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cashzebra

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- cashzebracashzebra
  ·2023-08-14
  What is the outlook for Polestar in the short, medium and long term in respect to revenue, cost of sales, profit, marketshare, vehicle deliveries and competitive edge in the electric vehicle market @TigerGpt TigerGPT，your new investing superpower Click to learn more
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- cashzebracashzebra
  ·2021-04-07
  Interesting
  Top 10 Lessons of the Archegos Collapse
  We've also got a look at stocks for the chip shortage.
  Top 10 Lessons of the Archegos Collapse
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- cashzebracashzebra
  ·2021-04-07
  Tiger looks to be rebounding well
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- cashzebracashzebra
  ·2021-04-07
  $Blue Diamond Ventures, Inc.(BLDV)$looks like it may have found its floor
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- cashzebracashzebra
  ·2021-04-07
  Interesting
  Why Uranium Energy Just Crashed 10%
  Uranium Energy buys -- not mines -- uranium.
  Why Uranium Energy Just Crashed 10%
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- cashzebracashzebra
  ·2021-04-07
  Interesting read
  Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time
  No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management. Its reach and operating practices were
  Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time
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- cashzebracashzebra
  ·2020-12-22
  Interesting
  What bubble? Millionaires are getting positioned for a strong market in 2021
  If the stock market keeps it up, the rich will, indeed, be getting richer in 2021. According to the
  What bubble? Millionaires are getting positioned for a strong market in 2021
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is the outlook for Polestar in the short, medium and long term in respect to revenue, cost of sales, profit, marketshare, vehicle deliveries and competitive edge in the electric vehicle market&nbsp;<a href=\"https://ttm.financial/U/4141429963588842/\">@TigerGpt&nbsp;</a>TigerGPT，your new investing superpower&nbsp;<a href=\"https://www.tigerbrokers.com.sg/activity/market/2023/tigerGPT-promotion\">Click to learn more&nbsp;</a>","listText":"What is the outlook for Polestar in the short, medium and long term in respect to revenue, cost of sales, profit, marketshare, vehicle deliveries and competitive edge in the electric vehicle market&nbsp;<a href=\"https://ttm.financial/U/4141429963588842/\">@TigerGpt&nbsp;</a>TigerGPT，your new investing superpower&nbsp;<a href=\"https://www.tigerbrokers.com.sg/activity/market/2023/tigerGPT-promotion\">Click to learn more&nbsp;</a>","text":"What is the outlook for Polestar in the short, medium and long term in respect to revenue, cost of sales, profit, marketshare, vehicle deliveries and competitive edge in the electric vehicle market @TigerGpt TigerGPT，your new investing superpower Click to learn more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/208864761012352","isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4141429963588842","authorId":"4141429963588842","name":"TigerGPT","avatar":"https://community-static.tradeup.com/news/5b82af1deb17dfa8f94b4741b9ea2738","crmLevel":1,"crmLevelSwitch":0,"idStr":"4141429963588842","authorIdStr":"4141429963588842"},"content":"Based on the available information, it's difficult to provide a comprehensive outlook for Polestar in terms of revenue, cost of sales, profit, market share, vehicle deliveries, and competitive edge in the EV market for short, medium, and long-term periods. However, recent reports suggest that Polestar is experiencing significant growth in vehicle deliveries and has a strong product portfolio, which offers a diversified range of opportunities in the EV market, as well as other markets such as mobility, energy, connectivity, and health. Albemarle anticipates sales to be up by 40% to 55% over the previous year with healthy margins in 2023. Ford Motor also stated that the EV market is volatile, and the number of global entrants is increasing. The company also expects the pricing pressure to remain volatile until the winners and losers shake out. In summary, based on current news, Polestar is experiencing growth and recognition for its EV production. Reference articles：Polestar: Strong Delivery Growth In Q2, But Risks RemainPolestar Automotive Leaps Ahead in the EV Production RaceVolvo Car Expected to Post Higher 2Q Revenue -- Earnings Preview","text":"Based on the available information, it's difficult to provide a comprehensive outlook for Polestar in terms of revenue, cost of sales, profit, market share, vehicle deliveries, and competitive edge in the EV market for short, medium, and long-term periods. However, recent reports suggest that Polestar is experiencing significant growth in vehicle deliveries and has a strong product portfolio, which offers a diversified range of opportunities in the EV market, as well as other markets such as mobility, energy, connectivity, and health. Albemarle anticipates sales to be up by 40% to 55% over the previous year with healthy margins in 2023. Ford Motor also stated that the EV market is volatile, and the number of global entrants is increasing. The company also expects the pricing pressure to remain volatile until the winners and losers shake out. In summary, based on current news, Polestar is experiencing growth and recognition for its EV production. Reference articles：Polestar: Strong Delivery Growth In Q2, But Risks RemainPolestar Automotive Leaps Ahead in the EV Production RaceVolvo Car Expected to Post Higher 2Q Revenue -- Earnings Preview","html":"Based on the available information, it's difficult to provide a comprehensive outlook for Polestar in terms of revenue, cost of sales, profit, market share, vehicle deliveries, and competitive edge in the EV market for short, medium, and long-term periods. However, recent reports suggest that Polestar is experiencing significant growth in vehicle deliveries and has a strong product portfolio, which offers a diversified range of opportunities in the EV market, as well as other markets such as mobility, energy, connectivity, and health. Albemarle anticipates sales to be up by 40% to 55% over the previous year with healthy margins in 2023. Ford Motor also stated that the EV market is volatile, and the number of global entrants is increasing. The company also expects the pricing pressure to remain volatile until the winners and losers shake out. In summary, based on current news, Polestar is experiencing growth and recognition for its EV production. Reference articles：Polestar: Strong Delivery Growth In Q2, But Risks RemainPolestar Automotive Leaps Ahead in the EV Production RaceVolvo Car Expected to Post Higher 2Q Revenue -- Earnings Preview"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343570609,"gmtCreate":1617733553501,"gmtModify":1704702428832,"author":{"id":"3569776906063507","authorId":"3569776906063507","name":"cashzebra","avatar":"https://static.tigerbbs.com/93525f54a4c0a28d5c76684a242eac82","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569776906063507","authorIdStr":"3569776906063507"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343570609","repostId":"2125471851","repostType":4,"repost":{"id":"2125471851","kind":"highlight","pubTimestamp":1617721920,"share":"https://ttm.financial/m/news/2125471851?lang=&edition=fundamental","pubTime":"2021-04-06 23:12","market":"us","language":"en","title":"Top 10 Lessons of the Archegos Collapse","url":"https://stock-news.laohu8.com/highlight/detail?id=2125471851","media":"Chris Hill","summary":"We've also got a look at stocks for the chip shortage.","content":"<p>In this episode of <i>MarketFoolery</i>, host Chris Hill is joined by Motley Fool analyst Jason Moser to analyze the chip market and share why <b>Qorvo </b>(NASDAQ:QRVO), <b>Qualcomm </b>(NASDAQ:QCOM), and <b>Marvell Technology&nbsp;</b>(NASDAQ:MRVL) are on Jason's radar. Plus, they discuss Archegos Capital's margin call and the ripple effect (and lessons) for investors.</p><p>To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.</p><p><i>This video was recorded on March 29, 2021.</i></p><p><b>Chris Hill:</b> It's Monday, March 29th, welcome to the <i>MarketFoolery</i>. I'm Chris Hill, with me today, Jason Moser. Good to see you.</p><p><b>Jason Moser:</b> Good to see you. How was your weekend?</p><p><b>Hill:</b> My weekend was good.</p><p><b>Moser:</b> Yeah?</p><p><b>Hill:</b> My weekend was good, looking to ease into spring break here.</p><p><b>Moser:</b> Beautiful weather.</p><p><b>Hill:</b> We're going to talk about semiconductors. But we're going to start with, I don't know where to begin. This is a complicated story [laughs]. Let me start there. This is a complicated story and there are, I think, ripple effects for us as individual investors. Let's start with the context that over the last six months, shares of <b><a href=\"https://laohu8.com/S/DISCB\">Discovery Communications</a></b> (NASDAQ:DISCA) and <b>ViacomCBS&nbsp;</b>(NASDAQ:VIAC) have done quite well. They'd been bid up, I think they've roughly doubled over the last six months. Over the past week however, both of those stocks have been cut in half due to forced selling by the firm that had been buying it up. I will also add that today shares of <b>Credit Suisse</b> are down 15% because they said they face a highly significant and material hit to first quarter results, after an unspecified fund had defaulted on margin calls to Credit Suisse and other banks. This is a firm I'd never heard of until today. I think a lot of people had not heard of it until today. Archegos or Archegos Capital Management.</p><p><b>Moser:</b> I think it might be Archegos but anyway.</p><p><b>Hill:</b> Archegos, there you go. The third way, Archegos Capital Management. This is a family office and that's not a quaint term that is an official designation. Apparently, they'd just been amassing all of this stock and reportedly had ownership stakes of both Discovery and Viacom north of 10%. That was not disclosed because they did not have to disclose it. Now we've got two of the most exciting words in investing, and that's margin call [laughs]. There are a lot of different ways we could go with this. Start wherever you like.</p><p><b>Moser:</b> I mean, there are a lot of things at play here into your point. <b>Goldman Sachs</b>, <b><a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a></b>, <b>Deutsche Bank</b>, Credit Suisse. There are a number of banks that served as brokers. Let's go with Archegos. I may be wrong, but I'm just going to stick with that, at least to be consistent. That ultimately meant that they were the banks that processed trades and lent cash and securities to this fund. I think it was something, I mean, this was a highly leveraged fund. I think they were managing somewhere in the neighborhood of $10 billion or something like that, but had $30 billion worth of exposure due to short positions and in margin and whatnot. There are a lot of different ways we can go with this. Ultimately what I was thinking about this all morning, there's so much to unpeel here that I feel like it lent itself very well to a David Letterman style of top 10 list. You remember back in the day of the Letterman show, the top 10 list?</p><p><b>Hill:</b> Absolutely.</p><p><b>Moser:</b> Yeah, that is iconic. To me this is just a great opportunity for a David Letterman style top 10 list. Let's go ahead and jump into the top 10 lessons learned from the Archegos Capital's failure or demise. Lesson No. 10, leverage is dangerous. Lesson No. 9, learn to think for yourself. Lesson No. 8, if something doesn't look like it makes sense, maybe it doesn't. Lesson No. 7, sometimes the road less traveled, is less traveled for a reason. Lesson No. 6, hey Chris, guess what? Fundamentals actually matter. [laughs] Lesson No. 5, don't short, it's not worth it. Lesson No. 4, there are greater forces at play in the market that we'll never be fully or even partly privy to. Lesson No. 3, diversification matters, you should do it. Lesson No. 2, there are some things we just can't foresee and know as investors, it's always a leap of faith, but that is not the reason to invest, you simply have to go in with that context, with that assumption already in place. It's why we invest, the way we do. Lesson No. 1, from Archegos Capital's demise here. Chris, you ready? If someone gives you the chance to get in on the ground floor with Bill Hwang's next fund, maybe just take a pass. [laughs]</p><p><b>Hill:</b> Well done, sir.</p><p><b>Moser:</b> Well, thank you. I spent a few minutes putting that together and while that was a lot of fun, I really do feel like all of those lessons really do come into play here. It's interesting in regard to that idea, there are some things we just don't know and we can't really foresee. There's a lot of stuff going on, there are a lot of forces at play in the market that we just don't really have insight to. I think part of this is tied to the way some of these trades were set up via swaps. I think swaps gave Mr. Hwang some anonymity in this regard, which is why ultimately, those ownership stakes that you mentioned earlier, were I guess either never disclosed or they didn't have to be disclosed. I think he held those types of states in a number of different companies. Ultimately, like you said, shares of ViacomCBS, and Discovery a year today, going into after the close last Friday, they were up 161%, 157% respectively a year today. When you look at the fundamentals of those businesses, that is a very big head-scratcher. Now we're starting to really understand exactly what's been going on.</p><p><b>Hill:</b> For individual investors, it's totally reasonable to imagine a scenario where people look at the rise of streaming over the past year. We saw it with <b>Netflix</b>, we've certainly seen it with Disney+, and to varying degrees of success, HBO Max, Peacock, etc. You can imagine a scenario where individual investors look at <a href=\"https://laohu8.com/S/DISCK\">Discovery Communications</a>, ViacomCBS and say, ''Hey if I just want to bet on all the horses in this race, I'm going to buy some shares of each <a href=\"https://laohu8.com/S/AONE\">one</a> of these,'' and then in some cases they look at the rise of those last two stocks and think, ''Okay, maybe I'm late, but this thing appears to be doing nothing but go straight up.'' They bought it two weeks ago. Now they're sitting on significant losses as a result of that on paper. I did an interview last week, where the host of the show was asking me about everything that we've seen play out with Reddit and WallStreetBets and <b>GameStop</b> and that sort of thing. He asked me, do you think we're going to see some regulatory overhaul? I prefaced my answer by saying, I'm not a lawyer, but on the surface there, I'm not really seeing where the necessary changes need to be made. I could see it being made with this, because in this situation and I have to credit CNBC because I thought their coverage this morning was particularly informative in terms of laying the groundwork of what's really going on here and the family office designation.&nbsp;</p><p>This is essentially a private fund and when the Dodd-Frank law was passed, apparently, family offices heavily lobbied Congress not to include them in significant SEC registration and regulatory approvals and all that sort of thing. A big part of their argument was, look, these are family offices. These are private funds, these are conservatively managed and therefore they don't need to be a part of this. Well, now, you're looking at anywhere between 5,000 and 10,000 of these funds around the world managing in excess collectively of $6 trillion.</p><p><b>Moser:</b> Yeah.</p><p><b>Hill:</b> The ripple effect for individual investors is real. This is a situation where I could see this being revisited because it's not just mom-and-pop investors who bought shares of ViacomCBS, and Discovery Communications. I'm pretty sure the people at Credit Suisse are not happy about what's happening. We'll see where it goes from here. But for the moment anyway, the damage appears to have been contained.</p><p><b>Moser:</b> I think you're right. I think just like anything, you work within the rules that you're given and whether it's a game or whether it's taxes, or whether it is, in this case investing in the financial markets. I'd like to believe that this is probably just <a href=\"https://laohu8.com/S/AONE.U\">one</a> bad apple, but my suspicion is that given the number of funds out there with this designation, it's not the only one trying to use the rules to its advantage. That conservatively managed descriptor there is important because I think you could argue that this fund was not conservatively managed. Perhaps it was in Mr. Hwang's eye's. I think most of us would disagree. The question regarding swaps and anonymity. We live in an age now where information is available with the snap of a finger and I think that as time goes on, as technology continues to level the playing field for investors to me, it only makes sense that we see a trend toward more transparency as opposed to the other way around. But I reckon time will tell.</p><p><b>Hill:</b> Our email address is marketfoolery@fool.com. We got a question from Seth Thompson. He writes, 'As you might know, there's a serious shortage of semiconductors in the world right now. I've been researching <b>Nvidia</b>, <b><a href=\"https://laohu8.com/S/AMD\">AMD</a></b>, <b>Intel</b>, and a few other companies involved in the industry. But I would love to hear which companies you think have the best chance to deliver strong results during this time of extreme semiconductor demand, and do you think the current shortage will have any effect on the way the market moves over the next few quarters. I'll just take that second one first. Yes. [laughs] Yes. All you have to do is look at any news out of the automotive industry and how, crippled is probably too strong a word, but compromised, I think, is a good word to describe the automotive industry with the way that they do their supply chains. The ripple effect of the semiconductor shortage is really compromising automotives.</p><p><b>Moser:</b> Yeah. Much like the [laughs] traffic jam in the Suez Canal. This is a traffic jam of a different sort, but clearly, it's something that's having a material impact on a lot of businesses, a lot of markets. It's not going to be something that remedies itself anytime in the immediate near future. I'm glad you referred to the automotive market because I think that's one where a lot of people just don't even really give it a second thought. But if you think the way cars are today, you're going to see anywhere from upwards of 50 semiconductors in a vehicle these days. Think about that. These are just computers on wheels at this point, and so for one car to have that much exposure to technology, you can see what just any little crimp in supply could do. It just plays out in virtually everything we do now given this move toward everything in our lives being digital and tech-related, the market opportunities, and Internet of Things, 5G roll. There are just so many tailwinds in regard to technology and really the semiconductor industry is a crucial part of it. To see what's going on, it's understandable why it's happening, it's good to know that it is a temporary thing, it's not something that is going to last forever, but it is something that is going to be around for a little while longer. I like that the companies pointed out there by Louis, in Nvidia, in AMD, in Intel, I think they all provide some interesting and different looks. Nvidia being clearly named at the top of mind for its graphics capabilities, and then AMD, a stalwart of the industry that probably a lot of people haven't really thought about a whole heck of a lot lately, but they've got that acquisition for <b>Xilinx </b>that's getting ready to close. Intel making a big pivot.&nbsp;</p><p>That Foundry news, I think, was pretty fascinating and we'll have to wait and see how that ultimately plays out to see if that was a good decision or a bad one. I like those ideas. This is certainly something that I follow in the 5G service that I run here at work, so I enjoy it a lot. They're definitely a lot of companies that come into play here beyond just those Louis, and some to keep in mind, companies that I've enjoyed following, one of them is Qorvo. The ticker there is QRVO. But Qorvo, this is not all that it does, but it has a specific focus on ultrawideband technology or UWB, and that's basically short-range radio technology. It's used to move large quantities of digital data over short distances. It's known for delivering superior location accuracy, and security, and latency compared to other short-range technologies. It's not the only company that focuses on the UWB opportunity, but it is one member of a small club and they made an acquisition here a little while back, a company called Decawave, a $375 million acquisition to give them more presence in that space. Qorvo management on the most recent earnings call, they did make mention of the supply chain constraints. It's not something you can just remedy as an individual company, you have to just weather the storm, so to speak. It may keep a lid on growth here in the next couple of quarters but that growth will ultimately flow through.</p><p>They do have a big customer in <b>Apple</b>, but that oftentimes can be a very good thing, particularly as you've established that relationship over a long period of time. Qorvo, I think, is one to keep an eye on with a focus on that UWB technology. Another one that I feel like over the past five-plus years has really flown under a lot of radars, and for a good reason it's been pretty stagnant, thanks to saturation in the smartphone market, is Qualcomm. A name I'm sure probably everybody out there is familiar with at this point, but Qualcomm has just a tremendous business on both the chip side and its technology side. It's got a valuable IP portfolio and really generates a lot of operating income just over licensing the technology that it has in its portfolio, I think somewhere in the neighborhood of 140,000 plus patents in their IP portfolio that really give them just, it feels like, a presence in virtually every device that we own. Again, they absolutely made note of the shortage on their most recent call. Again, they see a very similar timeline to what was described by Qorvo.&nbsp;</p><p>Then, finally one that it's a sleeper I think for a lot of folks, and again, I think a lot of this has to do with the fact that it really hasn't grown over the last several years, and a lot of that is for the same reasons as something like a Qualcomm, but Marvell Technology. The ticker for Marvell is MRVL, and Qualcomm is QCOM. But Marvell Technology is a semiconductor company that focuses on high-performance data infrastructure products, and the markets it focuses on are automotive carrier, data center, and enterprise. For Marvell, they've been more or less stagnant over the last several years, but they've been investing all the way and I think that's been held against them a little bit here. When I say investing, I mean investments in R&amp;D have been around 35% of revenue on average each year since 2016, so that I think has crimped profitability for the business. But they have made a lot of investments in this 5G roll out and they are seeing a lot of demand for it now. Management did note on the most recent call this shortage and some of the reasons for it, understanding part of it is COVID-19, part of it as this just growing role of tech in our lives and whatnot. But from their perspective, Marvell keeps a pretty concentrated customer base, but they have seen with their customer base that this is going to be something where it's more delayed, those customers aren't able to go somewhere else, it's simply more or less a timing thing.&nbsp;</p><p>Then I think with Marvell, they've also got this acquisition of <a href=\"https://laohu8.com/S/IPHI\">Inphi</a>, which is getting ready to close as well. Inphi is a company that focuses on helping move that data within the data center and outside of the data center. I think that that acquisition of the Inphi is going to give them a nice little boost to that overall market opportunity that they pursue. To my mind, I think Marvell is actually a little bit of a coiled spring going on here. I wouldn't be surprised at all to see Marvell have a great upcoming five years here. But there's a few names in the space beyond what you mentioned there, Louis, I think it's a tremendous opportunity that we're going to watch play out here over the next several years and I'm going to enjoy following it.</p><p><b>Hill:</b> Thank you for reminding me. It was a great email. It was also a little confusing in the fact that up in the header it said his name was Seth and then he signed it Louis.</p><p><b>Moser:</b> [laughs] Oh, yeah.</p><p><b>Hill:</b> We're just going to go with both.</p><p><b>Moser:</b> I'm going with Louis because I didn't even hear Seth. I just saw Louis and I thought, \"Okay.\" But, yeah, [laughs] either one, thanks for the email either way. [laughs]</p><p><b>Hill:</b> That's happened a few times over the years.</p><p><b>Moser:</b> Sure. [laughs]</p><p><b>Hill:</b> It's like the pronunciation of Archegos.</p><p><b>Moser:</b> Yeah, exactly.</p><p><b>Hill:</b> I think I pronounced it three different ways, so hopefully one of those three is correct.</p><p><b>Moser:</b> It's whatever you want it to be, big guy, whatever you want it to be.</p><p><b>Hill:</b> Jason Moser, great job from you. Thanks for being here.</p><p><b>Moser:</b> Thanks, Hill.</p><p><b>Hill:</b> As always, people on the program may have interest in the stocks they talk about and The Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear. That's going to do it for this edition of <i>MarketFoolery</i>. This show is mixed by Dan Boyd. I'm Chris Hill, thanks for listening. See you tomorrow!</p>","source":"fool_stock","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>Top 10 Lessons of the Archegos Collapse</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\">\nTop 10 Lessons of the Archegos Collapse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-06 23:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/06/top-10-lessons-of-the-archegos-collapse/><strong>Chris Hill</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In this episode of MarketFoolery, host Chris Hill is joined by Motley Fool analyst Jason Moser to analyze the chip market and share why Qorvo (NASDAQ:QRVO), Qualcomm (NASDAQ:QCOM), and Marvell ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/06/top-10-lessons-of-the-archegos-collapse/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/04/06/top-10-lessons-of-the-archegos-collapse/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125471851","content_text":"In this episode of MarketFoolery, host Chris Hill is joined by Motley Fool analyst Jason Moser to analyze the chip market and share why Qorvo (NASDAQ:QRVO), Qualcomm (NASDAQ:QCOM), and Marvell Technology (NASDAQ:MRVL) are on Jason's radar. Plus, they discuss Archegos Capital's margin call and the ripple effect (and lessons) for investors.To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.This video was recorded on March 29, 2021.Chris Hill: It's Monday, March 29th, welcome to the MarketFoolery. I'm Chris Hill, with me today, Jason Moser. Good to see you.Jason Moser: Good to see you. How was your weekend?Hill: My weekend was good.Moser: Yeah?Hill: My weekend was good, looking to ease into spring break here.Moser: Beautiful weather.Hill: We're going to talk about semiconductors. But we're going to start with, I don't know where to begin. This is a complicated story [laughs]. Let me start there. This is a complicated story and there are, I think, ripple effects for us as individual investors. Let's start with the context that over the last six months, shares of Discovery Communications (NASDAQ:DISCA) and ViacomCBS (NASDAQ:VIAC) have done quite well. They'd been bid up, I think they've roughly doubled over the last six months. Over the past week however, both of those stocks have been cut in half due to forced selling by the firm that had been buying it up. I will also add that today shares of Credit Suisse are down 15% because they said they face a highly significant and material hit to first quarter results, after an unspecified fund had defaulted on margin calls to Credit Suisse and other banks. This is a firm I'd never heard of until today. I think a lot of people had not heard of it until today. Archegos or Archegos Capital Management.Moser: I think it might be Archegos but anyway.Hill: Archegos, there you go. The third way, Archegos Capital Management. This is a family office and that's not a quaint term that is an official designation. Apparently, they'd just been amassing all of this stock and reportedly had ownership stakes of both Discovery and Viacom north of 10%. That was not disclosed because they did not have to disclose it. Now we've got two of the most exciting words in investing, and that's margin call [laughs]. There are a lot of different ways we could go with this. Start wherever you like.Moser: I mean, there are a lot of things at play here into your point. Goldman Sachs, Morgan Stanley, Deutsche Bank, Credit Suisse. There are a number of banks that served as brokers. Let's go with Archegos. I may be wrong, but I'm just going to stick with that, at least to be consistent. That ultimately meant that they were the banks that processed trades and lent cash and securities to this fund. I think it was something, I mean, this was a highly leveraged fund. I think they were managing somewhere in the neighborhood of $10 billion or something like that, but had $30 billion worth of exposure due to short positions and in margin and whatnot. There are a lot of different ways we can go with this. Ultimately what I was thinking about this all morning, there's so much to unpeel here that I feel like it lent itself very well to a David Letterman style of top 10 list. You remember back in the day of the Letterman show, the top 10 list?Hill: Absolutely.Moser: Yeah, that is iconic. To me this is just a great opportunity for a David Letterman style top 10 list. Let's go ahead and jump into the top 10 lessons learned from the Archegos Capital's failure or demise. Lesson No. 10, leverage is dangerous. Lesson No. 9, learn to think for yourself. Lesson No. 8, if something doesn't look like it makes sense, maybe it doesn't. Lesson No. 7, sometimes the road less traveled, is less traveled for a reason. Lesson No. 6, hey Chris, guess what? Fundamentals actually matter. [laughs] Lesson No. 5, don't short, it's not worth it. Lesson No. 4, there are greater forces at play in the market that we'll never be fully or even partly privy to. Lesson No. 3, diversification matters, you should do it. Lesson No. 2, there are some things we just can't foresee and know as investors, it's always a leap of faith, but that is not the reason to invest, you simply have to go in with that context, with that assumption already in place. It's why we invest, the way we do. Lesson No. 1, from Archegos Capital's demise here. Chris, you ready? If someone gives you the chance to get in on the ground floor with Bill Hwang's next fund, maybe just take a pass. [laughs]Hill: Well done, sir.Moser: Well, thank you. I spent a few minutes putting that together and while that was a lot of fun, I really do feel like all of those lessons really do come into play here. It's interesting in regard to that idea, there are some things we just don't know and we can't really foresee. There's a lot of stuff going on, there are a lot of forces at play in the market that we just don't really have insight to. I think part of this is tied to the way some of these trades were set up via swaps. I think swaps gave Mr. Hwang some anonymity in this regard, which is why ultimately, those ownership stakes that you mentioned earlier, were I guess either never disclosed or they didn't have to be disclosed. I think he held those types of states in a number of different companies. Ultimately, like you said, shares of ViacomCBS, and Discovery a year today, going into after the close last Friday, they were up 161%, 157% respectively a year today. When you look at the fundamentals of those businesses, that is a very big head-scratcher. Now we're starting to really understand exactly what's been going on.Hill: For individual investors, it's totally reasonable to imagine a scenario where people look at the rise of streaming over the past year. We saw it with Netflix, we've certainly seen it with Disney+, and to varying degrees of success, HBO Max, Peacock, etc. You can imagine a scenario where individual investors look at Discovery Communications, ViacomCBS and say, ''Hey if I just want to bet on all the horses in this race, I'm going to buy some shares of each one of these,'' and then in some cases they look at the rise of those last two stocks and think, ''Okay, maybe I'm late, but this thing appears to be doing nothing but go straight up.'' They bought it two weeks ago. Now they're sitting on significant losses as a result of that on paper. I did an interview last week, where the host of the show was asking me about everything that we've seen play out with Reddit and WallStreetBets and GameStop and that sort of thing. He asked me, do you think we're going to see some regulatory overhaul? I prefaced my answer by saying, I'm not a lawyer, but on the surface there, I'm not really seeing where the necessary changes need to be made. I could see it being made with this, because in this situation and I have to credit CNBC because I thought their coverage this morning was particularly informative in terms of laying the groundwork of what's really going on here and the family office designation. This is essentially a private fund and when the Dodd-Frank law was passed, apparently, family offices heavily lobbied Congress not to include them in significant SEC registration and regulatory approvals and all that sort of thing. A big part of their argument was, look, these are family offices. These are private funds, these are conservatively managed and therefore they don't need to be a part of this. Well, now, you're looking at anywhere between 5,000 and 10,000 of these funds around the world managing in excess collectively of $6 trillion.Moser: Yeah.Hill: The ripple effect for individual investors is real. This is a situation where I could see this being revisited because it's not just mom-and-pop investors who bought shares of ViacomCBS, and Discovery Communications. I'm pretty sure the people at Credit Suisse are not happy about what's happening. We'll see where it goes from here. But for the moment anyway, the damage appears to have been contained.Moser: I think you're right. I think just like anything, you work within the rules that you're given and whether it's a game or whether it's taxes, or whether it is, in this case investing in the financial markets. I'd like to believe that this is probably just one bad apple, but my suspicion is that given the number of funds out there with this designation, it's not the only one trying to use the rules to its advantage. That conservatively managed descriptor there is important because I think you could argue that this fund was not conservatively managed. Perhaps it was in Mr. Hwang's eye's. I think most of us would disagree. The question regarding swaps and anonymity. We live in an age now where information is available with the snap of a finger and I think that as time goes on, as technology continues to level the playing field for investors to me, it only makes sense that we see a trend toward more transparency as opposed to the other way around. But I reckon time will tell.Hill: Our email address is marketfoolery@fool.com. We got a question from Seth Thompson. He writes, 'As you might know, there's a serious shortage of semiconductors in the world right now. I've been researching Nvidia, AMD, Intel, and a few other companies involved in the industry. But I would love to hear which companies you think have the best chance to deliver strong results during this time of extreme semiconductor demand, and do you think the current shortage will have any effect on the way the market moves over the next few quarters. I'll just take that second one first. Yes. [laughs] Yes. All you have to do is look at any news out of the automotive industry and how, crippled is probably too strong a word, but compromised, I think, is a good word to describe the automotive industry with the way that they do their supply chains. The ripple effect of the semiconductor shortage is really compromising automotives.Moser: Yeah. Much like the [laughs] traffic jam in the Suez Canal. This is a traffic jam of a different sort, but clearly, it's something that's having a material impact on a lot of businesses, a lot of markets. It's not going to be something that remedies itself anytime in the immediate near future. I'm glad you referred to the automotive market because I think that's one where a lot of people just don't even really give it a second thought. But if you think the way cars are today, you're going to see anywhere from upwards of 50 semiconductors in a vehicle these days. Think about that. These are just computers on wheels at this point, and so for one car to have that much exposure to technology, you can see what just any little crimp in supply could do. It just plays out in virtually everything we do now given this move toward everything in our lives being digital and tech-related, the market opportunities, and Internet of Things, 5G roll. There are just so many tailwinds in regard to technology and really the semiconductor industry is a crucial part of it. To see what's going on, it's understandable why it's happening, it's good to know that it is a temporary thing, it's not something that is going to last forever, but it is something that is going to be around for a little while longer. I like that the companies pointed out there by Louis, in Nvidia, in AMD, in Intel, I think they all provide some interesting and different looks. Nvidia being clearly named at the top of mind for its graphics capabilities, and then AMD, a stalwart of the industry that probably a lot of people haven't really thought about a whole heck of a lot lately, but they've got that acquisition for Xilinx that's getting ready to close. Intel making a big pivot. That Foundry news, I think, was pretty fascinating and we'll have to wait and see how that ultimately plays out to see if that was a good decision or a bad one. I like those ideas. This is certainly something that I follow in the 5G service that I run here at work, so I enjoy it a lot. They're definitely a lot of companies that come into play here beyond just those Louis, and some to keep in mind, companies that I've enjoyed following, one of them is Qorvo. The ticker there is QRVO. But Qorvo, this is not all that it does, but it has a specific focus on ultrawideband technology or UWB, and that's basically short-range radio technology. It's used to move large quantities of digital data over short distances. It's known for delivering superior location accuracy, and security, and latency compared to other short-range technologies. It's not the only company that focuses on the UWB opportunity, but it is one member of a small club and they made an acquisition here a little while back, a company called Decawave, a $375 million acquisition to give them more presence in that space. Qorvo management on the most recent earnings call, they did make mention of the supply chain constraints. It's not something you can just remedy as an individual company, you have to just weather the storm, so to speak. It may keep a lid on growth here in the next couple of quarters but that growth will ultimately flow through.They do have a big customer in Apple, but that oftentimes can be a very good thing, particularly as you've established that relationship over a long period of time. Qorvo, I think, is one to keep an eye on with a focus on that UWB technology. Another one that I feel like over the past five-plus years has really flown under a lot of radars, and for a good reason it's been pretty stagnant, thanks to saturation in the smartphone market, is Qualcomm. A name I'm sure probably everybody out there is familiar with at this point, but Qualcomm has just a tremendous business on both the chip side and its technology side. It's got a valuable IP portfolio and really generates a lot of operating income just over licensing the technology that it has in its portfolio, I think somewhere in the neighborhood of 140,000 plus patents in their IP portfolio that really give them just, it feels like, a presence in virtually every device that we own. Again, they absolutely made note of the shortage on their most recent call. Again, they see a very similar timeline to what was described by Qorvo. Then, finally one that it's a sleeper I think for a lot of folks, and again, I think a lot of this has to do with the fact that it really hasn't grown over the last several years, and a lot of that is for the same reasons as something like a Qualcomm, but Marvell Technology. The ticker for Marvell is MRVL, and Qualcomm is QCOM. But Marvell Technology is a semiconductor company that focuses on high-performance data infrastructure products, and the markets it focuses on are automotive carrier, data center, and enterprise. For Marvell, they've been more or less stagnant over the last several years, but they've been investing all the way and I think that's been held against them a little bit here. When I say investing, I mean investments in R&D have been around 35% of revenue on average each year since 2016, so that I think has crimped profitability for the business. But they have made a lot of investments in this 5G roll out and they are seeing a lot of demand for it now. Management did note on the most recent call this shortage and some of the reasons for it, understanding part of it is COVID-19, part of it as this just growing role of tech in our lives and whatnot. But from their perspective, Marvell keeps a pretty concentrated customer base, but they have seen with their customer base that this is going to be something where it's more delayed, those customers aren't able to go somewhere else, it's simply more or less a timing thing. Then I think with Marvell, they've also got this acquisition of Inphi, which is getting ready to close as well. Inphi is a company that focuses on helping move that data within the data center and outside of the data center. I think that that acquisition of the Inphi is going to give them a nice little boost to that overall market opportunity that they pursue. To my mind, I think Marvell is actually a little bit of a coiled spring going on here. I wouldn't be surprised at all to see Marvell have a great upcoming five years here. But there's a few names in the space beyond what you mentioned there, Louis, I think it's a tremendous opportunity that we're going to watch play out here over the next several years and I'm going to enjoy following it.Hill: Thank you for reminding me. It was a great email. It was also a little confusing in the fact that up in the header it said his name was Seth and then he signed it Louis.Moser: [laughs] Oh, yeah.Hill: We're just going to go with both.Moser: I'm going with Louis because I didn't even hear Seth. I just saw Louis and I thought, \"Okay.\" But, yeah, [laughs] either one, thanks for the email either way. [laughs]Hill: That's happened a few times over the years.Moser: Sure. [laughs]Hill: It's like the pronunciation of Archegos.Moser: Yeah, exactly.Hill: I think I pronounced it three different ways, so hopefully one of those three is correct.Moser: It's whatever you want it to be, big guy, whatever you want it to be.Hill: Jason Moser, great job from you. Thanks for being here.Moser: Thanks, Hill.Hill: As always, people on the program may have interest in the stocks they talk about and The Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear. That's going to do it for this edition of MarketFoolery. This show is mixed by Dan Boyd. I'm Chris Hill, thanks for listening. See you tomorrow!","news_type":1},"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343570972,"gmtCreate":1617733523296,"gmtModify":1704702428183,"author":{"id":"3569776906063507","authorId":"3569776906063507","name":"cashzebra","avatar":"https://static.tigerbbs.com/93525f54a4c0a28d5c76684a242eac82","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569776906063507","authorIdStr":"3569776906063507"},"themes":[],"htmlText":"Tiger looks to be rebounding well&nbsp;","listText":"Tiger looks to be rebounding well&nbsp;","text":"Tiger looks to be rebounding well","images":[{"img":"https://static.tigerbbs.com/715156d4fe4ac4c43c8113200672c1d2","width":"1125","height":"3776"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343570972","isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":343547187,"gmtCreate":1617733169849,"gmtModify":1704702427215,"author":{"id":"3569776906063507","authorId":"3569776906063507","name":"cashzebra","avatar":"https://static.tigerbbs.com/93525f54a4c0a28d5c76684a242eac82","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569776906063507","authorIdStr":"3569776906063507"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BLDV\">$Blue Diamond Ventures, Inc.(BLDV)$</a>looks like it may have found its floor&nbsp;","listText":"<a href=\"https://laohu8.com/S/BLDV\">$Blue Diamond Ventures, Inc.(BLDV)$</a>looks like it may have found its floor&nbsp;","text":"$Blue Diamond Ventures, Inc.(BLDV)$looks like it may have found its floor","images":[{"img":"https://static.tigerbbs.com/fc2a4d089e663d9878bc196dd11037e7","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343547187","isVote":1,"tweetType":1,"viewCount":102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":343547042,"gmtCreate":1617733093686,"gmtModify":1704702426891,"author":{"id":"3569776906063507","authorId":"3569776906063507","name":"cashzebra","avatar":"https://static.tigerbbs.com/93525f54a4c0a28d5c76684a242eac82","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569776906063507","authorIdStr":"3569776906063507"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343547042","repostId":"2125071898","repostType":4,"repost":{"id":"2125071898","kind":"highlight","pubTimestamp":1617722940,"share":"https://ttm.financial/m/news/2125071898?lang=&edition=fundamental","pubTime":"2021-04-06 23:29","market":"us","language":"en","title":"Why Uranium Energy Just Crashed 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2125071898","media":"Rich Smith","summary":"Uranium Energy buys -- not mines -- uranium.","content":"<h2>What happened</h2><p><b>Uranium Energy </b>(NYSEMKT:UEC) describes itself as a U.S.-based uranium mining and exploration company. In a market where uranium prices are soaring, and expected to go up another 67% over the next three years, that sounds like a good business to be in. &nbsp;</p><p>But Uranium Energy stock is going down today, falling 9.8% through 10:50 a.m. EDT. Why is that?</p><p>Image source: Getty Images.</p><h2>So what</h2><p>The problem, it seems, is that Uranium Energy's business is supposed to be mining uranium and selling it at the high prices noted above. But lately, Uranium Energy has been doing a whole lot more buying of uranium than mining and selling the stuff.</p><p>Last month, Uranium Energy announced plans to acquire some 1.2 million pounds of U3O8 \"yellowcake\" uranium oxide. Today, the company said it has contracted to buy 705,000 <i>more </i>pounds of the stuff. Combined with other contracts recently announced, the company says it's now positioned to acquire more than 2.1 million pounds of U3O8 for an average price of $30 per pound.</p><h2>Now what</h2><p>To help finance these massive purchases of uranium, Uranium Energy also announced today that it is selling another 3.6 million shares of stock for $3.30 apiece. On the <a href=\"https://laohu8.com/S/AONE\">one</a> hand, that's a share price 7% below where Uranium Energy stock closed yesterday -- <a href=\"https://laohu8.com/S/AONE.U\">one</a> good reason for the stock to sell off.</p><p>A second reason though, I suspect, is that investors may be wondering why this uranium \"miner\" is spending so much of its time and energy buying uranium instead of digging up its own and selling it.</p><p>That's a good question to ask.</p>","source":"fool_stock","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 Uranium Energy Just Crashed 10%</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 Uranium Energy Just Crashed 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-06 23:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/06/why-uranium-energy-corp-just-crashed-10/><strong>Rich Smith</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What happenedUranium Energy (NYSEMKT:UEC) describes itself as a U.S.-based uranium mining and exploration company. In a market where uranium prices are soaring, and expected to go up another 67% over ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/06/why-uranium-energy-corp-just-crashed-10/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/04/06/why-uranium-energy-corp-just-crashed-10/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125071898","content_text":"What happenedUranium Energy (NYSEMKT:UEC) describes itself as a U.S.-based uranium mining and exploration company. In a market where uranium prices are soaring, and expected to go up another 67% over the next three years, that sounds like a good business to be in.  But Uranium Energy stock is going down today, falling 9.8% through 10:50 a.m. EDT. Why is that?Image source: Getty Images.So whatThe problem, it seems, is that Uranium Energy's business is supposed to be mining uranium and selling it at the high prices noted above. But lately, Uranium Energy has been doing a whole lot more buying of uranium than mining and selling the stuff.Last month, Uranium Energy announced plans to acquire some 1.2 million pounds of U3O8 \"yellowcake\" uranium oxide. Today, the company said it has contracted to buy 705,000 more pounds of the stuff. Combined with other contracts recently announced, the company says it's now positioned to acquire more than 2.1 million pounds of U3O8 for an average price of $30 per pound.Now whatTo help finance these massive purchases of uranium, Uranium Energy also announced today that it is selling another 3.6 million shares of stock for $3.30 apiece. On the one hand, that's a share price 7% below where Uranium Energy stock closed yesterday -- one good reason for the stock to sell off.A second reason though, I suspect, is that investors may be wondering why this uranium \"miner\" is spending so much of its time and energy buying uranium instead of digging up its own and selling it.That's a good question to ask.","news_type":1},"isVote":1,"tweetType":1,"viewCount":20,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343544735,"gmtCreate":1617733047227,"gmtModify":1704702426568,"author":{"id":"3569776906063507","authorId":"3569776906063507","name":"cashzebra","avatar":"https://static.tigerbbs.com/93525f54a4c0a28d5c76684a242eac82","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569776906063507","authorIdStr":"3569776906063507"},"themes":[],"htmlText":"Interesting read&nbsp;","listText":"Interesting read&nbsp;","text":"Interesting read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343544735","repostId":"1101907559","repostType":4,"repost":{"id":"1101907559","kind":"news","pubTimestamp":1617672655,"share":"https://ttm.financial/m/news/1101907559?lang=&edition=fundamental","pubTime":"2021-04-06 09:30","market":"us","language":"en","title":"Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time","url":"https://stock-news.laohu8.com/highlight/detail?id=1101907559","media":"marketwatch","summary":"No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management. Its reach and operating practices were","content":"<blockquote>\n <b>No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.</b>\n</blockquote>\n<p>Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.</p>\n<p>In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.</p>\n<p>Exactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.</p>\n<p>The trend? Every 10 years or so, and they all look different.&nbsp;Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?</p>\n<p>A family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.</p>\n<p><b>Unregulated money managers</b></p>\n<p>Here’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)</p>\n<p>This appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player&nbsp;Vipshop Holdings&nbsp;Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company&nbsp;GSX Techedu&nbsp;Inc.GSX,-10.63%and U.S. media companiesViacomCBS&nbsp;Inc.VIAC,-3.90%and&nbsp;Discovery&nbsp;Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.</p>\n<p>The problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including&nbsp;Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%,&nbsp;Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc.&nbsp;NMR,+1.87%.</p>\n<p>But since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre&nbsp;reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.</p>\n<p><b>Danger of counterparty risk</b></p>\n<p>This is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.</p>\n<p>So is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.</p>\n<p>One peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.</p>\n<p>But federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.</p>\n<p><b>Yellen on the case</b></p>\n<p>This issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”</p>\n<p>Most financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.</p>\n<p>The Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?</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>Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time</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\">\nOpinion: Financial crises get triggered about every 10 years — Archegos might be right on time\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-06 09:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.\n\nFinancial crises are never quite the same. During the late 1980s, nearly a third of ...</p>\n\n<a href=\"https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?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":{"SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101907559","content_text":"No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.\n\nFinancial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.\nIn 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.\nExactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.\nThe trend? Every 10 years or so, and they all look different. Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?\nA family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.\nUnregulated money managers\nHere’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)\nThis appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player Vipshop Holdings Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company GSX Techedu Inc.GSX,-10.63%and U.S. media companiesViacomCBS Inc.VIAC,-3.90%and Discovery Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.\nThe problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%, Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc. NMR,+1.87%.\nBut since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.\nDanger of counterparty risk\nThis is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.\nSo is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.\nOne peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.\nBut federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.\nYellen on the case\nThis issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”\nMost financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.\nThe Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?","news_type":1},"isVote":1,"tweetType":1,"viewCount":70,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":330543439,"gmtCreate":1608651400721,"gmtModify":1704975785581,"author":{"id":"3569776906063507","authorId":"3569776906063507","name":"cashzebra","avatar":"https://static.tigerbbs.com/93525f54a4c0a28d5c76684a242eac82","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569776906063507","authorIdStr":"3569776906063507"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/330543439","repostId":"1146841582","repostType":4,"repost":{"id":"1146841582","kind":"news","pubTimestamp":1608634585,"share":"https://ttm.financial/m/news/1146841582?lang=&edition=fundamental","pubTime":"2020-12-22 18:56","market":"us","language":"en","title":"What bubble? Millionaires are getting positioned for a strong market in 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1146841582","media":"MarketWatch","summary":"If the stock market keeps it up, the rich will, indeed, be getting richer in 2021.\nAccording to the ","content":"<p>If the stock market keeps it up, the rich will, indeed, be getting richer in 2021.</p>\n<p>According to the&nbsp;CNBC Millionaire Survey, 70% of households with at least $1 million in investable assets are looking for the S&amp;P 500 to rally at least 5% in the coming year. Almost a third expected double-digit gains. That would be on top of a year that has already seen a rally of almost 14%.</p>\n<p>With that in mind, most of the 750 millionaires polled will be adding to their equity portfolios in the months ahead. Only 9% plan to cut back on stocks.</p>\n<p>George Walper, president of Spectrem Group, the company that conducted the survey, said he had expected to see more of them making plans to get out of the market.</p>\n<p>“They have clearly adjusted to the volatility,”he told CNBC.</p>\n<p>In total, half of the gilded set expect their personal wealth will increase next year, while another 40% are expecting it to remain the same. “Given all that’s going on around us, they are optimistic,” Walper said. “It’s the vaccine and the hope for a reopening.”</p>\n<p>Thebull case took a bit of a hit on Monday, though the Dow Jones Industrial AverageDJIA,+0.12%managed to claw back from triple-digit losses earlier in the session. The S&amp;P 500SPX,-0.39%and Nasdaq CompositeCOMP,-0.10%remained lower.</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>What bubble? Millionaires are getting positioned for a strong market in 2021</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\">\nWhat bubble? Millionaires are getting positioned for a strong market in 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2020-12-22 18:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/what-bubble-millionaires-are-getting-positioned-for-a-strong-stock-market-in-2021-11608573561?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If the stock market keeps it up, the rich will, indeed, be getting richer in 2021.\nAccording to the CNBC Millionaire Survey, 70% of households with at least $1 million in investable assets are looking...</p>\n\n<a href=\"https://www.marketwatch.com/story/what-bubble-millionaires-are-getting-positioned-for-a-strong-stock-market-in-2021-11608573561?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"},"source_url":"https://www.marketwatch.com/story/what-bubble-millionaires-are-getting-positioned-for-a-strong-stock-market-in-2021-11608573561?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1146841582","content_text":"If the stock market keeps it up, the rich will, indeed, be getting richer in 2021.\nAccording to the CNBC Millionaire Survey, 70% of households with at least $1 million in investable assets are looking for the S&P 500 to rally at least 5% in the coming year. Almost a third expected double-digit gains. That would be on top of a year that has already seen a rally of almost 14%.\nWith that in mind, most of the 750 millionaires polled will be adding to their equity portfolios in the months ahead. Only 9% plan to cut back on stocks.\nGeorge Walper, president of Spectrem Group, the company that conducted the survey, said he had expected to see more of them making plans to get out of the market.\n“They have clearly adjusted to the volatility,”he told CNBC.\nIn total, half of the gilded set expect their personal wealth will increase next year, while another 40% are expecting it to remain the same. “Given all that’s going on around us, they are optimistic,” Walper said. “It’s the vaccine and the hope for a reopening.”\nThebull case took a bit of a hit on Monday, though the Dow Jones Industrial AverageDJIA,+0.12%managed to claw back from triple-digit losses earlier in the session. The S&P 500SPX,-0.39%and Nasdaq CompositeCOMP,-0.10%remained lower.","news_type":1},"isVote":1,"tweetType":1,"viewCount":115,"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}],"defaultTab":"following","isTTM":true}