虽然大多数的振荡发生在债券市场而非股票市场，但是整个金融市场表现出一种上下起伏的回旋状态。
Most of the action was in bonds rather than equities , but all financial markets experienced gyrations.
所以，如果你正在为退休做打算，是不是意味着你应该买几幅画，而非股票或房地产呢？“这可不一定。”
So, if you're planning for retirement, does that mean you should buy a few paintings instead of stocks or real estate?
这就是为什么在多数情况下是对奖金结构，而非奖金数量进行调整。年度奖金现在有更大比例是以股票形式发放，这些股票需要持有到一定年限才能卖出。
That is why most of the changes have been on the composition, not the amount, of bonuses, with a greater percentage of annual payouts now awarded in stock that can't be sold for years.
“这是股票，而非信贷风险”其中一位银行家说，“今天如果股票投资者把钱投给JLR，那他们就希望有40%- 50%的回报。”
"This is equity risk, not credit risk," says one: if equity investors were to put money into JLR today, they would want a 40-50% return.
不过，那些领奖人也是个个不高兴，因为他们都在抱怨薪酬中太多一部分是以股票而非现金形式发放。
But some recipients are none too happy, either: They're complaining too much of the payout is coming in stock instead of cash.
而这些唯利是图的对冲基金留意的是他们自身投资者的利益，而非其交易股票 的投资者的利益。
These for-profit hedge funds look out for their own investors' interests and not that of investors in the stocks they trade.
研究者发现其中存在的赞同性专题大大超出反对性专题，同时（股民）要求股票经纪人们多建议一些可以买进的股票而非需抛出的股票，这成为对于这种显著趋势的反响。
The researchers found that there were a lot more positive than negative stories, an echo of the well-known tendency for stockbrokers to issue more buy than sell recommendations.
越来越多的新发债券和股票被非公开配售而非公开发售。
new issues of bonds and equities are increasingly made via private placements rather than public offerings.
沽出期权则给予权力，而非强制约束，持有人以固订价格卖出股票。
B put gives the holder the right, but not the obligation, to tender a share and receive, in return, a fixed price.
于是，你会赚了十倍左右，如果你买股票，而非未来。
Therefore, you will earn around tenfold if you buy option rather than share or future.
如果股价下跌而非上涨，他会卖掉股票接受损失。
If a stock goes down instead of up, he sells it and accepts the loss.
如果股价下跌而非上涨，他会卖掉股票接受损失。
If a stock goes down instead of up, he sells it and accepts the loss.
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