成人小说亚洲一区二区三区,亚洲国产精品一区二区三区,国产精品成人精品久久久,久久综合一区二区三区,精品无码av一区二区,国产一级a毛一级a看免费视频,欧洲uv免费在线区一二区,亚洲国产欧美中日韩成人综合视频,国产熟女一区二区三区五月婷小说,亚洲一区波多野结衣在线

立即打開
熊來了,巴菲特先生!

熊來了,巴菲特先生!

Jen Wieczner 2016-02-29
這位股神的公司的股票最近一直舉步維艱,而進(jìn)入熊市將成為它另一個(gè)不幸的里程碑。2015年,該公司股價(jià)的跌幅超過了12%,是2008年以來表現(xiàn)最差的一年。在2008年,該公司股價(jià)在整個(gè)股市崩盤期間下跌了近32%。

進(jìn)入熊市的跡象:股價(jià)較其峰值水平下跌20%。

在過去,沃倫?巴菲特曾預(yù)測(cè),相對(duì)于其他公司,其公司股票的表現(xiàn)在熊市會(huì)比牛市更好。然而這一次,情況并不是這樣。

美國主要股指最近再次下跌,盡管這一跌幅還遠(yuǎn)未達(dá)到進(jìn)入熊市的水平,但對(duì)于巴菲特的伯克希爾哈撒韋來說,熊就要來了。具有傳奇色彩的伯克希爾股票——其50年以來的表現(xiàn)一直好于標(biāo)普500(根據(jù)其最新的年報(bào))——目前的價(jià)格較其2014年12月的峰值水平下跌了近18.5%。最近,該公司股價(jià)一度跌至每股187001美元,創(chuàng)一年多以來的新低。熊市一般是指股價(jià)較其峰值下跌20%。

這位股神的公司的股票最近一直舉步維艱,而進(jìn)入熊市將成為它另一個(gè)不幸的里程碑。2015年,該公司股價(jià)的跌幅超過了12%,是2008年以來表現(xiàn)最差的一年。在2008年,該公司股價(jià)在整個(gè)股市崩盤期間下跌了近32%。

盡管伯克希爾哈撒韋在金融危機(jī)期間的表現(xiàn)略好于標(biāo)普500(2008年暴跌了37%),但是這一次,它卻跑輸了大盤:標(biāo)普500自伯克希爾股價(jià)2014年12月達(dá)到峰值以來僅下跌了9%,其表現(xiàn)超出伯克希爾哈撒韋近10個(gè)百分點(diǎn)。

The sign of a bear is a 20% decline from the stock’s peak.

In the past, Warren Buffett has predicted that his performance is likely to be better, relative to everyone else, in bear markets than in bull ones. That hasn’t played out this time around.

While the major U.S stock indexes, which sunk again on Monday, still have to fall significantly farther before they enter bear market territory, Warren Buffett’s Berkshire Hathaway is getting dangerously close. The stock of Berkshire BRK.A -2.30% —legendary for its consistent outperformance of the S&P 500, returning 1,826,163% over 50 years, through its latest annual report—is now trading nearly 18.5% below its high in December 2014. On Monday, the share price fell to $187,001, its lowest point in more than a year. A bear market is usually defined as being down 20% from its peak.

Entering a bear market would be another unfortunate milestone for the Oracle of Omaha’s stock which has struggled recently. Last year, Berkshire Hathaway shares fell more than 12%,their worst annual performance since 2008, when the stock declined nearly 32% amid the overall market crash.

But while Berkshire Hathaway fared somewhat better during the financial crisis than the S&P 500 (which plummeted 37% in 2008), this time, the stock is underperforming the market: The S&P 500 has fallen just 9% since Berkshire’s peak, nearly 10 percentage points better than Buffett’s performance.

然而,值得注意的是,與危機(jī)期間不同,公司當(dāng)前的投資表現(xiàn)并非完全是這位股神的責(zé)任,因?yàn)榘头铺啬壳坝袃晌桓笔帧械?康布斯和泰德?維施樂,他們負(fù)責(zé)幫助巴菲特打理伯克希爾的投資。

此外,伯克希爾的收入多來自于旗下各大子公司,例如圣達(dá)菲北伯林頓鐵路公司,而不是其投資組合。與鐵路公司一樣,其中很多公司的業(yè)績(jī)都存在周期性。因此,伯克希爾股價(jià)的下跌可能源于投資者對(duì)美國經(jīng)濟(jì)的擔(dān)憂。

與此同時(shí),美國其他一些股票的跌幅已經(jīng)超過了熊市門檻。例如蘋果,自8月便正式進(jìn)入了熊市,目前的股價(jià)仍比去年2月的峰值水平低25%。沃爾瑪?shù)墓善痹?1月進(jìn)入了熊市模式,其當(dāng)前的股價(jià)較一年前的峰值下跌了30%。2015年股市的領(lǐng)跑者Netflix在一周多前開始走熊:其股價(jià)較去年12月初的峰值水平下跌了27%。

而就版塊而言,美國唯一真正進(jìn)入熊市的板塊只有小市值股,也就是市值小于50億美元的那些公司。小市值企業(yè)Russell 2000指數(shù)較去年6月的峰值水平下探了23%。還有某些特定的行業(yè)股,例如石油和生物科技股,已經(jīng)深陷熊市數(shù)月,主要?dú)w咎于能源價(jià)格的低迷以及監(jiān)管因素。

標(biāo)普Capital IQ公司美國股票策略師山姆?斯托沃在紀(jì)要中指出,納斯達(dá)克綜合指數(shù)較7月的峰值下跌了13%,標(biāo)普500較5月的歷史新高下探了近12%,而且仍“處于下行階段”。

斯托沃在最新的紀(jì)要中寫道,在歷史上,標(biāo)普500下跌20%進(jìn)入熊市用了9個(gè)月的時(shí)間。目前我們已經(jīng)到了第8個(gè)月的關(guān)頭,因此按照這一邏輯,標(biāo)普2月會(huì)進(jìn)入熊市,但那時(shí)并非是熊市的終點(diǎn)。斯托沃指出:熊市通常還要經(jīng)歷5個(gè)月的時(shí)間才會(huì)觸底,到那時(shí),標(biāo)普500較其峰值水平的跌幅將超過30%。

一旦觸底,股價(jià)的恢復(fù)將是一個(gè)漫長(zhǎng)的過程。斯托沃稱,熊市的平均恢復(fù)期約為兩年。然而,如果股市繼續(xù)在當(dāng)前的修正范圍內(nèi)波動(dòng)(即跌幅較其峰值水平大于10%,小于20%),那么前景還能稍微樂觀一點(diǎn):股市可能僅需4個(gè)月左右的時(shí)間便能從谷底恢復(fù)如初。(財(cái)富中文網(wǎng))

譯者:馮豐

校對(duì):詹妮

It’s important to note, however, that unlike in the recession years, the Oracle does not shoulder the full responsibility for his investment performance anymore, as Buffett now has two deputies, Todd Combs and Ted Weschler, helping him manage Berkshire’s investments. What’s more, Berkshire derives more of its income these days from the various companies it owns, like railroad Burlington Northern Santa Fe, than its investment portfolio. And like the railroad, many of those companies tend to be cyclical. So the drop in Berkshire’s stock could be driven by investors’ fears about the U.S. economy.

Meanwhile, certain other U.S. stocks have already fallen beyond the threshold of a bear market. Apple AAPL -1.95% , for example, officially entered a bear market in August, and is still down 25% from its peak last February. Walmart WMT 1.21% stock fell into a bear market in November, currently off 30% from its high about a year ago. And Netflix NFLX -1.59% , the best-performing stock of 2015, hit a bear market a little more than a week ago: The stock has fallen 27% since its peak in early December.

Categorically speaking, though, the only U.S. stocks that are actually in a bear market are small-cap stocks, or companies with a market value of less than $5 billion: The Russell 2000 index of small-cap companies has fallen 23% since its high in June. Certain other sectors, such as oil and biotech stocks, have been in a bear market for months, punished by low energy prices and regulatory concerns, respectively.

The Nasdaq Composite index has fallen 13% from its peak in July, and the S&P 500 is down nearly 12% from its May all-time high, though it “remains in a bearish position,” according to a note by Sam Stovall, U.S. equity strategist for S&P Capital IQ.

Historically, it has taken nine months for the S&P 500 to decline 20% from its peak to reach a bear market, Stovall wrote in a note on Monday. We’re at the eight-month mark now, so by that logic, we could be in a bear market by February. But bears don’t stop there, Stovall points out: the average bear takes another five months to hit bottom, at which point the S&P 500 has fallen more than 30% from its high.

At that point, it will be a long road back to the top: The average bear market took about two years to recover, according to Stovall. But if the market continues to hover in its current correction range (marked by a fall of greater than 10% but less than 20% from its peak), the outlook is a bit sunnier: It should only take four months or so for the market to bounce back from its low.

掃描二維碼下載財(cái)富APP
日本免费一区二区三区在线播放| 色婷婷综合久久久久精品| 亚洲精品无码专区国产乱码| 精品自拍视频在线观看| 亚洲热在线免费观看一二三区| 区在线观看亚洲欧洲日产国码aⅴ系列天堂| 国产精品无码亚洲字幕资不卡| 久久久无码精品亚洲日韩软件| 国产二级一片内射视频插放| 全免费a级毛片免费看视频免| 久久综合久久鬼色| 国产精品成人一区二区三区| 午夜福利理论片在线观看播放| 国产精品一区二区AV| 亚洲熟妇AV一区二区三区浪潮| 毛片a级毛片免费观看品善网| 亚洲国产精品一区二区久久| 国产一区二区三区网站| 另类 专区 欧美 制服丝袜| 国产精品女人一区二区三区| 亚洲va欧美va国产综合| 久久久久亚洲国产AV麻豆| 无码人妻一区二区三区精品视频| av一区二区三区不卡在线| 欧美性生活一级片| 97人人添人澡人人爽超碰| 99久久久精品免费| 亚洲AV色香蕉一区二区| 免费观看的AV毛片的网站| 漂亮人妻中文字幕丝袜| 国语对白露脸XXXXXX,亚州av综合色区无码一区| 亚洲性色AV日韩在线观看| 日韩精品内射视频免费观看| 国产无玛精品一区二区三区| 国产仑乱老女人露脸的怀孕的| 成人无码一区二区三区网站| 国产午夜无码视频免费网站| 亚洲中文成人无码字幕| 特级丰满少妇一级AAAA爱毛片| 国产精品视频一区国模私拍| 亚洲无码视频网站|