures of momentum and forward expectations.\nInvestors take on excess leverage and risk in order to participate in a seemingly “can’t lose” market.\nLastly, and inevitably, “melt-ups” end and always in the worst possible outcomes.\n\nIt is essential to recognize the markets are in a“melt-up,” and the duration of that event is unknowable. Therefore, investors need a strategy to participate in the advance and mitigate the damage from the eventual“melting-down.”\nSurviving The Melt-Up\nAs noted, none of this means the next“bear market”is lurking.Given that a market melting-up is a function of psychology, they can last longer and go further than logic would predict. What is required to “end”a melt-up is an unanticipated exogenous event that changes psychology from bullish to bearish. Such is when the stampede for the exits occurs, and prices decline very quickly.\nAs such, investors need a set of guidelines to participate in the market advance. But, of course, the hard part is keeping those gains when corrections inevitably occur.\nAs portfolio managers for our clients, such is precisely the approach we must take. Accordingly, I have provided a general overview of the process that we employ.\n\nTighten up stop-loss levelsto current support levels for each position.(Provides identifiable exit points when the market reverses.)\nHedge portfoliosagainst major market declines.(Non-correlated assets, short-market positions, index put options)\nTake profitsin positions that have been big winners(Rebalancing overbought or extended positions to capture gains but continue to participate in the advance.)\nSell laggardsand losers.(If something isn’t working in a market melt-up, it most likely won’t work during a broad decline. Better to eliminate the risk early.)\nRaise cashand rebalance portfolios to target weightings.(Rebalancing risk on a regular basis keeps hidden risks somewhat mitigated.)\n\nNotice, nothing in there says,“sell everything and go to cash.”\nThere will be a time to raise significant levels of cash. A good portfolio management strategy will automatically ensure that“stop-loss”levels get triggered, exposure decreases, and cash levels rise when the selling begins.\nWhile it is essential to take advantage of the melt-up while it lasts, just don’t become overly complacent“this time is different.”\nIt likely isn’t.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2359,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":862290121,"gmtCreate":1632879489383,"gmtModify":1632879489502,"author":{"id":"3571747456397623","authorId":"3571747456397623","name":"Bob316","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571747456397623","idStr":"3571747456397623"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/U14.SI\">$UOL GROUP LIMITED(U14.SI)$</a>buying at&nbsp;6.80.hope to hit 6.80 by today","listText":"<a href=\"https://laohu8.com/S/U14.SI\">$UOL GROUP LIMITED(U14.SI)$</a>buying at&nbsp;6.80.hope to hit 6.80 by today","text":"$UOL GROUP LIMITED(U14.SI)$buying at 6.80.hope to hit 6.80 by today","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/862290121","isVote":1,"tweetType":1,"viewCount":4882,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":862093805,"gmtCreate":1632814791307,"gmtModify":1632814791369,"author":{"id":"3571747456397623","authorId":"3571747456397623","name":"Bob316","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571747456397623","idStr":"3571747456397623"},"themes":[],"title":"","htmlText":"i watch finish in 1 day","listText":"i watch finish in 1 day","text":"i watch finish in 1 day","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/862093805","repostId":"1116230896","repostType":4,"repost":{"id":"1116230896","kind":"news","pubTimestamp":1632813313,"share":"https://www.laohunote.com/m/news/1116230896?lang=zh_CN&edition=full","pubTime":"2021-09-28 15:15","market":"us","language":"en","title":"Netflix Says ‘Squid Game’ Could Be Its Biggest Show Ever<blockquote>Netflix 称《鱿鱼游戏》可能成为其有史以来最大的剧集</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1116230896","media":"Barrons","summary":"Squid Game, a Korean-language survival story launched on Netflix earlier this month, is on target to","content":"<p>Squid Game, a Korean-language survival story launched on Netflix earlier this month, is on target to be the most successful series ever launched on the service, Netflix Co-CEO Ted Sarandos said Monday at the 2021 Code Conference in Beverly Hills.</p><p><blockquote>网飞联合首席执行官泰德·萨兰多斯周一在比佛利山庄举行的2021年代码大会上表示，本月早些时候在网飞推出的韩语生存故事《鱿鱼游戏》有望成为该服务上推出的最成功的系列。</blockquote></p><p> In a room full of mask-wearing, vaxed, and freshly Covid-tested attendees at the Beverly Hilton, the Netflix (ticker: NFLX) content chief said the show is already attracting a far larger audience than the French-language crime drama Lupin, which Sarandos noted was the first non-English-language show to become the top program on the site. “Squid Game is bigger,” he says.</p><p><blockquote>在贝弗利希尔顿酒店的一个房间里，挤满了戴着口罩、接种疫苗和刚刚接受新冠病毒检测的与会者，Netflix（股票代码：NFLX）内容主管表示，该节目已经吸引了比法语犯罪剧《鲁邦》多得多的观众，萨兰多斯指出，这是第一个成为该网站顶级节目的非英语节目。“他说：”鱿鱼游戏规模更大。</blockquote></p><p> As part of a broad conversation about the streaming giant with Code Conference host Kara Swisher, Sarandos also said the company doesn’t think about getting acquired, and he denied any interest in buying a theater chain. Sarandos also denied any interest in expanding into streaming music, news programming, or live sports. And he declined to specify when the company will launch its previously announced addition of gaming on the service in the U.S.</p><p><blockquote>在与 Code Conference 主持人卡拉-斯威舍（Kara Swisher）就这家流媒体巨头进行的广泛对话中，萨兰多斯还表示，该公司没有考虑被收购，他否认有任何兴趣收购连锁影院。萨兰多斯还否认有任何兴趣扩展到流媒体音乐、新闻节目或体育直播领域。他拒绝具体说明该公司何时将在美国推出此前宣布的游戏服务。</blockquote></p><p> Sarandos also released some fresh data on the most watched programming on the service, ranked by both the number of accounts who watched a given piece of programming for at least two minutes within the first 28 days of release. Ranked by number of accounts, the top three included Bridgerton Season 1 (82 million accounts), Lupin Part 1 (76 million), and The Witcher Season 1 (76 million.) In terms of viewing hours in the first 28 days of release, the most watched programming has been Bridgerton Season 1 (625 million hours), Money Heist Part 4 (619 million hours), and Stranger Things 3 (582 million hours.)</p><p><blockquote>Sarandos还发布了一些关于该服务上观看次数最多的节目的新数据，根据在发布的前28天内观看给定节目至少两分钟的帐户数量进行排名。按账户数量排名，前三名包括《布里奇顿》第一季（8200万个账户）、《鲁邦》第一部（7600万个）和《巫师》第一季（7600万个）。就上映前28天的观看时长而言，观看次数最多的节目是《布里奇顿》第一季（6.25亿小时）、《金钱大劫案》第四部（6.19亿小时）和《怪奇物语3》（5.82亿小时）。</blockquote></p><p> Asked about competition from other streaming services, Sarandos said that the company has been competing with other content creators from the company’s inception, and that Netflix is even more confident competing with them in streaming.</p><p><blockquote>当被问及来自其他流媒体服务的竞争时，萨兰多斯说，公司从一开始就一直在与其他内容创作者竞争，而 Netflix 对在流媒体领域与他们竞争更加有信心。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Netflix Says ‘Squid Game’ Could Be Its Biggest Show Ever<blockquote>Netflix 称《鱿鱼游戏》可能成为其有史以来最大的剧集</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\">\nNetflix Says ‘Squid Game’ Could Be Its Biggest Show Ever<blockquote>Netflix 称《鱿鱼游戏》可能成为其有史以来最大的剧集</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-09-28 15:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Squid Game, a Korean-language survival story launched on Netflix earlier this month, is on target to be the most successful series ever launched on the service, Netflix Co-CEO Ted Sarandos said Monday at the 2021 Code Conference in Beverly Hills.</p><p><blockquote>网飞联合首席执行官泰德·萨兰多斯周一在比佛利山庄举行的2021年代码大会上表示，本月早些时候在网飞推出的韩语生存故事《鱿鱼游戏》有望成为该服务上推出的最成功的系列。</blockquote></p><p> In a room full of mask-wearing, vaxed, and freshly Covid-tested attendees at the Beverly Hilton, the Netflix (ticker: NFLX) content chief said the show is already attracting a far larger audience than the French-language crime drama Lupin, which Sarandos noted was the first non-English-language show to become the top program on the site. “Squid Game is bigger,” he says.</p><p><blockquote>在贝弗利希尔顿酒店的一个房间里，挤满了戴着口罩、接种疫苗和刚刚接受新冠病毒检测的与会者，Netflix（股票代码：NFLX）内容主管表示，该节目已经吸引了比法语犯罪剧《鲁邦》多得多的观众，萨兰多斯指出，这是第一个成为该网站顶级节目的非英语节目。“他说：”鱿鱼游戏规模更大。</blockquote></p><p> As part of a broad conversation about the streaming giant with Code Conference host Kara Swisher, Sarandos also said the company doesn’t think about getting acquired, and he denied any interest in buying a theater chain. Sarandos also denied any interest in expanding into streaming music, news programming, or live sports. And he declined to specify when the company will launch its previously announced addition of gaming on the service in the U.S.</p><p><blockquote>在与 Code Conference 主持人卡拉-斯威舍（Kara Swisher）就这家流媒体巨头进行的广泛对话中，萨兰多斯还表示，该公司没有考虑被收购，他否认有任何兴趣收购连锁影院。萨兰多斯还否认有任何兴趣扩展到流媒体音乐、新闻节目或体育直播领域。他拒绝具体说明该公司何时将在美国推出此前宣布的游戏服务。</blockquote></p><p> Sarandos also released some fresh data on the most watched programming on the service, ranked by both the number of accounts who watched a given piece of programming for at least two minutes within the first 28 days of release. Ranked by number of accounts, the top three included Bridgerton Season 1 (82 million accounts), Lupin Part 1 (76 million), and The Witcher Season 1 (76 million.) In terms of viewing hours in the first 28 days of release, the most watched programming has been Bridgerton Season 1 (625 million hours), Money Heist Part 4 (619 million hours), and Stranger Things 3 (582 million hours.)</p><p><blockquote>Sarandos还发布了一些关于该服务上观看次数最多的节目的新数据，根据在发布的前28天内观看给定节目至少两分钟的帐户数量进行排名。按账户数量排名，前三名包括《布里奇顿》第一季（8200万个账户）、《鲁邦》第一部（7600万个）和《巫师》第一季（7600万个）。就上映前28天的观看时长而言，观看次数最多的节目是《布里奇顿》第一季（6.25亿小时）、《金钱大劫案》第四部（6.19亿小时）和《怪奇物语3》（5.82亿小时）。</blockquote></p><p> Asked about competition from other streaming services, Sarandos said that the company has been competing with other content creators from the company’s inception, and that Netflix is even more confident competing with them in streaming.</p><p><blockquote>当被问及来自其他流媒体服务的竞争时，萨兰多斯说，公司从一开始就一直在与其他内容创作者竞争，而 Netflix 对在流媒体领域与他们竞争更加有信心。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/netflix-ceo-stock-squid-game-51632781438?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞"},"source_url":"https://www.barrons.com/articles/netflix-ceo-stock-squid-game-51632781438?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116230896","content_text":"Squid Game, a Korean-language survival story launched on Netflix earlier this month, is on target to be the most successful series ever launched on the service, Netflix Co-CEO Ted Sarandos said Monday at the 2021 Code Conference in Beverly Hills.\n\nIn a room full of mask-wearing, vaxed, and freshly Covid-tested attendees at the Beverly Hilton, the Netflix (ticker: NFLX) content chief said the show is already attracting a far larger audience than the French-language crime drama Lupin, which Sarandos noted was the first non-English-language show to become the top program on the site. “Squid Game is bigger,” he says.\nAs part of a broad conversation about the streaming giant with Code Conference host Kara Swisher, Sarandos also said the company doesn’t think about getting acquired, and he denied any interest in buying a theater chain. Sarandos also denied any interest in expanding into streaming music, news programming, or live sports. And he declined to specify when the company will launch its previously announced addition of gaming on the service in the U.S.\nSarandos also released some fresh data on the most watched programming on the service, ranked by both the number of accounts who watched a given piece of programming for at least two minutes within the first 28 days of release. Ranked by number of accounts, the top three included Bridgerton Season 1 (82 million accounts), Lupin Part 1 (76 million), and The Witcher Season 1 (76 million.) In terms of viewing hours in the first 28 days of release, the most watched programming has been Bridgerton Season 1 (625 million hours), Money Heist Part 4 (619 million hours), and Stranger Things 3 (582 million hours.)\nAsked about competition from other streaming services, Sarandos said that the company has been competing with other content creators from the company’s inception, and that Netflix is even more confident competing with them in streaming.","news_type":1,"symbols_score_info":{"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":3311,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":866327684,"gmtCreate":1632737850448,"gmtModify":1632798204686,"author":{"id":"3571747456397623","authorId":"3571747456397623","name":"Bob316","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571747456397623","idStr":"3571747456397623"},"themes":[],"title":"","htmlText":"gg","listText":"gg","text":"gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/866327684","repostId":"1192058689","repostType":4,"isVote":1,"tweetType":1,"viewCount":4010,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":860542346,"gmtCreate":1632191646085,"gmtModify":1632802163366,"author":{"id":"3571747456397623","authorId":"3571747456397623","name":"Bob316","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571747456397623","idStr":"3571747456397623"},"themes":[],"title":"","htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/860542346","repostId":"1129128845","repostType":4,"repost":{"id":"1129128845","kind":"news","pubTimestamp":1632180937,"share":"https://www.laohunote.com/m/news/1129128845?lang=zh_CN&edition=full","pubTime":"2021-09-21 07:35","market":"us","language":"en","title":"SEC Is Investigating Activision Blizzard Over Workplace Practices, Disclosures<blockquote>美国证券交易委员会正在调查动视暴雪的工作场所行为和披露</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129128845","media":"The Wall Street Journal","summary":"Videogame company also in talks to settle probe by Equal Employment Opportunity Commission\nActivisio","content":"<p>Videogame company also in talks to settle probe by Equal Employment Opportunity Commission</p><p><blockquote>视频游戏公司也在谈判解决平等就业机会委员会的调查</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/323cf44261f528e4a2956db2f7da8274\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\"><span>Activision Blizzard’s offices in Irvine, Calif. The company is known for its Call of Duty, World of Warcraft and Candy Crush franchises.</span></p><p><blockquote><p class=\"t-img-caption\"><span>动视暴雪位于加利福尼亚州尔湾的办公室。该公司以其《看涨期权》、《魔兽世界》和《糖果粉碎》系列而闻名。</span></p></blockquote></p><p> Federal securities regulators have launched a wide-ranging investigation into&nbsp;Activision Blizzard&nbsp;Inc.,&nbsp;including how the videogame-publishing giant handled employees’ allegations of sexual misconduct and workplace discrimination, according to people familiar with the investigation and documents viewed by The Wall Street Journal.</p><p><blockquote>据熟悉调查的人士和《华尔街日报》查看的文件称，联邦证券监管机构已对动视暴雪公司展开了广泛调查，包括这家视频游戏出版巨头如何处理员工的性行为不端和工作场所歧视指控。</blockquote></p><p> The Securities and Exchange Commission has subpoenaed Activision, known for its Call of Duty, World of Warcraft and Candy Crush franchises, and several of its senior executives, including longtime Chief Executive Bobby Kotick, according to the people and documents.</p><p><blockquote>据《人物》和《文件》报道，美国证券交易委员会已传唤动视暴雪及其几名高级管理人员，其中包括长期担任首席执行官的鲍比·科蒂克。</blockquote></p><p> The agency is asking for documents including minutes from Activision board meetings since 2019, personnel files of six former employees and separation agreements the company has reached this year with staffers, records show. The SEC is asking for Mr. Kotick’s communications with other senior executives regarding complaints of sexual harassment or discrimination by Activision employees or contractors, the documents show.</p><p><blockquote>记录显示，该机构要求提供包括2019年以来动视董事会会议纪要、六名前员工的人事档案以及该公司今年与员工达成的离职协议在内的文件。文件显示，美国证券交易委员会要求科蒂克先生就动视员工或承包商的性骚扰或歧视投诉与其他高管进行沟通。</blockquote></p><p> An Activision spokeswoman, Helaine Klasky, on Monday confirmed that the SEC’s investigation concerns “the company’s disclosures regarding employment matters and related issues,” adding that the agency has subpoenaed several current and former employees. “The company is cooperating with the SEC,” the spokeswoman said.</p><p><blockquote>动视公司发言人海莱恩-克拉斯基（Helaine Klasky）周一证实，美国证券交易委员会的调查涉及 “公司在雇佣事项及相关问题上的披露”，并补充说该机构已传唤了几名现任和前任员工。“该发言人说：”公司正在与美国证券交易委员会合作。</blockquote></p><p> An SEC spokeswoman declined to comment.</p><p><blockquote>美国证券交易委员会发言人拒绝置评。</blockquote></p><p> The probe by the SEC significantly ratchets up the regulatory pressure on Activision, the largest U.S. videogame publisher by market capitalization. The SEC is requesting information to discern whether Activision and its executives properly disclosed allegations of workplace harassment and gender-pay issues, and whether any of that information should have been shared earlier with investors and other parties, according to the documents and people familiar with the investigation.</p><p><blockquote>美国证券交易委员会的调查大大增加了美国市值最大的视频游戏发行商动视暴雪的监管压力。据文件和知情人士透露，美国证券交易委员会正在要求提供信息，以辨别动视及其高管是否适当披露了有关工作场所骚扰和性别薪酬问题的指控，以及这些信息是否应该更早地与投资者和其他各方分享。调查。</blockquote></p><p> The California Department of Fair Employment and Housing&nbsp;sued Activision in late July,alleging the company paid women less than their male counterparts and provided them with fewer opportunities to advance. The agency also alleged that Activision ignored complaints by female employees of sexual harassment, discrimination and retaliation and maintained a “frat-boy” culture, primarily at its Blizzard Entertainment unit.</p><p><blockquote>加州公平就业和住房部于 7 月下旬起诉动视暴雪， 称该公司支付给女性的工资低于男性同行， 并且为她们提供的晋升机会更少。该机构还称，动视暴雪无视女员工对性骚扰、歧视和报复的投诉，并维持了一种 “兄弟会 ”文化，主要是在其暴雪娱乐部门。</blockquote></p><p> Activision has said it would fight the charges from the California agency. It initially slammed the lawsuit, saying it included distorted, and in many cases false, descriptions of its past. Employees&nbsp;responded by planning walkouts, and Mr. Kotick said that Activision’s initial response was “tone deaf” and that the company had hired a law firm to investigate the complaints.</p><p><blockquote>动视暴雪表示将对抗加州机构的指控。它最初抨击了这起诉讼，称其对其过去的描述被歪曲，在许多情况下是虚假的。科蒂克先生说，动视公司最初的反应是 “语无伦次”，公司已经聘请了一家律师事务所来调查这些投诉。</blockquote></p><p> Separately, the Equal Employment Opportunity Commission has been examining allegations of gender-based harassment at Activision since at least May 2020, according to people familiar with the investigation and documents viewed by the Journal.</p><p><blockquote>另外，据熟悉调查的人士和《华尔街日报》查看的文件称，平等就业机会委员会至少自 2020 年 5 月以来一直在调查动视暴雪基于性别的骚扰指控。</blockquote></p><p> The company is in settlement talks with the agency and could pay millions of dollars to resolve the matter, according to those people. It’s unclear if the federal agency will publicly release the details of its findings.</p><p><blockquote>据这些人士称，该公司正在与该机构进行和解谈判，可能会支付数百万美元来解决问题。目前还不清楚联邦机构是否会公开公布调查结果的细节。</blockquote></p><p> An EEOC spokesman declined to comment.</p><p><blockquote>EEOC发言人拒绝置评。</blockquote></p><p> Ms. Klasky of Activision said in a statement that Activision is deeply committed to making the company one of the best, most inclusive places to work.</p><p><blockquote>动视暴雪的克拉斯基女士在一份声明中表示，动视暴雪坚定地致力于让公司成为最好、最具包容性的工作场所之一。</blockquote></p><p> “We have made and are making a number of important changes to improve our policies and procedures to ensure that there is no place anywhere in our company for discrimination, harassment or unequal treatment of any kind,” the statement said.</p><p><blockquote>“声明说：”我们已经并正在进行一系列重要变革，以改进我们的政策和程序，以确保我们公司的任何地方都没有歧视、骚扰或任何形式的不平等待遇的容身之地。</blockquote></p><p> Activision has sought to stabilize its business since the filing of the California lawsuit. The company also is facing lawsuits from some of its investors. Its shares are down about 17% since the suit was made public, closing 4% lower Monday after the Journal reported on the SEC’s investigation and amid a broader decline in tech stocks.</p><p><blockquote>自加州提起诉讼以来，动视一直在寻求稳定其业务。该公司还面临一些投资者的诉讼。自诉讼公开以来，该公司股价已下跌约 17%，周一收盘下跌 4%，此前《华尔街日报》报道了美国证券交易委员会的调查，科技股普遍下跌。</blockquote></p><p> Earlier this month, the Communications Workers of America filed with the National Labor Relations Board against Activision, alleging worker intimidation. The charges include allegations that company management used coercive tactics to prevent its employees from exercising their rights to organize under federal law.</p><p><blockquote>本月早些时候，美国通信工人向国家劳工关系委员会提起诉讼，指控动视恐吓工人。指控包括指控公司管理层使用胁迫策略阻止员工行使联邦法律规定的组织权利。</blockquote></p><p> In a statement Monday, Ms. Klasky said the company has “made great efforts to respect the rights of all employees under the NLRB.”</p><p><blockquote>克拉斯基女士在周一的一份声明中说，公司 “为尊重 NLRB 规定的所有员工的权利做出了巨大努力”。</blockquote></p><p></p><p> The same day that the union filed charges, Activision said it hired two senior executives to help it build a more inclusive workplace and grow its revenue. Julie Hodges, a&nbsp;Walt Disney&nbsp;Co.&nbsp;executive, was named chief people officer and Sandeep Dube, a&nbsp;Delta Air Lines&nbsp;Inc.&nbsp;executive, was named chief commercial officer. Ms. Hodges, who had oversight of compensation, benefits and talent acquisition at Disney, is filling the role of human resources chief being vacated by Claudine Naughton.</p><p><blockquote>在工会提出指控的同一天，动视表示聘请了两名高级管理人员，以帮助其建立一个更具包容性的工作场所并增加收入。华特迪士尼公司高管朱莉·霍奇斯被任命为首席人力官，达美航空公司高管桑迪普·杜贝被任命为首席商务官。霍奇斯女士曾负责迪士尼的薪酬、福利和人才招聘，她将填补克劳迪娜·诺顿空出的人力资源主管一职。</blockquote></p><p> Activision, which is based in Santa Monica, Calif., had roughly 10,000 employees at the end of last year and posted $8 billion in revenue. Its console, computer and mobile games collectively boast nearly 400 million monthly players across 190 countries.</p><p><blockquote>总部位于加利福尼亚州圣莫尼卡的动视暴雪去年年底拥有大约 10,000 名员工，收入为 80 亿美元。其游戏机、电脑和手机游戏在190个国家拥有近4亿月玩家。</blockquote></p><p> While the videogame industry has long been known for its male-dominated workplaces and culture, scrutiny from public authorities over the treatment of female employees has increased in recent years.</p><p><blockquote>虽然视频游戏行业长期以来以其男性主导的工作场所和文化而闻名，但近年来，公共当局对女性员工待遇的审查有所增加。</blockquote></p><p> The California regulator last month, in an amended complaint, accused Activison of withholding information from internal probes of discrimination and harassment complaints as well as gender pay equity. It also said the company had sought to curtail employees’ rights through “repressive, if not punitive” secret settlements.</p><p><blockquote>加州监管机构上个月在一份修订后的投诉中指控动视隐瞒了有关歧视和骚扰投诉以及性别薪酬平等的内部调查信息。公司还表示，公司曾试图通过 “压制性的，如果不是惩罚性的 ”秘密和解来限制员工的权利。</blockquote></p><p> An Activision spokeswoman didn’t immediately respond to a request for comment on the amended complaint.</p><p><blockquote>动视公司发言人没有立即回应就修改后的投诉置评请求。</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>SEC Is Investigating Activision Blizzard Over Workplace Practices, Disclosures<blockquote>美国证券交易委员会正在调查动视暴雪的工作场所行为和披露</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\">\nSEC Is Investigating Activision Blizzard Over Workplace Practices, Disclosures<blockquote>美国证券交易委员会正在调查动视暴雪的工作场所行为和披露</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-09-21 07:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Videogame company also in talks to settle probe by Equal Employment Opportunity Commission</p><p><blockquote>视频游戏公司也在谈判解决平等就业机会委员会的调查</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/323cf44261f528e4a2956db2f7da8274\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\"><span>Activision Blizzard’s offices in Irvine, Calif. The company is known for its Call of Duty, World of Warcraft and Candy Crush franchises.</span></p><p><blockquote><p class=\"t-img-caption\"><span>动视暴雪位于加利福尼亚州尔湾的办公室。该公司以其《看涨期权》、《魔兽世界》和《糖果粉碎》系列而闻名。</span></p></blockquote></p><p> Federal securities regulators have launched a wide-ranging investigation into&nbsp;Activision Blizzard&nbsp;Inc.,&nbsp;including how the videogame-publishing giant handled employees’ allegations of sexual misconduct and workplace discrimination, according to people familiar with the investigation and documents viewed by The Wall Street Journal.</p><p><blockquote>据熟悉调查的人士和《华尔街日报》查看的文件称，联邦证券监管机构已对动视暴雪公司展开了广泛调查，包括这家视频游戏出版巨头如何处理员工的性行为不端和工作场所歧视指控。</blockquote></p><p> The Securities and Exchange Commission has subpoenaed Activision, known for its Call of Duty, World of Warcraft and Candy Crush franchises, and several of its senior executives, including longtime Chief Executive Bobby Kotick, according to the people and documents.</p><p><blockquote>据《人物》和《文件》报道，美国证券交易委员会已传唤动视暴雪及其几名高级管理人员，其中包括长期担任首席执行官的鲍比·科蒂克。</blockquote></p><p> The agency is asking for documents including minutes from Activision board meetings since 2019, personnel files of six former employees and separation agreements the company has reached this year with staffers, records show. The SEC is asking for Mr. Kotick’s communications with other senior executives regarding complaints of sexual harassment or discrimination by Activision employees or contractors, the documents show.</p><p><blockquote>记录显示，该机构要求提供包括2019年以来动视董事会会议纪要、六名前员工的人事档案以及该公司今年与员工达成的离职协议在内的文件。文件显示，美国证券交易委员会要求科蒂克先生就动视员工或承包商的性骚扰或歧视投诉与其他高管进行沟通。</blockquote></p><p> An Activision spokeswoman, Helaine Klasky, on Monday confirmed that the SEC’s investigation concerns “the company’s disclosures regarding employment matters and related issues,” adding that the agency has subpoenaed several current and former employees. “The company is cooperating with the SEC,” the spokeswoman said.</p><p><blockquote>动视公司发言人海莱恩-克拉斯基（Helaine Klasky）周一证实，美国证券交易委员会的调查涉及 “公司在雇佣事项及相关问题上的披露”，并补充说该机构已传唤了几名现任和前任员工。“该发言人说：”公司正在与美国证券交易委员会合作。</blockquote></p><p> An SEC spokeswoman declined to comment.</p><p><blockquote>美国证券交易委员会发言人拒绝置评。</blockquote></p><p> The probe by the SEC significantly ratchets up the regulatory pressure on Activision, the largest U.S. videogame publisher by market capitalization. The SEC is requesting information to discern whether Activision and its executives properly disclosed allegations of workplace harassment and gender-pay issues, and whether any of that information should have been shared earlier with investors and other parties, according to the documents and people familiar with the investigation.</p><p><blockquote>美国证券交易委员会的调查大大增加了美国市值最大的视频游戏发行商动视暴雪的监管压力。据文件和知情人士透露，美国证券交易委员会正在要求提供信息，以辨别动视及其高管是否适当披露了有关工作场所骚扰和性别薪酬问题的指控，以及这些信息是否应该更早地与投资者和其他各方分享。调查。</blockquote></p><p> The California Department of Fair Employment and Housing&nbsp;sued Activision in late July,alleging the company paid women less than their male counterparts and provided them with fewer opportunities to advance. The agency also alleged that Activision ignored complaints by female employees of sexual harassment, discrimination and retaliation and maintained a “frat-boy” culture, primarily at its Blizzard Entertainment unit.</p><p><blockquote>加州公平就业和住房部于 7 月下旬起诉动视暴雪， 称该公司支付给女性的工资低于男性同行， 并且为她们提供的晋升机会更少。该机构还称，动视暴雪无视女员工对性骚扰、歧视和报复的投诉，并维持了一种 “兄弟会 ”文化，主要是在其暴雪娱乐部门。</blockquote></p><p> Activision has said it would fight the charges from the California agency. It initially slammed the lawsuit, saying it included distorted, and in many cases false, descriptions of its past. Employees&nbsp;responded by planning walkouts, and Mr. Kotick said that Activision’s initial response was “tone deaf” and that the company had hired a law firm to investigate the complaints.</p><p><blockquote>动视暴雪表示将对抗加州机构的指控。它最初抨击了这起诉讼，称其对其过去的描述被歪曲，在许多情况下是虚假的。科蒂克先生说，动视公司最初的反应是 “语无伦次”，公司已经聘请了一家律师事务所来调查这些投诉。</blockquote></p><p> Separately, the Equal Employment Opportunity Commission has been examining allegations of gender-based harassment at Activision since at least May 2020, according to people familiar with the investigation and documents viewed by the Journal.</p><p><blockquote>另外，据熟悉调查的人士和《华尔街日报》查看的文件称，平等就业机会委员会至少自 2020 年 5 月以来一直在调查动视暴雪基于性别的骚扰指控。</blockquote></p><p> The company is in settlement talks with the agency and could pay millions of dollars to resolve the matter, according to those people. It’s unclear if the federal agency will publicly release the details of its findings.</p><p><blockquote>据这些人士称，该公司正在与该机构进行和解谈判，可能会支付数百万美元来解决问题。目前还不清楚联邦机构是否会公开公布调查结果的细节。</blockquote></p><p> An EEOC spokesman declined to comment.</p><p><blockquote>EEOC发言人拒绝置评。</blockquote></p><p> Ms. Klasky of Activision said in a statement that Activision is deeply committed to making the company one of the best, most inclusive places to work.</p><p><blockquote>动视暴雪的克拉斯基女士在一份声明中表示，动视暴雪坚定地致力于让公司成为最好、最具包容性的工作场所之一。</blockquote></p><p> “We have made and are making a number of important changes to improve our policies and procedures to ensure that there is no place anywhere in our company for discrimination, harassment or unequal treatment of any kind,” the statement said.</p><p><blockquote>“声明说：”我们已经并正在进行一系列重要变革，以改进我们的政策和程序，以确保我们公司的任何地方都没有歧视、骚扰或任何形式的不平等待遇的容身之地。</blockquote></p><p> Activision has sought to stabilize its business since the filing of the California lawsuit. The company also is facing lawsuits from some of its investors. Its shares are down about 17% since the suit was made public, closing 4% lower Monday after the Journal reported on the SEC’s investigation and amid a broader decline in tech stocks.</p><p><blockquote>自加州提起诉讼以来，动视一直在寻求稳定其业务。该公司还面临一些投资者的诉讼。自诉讼公开以来，该公司股价已下跌约 17%，周一收盘下跌 4%，此前《华尔街日报》报道了美国证券交易委员会的调查，科技股普遍下跌。</blockquote></p><p> Earlier this month, the Communications Workers of America filed with the National Labor Relations Board against Activision, alleging worker intimidation. The charges include allegations that company management used coercive tactics to prevent its employees from exercising their rights to organize under federal law.</p><p><blockquote>本月早些时候，美国通信工人向国家劳工关系委员会提起诉讼，指控动视恐吓工人。指控包括指控公司管理层使用胁迫策略阻止员工行使联邦法律规定的组织权利。</blockquote></p><p> In a statement Monday, Ms. Klasky said the company has “made great efforts to respect the rights of all employees under the NLRB.”</p><p><blockquote>克拉斯基女士在周一的一份声明中说，公司 “为尊重 NLRB 规定的所有员工的权利做出了巨大努力”。</blockquote></p><p></p><p> The same day that the union filed charges, Activision said it hired two senior executives to help it build a more inclusive workplace and grow its revenue. Julie Hodges, a&nbsp;Walt Disney&nbsp;Co.&nbsp;executive, was named chief people officer and Sandeep Dube, a&nbsp;Delta Air Lines&nbsp;Inc.&nbsp;executive, was named chief commercial officer. Ms. Hodges, who had oversight of compensation, benefits and talent acquisition at Disney, is filling the role of human resources chief being vacated by Claudine Naughton.</p><p><blockquote>在工会提出指控的同一天，动视表示聘请了两名高级管理人员，以帮助其建立一个更具包容性的工作场所并增加收入。华特迪士尼公司高管朱莉·霍奇斯被任命为首席人力官，达美航空公司高管桑迪普·杜贝被任命为首席商务官。霍奇斯女士曾负责迪士尼的薪酬、福利和人才招聘，她将填补克劳迪娜·诺顿空出的人力资源主管一职。</blockquote></p><p> Activision, which is based in Santa Monica, Calif., had roughly 10,000 employees at the end of last year and posted $8 billion in revenue. Its console, computer and mobile games collectively boast nearly 400 million monthly players across 190 countries.</p><p><blockquote>总部位于加利福尼亚州圣莫尼卡的动视暴雪去年年底拥有大约 10,000 名员工，收入为 80 亿美元。其游戏机、电脑和手机游戏在190个国家拥有近4亿月玩家。</blockquote></p><p> While the videogame industry has long been known for its male-dominated workplaces and culture, scrutiny from public authorities over the treatment of female employees has increased in recent years.</p><p><blockquote>虽然视频游戏行业长期以来以其男性主导的工作场所和文化而闻名，但近年来，公共当局对女性员工待遇的审查有所增加。</blockquote></p><p> The California regulator last month, in an amended complaint, accused Activison of withholding information from internal probes of discrimination and harassment complaints as well as gender pay equity. It also said the company had sought to curtail employees’ rights through “repressive, if not punitive” secret settlements.</p><p><blockquote>加州监管机构上个月在一份修订后的投诉中指控动视隐瞒了有关歧视和骚扰投诉以及性别薪酬平等的内部调查信息。公司还表示，公司曾试图通过 “压制性的，如果不是惩罚性的 ”秘密和解来限制员工的权利。</blockquote></p><p> An Activision spokeswoman didn’t immediately respond to a request for comment on the amended complaint.</p><p><blockquote>动视公司发言人没有立即回应就修改后的投诉置评请求。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/sec-is-investigating-activision-blizzard-over-workplace-practices-disclosures-11632165080?mod=hp_lead_pos5\">The Wall Street Journal</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":{},"source_url":"https://www.wsj.com/articles/sec-is-investigating-activision-blizzard-over-workplace-practices-disclosures-11632165080?mod=hp_lead_pos5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129128845","content_text":"Videogame company also in talks to settle probe by Equal Employment Opportunity Commission\nActivision Blizzard’s offices in Irvine, Calif. The company is known for its Call of Duty, World of Warcraft and Candy Crush franchises.\nFederal securities regulators have launched a wide-ranging investigation into Activision Blizzard Inc., including how the videogame-publishing giant handled employees’ allegations of sexual misconduct and workplace discrimination, according to people familiar with the investigation and documents viewed by The Wall Street Journal.\nThe Securities and Exchange Commission has subpoenaed Activision, known for its Call of Duty, World of Warcraft and Candy Crush franchises, and several of its senior executives, including longtime Chief Executive Bobby Kotick, according to the people and documents.\nThe agency is asking for documents including minutes from Activision board meetings since 2019, personnel files of six former employees and separation agreements the company has reached this year with staffers, records show. The SEC is asking for Mr. Kotick’s communications with other senior executives regarding complaints of sexual harassment or discrimination by Activision employees or contractors, the documents show.\nAn Activision spokeswoman, Helaine Klasky, on Monday confirmed that the SEC’s investigation concerns “the company’s disclosures regarding employment matters and related issues,” adding that the agency has subpoenaed several current and former employees. “The company is cooperating with the SEC,” the spokeswoman said.\nAn SEC spokeswoman declined to comment.\nThe probe by the SEC significantly ratchets up the regulatory pressure on Activision, the largest U.S. videogame publisher by market capitalization. The SEC is requesting information to discern whether Activision and its executives properly disclosed allegations of workplace harassment and gender-pay issues, and whether any of that information should have been shared earlier with investors and other parties, according to the documents and people familiar with the investigation.\nThe California Department of Fair Employment and Housing sued Activision in late July,alleging the company paid women less than their male counterparts and provided them with fewer opportunities to advance. The agency also alleged that Activision ignored complaints by female employees of sexual harassment, discrimination and retaliation and maintained a “frat-boy” culture, primarily at its Blizzard Entertainment unit.\nActivision has said it would fight the charges from the California agency. It initially slammed the lawsuit, saying it included distorted, and in many cases false, descriptions of its past. Employees responded by planning walkouts, and Mr. Kotick said that Activision’s initial response was “tone deaf” and that the company had hired a law firm to investigate the complaints.\nSeparately, the Equal Employment Opportunity Commission has been examining allegations of gender-based harassment at Activision since at least May 2020, according to people familiar with the investigation and documents viewed by the Journal.\nThe company is in settlement talks with the agency and could pay millions of dollars to resolve the matter, according to those people. It’s unclear if the federal agency will publicly release the details of its findings.\nAn EEOC spokesman declined to comment.\nMs. Klasky of Activision said in a statement that Activision is deeply committed to making the company one of the best, most inclusive places to work.\n“We have made and are making a number of important changes to improve our policies and procedures to ensure that there is no place anywhere in our company for discrimination, harassment or unequal treatment of any kind,” the statement said.\nActivision has sought to stabilize its business since the filing of the California lawsuit. The company also is facing lawsuits from some of its investors. Its shares are down about 17% since the suit was made public, closing 4% lower Monday after the Journal reported on the SEC’s investigation and amid a broader decline in tech stocks.\nEarlier this month, the Communications Workers of America filed with the National Labor Relations Board against Activision, alleging worker intimidation. The charges include allegations that company management used coercive tactics to prevent its employees from exercising their rights to organize under federal law.\nIn a statement Monday, Ms. Klasky said the company has “made great efforts to respect the rights of all employees under the NLRB.”\nThe same day that the union filed charges, Activision said it hired two senior executives to help it build a more inclusive workplace and grow its revenue. Julie Hodges, a Walt Disney Co. executive, was named chief people officer and Sandeep Dube, a Delta Air Lines Inc. executive, was named chief commercial officer. Ms. Hodges, who had oversight of compensation, benefits and talent acquisition at Disney, is filling the role of human resources chief being vacated by Claudine Naughton.\nActivision, which is based in Santa Monica, Calif., had roughly 10,000 employees at the end of last year and posted $8 billion in revenue. Its console, computer and mobile games collectively boast nearly 400 million monthly players across 190 countries.\nWhile the videogame industry has long been known for its male-dominated workplaces and culture, scrutiny from public authorities over the treatment of female employees has increased in recent years.\nThe California regulator last month, in an amended complaint, accused Activison of withholding information from internal probes of discrimination and harassment complaints as well as gender pay equity. It also said the company had sought to curtail employees’ rights through “repressive, if not punitive” secret settlements.\nAn Activision spokeswoman didn’t immediately respond to a request for comment on the amended complaint.","news_type":1,"symbols_score_info":{"ATVI":0.9}},"isVote":1,"tweetType":1,"viewCount":3973,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860546496,"gmtCreate":1632191624515,"gmtModify":1632802163736,"author":{"id":"3571747456397623","authorId":"3571747456397623","name":"Bob316","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571747456397623","idStr":"3571747456397623"},"themes":[],"title":"","htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/860546496","repostId":"2169681056","repostType":4,"isVote":1,"tweetType":1,"viewCount":2746,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":false}