I think in 2011 that we're going to go through a bull market.
我觉得在2011年,我们将会经历牛市。
But we are not in a bull market.
但是,现在并非牛市。
In a bull market hedges should diminish returns.
在牛市中,对冲基金应该会使投资者收益减少。
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
I think this 2011 that we're going to go through a bull market,
我觉得今年,也就是2011年会是个牛市,
You certainly have to measure the bull market, from 1982 to 2000 and some people would say that 2000 was just a blip and we're still in this bull market.
当然估量一下这段,从1982年到2000年的牛市,有些人会说,2000不是结束,我们仍处于牛市中
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