商业报道:黑色十月--全球股灾

We seem to have a deep rooted fear in the market right now, concerning whether the US economy is on the skids¹ and we saw an emergency of rate cut for the, from the Fed about a month ago, and again we saw a retail² Fed cut about a week and a half two weeks ago and right now what investors³ are actually betting on is that we are going to see another rate...Fed rate cut towards the end of the month. But I'll tell you what's really the big fear, what's really driving this market lower is the concern that the US consumer is really maxed out. So it wasn't the big banks that really took it on the chin on Friday, no, it was company just like people like you know, 3M you know the ones that make posted note from toilet paper and whatever else they make those are the ones that are really being hit very hard, but the mitigating⁴ circumstance is behind me, you can probably hear it's busy. We are not seeing the near the kind of selling that we thought. We thought the Dow would be down about 2.5% on Friday, but we are only declined about 1% so we, it is a decline but we see that as a you know, as a silver lining⁵ that we are able to hold our own against a very weak week of Asia.

So when Caterpillar⁶ came out with that profit warning on Friday that was enough to send things into a downward spiral, to what extent though do you think sentiment played a part in all of that rather than actual fundamentals. It was of course the 20th anniversary of black Monday on Friday?

Yeah this black...

Notes:

Silver Lining: A hopeful or comforting prospect in the midst of difficulty

Take it on the chin: to have a lot of bad things happen to you or to be criticized a lot

1 skids   

n.滑向一侧( skid的名词复数 )；滑道；滚道；制轮器v.（通常指车辆） 侧滑( skid的第三人称单数 )；打滑；滑行；（住在）贫民区

参考例句：

• The aging football player was playing on the skids. 那个上了年纪的足球运动员很明显地在走下坡路。 来自辞典例句
• It's a shame that he hit the skids. 很遗憾他消沉了。 来自辞典例句

2 retail   

v./n.零售；adv.以零售价格

参考例句：

• In this shop they retail tobacco and sweets.这家铺子零售香烟和糖果。
• These shoes retail at 10 yuan a pair.这些鞋子零卖10元一双。

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 mitigating   

v.减轻，缓和( mitigate的现在分词 )

参考例句：

• Are there any mitigating circumstances in this case ? 本案中是否有任何情况可以减轻被告的罪行？ 来自辞典例句
• A sentencing judge is required to consider any mitigating circumstances befor imposing the death penalty. 在处死刑之前，要求量刑法官必须考虑是否有任何减轻罪行之情节。 来自口语例句

5 lining   

n.衬里，衬料

参考例句：

• The lining of my coat is torn.我的外套衬里破了。
• Moss makes an attractive lining to wire baskets.用苔藓垫在铁丝篮里很漂亮。

6 caterpillar   

n.毛虫，蝴蝶的幼虫

参考例句：

• A butterfly is produced by metamorphosis from a caterpillar.蝴蝶是由毛虫脱胎变成的。
• A caterpillar must pass through the cocoon stage to become a butterfly.毛毛虫必须经过茧的阶段才能变成蝴蝶。