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bear market 跌風籠罩下的市場。

And despite what some say , it works even in a bear market ; in fact , darvas made most of his money in a period that was historically considered to be a “ baby bear ” market 盡管有人說,它甚至是在熊市;事實上,達瓦斯取得了他的大部分錢,在一個時期內,這是歷史上被認為是一個“寶寶熊“的市場。

The act of purchasing an “ in the money “ put option so that the buyer can capitalize on a bear market by effectively shorting a stock without waiting for an uptick 買入價內看跌期權,買方因此可賣空相關股份,從而可以在熊市里無需等待股價回升而獲利。

bear skin

In chinese stock market there are a variety of falsification and breach of faith which result in belief crisis . now is the situation that the regulator , the public companies , the financial intermediaries and the investors will have no faith in each other . on june 6th , 2005 the shanghai composite index fell below 1000 . during four years bear market investors have losed almost $ 1 , 000 billion , and the heavy loss gives us a lesson that the stock market must build on the foundation of credit . the non - tradable shares is a big barrier . now we are sweeping off the barrier and cherish a open , fair and justicial stock market . to make a sound foundation for the stock market the key is to rebuild the credit of the market , including the credit of the regulator , the redit of the public companies , the credit of the financial intermediaries and the cultivation of the credit culture . this paper profoundly analyses the credit environment of the chinese stock market by the use of credit theory , pointing out that the reason accounting for the lack of credit of the chinese stock market is the unclearly established ownership of the property rights . another reason is that the regulator makes his credit destroyed when he is sustaining the public companies . how to improve the credit environment of the chinese stock market 但真正要重建中國證券市場,關鍵還在于重建市場信用,包括政府信用、上市公司信用、中介機構信用、以及由全體投資者參與的信用文化培育。本文在研究信用理論基礎上,深入研究中國證券市場信用現狀,指出中國證券市場信用缺失的根本原因是上市公司產權不明晰、政府為了維護國有控股上市公司的利益使自身信用一再遭到破壞,同時沒有有效的失信懲罰機制。對于如何改善中國證券市場的信用狀況,研究表明:重建證券市場信用,必須首先改革國有資產管理體制,使政府擺脫與上市公司的利益糾葛,從而政府成為中立的裁判者。

The investors hope to obtain higher repayment at the expense of certain risks . in our country , the security market has declined since 2001 and become the “ bear market ” from the “ bull market ” . on june 6 , 2005 , the index of shanghai stock exchange shrank to 998 . 22 points , which was the minimum position since 1997 2001年我國股市由牛轉熊,短短半年上證指數就從2245點跌到1339點,跌幅高達40 % ,至2005年6月6日,我國上證指數的1000點終于被擊穿,下探998 . 22點,這是上證指數8年以來的最低點位。

Fifthly , it discusses that in the dual issues whether the market timing is more important than the target capital structure or not , which can make supplement for the relationship between capital structure and market timing . sixthly , it emphasizes on the aftereffects of china corporate season equity issues , compares the announcement effects and long - term market performances of sei in bull market and bear market , and surveys the reasons and the mechanism of china corporate sei 在融資決策研究之后,本文針對中國上市公司的權益再融資行為進行事后效果評價,在不同的市場態勢(牛市和熊市)下,對比分析配股和增發兩種權益再融資行為的短期公告效應和中長期市場表現,并刨析再融資行為的事后長期績效的決定因素和作用力。

Based on the established methodology , we test the momentum effect in bull market ( from june , 1997 to june , 2001 ) and in bear market ( from june , 2001 to june , 2005 ) respectively on weekly basis in the article 摘要在參考國外研究方法的基礎上,以周作為檢驗周期,將1997年6月至2001年6月的股市作為牛市, 2001年6月至2005年6月的股市作為熊市,然后分別檢驗股市在這兩個不同時期的動量效應。

And the analysis reveals that when the stock market is in bear market the funds can prevail in the market , it speaks for the expertise of professionals , and the funds are subdivided which can describe the performance more exactly 實證研究表明股市處于熊市時基金能戰勝市場,在一定程度上體現了專家理財能力;同時,還發現對基金細分后能更合理更公正地評價基金業績。

For an investor who needs a minimum sum of savings to meet his mortgage payment next month , it will be inappropriate to ask him to invest more of his savings in a bear market , although the strategy might prove profitable in a year ' s time 對一個需要為償還下期抵押貸款而儲蓄的人來說,他雖然可能在一年后獲益,但叫他在熊市時增加在股市的投資卻是不適當的。

Nonetheless , this uptick will still be a rally in a bear market , and so the downtrend will probably resume from there , looking for a break of 110 . 00 and for support to gel at 108 . 50 - 108 . 00 area further out 不過,這上升仍然是在熊市方面的回升,下降趨勢或許將恢復從在那里,尋找一和適合對的支持凝膠在108 . 50 - 108 . 00地區更進一步在外的110 . 00的休息。

The paper detects investing psychology of chinese shareholders based on a statistical analysis of stock exchange rate from shanghai ' s stock market , which is made separately on bull market , balance market and bear market 摘要利用上海滬市在牛市、平穩及態市三種狀況下的股票歷史數據,并通過多種統計方法,對中國股民的投資心理進行了實證分析。

In the summer , if he sees indications of a bull or a bear market starting , he gets in again , and if the market moves his way , he may follow it up and pyramid for several months 到了夏末,假如他看到了一個牛市或熊市開始的信號指示時,他又回到市場來了,假如市場按他預想的運行,就會使用金字塔方法逐步累進跟隨趨勢幾個月。

We must realize that the fund is a double - edged instrument which always acts by the following principle : it will be bought in the bull market and will be sold in the bear market 只要基金認為股市處于牛市,它們是一定要買入的。而當股市發生逆轉步入熊市時,基金就會堅決拋售股票,而絕不會救市,這對市場的沖擊作用更大。

While in the other side of this planet , unlucky chinese investor who survived long 5 years bear market now are experiencing a bull market whose index increased by more than 100 % in the last two years 在地球的對面,不那么幸運的中國投資者在熬過了五年的漫漫熊市之后又經歷了兩年指數漲幅超過100的牛市。

“ things like that happen , ” says mr . li , a 63 - year - old engineer . “ but i ' m not worried about a crash . after a five - year - long bear market , the bull market shouldn ' t end that fast “雖然發生這種事, ” 63歲的工程師李先生說, “但我不擔心崩盤。在一個長達五年之久的熊市之后,牛市不應該那么快結束。 ”

( 4 ) after we lower their p / e ratio , the firms with bad earning character can gain excess yield in bull market , and it can reduce loss in bear market ( 4 )盈余品質較差的企業,如果將其市盈率倍數調整降低后,發現在股市繁榮時,同樣也能獲取超額報酬,而在股市疲弱時,也能把損失金額降至最低。

Helped by falling oil prices , the dow jones industrial average reached record highs this week , the latest sign that investor sentiment is recovering from the bear market of 2000 - 02 由于下跌的油價相助,道瓊斯工業平均指數本周創下新高,這是2000年到2002年熊市以后投資者信心正在回升的最新標志。

Investment of life insurance in china developed fast in short time . as result of bear market and cut - off of interest - rate in several years , risk of investment becomes more and more violent 我國壽險投資起步較晚,發展卻很快,但隨著近年股市大勢的下跌和央行降息的影響,投資風險日漸顯現。

And despite what some say , it works even in a bear market ; in fact , darvas made most of his money in a period that was historically considered to be a “ baby bear ” market 盡管有人說,它甚至是在熊市;事實上,達瓦斯取得了他的大部分錢,在一個時期內,這是歷史上被認為是一個“寶寶熊“的市場。

“ things like that happen , ” says mr . li , a 63 - year - old engineer . “ but i ' m not worried about a crash . after a five - year - long bear market , the bull market shouldn ' t end that fast “雖然這樣, ” 63歲的工程師李先生說。 “但我并不擔心崩盤。五年之久的熊市之后,牛市的結束應該不會這么快。 ”