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- zRuizRui
  ·2021-02-12
  Gogogo
  Who owns bitcoin? Roughly 80% are held by long-term investors: report
  MW UPDATE: Who owns bitcoin? Roughly 80% are held by long-term investors: report By Mark DeCambre Bi
  Who owns bitcoin? Roughly 80% are held by long-term investors: report
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- zRuizRui
  ·2021-02-12
  ??
  GLOBAL MARKETS-Asia stocks pause at peaks, sustained by stimulus promise
  * Asian stock markets : * Markets mostly flat amid multiple holidays * Asia shares ex-Japan already
  GLOBAL MARKETS-Asia stocks pause at peaks, sustained by stimulus promise
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- zRuizRui
  ·2021-02-08
  ??
  The GameStop Phenomenon Is Hardly New
  In 1923, the supermarket company—which still does businessin the South and Midwest—was at the center
  The GameStop Phenomenon Is Hardly New
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Roughly 80% are held by long-term investors: report","url":"https://stock-news.laohu8.com/highlight/detail?id=2110046043","media":"Dow Jones","summary":"MW UPDATE: Who owns bitcoin? Roughly 80% are held by long-term investors: report\nBy Mark DeCambre\nBi","content":"<p>MW UPDATE: Who owns bitcoin? Roughly 80% are held by long-term investors: report</p>\n<p>By Mark DeCambre</p>\n<p>Bitcoin prices have been scaling new heights recently, and the basic dynamic of tighter supply and increased demand has underpinned that climb, according to a report compiled by London-based crypto custodian Copper.co.</p>\n<p>Copper made the case that the recent price ascent is a function of steadily rising demand for bitcoins and the growing scarcity of the asset that has a maximum supply of 21 million, which is projected to be hit by 2140. The researcher also said that the most of the interest in new bitcoins is coming from North America, and the U.S. in particular.</p>\n<p>Approximately, 18.625 million bitcoins have been created, or digitally mined in the parlance of cryptocurrency enthusiasts, according to CoinMarketCap.com, but a good chunk of that has been lost, wrote the folks at Copper.</p>\n<p>By their estimates, 56% of bitcoins are owned by investors, 18% are lost, 15% are held by so-called traders and the remainder has yet to be mined (see attached chart):</p>\n<p>Copper said that because the majority of investors are long-term owners, representing eight out of 10 holders of the cryptocurrency, rising appetite for the world's most popular digital asset can have an outsize effect on values.</p>\n<p>The researchers said that bitcoin's rise above $40,000 was already in play even before Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> made its surprise filing with regulators on Monday, declaring its investment of $1.5 billion in bitcoin , and its decision to eventually allow customers to purchase its products with bitcoin.</p>\n<p>\"Data shows that new investors pushed prices much higher in thelast six months of 2020, to acquire north of 2 [million] bitcoins,\" wrote Copper's researchers in the study.</p>\n<p>\"In order to be able to buy bitcoin in such deep quantities, the price ralliedwell above the $20,000 mark that helped persuade early investorsto sell their cryptocurrency above its previous all-time high,\" they said.</p>\n<p>The crypto market is reliant on a new supply of some 3.2 million bitcoins on exchanges and held by traders, according to the report.</p>\n<p>The study also found that investors who have been owners of at least 1,000 bitcoins for about three month increased their holdings in 2020 by 173%.</p>\n<p>That rising demand, combined with that constrained supply, helped to lift bitcoin values to a total market value of around $800 billion, and Copper said that the main driver of demand has been North American buyers taking supply from Asian miners.</p>\n<p>\"The price increase is a result of a demand and liquidity-crunch marriage thathappened early in 2020 when outflows from exchanges--that is,bitcoins being moved into self-custody--increased significantly,\" the company's research found.</p>\n<p>Copper also made an interesting finding, noting that nearly a third of bitcoin trading volume occurs during the period when the New York Stock Exchange is open and investors should be focused on trading in the Dow Jones Industrial Average and the S&amp;P 500 index .</p>\n<p>That so much of trading in bitcoin occurs during stock-market hours, between 9:30 a.m. and 4 p.m. Eastern, may explain why S&amp;P 500 moves are seen at times as correlated with bitcoin prices, Copper wrote.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Who owns bitcoin? Roughly 80% are held by long-term investors: report</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\">\nWho owns bitcoin? Roughly 80% are held by long-term investors: report\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-02-11 09:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>MW UPDATE: Who owns bitcoin? Roughly 80% are held by long-term investors: report</p>\n<p>By Mark DeCambre</p>\n<p>Bitcoin prices have been scaling new heights recently, and the basic dynamic of tighter supply and increased demand has underpinned that climb, according to a report compiled by London-based crypto custodian Copper.co.</p>\n<p>Copper made the case that the recent price ascent is a function of steadily rising demand for bitcoins and the growing scarcity of the asset that has a maximum supply of 21 million, which is projected to be hit by 2140. The researcher also said that the most of the interest in new bitcoins is coming from North America, and the U.S. in particular.</p>\n<p>Approximately, 18.625 million bitcoins have been created, or digitally mined in the parlance of cryptocurrency enthusiasts, according to CoinMarketCap.com, but a good chunk of that has been lost, wrote the folks at Copper.</p>\n<p>By their estimates, 56% of bitcoins are owned by investors, 18% are lost, 15% are held by so-called traders and the remainder has yet to be mined (see attached chart):</p>\n<p>Copper said that because the majority of investors are long-term owners, representing eight out of 10 holders of the cryptocurrency, rising appetite for the world's most popular digital asset can have an outsize effect on values.</p>\n<p>The researchers said that bitcoin's rise above $40,000 was already in play even before Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> made its surprise filing with regulators on Monday, declaring its investment of $1.5 billion in bitcoin , and its decision to eventually allow customers to purchase its products with bitcoin.</p>\n<p>\"Data shows that new investors pushed prices much higher in thelast six months of 2020, to acquire north of 2 [million] bitcoins,\" wrote Copper's researchers in the study.</p>\n<p>\"In order to be able to buy bitcoin in such deep quantities, the price ralliedwell above the $20,000 mark that helped persuade early investorsto sell their cryptocurrency above its previous all-time high,\" they said.</p>\n<p>The crypto market is reliant on a new supply of some 3.2 million bitcoins on exchanges and held by traders, according to the report.</p>\n<p>The study also found that investors who have been owners of at least 1,000 bitcoins for about three month increased their holdings in 2020 by 173%.</p>\n<p>That rising demand, combined with that constrained supply, helped to lift bitcoin values to a total market value of around $800 billion, and Copper said that the main driver of demand has been North American buyers taking supply from Asian miners.</p>\n<p>\"The price increase is a result of a demand and liquidity-crunch marriage thathappened early in 2020 when outflows from exchanges--that is,bitcoins being moved into self-custody--increased significantly,\" the company's research found.</p>\n<p>Copper also made an interesting finding, noting that nearly a third of bitcoin trading volume occurs during the period when the New York Stock Exchange is open and investors should be focused on trading in the Dow Jones Industrial Average and the S&amp;P 500 index .</p>\n<p>That so much of trading in bitcoin occurs during stock-market hours, between 9:30 a.m. and 4 p.m. Eastern, may explain why S&amp;P 500 moves are seen at times as correlated with bitcoin prices, Copper wrote.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2110046043","content_text":"MW UPDATE: Who owns bitcoin? Roughly 80% are held by long-term investors: report\nBy Mark DeCambre\nBitcoin prices have been scaling new heights recently, and the basic dynamic of tighter supply and increased demand has underpinned that climb, according to a report compiled by London-based crypto custodian Copper.co.\nCopper made the case that the recent price ascent is a function of steadily rising demand for bitcoins and the growing scarcity of the asset that has a maximum supply of 21 million, which is projected to be hit by 2140. The researcher also said that the most of the interest in new bitcoins is coming from North America, and the U.S. in particular.\nApproximately, 18.625 million bitcoins have been created, or digitally mined in the parlance of cryptocurrency enthusiasts, according to CoinMarketCap.com, but a good chunk of that has been lost, wrote the folks at Copper.\nBy their estimates, 56% of bitcoins are owned by investors, 18% are lost, 15% are held by so-called traders and the remainder has yet to be mined (see attached chart):\nCopper said that because the majority of investors are long-term owners, representing eight out of 10 holders of the cryptocurrency, rising appetite for the world's most popular digital asset can have an outsize effect on values.\nThe researchers said that bitcoin's rise above $40,000 was already in play even before Tesla Inc. $(TSLA)$ made its surprise filing with regulators on Monday, declaring its investment of $1.5 billion in bitcoin , and its decision to eventually allow customers to purchase its products with bitcoin.\n\"Data shows that new investors pushed prices much higher in thelast six months of 2020, to acquire north of 2 [million] bitcoins,\" wrote Copper's researchers in the study.\n\"In order to be able to buy bitcoin in such deep quantities, the price ralliedwell above the $20,000 mark that helped persuade early investorsto sell their cryptocurrency above its previous all-time high,\" they said.\nThe crypto market is reliant on a new supply of some 3.2 million bitcoins on exchanges and held by traders, according to the report.\nThe study also found that investors who have been owners of at least 1,000 bitcoins for about three month increased their holdings in 2020 by 173%.\nThat rising demand, combined with that constrained supply, helped to lift bitcoin values to a total market value of around $800 billion, and Copper said that the main driver of demand has been North American buyers taking supply from Asian miners.\n\"The price increase is a result of a demand and liquidity-crunch marriage thathappened early in 2020 when outflows from exchanges--that is,bitcoins being moved into self-custody--increased significantly,\" the company's research found.\nCopper also made an interesting finding, noting that nearly a third of bitcoin trading volume occurs during the period when the New York Stock Exchange is open and investors should be focused on trading in the Dow Jones Industrial Average and the S&P 500 index .\nThat so much of trading in bitcoin occurs during stock-market hours, between 9:30 a.m. and 4 p.m. Eastern, may explain why S&P 500 moves are seen at times as correlated with bitcoin prices, Copper wrote.","news_type":1},"isVote":1,"tweetType":1,"viewCount":317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":388766781,"gmtCreate":1613098448143,"gmtModify":1704878395151,"author":{"id":"3573097882054184","authorId":"3573097882054184","name":"zRui","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573097882054184","authorIdStr":"3573097882054184"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/388766781","repostId":"2110049375","repostType":4,"repost":{"id":"2110049375","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1613009720,"share":"https://ttm.financial/m/news/2110049375?lang=&edition=fundamental","pubTime":"2021-02-11 10:15","market":"us","language":"en","title":"GLOBAL MARKETS-Asia stocks pause at peaks, sustained by stimulus promise","url":"https://stock-news.laohu8.com/highlight/detail?id=2110049375","media":"Reuters","summary":"* Asian stock markets :\n* Markets mostly flat amid multiple holidays\n* Asia shares ex-Japan already ","content":"<p>* Asian stock markets :</p>\n<p>* Markets mostly flat amid multiple holidays</p>\n<p>* Asia shares ex-Japan already up 10% this year</p>\n<p>* Treasuries rally on surprisingly soft CPI, dovish Powell</p>\n<p>* Oil eases after longest winning streak in two years</p>\n<p>By Wayne Cole and David Henry</p>\n<p>SYDNEY, Feb 11 (Reuters) - Asian shares rested at record highs on Thursday as investors digested recent meaty gains, though the promise of endless free money to sustain buying was reaffirmed by benign U.S. inflation data and a very dovish outlook from the Federal Reserve.</p>\n<p>Adding to the torpor was a lack of liquidity as markets in China, Japan, South Korea and Taiwan were all on holiday.</p>\n<p>MSCI's broadest index of Asia-Pacific shares outside Japan</p>\n<p>eased 0.1%, having climbed for four sessions straight to be up over 10% so far this year.</p>\n<p>Japan's Nikkei was shut after ending at a 30-year peak on Wednesday, while Australia's main index held near an 11-month top.</p>\n<p>Futures for the S&amp;P 500 and NASDAQ both dipped 0.1%, having again hit historic highs on Wednesday.</p>\n<p>Still, the outlook for more global stimulus got a major boost overnight from a surprisingly soft reading on core U.S. inflation, which eased to 1.4% in January.</p>\n<p>Federal Reserve Chair Jerome Powell said he wanted to see inflation at 2% or more before even thinking of tapering the bank's super-easy policies.</p>\n<p>Notably, Powell emphasised that once pandemic effects were stripped out, unemployment was nearer 10% than the reported 6.3% and thus a long way from full employment.</p>\n<p>As a result, Powell called for a \"society-wide commitment\" to reducing unemployment, which analysts saw as strong support for President Joe Biden $1.9 trillion stimulus package.</p>\n<p>Indeed, Westpac economist Elliot Clarke estimated over $5 trillion in cumulative stimulus, worth 23% of GDP, would be required to repair the damage done by the pandemic.</p>\n<p>\"Historical experience provides strong justification to only act against undesired inflationary pressures once they have been seen, after full employment has been achieved, he said.</p>\n<p>\"To that end, financial conditions are expected to remain highly supportive of the U.S. economy and global financial markets in 2021, and likely through 2022.\"</p>\n<p>The mix of endless Fed support and a tame inflation report was a salve for bond market pains and 10-year yields eased to 1.12% , from a 1.20% high early in the week.</p>\n<p>That in turn weighed on the U.S. dollar, which slipped to 90.451 on a basket of currencies and away from a 10-week top of 91.600 late last week.</p>\n<p>The dollar eased to 104.57 yen , from a recent peak 105.76, while the euro rallied to $1.2117 from its low of $1.1950.</p>\n<p>In commodity markets, gold was sidelined at $1,839 an ounce</p>\n<p>as investors drove platinum to a six-year peak on bets of more demand from the automobile sector.</p>\n<p>Oil prices took a breather, having enjoyed the longest winning streak in two years amid producer supply cuts and hopes vaccine rollouts will drive a recovery in demand.</p>\n<p>\"The current price levels are healthier than the actual market and entirely reliant on supply cuts, as demand still needs to recover,\" cautioned Bjornar Tonhaugen of Rystad Energy.</p>\n<p>Brent crude futures eased back 50 cents to $60.97, while U.S. crude dipped 48 cents to $58.20 a barrel.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GLOBAL MARKETS-Asia stocks pause at peaks, sustained by stimulus promise</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{ 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}\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\">\nGLOBAL MARKETS-Asia stocks pause at peaks, sustained by stimulus promise\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-11 10:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Asian stock markets :</p>\n<p>* Markets mostly flat amid multiple holidays</p>\n<p>* Asia shares ex-Japan already up 10% this year</p>\n<p>* Treasuries rally on surprisingly soft CPI, dovish Powell</p>\n<p>* Oil eases after longest winning streak in two years</p>\n<p>By Wayne Cole and David Henry</p>\n<p>SYDNEY, Feb 11 (Reuters) - Asian shares rested at record highs on Thursday as investors digested recent meaty gains, though the promise of endless free money to sustain buying was reaffirmed by benign U.S. inflation data and a very dovish outlook from the Federal Reserve.</p>\n<p>Adding to the torpor was a lack of liquidity as markets in China, Japan, South Korea and Taiwan were all on holiday.</p>\n<p>MSCI's broadest index of Asia-Pacific shares outside Japan</p>\n<p>eased 0.1%, having climbed for four sessions straight to be up over 10% so far this year.</p>\n<p>Japan's Nikkei was shut after ending at a 30-year peak on Wednesday, while Australia's main index held near an 11-month top.</p>\n<p>Futures for the S&amp;P 500 and NASDAQ both dipped 0.1%, having again hit historic highs on Wednesday.</p>\n<p>Still, the outlook for more global stimulus got a major boost overnight from a surprisingly soft reading on core U.S. inflation, which eased to 1.4% in January.</p>\n<p>Federal Reserve Chair Jerome Powell said he wanted to see inflation at 2% or more before even thinking of tapering the bank's super-easy policies.</p>\n<p>Notably, Powell emphasised that once pandemic effects were stripped out, unemployment was nearer 10% than the reported 6.3% and thus a long way from full employment.</p>\n<p>As a result, Powell called for a \"society-wide commitment\" to reducing unemployment, which analysts saw as strong support for President Joe Biden $1.9 trillion stimulus package.</p>\n<p>Indeed, Westpac economist Elliot Clarke estimated over $5 trillion in cumulative stimulus, worth 23% of GDP, would be required to repair the damage done by the pandemic.</p>\n<p>\"Historical experience provides strong justification to only act against undesired inflationary pressures once they have been seen, after full employment has been achieved, he said.</p>\n<p>\"To that end, financial conditions are expected to remain highly supportive of the U.S. economy and global financial markets in 2021, and likely through 2022.\"</p>\n<p>The mix of endless Fed support and a tame inflation report was a salve for bond market pains and 10-year yields eased to 1.12% , from a 1.20% high early in the week.</p>\n<p>That in turn weighed on the U.S. dollar, which slipped to 90.451 on a basket of currencies and away from a 10-week top of 91.600 late last week.</p>\n<p>The dollar eased to 104.57 yen , from a recent peak 105.76, while the euro rallied to $1.2117 from its low of $1.1950.</p>\n<p>In commodity markets, gold was sidelined at $1,839 an ounce</p>\n<p>as investors drove platinum to a six-year peak on bets of more demand from the automobile sector.</p>\n<p>Oil prices took a breather, having enjoyed the longest winning streak in two years amid producer supply cuts and hopes vaccine rollouts will drive a recovery in demand.</p>\n<p>\"The current price levels are healthier than the actual market and entirely reliant on supply cuts, as demand still needs to recover,\" cautioned Bjornar Tonhaugen of Rystad Energy.</p>\n<p>Brent crude futures eased back 50 cents to $60.97, while U.S. crude dipped 48 cents to $58.20 a barrel.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2110049375","content_text":"* Asian stock markets :\n* Markets mostly flat amid multiple holidays\n* Asia shares ex-Japan already up 10% this year\n* Treasuries rally on surprisingly soft CPI, dovish Powell\n* Oil eases after longest winning streak in two years\nBy Wayne Cole and David Henry\nSYDNEY, Feb 11 (Reuters) - Asian shares rested at record highs on Thursday as investors digested recent meaty gains, though the promise of endless free money to sustain buying was reaffirmed by benign U.S. inflation data and a very dovish outlook from the Federal Reserve.\nAdding to the torpor was a lack of liquidity as markets in China, Japan, South Korea and Taiwan were all on holiday.\nMSCI's broadest index of Asia-Pacific shares outside Japan\neased 0.1%, having climbed for four sessions straight to be up over 10% so far this year.\nJapan's Nikkei was shut after ending at a 30-year peak on Wednesday, while Australia's main index held near an 11-month top.\nFutures for the S&P 500 and NASDAQ both dipped 0.1%, having again hit historic highs on Wednesday.\nStill, the outlook for more global stimulus got a major boost overnight from a surprisingly soft reading on core U.S. inflation, which eased to 1.4% in January.\nFederal Reserve Chair Jerome Powell said he wanted to see inflation at 2% or more before even thinking of tapering the bank's super-easy policies.\nNotably, Powell emphasised that once pandemic effects were stripped out, unemployment was nearer 10% than the reported 6.3% and thus a long way from full employment.\nAs a result, Powell called for a \"society-wide commitment\" to reducing unemployment, which analysts saw as strong support for President Joe Biden $1.9 trillion stimulus package.\nIndeed, Westpac economist Elliot Clarke estimated over $5 trillion in cumulative stimulus, worth 23% of GDP, would be required to repair the damage done by the pandemic.\n\"Historical experience provides strong justification to only act against undesired inflationary pressures once they have been seen, after full employment has been achieved, he said.\n\"To that end, financial conditions are expected to remain highly supportive of the U.S. economy and global financial markets in 2021, and likely through 2022.\"\nThe mix of endless Fed support and a tame inflation report was a salve for bond market pains and 10-year yields eased to 1.12% , from a 1.20% high early in the week.\nThat in turn weighed on the U.S. dollar, which slipped to 90.451 on a basket of currencies and away from a 10-week top of 91.600 late last week.\nThe dollar eased to 104.57 yen , from a recent peak 105.76, while the euro rallied to $1.2117 from its low of $1.1950.\nIn commodity markets, gold was sidelined at $1,839 an ounce\nas investors drove platinum to a six-year peak on bets of more demand from the automobile sector.\nOil prices took a breather, having enjoyed the longest winning streak in two years amid producer supply cuts and hopes vaccine rollouts will drive a recovery in demand.\n\"The current price levels are healthier than the actual market and entirely reliant on supply cuts, as demand still needs to recover,\" cautioned Bjornar Tonhaugen of Rystad Energy.\nBrent crude futures eased back 50 cents to $60.97, while U.S. crude dipped 48 cents to $58.20 a barrel.","news_type":1},"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389643753,"gmtCreate":1612772228172,"gmtModify":1704873967039,"author":{"id":"3573097882054184","authorId":"3573097882054184","name":"zRui","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573097882054184","authorIdStr":"3573097882054184"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389643753","repostId":"1111770502","repostType":4,"repost":{"id":"1111770502","kind":"news","pubTimestamp":1612770830,"share":"https://ttm.financial/m/news/1111770502?lang=&edition=fundamental","pubTime":"2021-02-08 15:53","market":"us","language":"en","title":"The GameStop Phenomenon Is Hardly New","url":"https://stock-news.laohu8.com/highlight/detail?id=1111770502","media":"Barrons","summary":"In 1923, the supermarket company—which still does businessin the South and Midwest—was at the center","content":"<p>In 1923, the supermarket company—which still does businessin the South and Midwest—was at the center of a short squeeze/market morality play that echoes the recent frenzy around GameStop.</p>\n<p>As with GameStop and other “meme” companies like AMC Entertainment, Piggly Wiggly was being sold short by several big Wall Street investment firms. This aroused an unexpected popular backlash, stirred by a resentment of “city slickers” getting rich off the “yaps,” or little guys. So there was a sense of triumph when investors fought back and put the squeeze on the shorts.</p>\n<p>“New York speculators,” crowed one newspaper, “made to pay through the nose.”</p>\n<p>The Piggly Wiggly shorts got crushed, much asMelvin Capital dropped 53% in Januarychiefly on its GameStop downside bets, but that wasn’t the whole story. While there were some big winners, there were also some other big losers—none bigger than Piggly Wiggly’s founder and president, Clarence Saunders.</p>\n<p>“After working a sensational squeeze on Piggly Wiggly,”<i>Barron’s</i>reported at the time, “the Memphis grocer found that his ‘victory’ had cost him about $3,000,000 and control of his company.” It also tarnished Saunders’ legacy.</p>\n<p>Born in 1881, Saunders worked his way out of poverty to become a retail pioneer,turning Piggly Wiggly (the origins of the name remain obscure) into the nation’s first “Self-Serving Store”in 1916.</p>\n<p>That is, instead of giving shopping lists to clerks to fill—as was practice of the day—customers walked the aisles and chose their own goods. This sublimely simple concept caught on; by 1921 there were more than 600 Piggly Wiggly stores across the nation, and Saunders’ self-serve model is still the norm for supermarkets, fromKrogertoWalmart.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f015da71952a0d48096f6dc06fbe9a9e\" tg-width=\"620\" tg-height=\"413\"><span>Clarence Saunders, Piggly Wiggly’s founder and president.Bain News Service/Library of Congress</span></p>\n<p>To fuel continued expansion, Saunders in November 1922 announced plans to sell 100,000 new shares in the company. That, combined with unrelated news of a Piggly Wiggly licensee filing for bankruptcy, “caused heavy selling” in the stock, according to<i>Barron’s</i>, knocking the share price down to $30 from $45. Then Merrill Lynch and other Wall Street firms attempted a “bear raid,” shorting Piggly Wiggly stock in a bet it would fall further.</p>\n<p>Saunders cast the issue as good versus evil, asking potential investors, “Shall good business flee? Shall it tremble with fear? Shall it be the loot of the speculator?” as quoted in Mike Freeman’s<i>Clarence Saunders and the Founding of Piggly Wiggly: The Rise &amp; Fall of a Memphis Maverick</i>.</p>\n<p>To counter the shorts, Saunders borrowed $10 million on margin from a number of investors and hatched a plan to buy up all outstanding shares of Piggly Wiggly, driving the price up. The stock reached $124 on March 20, 1923—when it was suspended by the New York Stock Exchange.</p>\n<p>There was a “wild scramble by the shorts to cover,”<i>Barron’s</i>wrote, yet there was less of that than had expected. The stock showed a “declining tendency” after the shorts had covered, and “the over-the-counter market for the stock gradually disappeared.” In the end, “Saunders and his associates” were left with “practically the entire issue of 200,000 shares on their hands—a large part of which had been accumulated at high prices” with “no market” to sell them.</p>\n<p>To<i>Barron’s</i>, Saunders had simply suffered “the customary fate of the Main Streeter who attempts to beat Wall Street.” Indeed, just three years earlier, a short-squeeze engineered by the owner of Stutz Motor Co. ended in bankruptcy for both.</p>\n<p>Yet there were winners in Piggly Wiggly, too, such as the retired grocer from Providence, R.I., that Freeman writes about, who bought a thousand shares at $38 before the squeeze. Expecting to use the shares as dividend income, the retiree instead ended up selling them “from $96 to $124” and making a profit of almost $80,000 (around $1.2 million today).</p>\n<p>That isn’t quite of the same magnitude as the gains made by Roaring Kitty, the GameStop investor whose initial $53,000 stake reached a value of at least $48 million. But the reality thatsome players will turn a handsome profit even as others are ruinedhasn’t changed over the years.</p>\n<p>Today, however, instead of one big investor like Saunders being left holding all the worthless shares, there may be many thousands of smaller investors facing financial strain or collapse.</p>\n<p>As for Saunders, he went back to Tennessee, where “Memphis folk still have confidence” in him, as<i>Barron’s</i>reported at the time. But his various post–Piggle Wiggly ventures, includingKeedoozle automat-style stores, met with middling success. He died in 1953, his hopes of becoming the Henry Ford of supermarkets undone by an ill-fated decision to take on Wall Street.</p>\n<p>We’ll see if GameStop investors fare any better.</p>","source":"lsy1601382232898","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 GameStop Phenomenon Is Hardly New</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\">\n The GameStop Phenomenon Is Hardly New\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-08 15:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-gamestop-phenomenon-is-hardly-new-heres-how-a-similar-squeeze-played-out-in-1923-51612361822?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In 1923, the supermarket company—which still does businessin the South and Midwest—was at the center of a short squeeze/market morality play that echoes the recent frenzy around GameStop.\nAs with ...</p>\n\n<a href=\"https://www.barrons.com/articles/the-gamestop-phenomenon-is-hardly-new-heres-how-a-similar-squeeze-played-out-in-1923-51612361822?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/the-gamestop-phenomenon-is-hardly-new-heres-how-a-similar-squeeze-played-out-in-1923-51612361822?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111770502","content_text":"In 1923, the supermarket company—which still does businessin the South and Midwest—was at the center of a short squeeze/market morality play that echoes the recent frenzy around GameStop.\nAs with GameStop and other “meme” companies like AMC Entertainment, Piggly Wiggly was being sold short by several big Wall Street investment firms. This aroused an unexpected popular backlash, stirred by a resentment of “city slickers” getting rich off the “yaps,” or little guys. So there was a sense of triumph when investors fought back and put the squeeze on the shorts.\n“New York speculators,” crowed one newspaper, “made to pay through the nose.”\nThe Piggly Wiggly shorts got crushed, much asMelvin Capital dropped 53% in Januarychiefly on its GameStop downside bets, but that wasn’t the whole story. While there were some big winners, there were also some other big losers—none bigger than Piggly Wiggly’s founder and president, Clarence Saunders.\n“After working a sensational squeeze on Piggly Wiggly,”Barron’sreported at the time, “the Memphis grocer found that his ‘victory’ had cost him about $3,000,000 and control of his company.” It also tarnished Saunders’ legacy.\nBorn in 1881, Saunders worked his way out of poverty to become a retail pioneer,turning Piggly Wiggly (the origins of the name remain obscure) into the nation’s first “Self-Serving Store”in 1916.\nThat is, instead of giving shopping lists to clerks to fill—as was practice of the day—customers walked the aisles and chose their own goods. This sublimely simple concept caught on; by 1921 there were more than 600 Piggly Wiggly stores across the nation, and Saunders’ self-serve model is still the norm for supermarkets, fromKrogertoWalmart.\nClarence Saunders, Piggly Wiggly’s founder and president.Bain News Service/Library of Congress\nTo fuel continued expansion, Saunders in November 1922 announced plans to sell 100,000 new shares in the company. That, combined with unrelated news of a Piggly Wiggly licensee filing for bankruptcy, “caused heavy selling” in the stock, according toBarron’s, knocking the share price down to $30 from $45. Then Merrill Lynch and other Wall Street firms attempted a “bear raid,” shorting Piggly Wiggly stock in a bet it would fall further.\nSaunders cast the issue as good versus evil, asking potential investors, “Shall good business flee? Shall it tremble with fear? Shall it be the loot of the speculator?” as quoted in Mike Freeman’sClarence Saunders and the Founding of Piggly Wiggly: The Rise & Fall of a Memphis Maverick.\nTo counter the shorts, Saunders borrowed $10 million on margin from a number of investors and hatched a plan to buy up all outstanding shares of Piggly Wiggly, driving the price up. The stock reached $124 on March 20, 1923—when it was suspended by the New York Stock Exchange.\nThere was a “wild scramble by the shorts to cover,”Barron’swrote, yet there was less of that than had expected. The stock showed a “declining tendency” after the shorts had covered, and “the over-the-counter market for the stock gradually disappeared.” In the end, “Saunders and his associates” were left with “practically the entire issue of 200,000 shares on their hands—a large part of which had been accumulated at high prices” with “no market” to sell them.\nToBarron’s, Saunders had simply suffered “the customary fate of the Main Streeter who attempts to beat Wall Street.” Indeed, just three years earlier, a short-squeeze engineered by the owner of Stutz Motor Co. ended in bankruptcy for both.\nYet there were winners in Piggly Wiggly, too, such as the retired grocer from Providence, R.I., that Freeman writes about, who bought a thousand shares at $38 before the squeeze. Expecting to use the shares as dividend income, the retiree instead ended up selling them “from $96 to $124” and making a profit of almost $80,000 (around $1.2 million today).\nThat isn’t quite of the same magnitude as the gains made by Roaring Kitty, the GameStop investor whose initial $53,000 stake reached a value of at least $48 million. But the reality thatsome players will turn a handsome profit even as others are ruinedhasn’t changed over the years.\nToday, however, instead of one big investor like Saunders being left holding all the worthless shares, there may be many thousands of smaller investors facing financial strain or collapse.\nAs for Saunders, he went back to Tennessee, where “Memphis folk still have confidence” in him, asBarron’sreported at the time. But his various post–Piggle Wiggly ventures, includingKeedoozle automat-style stores, met with middling success. He died in 1953, his hopes of becoming the Henry Ford of supermarkets undone by an ill-fated decision to take on Wall Street.\nWe’ll see if GameStop investors fare any better.","news_type":1},"isVote":1,"tweetType":1,"viewCount":51,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}