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CarrieOon
2021-04-26
Good
抱歉，原内容已删除
CarrieOon
2021-04-26
Good read wooo
The psychology of a stock market bubble
CarrieOon
2021-04-26
👍
Disney's Searchlight studio takes top Oscar, Netflix still waiting
CarrieOon
2021-04-25
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read wooo","listText":"Good read wooo","text":"Good read wooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/374386790","repostId":"2129296363","repostType":4,"repost":{"id":"2129296363","pubTimestamp":1619407680,"share":"https://www.laohu8.com/m/news/2129296363?lang=&edition=full","pubTime":"2021-04-26 11:28","market":"us","language":"en","title":"The psychology of a stock market bubble","url":"https://stock-news.laohu8.com/highlight/detail?id=2129296363","media":"MarketWatch","summary":"Worry about a bubble is widespread at the top of a bubbleSometimes people are drawn to investing bec","content":"<p>Worry about a bubble is widespread at the top of a bubble</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6aee1d89d41ff471a9548f988bd7c4fd\" tg-width=\"1260\" tg-height=\"840\" referrerpolicy=\"no-referrer\"><span>Sometimes people are drawn to investing because of 'gambler's excitement' Getty Images/iStockphoto</span></p><p>I have no idea whether the stock market is actually forming a bubble that's about to break.</p><p>But I do know that many bulls are fooling themselves when they think a bubble can't happen when so many of us are concerned about <a href=\"https://laohu8.com/S/AONE\">one</a>. In fact, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the distinguishing characteristics of a bubble is that such concern is widespread.</p><p>This seems counterintuitive. You would think that a bubble is most vulnerable to forming and then popping when investors are oblivious to that possibility. But you would be wrong.</p><p>It's important for all of us to be aware of this bubble psychology, but especially if you're a retiree or a near-retiree. That's because, in that case, your investment horizon will be shorter than for those who are younger, and you therefore are less able to recover from the deflation of a market bubble.</p><p>To appreciate how widespread current concern about a bubble is, consider the accompanying chart of data from Google Trends. It plots the relative frequency of Google searches based on the term \"stock market bubble.\" Notice that this frequency has recently jumped to a far-higher level than at any other point over the last five years.</p><p><img src=\"https://static.tigerbbs.com/10c79372e12449d1f3e00acd1666c914\" tg-width=\"1260\" tg-height=\"849\" referrerpolicy=\"no-referrer\"></p><p>This widespread concern is entirely consistent with a bubble's formation, according to a definition proposed several decades ago by Robert Shiller, the Yale finance professor and Nobel laureate. According to him, a bubble is \"a market situation in which news of price increases spurs investor enthusiasm which spreads by psychological contagion from person to person, bringing in a larger and larger class of investors, who, despite doubts about fundamental value, are drawn to the investment partly through envy of others' successes and partly through a gambler's excitement.\" (I italicized the above phrase, not Shiller.)</p><p>Notice that recognition of overvaluation is an integral part of the definition.</p><p>This recognition was certainly present during the weeks and months prior to the popping of the Internet bubble in March 2000. During the early and middle years of the 1990s, you may recall, it was possible to justify higher prices while keeping a straight face. But that became less and less possible as prices continued going higher in the late 1990s, and especially as some dot-com companies went public with huge valuations despite having no assets, revenue or business plan.</p><p>Rather than responding by taking some chips off the table, however, many began freely admitting that a bubble was forming. They no longer tried to justify higher prices on fundamentals, but began justifying it instead in terms of the market's momentum. Prices should keep going up as FOMO seduces more and more investors to jump on the bandwagon.</p><p>There is no shortage of current analogies, of course. Take dogecoin, which was created as a joke and has no fundamental value. As a recent Wall Street Journal article outlined , the dogecoin \"serves no purpose and, unlike Bitcoin, faces no limit on the number of coins that exist.\" Yet investors are flocking to it, for no other apparent reason than it has already gone up so much. Billy Markus, the co-creator of dogecoin, was quoted in that Wall Street Journal article saying \"This is absurd. I haven't seen anything like it. It's one of those things that once it starts going up, it might keep going up.\"</p><p>Needless to say, things don't go up forever. Those who nevertheless continue to invest in such an environment do so with the implicit assumption that they will be able to recognize it, in advance, when the bubble is about to pop--and therefore able to leave the party before everyone else. This is a dangerous delusion, however; not everyone can be the first to leave the party.</p><p>The bottom line? Far from being a reason why a bubble isn't forming, the widespread current concern about a possible bubble is actually a reason to worry that it could be. Take heed.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The psychology of a stock market bubble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe psychology of a stock market bubble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 11:28 GMT+8 <a href=https://www.marketwatch.com/story/the-psychology-of-a-stock-market-bubble-11619198164?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Worry about a bubble is widespread at the top of a bubbleSometimes people are drawn to investing because of 'gambler's excitement' Getty Images/iStockphotoI have no idea whether the stock market is ...</p>\n\n<a href=\"https://www.marketwatch.com/story/the-psychology-of-a-stock-market-bubble-11619198164?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/the-psychology-of-a-stock-market-bubble-11619198164?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129296363","content_text":"Worry about a bubble is widespread at the top of a bubbleSometimes people are drawn to investing because of 'gambler's excitement' Getty Images/iStockphotoI have no idea whether the stock market is actually forming a bubble that's about to break.But I do know that many bulls are fooling themselves when they think a bubble can't happen when so many of us are concerned about one. In fact, one of the distinguishing characteristics of a bubble is that such concern is widespread.This seems counterintuitive. You would think that a bubble is most vulnerable to forming and then popping when investors are oblivious to that possibility. But you would be wrong.It's important for all of us to be aware of this bubble psychology, but especially if you're a retiree or a near-retiree. That's because, in that case, your investment horizon will be shorter than for those who are younger, and you therefore are less able to recover from the deflation of a market bubble.To appreciate how widespread current concern about a bubble is, consider the accompanying chart of data from Google Trends. It plots the relative frequency of Google searches based on the term \"stock market bubble.\" Notice that this frequency has recently jumped to a far-higher level than at any other point over the last five years.This widespread concern is entirely consistent with a bubble's formation, according to a definition proposed several decades ago by Robert Shiller, the Yale finance professor and Nobel laureate. According to him, a bubble is \"a market situation in which news of price increases spurs investor enthusiasm which spreads by psychological contagion from person to person, bringing in a larger and larger class of investors, who, despite doubts about fundamental value, are drawn to the investment partly through envy of others' successes and partly through a gambler's excitement.\" (I italicized the above phrase, not Shiller.)Notice that recognition of overvaluation is an integral part of the definition.This recognition was certainly present during the weeks and months prior to the popping of the Internet bubble in March 2000. During the early and middle years of the 1990s, you may recall, it was possible to justify higher prices while keeping a straight face. But that became less and less possible as prices continued going higher in the late 1990s, and especially as some dot-com companies went public with huge valuations despite having no assets, revenue or business plan.Rather than responding by taking some chips off the table, however, many began freely admitting that a bubble was forming. They no longer tried to justify higher prices on fundamentals, but began justifying it instead in terms of the market's momentum. Prices should keep going up as FOMO seduces more and more investors to jump on the bandwagon.There is no shortage of current analogies, of course. Take dogecoin, which was created as a joke and has no fundamental value. As a recent Wall Street Journal article outlined , the dogecoin \"serves no purpose and, unlike Bitcoin, faces no limit on the number of coins that exist.\" Yet investors are flocking to it, for no other apparent reason than it has already gone up so much. Billy Markus, the co-creator of dogecoin, was quoted in that Wall Street Journal article saying \"This is absurd. I haven't seen anything like it. It's one of those things that once it starts going up, it might keep going up.\"Needless to say, things don't go up forever. Those who nevertheless continue to invest in such an environment do so with the implicit assumption that they will be able to recognize it, in advance, when the bubble is about to pop--and therefore able to leave the party before everyone else. This is a dangerous delusion, however; not everyone can be the first to leave the party.The bottom line? Far from being a reason why a bubble isn't forming, the widespread current concern about a possible bubble is actually a reason to worry that it could be. Take heed.","news_type":1},"isVote":1,"tweetType":1,"viewCount":21,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374386352,"gmtCreate":1619419276776,"gmtModify":1634273628478,"author":{"id":"3576541509338626","authorId":"3576541509338626","authorIdStr":"3576541509338626","name":"CarrieOon","avatar":"https://static.tigerbbs.com/396a535302284eeb7e90e8b3005d946c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576541509338626"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/374386352","repostId":"2130394449","repostType":4,"repost":{"id":"2130394449","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1619412566,"share":"https://www.laohu8.com/m/news/2130394449?lang=&edition=full","pubTime":"2021-04-26 12:49","market":"us","language":"en","title":"Disney's Searchlight studio takes top Oscar, Netflix still waiting","url":"https://stock-news.laohu8.com/highlight/detail?id=2130394449","media":"Reuters","summary":"LOS ANGELES, April 25 (Reuters) - Walt Disney Co's Searchlight Pictures won the best picture trop","content":"<p>LOS ANGELES, April 25 (Reuters) - Walt Disney Co's Searchlight Pictures won the best picture trophy for \"Nomadland\" at the Oscars on Sunday, the fourth time in eight years the studio has collected the film industry's most prestigious honor.</p><p>The victory for \"Nomadland\" left Netflix Inc without the top Academy Award for the third straight year. <a href=\"https://laohu8.com/S/TWOA.U\">Two</a> of its movies, \"The Trial of the Chicago 7\" and \"Mank,\" had been nominated for best picture in a year when pandemic-sheltered audiences turned to streaming services for entertainment.</p><p>Netflix, which eclipsed rivals ahead of the ceremony with 36 nominations, took home a leading seven statuettes including best documentary for \"My Octopus Teacher.\" \"Mank,\" a black-and-white film about the writing of movie classic \"Citizen Kane,\" won for production design and cinematography.</p><p>\"Nomadland,\" the story of van dwellers who travel from job to job to make ends meet, also claimed the best director honor for Chloe Zhao and best actress for Frances McDormand. The movie debuted in theaters in February and was also streamed on Disney-owned Hulu as many cinemas remained closed.</p><p>As she accepted her award, McDormand made a plea for audiences to head back to theaters as soon as they can.</p><p>\"One day, very soon, take everyone you know into a theater, shoulder to shoulder in that dark space, and watch every film that's represented here,\" she said on the Oscars stage.</p><p>For Searchlight, its success in the top category has been unmatched since 2014, the year it won best picture for \"12 Years a Slave\" followed by \"Birdman\" in 2015 and \"The Shape of Water\" in 2018.</p><p>No other studio has claimed the prize more than once during that time.</p><p>Disney acquired Searchlight in 2019 when it bought most of the film and TV businesses owned by Rupert Murdoch's 20th Century Fox. Some Hollywood filmmakers have worried that Disney, which focuses on big franchises such as Marvel and Star Wars, might not remain committed to the adult dramas that are Searchlight's specialty.</p><p>But Disney Executive Chairman Bob Iger recently told The New York Times that the company plans for Searchlight \"to play a big part in supplying content\" for theaters and Disney's streaming platforms. Longtime Searchlight executives Steve Gilula and Nancy Utley announced their retirement last week.</p><p>Also on Sunday, Disney's Pixar studio received two awards for \"Soul\" including best animated movie.</p><p>\"Sound of Metal,\" offered by Amazon Prime , won two awards.</p><p>Warner Bros., owned by AT&T Inc , took three awards including two for \"Judas and the Black Messiah.\"</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>Disney's Searchlight studio takes top Oscar, Netflix still waiting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDisney's Searchlight studio takes top Oscar, Netflix still waiting\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-26 12:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>LOS ANGELES, April 25 (Reuters) - Walt Disney Co's Searchlight Pictures won the best picture trophy for \"Nomadland\" at the Oscars on Sunday, the fourth time in eight years the studio has collected the film industry's most prestigious honor.</p><p>The victory for \"Nomadland\" left Netflix Inc without the top Academy Award for the third straight year. <a href=\"https://laohu8.com/S/TWOA.U\">Two</a> of its movies, \"The Trial of the Chicago 7\" and \"Mank,\" had been nominated for best picture in a year when pandemic-sheltered audiences turned to streaming services for entertainment.</p><p>Netflix, which eclipsed rivals ahead of the ceremony with 36 nominations, took home a leading seven statuettes including best documentary for \"My Octopus Teacher.\" \"Mank,\" a black-and-white film about the writing of movie classic \"Citizen Kane,\" won for production design and cinematography.</p><p>\"Nomadland,\" the story of van dwellers who travel from job to job to make ends meet, also claimed the best director honor for Chloe Zhao and best actress for Frances McDormand. The movie debuted in theaters in February and was also streamed on Disney-owned Hulu as many cinemas remained closed.</p><p>As she accepted her award, McDormand made a plea for audiences to head back to theaters as soon as they can.</p><p>\"One day, very soon, take everyone you know into a theater, shoulder to shoulder in that dark space, and watch every film that's represented here,\" she said on the Oscars stage.</p><p>For Searchlight, its success in the top category has been unmatched since 2014, the year it won best picture for \"12 Years a Slave\" followed by \"Birdman\" in 2015 and \"The Shape of Water\" in 2018.</p><p>No other studio has claimed the prize more than once during that time.</p><p>Disney acquired Searchlight in 2019 when it bought most of the film and TV businesses owned by Rupert Murdoch's 20th Century Fox. Some Hollywood filmmakers have worried that Disney, which focuses on big franchises such as Marvel and Star Wars, might not remain committed to the adult dramas that are Searchlight's specialty.</p><p>But Disney Executive Chairman Bob Iger recently told The New York Times that the company plans for Searchlight \"to play a big part in supplying content\" for theaters and Disney's streaming platforms. Longtime Searchlight executives Steve Gilula and Nancy Utley announced their retirement last week.</p><p>Also on Sunday, Disney's Pixar studio received two awards for \"Soul\" including best animated movie.</p><p>\"Sound of Metal,\" offered by Amazon Prime , won two awards.</p><p>Warner Bros., owned by AT&T Inc , took three awards including two for \"Judas and the Black Messiah.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","NFLX":"奈飞","AMZN":"亚马逊","DIS":"迪士尼"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2130394449","content_text":"LOS ANGELES, April 25 (Reuters) - Walt Disney Co's Searchlight Pictures won the best picture trophy for \"Nomadland\" at the Oscars on Sunday, the fourth time in eight years the studio has collected the film industry's most prestigious honor.The victory for \"Nomadland\" left Netflix Inc without the top Academy Award for the third straight year. Two of its movies, \"The Trial of the Chicago 7\" and \"Mank,\" had been nominated for best picture in a year when pandemic-sheltered audiences turned to streaming services for entertainment.Netflix, which eclipsed rivals ahead of the ceremony with 36 nominations, took home a leading seven statuettes including best documentary for \"My Octopus Teacher.\" \"Mank,\" a black-and-white film about the writing of movie classic \"Citizen Kane,\" won for production design and cinematography.\"Nomadland,\" the story of van dwellers who travel from job to job to make ends meet, also claimed the best director honor for Chloe Zhao and best actress for Frances McDormand. The movie debuted in theaters in February and was also streamed on Disney-owned Hulu as many cinemas remained closed.As she accepted her award, McDormand made a plea for audiences to head back to theaters as soon as they can.\"One day, very soon, take everyone you know into a theater, shoulder to shoulder in that dark space, and watch every film that's represented here,\" she said on the Oscars stage.For Searchlight, its success in the top category has been unmatched since 2014, the year it won best picture for \"12 Years a Slave\" followed by \"Birdman\" in 2015 and \"The Shape of Water\" in 2018.No other studio has claimed the prize more than once during that time.Disney acquired Searchlight in 2019 when it bought most of the film and TV businesses owned by Rupert Murdoch's 20th Century Fox. Some Hollywood filmmakers have worried that Disney, which focuses on big franchises such as Marvel and Star Wars, might not remain committed to the adult dramas that are Searchlight's specialty.But Disney Executive Chairman Bob Iger recently told The New York Times that the company plans for Searchlight \"to play a big part in supplying content\" for theaters and Disney's streaming platforms. Longtime Searchlight executives Steve Gilula and Nancy Utley announced their retirement last week.Also on Sunday, Disney's Pixar studio received two awards for \"Soul\" including best animated movie.\"Sound of Metal,\" offered by Amazon Prime , won two awards.Warner Bros., owned by AT&T Inc , took three awards including two for \"Judas and the Black Messiah.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375200353,"gmtCreate":1619340669472,"gmtModify":1634274116742,"author":{"id":"3576541509338626","authorId":"3576541509338626","authorIdStr":"3576541509338626","name":"CarrieOon","avatar":"https://static.tigerbbs.com/396a535302284eeb7e90e8b3005d946c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576541509338626"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/375200353","repostId":"1118479129","repostType":4,"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":374326501,"gmtCreate":1619421677803,"gmtModify":1634273614340,"author":{"id":"3576541509338626","authorId":"3576541509338626","authorIdStr":"3576541509338626","name":"CarrieOon","avatar":"https://static.tigerbbs.com/396a535302284eeb7e90e8b3005d946c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576541509338626"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/374326501","repostId":"1182428735","repostType":4,"repost":{"id":"1182428735","pubTimestamp":1619420813,"share":"https://www.laohu8.com/m/news/1182428735?lang=&edition=full","pubTime":"2021-04-26 15:06","market":"fut","language":"en","title":"Oil prices to bounce back in the coming months","url":"https://stock-news.laohu8.com/highlight/detail?id=1182428735","media":"FXStreet","summary":"Last week, oil prices fell back as the demand outlook in Asia deteriorated. However, assuming that t","content":"<p>Last week, oil prices fell back as the demand outlook in Asia deteriorated. However, assuming that the latest virus outbreaks are contained before too long, strategists at Capital Economics remain relatively optimistic on the global oil demand outlook, and expect prices to reverse course before long and rise in the months ahead.</p>\n<p>The OPEC+ meeting on Wednesday is a key event</p>\n<p>“We still think that global demand will boom in the coming quarters, led by theUS. The progressive easing of quarantine measures there should continue to lift travel mobility and demand for products, such as gasoline.”</p>\n<p>“We don’t expect OPEC+ to make any major changes to production quotas given that oil prices are only slightly above their level at the previous meeting and the demandoutlookappears broadly similar.”</p>","source":"lsy1617153743470","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>Oil prices to bounce back in the coming months</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil prices to bounce back in the coming months\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 15:06 GMT+8 <a href=https://www.fxstreet.com/news/oil-prices-to-bounce-back-in-the-coming-months-ce-202104260646?utm_source=tco&utm_medium=twitter&utm_campaign=fxstreetnews><strong>FXStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last week, oil prices fell back as the demand outlook in Asia deteriorated. However, assuming that the latest virus outbreaks are contained before too long, strategists at Capital Economics remain ...</p>\n\n<a href=\"https://www.fxstreet.com/news/oil-prices-to-bounce-back-in-the-coming-months-ce-202104260646?utm_source=tco&utm_medium=twitter&utm_campaign=fxstreetnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fxstreet.com/news/oil-prices-to-bounce-back-in-the-coming-months-ce-202104260646?utm_source=tco&utm_medium=twitter&utm_campaign=fxstreetnews","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182428735","content_text":"Last week, oil prices fell back as the demand outlook in Asia deteriorated. However, assuming that the latest virus outbreaks are contained before too long, strategists at Capital Economics remain relatively optimistic on the global oil demand outlook, and expect prices to reverse course before long and rise in the months ahead.\nThe OPEC+ meeting on Wednesday is a key event\n“We still think that global demand will boom in the coming quarters, led by theUS. The progressive easing of quarantine measures there should continue to lift travel mobility and demand for products, such as gasoline.”\n“We don’t expect OPEC+ to make any major changes to production quotas given that oil prices are only slightly above their level at the previous meeting and the demandoutlookappears broadly similar.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":17,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375200353,"gmtCreate":1619340669472,"gmtModify":1634274116742,"author":{"id":"3576541509338626","authorId":"3576541509338626","authorIdStr":"3576541509338626","name":"CarrieOon","avatar":"https://static.tigerbbs.com/396a535302284eeb7e90e8b3005d946c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576541509338626"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/375200353","repostId":"1118479129","repostType":4,"repost":{"id":"1118479129","pubTimestamp":1619336186,"share":"https://www.laohu8.com/m/news/1118479129?lang=&edition=full","pubTime":"2021-04-25 15:36","market":"us","language":"en","title":"Google's recently promoted Search boss earned cash and stock worth $55 million last year","url":"https://stock-news.laohu8.com/highlight/detail?id=1118479129","media":"CNBC","summary":"KEY POINTS\n\nGoogle SVP Prabhakar Raghavan made more than $55 million in 2020.\nRaghavan was promoted ","content":"<div>\n<p>KEY POINTS\n\nGoogle SVP Prabhakar Raghavan made more than $55 million in 2020.\nRaghavan was promoted to oversee Google's Search business last year after a leadership shuffle.\n\nPrabhakar Raghavan, of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/23/google-search-boss-prabhakar-raghavan-made-55-million-in-2020.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Google's recently promoted Search boss earned cash and stock worth $55 million last year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoogle's recently promoted Search boss earned cash and stock worth $55 million last year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 15:36 GMT+8 <a href=https://www.cnbc.com/2021/04/23/google-search-boss-prabhakar-raghavan-made-55-million-in-2020.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nGoogle SVP Prabhakar Raghavan made more than $55 million in 2020.\nRaghavan was promoted to oversee Google's Search business last year after a leadership shuffle.\n\nPrabhakar Raghavan, of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/23/google-search-boss-prabhakar-raghavan-made-55-million-in-2020.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A"},"source_url":"https://www.cnbc.com/2021/04/23/google-search-boss-prabhakar-raghavan-made-55-million-in-2020.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1118479129","content_text":"KEY POINTS\n\nGoogle SVP Prabhakar Raghavan made more than $55 million in 2020.\nRaghavan was promoted to oversee Google's Search business last year after a leadership shuffle.\n\nPrabhakar Raghavan, of Google Inc., speaks during the company's Cloud Next '18 event in San Francisco, California, July 24, 2018.\nGoogle’s recently promoted Search boss Prabhakar Raghavanearned cash and stock $55.25 million last year, according to the company’s annual proxy filing with the U.S. Securities and Exchange Commission.\nThat amount takes into account his 2020 fiscal year salary of $655,000, stock awards amounting to $54.58 million that vest over time, and $9,750 “other.” Alphabet generated over $182 billion in revenue in fiscal 2020.\nThat’s higher than Chief Financial Officer Ruth Porat’s compensation, which amounted to $50.89 million.\nIt’s the first time the company listed Raghavan on its executive compensation table in his new role. The filing also listed for the first time Chief Business Officer Philipp Schindler, who earned $66.38 million during the year. He’s had that role since 2015.\nThe financial disclosure comes nearly a year after Google’s leadership shuffle last summer, in which the company brought Search, Assistant and Ads executives together under new Raghavan, who reports to CEO Sundar Pichai. Search remains one of Alphabet’s most important businesses -- the “Google Search and other” segment accounted for $104 billion in revenue last year, well ahead of other reported segments like YouTube Ads, Google Cloud, and ads sold on Google Network Members’ sites.\nThe 60 year-old executive now oversees Google Search, Assistant, Geo, Ads, Commerce, and Payments products. Previously, he was SVP of ads, commence and payments.","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374386352,"gmtCreate":1619419276776,"gmtModify":1634273628478,"author":{"id":"3576541509338626","authorId":"3576541509338626","authorIdStr":"3576541509338626","name":"CarrieOon","avatar":"https://static.tigerbbs.com/396a535302284eeb7e90e8b3005d946c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576541509338626"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/374386352","repostId":"2130394449","repostType":4,"isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374386790,"gmtCreate":1619419333710,"gmtModify":1634273627999,"author":{"id":"3576541509338626","authorId":"3576541509338626","authorIdStr":"3576541509338626","name":"CarrieOon","avatar":"https://static.tigerbbs.com/396a535302284eeb7e90e8b3005d946c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576541509338626"},"themes":[],"htmlText":"Good read wooo","listText":"Good read wooo","text":"Good read wooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/374386790","repostId":"2129296363","repostType":4,"repost":{"id":"2129296363","pubTimestamp":1619407680,"share":"https://www.laohu8.com/m/news/2129296363?lang=&edition=full","pubTime":"2021-04-26 11:28","market":"us","language":"en","title":"The psychology of a stock market bubble","url":"https://stock-news.laohu8.com/highlight/detail?id=2129296363","media":"MarketWatch","summary":"Worry about a bubble is widespread at the top of a bubbleSometimes people are drawn to investing bec","content":"<p>Worry about a bubble is widespread at the top of a bubble</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6aee1d89d41ff471a9548f988bd7c4fd\" tg-width=\"1260\" tg-height=\"840\" referrerpolicy=\"no-referrer\"><span>Sometimes people are drawn to investing because of 'gambler's excitement' Getty Images/iStockphoto</span></p><p>I have no idea whether the stock market is actually forming a bubble that's about to break.</p><p>But I do know that many bulls are fooling themselves when they think a bubble can't happen when so many of us are concerned about <a href=\"https://laohu8.com/S/AONE\">one</a>. In fact, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the distinguishing characteristics of a bubble is that such concern is widespread.</p><p>This seems counterintuitive. You would think that a bubble is most vulnerable to forming and then popping when investors are oblivious to that possibility. But you would be wrong.</p><p>It's important for all of us to be aware of this bubble psychology, but especially if you're a retiree or a near-retiree. That's because, in that case, your investment horizon will be shorter than for those who are younger, and you therefore are less able to recover from the deflation of a market bubble.</p><p>To appreciate how widespread current concern about a bubble is, consider the accompanying chart of data from Google Trends. It plots the relative frequency of Google searches based on the term \"stock market bubble.\" Notice that this frequency has recently jumped to a far-higher level than at any other point over the last five years.</p><p><img src=\"https://static.tigerbbs.com/10c79372e12449d1f3e00acd1666c914\" tg-width=\"1260\" tg-height=\"849\" referrerpolicy=\"no-referrer\"></p><p>This widespread concern is entirely consistent with a bubble's formation, according to a definition proposed several decades ago by Robert Shiller, the Yale finance professor and Nobel laureate. According to him, a bubble is \"a market situation in which news of price increases spurs investor enthusiasm which spreads by psychological contagion from person to person, bringing in a larger and larger class of investors, who, despite doubts about fundamental value, are drawn to the investment partly through envy of others' successes and partly through a gambler's excitement.\" (I italicized the above phrase, not Shiller.)</p><p>Notice that recognition of overvaluation is an integral part of the definition.</p><p>This recognition was certainly present during the weeks and months prior to the popping of the Internet bubble in March 2000. During the early and middle years of the 1990s, you may recall, it was possible to justify higher prices while keeping a straight face. But that became less and less possible as prices continued going higher in the late 1990s, and especially as some dot-com companies went public with huge valuations despite having no assets, revenue or business plan.</p><p>Rather than responding by taking some chips off the table, however, many began freely admitting that a bubble was forming. They no longer tried to justify higher prices on fundamentals, but began justifying it instead in terms of the market's momentum. Prices should keep going up as FOMO seduces more and more investors to jump on the bandwagon.</p><p>There is no shortage of current analogies, of course. Take dogecoin, which was created as a joke and has no fundamental value. As a recent Wall Street Journal article outlined , the dogecoin \"serves no purpose and, unlike Bitcoin, faces no limit on the number of coins that exist.\" Yet investors are flocking to it, for no other apparent reason than it has already gone up so much. Billy Markus, the co-creator of dogecoin, was quoted in that Wall Street Journal article saying \"This is absurd. I haven't seen anything like it. It's one of those things that once it starts going up, it might keep going up.\"</p><p>Needless to say, things don't go up forever. Those who nevertheless continue to invest in such an environment do so with the implicit assumption that they will be able to recognize it, in advance, when the bubble is about to pop--and therefore able to leave the party before everyone else. This is a dangerous delusion, however; not everyone can be the first to leave the party.</p><p>The bottom line? Far from being a reason why a bubble isn't forming, the widespread current concern about a possible bubble is actually a reason to worry that it could be. Take heed.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The psychology of a stock market bubble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe psychology of a stock market bubble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 11:28 GMT+8 <a href=https://www.marketwatch.com/story/the-psychology-of-a-stock-market-bubble-11619198164?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Worry about a bubble is widespread at the top of a bubbleSometimes people are drawn to investing because of 'gambler's excitement' Getty Images/iStockphotoI have no idea whether the stock market is ...</p>\n\n<a href=\"https://www.marketwatch.com/story/the-psychology-of-a-stock-market-bubble-11619198164?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/the-psychology-of-a-stock-market-bubble-11619198164?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129296363","content_text":"Worry about a bubble is widespread at the top of a bubbleSometimes people are drawn to investing because of 'gambler's excitement' Getty Images/iStockphotoI have no idea whether the stock market is actually forming a bubble that's about to break.But I do know that many bulls are fooling themselves when they think a bubble can't happen when so many of us are concerned about one. In fact, one of the distinguishing characteristics of a bubble is that such concern is widespread.This seems counterintuitive. You would think that a bubble is most vulnerable to forming and then popping when investors are oblivious to that possibility. But you would be wrong.It's important for all of us to be aware of this bubble psychology, but especially if you're a retiree or a near-retiree. That's because, in that case, your investment horizon will be shorter than for those who are younger, and you therefore are less able to recover from the deflation of a market bubble.To appreciate how widespread current concern about a bubble is, consider the accompanying chart of data from Google Trends. It plots the relative frequency of Google searches based on the term \"stock market bubble.\" Notice that this frequency has recently jumped to a far-higher level than at any other point over the last five years.This widespread concern is entirely consistent with a bubble's formation, according to a definition proposed several decades ago by Robert Shiller, the Yale finance professor and Nobel laureate. According to him, a bubble is \"a market situation in which news of price increases spurs investor enthusiasm which spreads by psychological contagion from person to person, bringing in a larger and larger class of investors, who, despite doubts about fundamental value, are drawn to the investment partly through envy of others' successes and partly through a gambler's excitement.\" (I italicized the above phrase, not Shiller.)Notice that recognition of overvaluation is an integral part of the definition.This recognition was certainly present during the weeks and months prior to the popping of the Internet bubble in March 2000. During the early and middle years of the 1990s, you may recall, it was possible to justify higher prices while keeping a straight face. But that became less and less possible as prices continued going higher in the late 1990s, and especially as some dot-com companies went public with huge valuations despite having no assets, revenue or business plan.Rather than responding by taking some chips off the table, however, many began freely admitting that a bubble was forming. They no longer tried to justify higher prices on fundamentals, but began justifying it instead in terms of the market's momentum. Prices should keep going up as FOMO seduces more and more investors to jump on the bandwagon.There is no shortage of current analogies, of course. Take dogecoin, which was created as a joke and has no fundamental value. As a recent Wall Street Journal article outlined , the dogecoin \"serves no purpose and, unlike Bitcoin, faces no limit on the number of coins that exist.\" Yet investors are flocking to it, for no other apparent reason than it has already gone up so much. Billy Markus, the co-creator of dogecoin, was quoted in that Wall Street Journal article saying \"This is absurd. I haven't seen anything like it. It's one of those things that once it starts going up, it might keep going up.\"Needless to say, things don't go up forever. Those who nevertheless continue to invest in such an environment do so with the implicit assumption that they will be able to recognize it, in advance, when the bubble is about to pop--and therefore able to leave the party before everyone else. This is a dangerous delusion, however; not everyone can be the first to leave the party.The bottom line? Far from being a reason why a bubble isn't forming, the widespread current concern about a possible bubble is actually a reason to worry that it could be. Take heed.","news_type":1},"isVote":1,"tweetType":1,"viewCount":21,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
