VOA标准英语2013--华尔街市场强势会持续到2014年

 

Wall Street Rolls into 2014 with Strong Market Year 华尔街市场强势会持续到2014年

NEW YORK — U. S. stock markets made strong gains in 2013, climbing more than 3000 points since January. The Federal Reserve decision to trim its stimulus¹ as of  January, 2014 encouraged investors² further. Analysts³ are all smiles about 2013 but slightly wary⁴ of 2014. 

The ticker in Times Square tells the story. The runup in investment portfolios⁵ during 2013 has been dramatic, and most analysts attribute it to the work of the Federal  Reserve. Peter Cardillo, chief market economist⁶, Rockwell Global Capital, says it has been an exciting year."

"Of course the markets have done quite nicely, stocks have enjoyed a nice runup, investment portfolios are at their highest level," he said. "Part of that is due to  the fact that the government , the central bank, has been extremely generous. They put a lot of liquidity⁷ into the market."

John Allison of Unio Holdings says the Fed reducing stimulus bond buying by $10 billion to $75-billion, may have a negative effect on the stock market.

"The Fed has been a big buyer of mortgages. The Fed has been a big buyer of U-S bonds, which has put money into the hands of the U.S. government, which then , in turn,  spends it in the economy, whether it is individuals, contractors⁸, the defense⁹ business or what have you," he said. "That has been the overwhelming reason why there has  been a tailwind in the market."

Allison says, "As that happens, I think interest rates will continue going up, and markets have a perverse¹⁰ way of not liking¹¹ interest rates going up no matter how good  the environment. So I see the U.S. as a bit of a mixed bag."

Most analysts agree that people should stay with their investments even if the market goes down and say it is a good time to buy.

Professor Stephen Brown of New York University's Stern School of Business supports the theory of long term investing in the market. He says, "Anyone investing in the  markets is investing for longer term, so what happens in the short term nobody can say. But in the longer term, if we believe in America, we believe that this is a  reasonable way to invest your money.

The market and most investors do not like uncertainty¹². The Fed’s recent move to trim the stimulus but keep interest rates low is an effort to reduce that uncertainty,  support growth in the U.S. economy and give confidence to the rest of the world. 

1 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。

2 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

3 analysts   

分析家，化验员( analyst的名词复数 )

参考例句：

• City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
• I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。

4 wary   

adj.谨慎的，机警的，小心的

参考例句：

• He is wary of telling secrets to others.他谨防向他人泄露秘密。
• Paula frowned,suddenly wary.宝拉皱了皱眉头，突然警惕起来。

5 portfolios   

n.投资组合( portfolio的名词复数 )；（保险）业务量；（公司或机构提供的）系列产品；纸夹

参考例句：

• Price risk arises in non-trading portfolios, as well as in trading portfolios. 价格风险中出现的非贸易投资，以及在贸易投资组合。 来自互联网
• How do we fatten our portfolios and stay financially healthy? 我们怎样育肥我们的投资结构和维持财政健康呢？ 来自互联网

6 economist   

n.经济学家，经济专家，节俭的人

参考例句：

• He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
• He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

7 liquidity   

n.流动性，偿债能力，流动资产

参考例句：

• 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。

8 contractors   

n.（建筑、监造中的）承包人( contractor的名词复数 )

参考例句：

• We got estimates from three different contractors before accepting the lowest. 我们得到3个承包商的报价后，接受了最低的报价。 来自《简明英汉词典》
• Contractors winning construction jobs had to kick back 2 per cent of the contract price to the mafia. 赢得建筑工作的承包商得抽出合同价格的百分之二的回扣给黑手党。 来自《简明英汉词典》

9 defense   

n.防御，保卫；[pl.]防务工事；辩护，答辩

参考例句：

• The accused has the right to defense.被告人有权获得辩护。
• The war has impacted the area with military and defense workers.战争使那个地区挤满了军队和防御工程人员。

10 perverse   

adj.刚愎的；坚持错误的，行为反常的

参考例句：

• It would be perverse to stop this healthy trend.阻止这种健康发展的趋势是没有道理的。
• She gets a perverse satisfaction from making other people embarrassed.她有一种不正常的心态，以使别人难堪来取乐。

11 liking   

n.爱好；嗜好；喜欢

参考例句：

• The word palate also means taste or liking.Palate这个词也有“口味”或“嗜好”的意思。
• I must admit I have no liking for exaggeration.我必须承认我不喜欢夸大其词。

12 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。