长期证券

The father is clay-cold, she discovers that father is a confirmed gambler unexpectedly, the in home is already a text does not remain, the creditor still seeks to come continuously, although the father's company business condition still on the whole good, the company shareholder spot they will not manage finance, cheated to walk their little bit and only property;At this time the cancer once more again encroaches upon the her body, the mother and younger sisters are unexpectedly to leave her but go to the ……… in a crash in every possible way hesitant medium, she is in " seek one more permanent job" and" the oneself stand up" these two voices win election to choose to listen to the latter, starting her freshman live from the temporary salesman of the stock certificate company, at this time, she is already 40 years old!

父亲死后，她竟然发现父亲是个赌鬼，家中早已一文不剩，债主还不断找上门，父亲的公司营业状况虽然还算良好，但公司股东看准他们不会理财，就骗走了他们仅有的一点财产；这时癌症又再度侵袭她的身体，母亲和妹妹竟然在一次空难中离她而去………百般犹豫中，她在「再找个长期饭票」和「自己站起来」这两个声音中选择听从后者，从证券公司的临时业务员开始她的新生活，这时，她已经四十岁了！

Investors can also trade-offs, to relax these controls may still cause a certain degree of short-term price shocks, it is therefore expected to contribute to the long-term relationship between market supply and demand balance, inflation and the breakdown of foam broke off a vicious cycle of re-emergence of the basis for long-term development of China's stock market in terms of not necessarily a good thing.

投资者也可权衡，这些管制放松仍可能造成短期价格波动一定程度，因此，预期将有助于市场之间的供求平衡，通货膨胀和泡沫破裂打破长期合作关系过了一个重新的恶性循环的长期的中国证券市场长远发展的基础上出现的并不一定是好事条件。

Chapter six presents such new concepts as margin utility contribution force, profit-risk exchange rate, state-expectation-variance utility function, long-term expectation-variance utility curve and optimal portfolio expansion curve. The state-expectation-variance analytical method is developed from the expectation-variance analytical method. The changing rate of profit-risk exchange rate to state variable is used to define and distinguish the decreasing, constant and increasing relative risk aversion. A decomposition formula about the margin contribution force of holding wealth to state-expectation-variance utility function is displayed. The decomposition formula demonstrates that the contribution force of investors' holding wealth to their utility is composed of the pure contribution force of holding wealth and the investment contribution force bronght about through investment portfolio.

第六章提出了边际效用贡献力、收益—风险替换率、状态—期望—方差效用函数、长期期望—方差效用曲线、最优证券组合扩展线等新概念；把期望—方差分析方法发展成状态—期望—方差分析方法；用收益—风险替换率对状态变量ω的变化率来定义和区分递减、定常、递增相对风险厌恶；获得了持有财富对状态—期望—方差效用函数的边际贡献力的分解式，该分解公式表明投资者的持有财富对他的效用的贡献力由持有财富本身的纯贡献力和持有财富通过投资证券组合所产生的投资贡献力所组成。

If you anticipate a drawn-out downtrend, it is better to sell short the underlying security.

如果你希望会长期下跌，那么最好是做空标的证券。

As people know, the real gainer in the market takes up five percents of all investors only and most of them are the directors of board and bosses.

大家都公认，从长期看，在证券市场起起伏伏中的真正赢家，其实只占整体投资人的百分之五。而这些赢家也绝大部分是公司的董监及老板们。

That sell decision is as rational in a Wall Street context as the Papua New Guinean's decision not to maximise the returns from his block of land are in his, even if in the long term your interests may be better served by holding on to those securities.

华尔街这种卖出决定，与那名巴布亚新几内亚人不去将土地收益最大化的决定一样的理性，不过长期来看，持有这些证券会带给你更丰厚的回报。

Therefore, we believe that the introduction of margin trading and securities lending market will help lay a solid foundation for stable operation of the internal and improve the market mechanism, and the short features will help reverse stock index futures arbitrage, from China Long-term development of the capital market point of view, is an extremely important financial innovation.

因此，我们认为，保证金交易和证券借贷市场的推出将有助于稳定奠定了坚实的基础运作的内部和完善市场机制，从短期功能将有助于扭转股指期货套利，从中国长期的角度发展资本市场的角度，是一个极为重要的金融创新。

Credit Suisse is planning to continue to operate in American residential mortgage-backed securities, for example, where markets are deeper and more liquid, but exit the sludgier European RMBS market, where the bank is forced to hold assets for longer.

比如，瑞信正计划继续经营美国住房抵押证券业务，并退出泥泞的欧洲住房抵押证券市场。美国市场潜力更大，也更有流动性，而在欧洲市场，银行被迫长期持有资产。

Founded in 1996, after more than ten years of long-term development, for workwear, promotional clothing, wear, medical services have accumulated rich experience to do a deep system, scope of business all over the country to serve more than 1,300 customers, and the International Electrotechnical and TCL, Hunan Baisha Group, Huaxia Securities Company, Dongfeng Motor Co., Ltd., Guangzhou Provincial People's Hospital, such as domestic and international well-known enterprises to establish long-term partnership.

公司成立于1996年，历经十余年的长期发展，对于工作服、促销服、职业装、医疗服积累了丰富、深厚制做经验，业务范围遍布全国，服务1300多家客户，并和TCL国际电工、湖南白沙集团、华夏证券公司、东风汽车有限公司、广州省人民医院等国内国际知名企业建立长期合作伙伴关系。

Securities, said a researcher in the vote, the discount will not be unlimited expansion of the market because of the long trend is expected to resume trading electricity is different, only that it was a discount of more than a long power loss that may arise, arbitrageurs will appear.

证券表示，在表决研究员，折扣也不会是因为长期市场的无限扩张的趋势，预计复牌电力是不同的，只是它是一个比一个长期的功率损耗可能出现更多的折扣，套利者会出现。

Breath, muscle contraction of the buttocks; arch body, as far as possible to hold his head, right leg straight towards the ceiling (peg-leg knee in order to avoid muscle tension).

呼气，收缩臀部肌肉；拱起身体，尽量抬起头来，右腿伸直朝向天花板（膝微屈，以避免肌肉紧张）。

The cost of moving grain food products was unchanged from May, but year over year are up 8%.

粮食产品的运输费用与5月份相比没有变化，但却比去年同期高8％。