新视野大学英语视听说教程3 Unit 10-15
时间：2018-12-11 作者：英语课 分类：新视野大学英语：视听说教程 3
Task 3: A Stock Market Crash
A stock market crash is a dramatic loss of shares of corporations. Crashes often follow speculative 1 stock market bubbles such as the dot-com boom.
After the most famous crash in 1929, known as the Black Thursday when the Dow Jones Industrial Average dropped 50%, there came the Great Depression. The following years saw the Dow drop a total of over 85%.
There was also a crash on Monday, October 19, 1987, known in financial circles as the Black Monday, when the Dow lost 22%of its value in a single day, bringing to an end a five-year bull run. The pattern was repeated across the world.
The stock market downturn of 2002 was part of a larger bear market that took the NASDAQ 75%from its highs and broader indices down 30%.
Stock market crashes are driven by panic as much as by economics factors. They often follow stock market bubbles. So long as the prospect 2 of further daily drops in the value stocks continues, those who invest in equities 3 will be discouraged. If few people are willing to make further investments, a bear market is expected to persist.
- Much of our information is speculative.我们的许多信息是带推测性的。
- The report is highly speculative and should be ignored.那个报道推测的成分很大，不应理会。