The flip side of the lack of confidence in stocks is an overextended bull market in fixed-income securities, Buffett said.

股票市场缺少信心的另一面是固定收益市场过渡扩张的牛市，巴菲特说。

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So, for example, in the latter stages of the current cyclical bull market, gold and other hedges against inflation got relatively cheaper as stocks continued to soar.

举个例子，在当前这个周期反弹到后半段的时候，在股市飙升的同时，黄金和其他通胀对冲保值产品会相对较为便宜。

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The stimulus was announced in November after the crippling global financial and credit crisis brought a five-year bull run in Asian stocks to a halt.

在突如其来的全球金融危机和信贷危机终结了亚洲股市五年来的牛市后，中国在11月份公布了经济刺激计划。

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The '70s were a terrible time to invest in stocks, a bull market had started in 1982.

0年代股票投资一直萎靡不振,牛市在1982年才露端倪

耶鲁公开课 - 金融市场课程节选

We were five years into this bull market and people were getting excited about the fact that stocks were going up and equity allocations were at a fifteen-year high.

历经五年牛市,人们越来越兴奋起来,股市持续攀升,权益投资达到了15年来的最高点

耶鲁公开课 - 金融市场课程节选

With the bull run in stocks over, life insurance and annuities could suffer, too.

ECONOMIST: Is AIG the Citigroup of insurance?

Should you still be a bull on fertilizer stocks--or is the bullish case a bunch of manure?

FORBES: Magazine Article

The product proved to be a needless insurance policy in what became a seven-year bull run for stocks.

FORBES: Another Option