Then came renewal, in the form of a fresh uptrend that began with only three trading days left in the year. No, the nascent market rally did not correspond precisely with the change in seasons, but the metaphor still applies.
之后开始回升:2018年末的最后三个交易日内,开始出现上涨走势。新生市场的走势与季节的变化并不完全一致,但这一比喻仍旧适用。
The rally that began in late December is part of a much longer bull market that got under way in March 2009. Since then, the S&P 500 has risen 327%.
12月底的反弹实则是2009年3月开始的较长周期的牛市的一部分。自2009年以来,标准普尔500指数已上涨327%。
The aging bull may be getting somewhat long in the tooth. It's certainly due for a major correction at some point, but no one - including prognosticators in the "guru" class - knows when.
病态牛市差不多快要到头了。重大调整一定会发生,但没有人知道重大调整的具体时间--包括"大师"级别的预测家。
There are ways to protect yourself in a market correction so you enjoy the all-but-certain turnaround that eventually sends stocks higher. But the steps to shore up your portfolio are not necessarily what you might think. It's not easy to sit through a severe downturn and stick to your pre-determined strategy; you may feel an impulse to do something - anything - to stem the bleeding.
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