BULL markets are about more than just rising prices.

牛市不仅仅是股指上升。

Too many funds relied on leverage to ride the bull markets.

太多的基金想利用杠杆来驾驭这个疯狂的市场。

Most bull markets progress in three psychological phases.

牛市的进程有三个心理阶段。

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。

And this is in the context of one of the greatest bull markets ever.

这就是，史上最旺牛市之一的来龙去脉。

As all bull markets do, it has successfully climbed that wall of worry.

就像所有的牛市一样，它已经成功的攀上了焦虑之墙。

Accessories are also chosen with bull markets and bonuses in mind.

在选择配饰时也要想着牛市和红利。

All bull markets have corrections and setbacks and this one is in oil.

所有牛市都有回落和倒退的时候，这一次在石油上。

When bull markets stop, those effects tend very quickly to go into reverse.

当牛市不再，这些影响迅速反向作用。

I don't panic in bear markets, and bull markets make me uncomfortable.

我对熊市并不恐慌，牛市却会让我感到不舒服。

Certainly, last night's gala was a reminder of bull markets of yesteryear.

的确，昨夜的庆祝让我们想起了前些年的牛市。

Bull markets don't move steadily in one direction any more than bear markets do.

与熊市一样，牛市也不是平稳地朝着一个方向走。

Many of these prudent traits of companies are ignored by investors during bull markets.

在牛市时，不少具备这些稳妥特征的公司为投资者所忽略，这种做法很危险。

But a careful review of past bull markets shows that this is not a helpful thing to do.

但是审视一下之前的牛市就知道这种做法毫无裨益。

Fundamentally based bull markets typically arise when investors are very risk averse.

当投资者都非常规避风险的时候，通常就会出现基于根本基础上的牛市。

It consists of several components, one of which, ADX, helps identify new bull markets.

它包含了几个部分，包括ADX指标，确认新的多头市场。

There have been recurring long bull markets in commodities and we are now in another one.

商品牛市不断重复，我们现在正处于另一个。

“Fixed income has been one of the longest-duration bull markets in the world, ” Ms Matsui notes.

“其固定收益堪称世界最长牛市。” 松井女士指出。

This is especially relevant to participants in bull markets since bulls are herding animals.

这是特别重要的参与者牛市以来多头放牧动物。

The only thing that will end the bull markets is huge new su ly, and that is not on the CARDS.

唯一能结束这次牛市的事件是巨量新供应，但这还没发生。

New bull markets hardly ever look and feel the same as the ones that immediately preceded them.

新出现的牛市行情一点也不像它之前的那一轮牛市。

In the bull markets, investors made their fortunes, generally driving shares up to excessive valuations.

而在牛市中，投资者大发横财，往往将股票价格炒得过高。

The bull markets have averaged about 19 years or so whenever su ly and demand have gotten out of balance.

牛市平均时间是19年左右，每每发生在供应和需求失衡之后。

Strong market rallies — even three - to four-year cyclical bull markets — can take place inside a longer bear market trend.

股市强势上升——甚至升个3到4年的周期性牛市——在长期大熊趋势中也是可能的。

The price of hedging varies, rising when markets are volatile and investors most need it, and declining during bull markets.

对冲价格并不是一成不变的，当市场波动增加、投资者需求旺盛时，对冲价格也会增加；而在牛市中，对冲价格会有所下降。

Tellingly, it hardly ever has been the case in the U.S. that a sector or industry group is the leader of two successive bull markets.

坦言之，在美国，还没有说哪一个板块或行业群是连续两个牛市的领涨者。

To paraphrase Leo Tolstoy in "Anna Karenina" : happy bull markets are all alike; every unhappy bear market is unhappy in its own way.

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。

Tellingly, it hardly ever has been the case in the U. s. that a sector or industry group is the leader of two successive bull markets.

坦言之，在美国，还没有说哪一个板块或行业群是连续两个牛市的领涨者。