对其的估价也还未到甩卖的地步。与之前个位数的熊市相比，现在美国市场周期性调整的市盈率是14.5。
And valuations are not yet at fire-sale levels; the cyclically adjusted price-earnings ratio of the American market is 14.5, compared with previous bear-market lows in single digits.
史蒂文.乔布斯信托报告说所有的1.38亿迪士尼股份,昨天在股票市场收盘时估价已达4.6亿美元,按照一个13G调整的档案.这一档案显示鲍威尔.乔布斯是受托人.一个13G显示暗示信托公司无意影响迪士尼的管理.
The filing lists Powell Jobs as trustee. A 13G suggests the trust has no intent to influence control of Disney.
从历史上来看，这种调整意在提高货币兑美元的估价，因此新兴货币的价格看起来会更加合理。
Historically, this adjustment has tended to raise currencies' valuations against the dollar, so emerging-market currencies tend to look more reasonably priced.
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