Markets are moved by sentiment that has little to do with the underlying value of individual corporations.
影响市场指数的因素和公司的潜在价值没有什么太大的联系。
Market prices were thus the best available estimate of the underlying value of securities and should not be second-guessed by regulators.
因此,对于票据的潜在价值,市场价格是最好的可用估值,监管者的马后炮倒是不起作用。
This suggests that the pound is now close to its underlying value against the dollar and about 15% below its long-term value against the euro.
也就是说英镑兑美元的比率已经接近于体现其根本价值,同时兑欧元的比率显示其长期价值被低估了15%。
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