VOA标准英语10月-US Stocks Plunge in Volatile Trading Thursday
时间：2019-01-16 作者：英语课 分类：VOA标准英语2008年（十月）
Traders David O'Day, center, and Steve Schnibbe, right, work on the floor of the New York Stock Exchange 9 Oct. 2008
Most of the selling came late in the day during a session that saw considerable volatility 1. The Dow Jones Industrials closed at their lowest level since August 2003. The closely-watched average has now fallen 37 percent, or more than 5,000 points from its all-time high exactly one year ago.
"We don't want fear to drive the markets. And we're getting to that point where sentiment is a very key factor," said David Gertz, a trader at High Mark Funds.
Scott Nations at the Chicago Mercantile Exchange says markets are disappointed that it will be several weeks before the government is able to use the $700 billion set aside for buying up distressed 2 assets. "The $700 billion intervention 3 may be exactly the right move. But if it takes 45 days for that money to get into the system, then we're really stuck for those 45 days," he said.
Both Nations and Gertz spoke 4 on Bloomberg Television.
It was the seventh consecutive 5 daily loss on the New York Stock Exchange. Oil was steady at $86 a barrel and gold was down $20 to $886 an ounce.
On Friday finance ministers from the seven richest industrial nations hold a previously 6 scheduled meeting at the U.S. Treasury 7. That gathering 8 is taking on added urgency as the credit crisis that began in the United States 14 months ago has spread to Europe and around the world. World Bank President Robert Zoellick, who will attend portions of the meeting, says finance officials will be discussing ways to unfreeze the markets so that normal lending can resume.
"What you saw with some of these financial institutions, even if they had a good capital based, they didn't have the liquidity 9 to be able to respond promptly 10 to people wanting to take money out of the system," he said.
U.S. Treasury Secretary Henry Paulson also plans to convene 11 a special meeting on Saturday of finance ministers and central bank chiefs from 20 industrial and developing countries.
- That was one reason why volatility was so low last year.这也是去年波动性如此低的原因之一。
- Yet because volatility remained low for so long,disaster myopia prevailed.然而，由于相当长的时间里波动性小，灾难短视就获胜了。
- He was too distressed and confused to answer their questions. 他非常苦恼而困惑，无法回答他们的问题。
- The news of his death distressed us greatly. 他逝世的消息使我们极为悲痛。
- The government's intervention in this dispute will not help.政府对这场争论的干预不会起作用。
- Many people felt he would be hostile to the idea of foreign intervention.许多人觉得他会反对外来干预。
- They sourced the spoke nuts from our company.他们的轮辐螺帽是从我们公司获得的。
- The spokes of a wheel are the bars that connect the outer ring to the centre.辐条是轮子上连接外圈与中心的条棒。
- It has rained for four consecutive days.已连续下了四天雨。
- The policy of our Party is consecutive.我党的政策始终如一。
- The bicycle tyre blew out at a previously damaged point.自行车胎在以前损坏过的地方又爆开了。
- Let me digress for a moment and explain what had happened previously.让我岔开一会儿，解释原先发生了什么。
- The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
- This book is a treasury of useful information.这本书是有价值的信息宝库。
- He called on Mr. White to speak at the gathering.他请怀特先生在集会上讲话。
- He is on the wing gathering material for his novels.他正忙于为他的小说收集资料。
- The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
- The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。
- He paid the money back promptly.他立即还了钱。
- She promptly seized the opportunity his absence gave her.她立即抓住了因他不在场给她创造的机会。