VOA慢速英语2013 Are You ＂In the Red＂ This Christmas? 这个圣诞你赤字了吗?

Are You ＂In the Red＂ This Christmas? 这个圣诞你赤字了吗?

Now, Words and Their Stories, a VOA Special English program about American expressions.  I’m Rich Kleinfeldt with some financial words and expressions used in  business and the stock market.

Our first expression is “in the red.”  It is another way of saying that a business is losing money.  In the past, numbers in the financial records of a company were  written in red ink to show a loss.

A business magazine recently published a report about a television company.  The report said the company was still in the red, but was able to cut its loss from the  year before.

A profit by a business is written in black numbers.  So a company that is “in the black” is making money.  An international news service reported that a private  health insurer in Australia announced it was “back in the black with its first profit in three years.”

Another financial expression is “run on the bank.”  That is what happens when many people try to withdraw all their money from a bank.  A “run on the bank” usually  happens when people believe there is danger a bank may fail or close.

Newspaper reports about a banking 1 crisis 2 in Russia used that expression.  They said the government acted because of fears that the crisis would cause a run on the  banks.  “When a run on the banks was starting, there was not much they could do,” said a banking expert.

“Day trading” is a new expression about a system that lets investors 4 trade directly on an electronic market system.  The system is known as NASDAQ, short for The  National Association of Securities Dealers 5 Automated 6 Quotation 7.  It was the first completely computerized stock market.  It sells stocks of companies not listed on any  stock exchange.  Many high technology companies are listed on it. Day trading companies provide a desk and a computer system to an investor 3 who wants to trade.  Individuals must provide fifty thousand dollars or more to the trading  company to pay for the stocks they buy.  Thousands of other investors do day trading from computers in their homes.

A day trader watches stock prices carefully.  When he sees a stock rise in price, he uses the computer to buy shares of the stock.  If the stock continues to rise in  price in the next few minutes, the day trader sells the shares quickly to make a small profit.  Then he looks for another stock to buy.  If a stock goes down instead  of up, he sells it and accepts the loss. The idea is to make a small profit many times during the day.  Day traders may buy and sell stocks hundreds of times each day.

Many day traders lose all their money in a week or so.  Only about thirty percent succeed in earning enough from their efforts to continue day trading.