Forget stock markets only going up.
切莫幻想股市只涨不跌。
Periods of stability always lead to excess and eventual crisis, and freer financial markets only lead to greater damage.
那些稳定的周期总是导致泡沫甚至危机，更加自由的金融市场只会加剧损失。
The willingness of central Banks to use interest-rate cuts to bail out financial markets only added to the speculative enthusiasm.
央行通过降低利率来挽救金融市场的意愿只助长了这种投机热情。
'Intervention in currency markets only works in very rare environments, mostly when it's very quiet with low volume,' Mr. Merk says.
默克说，干预汇市的行为只在非常罕见的情况下才会有效，大多是市场非常清淡、成交量很低的时候。
But some traders in futures markets only want to make a profit. They buy or sell contracts depending on the direction they believe prices will go.
但期货市场的一些交易商只想赚钱，他们根据自己对价格趋势的判断买入或卖出合约。
Inventory and discovery - Inventory and discovery combines multiple markets only some of which are directly linked in the minds of most in the industry with asset management.
库存和发现——库存和发现涉及多个市场，但只有一部分市场在业界大多数人看来与资产管理直接有关。
The index of Shenzhen market is more volatile than Shanghai, monthly excessive return rate is opposite between two markets Only a part of speculator could gain positive retum.
深圳市场股价指数本身的波动幅度要大于上海市场，而股价指数月度超额收益率的波动情况则相反；只有一部分投机者的投机收益为正；
Future markets, which show only a modest recovery of prices to around $60 a barrel by 2019, support this view.
期货市场也支持这一观点。期货市场显示，到2019年，油价只会小幅回升至每桶60美元左右。
Futures markets, which show only a modest recovery of prices to around $60 a barrel by 2019, support this view.
期货市场显示到2019年，油价仅小幅回升至每桶60美元左右，该市场支持这一观点。
A large part of the buying, especially in the oil markets, was fed by speculators who believed demand would only soar.
大多数投资者选择做多，特别是原油市场，一度吸引了那些坚信需求仍将高涨的投机者。
Although only a research project at this stage, the request has raised the prospect of regulators wading into early-stage tech markets that until now have been beyond their reach.
尽管现阶段这只是一个研究项目，但这一请求提高了监管机构涉足早期科技市场的可能性，而到目前为止，监管机构还无法涉足这些市场。
Because of the COVID-19, only a few markets were open in our city last spring.
由于新冠疫情，去年春天我市只有几个市场开放。
Many managers in China and other emerging markets are familiar only with good times, so some investors worry that they might not perform well if the economy stumbled.
许多在中国和其他新兴市场的基金经理仅仅经历过好时期；一些投资者担心，如果经济下滑，他们的表现就会变的糟糕。
And its only alternative route to other markets is through Russia.
蒙古谋求其它市场唯一可选择的路线只能经过俄罗斯。
The paradox is that financial markets can function again only if this lesson is partly forgotten.
但有悖常理的是金融市场只有在部分无视这一教训时才能重新运转。
For the largest European banking markets, only France has enjoyed an increase in its share of profits, while its asset share declined slightly.
拿最大的欧洲银行市场来说，仅法国在每股利润有所增长，而每股资产略微下降。
For much of 2008 these markets seemed only marginally affected by the slowdown in the developed West.
2008年的大部分时间，新兴市场只受到西方发达国家经济下滑的些许影响。
But in floating exchange rate markets, speculators can only make money if they help to stabilise the market, not if they make it more unstable.
但是在浮动汇率市场上，投机商若要赚钱，只有帮助稳定市场而不是使市场更加动荡。
Stronger banks and cajashave also been able to borrow from the wholesale markets, even if only at highrates and, in some cases, using state guarantees.
更为强势的银行和信用社已经能够从批发市场举债了，即使面临着高利率，并且在有些情况下还需要国家的担保。
Firms of all sizes have spread themselves abroad, in search not only of markets but also of cheaper production.
为了市场也为了更便宜的劳动力，各种规模的企业都来到了海外。
Many emerging markets escaped recession or experienced only a mild downturn, and are now grappling with bubbly credit growth and asset markets.
许多市场出现了逃避萧条或者仅仅是经历了轻微的低迷时期，目前正在努力解决泡沫信贷增长和资产市场的问题。
And these markets became increasingly concentrated in only two major clearing Banks.
这些市场变得越来越集中于两家大型清算银行。
And these markets became increasingly concentrated in only two major clearing Banks.
这些市场变得越来越集中于两家大型清算银行。
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