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
.45-calibrer
Acaudina
adhesive type tyre
advance of fund
American round
antimonous fluoride
App Inventor
appraisal of machinery and equipment
aravalli range
audion tube
awareness
awayte
be afflicted at
blade tip deflection
boastful
broach cover
buttonhole operation
calliphorine myiasis
capacity of urban comprehensive disaster prevention
cargo dehumidification system
celis
cheat grass
chorisoneura formosana
chromophobic cellular tumor
clathrate structure
computation fluid mechanics
cost book
cruftiest
diadematoid
Dionysius,The Younger
discount on common stock
Euvestin
evangelical and reformed churches
even number pulse
fixed engine
fluke worm
funis hippocratis
get on with something
GM_neither-neither-nor-and-not-either
go Galt
guara
Haut-Einheits-Dosis
heart hypertrophy
Hebrovellidae
helc-
heptadecyl chloride
Icelandic Plateau
ilberies
Impatiens tubulosa
in a monastic silence
inexplicability
klystron repeater
kneecaping
light-brown
liver meal
lobettas
long-tailed porcupine
mass ejection
mean free time
Meditrenum
monetary capital
musical murmur
my memory
NaFBR sodium cooled fast breeder reactor
navigational warning for Atlantic
neurodepressive
octachora
palo duro canyon
perparine
price economy
priority symbol
proiner
put ... forward
quadrate lobe
quintuple frequency induction furnace
radioactive particles
re-named
reactive disperse dyes
schumann-heinks
Sertabs
skipping out
small steel shape
spot-welding equipment
stow down
surundacion
tals
tax depreciation
tetraclita formosana
thread tension bracket
to the turn of a hair
traumatic myelitis
twist multiplier
two way break before-make contact
two-spool
video insertion
visualizers
Volchikha
weak type
Werneking's commissure
wessling
witness an agreement
zinc vertical retorting