Legendation personal page - To The Moon

Legendation

Legendation

Buy Low,Sell High

13Follow

5Followers

0Topic

0Badge

2021-03-03

$UWM Holdings Corporation(UWMC)$ LETS GO!!!!!! SICK GREEN CANDLE

2021-03-03

$Aemetis(AMTX)$ lets gooooo!

2021-02-24

$UWM Holdings Corporation(UWMC)$ LETS GOOO UWMC LETS GOOOO!!!

2021-02-15

$MoSys(MOSY)$ still holding. Diamond hands baby

2021-02-10

Good read on current market sentiments

Sorry, the original content has been removed

2021-02-09

Value stocks to watch

5 Value Stocks To Watch In The Consumer Cyclical Sector

2021-02-08

good read

Sorry, the original content has been removed

2021-02-04

Great ariticle, would you like to share it?

Why investors were willing to write Robinhood a $3 billion check during the GameStop chaos

2021-02-03

Good read

As GameStop showed, anyone can manipulate the market. Here's how to fix that

2021-02-02

$MoSys(MOSY)$ good potential long hold. Low float with solid FA to back in coming 2021. Can consider buying some for long hold. Insiders have bought up quite a fair bit, it shows signs of confidence in their company for this year.

2021-01-26

Great ariticle, would you like to share it?

Sorry, the original content has been removed

2021-01-22

Hello.

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":"3572392631946791","uuid":"3572392631946791","gmtCreate":1609861906514,"gmtModify":1611282117653,"name":"Legendation","pinyin":"legendation","introduction":"","introductionEn":"","signature":"Buy Low,Sell High","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":5,"headSize":13,"tweetSize":13,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":2,"name":"无畏虎","nameTw":"無畏虎","represent":"初生牛犊","factor":"发布3条非转发主帖,1条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.04","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"60.29%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.70%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":2,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":365817594,"gmtCreate":1614726792318,"gmtModify":1704774437975,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/UWMC\">$UWM Holdings Corporation(UWMC)$</a>&nbsp;LETS GO!!!!!! SICK GREEN CANDLE","listText":"<a href=\"https://laohu8.com/S/UWMC\">$UWM Holdings Corporation(UWMC)$</a>&nbsp;LETS GO!!!!!! SICK GREEN CANDLE","text":"$UWM Holdings Corporation(UWMC)$ LETS GO!!!!!! SICK GREEN CANDLE","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365817594","isVote":1,"tweetType":1,"viewCount":397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365136744,"gmtCreate":1614700997188,"gmtModify":1704774294233,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMTX\">$Aemetis(AMTX)$</a>&nbsp;lets gooooo!&nbsp;","listText":"<a href=\"https://laohu8.com/S/AMTX\">$Aemetis(AMTX)$</a>&nbsp;lets gooooo!&nbsp;","text":"$Aemetis(AMTX)$ lets gooooo!","images":[{"img":"https://static.tigerbbs.com/be5155c1959f2020af5b97cb3b1ec4cc","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365136744","isVote":1,"tweetType":1,"viewCount":546,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":363532028,"gmtCreate":1614151375464,"gmtModify":1704888772647,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/UWMC\">$UWM Holdings Corporation(UWMC)$</a> LETS GOOO UWMC LETS GOOOO!!!","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/UWMC\">$UWM Holdings Corporation(UWMC)$</a> LETS GOOO UWMC LETS GOOOO!!!","text":"$UWM Holdings Corporation(UWMC)$ LETS GOOO UWMC LETS GOOOO!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/363532028","isVote":1,"tweetType":1,"viewCount":448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382045800,"gmtCreate":1613318593200,"gmtModify":1704879887283,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MOSY\">$MoSys(MOSY)$</a>&nbsp;still holding. Diamond hands baby&nbsp;","listText":"<a href=\"https://laohu8.com/S/MOSY\">$MoSys(MOSY)$</a>&nbsp;still holding. Diamond hands baby&nbsp;","text":"$MoSys(MOSY)$ still holding. Diamond hands baby","images":[{"img":"https://static.tigerbbs.com/59104caa1a92d11fad50f49b618c0870","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/382045800","isVote":1,"tweetType":1,"viewCount":1046,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":381317263,"gmtCreate":1612930951752,"gmtModify":1704876161566,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"Good read on current market sentiments&nbsp;","listText":"Good read on current market sentiments&nbsp;","text":"Good read on current market sentiments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381317263","repostId":"1169253231","repostType":4,"isVote":1,"tweetType":1,"viewCount":602,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":383941792,"gmtCreate":1612833174516,"gmtModify":1704874748212,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"Value stocks to watch","listText":"Value stocks to watch","text":"Value stocks to watch","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383941792","repostId":"2108073667","repostType":2,"repost":{"id":"2108073667","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1612281958,"share":"https://ttm.financial/m/news/2108073667?lang=&edition=fundamental","pubTime":"2021-02-03 00:05","market":"hk","language":"en","title":"5 Value Stocks To Watch In The Consumer Cyclical Sector","url":"https://stock-news.laohu8.com/highlight/detail?id=2108073667","media":"Benzinga","summary":"What Defines a Value Stock?\n\nA value stock is traditionally defined in terms of how investors in the marketplace are valuing that company&#39;s future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.","content":"<html><body><h3>What Defines a Value Stock?</h3>\n<p>A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.</p>\n<h2>Benzinga Insights has compiled a list of value stocks in the consumer cyclical sector that may be worth watching:</h2>\n<ol>\n<li><strong>TravelCenters Of America</strong> (NASDAQ:TA) - P/E: 5.89</li>\n<li><strong>Acorn Intl</strong> (NYSE:ATV) - P/E: 5.15</li>\n<li><strong>BBQ Hldgs</strong> (NASDAQ:BBQ) - P/E: 9.15</li>\n<li><strong><a href=\"https://laohu8.com/S/XSPA\">XpresSpa Group</a></strong> (NASDAQ:XSPA) - P/E: 0.61</li>\n<li><strong>Dover Motorsports</strong> (NYSE:DVD) - P/E: 9.86</li>\n</ol>\n<p>Most recently, TravelCenters Of America reported earnings per share at 0.65, whereas in Q2 earnings per share sat at 0.59. TravelCenters Of America does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.</p>\n<p>This quarter, Acorn Intl experienced a decrease in earnings per share, which was 1.07 in Q1 and is now -0.19. Its most recent dividend yield is at 5.82%, which has increased by 5.53% from 0.29% in the previous quarter.</p>\n<p>Most recently, BBQ Hldgs reported earnings per share at 0.05, whereas in Q2 earnings per share sat at -0.21. BBQ Hldgs does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.</p>\n<p>Most recently, XpresSpa Group reported earnings per share at -0.1, whereas in Q2 earnings per share sat at -1.4. XpresSpa Group does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.</p>\n<p>Dover Motorsports's earnings per share for Q4 sits at -0.05, whereas in Q3, they were at 0.36. Its most recent dividend yield is at 4.79%, which has decreased by 0.47% from 5.26% in the previous quarter.</p>\n<p><strong>The Significance:</strong> A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.</p>\n</body></html>","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>5 Value Stocks To Watch In The Consumer Cyclical Sector</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\">\n5 Value Stocks To Watch In The Consumer Cyclical Sector\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-02-03 00:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><h3>What Defines a Value Stock?</h3>\n<p>A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.</p>\n<h2>Benzinga Insights has compiled a list of value stocks in the consumer cyclical sector that may be worth watching:</h2>\n<ol>\n<li><strong>TravelCenters Of America</strong> (NASDAQ:TA) - P/E: 5.89</li>\n<li><strong>Acorn Intl</strong> (NYSE:ATV) - P/E: 5.15</li>\n<li><strong>BBQ Hldgs</strong> (NASDAQ:BBQ) - P/E: 9.15</li>\n<li><strong><a href=\"https://laohu8.com/S/XSPA\">XpresSpa Group</a></strong> (NASDAQ:XSPA) - P/E: 0.61</li>\n<li><strong>Dover Motorsports</strong> (NYSE:DVD) - P/E: 9.86</li>\n</ol>\n<p>Most recently, TravelCenters Of America reported earnings per share at 0.65, whereas in Q2 earnings per share sat at 0.59. TravelCenters Of America does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.</p>\n<p>This quarter, Acorn Intl experienced a decrease in earnings per share, which was 1.07 in Q1 and is now -0.19. Its most recent dividend yield is at 5.82%, which has increased by 5.53% from 0.29% in the previous quarter.</p>\n<p>Most recently, BBQ Hldgs reported earnings per share at 0.05, whereas in Q2 earnings per share sat at -0.21. BBQ Hldgs does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.</p>\n<p>Most recently, XpresSpa Group reported earnings per share at -0.1, whereas in Q2 earnings per share sat at -1.4. XpresSpa Group does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.</p>\n<p>Dover Motorsports's earnings per share for Q4 sits at -0.05, whereas in Q3, they were at 0.36. Its most recent dividend yield is at 4.79%, which has decreased by 0.47% from 5.26% in the previous quarter.</p>\n<p><strong>The Significance:</strong> A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.</p>\n</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBQ":"BBQ Holdings, Inc.","ATV":"橡果国际","DVD":"多佛赛车"},"source_url":"https://www.benzinga.com/node/19443304","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2108073667","content_text":"What Defines a Value Stock?\nA value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.\nBenzinga Insights has compiled a list of value stocks in the consumer cyclical sector that may be worth watching:\n\nTravelCenters Of America (NASDAQ:TA) - P/E: 5.89\nAcorn Intl (NYSE:ATV) - P/E: 5.15\nBBQ Hldgs (NASDAQ:BBQ) - P/E: 9.15\nXpresSpa Group (NASDAQ:XSPA) - P/E: 0.61\nDover Motorsports (NYSE:DVD) - P/E: 9.86\n\nMost recently, TravelCenters Of America reported earnings per share at 0.65, whereas in Q2 earnings per share sat at 0.59. TravelCenters Of America does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.\nThis quarter, Acorn Intl experienced a decrease in earnings per share, which was 1.07 in Q1 and is now -0.19. Its most recent dividend yield is at 5.82%, which has increased by 5.53% from 0.29% in the previous quarter.\nMost recently, BBQ Hldgs reported earnings per share at 0.05, whereas in Q2 earnings per share sat at -0.21. BBQ Hldgs does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.\nMost recently, XpresSpa Group reported earnings per share at -0.1, whereas in Q2 earnings per share sat at -1.4. XpresSpa Group does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.\nDover Motorsports's earnings per share for Q4 sits at -0.05, whereas in Q3, they were at 0.36. Its most recent dividend yield is at 4.79%, which has decreased by 0.47% from 5.26% in the previous quarter.\nThe Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.","news_type":1},"isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389400574,"gmtCreate":1612792735598,"gmtModify":1704874256950,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"good read","listText":"good read","text":"good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/389400574","repostId":"1105339151","repostType":4,"isVote":1,"tweetType":1,"viewCount":288,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317335026,"gmtCreate":1612415993065,"gmtModify":1704870852290,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317335026","repostId":"1198219554","repostType":4,"repost":{"id":"1198219554","pubTimestamp":1612405479,"share":"https://ttm.financial/m/news/1198219554?lang=&edition=fundamental","pubTime":"2021-02-04 10:24","market":"us","language":"en","title":"Why investors were willing to write Robinhood a $3 billion check during the GameStop chaos","url":"https://stock-news.laohu8.com/highlight/detail?id=1198219554","media":"cnbc","summary":"KEY POINTS\n\nVenture capital investors doubled down on investments in Robinhood even as the company s","content":"<div>\n<p>KEY POINTS\n\nVenture capital investors doubled down on investments in Robinhood even as the company scrambled to raise billions of dollars to meet new capital requirements, and faced pressure from ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/03/why-investors-were-willing-to-write-robinhood-a-3-billion-check-during-the-gamestop-chaos-.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>Why investors were willing to write Robinhood a $3 billion check during the GameStop chaos</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\">\nWhy investors were willing to write Robinhood a $3 billion check during the GameStop chaos\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-04 10:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/03/why-investors-were-willing-to-write-robinhood-a-3-billion-check-during-the-gamestop-chaos-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nVenture capital investors doubled down on investments in Robinhood even as the company scrambled to raise billions of dollars to meet new capital requirements, and faced pressure from ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/03/why-investors-were-willing-to-write-robinhood-a-3-billion-check-during-the-gamestop-chaos-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.cnbc.com/2021/02/03/why-investors-were-willing-to-write-robinhood-a-3-billion-check-during-the-gamestop-chaos-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1198219554","content_text":"KEY POINTS\n\nVenture capital investors doubled down on investments in Robinhood even as the company scrambled to raise billions of dollars to meet new capital requirements, and faced pressure from customers and lawmakers.\nUser growth during the chaos and its prospects as a public company convinced at least three VC investors that backing Robinhood was the right move.\n\"In spite of the trouble last week, the metrics suggest retail trading is exploding and Robinhood is still the only game in town,\" one investor tells CNBC.\n\nRobinhood's ability to add hundreds of thousands of new customers during a week of chaos, along with its IPO prospects, convinced Silicon Valley backers that a multi-billion-dollar cash infusion was worth it.\nCNBC spoke to three of Robinhood's investors, who agreed to speak about the emergency funding without being named, because the conversations were private. All of them said there was \"strong demand\" for investors to get a piece of Robinhood, even as the company stared down a public relations and regulatory crisis.\nThe trouble started last week, as Robinhoodrestrictedtrading for a list of stocks includingGameStop. Amateur investors had bid up those names on social media, causing massive losses for hedge funds that shorted them.\nRobinhood wasnot the onlybrokerage firm to do this. Still, its decision was met with a big backlash from traders and even celebrities on Twitter and Reddit. Some accused the company of colluding with hedge funds to shut down the buy-side of the trade. Lawmakersfrom both major partiesalso lobbed accusations of market manipulation at Robinhood. (Robinhood CEO’s Vlad Tenev said itdid not make the move because of any outside pressure.)\nBut the biggest near-term crisis, was having enough capital to meet regulatory requirements.\nBrokerage firms like Robinhood need to send cash every day to the Depository Trust Company to make sure there’s enough collateral backing up customer trades in the two days it takes them to settle. That formula is based on volatility among other factors, which picked up last week as stocks like GameStop shot up 400%, and rookie traders were deploying leverage.\nThe $3 billion bill\nThe amount Robinhood was expected to post for names like GameStop and AMC increased tenfold, the company said in a blogpost. Robinhood’s operations team woke up to a request at 3:30 a.m. PT on Thursday from the National Securities Clearing Corp, the third party where it reports the collateral, CEO Tenevtold Elon Muskin a conversation on the audio chat app, Clubhouse. The total amount Robinhood needed to post came in at $3 billion, according to Tenev.\nAt the time, Robinhood did not have the capital.\nThe first step was to call up venture capital investors. They were able to round up $1 billion in convertible debt, sources said. That debt will convert to equity when Robinhood goes public, and those investors will get a 30% discount to the market price.\n“In spite of the trouble last week, the metrics suggest retail trading is exploding and Robinhood is still the only game in town,” one investor told CNBC. “This is going to be a big company and if you believe they’re going to IPO, you can get in right now at a discount.”\nThat first tranche was oversubscribed on Thursday, and investors said that Robinhood turned investors away — at first.\nThey decided to open up a second round with the same debt structure that amounted to $2.4 billion. In total, Robinhood brought in $3.4 billion over a few days in capital to meet its regulatory requirements. Because it was debt, not equity, Robinhood’s $11.7 billion valuation on paper did not change. The start-up also tapped a $600 million line of credit from JP Morgan and Goldman Sachs.\nInvestors said that should be “more than enough,” for now. Robinhood is also profitable on a GAAP basis, one investor said. The cushion should be big enough that Robinhood’s balance sheet can handle the shock of similar capital issues cropping up again, the investors said.\nAs of Wednesday midday however, Robinhood was stilllimiting some trading in GameStop and AMC.\nA flood of cash would also put Robinhood in a stronger position ahead of an IPO, which investors expect to happen within the next year but would not give specifics. A direct listing and special purpose acquisition company, or SPAC, are still on the table, but the company “hasn’t decided yet,” one investor told CNBC.\nRobinhood declined to comment on the deal structure and IPO plans.\nShocking user growth\nRobinhood saw fierce criticism from investors like Chamath Palihapitiya -- who is taking another investing platform, Sofi, public through a SPAC -- and rapper Ja Rule, tweeting #deleteRobinhood. Hundreds of users on social media threatened to leave Robinhood for other brokerage firms, and the company is facing multiple class action lawsuits from angry users.\nOne venture capital investor who saw the internal growth metrics last week said the flood of new investors “far outweighed” any attrition. Robinhood was the top app in the iOS app store for multiple days. It also led the industry in app downloads by a wide margin with 600,000 people downloading the free-trading app, according to JMP Securitiesanalysis.\nThat metric was the silver lining investors focused on when weighing whether to throw billions of dollars at the company.\n“It’s the fastest growing consumer app, and has better engagement than social media,” one investor said. “The majority of those new traders won’t be trading GameStop.”\nGrowing too fast has also been a criticism of Robinhood. Palihapitiya and others have suggested that Robinhood stop bringing in new investors until the start-up can shore up last week’s issues. Despite those warnings, Robinhood is spending on marketing for brand awareness. The start-upannouncedits largest brand campaign ever on Wednesday, with a commercial airing during the Super Bowl.\nWishing for a ‘mulligan’\nDespite the tumultuous week, at least three investors were aligned on wanting Tenev to continue leading the start-up through its public debut.\n“Vlad as a leader is fantastic— this week has been tough on the whole team,” one investor told CNBC.\nRobinhood’s chief financial officer, Jason Warnick, said there was also support for the CEO internally. He told CNBC that Tenev “mobilized” the team in an “incredibly effective way” through recent weeks and there was “absolutely no one else I would want to be with.”\nStill, they said the start-up made mistakes. Among those were the messaging from Robinhood in the hours after shutting down customer trades. One said he wished Robinhood could have a “mulligan” and said they should have clearly explained the liquidity issue, while tackling the hedge fund theories out of the gate.\nOn Thursday, Robinhood’s CEO told CNBC that “there was no liquidity problem, and to be clear this was done preemptively so we did this proactively and thousands of other securities remain tradeable on the platform.”\nTenev, who co-founded Robinhood, is facing immense pressure on Capitol Hill. Senator Elizabeth Warren sent the start-up a letterasking for an explanation of why Robinhood shut down trades. He is expected to testify at a House Financial Services Committee hearing later in February. On Wednesday, one of Robinhood’s regulators, FINRA, issued a report saying that it’s increasing oversight of “game-like” trading apps. Regulation is a risk but it’s “impossible to price in,” one investor said.\nRobinhood, and the rest of the online brokerage industry, rely on what’s known aspayment for order flowas their profit engine in lieu of commissions. Market makers pay e-brokers like Robinhood for the right to execute customer trades. The broker is then paid a small fee for the shares that are routed, which can add up to millions when customers trade as actively as they have this year. That practice may come under fire after the events of last week.\n“Robinhood’s value is not the revenue model, it’s the user engagement,” one investor said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314269255,"gmtCreate":1612355269477,"gmtModify":1704870093242,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"Good read&nbsp;","listText":"Good read&nbsp;","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/314269255","repostId":"1172180017","repostType":4,"repost":{"id":"1172180017","pubTimestamp":1612338041,"share":"https://ttm.financial/m/news/1172180017?lang=&edition=fundamental","pubTime":"2021-02-03 15:40","market":"us","language":"en","title":"As GameStop showed, anyone can manipulate the market. Here's how to fix that","url":"https://stock-news.laohu8.com/highlight/detail?id=1172180017","media":"straitstimes","summary":"NEW YORK (NYTIMES) - There will be academic case studies on the mania around GameStop's stock. There","content":"<p>NEW YORK (NYTIMES) - There will be academic case studies on the mania around GameStop's stock. There will be philosophical debates about whether this was a genuine protest against hedge funds and inequality or a pump-and-dump scheme masquerading as a moral crusade. Eventually, we will learn whether this was a transformational moment powered by social media that will shift the investing landscape forever, or a short-term blip that soon fades away.</p>\n<p>What is&nbsp;less up for debate is this: The public has a deep distrust of the stock market and everything it represents. That lesson has been laid bare by the anger coursing through the Reddit posts and Twitter threads of GameStop traders and the throngs cheering them on.</p>\n<p>What the Reddit investors did,more than anything else, was demonstrate in the starkest terms that they could manipulate the market in the way that so much of the public believes hedge funds and wealthy investors do every day. In doing so, they exposed the fallacy that the stock market was ever a level playing field.</p>\n<p>So now what? If any good can come from this beyond the feel-good story of some retail traders profiting at the expense of hedge funds - which may reverse before this story is over - it requires a real conversation about how to make a more fair market that nobody can manipulate, that provides the same opportunities for everyone to create wealth.</p>\n<p>Here are policy ideas to help level the playing field:</p>\n<p><b>• A transaction tax for high-frequency traders</b></p>\n<p>One of the arguments repeatedly made by critics of Wall Street is that high-frequency traders - who are buying and selling in milliseconds - have made a mockery of the idea of actual investing. These traders are often taking advantage of price discrepancies using algorithms in a way that no retail investor has any opportunity to do, creating great wealth at firms like Citadel and Virtu Financial. A transaction tax of even 0.1 per cent on the value of trades&nbsp;would not only raise nearly $80 billion a year, but also meaningfully reduce high-frequency trading by making it less profitable. Bills have been proposed in Congress repeatedly for such a tax and struck down.</p>\n<p>The cons: Proponents of high-frequency trading say that it creates more competition and therefore makes the market more efficient for all participants, including retail investors.</p>\n<p><b>• Disclosure of short positions</b></p>\n<p>Big hedge funds have to disclose their \"long\" positions when they cross the threshold of owning 5 per cent or more of a company's shares. No such disclosure is required for short positions. At all. Shouldn't there be? If we as a society believe transparency is important to understand who is buying up shares, it would seem logical that we also want to know who is betting against them. Some people believe that short selling itself should banned, but others believe it performs an important policing function by incentivising shareholders to scrutinise companies for fraud, chicanery or simple mismanagement.</p>\n<p>The cons: If short-sellers were forced to disclose their bets, they could find it difficult to build meaningful positions. Shorting a stock can take time, and building the position could make them targets of investors who might put them in a short squeeze, similar to what was play out over the past week.</p>\n<p><b>• End private meetings between companies and big investors</b></p>\n<p>Passing important information that is not publicly disclosed to all investors is illegal. But big investors travel across the country constantly to visit chief executives and privately grill them about their businesses. The retail investor cannot get in these meetings. While most executives are careful not to pass news of impending earnings or a merger, it is hard to believe that big investors would spend the time and money to get these meetings if they did not believe that doing so provided them with an edge that they could&nbsp;not get otherwise.</p>\n<p>The cons: Companies often say they want to hear from their biggest investors and get feedback on their performance. Some big investors also say that given the amount of money at stake - especially when making a long-term investment commitment - they want to know the management team personally.</p>\n<p><b>• Access to private investments for anyone with smarts, not wealth</b></p>\n<p>The United States&nbsp;Securities and Exchange Commission (SEC) says that only \"accredited investors\" can put money in private investment vehicles like venture capital and private equity funds, which often generate some of the biggest returns. Historically, being an accredited investor was measured by wealth. The SEC recently changed the rule to allow people with deep financial experience to invest even if they don't meet the wealth thresholds. What about a test for anyone who wants to become an accredited investor, like a driver's licence for investing? This would create a fairer system and ensure anybody putting money in the most risky vehicles has the required financial literacy to fully understand the risks.</p>\n<p>The cons: Even the most sophisticated investors lose sometimes, but someone with a lot of wealth has a cushion. Someone with less to lose may be forced to rely on the social safety net when an investment goes wrong. And a financial literacy test for everyone might mean some of the wealthiest investors won't take - or pass - the exam, preventing money from being invested in risky but important early-stage companies.</p>\n<p><b>• End payment for order flow</b></p>\n<p>When Robinhood, the brokerage app, was introduced, its biggest innovation was eliminating trading commissions. The move was a huge hit, and the company grew so quickly that other brokerage firms eliminated their fees&nbsp;too. So how does it make money? Robinhood's unique insight was that it could charge market makers to execute trades for it. Market makers, in turn, extract a profit for fulfilling each trade and insights from the flood of data. In the case of Robinhood, Citadel Securities executes a majority of its trades and represents its biggest source of revenue. That has created questions about conflicts of interest and instilled a sense of distrust in the system. Ending the practice could give retail investors more confidence that the prices of their trades reflect prevailing conditions on exchanges and not private arrangements between brokers and other parties.</p>\n<p>The cons: This is a big one - trades would not be free. If you believe that no-commission trading has helped democratise the market and made it more accessible for retail investors, then eliminating it would make the playing field less equal.</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>As GameStop showed, anyone can manipulate the market. Here's how to fix that</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\">\nAs GameStop showed, anyone can manipulate the market. Here's how to fix that\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-03 15:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.straitstimes.com/business/companies-markets/as-gamestop-showed-anyone-can-manipulate-the-market-heres-how-to-fix-that><strong>straitstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (NYTIMES) - There will be academic case studies on the mania around GameStop's stock. There will be philosophical debates about whether this was a genuine protest against hedge funds and ...</p>\n\n<a href=\"https://www.straitstimes.com/business/companies-markets/as-gamestop-showed-anyone-can-manipulate-the-market-heres-how-to-fix-that\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3780c78c8bb55dbf0b4bcd80ffe89707","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.straitstimes.com/business/companies-markets/as-gamestop-showed-anyone-can-manipulate-the-market-heres-how-to-fix-that","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172180017","content_text":"NEW YORK (NYTIMES) - There will be academic case studies on the mania around GameStop's stock. There will be philosophical debates about whether this was a genuine protest against hedge funds and inequality or a pump-and-dump scheme masquerading as a moral crusade. Eventually, we will learn whether this was a transformational moment powered by social media that will shift the investing landscape forever, or a short-term blip that soon fades away.\nWhat is less up for debate is this: The public has a deep distrust of the stock market and everything it represents. That lesson has been laid bare by the anger coursing through the Reddit posts and Twitter threads of GameStop traders and the throngs cheering them on.\nWhat the Reddit investors did,more than anything else, was demonstrate in the starkest terms that they could manipulate the market in the way that so much of the public believes hedge funds and wealthy investors do every day. In doing so, they exposed the fallacy that the stock market was ever a level playing field.\nSo now what? If any good can come from this beyond the feel-good story of some retail traders profiting at the expense of hedge funds - which may reverse before this story is over - it requires a real conversation about how to make a more fair market that nobody can manipulate, that provides the same opportunities for everyone to create wealth.\nHere are policy ideas to help level the playing field:\n• A transaction tax for high-frequency traders\nOne of the arguments repeatedly made by critics of Wall Street is that high-frequency traders - who are buying and selling in milliseconds - have made a mockery of the idea of actual investing. These traders are often taking advantage of price discrepancies using algorithms in a way that no retail investor has any opportunity to do, creating great wealth at firms like Citadel and Virtu Financial. A transaction tax of even 0.1 per cent on the value of trades would not only raise nearly $80 billion a year, but also meaningfully reduce high-frequency trading by making it less profitable. Bills have been proposed in Congress repeatedly for such a tax and struck down.\nThe cons: Proponents of high-frequency trading say that it creates more competition and therefore makes the market more efficient for all participants, including retail investors.\n• Disclosure of short positions\nBig hedge funds have to disclose their \"long\" positions when they cross the threshold of owning 5 per cent or more of a company's shares. No such disclosure is required for short positions. At all. Shouldn't there be? If we as a society believe transparency is important to understand who is buying up shares, it would seem logical that we also want to know who is betting against them. Some people believe that short selling itself should banned, but others believe it performs an important policing function by incentivising shareholders to scrutinise companies for fraud, chicanery or simple mismanagement.\nThe cons: If short-sellers were forced to disclose their bets, they could find it difficult to build meaningful positions. Shorting a stock can take time, and building the position could make them targets of investors who might put them in a short squeeze, similar to what was play out over the past week.\n• End private meetings between companies and big investors\nPassing important information that is not publicly disclosed to all investors is illegal. But big investors travel across the country constantly to visit chief executives and privately grill them about their businesses. The retail investor cannot get in these meetings. While most executives are careful not to pass news of impending earnings or a merger, it is hard to believe that big investors would spend the time and money to get these meetings if they did not believe that doing so provided them with an edge that they could not get otherwise.\nThe cons: Companies often say they want to hear from their biggest investors and get feedback on their performance. Some big investors also say that given the amount of money at stake - especially when making a long-term investment commitment - they want to know the management team personally.\n• Access to private investments for anyone with smarts, not wealth\nThe United States Securities and Exchange Commission (SEC) says that only \"accredited investors\" can put money in private investment vehicles like venture capital and private equity funds, which often generate some of the biggest returns. Historically, being an accredited investor was measured by wealth. The SEC recently changed the rule to allow people with deep financial experience to invest even if they don't meet the wealth thresholds. What about a test for anyone who wants to become an accredited investor, like a driver's licence for investing? This would create a fairer system and ensure anybody putting money in the most risky vehicles has the required financial literacy to fully understand the risks.\nThe cons: Even the most sophisticated investors lose sometimes, but someone with a lot of wealth has a cushion. Someone with less to lose may be forced to rely on the social safety net when an investment goes wrong. And a financial literacy test for everyone might mean some of the wealthiest investors won't take - or pass - the exam, preventing money from being invested in risky but important early-stage companies.\n• End payment for order flow\nWhen Robinhood, the brokerage app, was introduced, its biggest innovation was eliminating trading commissions. The move was a huge hit, and the company grew so quickly that other brokerage firms eliminated their fees too. So how does it make money? Robinhood's unique insight was that it could charge market makers to execute trades for it. Market makers, in turn, extract a profit for fulfilling each trade and insights from the flood of data. In the case of Robinhood, Citadel Securities executes a majority of its trades and represents its biggest source of revenue. That has created questions about conflicts of interest and instilled a sense of distrust in the system. Ending the practice could give retail investors more confidence that the prices of their trades reflect prevailing conditions on exchanges and not private arrangements between brokers and other parties.\nThe cons: This is a big one - trades would not be free. If you believe that no-commission trading has helped democratise the market and made it more accessible for retail investors, then eliminating it would make the playing field less equal.","news_type":1},"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":315612667,"gmtCreate":1612242067259,"gmtModify":1704868620711,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MOSY\">$MoSys(MOSY)$</a>&nbsp;good potential long hold. Low float with solid FA to back in coming 2021. Can consider buying some for long hold. Insiders have bought up quite a fair bit, it shows signs of confidence in their company for this year.&nbsp;","listText":"<a href=\"https://laohu8.com/S/MOSY\">$MoSys(MOSY)$</a>&nbsp;good potential long hold. Low float with solid FA to back in coming 2021. Can consider buying some for long hold. Insiders have bought up quite a fair bit, it shows signs of confidence in their company for this year.&nbsp;","text":"$MoSys(MOSY)$ good potential long hold. Low float with solid FA to back in coming 2021. Can consider buying some for long hold. Insiders have bought up quite a fair bit, it shows signs of confidence in their company for this year.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/315612667","isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":319421718,"gmtCreate":1611599390334,"gmtModify":1704861332259,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/319421718","repostId":"319139998","repostType":1,"isVote":1,"tweetType":1,"viewCount":35,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":310195281,"gmtCreate":1611280153543,"gmtModify":1704859265043,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"Hello.&nbsp;","listText":"Hello.&nbsp;","text":"Hello.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":1,"link":"https://ttm.financial/post/310195281","isVote":1,"tweetType":1,"viewCount":453,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":310195281,"gmtCreate":1611280153543,"gmtModify":1704859265043,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"Hello.&nbsp;","listText":"Hello.&nbsp;","text":"Hello.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":1,"link":"https://ttm.financial/post/310195281","isVote":1,"tweetType":1,"viewCount":453,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":315612667,"gmtCreate":1612242067259,"gmtModify":1704868620711,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MOSY\">$MoSys(MOSY)$</a>&nbsp;good potential long hold. Low float with solid FA to back in coming 2021. Can consider buying some for long hold. Insiders have bought up quite a fair bit, it shows signs of confidence in their company for this year.&nbsp;","listText":"<a href=\"https://laohu8.com/S/MOSY\">$MoSys(MOSY)$</a>&nbsp;good potential long hold. Low float with solid FA to back in coming 2021. Can consider buying some for long hold. Insiders have bought up quite a fair bit, it shows signs of confidence in their company for this year.&nbsp;","text":"$MoSys(MOSY)$ good potential long hold. Low float with solid FA to back in coming 2021. Can consider buying some for long hold. Insiders have bought up quite a fair bit, it shows signs of confidence in their company for this year.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/315612667","isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363532028,"gmtCreate":1614151375464,"gmtModify":1704888772647,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/UWMC\">$UWM Holdings Corporation(UWMC)$</a> LETS GOOO UWMC LETS GOOOO!!!","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/UWMC\">$UWM Holdings Corporation(UWMC)$</a> LETS GOOO UWMC LETS GOOOO!!!","text":"$UWM Holdings Corporation(UWMC)$ LETS GOOO UWMC LETS GOOOO!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/363532028","isVote":1,"tweetType":1,"viewCount":448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365817594,"gmtCreate":1614726792318,"gmtModify":1704774437975,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/UWMC\">$UWM Holdings Corporation(UWMC)$</a>&nbsp;LETS GO!!!!!! SICK GREEN CANDLE","listText":"<a href=\"https://laohu8.com/S/UWMC\">$UWM Holdings Corporation(UWMC)$</a>&nbsp;LETS GO!!!!!! SICK GREEN CANDLE","text":"$UWM Holdings Corporation(UWMC)$ LETS GO!!!!!! SICK GREEN CANDLE","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365817594","isVote":1,"tweetType":1,"viewCount":397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382045800,"gmtCreate":1613318593200,"gmtModify":1704879887283,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MOSY\">$MoSys(MOSY)$</a>&nbsp;still holding. Diamond hands baby&nbsp;","listText":"<a href=\"https://laohu8.com/S/MOSY\">$MoSys(MOSY)$</a>&nbsp;still holding. Diamond hands baby&nbsp;","text":"$MoSys(MOSY)$ still holding. Diamond hands baby","images":[{"img":"https://static.tigerbbs.com/59104caa1a92d11fad50f49b618c0870","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/382045800","isVote":1,"tweetType":1,"viewCount":1046,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":389400574,"gmtCreate":1612792735598,"gmtModify":1704874256950,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"good read","listText":"good read","text":"good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/389400574","repostId":"1105339151","repostType":4,"repost":{"id":"1105339151","pubTimestamp":1612778898,"share":"https://ttm.financial/m/news/1105339151?lang=&edition=fundamental","pubTime":"2021-02-08 18:08","market":"us","language":"en","title":"Individual investors are back — here’s what it means for the stock market","url":"https://stock-news.laohu8.com/highlight/detail?id=1105339151","media":"MarketWatch","summary":"There’s more to the retail revival than GameStop\nLook who’s back.\nAfter a long absence, active indiv","content":"<p>There’s more to the retail revival than GameStop</p>\n<p>Look who’s back.</p>\n<p>After a long absence, active individual investors have returned. While breakneck and foolhardy trading activity in shares of GameStop Corp.GME,+19.20%has dominated the headlines, unanswered questions remain as to whether a broader resurgence in retail trading will last and what it will mean for the stock market as U.S. benchmark indexes march to all-time highs.</p>\n<p><b>The comeback</b></p>\n<p>It’s been a long time coming.</p>\n<p>The stock market put in a historic rally over the past decade “without any prominent retail interest in it,” said Chris Konstantinos, chief investment strategist at RiverFront Investment Group, in an interview.</p>\n<p>He noted that total bond fund flows have outpaced stock flows by nearly $3 trillion since 2007. In fact, individual investors appeared interested in almost anything else, from real estate to cryptocurrencies, Konstantinos said.</p>\n<p>A shift got under way last year as the coronavirus pandemic took hold. Sequential growth in accounts at brokers such as Charles Schwab Corp.SCHW,+0.98%that cater to individual investors “was remarkable” at the end of the second quarter of 2020 and was followed by a major surge in growth in the following quarter, said Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets, in a Feb. 2 note.</p>\n<p>At the same time Google searches for “day trading” were also on the rise, she noted (see charts below).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abaf0f0e954b8c180c43870b72f55252\" tg-width=\"1260\" tg-height=\"655\"><span>RBC CAPITAL MARKETS</span></p>\n<p>Calvasina and others acknowledged that a combination of lockdown-related boredom and stimulus checks from the U.S. government likely played a role in the uptick in individual investing interest.</p>\n<p>The jury is out on whether that enthusiasm will endure, said Ed Clissold, chief U.S. strategist at Ned Davis Research Group, in an interview. It’s unclear how much of the pickup in retail trading merely reflects individuals throwing extra money via stimulus checks at the market, he said.</p>\n<p>That sort of trading feels more like gambling than investing, he said, noting that “frothy” market action tends to fade quickly away.</p>\n<p>No doubt, day traders who jumped on the GameStop rally in a big way and listened to pleas on Reddit’s WallStreetBets forum to hold the line were left to suffer ugly losses. Some market watchers fear that the bubble-like activity in so-called meme stocks could end up scaring away individual investors, nipping any resurgence in the bud.</p>\n<p>But others argued that many individual investors, whose ranks aren’t made up soley of rapid-fire day traders, were likely to stick around.</p>\n<p><b>‘Structural change’</b></p>\n<p>Calvasina said RBC suspects a “structural change may be afoot and that retail investors are likely to remain bigger players in the U.S. equity market going forward.”</p>\n<p>If so, that will require an attitude adjustment by Wall Street pros, who got used to paying little attention to individual investors.</p>\n<p>After all, powerful waves of passive and systematic investment had rendered individual investors largely irrelevant to analysts cooking up market forecasts, wrote strategists at Société Générale, in a Thursday note.</p>\n<p>But the market volatility created by the GameStop situation served as a wake-up call, the analysts said.</p>\n<p>While GameStop and other heavily shorted names soared, hedge funds and other investors were seen liquidating long positions elsewhere, to take profits and cover losses, putting pressure on equities markets. Major benchmarks ended January on a sour note, with the Dow Jones Industrial AverageDJIA,+0.30%,S&amp;P 500SPX,+0.39%and Nasdaq CompositeCOMP,+0.57%logging their largest weekly declines since October.</p>\n<p>U.S. stocks roared back in the past week, however, with the S&amp;P 500 and Nasdaqscoring all-time highsas GameStop tumbled more than 80%.</p>\n<p>The SocGen analysts said increased retail interest in the markets is part of a broader trend that has seen individual investors driving demand for investments that take environmental, social and corporate governance, or ESG, standards into account.</p>\n<p>“Rather than criticizing retail investors and their behavioral pattens, it is better to slot them into the money equation,” they wrote. “After all, it is not only office workers who are locked down at home on snowy days but also very active day traders with access to inexpensive platforms.”</p>\n<p>Cabin fever, however, is hardly the only factor seen driving the renewed interest in the market by individual investors.</p>\n<p><b>Leveling the field</b></p>\n<p>Some individual investors who previously shunned equities might finally be succumbing to the notion that ultralow yields on bonds and elsewhere leave little alternative to the stock market. Equities still look attractive when it comes to dividend or earnings yields, Konstantinos said.</p>\n<p>Moreover, there’s the leveling of the playing field between institutional and individual investors over the past few decades. Regulation FD (for “full disclosure’) and other regulatory changes as well as the rise of low-fee trading platforms have put individual investors “on a closer footing to institutional investors than at any other time in history,” he said.</p>\n<p>Indeed, some market watchers have argued that the conventional branding of individual investors as the “dumb money” looks increasingly misguided, particularly after the GameStop episode showed supposedly “smart money” investors shorting more than 100% of the company’s stock, leaving them wide open to a painful short squeeze.</p>\n<p>Calvasina noted that some of the more well-known trades pursued by individual investors over the past year — buying stocks in the middle of a recession, buying airlines and cruise lines last summer, and implementing short squeezes this winter — come from a playbook that’s been largely abandoned by institutional investors over the past decade in favor of growth-, momentum- and quality-investing strategies.</p>\n<p>On that point, highly shorted names have outperformed the market since the March 23 lows when it comes to both small- and large-cap stocks, a development that typically occurs after the market has put in a mid-recession low, she noted.</p>\n<p>Still, the frenzy in retail trading that surrounded the short squeeze on GameStop and a handful of other heavily shorted small-cap stocks raised a red flag to investors on the lookout for the sort of froth that signals a rally is entering the sort of euphoric phase typically followed by a pullback.</p>\n<p><b>Next leg?</b></p>\n<p>While that may prove to be the case in the near term, some investors contend a sustained pickup in active individual investing interest could help drive the next leg of a bull market.</p>\n<p>Individual investors could continue to fuel interest in more value-oriented, smaller capitalization and higher volatility names, Konstantinos said.</p>\n<p>And sustained interest in individual securities could mean more “dispersion,” or variation in returns between individual stocks and sectors, said Clissold — an element that was missing over the past decade to the pain of active fund managers.</p>\n<p>Calvasina argued that retail interest in specific stocks is likely to ebb and flow, as it has done over the past year, but probably won’t fade away.</p>\n<p>“Unless the door closes (i.e. through a major regulatory change), we fail to see why retail investor interest in trading specific names will completely go way given how elevated cash on the sidelines is among consumers,” she wrote.</p>","source":"market_watch","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>Individual investors are back — here’s what it means for the stock market</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\">\nIndividual investors are back — here’s what it means for the stock market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-08 18:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/individual-investors-are-back-heres-what-it-means-for-the-stock-market-11612557558?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There’s more to the retail revival than GameStop\nLook who’s back.\nAfter a long absence, active individual investors have returned. While breakneck and foolhardy trading activity in shares of GameStop ...</p>\n\n<a href=\"https://www.marketwatch.com/story/individual-investors-are-back-heres-what-it-means-for-the-stock-market-11612557558?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":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯","GME":"游戏驿站"},"source_url":"https://www.marketwatch.com/story/individual-investors-are-back-heres-what-it-means-for-the-stock-market-11612557558?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1105339151","content_text":"There’s more to the retail revival than GameStop\nLook who’s back.\nAfter a long absence, active individual investors have returned. While breakneck and foolhardy trading activity in shares of GameStop Corp.GME,+19.20%has dominated the headlines, unanswered questions remain as to whether a broader resurgence in retail trading will last and what it will mean for the stock market as U.S. benchmark indexes march to all-time highs.\nThe comeback\nIt’s been a long time coming.\nThe stock market put in a historic rally over the past decade “without any prominent retail interest in it,” said Chris Konstantinos, chief investment strategist at RiverFront Investment Group, in an interview.\nHe noted that total bond fund flows have outpaced stock flows by nearly $3 trillion since 2007. In fact, individual investors appeared interested in almost anything else, from real estate to cryptocurrencies, Konstantinos said.\nA shift got under way last year as the coronavirus pandemic took hold. Sequential growth in accounts at brokers such as Charles Schwab Corp.SCHW,+0.98%that cater to individual investors “was remarkable” at the end of the second quarter of 2020 and was followed by a major surge in growth in the following quarter, said Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets, in a Feb. 2 note.\nAt the same time Google searches for “day trading” were also on the rise, she noted (see charts below).\nRBC CAPITAL MARKETS\nCalvasina and others acknowledged that a combination of lockdown-related boredom and stimulus checks from the U.S. government likely played a role in the uptick in individual investing interest.\nThe jury is out on whether that enthusiasm will endure, said Ed Clissold, chief U.S. strategist at Ned Davis Research Group, in an interview. It’s unclear how much of the pickup in retail trading merely reflects individuals throwing extra money via stimulus checks at the market, he said.\nThat sort of trading feels more like gambling than investing, he said, noting that “frothy” market action tends to fade quickly away.\nNo doubt, day traders who jumped on the GameStop rally in a big way and listened to pleas on Reddit’s WallStreetBets forum to hold the line were left to suffer ugly losses. Some market watchers fear that the bubble-like activity in so-called meme stocks could end up scaring away individual investors, nipping any resurgence in the bud.\nBut others argued that many individual investors, whose ranks aren’t made up soley of rapid-fire day traders, were likely to stick around.\n‘Structural change’\nCalvasina said RBC suspects a “structural change may be afoot and that retail investors are likely to remain bigger players in the U.S. equity market going forward.”\nIf so, that will require an attitude adjustment by Wall Street pros, who got used to paying little attention to individual investors.\nAfter all, powerful waves of passive and systematic investment had rendered individual investors largely irrelevant to analysts cooking up market forecasts, wrote strategists at Société Générale, in a Thursday note.\nBut the market volatility created by the GameStop situation served as a wake-up call, the analysts said.\nWhile GameStop and other heavily shorted names soared, hedge funds and other investors were seen liquidating long positions elsewhere, to take profits and cover losses, putting pressure on equities markets. Major benchmarks ended January on a sour note, with the Dow Jones Industrial AverageDJIA,+0.30%,S&P 500SPX,+0.39%and Nasdaq CompositeCOMP,+0.57%logging their largest weekly declines since October.\nU.S. stocks roared back in the past week, however, with the S&P 500 and Nasdaqscoring all-time highsas GameStop tumbled more than 80%.\nThe SocGen analysts said increased retail interest in the markets is part of a broader trend that has seen individual investors driving demand for investments that take environmental, social and corporate governance, or ESG, standards into account.\n“Rather than criticizing retail investors and their behavioral pattens, it is better to slot them into the money equation,” they wrote. “After all, it is not only office workers who are locked down at home on snowy days but also very active day traders with access to inexpensive platforms.”\nCabin fever, however, is hardly the only factor seen driving the renewed interest in the market by individual investors.\nLeveling the field\nSome individual investors who previously shunned equities might finally be succumbing to the notion that ultralow yields on bonds and elsewhere leave little alternative to the stock market. Equities still look attractive when it comes to dividend or earnings yields, Konstantinos said.\nMoreover, there’s the leveling of the playing field between institutional and individual investors over the past few decades. Regulation FD (for “full disclosure’) and other regulatory changes as well as the rise of low-fee trading platforms have put individual investors “on a closer footing to institutional investors than at any other time in history,” he said.\nIndeed, some market watchers have argued that the conventional branding of individual investors as the “dumb money” looks increasingly misguided, particularly after the GameStop episode showed supposedly “smart money” investors shorting more than 100% of the company’s stock, leaving them wide open to a painful short squeeze.\nCalvasina noted that some of the more well-known trades pursued by individual investors over the past year — buying stocks in the middle of a recession, buying airlines and cruise lines last summer, and implementing short squeezes this winter — come from a playbook that’s been largely abandoned by institutional investors over the past decade in favor of growth-, momentum- and quality-investing strategies.\nOn that point, highly shorted names have outperformed the market since the March 23 lows when it comes to both small- and large-cap stocks, a development that typically occurs after the market has put in a mid-recession low, she noted.\nStill, the frenzy in retail trading that surrounded the short squeeze on GameStop and a handful of other heavily shorted small-cap stocks raised a red flag to investors on the lookout for the sort of froth that signals a rally is entering the sort of euphoric phase typically followed by a pullback.\nNext leg?\nWhile that may prove to be the case in the near term, some investors contend a sustained pickup in active individual investing interest could help drive the next leg of a bull market.\nIndividual investors could continue to fuel interest in more value-oriented, smaller capitalization and higher volatility names, Konstantinos said.\nAnd sustained interest in individual securities could mean more “dispersion,” or variation in returns between individual stocks and sectors, said Clissold — an element that was missing over the past decade to the pain of active fund managers.\nCalvasina argued that retail interest in specific stocks is likely to ebb and flow, as it has done over the past year, but probably won’t fade away.\n“Unless the door closes (i.e. through a major regulatory change), we fail to see why retail investor interest in trading specific names will completely go way given how elevated cash on the sidelines is among consumers,” she wrote.","news_type":1},"isVote":1,"tweetType":1,"viewCount":288,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":319421718,"gmtCreate":1611599390334,"gmtModify":1704861332259,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/319421718","repostId":"319139998","repostType":1,"isVote":1,"tweetType":1,"viewCount":35,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365136744,"gmtCreate":1614700997188,"gmtModify":1704774294233,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMTX\">$Aemetis(AMTX)$</a>&nbsp;lets gooooo!&nbsp;","listText":"<a href=\"https://laohu8.com/S/AMTX\">$Aemetis(AMTX)$</a>&nbsp;lets gooooo!&nbsp;","text":"$Aemetis(AMTX)$ lets gooooo!","images":[{"img":"https://static.tigerbbs.com/be5155c1959f2020af5b97cb3b1ec4cc","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365136744","isVote":1,"tweetType":1,"viewCount":546,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":381317263,"gmtCreate":1612930951752,"gmtModify":1704876161566,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"Good read on current market sentiments&nbsp;","listText":"Good read on current market sentiments&nbsp;","text":"Good read on current market sentiments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381317263","repostId":"1169253231","repostType":4,"repost":{"id":"1169253231","pubTimestamp":1612926685,"share":"https://ttm.financial/m/news/1169253231?lang=&edition=fundamental","pubTime":"2021-02-10 11:11","market":"us","language":"en","title":"Is the stock market due for a correction in 2021? Here’s what some experts think","url":"https://stock-news.laohu8.com/highlight/detail?id=1169253231","media":"MarketWatch","summary":"A pullback for the Dow Jones Industrial Average and the S&P 500 index on Tuesday halted the longest ","content":"<p>A pullback for the Dow Jones Industrial Average and the S&amp;P 500 index on Tuesday halted the longest win streak for stocks in months, but a major concern for investors remains: Is there a major correction looming ahead?</p>\n<p>Even some bullish investors have called for a retrenchment in stocks as a sort of catharsis for the next leg higher and an unwind of some of the frenzied, retail-inspired betting that has repeatedly sent stocks to fresh records amid the COVID-19 recovery.</p>\n<p>A brief pullback that began in late January, tied to the trading fervor around GameStop Corp.&nbsp;and AMC Entertainment Holdings,saw markets test some short-term bullish trend lines, but recently the markets have managed to claw back to produce not-unspectacular returns in the early goings of a year chock-full of uncertainties.</p>\n<p>The Dow Jones Industrial Average&nbsp;is up 2.5% so far in the year, the S&amp;P 500&nbsp;is enjoying a more pronounced gain of over 4%, while the Nasdaq Composite&nbsp;and Russell 2000&nbsp;indexes on Tuesday notched their 10th record closes in 2021 thus far.</p>\n<p>The year-to-date gains in the large-cap Nasdaq, up 8.7%, and the Russell 2000, up 16.4%, reflect an odd convergence of investor bets: Those wagering on further prosperity in COVID-tested, large-capitalization growth stocks that worked in the aftermath of the pandemic in the U.S. back in March, alongside bets for a sizable rebound in small-cap, economically sensitive stocks represented in the Russell.</p>\n<p>In either case, cautious investors and those worried that the good times can’t last forever are bracing for the next major slump for stocks, and ruminating on how it might play out.</p>\n<p>Earlier this week, Morgan Stanley’s Michael Wilson&nbsp;told CNBC during an interview&nbsp;that “It was brief, so if you blinked you missed it,” referring to the pullback in stocks in late January.</p>\n<p>“That looks like that was it for now, and I mean, the markets are quite powerful at the moment, and they have been,” Wilson said.</p>\n<p>“There’s tremendous liquidity, there’s a very good and very understandable story behind the scenes. Meaning, we’ve got a strong economic recovery that’s visible to everyone. The earnings season’s been good so far…and people have bought into it,” the Morgan Stanley analyst said.</p>\n<p>He cautioned, however, that the market remains in a “a bit of a fragile state,” and warned that leverage swirling in the system could make pullbacks of 3% or 5% more of the norm.</p>\n<p>Wilson did say, however, that the re-emergence of individual investors in financial markets would be a force to be reckoned with, and that they currently represent the marginal buyer on Wall Street keeping asset prices buoyant.</p>\n<p>Keith&nbsp;Lerner, chief market strategist at Truist Advisory Services, said that concerns of a stock bubble are overdone and not supported by the current batch of fourth-quarter earnings results, which his firm estimates will be the best since the 2008 financial crisis.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/614ce86d6f888394bc0303ea4afc4f16\" tg-width=\"1212\" tg-height=\"914\"><span>TRUIST ADVISORY SERVICES INC./SUNTRUST ADVISORY SERVICES INC.</span></p>\n<p>“Although there are frothy segments of the market that are detached from fundamentals, we do not see bubble conditions more broadly,” Lerner wrote in a research report dated Tuesday.</p>\n<p>“Instead, we see a stock market that is trading at a premium to historical valuations—partly justified by low rates, a shift in sector composition toward higher-valued growth sectors, supportive monetary and fiscal policy, as well as cheaper access to markets (i.e., secular decline in commissions and fund fees),” the Truist analysts added, noting that a lower barrier to entry for individual investors also was providing support for stock values.</p>\n<p>Meanwhile, Daniel Pinto, a co-president at JPMorgan Chase &amp; Co.,told CNBC in a Q&amp;A&nbsp;that he expects the stock market to grind higher.</p>\n<p>“I think the market will gradually grind up during the year,” he told the news network. “I don’t see a correction anytime soon, unless the situation changes dramatically,” he said, describing possible downturns as mini corrections that won’t necessarily change the overall bullish trend.</p>\n<p>What could change things?</p>\n<p>Naeem Aslam, chief market analyst at AvaTrade, in a Tuesday report said that optimism in the U.S. market is driven by three actors: Support from monetary and fiscal policy, progress in COVID vaccinations and the solid quarterly results.</p>\n<p>“Basically, it seems like the stars are getting in line, and there are strong odds stacked in favour of another bull rally,” Aslam wrote.</p>\n<p>“In other words, we need something major changing in the current catalyst to shift the market narrative among traders that can trigger a minor pullback—let alone a serious correction,” he added.</p>\n<p>MarketWatch’s William Watts writes&nbsp;that some experts are pointing to the 2009 stock market as the closest parallel to the current setup for equities. Quoting Tony Dwyer, chief market strategist at Canaccord Genuity, Watts noted that 2021 could play out more like the postcrisis scenario seen in 2010, which would point the way to a “solid year” for the market, but with a bumpy ride thanks to “multiple first-half corrections.”</p>\n<p>Some of the bumpiness might emanate from the bond market, with the 10-yearTMUBMUSD10Y,1.162%and 30-year TreasurysTMUBMUSD30Y,1.950%testing recent yield highs and putting some pressure on equities.</p>\n<p>The so-called reflation trade, where yields rise and investors gravitate to investments that might prosper in better economic times, has provided a number of false dawns for investors so far.</p>","source":"market_watch","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>Is the stock market due for a correction in 2021? Here’s what some experts think</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\">\nIs the stock market due for a correction in 2021? Here’s what some experts think\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/is-the-stock-market-due-for-a-correction-in-2021-heres-what-some-experts-think-11612916422?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A pullback for the Dow Jones Industrial Average and the S&P 500 index on Tuesday halted the longest win streak for stocks in months, but a major concern for investors remains: Is there a major ...</p>\n\n<a href=\"https://www.marketwatch.com/story/is-the-stock-market-due-for-a-correction-in-2021-heres-what-some-experts-think-11612916422?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",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/is-the-stock-market-due-for-a-correction-in-2021-heres-what-some-experts-think-11612916422?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1169253231","content_text":"A pullback for the Dow Jones Industrial Average and the S&P 500 index on Tuesday halted the longest win streak for stocks in months, but a major concern for investors remains: Is there a major correction looming ahead?\nEven some bullish investors have called for a retrenchment in stocks as a sort of catharsis for the next leg higher and an unwind of some of the frenzied, retail-inspired betting that has repeatedly sent stocks to fresh records amid the COVID-19 recovery.\nA brief pullback that began in late January, tied to the trading fervor around GameStop Corp. and AMC Entertainment Holdings,saw markets test some short-term bullish trend lines, but recently the markets have managed to claw back to produce not-unspectacular returns in the early goings of a year chock-full of uncertainties.\nThe Dow Jones Industrial Average is up 2.5% so far in the year, the S&P 500 is enjoying a more pronounced gain of over 4%, while the Nasdaq Composite and Russell 2000 indexes on Tuesday notched their 10th record closes in 2021 thus far.\nThe year-to-date gains in the large-cap Nasdaq, up 8.7%, and the Russell 2000, up 16.4%, reflect an odd convergence of investor bets: Those wagering on further prosperity in COVID-tested, large-capitalization growth stocks that worked in the aftermath of the pandemic in the U.S. back in March, alongside bets for a sizable rebound in small-cap, economically sensitive stocks represented in the Russell.\nIn either case, cautious investors and those worried that the good times can’t last forever are bracing for the next major slump for stocks, and ruminating on how it might play out.\nEarlier this week, Morgan Stanley’s Michael Wilson told CNBC during an interview that “It was brief, so if you blinked you missed it,” referring to the pullback in stocks in late January.\n“That looks like that was it for now, and I mean, the markets are quite powerful at the moment, and they have been,” Wilson said.\n“There’s tremendous liquidity, there’s a very good and very understandable story behind the scenes. Meaning, we’ve got a strong economic recovery that’s visible to everyone. The earnings season’s been good so far…and people have bought into it,” the Morgan Stanley analyst said.\nHe cautioned, however, that the market remains in a “a bit of a fragile state,” and warned that leverage swirling in the system could make pullbacks of 3% or 5% more of the norm.\nWilson did say, however, that the re-emergence of individual investors in financial markets would be a force to be reckoned with, and that they currently represent the marginal buyer on Wall Street keeping asset prices buoyant.\nKeith Lerner, chief market strategist at Truist Advisory Services, said that concerns of a stock bubble are overdone and not supported by the current batch of fourth-quarter earnings results, which his firm estimates will be the best since the 2008 financial crisis.\nTRUIST ADVISORY SERVICES INC./SUNTRUST ADVISORY SERVICES INC.\n“Although there are frothy segments of the market that are detached from fundamentals, we do not see bubble conditions more broadly,” Lerner wrote in a research report dated Tuesday.\n“Instead, we see a stock market that is trading at a premium to historical valuations—partly justified by low rates, a shift in sector composition toward higher-valued growth sectors, supportive monetary and fiscal policy, as well as cheaper access to markets (i.e., secular decline in commissions and fund fees),” the Truist analysts added, noting that a lower barrier to entry for individual investors also was providing support for stock values.\nMeanwhile, Daniel Pinto, a co-president at JPMorgan Chase & Co.,told CNBC in a Q&A that he expects the stock market to grind higher.\n“I think the market will gradually grind up during the year,” he told the news network. “I don’t see a correction anytime soon, unless the situation changes dramatically,” he said, describing possible downturns as mini corrections that won’t necessarily change the overall bullish trend.\nWhat could change things?\nNaeem Aslam, chief market analyst at AvaTrade, in a Tuesday report said that optimism in the U.S. market is driven by three actors: Support from monetary and fiscal policy, progress in COVID vaccinations and the solid quarterly results.\n“Basically, it seems like the stars are getting in line, and there are strong odds stacked in favour of another bull rally,” Aslam wrote.\n“In other words, we need something major changing in the current catalyst to shift the market narrative among traders that can trigger a minor pullback—let alone a serious correction,” he added.\nMarketWatch’s William Watts writes that some experts are pointing to the 2009 stock market as the closest parallel to the current setup for equities. Quoting Tony Dwyer, chief market strategist at Canaccord Genuity, Watts noted that 2021 could play out more like the postcrisis scenario seen in 2010, which would point the way to a “solid year” for the market, but with a bumpy ride thanks to “multiple first-half corrections.”\nSome of the bumpiness might emanate from the bond market, with the 10-yearTMUBMUSD10Y,1.162%and 30-year TreasurysTMUBMUSD30Y,1.950%testing recent yield highs and putting some pressure on equities.\nThe so-called reflation trade, where yields rise and investors gravitate to investments that might prosper in better economic times, has provided a number of false dawns for investors so far.","news_type":1},"isVote":1,"tweetType":1,"viewCount":602,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":383941792,"gmtCreate":1612833174516,"gmtModify":1704874748212,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"Value stocks to watch","listText":"Value stocks to watch","text":"Value stocks to watch","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383941792","repostId":"2108073667","repostType":2,"isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317335026,"gmtCreate":1612415993065,"gmtModify":1704870852290,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317335026","repostId":"1198219554","repostType":4,"repost":{"id":"1198219554","pubTimestamp":1612405479,"share":"https://ttm.financial/m/news/1198219554?lang=&edition=fundamental","pubTime":"2021-02-04 10:24","market":"us","language":"en","title":"Why investors were willing to write Robinhood a $3 billion check during the GameStop chaos","url":"https://stock-news.laohu8.com/highlight/detail?id=1198219554","media":"cnbc","summary":"KEY POINTS\n\nVenture capital investors doubled down on investments in Robinhood even as the company s","content":"<div>\n<p>KEY POINTS\n\nVenture capital investors doubled down on investments in Robinhood even as the company scrambled to raise billions of dollars to meet new capital requirements, and faced pressure from ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/03/why-investors-were-willing-to-write-robinhood-a-3-billion-check-during-the-gamestop-chaos-.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>Why investors were willing to write Robinhood a $3 billion check during the GameStop chaos</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\">\nWhy investors were willing to write Robinhood a $3 billion check during the GameStop chaos\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-04 10:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/03/why-investors-were-willing-to-write-robinhood-a-3-billion-check-during-the-gamestop-chaos-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nVenture capital investors doubled down on investments in Robinhood even as the company scrambled to raise billions of dollars to meet new capital requirements, and faced pressure from ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/03/why-investors-were-willing-to-write-robinhood-a-3-billion-check-during-the-gamestop-chaos-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.cnbc.com/2021/02/03/why-investors-were-willing-to-write-robinhood-a-3-billion-check-during-the-gamestop-chaos-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1198219554","content_text":"KEY POINTS\n\nVenture capital investors doubled down on investments in Robinhood even as the company scrambled to raise billions of dollars to meet new capital requirements, and faced pressure from customers and lawmakers.\nUser growth during the chaos and its prospects as a public company convinced at least three VC investors that backing Robinhood was the right move.\n\"In spite of the trouble last week, the metrics suggest retail trading is exploding and Robinhood is still the only game in town,\" one investor tells CNBC.\n\nRobinhood's ability to add hundreds of thousands of new customers during a week of chaos, along with its IPO prospects, convinced Silicon Valley backers that a multi-billion-dollar cash infusion was worth it.\nCNBC spoke to three of Robinhood's investors, who agreed to speak about the emergency funding without being named, because the conversations were private. All of them said there was \"strong demand\" for investors to get a piece of Robinhood, even as the company stared down a public relations and regulatory crisis.\nThe trouble started last week, as Robinhoodrestrictedtrading for a list of stocks includingGameStop. Amateur investors had bid up those names on social media, causing massive losses for hedge funds that shorted them.\nRobinhood wasnot the onlybrokerage firm to do this. Still, its decision was met with a big backlash from traders and even celebrities on Twitter and Reddit. Some accused the company of colluding with hedge funds to shut down the buy-side of the trade. Lawmakersfrom both major partiesalso lobbed accusations of market manipulation at Robinhood. (Robinhood CEO’s Vlad Tenev said itdid not make the move because of any outside pressure.)\nBut the biggest near-term crisis, was having enough capital to meet regulatory requirements.\nBrokerage firms like Robinhood need to send cash every day to the Depository Trust Company to make sure there’s enough collateral backing up customer trades in the two days it takes them to settle. That formula is based on volatility among other factors, which picked up last week as stocks like GameStop shot up 400%, and rookie traders were deploying leverage.\nThe $3 billion bill\nThe amount Robinhood was expected to post for names like GameStop and AMC increased tenfold, the company said in a blogpost. Robinhood’s operations team woke up to a request at 3:30 a.m. PT on Thursday from the National Securities Clearing Corp, the third party where it reports the collateral, CEO Tenevtold Elon Muskin a conversation on the audio chat app, Clubhouse. The total amount Robinhood needed to post came in at $3 billion, according to Tenev.\nAt the time, Robinhood did not have the capital.\nThe first step was to call up venture capital investors. They were able to round up $1 billion in convertible debt, sources said. That debt will convert to equity when Robinhood goes public, and those investors will get a 30% discount to the market price.\n“In spite of the trouble last week, the metrics suggest retail trading is exploding and Robinhood is still the only game in town,” one investor told CNBC. “This is going to be a big company and if you believe they’re going to IPO, you can get in right now at a discount.”\nThat first tranche was oversubscribed on Thursday, and investors said that Robinhood turned investors away — at first.\nThey decided to open up a second round with the same debt structure that amounted to $2.4 billion. In total, Robinhood brought in $3.4 billion over a few days in capital to meet its regulatory requirements. Because it was debt, not equity, Robinhood’s $11.7 billion valuation on paper did not change. The start-up also tapped a $600 million line of credit from JP Morgan and Goldman Sachs.\nInvestors said that should be “more than enough,” for now. Robinhood is also profitable on a GAAP basis, one investor said. The cushion should be big enough that Robinhood’s balance sheet can handle the shock of similar capital issues cropping up again, the investors said.\nAs of Wednesday midday however, Robinhood was stilllimiting some trading in GameStop and AMC.\nA flood of cash would also put Robinhood in a stronger position ahead of an IPO, which investors expect to happen within the next year but would not give specifics. A direct listing and special purpose acquisition company, or SPAC, are still on the table, but the company “hasn’t decided yet,” one investor told CNBC.\nRobinhood declined to comment on the deal structure and IPO plans.\nShocking user growth\nRobinhood saw fierce criticism from investors like Chamath Palihapitiya -- who is taking another investing platform, Sofi, public through a SPAC -- and rapper Ja Rule, tweeting #deleteRobinhood. Hundreds of users on social media threatened to leave Robinhood for other brokerage firms, and the company is facing multiple class action lawsuits from angry users.\nOne venture capital investor who saw the internal growth metrics last week said the flood of new investors “far outweighed” any attrition. Robinhood was the top app in the iOS app store for multiple days. It also led the industry in app downloads by a wide margin with 600,000 people downloading the free-trading app, according to JMP Securitiesanalysis.\nThat metric was the silver lining investors focused on when weighing whether to throw billions of dollars at the company.\n“It’s the fastest growing consumer app, and has better engagement than social media,” one investor said. “The majority of those new traders won’t be trading GameStop.”\nGrowing too fast has also been a criticism of Robinhood. Palihapitiya and others have suggested that Robinhood stop bringing in new investors until the start-up can shore up last week’s issues. Despite those warnings, Robinhood is spending on marketing for brand awareness. The start-upannouncedits largest brand campaign ever on Wednesday, with a commercial airing during the Super Bowl.\nWishing for a ‘mulligan’\nDespite the tumultuous week, at least three investors were aligned on wanting Tenev to continue leading the start-up through its public debut.\n“Vlad as a leader is fantastic— this week has been tough on the whole team,” one investor told CNBC.\nRobinhood’s chief financial officer, Jason Warnick, said there was also support for the CEO internally. He told CNBC that Tenev “mobilized” the team in an “incredibly effective way” through recent weeks and there was “absolutely no one else I would want to be with.”\nStill, they said the start-up made mistakes. Among those were the messaging from Robinhood in the hours after shutting down customer trades. One said he wished Robinhood could have a “mulligan” and said they should have clearly explained the liquidity issue, while tackling the hedge fund theories out of the gate.\nOn Thursday, Robinhood’s CEO told CNBC that “there was no liquidity problem, and to be clear this was done preemptively so we did this proactively and thousands of other securities remain tradeable on the platform.”\nTenev, who co-founded Robinhood, is facing immense pressure on Capitol Hill. Senator Elizabeth Warren sent the start-up a letterasking for an explanation of why Robinhood shut down trades. He is expected to testify at a House Financial Services Committee hearing later in February. On Wednesday, one of Robinhood’s regulators, FINRA, issued a report saying that it’s increasing oversight of “game-like” trading apps. Regulation is a risk but it’s “impossible to price in,” one investor said.\nRobinhood, and the rest of the online brokerage industry, rely on what’s known aspayment for order flowas their profit engine in lieu of commissions. Market makers pay e-brokers like Robinhood for the right to execute customer trades. The broker is then paid a small fee for the shares that are routed, which can add up to millions when customers trade as actively as they have this year. That practice may come under fire after the events of last week.\n“Robinhood’s value is not the revenue model, it’s the user engagement,” one investor said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314269255,"gmtCreate":1612355269477,"gmtModify":1704870093242,"author":{"id":"3572392631946791","authorId":"3572392631946791","name":"Legendation","avatar":"https://static.tigerbbs.com/a635279175f5c7538c5837c7b6126e7c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572392631946791","authorIdStr":"3572392631946791"},"themes":[],"htmlText":"Good read&nbsp;","listText":"Good read&nbsp;","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/314269255","repostId":"1172180017","repostType":4,"repost":{"id":"1172180017","pubTimestamp":1612338041,"share":"https://ttm.financial/m/news/1172180017?lang=&edition=fundamental","pubTime":"2021-02-03 15:40","market":"us","language":"en","title":"As GameStop showed, anyone can manipulate the market. Here's how to fix that","url":"https://stock-news.laohu8.com/highlight/detail?id=1172180017","media":"straitstimes","summary":"NEW YORK (NYTIMES) - There will be academic case studies on the mania around GameStop's stock. There","content":"<p>NEW YORK (NYTIMES) - There will be academic case studies on the mania around GameStop's stock. There will be philosophical debates about whether this was a genuine protest against hedge funds and inequality or a pump-and-dump scheme masquerading as a moral crusade. Eventually, we will learn whether this was a transformational moment powered by social media that will shift the investing landscape forever, or a short-term blip that soon fades away.</p>\n<p>What is&nbsp;less up for debate is this: The public has a deep distrust of the stock market and everything it represents. That lesson has been laid bare by the anger coursing through the Reddit posts and Twitter threads of GameStop traders and the throngs cheering them on.</p>\n<p>What the Reddit investors did,more than anything else, was demonstrate in the starkest terms that they could manipulate the market in the way that so much of the public believes hedge funds and wealthy investors do every day. In doing so, they exposed the fallacy that the stock market was ever a level playing field.</p>\n<p>So now what? If any good can come from this beyond the feel-good story of some retail traders profiting at the expense of hedge funds - which may reverse before this story is over - it requires a real conversation about how to make a more fair market that nobody can manipulate, that provides the same opportunities for everyone to create wealth.</p>\n<p>Here are policy ideas to help level the playing field:</p>\n<p><b>• A transaction tax for high-frequency traders</b></p>\n<p>One of the arguments repeatedly made by critics of Wall Street is that high-frequency traders - who are buying and selling in milliseconds - have made a mockery of the idea of actual investing. These traders are often taking advantage of price discrepancies using algorithms in a way that no retail investor has any opportunity to do, creating great wealth at firms like Citadel and Virtu Financial. A transaction tax of even 0.1 per cent on the value of trades&nbsp;would not only raise nearly $80 billion a year, but also meaningfully reduce high-frequency trading by making it less profitable. Bills have been proposed in Congress repeatedly for such a tax and struck down.</p>\n<p>The cons: Proponents of high-frequency trading say that it creates more competition and therefore makes the market more efficient for all participants, including retail investors.</p>\n<p><b>• Disclosure of short positions</b></p>\n<p>Big hedge funds have to disclose their \"long\" positions when they cross the threshold of owning 5 per cent or more of a company's shares. No such disclosure is required for short positions. At all. Shouldn't there be? If we as a society believe transparency is important to understand who is buying up shares, it would seem logical that we also want to know who is betting against them. Some people believe that short selling itself should banned, but others believe it performs an important policing function by incentivising shareholders to scrutinise companies for fraud, chicanery or simple mismanagement.</p>\n<p>The cons: If short-sellers were forced to disclose their bets, they could find it difficult to build meaningful positions. Shorting a stock can take time, and building the position could make them targets of investors who might put them in a short squeeze, similar to what was play out over the past week.</p>\n<p><b>• End private meetings between companies and big investors</b></p>\n<p>Passing important information that is not publicly disclosed to all investors is illegal. But big investors travel across the country constantly to visit chief executives and privately grill them about their businesses. The retail investor cannot get in these meetings. While most executives are careful not to pass news of impending earnings or a merger, it is hard to believe that big investors would spend the time and money to get these meetings if they did not believe that doing so provided them with an edge that they could&nbsp;not get otherwise.</p>\n<p>The cons: Companies often say they want to hear from their biggest investors and get feedback on their performance. Some big investors also say that given the amount of money at stake - especially when making a long-term investment commitment - they want to know the management team personally.</p>\n<p><b>• Access to private investments for anyone with smarts, not wealth</b></p>\n<p>The United States&nbsp;Securities and Exchange Commission (SEC) says that only \"accredited investors\" can put money in private investment vehicles like venture capital and private equity funds, which often generate some of the biggest returns. Historically, being an accredited investor was measured by wealth. The SEC recently changed the rule to allow people with deep financial experience to invest even if they don't meet the wealth thresholds. What about a test for anyone who wants to become an accredited investor, like a driver's licence for investing? This would create a fairer system and ensure anybody putting money in the most risky vehicles has the required financial literacy to fully understand the risks.</p>\n<p>The cons: Even the most sophisticated investors lose sometimes, but someone with a lot of wealth has a cushion. Someone with less to lose may be forced to rely on the social safety net when an investment goes wrong. And a financial literacy test for everyone might mean some of the wealthiest investors won't take - or pass - the exam, preventing money from being invested in risky but important early-stage companies.</p>\n<p><b>• End payment for order flow</b></p>\n<p>When Robinhood, the brokerage app, was introduced, its biggest innovation was eliminating trading commissions. The move was a huge hit, and the company grew so quickly that other brokerage firms eliminated their fees&nbsp;too. So how does it make money? Robinhood's unique insight was that it could charge market makers to execute trades for it. Market makers, in turn, extract a profit for fulfilling each trade and insights from the flood of data. In the case of Robinhood, Citadel Securities executes a majority of its trades and represents its biggest source of revenue. That has created questions about conflicts of interest and instilled a sense of distrust in the system. Ending the practice could give retail investors more confidence that the prices of their trades reflect prevailing conditions on exchanges and not private arrangements between brokers and other parties.</p>\n<p>The cons: This is a big one - trades would not be free. If you believe that no-commission trading has helped democratise the market and made it more accessible for retail investors, then eliminating it would make the playing field less equal.</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>As GameStop showed, anyone can manipulate the market. Here's how to fix that</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\">\nAs GameStop showed, anyone can manipulate the market. Here's how to fix that\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-03 15:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.straitstimes.com/business/companies-markets/as-gamestop-showed-anyone-can-manipulate-the-market-heres-how-to-fix-that><strong>straitstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (NYTIMES) - There will be academic case studies on the mania around GameStop's stock. There will be philosophical debates about whether this was a genuine protest against hedge funds and ...</p>\n\n<a href=\"https://www.straitstimes.com/business/companies-markets/as-gamestop-showed-anyone-can-manipulate-the-market-heres-how-to-fix-that\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3780c78c8bb55dbf0b4bcd80ffe89707","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.straitstimes.com/business/companies-markets/as-gamestop-showed-anyone-can-manipulate-the-market-heres-how-to-fix-that","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172180017","content_text":"NEW YORK (NYTIMES) - There will be academic case studies on the mania around GameStop's stock. There will be philosophical debates about whether this was a genuine protest against hedge funds and inequality or a pump-and-dump scheme masquerading as a moral crusade. Eventually, we will learn whether this was a transformational moment powered by social media that will shift the investing landscape forever, or a short-term blip that soon fades away.\nWhat is less up for debate is this: The public has a deep distrust of the stock market and everything it represents. That lesson has been laid bare by the anger coursing through the Reddit posts and Twitter threads of GameStop traders and the throngs cheering them on.\nWhat the Reddit investors did,more than anything else, was demonstrate in the starkest terms that they could manipulate the market in the way that so much of the public believes hedge funds and wealthy investors do every day. In doing so, they exposed the fallacy that the stock market was ever a level playing field.\nSo now what? If any good can come from this beyond the feel-good story of some retail traders profiting at the expense of hedge funds - which may reverse before this story is over - it requires a real conversation about how to make a more fair market that nobody can manipulate, that provides the same opportunities for everyone to create wealth.\nHere are policy ideas to help level the playing field:\n• A transaction tax for high-frequency traders\nOne of the arguments repeatedly made by critics of Wall Street is that high-frequency traders - who are buying and selling in milliseconds - have made a mockery of the idea of actual investing. These traders are often taking advantage of price discrepancies using algorithms in a way that no retail investor has any opportunity to do, creating great wealth at firms like Citadel and Virtu Financial. A transaction tax of even 0.1 per cent on the value of trades would not only raise nearly $80 billion a year, but also meaningfully reduce high-frequency trading by making it less profitable. Bills have been proposed in Congress repeatedly for such a tax and struck down.\nThe cons: Proponents of high-frequency trading say that it creates more competition and therefore makes the market more efficient for all participants, including retail investors.\n• Disclosure of short positions\nBig hedge funds have to disclose their \"long\" positions when they cross the threshold of owning 5 per cent or more of a company's shares. No such disclosure is required for short positions. At all. Shouldn't there be? If we as a society believe transparency is important to understand who is buying up shares, it would seem logical that we also want to know who is betting against them. Some people believe that short selling itself should banned, but others believe it performs an important policing function by incentivising shareholders to scrutinise companies for fraud, chicanery or simple mismanagement.\nThe cons: If short-sellers were forced to disclose their bets, they could find it difficult to build meaningful positions. Shorting a stock can take time, and building the position could make them targets of investors who might put them in a short squeeze, similar to what was play out over the past week.\n• End private meetings between companies and big investors\nPassing important information that is not publicly disclosed to all investors is illegal. But big investors travel across the country constantly to visit chief executives and privately grill them about their businesses. The retail investor cannot get in these meetings. While most executives are careful not to pass news of impending earnings or a merger, it is hard to believe that big investors would spend the time and money to get these meetings if they did not believe that doing so provided them with an edge that they could not get otherwise.\nThe cons: Companies often say they want to hear from their biggest investors and get feedback on their performance. Some big investors also say that given the amount of money at stake - especially when making a long-term investment commitment - they want to know the management team personally.\n• Access to private investments for anyone with smarts, not wealth\nThe United States Securities and Exchange Commission (SEC) says that only \"accredited investors\" can put money in private investment vehicles like venture capital and private equity funds, which often generate some of the biggest returns. Historically, being an accredited investor was measured by wealth. The SEC recently changed the rule to allow people with deep financial experience to invest even if they don't meet the wealth thresholds. What about a test for anyone who wants to become an accredited investor, like a driver's licence for investing? This would create a fairer system and ensure anybody putting money in the most risky vehicles has the required financial literacy to fully understand the risks.\nThe cons: Even the most sophisticated investors lose sometimes, but someone with a lot of wealth has a cushion. Someone with less to lose may be forced to rely on the social safety net when an investment goes wrong. And a financial literacy test for everyone might mean some of the wealthiest investors won't take - or pass - the exam, preventing money from being invested in risky but important early-stage companies.\n• End payment for order flow\nWhen Robinhood, the brokerage app, was introduced, its biggest innovation was eliminating trading commissions. The move was a huge hit, and the company grew so quickly that other brokerage firms eliminated their fees too. So how does it make money? Robinhood's unique insight was that it could charge market makers to execute trades for it. Market makers, in turn, extract a profit for fulfilling each trade and insights from the flood of data. In the case of Robinhood, Citadel Securities executes a majority of its trades and represents its biggest source of revenue. That has created questions about conflicts of interest and instilled a sense of distrust in the system. Ending the practice could give retail investors more confidence that the prices of their trades reflect prevailing conditions on exchanges and not private arrangements between brokers and other parties.\nThe cons: This is a big one - trades would not be free. If you believe that no-commission trading has helped democratise the market and made it more accessible for retail investors, then eliminating it would make the playing field less equal.","news_type":1},"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}