美国有线新闻 CNN 美股迎来牛市10周年 本轮牛市还能持续多久?

 

Our next story begins with a quote concerning the U.S. Stock Market, "the bull market is showing signs of old age but it's not dead yet." That was a CNN business headline from August 19th of last year. And the bull market it was talking about lives on. Bulls and bears are used to symbolize¹ conditions on Wall Street. A bull market is when prices are rising and it’s one sign that the U.S. economy's doing well. How long will it last? Well there's a saying that bull markets and economic expansions don't die of old age.

They don't just stop because they've been g???oing on a long time. But if major stock indexes like the Dow Jones Industrial Average and the S&P 500 drop 20 percent or more from their recent highs, we'll be in what's called a bear market. The question of whether that will happen any time soon is something no one knows the answer to.

CHRISTINE ROMANS: It is the 10th birthday of the current Stock Market bull run, the longest in history. A bull rally born on a day when no one was celebrating. March 9th, 2009, when the Standard and Poor's 500 tanked to 676.

ZAIN VERJEE: Wolf, more devastating² news for investors³. The Dow and the S&P are now down at new 12 year lows.

CHRISTINE ROMANS: From recession to recovery. This is what it looks like. The S&P 500 has more than quadrupled. History made all along the way. Stimulus⁴, tax cuts, an auto⁵ bailout, a new healthcare law, debt ceiling showdowns and a credit downgrade of U.S. debt. A budget sequester⁶ and then Democratic control giving way to a GOP hold on Congress. And ultimately the White House. More recently this. The Trump⁷ rally, a 40 percent rise from election day to recent highs, riding a wave of job creation. Tax cuts and slashed⁸ regulations. And once again, control of the House shifts back to Democrats⁹. The big question, the only question is will the bull live to see 11 years old?

The S&P 500 lost 6.2 percent in 2018, the worst showing since the great recession. And 2019 is a year with three big challenges, uncertainty¹⁰ about the global economy, particularly in Europe and China. Trade tensions between the U.S. and China have yet go be resolved. And investors are worried about interest rates. But the Federal Reserve has pivoted¹¹ from scheduled rate hikes to a more market friendly approach of patience which could keep the life of the bull for a little bit longer.

1 symbolize   

vt.作为...的象征，用符号代表

参考例句：

• Easter eggs symbolize the renewal of life.复活蛋象征新生。
• Dolphins symbolize the breath of life.海豚象征着生命的气息。

2 devastating   

adj.毁灭性的，令人震惊的，强有力的

参考例句：

• It is the most devastating storm in 20 years.这是20年来破坏性最大的风暴。
• Affairs do have a devastating effect on marriages.婚外情确实会对婚姻造成毁灭性的影响。

3 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• 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

4 stimulus   

n.刺激，刺激物，促进因素，引起兴奋的事物

参考例句：

• Regard each failure as a stimulus to further efforts.把每次失利看成对进一步努力的激励。
• Light is a stimulus to growth in plants.光是促进植物生长的一个因素。

5 auto   

n.(=automobile)(口语)汽车

参考例句：

• Don't park your auto here.别把你的汽车停在这儿。
• The auto industry has brought many people to Detroit.汽车工业把许多人吸引到了底特律。

6 sequester   

vt.使退隐，使隔绝

参考例句：

• Everything he owned was sequestered.他的所有财产都被扣押了。
• This jury is expected to be sequestered for at least two months.预计这个陪审团将至少被隔离两个月。

7 trump   

n.王牌，法宝；v.打出王牌，吹喇叭

参考例句：

• He was never able to trump up the courage to have a showdown.他始终鼓不起勇气摊牌。
• The coach saved his star player for a trump card.教练保留他的明星选手，作为他的王牌。

8 slashed   

v.挥砍( slash的过去式和过去分词 )；鞭打；割破；削减

参考例句：

• Someone had slashed the tyres on my car. 有人把我的汽车轮胎割破了。
• He slashed the bark off the tree with his knife. 他用刀把树皮从树上砍下。 来自《简明英汉词典》

9 democrats   

n.民主主义者，民主人士( democrat的名词复数 )

参考例句：

• The Democrats held a pep rally on Capitol Hill yesterday. 民主党昨天在国会山召开了竞选誓师大会。
• The democrats organize a filibuster in the senate. 民主党党员组织了阻挠议事。 来自《简明英汉词典》

10 uncertainty   

n.易变，靠不住，不确知，不确定的事物

参考例句：

• Her comments will add to the uncertainty of the situation.她的批评将会使局势更加不稳定。
• After six weeks of uncertainty,the strain was beginning to take its toll.6个星期的忐忑不安后，压力开始产生影响了。

11 pivoted   

adj.转动的，回转的，装在枢轴上的v.（似）在枢轴上转动( pivot的过去式和过去分词 )；把…放在枢轴上；以…为核心，围绕（主旨）展开

参考例句：

• His old legs and shoulders pivoted with the swinging of the pulling. 他一把把地拉着，两条老迈的腿儿和肩膀跟着转动。 来自英汉文学 - 老人与海
• When air is moving, the metal is pivoted on the hinge. 当空气流动时，金属板在铰链上转动。 来自辞典例句