The longest bull-run in a century of art-market history ended on a dramatic note with a sale of 56 works by Damien Hirst.
艺术市场一个世纪的历史上最长的牛市在达米安·赫斯特的56幅作品售出后戏剧性地结束了。
A savvy market watcher, who has been correctly bearish on stocks, says the next bull market will likely start soon — and it should be a big one.
一位曾经准确预测熊市的精明的市场观察家表示：下一轮牛市即将开始，并且它将是一个更大的牛市。
The bull market should make life sweet for securities analysts-at times, too sweet.
在牛市中，证券分析师的生活很美好，但有时候，简直是太美好了。
When historians review the great bull market behind the credit crunch that began in 2007, one artefact that may give them pause is the rich list.
当历史学家回顾始于2007年的信贷危机背后的大牛市时，有一样人工事物可能会让他们心生踌躇，那就是：富豪榜。
The great bull market of the past quarter century is commemorated by millions of empty houses without anyone to buy them.
以往四分之一世纪所承载的隆隆牛市亦因建起了数百万空宅却难觅买家而为人所纪念。
We are only one year into the new Chinese bull market and I think it has the potential to go on for several more years.
就中国新出现的这波牛市而言，我们只不过晚了一年，我认为它有潜力再持续几年。
Its completion due date is 2014 - in time for the next global bull market.
这座建筑完工日期定于2014年——下一轮全球牛市的时间。
Many equity investors sold all their holdings out of fear and missed the bull market of 2009.
很多资产投资者出于恐惧抛售了他们所有的持有，而错过了2009年的牛市。
But even those who have profited from the long bull market acknowledge that there are risks.
然而即使是受益于长期牛市的人也承认目前存在风险。
For a while this view seemed to be borne out by the long bull market in equities.
一段时间来，这种观点在长期的股票牛市中似乎得到证实。
By shrinking the supply of shares in the market, the buy-back splurge played its own part in prolonging the bull market.
通过减少流通中股票供给，回购的挥霍行为也使自己成为了延长牛市的一部分。
This remarkable move required just 17 days, the fastest, steepest rally since 1938, which makes it the fastest bull market in my lifetime.
这种惊人的飙升只用了17天，是1938年以来上涨速度最快、最剧烈的一次，也是我这辈子见过的上涨最快的牛市。
Even in China, where the bull market has had many supporters, analysts believe the PetroChina valuation has got out of hand.
即使在“牛市论”拥有众多支持者的中国，分析人士仍认为中石油的估值已然失控。
The bull market will end — but when is the question.
牛市将会结束，问题是何时结束。
Yes, there will always be some individual or firm cashing in on the latest bull market, but it probably won't be the big firms like Goldman, J.P. Morgan or Morgan Stanley.
当然，总会有一些个人或者企业闯进最近的牛市，但它不太可能是像高盛、摩根大通或者摩根斯坦利这样的大企业。
But the buying proved tepid and turned to net selling in the latter part of 2006, even before the bull market ended in 2007.
但是投资者的买进一直不温不火，甚至还没等到2007年牛市结束，到2006年下半年的时候他们已经转而开始净卖出了。
THE equity bull market had many foundations, including low interest rates and steady global growth.
股场牛市需要广泛基础，包括低利率及全球稳定增长。
And the bull market had scarcely even begun.
而牛市甚至还几乎尚未开始。
If this secular bear market lasts as long as the last secular bull market, we're only a little more than halfway through it.
如果这个长熊持续时间和上一个长牛一样长的话，我们才走过了一半多一点。
And the recent run up in the stock market has many arguing that the bull market won't last much longer.
而且，在最近的美国股市上涨中有很多人认为牛市将不会持续太久。
A shareholder vote might help avert them-by, for instance, curbing the excessive award of stock options in the bull market (less than 10% of which, incidentally, went to the top executives).
股东投票或许有助于消除它们——比如说抑制牛市中过量的股票期权奖励(顺便提及，其中10%都给予了高管)。
An asset with a beta of more than 1 rises more than the market in bull phases (or falls more when the market drops); an asset with a beta of less than 1 moves less violently.
贝塔相关指数达到1以上的资产，较之身处牛市涨势还快，或者是比身处熊市下跌的还快。若此时相关指数不到1的话，资产波动幅度就没有这么剧烈了。
A recent example was the long-running bull market from 1982 through 2000.
最近的一个前车之鉴是1982到2000年的大牛市。
Remember that the last great bull market ran for almost 20 years.
要记得，上一次大牛市持续了几乎20年。
Remember that the last great bull market ran for almost 20 years.
要记得，上一次大牛市持续了几乎20年。
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