In San Francisco, prices are still rising even as frenzied overbidding quiets.

在旧金山，高价抢购现象虽然销声匿迹了，可价格旧。

Geopolitics aside, the bull case rests on resurgent demand.

撇开地缘政治不谈，的理由在于需求的复苏。

Worse, many bonds—perhaps two-thirds or three-quarters of the market—have a “call option” attached to them that allows the issuer to repay the debt if it reaches a certain price.

更糟糕的是，大约2/3或3/4的市场中许多债券同期权相挂钩，即如果债券达到了一定价格后，允许证券发放者偿还债务.

An RSI value of 70 and above typically denotes the stock is overbought, but analysts are still bullish, with all 14 covering the company recommending buying the stock, data compiled by Bloomberg shows.

RSI值达到70或以上通常表示股票处于超买状态， 但们然，博汇编的数据显示， 所有14位覆盖该公司的均建议买入该股。

Still, new investors may not come in the droves that bulls expect.

尽管如此，新的投资者可能不会像人士预期的那样成群结队地到来。

Is the value of the American dollar expected to rise soon?

美元的价格是否要？

The bullish mood has pushed the benchmark Topix index to a 33-year high.

情绪已将日本基准股指东证指数推至33年来最高水平。

Global stocks began 2022 in bullish fashion, with major bourses notching records.

2022 年伊始，全球股市行情，各大交易所创下纪录。

You said Chipotle's gonna have a good day.

你说Chipotle要。

In more analytical, if less humorous, terms, another way of framing this shift is to ask whether the Fed put has become a Fed call.

如果正经一点，从更具性的角度来，另一种描述这种转变的方式是：问一问美联储的跌期权是否已经变为美联储期权。

We thought with being bullish on the market, the bull as a character made a lot of sense to us.

我们认为，随着市场的，公牛这个角色对我们来说很有意义。

A Fed call would imply just the opposite: namely, that the central bank is in effect capping the market (similar to traders who sell call options on their stock holdings).

美联储期权正相反，意味着：央行实际上为市场价格设定上限(类似于交易员出售所持股票的期权)。

Their first move was to buy call options on Volkswagen stock.

他们的第一步是购买大众汽车股票的期权。

The government could have purchased Nvidia call options and not made returns that good.

政府本可以购买英伟达的期权，但收益不会那么好。

In the world of markets, this is functionally called a call option.

在市场领域，这在功能上被称为期权。

Unexpectedly resilient demand for oil is at the heart of the bull's case.

出乎意料的石油需求韧性是者的核心论据。

And let's say these are the terms of the call option.

假设这些是期权的条款。

They were keen on call options on stocks that had the characteristics of long-odds bets.

他们热衷于期权，期权具有长期押注的特征。

So I am long Twitter and short Tesla.

所以我推特，跌特斯拉。

Is that sadly bullish OpenAI then, in terms of this is the right approach?

这么说来，OpenAI的前景恐怕是的，因为这确实是正确的方向吗？