过去六个月里,所有新兴股票市场的风险比发达国家股市的风险大得多。
For the last six months, the world's emerging stock markets have been riskier than their developed market peers.
我不喜欢对股票市场妄下断言。我再次强调,我对股市的短期走势毫无头绪。
I don't like to opine on the stock market, and again I emphasize that I have no idea what the market will do in the short term.
underlying economy好像应该是指股票市场相对的经济,美国股市相对美国经济,中国股市相对中国经济的意思,这里意思是说如果是在美国,估价和历史趋势以及相对应的经济形势不符合的时候,通常是人们担心所在。
valuations that seem out of step with historical trends (and, in America, the underlying economy) are usually ones to worry about.
In the 1920s, a lot of bogus stuff was sold -a lot of people were cheated -so after the stock market crash of 1929, it led to a movement for regulation.
在上世纪20年代,很多不合规的股票流入市场,很多人受骗,所以1929年的股市大崩盘,促使政府采取了一系列加强金融监管的行动
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