We've had no down years since 1987--1987 that was the crash in October that I talked about earlier.
987年以后我们就没有亏损过,正是刚提过在十月发生了股灾的那个1987年
For example, the stock market crash of 1929 is repeatedly re-expected even though it only happened once; it's just prominent in our thinking.
929年股市崩盘,就被反复提及,尽管这只发生过一次,但是人们对它影响深刻
But, put it on a vehicle and keep that vehicle crash-worthy.
但是把它放在交通工具上时,同时还要保证交通工具能抗撞击。
It took these institutions until 1993--a full six years-- to get their bond allocation back down to where it had been prior to the crash in October 1987.
这些机构直至1993年,整整六年时间,才恢复到1987年10月崩盘之前的,债券投资配置
Other countries--In Europe, after the 1929 crash, they had a different reaction to the scandals and problems of the '20s and it wasn't as favorable to markets as in the U.S.
929大崩盘之后,欧洲的一些国家,却对于丑闻及20年代出现的问题,有着不同的反应,欧洲政府采取的措施并不如美国那样,有利于市场发展
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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