Recently, I fell in love to do toast, because the toast is simple, just roll up roll after the middle of relaxation, into molds to little things, ha! In fact, my works are not very satisfactory, but with the pro- have all the momentum blogging full, so I also envious, so we will be on the Look, it is important to share their feelings is enough!
chocolate toast \volume
material:
A: 250 grams of high-powder, dry yeast, 5 grams, 100 grams of water (I added the amount of a), 40 grams of sugar, salt, 3 grams, 7 grams of cocoa powder, chocolate, 25 grams of beans, eggs 25 grams, butter 12.5 grams of B: crisp pineapple 100 grams, 50 grams
Klimt stuffing toast with the general practice of the same. Finally, after fermentation, after filling the surface to squeeze onto the Klimt, you can sprinkle baking pineapple cakes.
Klimt filling:
material: flour 4 grams, 20 grams of whole egg, milk 50 grams, cream 20 grams, 25 grams of water, 7.5 grams of corn flour, sugar and 22.5 g
practice:
milk, sugar and water boiled together.
flour, corn flour, eggs, mix well together.
Step 1 exit after boiling in Step 2 into the mix.
back to the stove boil (stirring constantly) from heat.
stir in butter, cool reserve.
crisp pineapple:
raw materials: sugar 25 grams, cream 25 grams, 50 grams
flour Method: knead all ingredients together by hand to fine powder.
Thursday, December 30, 2010
Wednesday, December 29, 2010
Chocolate - Valentine's candy
Chocolate mm displays of affection, greeting cards and flowers. I take the occasion to talk chocolate festival, in a festive atmosphere pleasant, understanding the knowledge of chocolate, I think would be beneficial physical and mental health.
understanding of the knowledge about the chocolate, will be based on their own constitution, different temperatures, different locations, different times of needs, a reasonable choice for their own different varieties of chocolate for health refueling.
Valentine's Day chocolate is a true Theobromine is a healthy anti-sedative composition, can enhance the excitement of the function, will make people in high spirits. In addition, chocolate contains phenylethylamine Neiheermeng can cause changes in the human body, people are more willing to close the opposite sex. So chocolate is a lover of heavy gifts.
send each other Valentine's Day chocolate, and more focus on the feelings of chocolate Kujinganlai bitterness also mixed. chocolate melts in the mouth, as if enjoying a lover's whisper soft words in general, feel good. In fact, the mood is conducive to health!
my relevant log:
2009-02-07 | chocolate bittersweet chocolate mm to listen to the voices of real understanding of chocolate
2009-02-07 | chocolate mm 06 | brain food chocolate
2009-02-06 | Chocolate mm of fat in the blood to prevent deterioration
2009-02-06 | chocolate mm mood regulator
2009-02-06 | Why is chocolate addiction?
2009-02-06 | why children avoid eating chocolate?
Tip: On the universal spirit of nutrition knowledge, is conducive to public health, the main Bo Bowen says his original writing, all Notes to allow non- Reprinted with online business, but to respect the original text, but also for the dignity of knowledge, please indicate the name, attach a link to the blog, if the media published or commercial application please contact me or message (also told by the destination and name) Thank you for your understanding help! In the interest of public health, willing to work with you! friendship invitation of the way, see next video, thank you!
understanding of the knowledge about the chocolate, will be based on their own constitution, different temperatures, different locations, different times of needs, a reasonable choice for their own different varieties of chocolate for health refueling.
Valentine's Day chocolate is a true Theobromine is a healthy anti-sedative composition, can enhance the excitement of the function, will make people in high spirits. In addition, chocolate contains phenylethylamine Neiheermeng can cause changes in the human body, people are more willing to close the opposite sex. So chocolate is a lover of heavy gifts.
send each other Valentine's Day chocolate, and more focus on the feelings of chocolate Kujinganlai bitterness also mixed. chocolate melts in the mouth, as if enjoying a lover's whisper soft words in general, feel good. In fact, the mood is conducive to health!
my relevant log:
2009-02-07 | chocolate bittersweet chocolate mm to listen to the voices of real understanding of chocolate
2009-02-07 | chocolate mm 06 | brain food chocolate
2009-02-06 | Chocolate mm of fat in the blood to prevent deterioration
2009-02-06 | chocolate mm mood regulator
2009-02-06 | Why is chocolate addiction?
2009-02-06 | why children avoid eating chocolate?
Tip: On the universal spirit of nutrition knowledge, is conducive to public health, the main Bo Bowen says his original writing, all Notes to allow non- Reprinted with online business, but to respect the original text, but also for the dignity of knowledge, please indicate the name, attach a link to the blog, if the media published or commercial application please contact me or message (also told by the destination and name) Thank you for your understanding help! In the interest of public health, willing to work with you! friendship invitation of the way, see next video, thank you!
Tuesday, December 28, 2010
Children's Cooking Workshop C - Easter Chocolate
Children's cooking workshops to three mm Easter chocolate
Cheers restaurant food made your own hands, or take home and share with your family and friends!
members 100 yuan / per child, non-members 150 yuan / per child per adult
This price includes free cup of coffee or soft drinks.
limited number of enrollment as soon as possible! April 2 email or telephone
members@ucca.org.cn
Cheers restaurant food made your own hands, or take home and share with your family and friends!
members 100 yuan / per child, non-members 150 yuan / per child per adult
This price includes free cup of coffee or soft drinks.
limited number of enrollment as soon as possible! April 2 email or telephone
members@ucca.org.cn
Monday, December 27, 2010
New investors to invest in education - heaven or hell, stock index futures
Zhang Weixing wonderful views
I personally think that the end of this year stock index futures, stock index futures will be introduced early next year to.
Great, but what most of the development needs of China's major financial markets are large, but the whole of China's rapid economic growth.
The greatest feature of futures trading is leverage, leverage means high risk, high return.
this new market is a gambling market, betting on the future.
such a large stock index, including the Shanghai and Shenzhen Index CSI 300, or are not necessary to consider the problem of manipulation.
some people to do more in the short period of shock are not making money, some people can earn big money, the key trends can not fight.
all the short-term futures 95% of traders lose money. I do not know that you are not that 5%, if not, I advise you not to short-term operation.
high volatility in the stock market added more than ten times leverage, the stock market risk is the heaven and Hell.
some investors realize that stock prices can not earn a lot of money.
Zhang Weixing: Hello everybody!
and information network: the problem of stock index futures have been rumors for a long time in the world yesterday, according to the market point in history there in terms of the largest rebound, rebound because, in addition to factors other than oversold, the market today or in another one or two days a timetable for the introduction of stock index futures will be announced Dec. 28 will be officially implemented. Zhang You When that stock index futures will be introduced to?
Zhang Weixing: stock index futures for a long time, is China an important part of the financial markets. I personally think that the end of this year, will be introduced early next year to stock index futures. because of repeated preparations , testing, software running, and member of the views of investors has been modified for a long time. In the past, when we talk about is the stock index futures in 3000, some people can not index the view is adjusted down, we have a relatively low point when the introduction of stock index futures, now passed 3,000 points, 4,000 points, 5,000 points are gone. If time is more delayed, the risk of introduction of large, low point in the introduction of more and more remote. the recent stock market have also been adjusted transferred to the 5000 points, do not expect the stock market may be set too deep, this is good timing of the introduction. I think the point is not important, no matter what point, it is necessary to push as soon as possible.
reason is simple, but what most of China's large demand for financial market development are great but the whole of China's rapid economic growth, rapid economic growth requires sound financial markets, financial markets, stock index futures is a very important part. sooner or later the stock index futures, we and innovative financial products do, as long as we need to do in the morning than the evening. The stock market is also a premature child, was not ready for a lot of things, but get out of the stock market or the financial markets have greatly promoted, regardless of any shortcomings or What is the problem, but do not worry, China's financial industry can take risks, you can afford the products of innovative products. Therefore, my view is that as soon as possible on.
power over the parties under the power, I think that time should be very fast. schedule is likely to be out this month. at the end or beginning to enter combat at the operational level.
and Information Network: Speaking of Sharon, the subject is involved in stock index futures investors, institutional investors to participate in no problem either hedging or arbitrage, retail participation is problematic, however, is said to have 15 million threshold, do you think individual investors can participate?
Zhang satellites: individual investors can be divided into the size and expertise of capacity, which is different, can not say you are an individual investor can not participate in stock index futures. I think that the first stock index futures by a professional to participate, you're not an organization in the knowledge that a professional investor, if your experience, abilities, knowledge is not enough, may are not professionals, or even lost badly, have a variety of experience in futures trading. Even if you are long time practitioners in the market, a lot of accumulated experience, but not the core of knowledge does not work, you need to have experience, and has the market practitioners knowledge, is the professional. You can learn, but you must remember that you have to pay the costs and the cost of learning and a lot of costs in order to become professionals. not to divide the size of funds. If you have 100 million, if experience not enough, you may lose 100 million to a few days, probably 100 million a day it was gone. and your professional knowledge to good, strong ability to create rich-quick stock index futures can give you the opportunity to make 20,30 million dollars, may be turned several times a few months, it is not uncommon in the futures market is a universal phenomenon.
index futures we have to understand it is a futures exchange. The greatest feature of futures trading is the leverage and leverage means high risk, high yield, we first high-yield on the back, look at high risk. the test is to leverage your trading flaws in the end be? not necessarily amplify your gains, but you the transaction process if flawed, will be enlarged by 10 times, is designed to grab your place defects. We do stock market, if the election 10 stocks 8 shares to make money, two stocks lose money, you must be making money. levels ; twenty-eight a leverage effect.
and Information Network: Like you said, no matter the situation there riches or just the principal amount gambled there the day the case of Ye Hao, you think it is a stock index futures which are trading , are hedging transactions, or arbitrage trading, or both are possible?
Zhang satellites: general investors hedging argument simply does not exist. The establishment of futures markets, economics textbooks which we General to set up their own things to find a reason or source, that we set up futures markets to hedge and so on. I think this is an excuse. In fact the futures market transactions to meet people's desire to meet the needs of a leverage of market. that straightforward point, it is a speculative market. now all the world's futures markets are all speculators, futures traders. I have to invest in the so-called speculation is to seize the opportunity, looking for opportunities to invest in the market people, with the leverage approach. including U.S. hedge funds, are now done in the way of leverage. futures market do not have to put on mask of their own, says he is investing or hedging, is in fact not the futures market is speculative of the market, speculation is not wrong, is a neutral term speculation, you seize the opportunity to make money, did not seize the opportunity to lose money, this is the rules of the market.
and information network: you said it interesting. But as far as we know, Chinese enterprises are in the international futures market seems to hedge, and all loss badly.
Zhang satellites: they speculate.
and information networks: they are not hedging hedge?
Zhang Satellite: for all their behavior in speculation. all enterprises in China, including CNOOC, China Aviation Oil's actions are all in the next one speculation. including the CAO, which is selling oil and oil orders has been completed, why would sell the oil it? is not so large that when the market demand, oil prices rose $ 40 a barrel to 40 dollars a barrel on the history of the highest, he was short on a lot of hope that oil prices fell profit taking after he was speculators, but the end result of speculative failure, the oil did not listen to his words, continuous boom, it crashed. including China's State Reserve Bureau is in the futures market speculation, not hedging, if Hedging should buy copper, because of the rapid development of Chinese economy, China needs copper, copper imports will affect the international price of copper, it should be in the market to buy more than a single copper, the risk to resolve out. because future prices are likely to rise, I real price risk locking, called hedging, but we see the CAO in short, betting oil prices. China's financial textbooks that do not know the evil nature of things, including the derivatives market is speculative, that is, gambling , be sure to confirm the speculation with a professional manner, to say he is not hedging, you are to put a layer mask of his own speculation, to cover up, loser in fact unclear.
and Information Network: SFC will require both broker, or QFII can only hedge fund, is not so that you can prevent them from arbitrage investment transactions?
Zhang satellite: agencies all orders, are bearish or bullish on behalf of the enterprise their own judgments, their own behavior. requirement is provided, the actual is the actual, if we are hedging by the provisions of the Commission, then who is the rival offer? no rival offer, they are buying stocks to buy more, hedging are one-way, can not be traded.
and Information Network: Awkwardness of votes held by the Fund must be passive, certainly the next empty one, because it can hedge.
Zhang Weixing: Fund This, QFII is not the case. QFII can not short stocks, is also heavily loaded with stocks, has also done under the control of a single hedge, by your logic, all the institutional investors to the next empty one.
and telecommunications network: there are some non-institutional investors, like private equity funds, hot money that they will see empty.
Zhang satellite: it becomes another bet. this new market is a gambling market, betting on the future. because the will not rise tomorrow? today to do the next one, if you want to order, and tomorrow is not a gambling element? you my analysis of the needs of various industries, the results it really is rising, this is a bet won. This is mental activity, I have to decision-making, go to the next single. gambling process, dare to pressure up, to buy 100 shares or 1000 shares have decision-making psychology, the process has the pressure on the gamble. bet on your strong determination to win big money. All of the investors do not hedge because the stock index futures is confused by the theory textbooks. wrong, the market is market speculation.
users: to push the domestic stock index futures, is CSI 300 is certainly not the future, it will introduce other index futures?
Zhang Weixing: now the Shanghai and Shenzhen 300, if the market demand, more scientific species, there will be many, including the Shanghai and Shenzhen 300, the Shanghai Composite Index, Shenzhen Component Index can do the number of stock index futures. as overseas, with China out of hundreds of stocks for the index, then a stock index futures, financial derivatives it is easy to do innovative work. As long as demand is there, we identity can, because the CSI 300 is relatively mature, after all, to do a limited number of constituent stocks. do analysis Ye Hao, an analyst of financial institutions to do, it is easier to accept. Now the Shanghai and Shenzhen 300 is preferred.
and Information Network: Management believes that the Shanghai and Shenzhen 300 will not be market manipulation. we think that Shanghai Composite Index heavyweight highly manipulated, for example, the oil accounted for more than ten percent, ninety percent are related to several sex. do you feel about?
Zhang satellite: such a large stock index, including the Shanghai and Shenzhen CSI 300 index, or are not necessary to consider the problem of manipulation, because there is no heavyweight stock can affect a large enough. For example, in the 10% of oil trading board is not able to affect the Shanghai Shenzhen 300 Index rose 10%, or, if not do not need to consider. of course have an impact, for example, rose 10%, but the contribution of the oil on the stock only 1% It will not be much problem.
and information network: If the index in terms of 5000, up more than 100 points is 2%.
Zhang satellite: it depends on how much money the market can push the oil to the daily limit. in the stock index futures on the list will pay a little push. This so-called control or leverage thing is worth the candle, with little money to pry a large interest, with the stock skid in oil, big money spent, have the interests of the small, do not match. so there is no use of manipulation to make a profit. I think not to worry.
and information network: the volatility of stock index futures on the market generally believed that the introduction of stock index futures to the future, not huge on the spot market volatility and even the spot market will become more stable, you agree with this view? that volatility will be greater or smaller?
Zhang satellite: early in previous years will certainly be greater. because the behavior of stock index futures burst open positions cause volatility than stock index futures, stock index will have some impact on and increase the volatility of stock. So two or three years ago because the stock index futures, but volatility will increase. because after all, institutional investors are not very mature, burst positions, the phenomenon will open a lot of volatility will increase.
normalization, enough to increase trading volume, such as stock index futures trading volume is very large, the number of shares will increase a lot. trading volume increased after emotional fluctuations caused by the market ironed out, for example, you screwed up, is open the. because you did not affect the amount of the market, enough to deal. Therefore, a number of flat stock volatility, stock volatility is also flat, because the amount of the greater the value the more profit spike situation is relatively small. If the market for us, in the short squeeze, but also in doing more, every day, lose money, you may have to liquidate, not take over the disk, space will be enormous price fluctuations . on this issue have a clear understanding. because of the amount of the initial problems, will increase the volatility index, developed to a certain period after the transaction volume is large enough, but volatility of stock index and stock index futures will be small, because there are hedgers , a little bit of glitches have cross-market arbitrage, increased the degree of trading frequency and trading volume, the market volatility to filter out the glitches.
and News Network: Do you mean to say that when the market is more mature, when the market introduction of stock index futures a long time, when the power will be more than speculative hedging power of big?
Zhang satellite: a cross-market arbitrage. because in the futures and spot markets at the same time do the two markets will All the glitches ironed.
and News Network: Since you say that the early introduction of stock index futures volatility is very risky, we worried that the policy-driven volatility, recent market after falling nearly 1,000 points, the policy is a guide fire cable. the last time you talked to a point, the differences between long and short large long and short single confrontation occurred, the amount of more than a single suddenly single down the empty defeated, how do?
Zhang satellites: the risk of stock index futures Investors are not here, the investors risk is limited, regardless of education or not, for the test, we have experienced is a risky stock index futures varieties, so think twice, will consider a variety of risks. Actual stock index futures on the biggest test is the government, because we all know, China is the policy of the city, the city policy is characterized by a new policy will often sudden, intrusive policies introduced, the volatility of stock index, which is a government department management impose the views of stock. It is uncertain .96, the index rose to 1200 points, we are very pleased with the results to the People's Daily editorial, you fried junk stocks to three daily limit. because of speculation the government level, the individual will add to the mix, leading stock index down. In the past, including editorial policies, , click on the index fell to 3400 points. this is the policy imposed.
If there is no stock index futures, these things are not directly related to the particular, say you buy a stock because the government is stuck with a certain policy or three daily limit, there is no significant relationship with the Government. The Government has not said how about the stock. the legal relationship is clear, and some stock in the stock no. so this is an indirect influence, rather than directly. So, we said in the past, said the city policy is not good, but the government is the index to go, is the stock to investors, and are not directly relationship. But with the stock index futures is very horrible, later the policy of the city. For example, if two time points, two warehouse receipts, and empty single for more than a single decisive battle, if the Government a policy decision, this time very troublesome because the introduction of the Government's policy as part of agency decision directly to heaven, part of the body go to hell; part of investors to riches, some investors lose everything. If the policy were introduced, do you dare to put up?
and Information Network: The Government will introduce such a situation? government would realize that such situations do?
Zhang satellite: very blunt way over the past policy of the city, looking up is not pleasing to the eye, and hit it, then drop deep to rescue the market, so only the policy of the city. Now some of tactics is not science. still have some problems. not so much in the stock market, but in the stock index futures will be a problem. At that time, National Development and the beam is not an issue between the nations, in fact, the trend of the Treasury for the Treasury. Health policy decisions of a body to determine a body to die. The question had committed in the future may also make that mistake.
and Information Network: How to avoid this from happening?
Zhang Weixing: policy of the city is characterized by its transparency, the United States has Bolan Ke Greenspan interference in the stock market, including U.S. President George W. Bush also made a speech when the stock market falls, the stock market up there intervention areas. But the transparency of decision-making, for example, when the Fed met the market knows, and one or two months prior to the market to know that can be analyzed from a cut in interest rates or interest rates. According to economic data, sitting in all the decision makers at their previous comments, their views, we can know the results of this meeting is to raise interest rates or interest rates or not cut interest rates. The meeting of basic transparency. This will come out ahead of all expectations reflected in the financial markets, the rise of rise, the fall down, so in general no major controversy.
in China, we do not know when meeting someone in a meeting, what policy would be introduced, which is the biggest problem. I think that China's stock index futures after the introduction of the role of one of the largest increasing transparency in decision-making, because there is no transparency in the decision-making can not play this game go.
and Information Network: No transparency in decision-making, when to advocate the introduction of stock index futures, not to make forerunner to pay you?
Zhang Satellite: China's stock market has grown to today, how many seniors do not pay the price? that there is no way, although the path is cruel, but it is also realistic in the current circumstances the best way, be sure to make people pay a price to pay for the whole community, the investors, the Government of all access to information, to know, should such a market.
and Information Network: If there were that day how to do stock index futures institutions , is not enough margin to do more, there is a bad policy implementation, and quickly to avoid margin calls warehouse explosion.
Zhang Satellite: This is a local problem. big trend right, there are some small trend fluctuation margin approach can be used for protection, but if the big trend wrong, how many bonds to no avail. CAO is such a big problem is not the beginning, the results of the more up more positions, more losses to the greater. if not flesh, cut position, then the CAO will enter into a whole, owe a lot of debt. was at 38 dollars, now close to 100 dollars. If no margin calls, the CAO may 20 are lost into the.
and information networks: the key turning point in the Contracts, if wrong direction, again with a bad policy on the trouble.
Zhang satellites: Some people do more in the short shock of all make money, some people can earn big money, the key trends can not fight.
users: There is no specific stock index futures investment fund?
Zhang Weixing: In the overseas market, the so-called hedge funds are basically futures trading using leverage to do index futures, stocks and this is very normal in the overseas and domestic to invest overseas, I have to use the general feeling of leverage, leverage is not applicable, not much significance to invest overseas.
User : stock index futures is not to do long-term investment? warehouse full of stock index futures can operate?
Zhang satellite: any variety of long-term investments can be done to see if you know do not know how trading rules, but stock index futures have delivery deadlines. after the expiration of all The warehouse receipt must be flat out, do not you open, close after the index's closing level for the reference point must be liquidated. rose to 7,000 from 5,000, and I want to do long-term, this process may take a year to the process, may be four open positions, you can switch positions after the finish warehouse receipts, after the Closing Date, in the next period of time, to open a warehouse, then close out this one. so the professionals can do, in the delivery time can do the rollover operation.
warehouse full of discontent is not important. stock index futures are leveraged variety. If you say I only use one tenth of the money to buy, do not need to buy stock index futures, bought Stock on the end. Why should we participate in stock index futures, is to use a small broad feature, the benefits of the use of leverage, the time to seize the opportunity to leverage magnified. important, not sure of your judgments, when operations must not Shigekura . are you sure when, according to your ability to have leverage over the value used 1:3,1:5, or no meaning. If the higher level can be 1:10, as a beginner is concerned, it is best not More than half of positions. my usual suggestion is no more than 1:5 leverage ratio.
and Information Network: is not the need to prepare sufficient margin to cope with the volatility of warehouse receipts?
Zhang Weixing: Actually this is wrong ideas. If you're wrong about the market, how much margin is not enough.
and information networks: quickly open?
Zhang Weixing: Yes. This is to do the characteristics of futures, or to play a big victory, or to play a big defeat, if sticking to, how much money will be a problem filling inside. At that time the State Reserve Bureau 3000 with the short, but by 5000, he has also been margin calls, has been forced to close out the 7000,8000, otherwise the country will lose the even worse. Futures is one such feature, because you added leverage, the wrong will lose.
and information network: End warehouse stock levels return to 5,000 points. if he has insisted is not a sufficient margin can wait until 5000.
Zhang Satellite: This is the problem of multi-party contest. If do not want to expand the war, began to throw in the towel, like that. because still insist on, people will definitely take you only so far to defeat.
and Information Network: shocks when the city should be margin calls, do not wait until it get back all right?
Zhang Weixing: To judge is not the shock city. do futures difficult, challenge is not blind, gambling is now a bear market , bull or shock city. If you are unsure, do not feel that seeking death come to play. If you are a genius, can predict the market soon is the shock, put the bull market, bear market filtered out to approach the city with shock operation. operating without problems, But once the wrong is the bull market, you go short, you say shock city margin, how many will lose the added margin.
and Information Network: is the State Reserve Bureau, for example, must be made up more than a single He will do one up free.
Zhang Weixing: there must be a single transaction, or no meaning. from the perspective of long and short two large main must be like this, you do not play I pull up does not make sense, no rival offer.
and Information Network: the introduction of stock index futures will soon become the first short squeeze of the tool? because the SFC, they require the hedge to do legal institutions, whether or QFII funds or other institutions, they do hedging will be the next empty one, will be down more than a single play, because there are so alone in this long-short inside. Securities Regulatory Commission, they must and can only.
Zhang satellite: this is unlikely situation. I can not participate in stock index futures. If we understand this direction is the same, we are doing more, it will go up, they will not go short, no one traded stock index futures without any risk. stock index futures all risk in the accumulation of long and short on big orders, the risk did not rise, or there is no risk, because no one transaction, you call stock index futures also not making money, because no one bearish, not transactions, see the 7000 from 5000 points also do not earn a penny. some differences, in order to have turnover.
User: T +0 stock index futures trading can be repeated at the time you?
Zhang Weixing: 95% of all short-term futures traders are losing money . I do not know that you are not that 5%, if not, I advise you not to short-term operation.
users: how to set up the stock index futures stop?
Zhang satellite: no rules, only the decision of your financial knowledge Last thing, the so-called stop-loss of 1%, 10% stop loss is nonsense, your investment funds are shrinking fast way out or lost. If you have not played for playing a simulated disk.
and News Network: simulation trading played a lot of people do you think trade is really the simulation?
Zhang Weixing: simulation trading can simulate a lot of things, the only simulation is not your mental, heart, free from any interference because the decision-making is a decision model, if you jumped to all the wealth or not, the heart will beat, all the hormone changes, and that decisions made in your mind will change. This is not all the simulation. financial derivatives and financial derivative investment last characteristic is that you want to bet, you have to really gambling.
and information network: Simulation of 12-month futures reached 12,000 points, someone commented that these people do not cash losses, it does not matter how many points are hit, there is impossible.
Zhang Weixing: Yes. because it is not true. The hardest part is making your heart when the whole body, which is the core emotional.
users: the relationship between futures and spot what of?
Zhang satellite: current spot market in China is the mainstream, because the transaction than the greater, because the people involved in fewer stock index futures, will fluctuate, that is, there will be glitches and bias. Generally speaking, around the index burr itself, and finally to the index will be unified come.
and Information Network: deviation is relatively small?
Zhang Weixing: hard to say.
and News Network: there arbitrage opportunities do?
Zhang satellites: course.
and information network: the larger the proportion of time arbitrage?
Zhang Weixing: stock index futures and spot market in the world do many professional organizations arbitrage opportunities. For example, stock index to 5,000 points, since the special warehouse explosion, or causes to be closed, the price difference of 500 points to 5500 points, you can short selling stock index futures in the spot market to buy ingredients of a stock. This departure from the point of difference is certainly short-lived phenomenon, once the overlap on the same positions, a make money, a money-losing, but losing money in the spread between what you have set the profits. in emerging markets is very much of this carry.
users: the greatest impact on stock index futures What are the factors? Now, some people think that the spot The main impact of market futures market? is that right?
Zhang Weixing: index itself is formed by spot trading, stock index futures is expected to form it. For example the next bull market, stock index to rise, it is now 5000 points will go up after to 7000 points, will deviate from the stock index futures, for example, 5200,5300, 6000 may reach forward again, and then may forward to 7000. This is a bullish bearish.
and Information Network: premium or discount?
Zhang Satellite: Yes. have the appearance of out of stock index futures, stock and stock index is the most important.
users: do good or domestic stock index futures index futures overseas to do good?
Zhang Weixing: H shares, or Hong Kong's Hang Seng Index are stock index futures, stock index futures to do, more zero-sum game, multi-and air-side multi-index futures bet. As investors become more familiar with certain terms of China. Since it is a gamble, might as well bet on China's stock index futures more secure sex. to do in Hong Kong, to explore the laws of the Hong Kong stock market ups and downs, if you do not know, money is likely to go in Ta.
and information network: can not summarize what about the risk of stock index futures in the end? is similar warehouse explosion Risk A?
Zhang Weixing: stock index futures is the high-end variety of financial derivative transactions, friends do not understand Do not touch the stock index futures, stock index futures is based on the risk in the stock, you first need to understand what the risks of the stock ups and downs? What factors have led to the stock market go up or down, you must first learn the stock market is good, good exercise. You have to understand the rise and fall of stock index and risk insurance, contracts, leverage is. must first understand the risk index and the ups and downs where? you If even the ups and downs of stock index and the risk of the relationship are not clear best not to do a stock index futures. If the stock index futures opened earlier, such as opening the 1000, 2000, after opening, it may long be dead, because the bulls that will rise to 3000 anti-air, then shorting the stock index futures will die, because you think the stock market has risen to the top, so to sell the stock, we have the stock market, there are short, to bring this tied up, you go do other stocks. If you do stock index futures, there will be 80%, 90% of the short one, will die. If you press the lever, then 1:10, up 10% of the positions will burst, and now rose to 5,000 points from 3,000 points, enough to burst positions 10 times the.
and Information Network: a higher level can be summarized from the significance of stock index futures. There are two people say that after the introduction of stock index futures, can solve the stock market bubble, the unilateral change in the stock market bull market mechanism. outside of China can take in the international market (the stock market, financial markets, derivatives) of the pricing, do you think the stock index futures do have such a big role?
Zhang satellite: this exaggerated, all of China's stock prices and institutional investors in China pricing, in the game, that another job to sell, to buy low. China's trading volume of all stocks in China itself, the absolute pricing in China. QFII and the proportion of foreign investment is relatively small, affect our ups and downs, but not enough to definitely affect China's stock market The ups and downs trend. No matter is not on stock index futures, pricing power in our own hands, because this is our own species. Second, we tend to easily give it to the new product itself does not have the function and the halo, which are not significance. these claims did not exist. stock index futures is the high end of the financial products to meet a number of institutional investors, investment demand and speculative demand, both institutional investors to avoid the risk of trading channels, but also to give institutional investors I assume some of the high risk investment channels for high interest.
and telecommunications network: it can change you long unilateral City?
Zhang Weixing: This is impossible.
and Information Network: because they can short ah.
Zhang satellites: the leverage of stock index futures is a zero sum game, only to increase significantly, increase trading volume, not change the trend itself. If you follow the trend of confrontation, you go short, the stock market rose, the more short, the back The greater the energy bulls, can talk to you like the confrontation.'s State Reserve Bureau to place such a measure, that the 3000 short, is not to process all the copper short, the London copper drop down, then it is naive, China's copper all the London copper short, I tell you, the world will come to eat all the funds you copper. This is the trend can not be changed. this concept we first have to clear. stock index futures is greater volatility, the absolute can not change the trend itself.
and Information Network: stock index futures in the futures market is more severe the long side?
Zhang Weixing: Of course. a dream of financial institutions, financial war is something that many people tried to grab this opportunity highly contagious, all resources will transfer over.
and Information Network: Futures war is not often nothing to do with the fundamentals, only has a relationship with the capital side?
Zhang satellite: it is not. parties and air side is money, money is the same, all points are multi-party money and money on the short side. who decided trend is determined by fundamentals, up, multi-win. down the short side to win. < br> and the information network: the State Reserve Bureau to determine the wrong direction, so that loss was caused when?
Zhang Weixing: Yes. This is the CAO at the time, as do 40 of the oil, the more you go short, the more money came in, many people will transfer more money, there are many people involved. If the war formed the war situation has been set, you do not throw in the towel, there will be more people to play booty, to see who wins. This is trends contributed.
and News Network: I hear you ...
I personally think that the end of this year stock index futures, stock index futures will be introduced early next year to.
Great, but what most of the development needs of China's major financial markets are large, but the whole of China's rapid economic growth.
The greatest feature of futures trading is leverage, leverage means high risk, high return.
this new market is a gambling market, betting on the future.
such a large stock index, including the Shanghai and Shenzhen Index CSI 300, or are not necessary to consider the problem of manipulation.
some people to do more in the short period of shock are not making money, some people can earn big money, the key trends can not fight.
all the short-term futures 95% of traders lose money. I do not know that you are not that 5%, if not, I advise you not to short-term operation.
high volatility in the stock market added more than ten times leverage, the stock market risk is the heaven and Hell.
some investors realize that stock prices can not earn a lot of money.
Zhang Weixing: Hello everybody!
and information network: the problem of stock index futures have been rumors for a long time in the world yesterday, according to the market point in history there in terms of the largest rebound, rebound because, in addition to factors other than oversold, the market today or in another one or two days a timetable for the introduction of stock index futures will be announced Dec. 28 will be officially implemented. Zhang You When that stock index futures will be introduced to?
Zhang Weixing: stock index futures for a long time, is China an important part of the financial markets. I personally think that the end of this year, will be introduced early next year to stock index futures. because of repeated preparations , testing, software running, and member of the views of investors has been modified for a long time. In the past, when we talk about is the stock index futures in 3000, some people can not index the view is adjusted down, we have a relatively low point when the introduction of stock index futures, now passed 3,000 points, 4,000 points, 5,000 points are gone. If time is more delayed, the risk of introduction of large, low point in the introduction of more and more remote. the recent stock market have also been adjusted transferred to the 5000 points, do not expect the stock market may be set too deep, this is good timing of the introduction. I think the point is not important, no matter what point, it is necessary to push as soon as possible.
reason is simple, but what most of China's large demand for financial market development are great but the whole of China's rapid economic growth, rapid economic growth requires sound financial markets, financial markets, stock index futures is a very important part. sooner or later the stock index futures, we and innovative financial products do, as long as we need to do in the morning than the evening. The stock market is also a premature child, was not ready for a lot of things, but get out of the stock market or the financial markets have greatly promoted, regardless of any shortcomings or What is the problem, but do not worry, China's financial industry can take risks, you can afford the products of innovative products. Therefore, my view is that as soon as possible on.
power over the parties under the power, I think that time should be very fast. schedule is likely to be out this month. at the end or beginning to enter combat at the operational level.
and Information Network: Speaking of Sharon, the subject is involved in stock index futures investors, institutional investors to participate in no problem either hedging or arbitrage, retail participation is problematic, however, is said to have 15 million threshold, do you think individual investors can participate?
Zhang satellites: individual investors can be divided into the size and expertise of capacity, which is different, can not say you are an individual investor can not participate in stock index futures. I think that the first stock index futures by a professional to participate, you're not an organization in the knowledge that a professional investor, if your experience, abilities, knowledge is not enough, may are not professionals, or even lost badly, have a variety of experience in futures trading. Even if you are long time practitioners in the market, a lot of accumulated experience, but not the core of knowledge does not work, you need to have experience, and has the market practitioners knowledge, is the professional. You can learn, but you must remember that you have to pay the costs and the cost of learning and a lot of costs in order to become professionals. not to divide the size of funds. If you have 100 million, if experience not enough, you may lose 100 million to a few days, probably 100 million a day it was gone. and your professional knowledge to good, strong ability to create rich-quick stock index futures can give you the opportunity to make 20,30 million dollars, may be turned several times a few months, it is not uncommon in the futures market is a universal phenomenon.
index futures we have to understand it is a futures exchange. The greatest feature of futures trading is the leverage and leverage means high risk, high yield, we first high-yield on the back, look at high risk. the test is to leverage your trading flaws in the end be? not necessarily amplify your gains, but you the transaction process if flawed, will be enlarged by 10 times, is designed to grab your place defects. We do stock market, if the election 10 stocks 8 shares to make money, two stocks lose money, you must be making money. levels ; twenty-eight a leverage effect.
and Information Network: Like you said, no matter the situation there riches or just the principal amount gambled there the day the case of Ye Hao, you think it is a stock index futures which are trading , are hedging transactions, or arbitrage trading, or both are possible?
Zhang satellites: general investors hedging argument simply does not exist. The establishment of futures markets, economics textbooks which we General to set up their own things to find a reason or source, that we set up futures markets to hedge and so on. I think this is an excuse. In fact the futures market transactions to meet people's desire to meet the needs of a leverage of market. that straightforward point, it is a speculative market. now all the world's futures markets are all speculators, futures traders. I have to invest in the so-called speculation is to seize the opportunity, looking for opportunities to invest in the market people, with the leverage approach. including U.S. hedge funds, are now done in the way of leverage. futures market do not have to put on mask of their own, says he is investing or hedging, is in fact not the futures market is speculative of the market, speculation is not wrong, is a neutral term speculation, you seize the opportunity to make money, did not seize the opportunity to lose money, this is the rules of the market.
and information network: you said it interesting. But as far as we know, Chinese enterprises are in the international futures market seems to hedge, and all loss badly.
Zhang satellites: they speculate.
and information networks: they are not hedging hedge?
Zhang Satellite: for all their behavior in speculation. all enterprises in China, including CNOOC, China Aviation Oil's actions are all in the next one speculation. including the CAO, which is selling oil and oil orders has been completed, why would sell the oil it? is not so large that when the market demand, oil prices rose $ 40 a barrel to 40 dollars a barrel on the history of the highest, he was short on a lot of hope that oil prices fell profit taking after he was speculators, but the end result of speculative failure, the oil did not listen to his words, continuous boom, it crashed. including China's State Reserve Bureau is in the futures market speculation, not hedging, if Hedging should buy copper, because of the rapid development of Chinese economy, China needs copper, copper imports will affect the international price of copper, it should be in the market to buy more than a single copper, the risk to resolve out. because future prices are likely to rise, I real price risk locking, called hedging, but we see the CAO in short, betting oil prices. China's financial textbooks that do not know the evil nature of things, including the derivatives market is speculative, that is, gambling , be sure to confirm the speculation with a professional manner, to say he is not hedging, you are to put a layer mask of his own speculation, to cover up, loser in fact unclear.
and Information Network: SFC will require both broker, or QFII can only hedge fund, is not so that you can prevent them from arbitrage investment transactions?
Zhang satellite: agencies all orders, are bearish or bullish on behalf of the enterprise their own judgments, their own behavior. requirement is provided, the actual is the actual, if we are hedging by the provisions of the Commission, then who is the rival offer? no rival offer, they are buying stocks to buy more, hedging are one-way, can not be traded.
and Information Network: Awkwardness of votes held by the Fund must be passive, certainly the next empty one, because it can hedge.
Zhang Weixing: Fund This, QFII is not the case. QFII can not short stocks, is also heavily loaded with stocks, has also done under the control of a single hedge, by your logic, all the institutional investors to the next empty one.
and telecommunications network: there are some non-institutional investors, like private equity funds, hot money that they will see empty.
Zhang satellite: it becomes another bet. this new market is a gambling market, betting on the future. because the will not rise tomorrow? today to do the next one, if you want to order, and tomorrow is not a gambling element? you my analysis of the needs of various industries, the results it really is rising, this is a bet won. This is mental activity, I have to decision-making, go to the next single. gambling process, dare to pressure up, to buy 100 shares or 1000 shares have decision-making psychology, the process has the pressure on the gamble. bet on your strong determination to win big money. All of the investors do not hedge because the stock index futures is confused by the theory textbooks. wrong, the market is market speculation.
users: to push the domestic stock index futures, is CSI 300 is certainly not the future, it will introduce other index futures?
Zhang Weixing: now the Shanghai and Shenzhen 300, if the market demand, more scientific species, there will be many, including the Shanghai and Shenzhen 300, the Shanghai Composite Index, Shenzhen Component Index can do the number of stock index futures. as overseas, with China out of hundreds of stocks for the index, then a stock index futures, financial derivatives it is easy to do innovative work. As long as demand is there, we identity can, because the CSI 300 is relatively mature, after all, to do a limited number of constituent stocks. do analysis Ye Hao, an analyst of financial institutions to do, it is easier to accept. Now the Shanghai and Shenzhen 300 is preferred.
and Information Network: Management believes that the Shanghai and Shenzhen 300 will not be market manipulation. we think that Shanghai Composite Index heavyweight highly manipulated, for example, the oil accounted for more than ten percent, ninety percent are related to several sex. do you feel about?
Zhang satellite: such a large stock index, including the Shanghai and Shenzhen CSI 300 index, or are not necessary to consider the problem of manipulation, because there is no heavyweight stock can affect a large enough. For example, in the 10% of oil trading board is not able to affect the Shanghai Shenzhen 300 Index rose 10%, or, if not do not need to consider. of course have an impact, for example, rose 10%, but the contribution of the oil on the stock only 1% It will not be much problem.
and information network: If the index in terms of 5000, up more than 100 points is 2%.
Zhang satellite: it depends on how much money the market can push the oil to the daily limit. in the stock index futures on the list will pay a little push. This so-called control or leverage thing is worth the candle, with little money to pry a large interest, with the stock skid in oil, big money spent, have the interests of the small, do not match. so there is no use of manipulation to make a profit. I think not to worry.
and information network: the volatility of stock index futures on the market generally believed that the introduction of stock index futures to the future, not huge on the spot market volatility and even the spot market will become more stable, you agree with this view? that volatility will be greater or smaller?
Zhang satellite: early in previous years will certainly be greater. because the behavior of stock index futures burst open positions cause volatility than stock index futures, stock index will have some impact on and increase the volatility of stock. So two or three years ago because the stock index futures, but volatility will increase. because after all, institutional investors are not very mature, burst positions, the phenomenon will open a lot of volatility will increase.
normalization, enough to increase trading volume, such as stock index futures trading volume is very large, the number of shares will increase a lot. trading volume increased after emotional fluctuations caused by the market ironed out, for example, you screwed up, is open the. because you did not affect the amount of the market, enough to deal. Therefore, a number of flat stock volatility, stock volatility is also flat, because the amount of the greater the value the more profit spike situation is relatively small. If the market for us, in the short squeeze, but also in doing more, every day, lose money, you may have to liquidate, not take over the disk, space will be enormous price fluctuations . on this issue have a clear understanding. because of the amount of the initial problems, will increase the volatility index, developed to a certain period after the transaction volume is large enough, but volatility of stock index and stock index futures will be small, because there are hedgers , a little bit of glitches have cross-market arbitrage, increased the degree of trading frequency and trading volume, the market volatility to filter out the glitches.
and News Network: Do you mean to say that when the market is more mature, when the market introduction of stock index futures a long time, when the power will be more than speculative hedging power of big?
Zhang satellite: a cross-market arbitrage. because in the futures and spot markets at the same time do the two markets will All the glitches ironed.
and News Network: Since you say that the early introduction of stock index futures volatility is very risky, we worried that the policy-driven volatility, recent market after falling nearly 1,000 points, the policy is a guide fire cable. the last time you talked to a point, the differences between long and short large long and short single confrontation occurred, the amount of more than a single suddenly single down the empty defeated, how do?
Zhang satellites: the risk of stock index futures Investors are not here, the investors risk is limited, regardless of education or not, for the test, we have experienced is a risky stock index futures varieties, so think twice, will consider a variety of risks. Actual stock index futures on the biggest test is the government, because we all know, China is the policy of the city, the city policy is characterized by a new policy will often sudden, intrusive policies introduced, the volatility of stock index, which is a government department management impose the views of stock. It is uncertain .96, the index rose to 1200 points, we are very pleased with the results to the People's Daily editorial, you fried junk stocks to three daily limit. because of speculation the government level, the individual will add to the mix, leading stock index down. In the past, including editorial policies, , click on the index fell to 3400 points. this is the policy imposed.
If there is no stock index futures, these things are not directly related to the particular, say you buy a stock because the government is stuck with a certain policy or three daily limit, there is no significant relationship with the Government. The Government has not said how about the stock. the legal relationship is clear, and some stock in the stock no. so this is an indirect influence, rather than directly. So, we said in the past, said the city policy is not good, but the government is the index to go, is the stock to investors, and are not directly relationship. But with the stock index futures is very horrible, later the policy of the city. For example, if two time points, two warehouse receipts, and empty single for more than a single decisive battle, if the Government a policy decision, this time very troublesome because the introduction of the Government's policy as part of agency decision directly to heaven, part of the body go to hell; part of investors to riches, some investors lose everything. If the policy were introduced, do you dare to put up?
and Information Network: The Government will introduce such a situation? government would realize that such situations do?
Zhang satellite: very blunt way over the past policy of the city, looking up is not pleasing to the eye, and hit it, then drop deep to rescue the market, so only the policy of the city. Now some of tactics is not science. still have some problems. not so much in the stock market, but in the stock index futures will be a problem. At that time, National Development and the beam is not an issue between the nations, in fact, the trend of the Treasury for the Treasury. Health policy decisions of a body to determine a body to die. The question had committed in the future may also make that mistake.
and Information Network: How to avoid this from happening?
Zhang Weixing: policy of the city is characterized by its transparency, the United States has Bolan Ke Greenspan interference in the stock market, including U.S. President George W. Bush also made a speech when the stock market falls, the stock market up there intervention areas. But the transparency of decision-making, for example, when the Fed met the market knows, and one or two months prior to the market to know that can be analyzed from a cut in interest rates or interest rates. According to economic data, sitting in all the decision makers at their previous comments, their views, we can know the results of this meeting is to raise interest rates or interest rates or not cut interest rates. The meeting of basic transparency. This will come out ahead of all expectations reflected in the financial markets, the rise of rise, the fall down, so in general no major controversy.
in China, we do not know when meeting someone in a meeting, what policy would be introduced, which is the biggest problem. I think that China's stock index futures after the introduction of the role of one of the largest increasing transparency in decision-making, because there is no transparency in the decision-making can not play this game go.
and Information Network: No transparency in decision-making, when to advocate the introduction of stock index futures, not to make forerunner to pay you?
Zhang Satellite: China's stock market has grown to today, how many seniors do not pay the price? that there is no way, although the path is cruel, but it is also realistic in the current circumstances the best way, be sure to make people pay a price to pay for the whole community, the investors, the Government of all access to information, to know, should such a market.
and Information Network: If there were that day how to do stock index futures institutions , is not enough margin to do more, there is a bad policy implementation, and quickly to avoid margin calls warehouse explosion.
Zhang Satellite: This is a local problem. big trend right, there are some small trend fluctuation margin approach can be used for protection, but if the big trend wrong, how many bonds to no avail. CAO is such a big problem is not the beginning, the results of the more up more positions, more losses to the greater. if not flesh, cut position, then the CAO will enter into a whole, owe a lot of debt. was at 38 dollars, now close to 100 dollars. If no margin calls, the CAO may 20 are lost into the.
and information networks: the key turning point in the Contracts, if wrong direction, again with a bad policy on the trouble.
Zhang satellites: Some people do more in the short shock of all make money, some people can earn big money, the key trends can not fight.
users: There is no specific stock index futures investment fund?
Zhang Weixing: In the overseas market, the so-called hedge funds are basically futures trading using leverage to do index futures, stocks and this is very normal in the overseas and domestic to invest overseas, I have to use the general feeling of leverage, leverage is not applicable, not much significance to invest overseas.
User : stock index futures is not to do long-term investment? warehouse full of stock index futures can operate?
Zhang satellite: any variety of long-term investments can be done to see if you know do not know how trading rules, but stock index futures have delivery deadlines. after the expiration of all The warehouse receipt must be flat out, do not you open, close after the index's closing level for the reference point must be liquidated. rose to 7,000 from 5,000, and I want to do long-term, this process may take a year to the process, may be four open positions, you can switch positions after the finish warehouse receipts, after the Closing Date, in the next period of time, to open a warehouse, then close out this one. so the professionals can do, in the delivery time can do the rollover operation.
warehouse full of discontent is not important. stock index futures are leveraged variety. If you say I only use one tenth of the money to buy, do not need to buy stock index futures, bought Stock on the end. Why should we participate in stock index futures, is to use a small broad feature, the benefits of the use of leverage, the time to seize the opportunity to leverage magnified. important, not sure of your judgments, when operations must not Shigekura . are you sure when, according to your ability to have leverage over the value used 1:3,1:5, or no meaning. If the higher level can be 1:10, as a beginner is concerned, it is best not More than half of positions. my usual suggestion is no more than 1:5 leverage ratio.
and Information Network: is not the need to prepare sufficient margin to cope with the volatility of warehouse receipts?
Zhang Weixing: Actually this is wrong ideas. If you're wrong about the market, how much margin is not enough.
and information networks: quickly open?
Zhang Weixing: Yes. This is to do the characteristics of futures, or to play a big victory, or to play a big defeat, if sticking to, how much money will be a problem filling inside. At that time the State Reserve Bureau 3000 with the short, but by 5000, he has also been margin calls, has been forced to close out the 7000,8000, otherwise the country will lose the even worse. Futures is one such feature, because you added leverage, the wrong will lose.
and information network: End warehouse stock levels return to 5,000 points. if he has insisted is not a sufficient margin can wait until 5000.
Zhang Satellite: This is the problem of multi-party contest. If do not want to expand the war, began to throw in the towel, like that. because still insist on, people will definitely take you only so far to defeat.
and Information Network: shocks when the city should be margin calls, do not wait until it get back all right?
Zhang Weixing: To judge is not the shock city. do futures difficult, challenge is not blind, gambling is now a bear market , bull or shock city. If you are unsure, do not feel that seeking death come to play. If you are a genius, can predict the market soon is the shock, put the bull market, bear market filtered out to approach the city with shock operation. operating without problems, But once the wrong is the bull market, you go short, you say shock city margin, how many will lose the added margin.
and Information Network: is the State Reserve Bureau, for example, must be made up more than a single He will do one up free.
Zhang Weixing: there must be a single transaction, or no meaning. from the perspective of long and short two large main must be like this, you do not play I pull up does not make sense, no rival offer.
and Information Network: the introduction of stock index futures will soon become the first short squeeze of the tool? because the SFC, they require the hedge to do legal institutions, whether or QFII funds or other institutions, they do hedging will be the next empty one, will be down more than a single play, because there are so alone in this long-short inside. Securities Regulatory Commission, they must and can only.
Zhang satellite: this is unlikely situation. I can not participate in stock index futures. If we understand this direction is the same, we are doing more, it will go up, they will not go short, no one traded stock index futures without any risk. stock index futures all risk in the accumulation of long and short on big orders, the risk did not rise, or there is no risk, because no one transaction, you call stock index futures also not making money, because no one bearish, not transactions, see the 7000 from 5000 points also do not earn a penny. some differences, in order to have turnover.
User: T +0 stock index futures trading can be repeated at the time you?
Zhang Weixing: 95% of all short-term futures traders are losing money . I do not know that you are not that 5%, if not, I advise you not to short-term operation.
users: how to set up the stock index futures stop?
Zhang satellite: no rules, only the decision of your financial knowledge Last thing, the so-called stop-loss of 1%, 10% stop loss is nonsense, your investment funds are shrinking fast way out or lost. If you have not played for playing a simulated disk.
and News Network: simulation trading played a lot of people do you think trade is really the simulation?
Zhang Weixing: simulation trading can simulate a lot of things, the only simulation is not your mental, heart, free from any interference because the decision-making is a decision model, if you jumped to all the wealth or not, the heart will beat, all the hormone changes, and that decisions made in your mind will change. This is not all the simulation. financial derivatives and financial derivative investment last characteristic is that you want to bet, you have to really gambling.
and information network: Simulation of 12-month futures reached 12,000 points, someone commented that these people do not cash losses, it does not matter how many points are hit, there is impossible.
Zhang Weixing: Yes. because it is not true. The hardest part is making your heart when the whole body, which is the core emotional.
users: the relationship between futures and spot what of?
Zhang satellite: current spot market in China is the mainstream, because the transaction than the greater, because the people involved in fewer stock index futures, will fluctuate, that is, there will be glitches and bias. Generally speaking, around the index burr itself, and finally to the index will be unified come.
and Information Network: deviation is relatively small?
Zhang Weixing: hard to say.
and News Network: there arbitrage opportunities do?
Zhang satellites: course.
and information network: the larger the proportion of time arbitrage?
Zhang Weixing: stock index futures and spot market in the world do many professional organizations arbitrage opportunities. For example, stock index to 5,000 points, since the special warehouse explosion, or causes to be closed, the price difference of 500 points to 5500 points, you can short selling stock index futures in the spot market to buy ingredients of a stock. This departure from the point of difference is certainly short-lived phenomenon, once the overlap on the same positions, a make money, a money-losing, but losing money in the spread between what you have set the profits. in emerging markets is very much of this carry.
users: the greatest impact on stock index futures What are the factors? Now, some people think that the spot The main impact of market futures market? is that right?
Zhang Weixing: index itself is formed by spot trading, stock index futures is expected to form it. For example the next bull market, stock index to rise, it is now 5000 points will go up after to 7000 points, will deviate from the stock index futures, for example, 5200,5300, 6000 may reach forward again, and then may forward to 7000. This is a bullish bearish.
and Information Network: premium or discount?
Zhang Satellite: Yes. have the appearance of out of stock index futures, stock and stock index is the most important.
users: do good or domestic stock index futures index futures overseas to do good?
Zhang Weixing: H shares, or Hong Kong's Hang Seng Index are stock index futures, stock index futures to do, more zero-sum game, multi-and air-side multi-index futures bet. As investors become more familiar with certain terms of China. Since it is a gamble, might as well bet on China's stock index futures more secure sex. to do in Hong Kong, to explore the laws of the Hong Kong stock market ups and downs, if you do not know, money is likely to go in Ta.
and information network: can not summarize what about the risk of stock index futures in the end? is similar warehouse explosion Risk A?
Zhang Weixing: stock index futures is the high-end variety of financial derivative transactions, friends do not understand Do not touch the stock index futures, stock index futures is based on the risk in the stock, you first need to understand what the risks of the stock ups and downs? What factors have led to the stock market go up or down, you must first learn the stock market is good, good exercise. You have to understand the rise and fall of stock index and risk insurance, contracts, leverage is. must first understand the risk index and the ups and downs where? you If even the ups and downs of stock index and the risk of the relationship are not clear best not to do a stock index futures. If the stock index futures opened earlier, such as opening the 1000, 2000, after opening, it may long be dead, because the bulls that will rise to 3000 anti-air, then shorting the stock index futures will die, because you think the stock market has risen to the top, so to sell the stock, we have the stock market, there are short, to bring this tied up, you go do other stocks. If you do stock index futures, there will be 80%, 90% of the short one, will die. If you press the lever, then 1:10, up 10% of the positions will burst, and now rose to 5,000 points from 3,000 points, enough to burst positions 10 times the.
and Information Network: a higher level can be summarized from the significance of stock index futures. There are two people say that after the introduction of stock index futures, can solve the stock market bubble, the unilateral change in the stock market bull market mechanism. outside of China can take in the international market (the stock market, financial markets, derivatives) of the pricing, do you think the stock index futures do have such a big role?
Zhang satellite: this exaggerated, all of China's stock prices and institutional investors in China pricing, in the game, that another job to sell, to buy low. China's trading volume of all stocks in China itself, the absolute pricing in China. QFII and the proportion of foreign investment is relatively small, affect our ups and downs, but not enough to definitely affect China's stock market The ups and downs trend. No matter is not on stock index futures, pricing power in our own hands, because this is our own species. Second, we tend to easily give it to the new product itself does not have the function and the halo, which are not significance. these claims did not exist. stock index futures is the high end of the financial products to meet a number of institutional investors, investment demand and speculative demand, both institutional investors to avoid the risk of trading channels, but also to give institutional investors I assume some of the high risk investment channels for high interest.
and telecommunications network: it can change you long unilateral City?
Zhang Weixing: This is impossible.
and Information Network: because they can short ah.
Zhang satellites: the leverage of stock index futures is a zero sum game, only to increase significantly, increase trading volume, not change the trend itself. If you follow the trend of confrontation, you go short, the stock market rose, the more short, the back The greater the energy bulls, can talk to you like the confrontation.'s State Reserve Bureau to place such a measure, that the 3000 short, is not to process all the copper short, the London copper drop down, then it is naive, China's copper all the London copper short, I tell you, the world will come to eat all the funds you copper. This is the trend can not be changed. this concept we first have to clear. stock index futures is greater volatility, the absolute can not change the trend itself.
and Information Network: stock index futures in the futures market is more severe the long side?
Zhang Weixing: Of course. a dream of financial institutions, financial war is something that many people tried to grab this opportunity highly contagious, all resources will transfer over.
and Information Network: Futures war is not often nothing to do with the fundamentals, only has a relationship with the capital side?
Zhang satellite: it is not. parties and air side is money, money is the same, all points are multi-party money and money on the short side. who decided trend is determined by fundamentals, up, multi-win. down the short side to win. < br> and the information network: the State Reserve Bureau to determine the wrong direction, so that loss was caused when?
Zhang Weixing: Yes. This is the CAO at the time, as do 40 of the oil, the more you go short, the more money came in, many people will transfer more money, there are many people involved. If the war formed the war situation has been set, you do not throw in the towel, there will be more people to play booty, to see who wins. This is trends contributed.
and News Network: I hear you ...
Sunday, December 26, 2010
Eye candy of the chocolate fashion show, Miss Lin Li Shuang
November 10, models in New York chocolate chocolate fashion show fashion.
The 13th New York Chocolate Show will be Nov. 11 opening in New York, as the opening of the chocolate fashion show on the evening of the first debut at 10 for the audience to bring a Super embarrassing! so fine really puzzled Important: false alert winning information on the new line of warm parenting blog ELLY Vietnamese girl photo shoot back over the exposure site ! so fine really strange Sina BLOG feedback message board About Sina SINA English
The 13th New York Chocolate Show will be Nov. 11 opening in New York, as the opening of the chocolate fashion show on the evening of the first debut at 10 for the audience to bring a Super embarrassing! so fine really puzzled Important: false alert winning information on the new line of warm parenting blog ELLY Vietnamese girl photo shoot back over the exposure site ! so fine really strange Sina BLOG feedback message board About Sina SINA English
Wednesday, December 22, 2010
For fun
Ha ha! Re-apply for a blog, a new environment for a lot of happy feelings.
Like life, if always the same, and will be dead boring!
So I have to work, no longer as halfway the.
refueling, for myself !!!!!!!!
Like life, if always the same, and will be dead boring!
So I have to work, no longer as halfway the.
refueling, for myself !!!!!!!!
Tuesday, December 21, 2010
2009 Pulitzer Prize winning full view
Editor: edi Views: 9 compiled and distributed on: 2009/4/23 10:45 【medium and small】
2009 U.S. list of Pulitzer Prize winners announced on the 20th, the following are all the winning entries, author, and award presentation reasons:
Public Reporting Awards mm Las Vegas, , through the use of its resources mm news reports, editorials, cartoons, pictures, images, and online materials available in print or online to be judged, for this outstanding example of the gold medal should be awarded.
awarded the The Sun > report Introduction:
death of a construction site (see the original report:
in Las Vegas Strip, 320 billion U.S. dollars building boom, every six weeks there is a construction worker was killed. last year's Vegas Sun state and federal government to investigate such incidents, and in the U.S. House of Representatives and the Senate held a hearing. Senator Barack. Obama, Hillary Clinton. Clinton, Ted. Kennedy, Harry. Reid and other lawmakers sent a letter to President Bush demanding reform of the Security Department of Labor regulations. Sun follow-up reports of the safety regulators and the ambiguous relationship between the construction companies. The workers could expose the fact that increasing the number of deaths and angry, but they have to leave the meter Mei's immigrant city center (MGM Mirage's CityCenter), the largest in U.S. history to stop the private commercial development project until the contractor agreed to enhance security. In the past 18 months, 12 workers died. However, after improvement, no fatalities. Since June 2008, no workers were killed in the situation.
cartoon award mm San Diego The San Diego Union-Tribune) Steve. Boolean (Steve Breen) the award, his keen use of classic style to create a wide range of topics, so that comic readers have had the strength, clarity and humor.
About
Steve Breen1970 was born in Los Angeles, he grew up in Los Angeles next to the Orange County (Orange County), is home to the second of eight brothers and sisters. He graduated from California in 1988, Huntington Beach High School (Huntington Beach High School) , and attended the University of California, Riverside (the University of California at Riverside). where he earned a bachelor's degree in political science. It is in this university, he began drawing cartoons for the school newspaper Highlander In 1991, as the top The University of cartoonist Steve get Charles. Howard Schultz Award (Scripps Howard Charles M. Schulz Award) and for the outstanding college cartoonist award provided 约翰洛赫尔 (John Locher award). He by MacNelly,, Paul Conrad,, Pat Oliphant Don Wright, and the impact of other cartoonists. Breen was supposed to be a high school history teacher, but when in July 1994, Asbury Park Press (Asbury Park Press) that he is willing to provide Arts sector job. He became a full-time in 1996, editorial cartoonist .1998 April, Breen won the Pulitzer Prize for editorial cartooning prize .2001 July, he returned home to join Tribune. Report
welter of literary talent and his great grasp of the historical situation.
Synopsis:
Robinson's award-winning column is about the African-American Barack - Obama won the post of head of state election campaign. < br> Author:
Eugene. Robinson is the Robinson in the foreign correspondent, had also served as diplomatic editor, and assistant editor of the newspaper as was responsible for award-winning fashion column .2005, he began to open in the op-ed page had a signed comment column. He is also the work : Association members, and won numerous awards for news category.
Depth mm and Julie Cart, they are the western United States in dealing with the growing wildfire threat, its cost-effectiveness of the exploration of fresh and hard.
winners Profile:
Bettina Boxall
freelance writer
of the Ministry of experience
* In 1987 to 92 SE / Long Beach branch, the main regional news reports and government information.
* Sac County trial and urban crime news.
* *
United Press International, 1978 to 80 years, Social Affairs reporter.
domestic mm Detroit News, Giblin
Award words:
awarded to the her female sexual relations chief of staff, led to the perjury investigation, and eventually the two prison officials.
Mesa, Arizona, awarded the use of limited resources to show how a popular sheriff to focus on immigration enforcement issues. These problems have hindered the migration of violent crime investigations and other aspects of public safety threat.
About the author:
Ryan Gabrielson is the Arizona's largest community college system in the major financial and academic fraud, as well as in southern Texas, the corruption of public construction projects. He was studying journalism at the University of Arizona, and won several national and state awards, including the Six Sigma Delta Chi Award (Sigma Delta Chi award) survey.
Paul Giblin for the Mesa, Arizona, The paper work and the different terms in this period as the Secretary Scottsdale (Scottsdale Bureau chief), metro columnist (metro columnist) and business journalists. Giblin has 24 years in Arizona, Hawaii and New Mexico reported experiences. He reports had appeared in the (politics and government reporting) report of the first prize, in 2004 Arizona Associated Press Editors Association (Arizona Associated Press Managing Editors association) Award for News section and special sections (news columns and feature columns) first, in 2004 Arizona Newspaper Association (the Arizona Newspapers Association) Prize for Freedom of information (Freedom of Information Award). (translation statement | water)
national news coverage mm br> Awards words:
awarded statement, tell the facts, let the voters get the facts.
About
PolitiFact was established in April 2007, the case against the presidential election verification, and in January 2009 and the White House extended to members of the Members In 2009 fact-finding in January, PolitiFact established Obameter, devoted to Obama's campaign promise to track. In addition, PolitiFact has also established a Truth-O-Meter, candidates, elected, political parties, interest groups , academics, talk show host to verify the statement. (translated words | water)
feature writing mm Fine exchanged and touching story. She described a prison full of cockroaches in the house, to be forgotten, can not talk, life can not take care of the little girl.
Author:
Lane DeGregory graduated from Virginia University, former editor of the University Journal. In ten years of news career, she has written many news and feature articles. She wrote the story received the 2000, 2004 and 2006 . He is very practical to reward local government to conceal the secret exposed the dangers, and he warned residents to effectively adhere to their right to know and write a series of editorials.
About
Mark Mahoney, aged 45, since 1988 Start the Post Star newspaper. In addition to writing all the focus for newspaper editorials and comment on current affairs, he has also responsible for organizing the supervision of the newspaper's editorial board, and a well-known blog writing, this blog is mainly about the First Amendment topic, called Awards and editor of an amendment, president of Lee Enterprises News Awards.
his career began in 1988 as a night at the Post Star reported that a reporter. Before that, he was in New York state capital Albany as the State News Service Justice News correspondent. He has written columns for a large number of free and has compiled and published some of it. He also is the nation's quarterly newspaper editor will be New York, graduated from Ithaca College, Bachelor of Science degree, majoring in communications management. He is a member of American Association of Editorial Writers, and served as Chairman of the Board of Education NCEW. (translated words | water)
breaking news photography mm Miami Miami Herald :
Patrick Farrell University of Miami in 1981 and received Bachelor of Fine Arts TV film production. He is a native of Miami who grew up in a family of 12 children, parents divorced when he was 13, so he put their parents bathroom bedroom transformed into the darkroom. (translated words | water)
novel class mmElizabeth Strout odd impact, the title hero mm blunt, there are shortcomings and attractive for readers to recount Olive mm.
Synopsis:
Olive. Birgit Ridge, a sometimes harsh, sometimes tolerance, sometimes sensitive, sometimes restrained retired female teachers, she lived in the town of Crosby, Maine, and even changes in the world deplores, but she does not always aware of the changes around her: a Lounge music people cherished a romantic past; she had taught a student lost the confidence to live; Olive has adult children by their own repressed irrational sentimentality; and her husband, Henry, found loyalty to both their marriage better, and like a curse. When the town or a leisurely or urgent people get mad struggle with their own problems, the Olive exploring a deeper level of themselves and their lives are sometimes very painful mm but always with a merciless realism. Olive. Puget Ridge insight into the human condition in the deeper levels of meaning mm conflicts, misery and joy, and the patient share the necessary approach to life. < br> Author:
Elizabeth. Strout is Los Angeles Times who won the first novel award and Sai Dengbang Chicago Tribune Heartland Prize (Chicago pulpit Center Award). She was also nominated PEN / Faulkner Award and the British Orange Prize finals. She had several short stories published in the journal, including the New Yorker and O: The Oprah Magazine. She is the Queen's University (located in Charlotte, North Carolina) is a member of MFA programs, living in New York City. (translated words | water) < br> Non-fiction mmDouglas A. Blackmon a name: African American Civil War to World War II, the second from slavery intimidation against black laws, thousands of African Americans were arrested, and accept staggering fine and pay the costs of the arrest. Since there is no ability to pay these local coal mines, lumber yard, brick factory, railway, quarry and plantation. thousands of other landowners in the South, African Americans were long years of forced labor. government officials imprisoned blacks to sell the small town businesses home, rich peasants and enterprises, including United States Steel Corporation, as the abundant cheap labor. large number of formal abolition of slavery. New Slavery and the federal government using legal loopholes in the policy, hindering the prosecution of white to black control of black people against their will. southern states sufficient financial reason, the new slavery is a critical tool that makes African Americans for full participation in the American political system, the road to meet resistance. book based on a large number of first-hand information and personal interviews, recorded in the the failure of the resistance of labor trafficking, discriminatory policies to benefit from the new modern business and the United States in the 1940s for fear of being enemy in World War II propaganda and the eventual abolition of this policy insider. This book is the United States today, the potential still exists summary and reflection of racial discrimination.
Author:
Douglas A. Blackmon is Atlanta bureau chief of The Wall Street Journal. his race, the economy and American society has a unique observation. He is currently residing with his family in Mississippi. (Translation made | water)
biography mmJon Meacham book, its core is a close friend of Jackson and his circle in which the turbulent times. highly respected people also hated, respected but also suffered verbal abuse, Jackson was a flame all the way to the peak power of orphans, he was the Democratic the country with his situation will reverse. Jackson's election in 1828 ushered in a new and lasting era, the era, the political elites but for no longer swayed by the civilian population. Democracy in the Jackson era took place, he expressed a change in a troubled and beleaguered in the country of hope and concern. In order to describe the legendary term President Jackson, the famous author John. Mitcham deep into the Jackson era of the White House, according to newly discovered family letters and documents, He described the building with Jackson that the victory after the storm and all the private world, including family, women, private consultants and so on.
as one of our remarkable achievements, but only vaguely remember being president, Jackson was a long time The war fighter, the founder of the Democratic Party, or the presidential system we now know the owner. His story contains violence, sex, courage, and tragedy. by virtue of their strong, powerful personality, courage and with the people of the obvious the mysterious link between Jackson to the White House from the government pushed to the periphery of the center of national decision-making to clarify the inherent challenges that must be implemented in order to listen to their will and interest groups (or the face of mass anger) the change of vision. those who follow the White House Jackson footprint with the most outstanding presidents, from Abraham Lincoln to Theodore Roosevelt to Franklin. Roosevelt to Truman, are all to Jackson as an example and an inspiration, and from the acquisition of virtue in his vision. Jackson described as sets of human contradiction Great. As the Indians driven from their land out of the initiator, but warm and sensitive and he is willing to give everything to hand power to the people, in short, he resembled his country: between the kind and vicious, transfer between the wise and the blind, and his life at all costs for the security of the Republic of the struggle. John. Meacham in delineate a full picture of human nature.
introduced
of John. Mitcham, is the Churchill: Portrait of a cordial friendship of history )
Drama mmLynn Nottage country ruins a family caused by death. then again how she protected her fight for women rights? how long she can continue? whether the price of human life measured?
Touchstone on Bertone. Brecht's works mmAnnette Gordon-Reed .
Synopsis:
17 century in the United Kingdom and one of colonial Virginia, trade between the state and a ship's captain living in the vicinity of Williamsburg, a combination of African slave. captain named Hemings, who gave birth to a daughter named Elizabeth.
This is the Washington Post, Time magazine, Amazon and so the same newspaper described as the best books this year at the beginning of epic. of the Gordon-Reed is a critically acclaimed biography of Thomas Jefferson and Sally Hemings writer, he Inside the book in another one on the Hemingses, Jefferson and his white family's amazing story. This book describes Sarah Hemings (nickname sally) many details of life, she was with Thomas Jefferson 38 years of contacts in the upbringing his seven children. The family history in the United States the story of a great man to occupy a very special place. We not only have access to the book Elizabeth Hemings, the family matriarch, mother of 12 children, 6 and one of them was born upstart Virginia, but also her family's membership by Jefferson and Martha Jefferson married into the private property and integrate together, understanding Jefferson's life, her children, that is Martha's brothers and sisters, in Jefferson's play an important role in life. We first came to Paris as a Hemingses, where James Hemings into a famous restaurant as a cook, when Sally14 years old, is the daughter of Jefferson's female companion; came to Philadelphia later, James Hemings became the new secretary of state's closest aides life; to Charlottetown, to Richmond, Hemings brothers and sisters have a situation, and finally to the Monticello estate, and later most of Jefferson's slaves, including the Hemings one, six months after the death of the Jefferson have been auctioned out. Hemingses one in Monticello with the experience as vivid estate, Monticello Manor not only the American leaders, the famous author of the Declaration of Independence was, Hemingses a story of their and our 3rd President of the blood contact can not be erased from the historical data in. book sentiment and profound insight into human nature, out in the extremely difficult and complex historical context. Hemingses an estate in Monticello story is great literature, a considerable achievement.
Author:
Annette Gordon-Reed is a professor of law at New York Law School, and served as professor of history at Rutgers University. (translated words | water)
Poetry mmW.S. Merwin light and darkness, secular and immortality, these subtle sense of mystery throughout the Melvin's latest collection of poems. light and shadow in the distinct colors, memories of the mines of Pennsylvania, a childhood conversation with the teacher, and shine the living language.
Author:
WS Melvin was born in New York, grew up in New Jersey, Union (Union City), and Scranton, Pennsylvania, his father was a Presbyterian minister. He has studied at Princeton University, where he studied John. Berryman and RP Blake Moore. graduate level, Melvin continue their studies at Princeton, Latin, and ultimately allowed him to Latin, Spanish and French translation had a strong interest in poetry. farewell, after Princeton, Melvin traveled to France, Spain and England, eventually settling Ma Luoka 1950s and became a famous poet, Robert. Graves tutor his son. Graf Sri Lanka and its interest in the myths and legends, the young had an important impact .1952 Melvin, the Melvin's first collection of poems won the Yale series of younger poets will award events, he is the WH Auden, who in the introduction referred to the superb skills of the young poet. This collection of poems called style of poetry. (translated words | water)
Music mmSteve Reich grasp force, and the continuing lure of human hearing.
Synopsis:
Double Sextet in two equal in Sextet, by the flute, clarinet, vibraphone, piano, violin and cello composition. just as I have a lot of work before the show, using two sets of identical instrumentation, can make the linkage between two of the same instrument, resulting in an integrated model.
About the author: Mr.
Reich was born and raised in New York and lived in California for some time .1957, he graduated from Cornell University and obtained a BA in Philosophy. the next two years, he studied composition under the tutelage of Hall Overton .1958 to 1961, he and William Bergsma and Vincent Persichetti with the Academy of Music in Julia (Juilliard School of Music) to learn .1963, he received the Mills College (Mills College) of Music degree, was working with him is Luciano Berio and Darius Mihaud. (translated words | water)
international news award mm Afghanistan and Pakistan face further political and military threats, often in dangerous situations reporting.
other nominations received this award are: AP Rukmini Callimachi, her in-depth investigation trafficking in West and Central Africa poverty the phenomenon of working children; Washington Post staff, who planned the development of women in developing countries, birth to death are suffering from the oppression of a sensitive series of reports, this report includes an impressive multimedia.
photography award mm
2009 U.S. list of Pulitzer Prize winners announced on the 20th, the following are all the winning entries, author, and award presentation reasons:
Public Reporting Awards mm Las Vegas, , through the use of its resources mm news reports, editorials, cartoons, pictures, images, and online materials available in print or online to be judged, for this outstanding example of the gold medal should be awarded.
awarded the The Sun > report Introduction:
death of a construction site (see the original report:
in Las Vegas Strip, 320 billion U.S. dollars building boom, every six weeks there is a construction worker was killed. last year's Vegas Sun state and federal government to investigate such incidents, and in the U.S. House of Representatives and the Senate held a hearing. Senator Barack. Obama, Hillary Clinton. Clinton, Ted. Kennedy, Harry. Reid and other lawmakers sent a letter to President Bush demanding reform of the Security Department of Labor regulations. Sun follow-up reports of the safety regulators and the ambiguous relationship between the construction companies. The workers could expose the fact that increasing the number of deaths and angry, but they have to leave the meter Mei's immigrant city center (MGM Mirage's CityCenter), the largest in U.S. history to stop the private commercial development project until the contractor agreed to enhance security. In the past 18 months, 12 workers died. However, after improvement, no fatalities. Since June 2008, no workers were killed in the situation.
cartoon award mm San Diego The San Diego Union-Tribune) Steve. Boolean (Steve Breen) the award, his keen use of classic style to create a wide range of topics, so that comic readers have had the strength, clarity and humor.
About
Steve Breen1970 was born in Los Angeles, he grew up in Los Angeles next to the Orange County (Orange County), is home to the second of eight brothers and sisters. He graduated from California in 1988, Huntington Beach High School (Huntington Beach High School) , and attended the University of California, Riverside (the University of California at Riverside). where he earned a bachelor's degree in political science. It is in this university, he began drawing cartoons for the school newspaper Highlander In 1991, as the top The University of cartoonist Steve get Charles. Howard Schultz Award (Scripps Howard Charles M. Schulz Award) and for the outstanding college cartoonist award provided 约翰洛赫尔 (John Locher award). He by MacNelly,, Paul Conrad,, Pat Oliphant Don Wright, and the impact of other cartoonists. Breen was supposed to be a high school history teacher, but when in July 1994, Asbury Park Press (Asbury Park Press) that he is willing to provide Arts sector job. He became a full-time in 1996, editorial cartoonist .1998 April, Breen won the Pulitzer Prize for editorial cartooning prize .2001 July, he returned home to join Tribune. Report
welter of literary talent and his great grasp of the historical situation.
Synopsis:
Robinson's award-winning column is about the African-American Barack - Obama won the post of head of state election campaign. < br> Author:
Eugene. Robinson is the Robinson in the foreign correspondent, had also served as diplomatic editor, and assistant editor of the newspaper as was responsible for award-winning fashion column .2005, he began to open in the op-ed page had a signed comment column. He is also the work : Association members, and won numerous awards for news category.
Depth mm and Julie Cart, they are the western United States in dealing with the growing wildfire threat, its cost-effectiveness of the exploration of fresh and hard.
winners Profile:
Bettina Boxall
freelance writer
of the Ministry of experience
* In 1987 to 92 SE / Long Beach branch, the main regional news reports and government information.
* Sac County trial and urban crime news.
* *
United Press International, 1978 to 80 years, Social Affairs reporter.
domestic mm Detroit News, Giblin
Award words:
awarded to the her female sexual relations chief of staff, led to the perjury investigation, and eventually the two prison officials.
Mesa, Arizona, awarded the use of limited resources to show how a popular sheriff to focus on immigration enforcement issues. These problems have hindered the migration of violent crime investigations and other aspects of public safety threat.
About the author:
Ryan Gabrielson is the Arizona's largest community college system in the major financial and academic fraud, as well as in southern Texas, the corruption of public construction projects. He was studying journalism at the University of Arizona, and won several national and state awards, including the Six Sigma Delta Chi Award (Sigma Delta Chi award) survey.
Paul Giblin for the Mesa, Arizona, The paper work and the different terms in this period as the Secretary Scottsdale (Scottsdale Bureau chief), metro columnist (metro columnist) and business journalists. Giblin has 24 years in Arizona, Hawaii and New Mexico reported experiences. He reports had appeared in the (politics and government reporting) report of the first prize, in 2004 Arizona Associated Press Editors Association (Arizona Associated Press Managing Editors association) Award for News section and special sections (news columns and feature columns) first, in 2004 Arizona Newspaper Association (the Arizona Newspapers Association) Prize for Freedom of information (Freedom of Information Award). (translation statement | water)
national news coverage mm br> Awards words:
awarded statement, tell the facts, let the voters get the facts.
About
PolitiFact was established in April 2007, the case against the presidential election verification, and in January 2009 and the White House extended to members of the Members In 2009 fact-finding in January, PolitiFact established Obameter, devoted to Obama's campaign promise to track. In addition, PolitiFact has also established a Truth-O-Meter, candidates, elected, political parties, interest groups , academics, talk show host to verify the statement. (translated words | water)
feature writing mm Fine exchanged and touching story. She described a prison full of cockroaches in the house, to be forgotten, can not talk, life can not take care of the little girl.
Author:
Lane DeGregory graduated from Virginia University, former editor of the University Journal. In ten years of news career, she has written many news and feature articles. She wrote the story received the 2000, 2004 and 2006 . He is very practical to reward local government to conceal the secret exposed the dangers, and he warned residents to effectively adhere to their right to know and write a series of editorials.
About
Mark Mahoney, aged 45, since 1988 Start the Post Star newspaper. In addition to writing all the focus for newspaper editorials and comment on current affairs, he has also responsible for organizing the supervision of the newspaper's editorial board, and a well-known blog writing, this blog is mainly about the First Amendment topic, called Awards and editor of an amendment, president of Lee Enterprises News Awards.
his career began in 1988 as a night at the Post Star reported that a reporter. Before that, he was in New York state capital Albany as the State News Service Justice News correspondent. He has written columns for a large number of free and has compiled and published some of it. He also is the nation's quarterly newspaper editor will be New York, graduated from Ithaca College, Bachelor of Science degree, majoring in communications management. He is a member of American Association of Editorial Writers, and served as Chairman of the Board of Education NCEW. (translated words | water)
breaking news photography mm Miami Miami Herald :
Patrick Farrell University of Miami in 1981 and received Bachelor of Fine Arts TV film production. He is a native of Miami who grew up in a family of 12 children, parents divorced when he was 13, so he put their parents bathroom bedroom transformed into the darkroom. (translated words | water)
novel class mmElizabeth Strout odd impact, the title hero mm blunt, there are shortcomings and attractive for readers to recount Olive mm.
Synopsis:
Olive. Birgit Ridge, a sometimes harsh, sometimes tolerance, sometimes sensitive, sometimes restrained retired female teachers, she lived in the town of Crosby, Maine, and even changes in the world deplores, but she does not always aware of the changes around her: a Lounge music people cherished a romantic past; she had taught a student lost the confidence to live; Olive has adult children by their own repressed irrational sentimentality; and her husband, Henry, found loyalty to both their marriage better, and like a curse. When the town or a leisurely or urgent people get mad struggle with their own problems, the Olive exploring a deeper level of themselves and their lives are sometimes very painful mm but always with a merciless realism. Olive. Puget Ridge insight into the human condition in the deeper levels of meaning mm conflicts, misery and joy, and the patient share the necessary approach to life. < br> Author:
Elizabeth. Strout is Los Angeles Times who won the first novel award and Sai Dengbang Chicago Tribune Heartland Prize (Chicago pulpit Center Award). She was also nominated PEN / Faulkner Award and the British Orange Prize finals. She had several short stories published in the journal, including the New Yorker and O: The Oprah Magazine. She is the Queen's University (located in Charlotte, North Carolina) is a member of MFA programs, living in New York City. (translated words | water) < br> Non-fiction mmDouglas A. Blackmon a name: African American Civil War to World War II, the second from slavery intimidation against black laws, thousands of African Americans were arrested, and accept staggering fine and pay the costs of the arrest. Since there is no ability to pay these local coal mines, lumber yard, brick factory, railway, quarry and plantation. thousands of other landowners in the South, African Americans were long years of forced labor. government officials imprisoned blacks to sell the small town businesses home, rich peasants and enterprises, including United States Steel Corporation, as the abundant cheap labor. large number of formal abolition of slavery. New Slavery and the federal government using legal loopholes in the policy, hindering the prosecution of white to black control of black people against their will. southern states sufficient financial reason, the new slavery is a critical tool that makes African Americans for full participation in the American political system, the road to meet resistance. book based on a large number of first-hand information and personal interviews, recorded in the the failure of the resistance of labor trafficking, discriminatory policies to benefit from the new modern business and the United States in the 1940s for fear of being enemy in World War II propaganda and the eventual abolition of this policy insider. This book is the United States today, the potential still exists summary and reflection of racial discrimination.
Author:
Douglas A. Blackmon is Atlanta bureau chief of The Wall Street Journal. his race, the economy and American society has a unique observation. He is currently residing with his family in Mississippi. (Translation made | water)
biography mmJon Meacham book, its core is a close friend of Jackson and his circle in which the turbulent times. highly respected people also hated, respected but also suffered verbal abuse, Jackson was a flame all the way to the peak power of orphans, he was the Democratic the country with his situation will reverse. Jackson's election in 1828 ushered in a new and lasting era, the era, the political elites but for no longer swayed by the civilian population. Democracy in the Jackson era took place, he expressed a change in a troubled and beleaguered in the country of hope and concern. In order to describe the legendary term President Jackson, the famous author John. Mitcham deep into the Jackson era of the White House, according to newly discovered family letters and documents, He described the building with Jackson that the victory after the storm and all the private world, including family, women, private consultants and so on.
as one of our remarkable achievements, but only vaguely remember being president, Jackson was a long time The war fighter, the founder of the Democratic Party, or the presidential system we now know the owner. His story contains violence, sex, courage, and tragedy. by virtue of their strong, powerful personality, courage and with the people of the obvious the mysterious link between Jackson to the White House from the government pushed to the periphery of the center of national decision-making to clarify the inherent challenges that must be implemented in order to listen to their will and interest groups (or the face of mass anger) the change of vision. those who follow the White House Jackson footprint with the most outstanding presidents, from Abraham Lincoln to Theodore Roosevelt to Franklin. Roosevelt to Truman, are all to Jackson as an example and an inspiration, and from the acquisition of virtue in his vision. Jackson described as sets of human contradiction Great. As the Indians driven from their land out of the initiator, but warm and sensitive and he is willing to give everything to hand power to the people, in short, he resembled his country: between the kind and vicious, transfer between the wise and the blind, and his life at all costs for the security of the Republic of the struggle. John. Meacham in delineate a full picture of human nature.
introduced
of John. Mitcham, is the Churchill: Portrait of a cordial friendship of history )
Drama mmLynn Nottage country ruins a family caused by death. then again how she protected her fight for women rights? how long she can continue? whether the price of human life measured?
Touchstone on Bertone. Brecht's works mmAnnette Gordon-Reed .
Synopsis:
17 century in the United Kingdom and one of colonial Virginia, trade between the state and a ship's captain living in the vicinity of Williamsburg, a combination of African slave. captain named Hemings, who gave birth to a daughter named Elizabeth.
This is the Washington Post, Time magazine, Amazon and so the same newspaper described as the best books this year at the beginning of epic. of the Gordon-Reed is a critically acclaimed biography of Thomas Jefferson and Sally Hemings writer, he Inside the book in another one on the Hemingses, Jefferson and his white family's amazing story. This book describes Sarah Hemings (nickname sally) many details of life, she was with Thomas Jefferson 38 years of contacts in the upbringing his seven children. The family history in the United States the story of a great man to occupy a very special place. We not only have access to the book Elizabeth Hemings, the family matriarch, mother of 12 children, 6 and one of them was born upstart Virginia, but also her family's membership by Jefferson and Martha Jefferson married into the private property and integrate together, understanding Jefferson's life, her children, that is Martha's brothers and sisters, in Jefferson's play an important role in life. We first came to Paris as a Hemingses, where James Hemings into a famous restaurant as a cook, when Sally14 years old, is the daughter of Jefferson's female companion; came to Philadelphia later, James Hemings became the new secretary of state's closest aides life; to Charlottetown, to Richmond, Hemings brothers and sisters have a situation, and finally to the Monticello estate, and later most of Jefferson's slaves, including the Hemings one, six months after the death of the Jefferson have been auctioned out. Hemingses one in Monticello with the experience as vivid estate, Monticello Manor not only the American leaders, the famous author of the Declaration of Independence was, Hemingses a story of their and our 3rd President of the blood contact can not be erased from the historical data in. book sentiment and profound insight into human nature, out in the extremely difficult and complex historical context. Hemingses an estate in Monticello story is great literature, a considerable achievement.
Author:
Annette Gordon-Reed is a professor of law at New York Law School, and served as professor of history at Rutgers University. (translated words | water)
Poetry mmW.S. Merwin light and darkness, secular and immortality, these subtle sense of mystery throughout the Melvin's latest collection of poems. light and shadow in the distinct colors, memories of the mines of Pennsylvania, a childhood conversation with the teacher, and shine the living language.
Author:
WS Melvin was born in New York, grew up in New Jersey, Union (Union City), and Scranton, Pennsylvania, his father was a Presbyterian minister. He has studied at Princeton University, where he studied John. Berryman and RP Blake Moore. graduate level, Melvin continue their studies at Princeton, Latin, and ultimately allowed him to Latin, Spanish and French translation had a strong interest in poetry. farewell, after Princeton, Melvin traveled to France, Spain and England, eventually settling Ma Luoka 1950s and became a famous poet, Robert. Graves tutor his son. Graf Sri Lanka and its interest in the myths and legends, the young had an important impact .1952 Melvin, the Melvin's first collection of poems won the Yale series of younger poets will award events, he is the WH Auden, who in the introduction referred to the superb skills of the young poet. This collection of poems called style of poetry. (translated words | water)
Music mmSteve Reich grasp force, and the continuing lure of human hearing.
Synopsis:
Double Sextet in two equal in Sextet, by the flute, clarinet, vibraphone, piano, violin and cello composition. just as I have a lot of work before the show, using two sets of identical instrumentation, can make the linkage between two of the same instrument, resulting in an integrated model.
About the author: Mr.
Reich was born and raised in New York and lived in California for some time .1957, he graduated from Cornell University and obtained a BA in Philosophy. the next two years, he studied composition under the tutelage of Hall Overton .1958 to 1961, he and William Bergsma and Vincent Persichetti with the Academy of Music in Julia (Juilliard School of Music) to learn .1963, he received the Mills College (Mills College) of Music degree, was working with him is Luciano Berio and Darius Mihaud. (translated words | water)
international news award mm Afghanistan and Pakistan face further political and military threats, often in dangerous situations reporting.
other nominations received this award are: AP Rukmini Callimachi, her in-depth investigation trafficking in West and Central Africa poverty the phenomenon of working children; Washington Post staff, who planned the development of women in developing countries, birth to death are suffering from the oppression of a sensitive series of reports, this report includes an impressive multimedia.
photography award mm
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