Like Bull Markets的意思|示意

LIKE the AGING HAS-BEEN WHO ruefully looks back on his glory days in high school, many investors frequently replay previous bull markets in their minds.

人一老就开始回顾自己初中时的辉煌，同理很多投资人经常在头脑里一遍一遍地回顾之前的牛市。

But just like the Rocky franchise, bull runs on financial markets have a habit of going on much longer than most people expect.

但正像是“洛奇特权”一样，牛市也已经养成了这样一种习惯，那就是它在金融市场上的持续时间，要比大多数人预料的时间长的多。

Bull markets, the saying goes, like to climb a wall of worry.

历来就有这样的说法——牛市总需要翻越忧虑之墙。

Too much worry about things like the risk premium and earnings yields would have kept people out of recent bull markets, says Richard Bernstein, Merrill Lynch's chief quantitative strategist.

太多担心的事情一样， 风险溢价 和收益率将保持人民摆脱最近的牛市说，理查德伯恩斯坦，美林证券的首席战略家的定量。