时间:2018-12-02 作者:英语课 分类:CNN美国有线新闻2017年10月


英语课

黑色星期一股灾30年 美国股市达创纪录高位


AZUZ: Yesterday, we explained the U.S. stock market's record high. Ironically, it came on the 30th anniversary of its most dramatic one-day crash ever. I keep saying one-day crash because what happened in 1929 was spread out over a longer period of time and contributed to the worldwide Great Depression that lasted for years.


Compared to that, the 1987 drop was short-lived. Stocks recovered within months. There was no prolonged recession or depression. But especially to the investors 2 who lived it, it was a day of near-hysteria, one from which the lessons learned include a plan intended to prevent it from ever happening again.


CHRISTINE ROMANS, CNN CHIEF BUSINESS CORRESPONDENT: October 19th, 1987, a day that would come to be known as Black Monday. The Dow plunged 3 22.6 percent. It had never happened before. It's still the biggest one day percentage loss of all time.


That means bigger than the 1929 stock market crash, or when trading reopened after the September 11th attacks or during the financial crisis that almost wipe out the global economy.


Here's how CNN reported Black Monday at the time.


LOU DOBBS, CNN HOST, MONEYLINE: Good evening. The stock market today crashed. The Dow Jones Industrials, every other major index, breaking records in its plummet 4 downward.


ROMANS: Yes, it was a crash pure and simple. And it was blamed on a number of factors, heightened hostilities 5 in the Persian Gulf 6, fear of higher interest rates, a five-year bull market without a significant correction at all, and program trading. But really, the word you heard over and over again —


UNIDENTIFIED FEMALE: This is a panic.


UNIDENTIFIED MALE: People were panicking.


REPORTER: This nosedive was pure investor 1 panic.


DOBBS: Well, panic is the only way to describe what happened on Wall Street today.


ROMANS: Panic, that's a big part of what separates a crash from just a really bad day on Wall Street. When emotion takes over, when trading is no longer calm or orderly, that's when Black Mondays are born.


So, could it happen again?


A panic is always theoretically possible, but a 22 percent decline on the Dow, that's less likely, because of circuit breakers first implemented 7 after the Black Monday freefall. Circuit breakers kick in to halt trading when stocks dive too far too fast. Think of it as a trading timeout, designed to give investors a chance to calm down. In other words, to interrupt a panic, and maybe to prevent another Black Monday.



1 investor
n.投资者,投资人
  • My nephew is a cautious investor.我侄子是个小心谨慎的投资者。
  • The investor believes that his investment will pay off handsomely soon.这个投资者相信他的投资不久会有相当大的收益。
2 investors
n.投资者,出资者( investor的名词复数 )
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
3 plunged
v.颠簸( plunge的过去式和过去分词 );暴跌;骤降;突降
  • The train derailed and plunged into the river. 火车脱轨栽进了河里。
  • She lost her balance and plunged 100 feet to her death. 她没有站稳,从100英尺的高处跌下摔死了。
4 plummet
vi.(价格、水平等)骤然下跌;n.铅坠;重压物
  • Mengniu and Yili have seen their shares plummet since the incident broke.自事件发生以来,蒙牛和伊利的股票大幅下跌。
  • Even if rice prices were to plummet,other brakes on poverty alleviation remain.就算大米价格下跌,其它阻止导致贫困的因素仍然存在。
5 hostilities
n.战争;敌意(hostility的复数);敌对状态;战事
  • Mexico called for an immediate cessation of hostilities. 墨西哥要求立即停止敌对行动。
  • All the old hostilities resurfaced when they met again. 他们再次碰面时,过去的种种敌意又都冒了出来。
6 gulf
n.海湾;深渊,鸿沟;分歧,隔阂
  • The gulf between the two leaders cannot be bridged.两位领导人之间的鸿沟难以跨越。
  • There is a gulf between the two cities.这两座城市间有个海湾。
7 implemented
v.实现( implement的过去式和过去分词 );执行;贯彻;使生效
  • This agreement, if not implemented, is a mere scrap of paper. 这个协定如不执行只不过是一纸空文。 来自《现代汉英综合大词典》
  • The economy is in danger of collapse unless far-reaching reforms are implemented. 如果不实施影响深远的改革,经济就面临崩溃的危险。 来自辞典例句
学英语单词
achmores
acpuired
additional expenses-strikes
agonothetes
ajmalin
amperometric method
andriatry
anesthesia paralysis
antall
application in the planting hole
ardilas
Attert
Balladonia
be on relief
belandre
bluff bit
change password
chase ports
chemically precipitate metal powder
Claudius cells
cocks of the walk
code bases
combine dimensions
continuous casting steel machine
Dealer's Deposits Fund
delete lines command
dermatofibroma
dinitro-fluoroaniline
don bacteria
Dowell
dunker
Eurya metcalfiana
family naticidaes
fatti
feudal-absolutist state
field-weakening region
flow lines
forest assistant
gas and steam combined cycle
go snacks
Google Docs
Haripād
hasten to sb's assistance
hearth number
hull girder vibration
HVDC coupling station
incomparabilities
interrupt analysis
isopathic immunization
Kanasing
kayal
Kyōto-shi
liberty spike
lift scheme
light pole
lightninglike
lunkhead
macoradical
market-maker, marketmaker
morali
Mughayrā'
mutineer
mycosphaerella imperatae
nelan
nil ductility transition
niobian
noncentrosymmetric structure
nonpresence
o?litic limestion
off-colo(u)r product
overall approximation
partial deck
patheticly
pectography
phago-
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Placido's disk
polarchy
polyundecylamide fibre
possessioning
projective operator
puzzle ... head
reprivatise
resonance structures
saprobic animal
scalariform marking
simple oxygen system
skin pathology
stator ring
stereocartograf
stick at itiveness
surrenderee
sways
the coming of
trampoosing
type of decay
underground facility arrangement
upward dislocation
vasomotor rhinitis
warty tuberculosis
western
yiz