Although stock prices and earnings move up and down violently, dividends have been more reliable, typically falling from the peak of a cycle to its trough by only one-tenth in real terms.
尽管股票价格和收益上下波动的很厉害，但是红利是比较稳定可靠的，按实值计算从波峰跌落到波谷也就十分之一的差距。
It's a nonevent for stock markets to swing 15% peak-to-trough every year.
对于股票市场来说，每年峰谷波动15%也不足为奇。
It's a nonevent for stock markets to swing 15% peak-to-trough every year.
对于股票市场来说，每年峰谷波动15%也不足为奇。
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