Allison07 personal page - To The Moon

Allison07

Allison07

Hey, I’m new 2 yr world! 多多关照。

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09-19

$Tesla Motors(TSLA)$

2023-05-24

$Tesla Motors(TSLA)$

2023-05-19

Tesla a good buy ?

@Ultrahisham:Is Tesla a buy at these levels? Tesla flirted around 150 levels in its recent sell off before finding its footing and rebounding to the 175 levels where it is hovering around at the moment. So is it a buy? It depends on your time frame really. Is Tesla a good company? It is fundamentally sound although it still has some issues to sort out especially in this macroenvironment. But few companies have the resources AND the guts to do what they do venturing into avenues that borders on uncharted territories. Well that is because there is only one Elon Musk. As eccentric as he may be, he does venture where no one does or even dare to. So there you are. Especially in a world primed to go AI crazy, Tesla will be very relevant moving forward being firmly entrenched in the new world. Howe

2021-06-15

Please comment

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2021-06-14

Please comment. Thank you

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2021-06-14

Any comments?

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2021-06-14

Yes.. indeed. But good returns if going in and outof it at the right time ?

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2021-06-13

$Koss(KOSS)$When is it going to ?

2021-06-13

Cool

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2021-06-13

Better for tomorrow?

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2021-06-12

[Grin] [Grin]

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2021-06-12

Buy!

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2021-06-12

Great. Comment please

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2021-06-11

$GTT Communications Inc(GTT)$?

2021-06-11

Like and comment ?

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2021-06-11

Yes! Buy naked! ??

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2021-06-10

$Koss(KOSS)$?‍♀️

2021-06-09

Buy alt coin good choice ? Please like and comment.

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2021-06-09

Health Clover cheong-ing go or not? Please like and comment.

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2021-06-09

$GTT Communications Inc(GTT)$?

Go to Tiger App to see more news

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?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970224331","repostId":"9970625917","repostType":1,"repost":{"id":9970625917,"gmtCreate":1684408077340,"gmtModify":1684412747027,"author":{"id":"3581730064782630","authorId":"3581730064782630","authorIdStr":"3581730064782630","name":"Ultrahisham","avatar":"https://community-static.tradeup.com/news/bab3e4284f4d91bbf2336426480f1c44","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581730064782630"},"themes":[],"htmlText":"Is Tesla a buy at these levels? 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Howe","images":[],"top":1,"highlighted":2,"essential":2,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970625917","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":217,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187110894,"gmtCreate":1623746061518,"gmtModify":1704210209499,"author":{"id":"3581891191147315","authorId":"3581891191147315","authorIdStr":"3581891191147315","name":"Allison07","avatar":"https://static.tigerbbs.com/ac59ac1f4613e49ec035c7ac51b5ef13","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581891191147315"},"themes":[],"htmlText":"Please comment&nbsp;","listText":"Please comment&nbsp;","text":"Please comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/187110894","repostId":"1175897310","repostType":4,"isVote":1,"tweetType":1,"viewCount":681,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185596802,"gmtCreate":1623658529906,"gmtModify":1704207983881,"author":{"id":"3581891191147315","authorId":"3581891191147315","authorIdStr":"3581891191147315","name":"Allison07","avatar":"https://static.tigerbbs.com/ac59ac1f4613e49ec035c7ac51b5ef13","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581891191147315"},"themes":[],"htmlText":"Please comment. Thank you","listText":"Please comment. Thank you","text":"Please comment. Thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/185596802","repostId":"1146430910","repostType":4,"isVote":1,"tweetType":1,"viewCount":328,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578034498568179","authorId":"3578034498568179","authorIdStr":"3578034498568179","name":"apoc88","avatar":"https://static.tigerbbs.com/0cbe284a199283afb366e9c81755375d","crmLevel":3,"crmLevelSwitch":0,"idStr":"3578034498568179"},"content":"reply pls","text":"reply pls","html":"reply pls"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185293681,"gmtCreate":1623650422843,"gmtModify":1704207839536,"author":{"id":"3581891191147315","authorId":"3581891191147315","authorIdStr":"3581891191147315","name":"Allison07","avatar":"https://static.tigerbbs.com/ac59ac1f4613e49ec035c7ac51b5ef13","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581891191147315"},"themes":[],"htmlText":"Any comments?","listText":"Any comments?","text":"Any comments?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/185293681","repostId":"1132051258","repostType":4,"isVote":1,"tweetType":1,"viewCount":417,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185299130,"gmtCreate":1623650361120,"gmtModify":1704207837748,"author":{"id":"3581891191147315","authorId":"3581891191147315","authorIdStr":"3581891191147315","name":"Allison07","avatar":"https://static.tigerbbs.com/ac59ac1f4613e49ec035c7ac51b5ef13","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581891191147315"},"themes":[],"htmlText":"Yes.. indeed. But good returns if going in and outof it at the right time ?","listText":"Yes.. indeed. But good returns if going in and outof it at the right time ?","text":"Yes.. indeed. But good returns if going in and outof it at the right time ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/185299130","repostId":"1165811803","repostType":4,"isVote":1,"tweetType":1,"viewCount":564,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182994946,"gmtCreate":1623549866185,"gmtModify":1704205830091,"author":{"id":"3581891191147315","authorId":"3581891191147315","authorIdStr":"3581891191147315","name":"Allison07","avatar":"https://static.tigerbbs.com/ac59ac1f4613e49ec035c7ac51b5ef13","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581891191147315"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/KOSS\">$Koss(KOSS)$</a>When is it going to ?","listText":"<a href=\"https://laohu8.com/S/KOSS\">$Koss(KOSS)$</a>When is it going to ?","text":"$Koss(KOSS)$When is it going to ?","images":[{"img":"https://static.tigerbbs.com/0b4130898d45b97fd1b6fdf777b66054","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/182994946","isVote":1,"tweetType":1,"viewCount":1075,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3566111551860327","authorId":"3566111551860327","authorIdStr":"3566111551860327","name":"Jo5tarz","avatar":"https://static.tigerbbs.com/8cdaa131f223c2f17b3669bce62cc05e","crmLevel":3,"crmLevelSwitch":1,"idStr":"3566111551860327"},"content":"Waiting for you on the moon!","text":"Waiting for you on the moon!","html":"Waiting for you on the moon!"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":182909483,"gmtCreate":1623549437742,"gmtModify":1704205807079,"author":{"id":"3581891191147315","authorId":"3581891191147315","authorIdStr":"3581891191147315","name":"Allison07","avatar":"https://static.tigerbbs.com/ac59ac1f4613e49ec035c7ac51b5ef13","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581891191147315"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/182909483","repostId":"1191179846","repostType":4,"isVote":1,"tweetType":1,"viewCount":366,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182070837,"gmtCreate":1623548973329,"gmtModify":1704205793094,"author":{"id":"3581891191147315","authorId":"3581891191147315","authorIdStr":"3581891191147315","name":"Allison07","avatar":"https://static.tigerbbs.com/ac59ac1f4613e49ec035c7ac51b5ef13","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581891191147315"},"themes":[],"htmlText":"Better for tomorrow?","listText":"Better for tomorrow?","text":"Better for tomorrow?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182070837","repostId":"2142024122","repostType":4,"isVote":1,"tweetType":1,"viewCount":329,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186875541,"gmtCreate":1623488229583,"gmtModify":1704204993150,"author":{"id":"3581891191147315","authorId":"3581891191147315","authorIdStr":"3581891191147315","name":"Allison07","avatar":"https://static.tigerbbs.com/ac59ac1f4613e49ec035c7ac51b5ef13","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581891191147315"},"themes":[],"htmlText":"[Grin]&nbsp;[Grin]&nbsp;","listText":"[Grin]&nbsp;[Grin]&nbsp;","text":"[Grin] [Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/186875541","repostId":"1147474880","repostType":4,"isVote":1,"tweetType":1,"viewCount":573,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186845038,"gmtCreate":1623487512024,"gmtModify":1704204979656,"author":{"id":"3581891191147315","authorId":"3581891191147315","authorIdStr":"3581891191147315","name":"Allison07","avatar":"https://static.tigerbbs.com/ac59ac1f4613e49ec035c7ac51b5ef13","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581891191147315"},"themes":[],"htmlText":"Buy!","listText":"Buy!","text":"Buy!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/186845038","repostId":"1133871419","repostType":4,"isVote":1,"tweetType":1,"viewCount":164,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186846893,"gmtCreate":1623487433812,"gmtModify":1704204976893,"author":{"id":"3581891191147315","authorId":"3581891191147315","authorIdStr":"3581891191147315","name":"Allison07","avatar":"https://static.tigerbbs.com/ac59ac1f4613e49ec035c7ac51b5ef13","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581891191147315"},"themes":[],"htmlText":"Great. Comment please","listText":"Great. Comment please","text":"Great. 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Please like and comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/180273351","repostId":"1171189195","repostType":4,"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182909483,"gmtCreate":1623549437742,"gmtModify":1704205807079,"author":{"id":"3581891191147315","authorId":"3581891191147315","authorIdStr":"3581891191147315","name":"Allison07","avatar":"https://static.tigerbbs.com/ac59ac1f4613e49ec035c7ac51b5ef13","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581891191147315"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/182909483","repostId":"1191179846","repostType":4,"isVote":1,"tweetType":1,"viewCount":366,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180256373,"gmtCreate":1623208040992,"gmtModify":1704198386890,"author":{"id":"3581891191147315","authorId":"3581891191147315","authorIdStr":"3581891191147315","name":"Allison07","avatar":"https://static.tigerbbs.com/ac59ac1f4613e49ec035c7ac51b5ef13","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581891191147315"},"themes":[],"htmlText":"Health Clover cheong-ing go or not?&nbsp;Please like and comment.","listText":"Health Clover cheong-ing go or not?&nbsp;Please like and comment.","text":"Health Clover cheong-ing go or not? Please like and comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/180256373","repostId":"1128909306","repostType":4,"isVote":1,"tweetType":1,"viewCount":251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":115630668,"gmtCreate":1622982861754,"gmtModify":1704194053492,"author":{"id":"3581891191147315","authorId":"3581891191147315","authorIdStr":"3581891191147315","name":"Allison07","avatar":"https://static.tigerbbs.com/ac59ac1f4613e49ec035c7ac51b5ef13","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581891191147315"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NAKD\">$Naked Brand(NAKD)$</a>???","listText":"<a href=\"https://laohu8.com/S/NAKD\">$Naked Brand(NAKD)$</a>???","text":"$Naked Brand(NAKD)$???","images":[{"img":"https://static.tigerbbs.com/f02aebe1eebff0de86d70ee06adad129","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/115630668","isVote":1,"tweetType":1,"viewCount":79,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":112700779,"gmtCreate":1622911988891,"gmtModify":1704193222809,"author":{"id":"3581891191147315","authorId":"3581891191147315","authorIdStr":"3581891191147315","name":"Allison07","avatar":"https://static.tigerbbs.com/ac59ac1f4613e49ec035c7ac51b5ef13","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581891191147315"},"themes":[],"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/112700779","repostId":"1162130057","repostType":4,"repost":{"id":"1162130057","pubTimestamp":1622862397,"share":"https://ttm.financial/m/news/1162130057?lang=&edition=fundamental","pubTime":"2021-06-05 11:06","market":"us","language":"en","title":"The S&P 500 would be below 1,600 without these 3 pillars and those supports are now weakening","url":"https://stock-news.laohu8.com/highlight/detail?id=1162130057","media":"MarketWatch","summary":"Investors may need to consider private equity to capture the returns that publicly traded stocks hav","content":"<p>Investors may need to consider private equity to capture the returns that publicly traded stocks have provided</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ab21eb0dc365f342dd26c49af9020305\" tg-width=\"1260\" tg-height=\"840\"><span>GETTY IMAGES</span></p>\n<p>Stock prices can’t indefinitely grow faster than the economy. This provides a crucial reality check for U.S. stock-market bulls, many of whom believe stocks can continue outperforming the U.S. economy in perpetuity. Over the past decade, for example, the S&amp;P 500SPX,+0.88%on an inflation-adjusted total-return basis has outperformed real U.S. GDP by an annualized margin of 11.9% to 2.0%.</p>\n<p>Going forward, it could be the other way around, according to an argument advanced some years ago by Robert Arnott, founder of&nbsp;Research Affiliates, and William Bernstein, co-principal at&nbsp;Efficient Frontier Advisors. They pointed out that a portion of economic growth is attributable to non-public companies, such as startups and the like — a category they refer to as “entrepreneurial capitalism.”</p>\n<p>By definition, economic growth that non-public companies generate will not show up in the stock market— which only reflects the performance of publicly traded corporations. Arnott and Bernstein estimate that share prices historically have grown about two annualized percentage points slower than the overall economy.</p>\n<p>Such slippage has dire implications for the U.S. stock market’s future return. But I want to first discuss why the stock market’s stunning performance over the past decade was not due to economic growth. Instead, the bulk of that performance was due to three factors:</p>\n<ul>\n <li>Valuation changes: The S&amp;P 500’s price/earnings ratio has doubled over the past decade.</li>\n <li>Increasing profit margins: The S&amp;P 500’s operating margin over the past four quarters has averaged nearly two percentage points higher than it was a decade ago, according to data from Howard Silverblatt, senior index analyst at S&amp;P Dow Jones Indices.</li>\n <li>Net buybacks: Over the past decade corporations have repurchased more shares than new shares they have issued. This has reduced the number of shares outstanding, and increased earnings per share.</li>\n</ul>\n<p>To appreciate the impact of these three factors, consider that the S&amp;P 500 now would trade below 1,600 if there had been no change at all over the past decade with each of these three dimensions. While the chance of such a perfect storm is so low that you might be inclined to dismiss it out of hand, Bernstein said in an interview that he wouldn’t discount the possibility.</p>\n<p><b>Projecting the future</b></p>\n<p>The picture this analysis paints about the U.S. stock market’s future isn’t pretty, assuming the U.S. economy grows at the same pace over the next decade as the last. In that case, the only way the market can produce annualized returns greater than the low single-digits is for the P/E ratio and profit margins to continue rising or for net buybacks to continue reducing the number of shares outstanding — or for some combination of these three factors to occur.</p>\n<p>More likely, these three tailwinds will become headwinds. P/E ratios&nbsp;already are at or near the high end of their historical distribution, and they can’t go up forever. Profit margins also are at or near record levels and,as I argued earlier this week, there are good reasons to expect those margins to decline in coming years. While it’s possible that buybacks will outpace share issuance in coming years, that’s hardly a sure bet. Over the past 12 months, for example, there have been negative net buybacks — i.e. more shares have been issued than repurchased. In fact, Arnott pointed out in an email, for most of U.S. stock market history net buybacks have been negative.</p>\n<p>One can also wonder if an even-greater share of economic growth in coming years will accrue to non-public equity. Andrew Karolyi, dean of Cornell University’s SC Johnson College of Business, said in an interview that private equity now plays a much bigger role than in the past. One possible future, he said, is that the growth of the public stock market lags that of the overall economy by an increasing amount.</p>\n<p>One measure of the declining economic importance of the public corporation is the decreasing number of publicly traded companies, as reflected in the chart below. This decline has been overlooked by many on Wall Street, given their focus on the red-hot IPO market. But, as Karolyi pointed out, even as more companies are coming to market, there have also been an increasing number of delistings.</p>\n<p><img src=\"https://static.tigerbbs.com/3de45fd68cb24b2bdf2791d1f6b9fac0\" tg-width=\"1260\" tg-height=\"922\"></p>\n<p>For example, according to Refinitiv, through the end of May 2021 there was more than $1.6 trillion in domestic M&amp;A activity, almost 50% higher than the previous calendar year that held the record for the most M&amp;A activity for the first five months. We need to focus on both IPOs and delistings, Karolyi argued, just as demographers can only analyze population trends by focusing on births and deaths.</p>\n<p>“The role of publicly traded corporations in the overall economy may be changing,” Karolyi said. Their possible life cycle paths are expanding to include many that don’t end in becoming publicly traded, for example, or waiting much longer before doing so. Given the abundant liquidity in the private equity market, he added, it may very well become the preferred exit strategy for many companies that previously would have gone public.</p>\n<p>The bottom line? The past decade was extraordinary for publicly traded U.S. stocks. Don’t expect that to continue indefinitely.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The S&P 500 would be below 1,600 without these 3 pillars and those supports are now weakening</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe S&P 500 would be below 1,600 without these 3 pillars and those supports are now weakening\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-05 11:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/the-s-p-500-would-be-below-1-600-without-these-3-pillars-and-those-supports-are-now-weakening-11622781972?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors may need to consider private equity to capture the returns that publicly traded stocks have provided\nGETTY IMAGES\nStock prices can’t indefinitely grow faster than the economy. This provides ...</p>\n\n<a href=\"https://www.marketwatch.com/story/the-s-p-500-would-be-below-1-600-without-these-3-pillars-and-those-supports-are-now-weakening-11622781972?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":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/the-s-p-500-would-be-below-1-600-without-these-3-pillars-and-those-supports-are-now-weakening-11622781972?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162130057","content_text":"Investors may need to consider private equity to capture the returns that publicly traded stocks have provided\nGETTY IMAGES\nStock prices can’t indefinitely grow faster than the economy. This provides a crucial reality check for U.S. stock-market bulls, many of whom believe stocks can continue outperforming the U.S. economy in perpetuity. Over the past decade, for example, the S&P 500SPX,+0.88%on an inflation-adjusted total-return basis has outperformed real U.S. GDP by an annualized margin of 11.9% to 2.0%.\nGoing forward, it could be the other way around, according to an argument advanced some years ago by Robert Arnott, founder of Research Affiliates, and William Bernstein, co-principal at Efficient Frontier Advisors. They pointed out that a portion of economic growth is attributable to non-public companies, such as startups and the like — a category they refer to as “entrepreneurial capitalism.”\nBy definition, economic growth that non-public companies generate will not show up in the stock market— which only reflects the performance of publicly traded corporations. Arnott and Bernstein estimate that share prices historically have grown about two annualized percentage points slower than the overall economy.\nSuch slippage has dire implications for the U.S. stock market’s future return. But I want to first discuss why the stock market’s stunning performance over the past decade was not due to economic growth. Instead, the bulk of that performance was due to three factors:\n\nValuation changes: The S&P 500’s price/earnings ratio has doubled over the past decade.\nIncreasing profit margins: The S&P 500’s operating margin over the past four quarters has averaged nearly two percentage points higher than it was a decade ago, according to data from Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.\nNet buybacks: Over the past decade corporations have repurchased more shares than new shares they have issued. This has reduced the number of shares outstanding, and increased earnings per share.\n\nTo appreciate the impact of these three factors, consider that the S&P 500 now would trade below 1,600 if there had been no change at all over the past decade with each of these three dimensions. While the chance of such a perfect storm is so low that you might be inclined to dismiss it out of hand, Bernstein said in an interview that he wouldn’t discount the possibility.\nProjecting the future\nThe picture this analysis paints about the U.S. stock market’s future isn’t pretty, assuming the U.S. economy grows at the same pace over the next decade as the last. In that case, the only way the market can produce annualized returns greater than the low single-digits is for the P/E ratio and profit margins to continue rising or for net buybacks to continue reducing the number of shares outstanding — or for some combination of these three factors to occur.\nMore likely, these three tailwinds will become headwinds. P/E ratios already are at or near the high end of their historical distribution, and they can’t go up forever. Profit margins also are at or near record levels and,as I argued earlier this week, there are good reasons to expect those margins to decline in coming years. While it’s possible that buybacks will outpace share issuance in coming years, that’s hardly a sure bet. Over the past 12 months, for example, there have been negative net buybacks — i.e. more shares have been issued than repurchased. In fact, Arnott pointed out in an email, for most of U.S. stock market history net buybacks have been negative.\nOne can also wonder if an even-greater share of economic growth in coming years will accrue to non-public equity. Andrew Karolyi, dean of Cornell University’s SC Johnson College of Business, said in an interview that private equity now plays a much bigger role than in the past. One possible future, he said, is that the growth of the public stock market lags that of the overall economy by an increasing amount.\nOne measure of the declining economic importance of the public corporation is the decreasing number of publicly traded companies, as reflected in the chart below. This decline has been overlooked by many on Wall Street, given their focus on the red-hot IPO market. But, as Karolyi pointed out, even as more companies are coming to market, there have also been an increasing number of delistings.\n\nFor example, according to Refinitiv, through the end of May 2021 there was more than $1.6 trillion in domestic M&A activity, almost 50% higher than the previous calendar year that held the record for the most M&A activity for the first five months. We need to focus on both IPOs and delistings, Karolyi argued, just as demographers can only analyze population trends by focusing on births and deaths.\n“The role of publicly traded corporations in the overall economy may be changing,” Karolyi said. Their possible life cycle paths are expanding to include many that don’t end in becoming publicly traded, for example, or waiting much longer before doing so. Given the abundant liquidity in the private equity market, he added, it may very well become the preferred exit strategy for many companies that previously would have gone public.\nThe bottom line? The past decade was extraordinary for publicly traded U.S. stocks. Don’t expect that to continue indefinitely.","news_type":1},"isVote":1,"tweetType":1,"viewCount":52,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112477053,"gmtCreate":1622911373972,"gmtModify":1704193220062,"author":{"id":"3581891191147315","authorId":"3581891191147315","authorIdStr":"3581891191147315","name":"Allison07","avatar":"https://static.tigerbbs.com/ac59ac1f4613e49ec035c7ac51b5ef13","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581891191147315"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/KOSS\">$Koss(KOSS)$</a>will wait..","listText":"<a href=\"https://laohu8.com/S/KOSS\">$Koss(KOSS)$</a>will wait..","text":"$Koss(KOSS)$will wait..","images":[{"img":"https://static.tigerbbs.com/9cfe13046977269dc65e5566f7b321a0","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/112477053","isVote":1,"tweetType":1,"viewCount":313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":180638293,"gmtCreate":1623201118812,"gmtModify":1704198174301,"author":{"id":"3581891191147315","authorId":"3581891191147315","authorIdStr":"3581891191147315","name":"Allison07","avatar":"https://static.tigerbbs.com/ac59ac1f4613e49ec035c7ac51b5ef13","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581891191147315"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GTT\">$GTT Communications Inc(GTT)$</a>?","listText":"<a href=\"https://laohu8.com/S/GTT\">$GTT Communications Inc(GTT)$</a>?","text":"$GTT Communications Inc(GTT)$?","images":[{"img":"https://static.tigerbbs.com/b3ea0df1963df8160e38cbbfddbf0b18","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/180638293","isVote":1,"tweetType":1,"viewCount":339,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3566111551860327","authorId":"3566111551860327","authorIdStr":"3566111551860327","name":"Jo5tarz","avatar":"https://static.tigerbbs.com/8cdaa131f223c2f17b3669bce62cc05e","crmLevel":3,"crmLevelSwitch":1,"idStr":"3566111551860327"},"content":"Just let go if don't look profitable and join us the! [LOL]","text":"Just let go if don't look profitable and join us the! [LOL]","html":"Just let go if don't look profitable and join us the! [LOL]"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":117146037,"gmtCreate":1623125740529,"gmtModify":1704196605797,"author":{"id":"3581891191147315","authorId":"3581891191147315","authorIdStr":"3581891191147315","name":"Allison07","avatar":"https://static.tigerbbs.com/ac59ac1f4613e49ec035c7ac51b5ef13","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581891191147315"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/KOSS\">$Koss(KOSS)$</a>Go go","listText":"<a href=\"https://laohu8.com/S/KOSS\">$Koss(KOSS)$</a>Go go","text":"$Koss(KOSS)$Go go","images":[{"img":"https://static.tigerbbs.com/a8ec7df11f790609c5478fb6df6f2673","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/117146037","isVote":1,"tweetType":1,"viewCount":232,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581248195467606","authorId":"3581248195467606","authorIdStr":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":2,"crmLevelSwitch":0,"idStr":"3581248195467606"},"content":"?, which will go up","text":"?, which will go up","html":"?, which will go up"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":183883676,"gmtCreate":1623321440895,"gmtModify":1704200829795,"author":{"id":"3581891191147315","authorId":"3581891191147315","authorIdStr":"3581891191147315","name":"Allison07","avatar":"https://static.tigerbbs.com/ac59ac1f4613e49ec035c7ac51b5ef13","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581891191147315"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/KOSS\">$Koss(KOSS)$</a>?‍♀️","listText":"<a href=\"https://laohu8.com/S/KOSS\">$Koss(KOSS)$</a>?‍♀️","text":"$Koss(KOSS)$?‍♀️","images":[{"img":"https://static.tigerbbs.com/9cfe13046977269dc65e5566f7b321a0","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/183883676","isVote":1,"tweetType":1,"viewCount":395,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":188943198,"gmtCreate":1623420238314,"gmtModify":1704203208012,"author":{"id":"3581891191147315","authorId":"3581891191147315","authorIdStr":"3581891191147315","name":"Allison07","avatar":"https://static.tigerbbs.com/ac59ac1f4613e49ec035c7ac51b5ef13","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581891191147315"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GTT\">$GTT Communications Inc(GTT)$</a>?","listText":"<a href=\"https://laohu8.com/S/GTT\">$GTT Communications Inc(GTT)$</a>?","text":"$GTT Communications Inc(GTT)$?","images":[{"img":"https://static.tigerbbs.com/f7b8bad08b6702f8a09d99fe40d74890","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/188943198","isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":117141850,"gmtCreate":1623125650970,"gmtModify":1704196603511,"author":{"id":"3581891191147315","authorId":"3581891191147315","authorIdStr":"3581891191147315","name":"Allison07","avatar":"https://static.tigerbbs.com/ac59ac1f4613e49ec035c7ac51b5ef13","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581891191147315"},"themes":[],"htmlText":"Hey please like and comment.&nbsp;","listText":"Hey please like and comment.&nbsp;","text":"Hey please like and comment.","images":[{"img":"https://static.tigerbbs.com/09d9c2d4af80f8c19761d620a26e3373","width":"1125","height":"3150"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/117141850","isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}