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The stage is therefore set for the triumph of those the meme-stock lot profess to hate most of all: short-sellers, who try to sniff out this sort of stuff.
因此，勝利舞臺已經準備好，迎接那些meme股票支持者聲稱最討厭的人：試圖嗅出蛛絲馬跡的做空者。
Nathan Anderson, founder of Hindenburg Research and a famed short-seller, has already made quite a splash with an investigation into what he alleges is widespread fraud and market manipulation at the Adani Group, an enormous Indian conglomerate, which strongly denies the claims.
興登堡研究公司創始人、著名賣空者內森·安德森對印度大型企業集團阿達尼集團存在的大規模欺詐和市場操縱行為展開了調查，引起了不小的轟動。阿達尼集團對這些指控表示強烈否認。
What, then, is left of the retail era?
那么，零售時代還剩下什么呢？
Individual traders are more important than they used to be, even if they are far from the peak of their powers.
散戶投資者比以往更加重要，盡管他們距離權力的巔峰還很遠。
In 2019 the retail share of stock-trading volumes hovered at around 15%.
2019年，散戶投資者在股票交易量中的份額是15%左右。
Then, in the first quarter of 2021, it peaked at 24%.
在2021年第一季度，這一比例達到了24%，創下歷史新高。
This figure understated the true power of retail investors.
這一數字低估了散戶投資者的真正力量。
Exclude marketmakers, who stand in the middle of most trades, and retail traders made up about half of volumes, with institutional investors accounting for the rest.
除去參與大多數交易的做市商，散戶投資者參與的交易約占總成交量的一半，其余的是機構投資者。
Although retail traders' share fell to an average of 18% in 2022, or around one-third excluding marketmakers, this is still above where things started.
盡管散戶投資者的交易份額在2022年降至平均18%，剔除做市商后約占三分之一，但這仍高于其初始水平。
When the stockmarket rallies, it is faddish favourites, like GameStop and Tesla, leading the charge.
當股市出現反彈，像游戲驛站和特斯拉這樣的“流行寵兒”才是領頭羊。
Perhaps what will endure longest, though, is the levity.
不過，持續時間最長的或許是輕率。
Investing is normally a serious business.
投資通常是一項嚴肅的業務。
But even as the hold-on-for-dear-life gang let go of their treasures and rethink their old grudges, their influence is still felt.
但是，盡管“不管漲跌都穩穩拿住”的一伙人放棄了他們的寶藏，開始重新思考過去的積怨，他們依然具有很大的影響力。
There are already plenty of Hindenburg versus Adani memes on r/WallStreetBets, the Reddit forum where it all began.
在一切得以發生的Reddit論壇上，討論又開始了。在“華爾街賭注”板塊上，已經有大量興登堡對阿達尼的meme。
These echo the ones made about Melvin versus GameStop two years ago, with a small difference.
這與兩年前梅爾文資本對游戲驛站的情況如出一轍，只是略有不同。
This time Mr. Anderson, the short-seller, is the hero.
這一次，做空者安德森先生是個英雄。
