空頭市場
bearish market
空頭市場又稱為「熊市」,代表市場持續下跌的現象。空頭是投資者和券商認為現時股價雖然較高,但對股市前景看壞,預計股價將會下跌,於是把借來的股票及時賣出,待股價跌至某一價位時再買進,以獲取差額收益。採用這種先賣出後買進、從中賺取差價的交易方式稱空頭。空頭市場股價變化的特徵是一連串的大跌小漲。
Bear market, also known as "bear market", the representative of the market continued to decline phenomenon. Short investors and brokers think that the present share price, although high, but the prospects look bad for the stock market, stock prices will fall is expected, so the time to sell borrowed stock and then buy when the stock fell to a certain price to be to get the difference between the earnings. After selling the first use of this buy, pocketing the difference of the transactions referred to short. Bear market stock price changes is characterized by a series of crash was up.