1. Maria needs to allocate her assets among several good, bearish investments with very long-term potential. 
   玛丽亚需要在几宗良好的、价格看跌的投资之间分配资产，但这些资产要有长期的潜力。
2. It is foolish not to invest in stocks, so I will show her how to be bearish without them too, if she chooses. 
   不投资股票是愚蠢的，因此如果她选择股票，我会向她展示怎样在没有长期潜力的情况下进行卖空。
3. Of course, investors still bullish or bearish on the broad market can always place their bets on other SiMSCI Futures contracts still outstanding.  
   愿意继续投机的投资者只能把目标转到其他尚未到期的期货去。
4. On the other hand, a bearish investor who does not hold shares will have no way of putting his money where his belief is since short selling is not allowed.  
   如果他未持有任何股票，当局又不许卖空，不能利用自己的“高见”得利，
5. First of all, as illustrated above, a bullish investor needs only a relatively small sum of money to bet on the broad trend of the 35 stocks included in the MSCI index. For those who are bearish about the broad market movement, a short position in SIF allows them to profit from this view if it turns out to be right. 
   优点方面，第一、一个投资人只需有支付初始保证金的闲钱，就可以考验一下自己的“慧眼”了。

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• 1. 行情看跌
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• 2. 如熊的
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• 3. 粗鲁的
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• 4. 基准市场价值
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