暂缓respite from market gyrations 旋转 one more seismic地震的 bout of 一阵volatility
Last Friday, when stocks were tumbling, we reported "some good news for the bulls" which was lost in the overall chaos over the latest mutual fund liquidation discussed earlier.
And no, we did not anticipate that President Trump would activate the Plunge Protection Team over the weekend: the good news in question was that as Wells Fargo calculated U.S. defined-benefit pensions fund would need to implement a "giant rebalancing out of bonds and into stocks" - in fact the biggest in history - with the bank estimating roughly $64 billion in equity purchases in the last trading days of the quarter and year, prompting the banks to ask if traders are about to make pension rebalancing "great" again.
Judging by today's market action, the answer is a resounding yes, even though as Wells warned investors and traders looking for a desperately needed respite from market gyrations "may have to deal with yet one more seismic bout of volatility before Dec 31 finally pops up on their calendar dials."
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《Applied Linear Algebra and Matrix Analysis》(Thomas S. Shores),part 1:LINEAR SYSTEMS OF EQUATIONS
The geometrical approach becomes impractical as a means of obtaining an explicit solution to our problem: graphing in three dimensions
on a flat sheet of paper doesn’t lead to very accurate answers! Nonetheless,the geometrical approach gives us a qualitative idea of what to expect without actually solving the system of equations.