这位顾问是否在牛市和熊市都表现出色？
在牛市价差中使用较低的两个执行价格，在熊市价差中使用较高的执行价格。
The lower two strike prices are used in the bull spread, and the higher strike price in the bear spread.
牛市需要每天为它提供给养；熊市只需要一个星期为它提供一次给养。
A bull market needs to be fed every day, a bear market only once a week.
我们甚至可以把华尔街的那句老话改成：牛市能赚钱，熊市能赚钱，但传统智慧却会让你惨遭宰割。
One might even amend the old Wall Street saying to read: bulls make money, bears make money, but conventional wisdom gets slaughtered.
剥用列夫·托尔斯泰在《安娜·卡列尼娜》里的一句名言：所有快乐的牛市都一样，所有不快乐的熊市都各有不同。
To paraphrase Leo Tolstoy in "Anna Karenina" : happy bull markets are all alike; every unhappy bear market is unhappy in its own way.
当商品价格上涨，投资者就只关注牛市信息而忽视熊市信息。
When commodity prices are on the rise, investors only pay attention to bullish news and ignore bearish news.
这个较高的高点和低点的组合就意味着熊市确实结束了，股市已经转向另一个牛市。
That combination of a higher high and a higher low would mean that the bear market had indeed ended and that stocks had moved into another bull market.
期货交易不是依赖于牛市或熊市。
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。
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.
所以当住房的牛市到来得过早时，近期再现的房屋熊市却可能到来得太晚。
So while housing bulls were perhaps too earlier, the recent resurgence of housing bears are probably arriving too late. Here's why.
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。
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.
与熊市一样，牛市也不是平稳地朝着一个方向走。
Bull markets don't move steadily in one direction any more than bear markets do.
对于我们其余的人，在超级熊市中的短期牛市里进行操作，可能就是一个挑战啦。
For the rest of us, executing a strategy that can navigate a relatively short-term bull market and a relatively long-term bear might be a bit of a challenge.
你所要做的就是在熊市的底部，但是市场开始恢复的时候开始你的选股，然后搭上下一个十年牛市快车，对吧？
All you have to do, it turns out, is start your picks in the bottom of a bear market but close to a recovery, then ride out the next 10-year bull market, right?
牛市生财，熊市生财，只有猪被宰杀。
值得注意的是，在本次调查中，我特别查看牛市顾问占所有牛市顾问和熊市顾问总和的比率。
Specifically, I focused on the ratio of bullish advisors in this survey to the total of those who are either bullish or bearish.
分辨牛市，熊市，以及关于股市的其他动物。
The distinguish among the bulls, the bears, and other animals used in stock markets.
华尔街正在经历着有趣的一周，评论家们在争论着今年的道琼斯指数是牛市的开端呢还是会进入熊市。
Wall Street faces an interesting few weeks as commentators debate whether the recovery in the Dow Jones average this year is the start of a new bull market or heading for a fall.
其它策略也不太奏效，如年复一年的“追涨杀跌”，因为亚洲地区的股市易于波动，常在牛市期与熊市期之间剧烈摇摆。
Other strategies, such as "buying the winners" year after year are also not very good because the region is prone to volatile markets and sharp swings between bull and bear periods.
可以说现在是一个转型期，从短期的熊市开始转到牛市。
It can be said now is a transition from - term bull market to bear market started.
新闻媒介的影响力并不足以造就牛市或熊市行情。
The media haven't such kind of influence as to create either a bull market or a bear market.
而牛市中的输家组合和熊市中的底家组合都存在着价格的反转。
Price reversals exist in both the loser portfolio in bull market and the winner portfolio in bear market.
投资者和股票经纪人通过观察行情版来判断现在的股票是熊市还是牛市。
Investors and brokers watch the Big Board to see if the stock market is a bull market or a bear market.
诚然，1929年的记忆已逐渐消逝，但牛市仍在继续发生，随后有关投机过度的流言则开始四处传播，接着就发生熊市。
True, the memory of 1929 was gradually receding, but there continued to be bull markets, with widespread tales of speculative excess, followed by bear markets.
在不断上涨的牛市，分红就像是古怪的遗留物，但是，到了熊市，它又成了测试股票的方法。
A dividend may seem like a quaint relic in a go-go bull market, but when the chips are down the ultimate test of a stock is how much income it generates.
牛市能赚，熊市能赚；猪，只能被宰。
类似于经济周期不同阶段的反复更替，国际(NBSK)纸浆市场也在“牛市”和“熊市”的不断更替中演进。
Just like the rotation of the different stages of the economic cycle, the international (NBSK) pulp market also progresses in the successive rotation of "bull market" and "bear market".
第三，添加了哑变量d_1，对于处于股市的不同阶段(牛市和熊市)可能对基金收益产生的贡献给予不同的权重。
Third, dummy variable D_1 was included. The contribution to the earning rate of fund by different market conditions (bull and bear) was considered.
第三，添加了哑变量d_1，对于处于股市的不同阶段(牛市和熊市)可能对基金收益产生的贡献给予不同的权重。
Third, dummy variable D_1 was included. The contribution to the earning rate of fund by different market conditions (bull and bear) was considered.
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