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A_LIUYINGJIA

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- A_LIUYINGJIAA_LIUYINGJIA
  ·2021-05-17
  Oops
  Coinbase fell more than 7%, dropping below its $250 IPO price.
  5月17日消息，Coinbase跌超7%，现报239.56美元，跌破250美元发行价。比特币今日一度下破43000美元/枚，为2月9日以来首次，截止发稿，比特币报价44929.2美元/枚，跌幅达7.8
  Coinbase fell more than 7%, dropping below its $250 IPO price.
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- A_LIUYINGJIAA_LIUYINGJIA
  ·2021-05-04
  Wa
  Under Armour shares rose more than 4% in pre-market trading after first-quarter results exceeded expectations.
  5月4日，美国运动服装制造商Under Armour(UAA.N)发布一季度财报：第一季度净营收13亿美元，市场预估11.3亿美元；第一季度调整后每股收益16美分，市场预估4.0美分。公司上调本财年调
  Under Armour shares rose more than 4% in pre-market trading after first-quarter results exceeded expectations.
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- A_LIUYINGJIAA_LIUYINGJIA
  ·2021-05-03
  May day..
  Sorry, this post has been deleted
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- A_LIUYINGJIAA_LIUYINGJIA
  ·2021-04-30
  Wow
  Sorry, this post has been deleted
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- A_LIUYINGJIAA_LIUYINGJIA
  ·2021-02-18
  ?
  Four reasons support the idea that the US stock market may truly not have a bubble.
  根据著名的“巴菲特指标”，美股当下的估值已经达到了历史最高点，泡沫的气息已经非常浓烈了，可是市场却依然在持续上涨，丝毫不见泡沫破灭的样子，那么，投资者到底该何去何从？腾讯证券讯根据著名的“巴菲特
  Four reasons support the idea that the US stock market may truly not have a bubble.
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22:03","market":"us","language":"zh","title":"Coinbase fell more than 7%, dropping below its $250 IPO price.","url":"https://stock-news.laohu8.com/highlight/detail?id=1193073364","media":"老虎资讯综合","summary":"5月17日消息，Coinbase跌超7%，现报239.56美元，跌破250美元发行价。比特币今日一度下破43000美元/枚，为2月9日以来首次，截止发稿，比特币报价44929.2美元/枚，跌幅达7.8","content":"<p>May 17th news,<a href=\"https://laohu8.com/S/COIN\">Coinbase</a>It fell more than 7%, currently trading at $239.56, below its IPO price of $250. Bitcoin coins briefly fell below $43,000 per coin today for the first time since February 9th. As of press time, Bitcoin was trading at $44,929.2 per coin, a drop of 7.89%.</p><p><img src=\"https://static.tigerbbs.com/1bd17fbd00e3756d94bf20e3ec83e7f3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Founded in 2012, Coinbase is one of the world's largest cryptocurrency exchanges, with operations covering more than 100 countries and regions worldwide. Currently, the company has 56 million users. The company's main business is to help investors trade, store, or borrow cryptocurrencies.</p><p>In addition, the company also has a proprietary business, which involves buying digital currencies and profiting from price changes. The company's main products include Bitcoin and Ethereum. On April 14 this year, the company went public on Nasdaq under the ticker symbol \"COIN\".</p><p>Foreign media reports that strong market demand for cryptocurrencies such as Bitcoin and Dogecoin will be crucial to Coinbase's development, as more than 90% of the company's revenue comes from crypto transaction fees.</p><p>After the market closed last Thursday, Coinbase released its first earnings report since its IPO. Financial reports show that in the first quarter of 2021, the company's total revenue was approximately $1.8 billion, compared to only $191 million in the same period last year; Net revenue was $1.6 billion, of which transaction revenue was $1.5 billion and subscription and service revenue was $56.4 million; Net profit was $771 million, a more than 23-fold increase compared to $31.973 million in the same period last year; Basic earnings per share were $3.80, and diluted earnings per share were $3.05.</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>Coinbase fell more than 7%, dropping below its $250 IPO price.</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nCoinbase fell more than 7%, dropping below its $250 IPO price.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-05-17 22:03</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>May 17th news,<a href=\"https://laohu8.com/S/COIN\">Coinbase</a>It fell more than 7%, currently trading at $239.56, below its IPO price of $250. Bitcoin coins briefly fell below $43,000 per coin today for the first time since February 9th. As of press time, Bitcoin was trading at $44,929.2 per coin, a drop of 7.89%.</p><p><img src=\"https://static.tigerbbs.com/1bd17fbd00e3756d94bf20e3ec83e7f3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Founded in 2012, Coinbase is one of the world's largest cryptocurrency exchanges, with operations covering more than 100 countries and regions worldwide. Currently, the company has 56 million users. The company's main business is to help investors trade, store, or borrow cryptocurrencies.</p><p>In addition, the company also has a proprietary business, which involves buying digital currencies and profiting from price changes. The company's main products include Bitcoin and Ethereum. On April 14 this year, the company went public on Nasdaq under the ticker symbol \"COIN\".</p><p>Foreign media reports that strong market demand for cryptocurrencies such as Bitcoin and Dogecoin will be crucial to Coinbase's development, as more than 90% of the company's revenue comes from crypto transaction fees.</p><p>After the market closed last Thursday, Coinbase released its first earnings report since its IPO. Financial reports show that in the first quarter of 2021, the company's total revenue was approximately $1.8 billion, compared to only $191 million in the same period last year; Net revenue was $1.6 billion, of which transaction revenue was $1.5 billion and subscription and service revenue was $56.4 million; Net profit was $771 million, a more than 23-fold increase compared to $31.973 million in the same period last year; Basic earnings per share were $3.80, and diluted earnings per share were $3.05.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c7da52addfd52fb216bcf87283f43750","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193073364","content_text":"5月17日消息，Coinbase跌超7%，现报239.56美元，跌破250美元发行价。比特币今日一度下破43000美元/枚，为2月9日以来首次，截止发稿，比特币报价44929.2美元/枚，跌幅达7.89%Coinbase成立于2012年，是全世界最大的数字货币交易所之一，业务覆盖全球100多个国家和地区。目前，该公司拥有5600万用户。该公司的主营业务是帮助投资人交易、存储或者借入加密货币。此外，该公司也有自营业务，即买入数字货币，通过价格变化牟利，该公司的主要产品包括比特币和以太币。今年4月14日，该公司在纳斯达克挂牌上市，股票代码为“COIN”。外媒称，市场对比特币和狗狗币等加密货币的强劲需求将对Coinbase的发展至关重要，因为该公司90%以上的收入来自加密交易交易费用。上周周四收盘后，Coinbase公布了上市以来的首份财报。财报显示，2021年第一季度，该公司的总营收约为18亿美元，而上年同期仅为1.91亿美元；净营收为16亿美元，其中交易营收为15亿美元，订阅和服务营收为5640万美元；净利润为7.71亿美元，与上年同期的3197.3万美元相比增长超23倍；基本每股收益为3.8美元，摊薄后每股收益为3.05美元。","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":3543,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106411409,"gmtCreate":1620138763001,"gmtModify":1704339209000,"author":{"id":"3575537075359506","authorId":"3575537075359506","name":"A_LIUYINGJIA","avatar":"https://static.tigerbbs.com/853af30823e76e3e215b467c7f375993","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575537075359506","idStr":"3575537075359506"},"themes":[],"title":"","htmlText":"Wa","listText":"Wa","text":"Wa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/106411409","repostId":"1131932104","repostType":4,"repost":{"id":"1131932104","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620127916,"share":"https://ttm.financial/m/news/1131932104?lang=en_US&edition=fundamental","pubTime":"2021-05-04 19:31","market":"us","language":"zh","title":"Under Armour shares rose more than 4% in pre-market trading after first-quarter results exceeded expectations.","url":"https://stock-news.laohu8.com/highlight/detail?id=1131932104","media":"老虎资讯综合","summary":"5月4日，美国运动服装制造商Under Armour(UAA.N)发布一季度财报：第一季度净营收13亿美元，市场预估11.3亿美元；第一季度调整后每股收益16美分，市场预估4.0美分。公司上调本财年调","content":"<p>On May 4, U.S. sportswear manufacturer Under Armour (UAA.N) released its first-quarter financial report:</p><p>First-quarter net revenue was $1.3 billion, compared to market expectations of $1.13 billion;</p><p>Adjusted earnings per share for the first quarter were 16 cents, compared to market expectations of 4.0 cents.</p><p>The company has raised its adjusted earnings per share forecast for this fiscal year.</p><p>As of press time,<a href=\"https://laohu8.com/S/UAA\">Under Armour Class C Shares</a>It rose more than 4% in pre-market trading.</p><p><img src=\"https://static.tigerbbs.com/b640cab5db9acb5336c4ab37f68d8d56\" tg-width=\"600\" tg-height=\"373\" referrerpolicy=\"no-referrer\"></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>Under Armour shares rose more than 4% in pre-market trading after first-quarter results exceeded expectations.</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nUnder Armour shares rose more than 4% in pre-market trading after first-quarter results exceeded expectations.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-05-04 19:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On May 4, U.S. sportswear manufacturer Under Armour (UAA.N) released its first-quarter financial report:</p><p>First-quarter net revenue was $1.3 billion, compared to market expectations of $1.13 billion;</p><p>Adjusted earnings per share for the first quarter were 16 cents, compared to market expectations of 4.0 cents.</p><p>The company has raised its adjusted earnings per share forecast for this fiscal year.</p><p>As of press time,<a href=\"https://laohu8.com/S/UAA\">Under Armour Class C Shares</a>It rose more than 4% in pre-market trading.</p><p><img src=\"https://static.tigerbbs.com/b640cab5db9acb5336c4ab37f68d8d56\" tg-width=\"600\" tg-height=\"373\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/260839a7610abce171f8c299c9b82f7f","relate_stocks":{"UAA":"安德玛公司A类股","UA.C":"Under Armour Class C","UA":"安德玛公司C类股"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131932104","content_text":"5月4日，美国运动服装制造商Under Armour(UAA.N)发布一季度财报：第一季度净营收13亿美元，市场预估11.3亿美元；第一季度调整后每股收益16美分，市场预估4.0美分。公司上调本财年调整后每股盈利预期。截至发稿，安德玛公司C类股盘前涨超4%。","news_type":1,"symbols_score_info":{"UA.C":0.9,"UA":0.9,"UAA":0.9}},"isVote":1,"tweetType":1,"viewCount":4554,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108794310,"gmtCreate":1620053008230,"gmtModify":1704337977131,"author":{"id":"3575537075359506","authorId":"3575537075359506","name":"A_LIUYINGJIA","avatar":"https://static.tigerbbs.com/853af30823e76e3e215b467c7f375993","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575537075359506","idStr":"3575537075359506"},"themes":[],"title":"","htmlText":"May day..","listText":"May day..","text":"May day..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/108794310","repostId":"1193618912","repostType":4,"isVote":1,"tweetType":1,"viewCount":5999,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3576655834033384","authorId":"3576655834033384","name":"LadyC","avatar":"https://static.tigerbbs.com/3ad9f959f9994b84f8c3d4c43e06d6a5","crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3576655834033384","idStr":"3576655834033384"},"content":"Thanks for the great sharing.","text":"Thanks for the great sharing.","html":"Thanks for the great sharing."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103516491,"gmtCreate":1619793087413,"gmtModify":1704272483334,"author":{"id":"3575537075359506","authorId":"3575537075359506","name":"A_LIUYINGJIA","avatar":"https://static.tigerbbs.com/853af30823e76e3e215b467c7f375993","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575537075359506","idStr":"3575537075359506"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/103516491","repostId":"1144793561","repostType":4,"isVote":1,"tweetType":1,"viewCount":4020,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":384203313,"gmtCreate":1613652917632,"gmtModify":1704883224386,"author":{"id":"3575537075359506","authorId":"3575537075359506","name":"A_LIUYINGJIA","avatar":"https://static.tigerbbs.com/853af30823e76e3e215b467c7f375993","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575537075359506","idStr":"3575537075359506"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/384203313","repostId":"1198822694","repostType":4,"repost":{"id":"1198822694","kind":"news","pubTimestamp":1613649286,"share":"https://ttm.financial/m/news/1198822694?lang=en_US&edition=fundamental","pubTime":"2021-02-18 19:54","market":"us","language":"zh","title":"Four reasons support the idea that the US stock market may truly not have a bubble.","url":"https://stock-news.laohu8.com/highlight/detail?id=1198822694","media":"腾讯美股","summary":"根据著名的“巴菲特指标”，美股当下的估值已经达到了历史最高点，泡沫的气息已经非常浓烈了，可是市场却依然在持续上涨，丝毫不见泡沫破灭的样子，那么，投资者到底该何去何从？\n\n腾讯证券讯 根据著名的“巴菲特","content":"<p><i>According to the famous \"Buffett Indicator,\" the current valuation of US stocks has reached a historical high, and the bubble is already very strong. However, the market continues to rise, showing no signs of the bubble bursting. So, where should investors go?</i><a href=\"https://laohu8.com/S/00700\">Tencent</a>According to the famous \"Buffett Indicator,\" the valuation of US stocks has reached a historical high, and the bubble is already very strong. However, the market continues to rise, showing no signs of bursting. So, where should investors go?</p><p>The so-called Buffett indicator, simply put, is a comparison of the total market capitalization of the Wilshire 5000 index (the broadest existing large-cap indicator in the United States) with the gross domestic product. Historical data shows that the stock market's ratio to GDP has long been 74%, but now this figure has exceeded 160%, setting a new record. Regarding valuation, there is also the so-called \"Tobin's Q ratio,\" proposed by Nobel laureate economist James Tobin, which compares a company's stock price to its replacement cost. This indicator reached 2.33 at the end of December, also a new high in history.</p><p><b>Old indicators meet new realities</b></p><p>However, many market observers emphasize that comparing the historical averages of these valuation indicators with today's levels is inherently nonsensical. Retired economics professor Guy Mineault explained that one of the bases for these US stock market bulls is that the total number of stocks in the US stock market is actually showing a continuous downward trend. For example, in 1996, there were a total of 8,090 stocks in the market, but by the end of 2019, that had decreased to 4,744. \"Assuming that the total amount of funds invested in the US stock market was the same in 1996 as it is now, but the total number of stocks has decreased by nearly half, then it is perfectly reasonable for the prices of the stocks that still exist to roughly double.\"</p><p>Other observers point out that governments in many countries are now forcing companies to establish retirement funds for their employees, which means that a considerable amount of money continues to flow into the stock market every year. As mentioned earlier, the number of stocks is still decreasing, which makes their prices the only possible direction for them to rise. Minot stated, \"Many economists even believe that the stock market is actually undervalued, rather than the other way around.\"</p><p><b>The impact of the pandemic</b></p><p>Peter Tsakiris, president of Whitemont Financial Services, pointed out: “We simply can’t assess a company’s stock price based on its 2021 earnings forecast right now because the pandemic has changed everything, and the numbers for 2021 are no longer normal. Therefore, investors have actually turned their attention to 2022, which will be a year of continued growth. In other words, investors have put the pandemic period in parentheses and are no longer considering it, but are waiting for future profits.”</p><p>Sakiris stated that if people expect the S&P 500 to have earnings per share of $170 in 2022, the corresponding P/E would actually be only $22.3. \"While such a reading is above the historical average of about 16, it depends on the specific circumstances. For example, interest rates have been much higher than they are now at most times in history.\"</p><p>In fact, another important reason that proponents of high valuations justify is interest rates. Yanick Desnoyers, vice president of ddenda Capital and a senior economist, pointed out: \"Right now, bond yield expectations are so low, which naturally leads to high stock valuations.\"</p><p>\"Stocks may be expensive, but bonds are even more overvalued,\" said Richard Guay, a finance professor at the University of Montreal in Quebec. He explained, \"If you buy 30-year government bonds now, you're locking yourself into a very low return for the next 30 years. Conversely, if you choose stocks, in addition to the potential for price appreciation, you can also earn a 3% to 4% Dividend annually. Because of this, many institutional investors who previously focused on bond investments are now turning to stocks.\"</p><p><b>Strong demand</b></p><p>Desnovers points out that two other factors are helping US stocks maintain high valuations. The first factor is the profits of American companies. At the end of the third quarter of last year, profits were even higher than before the pandemic, which surprised many people. Before the outbreak of the pandemic, the total profits of American companies were $1.82 trillion, but after the outbreak, they surprisingly reached $2.32 trillion.</p><p>At the same time, the market still largely believes that once the pandemic ends, a wave of pent-up consumer demand will erupt, which will naturally be beneficial to corporate profits and even stock prices. The economic data showing the rise in the US savings rate during the pandemic can also be seen as providing some support for this view.</p><p><b>Sufficient funds</b></p><p>So, is the US stock market currently in a bubble? In fact, many experts are now somewhat confused. “I think the stock price is too expensive,” Guai said. “But, at least for now, I wouldn’t dare say a bubble has formed.” Sakiris, on the other hand, believes that some specific stocks, such as…<a href=\"https://laohu8.com/S/ZM\">Zoom</a>and<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>A bubble has indeed emerged, but in terms of the US stock market as a whole, there is no such thing as a bubble yet. “I remain optimistic about the continued rise in the stock market, although we also expect some small pullbacks. At least one thing is certain: there is liquidity everywhere in the market, so these pullbacks would normally be seen by investors as buying opportunities.”</p><p>The massive liquidity injected by central banks around the world through ultra-low interest rates and quantitative easing policies is actually a very crucial element, and its impact will last for a long time. \"These printed money are everywhere, which means that sooner or later we will face inflation, and at that time interest rates will be forced to rise to 4% or 5%. This will damage both stock and bond prices, but this scenario will not become a reality in the short term.\"</p>","source":"txmg","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>Four reasons support the idea that the US stock market may truly not have a bubble.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\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\">\nFour reasons support the idea that the US stock market may truly not have a bubble.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">腾讯美股</strong><span class=\"h-time small\">2021-02-18 19:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p><i>According to the famous \"Buffett Indicator,\" the current valuation of US stocks has reached a historical high, and the bubble is already very strong. However, the market continues to rise, showing no signs of the bubble bursting. So, where should investors go?</i><a href=\"https://laohu8.com/S/00700\">Tencent</a>According to the famous \"Buffett Indicator,\" the valuation of US stocks has reached a historical high, and the bubble is already very strong. However, the market continues to rise, showing no signs of bursting. So, where should investors go?</p><p>The so-called Buffett indicator, simply put, is a comparison of the total market capitalization of the Wilshire 5000 index (the broadest existing large-cap indicator in the United States) with the gross domestic product. Historical data shows that the stock market's ratio to GDP has long been 74%, but now this figure has exceeded 160%, setting a new record. Regarding valuation, there is also the so-called \"Tobin's Q ratio,\" proposed by Nobel laureate economist James Tobin, which compares a company's stock price to its replacement cost. This indicator reached 2.33 at the end of December, also a new high in history.</p><p><b>Old indicators meet new realities</b></p><p>However, many market observers emphasize that comparing the historical averages of these valuation indicators with today's levels is inherently nonsensical. Retired economics professor Guy Mineault explained that one of the bases for these US stock market bulls is that the total number of stocks in the US stock market is actually showing a continuous downward trend. For example, in 1996, there were a total of 8,090 stocks in the market, but by the end of 2019, that had decreased to 4,744. \"Assuming that the total amount of funds invested in the US stock market was the same in 1996 as it is now, but the total number of stocks has decreased by nearly half, then it is perfectly reasonable for the prices of the stocks that still exist to roughly double.\"</p><p>Other observers point out that governments in many countries are now forcing companies to establish retirement funds for their employees, which means that a considerable amount of money continues to flow into the stock market every year. As mentioned earlier, the number of stocks is still decreasing, which makes their prices the only possible direction for them to rise. Minot stated, \"Many economists even believe that the stock market is actually undervalued, rather than the other way around.\"</p><p><b>The impact of the pandemic</b></p><p>Peter Tsakiris, president of Whitemont Financial Services, pointed out: “We simply can’t assess a company’s stock price based on its 2021 earnings forecast right now because the pandemic has changed everything, and the numbers for 2021 are no longer normal. Therefore, investors have actually turned their attention to 2022, which will be a year of continued growth. In other words, investors have put the pandemic period in parentheses and are no longer considering it, but are waiting for future profits.”</p><p>Sakiris stated that if people expect the S&P 500 to have earnings per share of $170 in 2022, the corresponding P/E would actually be only $22.3. \"While such a reading is above the historical average of about 16, it depends on the specific circumstances. For example, interest rates have been much higher than they are now at most times in history.\"</p><p>In fact, another important reason that proponents of high valuations justify is interest rates. Yanick Desnoyers, vice president of ddenda Capital and a senior economist, pointed out: \"Right now, bond yield expectations are so low, which naturally leads to high stock valuations.\"</p><p>\"Stocks may be expensive, but bonds are even more overvalued,\" said Richard Guay, a finance professor at the University of Montreal in Quebec. He explained, \"If you buy 30-year government bonds now, you're locking yourself into a very low return for the next 30 years. Conversely, if you choose stocks, in addition to the potential for price appreciation, you can also earn a 3% to 4% Dividend annually. Because of this, many institutional investors who previously focused on bond investments are now turning to stocks.\"</p><p><b>Strong demand</b></p><p>Desnovers points out that two other factors are helping US stocks maintain high valuations. The first factor is the profits of American companies. At the end of the third quarter of last year, profits were even higher than before the pandemic, which surprised many people. Before the outbreak of the pandemic, the total profits of American companies were $1.82 trillion, but after the outbreak, they surprisingly reached $2.32 trillion.</p><p>At the same time, the market still largely believes that once the pandemic ends, a wave of pent-up consumer demand will erupt, which will naturally be beneficial to corporate profits and even stock prices. The economic data showing the rise in the US savings rate during the pandemic can also be seen as providing some support for this view.</p><p><b>Sufficient funds</b></p><p>So, is the US stock market currently in a bubble? In fact, many experts are now somewhat confused. “I think the stock price is too expensive,” Guai said. “But, at least for now, I wouldn’t dare say a bubble has formed.” Sakiris, on the other hand, believes that some specific stocks, such as…<a href=\"https://laohu8.com/S/ZM\">Zoom</a>and<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>A bubble has indeed emerged, but in terms of the US stock market as a whole, there is no such thing as a bubble yet. “I remain optimistic about the continued rise in the stock market, although we also expect some small pullbacks. At least one thing is certain: there is liquidity everywhere in the market, so these pullbacks would normally be seen by investors as buying opportunities.”</p><p>The massive liquidity injected by central banks around the world through ultra-low interest rates and quantitative easing policies is actually a very crucial element, and its impact will last for a long time. \"These printed money are everywhere, which means that sooner or later we will face inflation, and at that time interest rates will be forced to rise to 4% or 5%. This will damage both stock and bond prices, but this scenario will not become a reality in the short term.\"</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/TxgBcyYj3GNceu0MJNzgCw\">腾讯美股</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d1fe578ee46cbe0d24c33435ff25ae5","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://mp.weixin.qq.com/s/TxgBcyYj3GNceu0MJNzgCw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198822694","content_text":"根据著名的“巴菲特指标”，美股当下的估值已经达到了历史最高点，泡沫的气息已经非常浓烈了，可是市场却依然在持续上涨，丝毫不见泡沫破灭的样子，那么，投资者到底该何去何从？\n\n腾讯证券讯 根据著名的“巴菲特指标”，美股当下的估值已经达到了历史最高点，泡沫的气息已经非常浓烈了，可是市场却依然在持续上涨，丝毫不见泡沫破灭的样子，那么，投资者到底该何去何从？\n所谓巴菲特指标，简而言之就是将威尔夏5000指数（美国已有的最广泛大盘指标）的总市值与国内生产总值进行比较。历史数据显示，股市对GDP比率的长期水平是74%，而现在，这一数字却超过了160%，创下历史最高纪录。关于估值，还有所谓“托宾的Q比率”，由获得诺贝尔经济学奖的大家托宾（James Tobin）提出，即将企业股价与重置成本相比，这一指标12月底时就来到了2.33，同样是史上新高。\n旧指标遇到新现实\n不过，也有许多市场观察家强调，将这些估值指标的历史平均数字拿来和今日的水平进行对比，本身就是驴唇不对马嘴。退休经济学教授米诺特（Guy Mineault）解释说，这些美股牛派的根据之一就在于，美股市场上的股票总数量其实是呈现持续下滑趋势的，比如1996年时，市场上有股票总计8090只，而到了2019年底，已经减少到了4744只。“假设1996年和现在，投入到美股市场上的资金总量是一致的，但是股票的总数却减少了接近一半，那么依然存在的股票，其价格大致翻一番，其实也是完全说得过去的。”\n还有一些观察家指出，现在许多国家的政府都在强迫企业为自己的员工建立退休基金，而这就意味着每年都会有数量可观的资金持续流入股市，而如前所述，股票的数量还在减少，这就使得其价格更是唯有上涨一个可能的方向。米诺特表示：“许多经济学家甚至认为，股市实际上是被低估了，而非相反。”\n疫情的影响\nWhitemont Financial Services 总裁萨基里斯（Peter Tsakiris）指出：“我们现在根本不可能根据企业2021年的盈利预期去评估其股票价格，因为疫情改变了一切，2021年的数字已经不可能正常了。因此，投资者其实已经将视线转向了2022年，这将是一个持续增长的全年。换言之，投资者已经将疫情时期划入了括号，不再予以考虑，而是等待着未来的利润。”\n萨基里斯表示，如果大家预计标普500指数2022年的每股盈利为170美元，则相应的市盈率其实也不过是22.3。“这样的一个读数虽然是超过了大约16的历史平均水平，但是这也要看具体情况，比如历史上的大多数时候，利率可都要比现在高得多。”\n事实上，高估值的支持者赋予其合理性的另外一个重要理由正是利率。ddenda Capital副总裁、高级经济学奖德斯诺佛斯（Yanick Desnoyers）指出：“现在，债券收益率的预期是如此之低，而这自然就会导致股票估值高企。”\n魁北克蒙特利尔大学金融学教授瓜伊（Richard Guay）表示：“股票或许称得上昂贵，但是债券高估才更加严重。”他解释道：“如果你现在购买三十年期政府债券，就等于将自己的未来三十年锁定在很低的回报当中。相反，如果你选择股票，除了价格增值的可能性之外，你还可以每年获得3%到4%的股息。正因为如此，许多以前都以债券投资为主的机构投资者，现在都纷纷转向了股票。”\n需求旺盛\n德斯诺佛斯指出，此外还有两个因素在帮助美股维持着高估值。第一个因素是美国企业的利润，去年第三季度结束时，利润竟然要比疫情爆发前还高，让许多人都大吃一惊。疫情爆发前的美国企业总利润是1.82万亿美元，而疫情爆发后居然来到了2.32万亿美元。\n与此同时，市场还在很大程度上相信，一旦疫情宣告结束，将有一波压抑已久的消费需求爆发出来，而这自然也是企业利润，乃至股价的利好。疫情期间，美国储蓄率上升的经济数据也可以算作是为这种观点做出了一定的背书。\n充足的资金\n那么，美股现在到底算不算是在泡沫当中呢？其实很多专家现在也多少感到困惑。“我认为股价过于昂贵了。”瓜伊表示，“可是，至少到现在，我还不敢说泡沫已经形成。”萨基里斯则认为，一些特定股票如Zoom和特斯拉，现在确实已经出现了泡沫，但是就美股大盘整体而言，目前还谈不到泡沫。“我对于股市的持续上涨，目前依然持乐观的态度，尽管我们也预计会有一些小规模的回挫发生。这里至少有一点可以肯定，那就是市场上到处都是流动性，因此这些回挫正常情况下都会被投资者看作是买入的机会。”\n各国央行超低利率和量化宽松政策注入的海量流动性，其实是个非常关键的元素，其影响将长期存在。“这些印刷出来的钞票无处不在，这就意味着，我们未来迟早会迎头撞上通货膨胀，而到了那时，利率就将被迫上调，达到4%或者5%。这无论对股票还是债券的行情都会造成损害，只不过，这一幕短期之内还不会成为现实。”","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":3686,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}