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交易员认定ABX(由次级抵押贷款支撑的证券指数)会下跌。
The traders bet that the ABX, a family of indexes made up of securities backed by subprime mortgages, would fall.
对于那些习惯于牛市，认为我们能很快脱离这场危机的人来说，请记住，日本主要的证券指数现在还不到19年前水平的三分之一。
For those of you accustomed to bull markets, who think we're sure to come out of this quickly, remember this: Japan's main stock index is still less than one-third of its level of 19 years ago.
由于缺席者的存在，JPMorgan的债券指数中只包括14个成员，而MSCI的股本证券指数中却包括21个成员国家和地区。
These exclusions leave JPMorgan's bond index with 14 members, compared with the 21 countries in the MSCI equity index.
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