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alan63280190
2020-06-23
$Salesforce(CRM)$
saas鼻祖
alan63280190
2020-06-19
这篇文章不错,转发给大家看看
@元气资本:喧嚣618:阿里京东拼多多底层运营逻辑之变
alan63280190
2020-06-19
$Royalty Pharma plc(RPRX)$
这个票很快就会啊到80块!
alan63280190
2020-06-19
$Royalty Pharma plc(RPRX)$
Royalty Pharma成立于1996年,是生物制药特许权使用费的最大买家,也是生物制药行业创新的主要资助者。其产品组合包括超过45种商业产品的特许权,其中有艾伯维(ABBV.US)和强生(JNJ.US)的依鲁替尼(Imbruvica),Astellas(ALPMY.US)和辉瑞(PFE.US)的Xtandi,Biogen(BIIB.US)的Tysabri,吉利德科学(GILD.US)的HIV专营权,默克的Januvia,诺华(NVS.US)的Promacta和福泰制药(VRTX.US)的Kalydeco以及Symdeko和Trika候选产品。
alan63280190
2020-06-03
不错的电影收藏了!
@小虎AV: 【纪录片《豪门秘事》讲述赌王何鸿燊的传奇人生】据港媒报道,一代赌王何鸿燊去世,享年98岁[默哀]。纪录片带你了解澳门赌王何鸿燊的传奇人生,如何从一个落魄少年成长为一代赌王!纪录片还讲到了霍英东和李嘉诚,可以慢慢看[哟哟]$澳博控股ADR(SJMHY)$ $澳博控股(00880)$ $新濠国际发展(00200)$ $信德集团(00242)$
alan63280190
2020-03-24
这篇文章不错,转发给大家看看
抱歉,原内容已删除
去老虎APP查看更多动态
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当下,我们简单复盘这些平台的崛起。<a target=\"_blank\" href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a> 的二次腾飞归功于淘宝到天猫的升级,而天猫的成功就在于“双十一”的打造。2014年,张勇主导了天猫的品牌升级,经历多次组织架构调整后,强调了天猫的核心战略地位。而蒋凡则主导了算法技术的革新,“千人千面”的策略调整流量分发路径,提升匹配效率,成功将诸如服装、家电等品牌的结构占比从过去不足10%,提升到了25%以上。其后,阿里在2015年入股苏宁易购,有了和京东在3C领域对垒的实力。<a target=\"_blank\" href=\"https://laohu8.com/S/JD\">$京东(JD)$</a> 第一阶段的顶峰应该是在2017年的618达到的。凭借流量优势,京东锁定三方商户库存降价促销,成功给销售额装上火箭助推器,比肩上年双十一销售总额。阿里“要求本地化的品牌商户及淘品牌二选一”,对京东第三方平台供给","listText":"“此时此刻,进退早已埋下伏笔。”本文为元气资本第01篇原创文章分析师)零号地铁、公交站和电梯间再次被整齐划一的广告铺满,手机早已被短信轮番轰炸,疫情之后第一场618大促,对电商三大平台——淘系、京东、拼多多(AJP)——来说,是一场“今日之战”。消费热潮之下,回归理性思考。关于零售电商平台,在我们的长期认知中,其属性是由公司战略角度决定的,以战略思维而言,三家公司可谓是各有所长。阿里与京东都是站在供给侧,而拼多多是站在需求侧。但就整个电商行业的前景,我们判断,线上渗透率还将进一步提升,集中度也将进一步提升,大鱼吃小鱼。各大平台已展现出差异化,选择不同的平台的同一级别品牌,盈利状况也将不同。而相比往年,今年尤为特殊,此时此刻,三大电商的进退早已埋下伏笔。上篇:三大电商打法复盘 当下,我们简单复盘这些平台的崛起。<a target=\"_blank\" href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a> 的二次腾飞归功于淘宝到天猫的升级,而天猫的成功就在于“双十一”的打造。2014年,张勇主导了天猫的品牌升级,经历多次组织架构调整后,强调了天猫的核心战略地位。而蒋凡则主导了算法技术的革新,“千人千面”的策略调整流量分发路径,提升匹配效率,成功将诸如服装、家电等品牌的结构占比从过去不足10%,提升到了25%以上。其后,阿里在2015年入股苏宁易购,有了和京东在3C领域对垒的实力。<a target=\"_blank\" href=\"https://laohu8.com/S/JD\">$京东(JD)$</a> 第一阶段的顶峰应该是在2017年的618达到的。凭借流量优势,京东锁定三方商户库存降价促销,成功给销售额装上火箭助推器,比肩上年双十一销售总额。阿里“要求本地化的品牌商户及淘品牌二选一”,对京东第三方平台供给","text":"“此时此刻,进退早已埋下伏笔。”本文为元气资本第01篇原创文章分析师)零号地铁、公交站和电梯间再次被整齐划一的广告铺满,手机早已被短信轮番轰炸,疫情之后第一场618大促,对电商三大平台——淘系、京东、拼多多(AJP)——来说,是一场“今日之战”。消费热潮之下,回归理性思考。关于零售电商平台,在我们的长期认知中,其属性是由公司战略角度决定的,以战略思维而言,三家公司可谓是各有所长。阿里与京东都是站在供给侧,而拼多多是站在需求侧。但就整个电商行业的前景,我们判断,线上渗透率还将进一步提升,集中度也将进一步提升,大鱼吃小鱼。各大平台已展现出差异化,选择不同的平台的同一级别品牌,盈利状况也将不同。而相比往年,今年尤为特殊,此时此刻,三大电商的进退早已埋下伏笔。上篇:三大电商打法复盘 当下,我们简单复盘这些平台的崛起。$阿里巴巴(BABA)$ 的二次腾飞归功于淘宝到天猫的升级,而天猫的成功就在于“双十一”的打造。2014年,张勇主导了天猫的品牌升级,经历多次组织架构调整后,强调了天猫的核心战略地位。而蒋凡则主导了算法技术的革新,“千人千面”的策略调整流量分发路径,提升匹配效率,成功将诸如服装、家电等品牌的结构占比从过去不足10%,提升到了25%以上。其后,阿里在2015年入股苏宁易购,有了和京东在3C领域对垒的实力。$京东(JD)$ 第一阶段的顶峰应该是在2017年的618达到的。凭借流量优势,京东锁定三方商户库存降价促销,成功给销售额装上火箭助推器,比肩上年双十一销售总额。阿里“要求本地化的品牌商户及淘品牌二选一”,对京东第三方平台供给","images":[{"img":"https://static.tigerbbs.com/cc3b162327e419b77297ce73e5d13949","width":"900","height":"506"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/955254414","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":11,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":768,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":955420020,"gmtCreate":1592514302960,"gmtModify":1704199589037,"author":{"id":"3458945768096539","authorId":"3458945768096539","name":"alan63280190","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3458945768096539","authorIdStr":"3458945768096539"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/RPRX\">$Royalty Pharma plc(RPRX)$</a>这个票很快就会啊到80块!","listText":"<a href=\"https://laohu8.com/S/RPRX\">$Royalty Pharma plc(RPRX)$</a>这个票很快就会啊到80块!","text":"$Royalty Pharma plc(RPRX)$这个票很快就会啊到80块!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/955420020","isVote":1,"tweetType":1,"viewCount":2439,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":955467237,"gmtCreate":1592513850429,"gmtModify":1704199588691,"author":{"id":"3458945768096539","authorId":"3458945768096539","name":"alan63280190","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3458945768096539","authorIdStr":"3458945768096539"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/RPRX\">$Royalty Pharma plc(RPRX)$</a>Royalty Pharma成立于1996年,是生物制药特许权使用费的最大买家,也是生物制药行业创新的主要资助者。其产品组合包括超过45种商业产品的特许权,其中有艾伯维(ABBV.US)和强生(JNJ.US)的依鲁替尼(Imbruvica),Astellas(ALPMY.US)和辉瑞(PFE.US)的Xtandi,Biogen(BIIB.US)的Tysabri,吉利德科学(GILD.US)的HIV专营权,默克的Januvia,诺华(NVS.US)的Promacta和福泰制药(VRTX.US)的Kalydeco以及Symdeko和Trika候选产品。","listText":"<a href=\"https://laohu8.com/S/RPRX\">$Royalty Pharma plc(RPRX)$</a>Royalty Pharma成立于1996年,是生物制药特许权使用费的最大买家,也是生物制药行业创新的主要资助者。其产品组合包括超过45种商业产品的特许权,其中有艾伯维(ABBV.US)和强生(JNJ.US)的依鲁替尼(Imbruvica),Astellas(ALPMY.US)和辉瑞(PFE.US)的Xtandi,Biogen(BIIB.US)的Tysabri,吉利德科学(GILD.US)的HIV专营权,默克的Januvia,诺华(NVS.US)的Promacta和福泰制药(VRTX.US)的Kalydeco以及Symdeko和Trika候选产品。","text":"$Royalty Pharma plc(RPRX)$Royalty Pharma成立于1996年,是生物制药特许权使用费的最大买家,也是生物制药行业创新的主要资助者。其产品组合包括超过45种商业产品的特许权,其中有艾伯维(ABBV.US)和强生(JNJ.US)的依鲁替尼(Imbruvica),Astellas(ALPMY.US)和辉瑞(PFE.US)的Xtandi,Biogen(BIIB.US)的Tysabri,吉利德科学(GILD.US)的HIV专营权,默克的Januvia,诺华(NVS.US)的Promacta和福泰制药(VRTX.US)的Kalydeco以及Symdeko和Trika候选产品。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/955467237","isVote":1,"tweetType":1,"viewCount":3098,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":958955751,"gmtCreate":1591145370973,"gmtModify":1704194533369,"author":{"id":"3458945768096539","authorId":"3458945768096539","name":"alan63280190","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3458945768096539","authorIdStr":"3458945768096539"},"themes":[],"htmlText":"不错的电影收藏了!","listText":"不错的电影收藏了!","text":"不错的电影收藏了!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/958955751","repostId":"953506595","repostType":1,"repost":{"id":953506595,"gmtCreate":1590475277106,"gmtModify":1704192568310,"author":{"id":"3514329116425907","authorId":"3514329116425907","name":"小虎AV","avatar":"https://static.tigerbbs.com/162e12f8dcec770ec19f66f2abb0d5db","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3514329116425907","authorIdStr":"3514329116425907"},"themes":[],"htmlText":"\n \n \n 【纪录片《豪门秘事》讲述赌王何鸿燊的传奇人生】据港媒报道,一代赌王何鸿燊去世,享年98岁[默哀]。纪录片带你了解澳门赌王何鸿燊的传奇人生,如何从一个落魄少年成长为一代赌王!纪录片还讲到了霍英东和李嘉诚,可以慢慢看[哟哟]$澳博控股ADR(SJMHY)$ $澳博控股(00880)$ $新濠国际发展(00200)$ $信德集团(00242)$\n \n","listText":"【纪录片《豪门秘事》讲述赌王何鸿燊的传奇人生】据港媒报道,一代赌王何鸿燊去世,享年98岁[默哀]。纪录片带你了解澳门赌王何鸿燊的传奇人生,如何从一个落魄少年成长为一代赌王!纪录片还讲到了霍英东和李嘉诚,可以慢慢看[哟哟]$澳博控股ADR(SJMHY)$ $澳博控股(00880)$ $新濠国际发展(00200)$ $信德集团(00242)$","text":"【纪录片《豪门秘事》讲述赌王何鸿燊的传奇人生】据港媒报道,一代赌王何鸿燊去世,享年98岁[默哀]。纪录片带你了解澳门赌王何鸿燊的传奇人生,如何从一个落魄少年成长为一代赌王!纪录片还讲到了霍英东和李嘉诚,可以慢慢看[哟哟]$澳博控股ADR(SJMHY)$ $澳博控股(00880)$ $新濠国际发展(00200)$ 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的二次腾飞归功于淘宝到天猫的升级,而天猫的成功就在于“双十一”的打造。2014年,张勇主导了天猫的品牌升级,经历多次组织架构调整后,强调了天猫的核心战略地位。而蒋凡则主导了算法技术的革新,“千人千面”的策略调整流量分发路径,提升匹配效率,成功将诸如服装、家电等品牌的结构占比从过去不足10%,提升到了25%以上。其后,阿里在2015年入股苏宁易购,有了和京东在3C领域对垒的实力。<a target=\"_blank\" href=\"https://laohu8.com/S/JD\">$京东(JD)$</a> 第一阶段的顶峰应该是在2017年的618达到的。凭借流量优势,京东锁定三方商户库存降价促销,成功给销售额装上火箭助推器,比肩上年双十一销售总额。阿里“要求本地化的品牌商户及淘品牌二选一”,对京东第三方平台供给","text":"“此时此刻,进退早已埋下伏笔。”本文为元气资本第01篇原创文章分析师)零号地铁、公交站和电梯间再次被整齐划一的广告铺满,手机早已被短信轮番轰炸,疫情之后第一场618大促,对电商三大平台——淘系、京东、拼多多(AJP)——来说,是一场“今日之战”。消费热潮之下,回归理性思考。关于零售电商平台,在我们的长期认知中,其属性是由公司战略角度决定的,以战略思维而言,三家公司可谓是各有所长。阿里与京东都是站在供给侧,而拼多多是站在需求侧。但就整个电商行业的前景,我们判断,线上渗透率还将进一步提升,集中度也将进一步提升,大鱼吃小鱼。各大平台已展现出差异化,选择不同的平台的同一级别品牌,盈利状况也将不同。而相比往年,今年尤为特殊,此时此刻,三大电商的进退早已埋下伏笔。上篇:三大电商打法复盘 当下,我们简单复盘这些平台的崛起。$阿里巴巴(BABA)$ 的二次腾飞归功于淘宝到天猫的升级,而天猫的成功就在于“双十一”的打造。2014年,张勇主导了天猫的品牌升级,经历多次组织架构调整后,强调了天猫的核心战略地位。而蒋凡则主导了算法技术的革新,“千人千面”的策略调整流量分发路径,提升匹配效率,成功将诸如服装、家电等品牌的结构占比从过去不足10%,提升到了25%以上。其后,阿里在2015年入股苏宁易购,有了和京东在3C领域对垒的实力。$京东(JD)$ 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\n \n 【纪录片《豪门秘事》讲述赌王何鸿燊的传奇人生】据港媒报道,一代赌王何鸿燊去世,享年98岁[默哀]。纪录片带你了解澳门赌王何鸿燊的传奇人生,如何从一个落魄少年成长为一代赌王!纪录片还讲到了霍英东和李嘉诚,可以慢慢看[哟哟]$澳博控股ADR(SJMHY)$ $澳博控股(00880)$ $新濠国际发展(00200)$ $信德集团(00242)$\n \n","listText":"【纪录片《豪门秘事》讲述赌王何鸿燊的传奇人生】据港媒报道,一代赌王何鸿燊去世,享年98岁[默哀]。纪录片带你了解澳门赌王何鸿燊的传奇人生,如何从一个落魄少年成长为一代赌王!纪录片还讲到了霍英东和李嘉诚,可以慢慢看[哟哟]$澳博控股ADR(SJMHY)$ $澳博控股(00880)$ $新濠国际发展(00200)$ $信德集团(00242)$","text":"【纪录片《豪门秘事》讲述赌王何鸿燊的传奇人生】据港媒报道,一代赌王何鸿燊去世,享年98岁[默哀]。纪录片带你了解澳门赌王何鸿燊的传奇人生,如何从一个落魄少年成长为一代赌王!纪录片还讲到了霍英东和李嘉诚,可以慢慢看[哟哟]$澳博控股ADR(SJMHY)$ $澳博控股(00880)$ $新濠国际发展(00200)$ $信德集团(00242)$","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/953506595","isVote":1,"tweetType":2,"object":{"id":"7cd318b186ec476f9114a0fa4d81660f","tweetId":"953506595","videoUrl":"https://1254107296.vod2.myqcloud.com/73ba5544vodgzp1254107296/0bd2bc445285890803033826045/IIHhpH8eg3MA.mp4","poster":"https://static.tigerbbs.com/8a07ed3e99135aa9b4e77cf3b9a2614f"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":920599337,"gmtCreate":1585058762229,"gmtModify":1704356756253,"author":{"id":"3458945768096539","authorId":"3458945768096539","name":"alan63280190","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3458945768096539","authorIdStr":"3458945768096539"},"themes":[],"htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/920599337","repostId":"2021907559","repostType":2,"repost":{"id":"2021907559","pubTimestamp":1585057753,"share":"https://www.laohu8.com/m/news/2021907559?lang=&edition=full","pubTime":"2020-03-24 21:49","market":"hk","language":"zh","title":"历次熊市回顾:美股复苏最短只需百天?","url":"https://stock-news.laohu8.com/highlight/detail?id=2021907559","media":"智通财经网","summary":"我们无需害怕熊市,因为熊市终将过去——而且是以较快的速度过去。","content":"<html><body><article>\n<p><strong>本文源自“金十数据”。</strong></p><p>Wealthfront联合创始人兼首席执行官安迪·拉赫列夫(Andy Rachleff)认为,股市入熊并不是世界末日,历史经验告诉我们,由熊转牛往往比由牛入熊来得更快,更容易。他在著名分析网站Seeking Alpha上发表了一篇专栏文章,专门论述这一观点。</p><p>2020年开年阶段股市屡创新高,但新公共卫生事件的爆发让形势急转直下。2月19日至3月11日,经过连续三周暴跌,道指和标普500指数无奈入熊。哪怕美联储降息100个基点并且启动7000亿美元救市计划,也没能成功拯救市场,反而让投资者的恐慌情绪飙升,恐慌指数VIX更一度升至十年来的最高水平。</p><p>之前每当出现熊市时,许多散户会在市场下跌时迅速抛售,因为他们担心牛市一去不复返。具体到这次危机,由于美股在此前多次刷新历史新高,而且市场泡沫巨大,导致投资者对一丁点下跌信号都格外敏感。因此,当利空出现时,投资者受到强烈的心理冲击,恐惧和不确定性在市场迅速蔓延,许多投资者撤离股市,转向固定收益资产。</p><p>然而,事实恰恰相反,牛市不仅会卷土重来,而且历史证明回来的速度比投资者想像的还要快。</p><p>那么熊市会持续多长时间呢?历史数据可以给我们提供参考。从下面的图表中可以看到,自1965年以来,美股已经出现过16次市场修正(即从高点下降10%)和12次熊市。下表显示了每次市场调整的规模以及市场成功反弹、回升至到峰值时所花费的时间。</p><p><img src=\"http://img.zhitongcaijing.com/images/contentformat/4463e4f2bba0a74af56680d9be1bcb23.jpg\"/></p><p>统计显示,出现市场修正后,股市的平均恢复时间为126天,这对于长期投资者来说并不长。然而,许多研究机构发现,只要市场下跌,散户就会马上退出市场,导致他们平均每年损失3.5%的收益。</p><p>毫无疑问,走出熊市的时间要长得多,平均为637天。但需要注意的是,1970年代美股花了六年时间走出熊市,大大拉低了平均复苏速度。而最快的一次复苏,只花了121天。从历史上看,坚持撑过了熊市的投资者在接下来的1.7年中获得超过20%的收益,回报率非常诱人。</p><p><img src=\"http://img.zhitongcaijing.com/images/contentformat/5c04d4b1c5d8b723326643f2381a5e07.jpg\"/></p><p>综上所述,股市入熊并不是世界末日。对于长期投资者而言,熊市不是其退出市场的理由。相反,拉赫列夫认为在熊市上进行投资可以增加你退休时持有的股票的价值。</p><p>“简单地说,如果你在1965年1月1日开始投资股市,并在接下来的55年中忍受了所有的市场调整和熊市,到今天,你的复合收益率将达到6.51%,远远超过3.91%的复合通货膨胀率。”</p><p>但是人性的恐惧很难克服,很少有投资者可以在市场动荡的时候做到忽略市场调整和熊市、坚持不退场,哪怕你是征战股市多年的沙场老手。(编辑:任白鸽)</p> </article></body></html>","source":"highlight_zhitongcaijin","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\" 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margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n历次熊市回顾:美股复苏最短只需百天?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2020-03-24 21:49 北京时间 <a href=http://www.zhitongcaijing.com/content/detail/285618.html><strong>智通财经网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>本文源自“金十数据”。Wealthfront联合创始人兼首席执行官安迪·拉赫列夫(Andy Rachleff)认为,股市入熊并不是世界末日,历史经验告诉我们,由熊转牛往往比由牛入熊来得更快,更容易。他在著名分析网站Seeking Alpha上发表了一篇专栏文章,专门论述这一观点。2020年开年阶段股市屡创新高,但新公共卫生事件的爆发让形势急转直下。2月19日至3月11日,经过连续三周暴跌,道指和...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/285618.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://img.zhitongcaijing.com/image/20200324/20200324215109_41640.png?x-oss-process=image/format,jpg/quality,Q_80","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SPY":"标普500ETF","SH":"标普500反向ETF","SPXU":"三倍做空标普500ETF","SDS":"两倍做空标普500ETF","IVV":"标普500指数ETF","SSO":"两倍做多标普500ETF"},"source_url":"http://www.zhitongcaijing.com/content/detail/285618.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2021907559","content_text":"本文源自“金十数据”。Wealthfront联合创始人兼首席执行官安迪·拉赫列夫(Andy Rachleff)认为,股市入熊并不是世界末日,历史经验告诉我们,由熊转牛往往比由牛入熊来得更快,更容易。他在著名分析网站Seeking Alpha上发表了一篇专栏文章,专门论述这一观点。2020年开年阶段股市屡创新高,但新公共卫生事件的爆发让形势急转直下。2月19日至3月11日,经过连续三周暴跌,道指和标普500指数无奈入熊。哪怕美联储降息100个基点并且启动7000亿美元救市计划,也没能成功拯救市场,反而让投资者的恐慌情绪飙升,恐慌指数VIX更一度升至十年来的最高水平。之前每当出现熊市时,许多散户会在市场下跌时迅速抛售,因为他们担心牛市一去不复返。具体到这次危机,由于美股在此前多次刷新历史新高,而且市场泡沫巨大,导致投资者对一丁点下跌信号都格外敏感。因此,当利空出现时,投资者受到强烈的心理冲击,恐惧和不确定性在市场迅速蔓延,许多投资者撤离股市,转向固定收益资产。然而,事实恰恰相反,牛市不仅会卷土重来,而且历史证明回来的速度比投资者想像的还要快。那么熊市会持续多长时间呢?历史数据可以给我们提供参考。从下面的图表中可以看到,自1965年以来,美股已经出现过16次市场修正(即从高点下降10%)和12次熊市。下表显示了每次市场调整的规模以及市场成功反弹、回升至到峰值时所花费的时间。统计显示,出现市场修正后,股市的平均恢复时间为126天,这对于长期投资者来说并不长。然而,许多研究机构发现,只要市场下跌,散户就会马上退出市场,导致他们平均每年损失3.5%的收益。毫无疑问,走出熊市的时间要长得多,平均为637天。但需要注意的是,1970年代美股花了六年时间走出熊市,大大拉低了平均复苏速度。而最快的一次复苏,只花了121天。从历史上看,坚持撑过了熊市的投资者在接下来的1.7年中获得超过20%的收益,回报率非常诱人。综上所述,股市入熊并不是世界末日。对于长期投资者而言,熊市不是其退出市场的理由。相反,拉赫列夫认为在熊市上进行投资可以增加你退休时持有的股票的价值。“简单地说,如果你在1965年1月1日开始投资股市,并在接下来的55年中忍受了所有的市场调整和熊市,到今天,你的复合收益率将达到6.51%,远远超过3.91%的复合通货膨胀率。”但是人性的恐惧很难克服,很少有投资者可以在市场动荡的时候做到忽略市场调整和熊市、坚持不退场,哪怕你是征战股市多年的沙场老手。(编辑:任白鸽)","news_type":1},"isVote":1,"tweetType":1,"viewCount":946,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}