股票市场英语文章

A. 急求英语作文 股票的利弊

A stock market can change your life, and makes a giant gnome. There is, Bill Gates and warren buffett, li, LiuYuanSheng near the YangHuiYan, ma, shi yuzhu has, liu fang, because they are from, and increase market share envied virtues.
Second, the stock market is like a big stage drama, daily astounding tragicomedy. Actors don't need more makeup, acting, can fry are the star. Despite the tragedy figures than comedy character, but tragedy than play well.
Third, fry is a noble profession. Contemporary folk yue: first-class professional fry stock, secondary vocational and professional advertising street name. Third-class Don't make the vendors, medicine.hurry fry two play.
Four, the stock market is the spiralling, can make a person to get rich quick. Shake it and courage and strength; luck, Don't shake, money of leaves will fall in your head.
Five, the stock market full of philosophy, the static and dynamic can tell you, pleasure and pain, rich and poor, and the philosophy of life and death. Choose to think, fry with the philosopher.
Six, the market can temper one's will, make the person is strong, even to cut meat will utter on Saturday, as the war with the enemy tortured and never renegade underground workers.
Seven, fry is full of excitement, can smoke in the war and peace through baptism, "television, sound", "was", good KuHao cool!
Eight, buy stocks is bought in the future, who does not wish a better tomorrow? Youth without regrets, the future, I take money betting priceless tomorrow, value!
Nine, fry, the game is wise to have high culture, review and profound theory. Don't believe the fund manager at least, why are eligible to dr ma, natural materials shall bear my Fried.
Ten, the stock market full of imagination. Don't think of things, not dare to think, dare do make money, have imagination can make paper money.
11 and market can widen again obtain employment channels, alleviate employment pressure.
Twelve, fry equates to patriotism. The government from stock financing billions every year. Millions of people have donated money for helping soes into the Treasury, stamp ty.
13 and stock elixir, especially the lonely, indifference, selfish and alzheimer's disease. Want to say goodbye to cancer, please.
14, fry can prevent crime, especially the gambling. Fry stock, PaiJiu kumite mahjong tyre was not interested.
15 and fry QianTiaoWanTiao reason, but ultimately only one: right! Fry
Don't fry 35 reason
A stock is a big dye VAT, and if you don't care who put in hand, you will lose. If want to wash, also won't wash clean. Want to JieShenZiHao, please don't fry.
Second, the stock market risk, it is not only will your riches sinister, lane is bad also forfeits his hide.
Third, market with "black" words are too much. The black box and shady, black, black, black... Howl, if you don't, please don't fry colluding.
Four, the stock market is sometimes tell. False performance, false report, reorganization, are false, Big, big and silly, greed, big, Fry, except as stir-fry air, jiaogechan enpty hands. Stir-fry high price is very beautiful, and performance of listed companies, and total salary 1300 yuan only two cents, you get to repay, you believe or not.
Five, the stock market is not fair. As you see firsthand material retail, hear a information, not even see the first-class service, market even didn't have to sit bench. Fry is asking for SINS.
Six, investors identity meanness. Nine people, people who? Calculate only nine etc. "DengWaiPin" outside, millions of people are not even a association, like into hangxiao that fraud, collective action, the court is not accepted.
Seven, the stock market is the department, you put money machine, others without proving am can carry away, and not dozen receipt. Sing a song is so: please take me to your home, stock, please leave your money. Will money or stocks, please choose!
Eight, fry with gambling, and most easily knoe corruption. Banker like "cheat" perspective, wear contact lens, visible, a large number of small organ, you still dare to fry?
Nine, fry is broken families. A man should not wife, family shares by more and more weak, fry stock is the radiant party.
Ten, exchange, good and evil people mixed up, old crowded, people often not to many places, the easiest to cut the purse.
11 and fry as "religious", GuPingGu superstition, superstition of subjects, such as magic, the man went into a believer.
Twelve, fry, if not, is the lowest level of career. As a modern ShunKouLiu can find work, only the stocks, the unit after class, the stock market had mixed.
13 and fry can make people, all the investors for the old stock depth, no less money hold-op smitten, but didn't earn less wrinkles.
14 and fry diseases, especially hypertension can stroke hysteria, etc. Now, in the public eloquent speaker, but is no longer sell leather is the plaster investors.
15, can be addictive, fry the intense dependence, 1 don't fry, moment seems like three years. Suggest the government offered by compulsory quit shares, to save slip investors.

中文翻译：
一、股市能改变人生，使侏儒变成巨人。远的有巴菲特、比尔·盖茨、李嘉诚、刘元生，近的有杨惠研、马云、史玉柱、刘芳、李予成，他们都因股票市值剧增而受人羡慕景仰。
二、股市像一个大舞台，每日上演着轰轰烈烈的悲喜剧。演员不用化妆，更毋需演技，能炒就是明星。尽管悲剧人物多于喜剧角色，但悲剧总比没有剧好。
三、炒股是一种高尚的职业。当代民谣曰：一流职业炒股票，二流职业做广告，三流职业满街叫。不想做叫卖的摊贩，请来炒两把玩玩。
四、股市是棵摇钱树，能使人快速致富。摇动它，全凭力气勇气加运气；不摇，钞票般的树叶不会掉在你头上。
五、股市充满了哲学，能告诉你静与动、苦与乐、穷与富、生与死的哲理。选股要作思考状，炒股者跟哲学家没两样。
六、股市能磨炼人的意志，使人坚强，即使割肉断臂也不会吭上一声，如同战争年代面对敌人严刑拷打也永不变节的地下工作者。
七、炒股充满了刺激，能在和平年代经受战火与硝烟的洗礼，时而“亮剑”，时而吹响“集结号”，好酷好爽呀！
八、买股票就是买未来，谁不愿明天更美好？青春无悔，未来无价，我拿金钱赌明天，值！
九、炒股是智者的游戏，要有很高的文化修养，股评理论高深莫测。不信，为何基金经理起码要博士硕士才有资格担当，天生我材必炒股。
十、股市充满了想象力。不敢想的事敢想，不敢做的事敢做，有钱能使鬼推磨，有想象能使纸变钱。
十一、股市能拓宽再就业渠道，减轻社会就业压力。
十二、炒股等同于爱国。政府每年能从股市融资数千亿。上亿股民都为国企脱困捐了款，为国库交足了印花税。
十三、股市能治百病，特别是孤独、冷漠、自私和老年痴呆症。想告别病魔，请来炒股。
十四、炒股能预防犯罪，特别是赌博犯罪。炒过股票的人，对打麻将推牌九都不感兴趣。
十五、炒股的理由千条万条，但归根结底只有一条：就是炒股有理！
不炒股的十五条理由
一、股市是个大染缸，谁要是不小心把手放进去，就会失去本色。即使想金盆洗手，也洗不干净。要想洁身自好，请不要炒股。
二、股市有风险，其险恶在于不仅要你钱财，弄不好还会赔上小命。
三、股市同“黑”字有太多的渊源。黑箱、黑幕、黑马、黑庄、黑熊……近墨者黑，倘若你不想同流合污，请不要炒股。
四、股市有时是个假大空的场所。假业绩、假年报、假重组，都是假；大话、大傻、大贪，都是大；炒股如同炒空气，除了交割单，两手空空。股价炒得很高，业绩很漂亮，有上市公司老总年薪1300万元，而只分你两毛钱，得不到业绩回报，信不信由你。
五、股市太不公平。身为散户你看不到一手资料，听不到一线信息，得不到一流服务，甚至看大盘连冷板凳都没得坐。炒股等于自找罪受。
六、股民身份低贱。人分九等，股民算老几？只能算九等之外的“等外品”，上亿股民连个协会都没有，受了像杭萧钢构那样的欺诈，集体诉讼，法院都不受理。
七、股市是部提款机，你把钱放进去，别人无须验明正身就能提走，且不打收条。有首歌是这样唱的：请把我的股带回你的家，请把你的钞票留下。要钞票还是要股，请选择吧！
八、炒股跟赌博没什么两样，且最容易滋生腐败。庄家如同“老千”，戴着隐形透视镜，看得见底牌，掌握着开大开小的机关，你还敢炒吗？
九、炒股是家庭破裂的导火索。男人要股不要妻，家庭观念被越炒越淡，而股票就是那勾魂摄魄的第三者。
十、交易厅人满为患，鱼龙混杂，老人常告诫，不要到人多的地方去，最容易被人掏了钱包。
十一、炒股如同“信教”，迷信股评家，迷信概念，对题材走火如魔，把人变为信徒。
十二、炒股算不上职业，如果算的话，也是最低级的职业。有一时髦顺口溜为证：工作没法找，只把股票炒，单位下了课，股市混着过。
十三、炒股能使人衰老，股民无时无刻不为股票深度套牢魂牵梦萦，钱没少赔，皱纹却没少赚。
十四、炒股能生百病，特别是高血压中风歇斯底里症等。如今能在大庭广众口若悬河的，不再是演说家，除了卖狗皮膏药的便是股民。
十五、炒股能使人上瘾，产生强烈的依赖性，一日不炒，如隔三秋。建议政府开办强制戒股所，以挽救失足股民。

B. 关于中国股票市场的英文介绍 大约3000字

Stocks nosedive after record high close

China stocks took a roller coaster ride in the first two sessions after the Spring Festival, suffering a record daily tumble Tuesday after reaching an all-time high the previous day.

The benchmark Shanghai Composite Index, which tracks the bigger of China's stock exchanges, fell 268.81 points, or 8.84 per cent, to 2,771.79, the biggest fall in points since the index was launched. The Shenzhen Composite Index, which tracks the smaller of China's bourses, plummeted 66.3 points, or 8.54 per cent to 709.81. The Shanghai and Shenzhen 300 index of major companies in the two bourses, lost 250.18 points, or 9.24 per cent to 2,457.49.

Led by big caps, more than 900 stocks in Shanghai and Shenzhen fell the daily limit of 10 per cent.

The Instrial and Commercial Bank of China, the nation's biggest lender, tumbled 7.86 per cent to 4.69 yuan. China Life, the country's biggest insurer, lost 9.02 per cent to 33.89 yuan. Instrial Bank, which made an A-share debut this month, was down 10 per cent to 24.11 yuan.

China Petroleum and Chemical Corporation (Sinopec), Asia's biggest refiner, fell 10 per cent to 8.90 yuan.

China Vanke Co., the nation's biggest property developer, went from 9.97 percent to 14.26. Baoshan Iron & Steel Co., China's biggest steelmaker, dropped 9.98 percent to 9.02. Citic Securities Co., the nation's biggest publicly traded brokerage, lost 9.70 per cent to 36.21 yuan.

The decline came as some investors judged the Shanghai Composite Index's record closing high Monday to be excessive relative to earnings potential, according to Bloomberg News.

"The market's very sensitive as it's been trading at record levels and some stocks are considered overvalued," Fan Dizhao, who helps manage about $1.8 billion with Guotai Asset Management Co. in Shanghai was quoted as saying.

"Investors are nervous about recent rapid gains and aren't convinced further share-price increases can be sustained."

Speculation about possible measures against illegal capital also dragged on the stocks, hexun.com reported.

The government is to introce a series of measures to push the illegal capital out of the equity market ring the annual session of the National People's Congress, China's top legislature, and the Chinese People's Political Consultative Conference, the country's top advisory body, the China Banking Regulatory Commission revealed Tuesday morning, according to speculations.

Some analysts deemed the dive another round of natural correction as profit-taking pressure increased after the Shanghai index topped the psychologically important level of 3,000.

C. 描述股票上涨下降 英语作文

给你 中文与英文两个版本 英文有没有翻译错的 对照你自己整理下

影响股票价格的因素

影响股票价格变动的因素很多，但基本上可分为以下三类：市场内部因素，基本面因素，政策因素。

（1）市场内部因素它主要是指市场的供给和需求，即资金面和筹码面的相对比例，如一定阶段的股市扩容节奏将成为该因素重要部分。

（2）基本面因素包括宏观经济因素和公司内部因素，宏观经济因素主要是能影响市场中股票价格的因素，包括经济增长，经济景气循环，利率，财政收支，货币供应量，物价，国际收支等，公司内部因素主要指公司的财务状况。

（3）政策因素是指足以影响股票价格变动的国内外重大活动以及政府的政策，措施，法令等重大事件，政府的社会经济发展计划，经济政策的变化，新颁布法令和管理条例等均会影响到股价的变动
Affect stock price factor Affect stock price changes by many factors, but basically can is divided into the following categories: market internal factors, fundamental factors, policy factors. (1) the market internal factors, it mainly refers to the market supply and demand, namely financing area and the relative proportion chips, such as certain stages of the stock market expansion rhythm will become the factors important parts. (2) fundamental factors include macroeconomic factors and internal factors, macroeconomic factors that can influence the market is mainly in stock prices of factors, including economic growth, economic cycle, rates, budgetary revenues and expenditures, money supply, price, international payments and so on, our company internal factors mainly refers to the financial position of the company. (3) policy factor is enough to affect stock price changes of important domestic and international activities and government policies, measures and laws to major events, the government's social and economic development plan, economic policy changes, the newly issued decrees and regulations etc all can affect stock price changes

影响股票价格重要经济因素

股票价格是指在证券市场上买卖股票的价格。实际上股票只是一种凭证，本身并没有价格，它之所以具有价格，能够在市场上进行买卖，是因为它可以给持有者带来股息收入。股票内在的价值的大小取决于未来预期实现盈利、贴现率和未来反复的年限。企业未来盈利越多，其现值越大，股票价格也越高，而贴现越高，股票内在价值就越低，股票价格也越低。所以，在西方股票市场上，人们都密切注视着企业未来盈利的状况。但事实上，股票价格的确定十分复杂，因为人们对一个企业未来盈利状况的看法并不全相同，有估计得比较悲观，股票在他们眼里的价值就低些，就要卖出；有的认为企业有发展的希望，股票在他们眼里价值就高些，就要买进。当买者多于卖者时，股票的价格就上升；当买者少于卖者时，股票的价格就下跌。所以，股票的市场价格与内在价格更多的时候表现为一致，投资者往往寻找那些内在价值大于市场的股票。

这样以来，就使股票的市场价格处于不断变化之中。它不仅要受各种经济因素的影响而且要受政治局势、政府政策、投资者心理、报刊杂志的消息以及谣言等社会因素的影响。下面着重分析一下影响股票价格的主要经济因素。
Affect stock price important economic factor Stock price "means in the stock market of stock price. Actually the stock is a certificate, does not itself, it is the price has price in the market, can be traded, because it gives the holder bring dividend income. Stock inner value depends on the size of the realization of the expected future earnings, the discount rate and future repeated the fixed number of year. Enterprise future earnings, the more its present value, the greater the stock price is higher also, and discount, the higher the stock intrinsic value will be lower, and stock prices also lower. So, in the west, people in the stock market is closely watched enterprise future earnings situation. But in fact, the determination of stock price is quite complex, because people to an enterprise future profitability opinion is not all the same, has an estimated more pessimistic, shares in their eyes the value of some lower, will sell, Some think the enterprise have the hope for the development of stock in their eyes, value as some taller, will buy. When buyers than sellers, stock prices went up, When buyers less than sellers, stock prices will fall. So, the price of stock market and inner price more of the time performance is consistent, investors tend to seek those intrinsic value than market shares. Since such, you will make the price of stock market is constantly changing. It should not only affected by various factors that influence the economic and political situation, by government policy, investor psychological, magazine, newspaper, news and rumors of social factors influence. Below are emphatically analyzed the influence of stock prices main economic factors.

一、股息

投资者之所以购买股票，是因为它能带来不低于存款利息的股息。股份公司发行股票的数量，不是取决于它的实际资本拥有量，而是取决于股息的派发量。股息越高，购者越踊跃，股票的价格也越高。但是，股息的增加又取决于企业收益的增长。如果企业发行股票的数量增加了，而增资后的利润却为同步增长，股息将无法维持原有水平，必然要减少，股票价格也会随之下降。欧美国家的一些企业，为了不断发展业务，使企业收益日益增长，把公司的净利润大部分或全部留下，以扩大资本积累，用于生产和经营，只发放少量股息或不发放股息，并且，国家在税收制度上也积极整套这样伏。由于企业的股票以即使不发或少发股息，这种股票对投资者也仍有很大的吸引力。
A, dividends Investors had to buy shares, because it can bring not less than deposit interest of dividends. The number of shares of the company shares, not depend on its actual capital ownership, but on the dividend amount distributed. The higher the dividend, buy more enthusiastically, the price of a stock is higher also. But, dividend increase depends on enterprise earnings growth. If the number of shares issued by companies increased, and add endowment hind profits but for increased dividends will not be maintained original level, it's necessary to rece, stock price also is met subsequently decline. Some of the enterprise, European and American countries for continuous development business, make the business income increasing, the company's net income all or most left, in order to enlarge capital accumulation, for the proction and operation, only a few dividends or not issue stated dividend, and national taxation system also actively package of such volts. Because enterprise stock to even not hair or less dividend, stock to send the investor is still very attractive.

二、金融资本和税收

股份公司常常向银行借款，随着借款额的增多，银行对企业的控制也就逐渐加强并取得了相当的发言权。在企业收益减少的情况下，虽然他们希望能够稳定股息，但银行为了自身的安全，会支持企业少发或停发股息，因而影响了股票的价格。税收对投资者影响也很大，投资者购买股票是为了增加收益，如果国家对某些营利事业在税收给以优惠，那么就能使这些企业的税后利润相对增加，使它们的股票升值。
Second, financial capital and revenue Joint-stock company often borrow from Banks, with the loan sum increase, bank of enterprise control also graally strengthened and made it quite claims. In the business income decrease case, although they hope to stabilize dividend, but bank for his own safety, will support enterprises or hair hair less dividend, thus affecting the stock prices. Tax on investors are significantly affected, investors buy stocks for increases the income, if the country for some profit-seeking enterprise in tax give preferential, then can make the enterprise's after-tax profits relative increase, make their stock appreciation.

三、经济周期

在经济繁荣时期，企业盈利多，股息高，股票则猛涨；在经济危机时期，企业生产萎缩，股息下降，股价则猛跌；在经济萧条时期，股价渐有转机；在进入复苏时期后，股价又开始上涨。所以，资本主义股票价格的变动，一般是与资本主义经济周期相适应的。
Third, economic cycle In the economic boom, corporate profits, dividends, stock is soaring high, In the economic crisis periods, enterprise proction decline, stock dividend atrophy, is tumbled, In the economic depression, share price graally a swift, Before entering the recovery period, prices began to rise. So, capitalism stock price movements are generally capitalism and adapt to the economic cycle.

四、通货膨胀

社会货币供应量的增减是影响股票价格的原因之一。通常，货币供应量增加，社会一部分闲置资金就会投向证券交易，从而抬高股价；相反，货币供应量减少，社会购买力降低，股价也必然下跌。由货币供应量不断增大而导致的通货膨胀，在一定限度内对生产有刺激作用，因为它能促进企业销售收入和股票投资名义收益的增加，所以在银行利率不随物价同比例上升的条件下，人们为了保值，将不再热心于存款，而转向投资股票，使股票价格再提高。但是，如果通货膨胀上升过猛，甚至了超过两位数，那么将造成人们实际收入下降和市场需求不足，加剧生产过剩，导致经济危机，使股票价格下跌。
Four, inflation Social money supply and decrease of stock price is to influence factor. Normally, the money supply increase, and the society of idle fund will to securities trading and thus increase share, Instead, money supply decrease, social purchasing power is reced, stocks also inevitable decline. By increasing the money supply to inflation, within limits to proce a stimulating effect, because it can promote the enterprise sales revenue and stock investment income increase, so the name in bank interest rates are with the price with ratio rose, under the condition of people to value, will no longer eager to deposit, and turned to invest in stocks and shares to raise price again. But, if inflation rising vastly, even more than two digits, so will cause people to real income decrease and market demand, aggravate overproction, cause economic crisis, make share prices.

五、贴现率与利率

贴现是银行放款的一种形式，贴现率与存款利率有密切的联系。存款率越高，贴现率也越高。由于股票的价格与企业未来预期盈利成正比，与贴现率（利息率）成反比，所以贴现率（或利息率）的提高，会导致股票价格的下降。但西方国家往往在银行利率上升时，股票市场依然活跌，原因是投资者常常在两者之间选择：银行存款风险小，利率高，收入稳定，但不灵活，资金被固定在一段时间内不能挪作他用，并且通俗读物以抵销通货膨胀造成的损失。而股票可以买卖，较为灵活，风险虽大，但碰上好运，可获大利。所以，在银行利率提高的情况下，仍然有一些具有冒险精神的投资者热心于股票交易。
Five, the discount rate and interest rate Discount is a form of bank lending, the discount rate and deposit rates are closely linked. Deposit rate is high, the discount rate is higher also. Because the price of the stock and the enterprise the expected future earnings is proportional to the discount rate (interest) is inversely proportional to the discount rate (or interest rates, so the promotion of, will lead to stock price falls. But in western countries have often bank interest rate rises, the stock market is still alive, reason is that investors often dropped in between choice: bank deposit small risk, higher interest rates, the income is stable, but not agile, the fund was fixed in a period of time inside cannot be used for other purposes, and popular literature to offset the loss caused by inflation. Stock can be bought, more flexible, though large, but the risk can be awarded with good luck, Italy. So, in the case of higher bank interest rate, there are still some adventurous investors keen on stock trading.

六、科技发明

在产业结构调整和转移时期，新产品的开发显得越来越重要，股价也会受到它们的强烈冲击。

新产品从开发完成至股价下跌这段时间，可分成三个阶段：

1、当消息传出以后，成了热门话题，此时股价自然会上扬，尤其一旦有人用投机手段，则更容易暴涨。

2、已经成为人们争相投资的对象，而这种新发明要普及化，需要很长时间，届时还销不出去的话，股价便会下跌。

3、假如新发明能够提高公司的业绩和利润率，股价会上涨，若没有预期效果，则跌幅很大。

因此，股票交易者必然充分注意这种规律，牢牢掌握股价的主动权。
Six, technological invention In the adjustment of instrial structure and the transfer of The Times, new proct development is becoming more and more important, share price is also under their strong impact. New procts from development completed to share fall this period of time, can be divided into three stages: 1 and when the news spread later, became a hot topic, when share prices will naturally rise, especially when someone with speculative method, then more easily boom. 2, has become people rushed to the object, but this kind of investment to popularize new invention, takes a long time, when we pin not go out, share price will decrease. 3, if new invention can improve the company's sales and profitability, price will rise, if do not have expected effect, then drop greatly. Therefore, stock traders must full attention to such laws, grip shares of the initiative.

D. 求一篇有关股票市场的文章或者新闻，最好是英语的，谢谢

您好
您可以看看这些文章都是原创的希望可以帮助您。希望您采纳。下面是我朋友的原创的网络经验一共十六期，您的所有问题都在里面了。
http://jingyan..com/article/066074d67e1651c3c21cb0cd.html
http://jingyan..com/magazine/4329
http://jingyan..com/magazine/5582

E. 有篇关于股市方面的英语文章翻译！（不要是网上和有道那里的翻译，请英语高手帮忙）

令人紧张的牛市，令人沮丧的熊市（不对么？我觉得就这意思啊）
对于股市投资者来说，行情看涨的时候令人恐惧，几乎不可能下跌，让悲观的预言家预测落空。
股市忽涨忽跌的不稳定性，使投资者面临两个伤脑筋的选择：或者继续向股市注入资金，这样就要冒另一次反转的风险，或者抽出资金，这么做的风险是，把未来可能的收益全部扔到了桌子上。（这里应该是个隐喻，意思是放弃了未来可能的收益。）
“我们正在那些中等规模的公司中寻找收益，那些市值在100亿美元或类似的公司。”Yee说，“比如，在固定资产部分，我们看到有很多公司的交易值是他们年收益的12到13倍，总体上相对于股市来说就是25倍。”
就像大股票优于小股票，股票的“增长率”要优于它们的“价值”。而有些方面的股票，也就是说科技股，似乎一直在狂热地上涨。
但像1998年的三季度充分证明了，即使是一个上涨年，也会伴随着波动。所以现在不要把你对投资组合的控制变成自动控制。

F. 关于股票的英语段落 有点难

“在市场恐慌时再入市。”在英镑贬值几周后，我提出了这个看法：在最近季度极端刺激与思维风险像极了一个非常刺激的总统大选循环第三年。（总统就职期间是4年）诚然，现在看起来这个通常来讲都是很限制很保守的“第一年（规律）”似乎变成了一个巨型的“第三年效果”。在权威们没有表现出像今年一样悲观的情况下，市场在循环第三年通常典型地表现出高于平均指数12点的状态。当然概念上这种现象多少归于现有政府的大力支持。4月1日在苏黎世（你将会在4月1日得到你所失去的），在英镑贬值的影响下，我对Finanz und Wirtschaft说：“Der S&P 500 Index kann rasch auf 1100 steigen.”这句话的意思是，标准普尔500指数会迅速升到1100。我甚至记得我说这次移动将在1000至1100之间，但是记者（总是）不喜欢浪费（文章上的）地方。在几周后一封迟来的季度信件里。（季度信件应该指的是季度市场报告，通常由研究公司通过快递等送达订阅者手上，这句话没完，不过我估计就是他的预言成真了呗。）

思维风险：暂时这么翻译吧，moral hazard指的是有人因为个人的利益而作出违背一份契约本来目的的举动。比如说市场上的不正常风险规避举动以求暴利，又或者一位工伤保险投保人故意受伤以换取保金等。我找不到相对应的中文，就只好按照自己的理解翻译。

总统大选循环：指的是资本市场上的一些无法解释的现象之一，指每个总统就职期间市场都会重复同一个高低规律。

G. 求有关证券市场信息披露或内幕交易或监管方面的英语文章一篇,字数1000就可以了,要有文章出处和中文译文

Shame fills a vacuum in China's financial law enforcement

中国金融法律执行力度的空缺由名誉惩罚来弥补

THE vast gaps in the regulations governing China's financial markets are nosecret. The risks are spelled out in mind-numbing detail in every Chinese shareprospectus issued to Western investors. They run the gamut from the possibilityof full-blown Communist expropriation to bad accounting, insider trading,market manipulation and fraud.

中国金融市场监管制度的巨大漏洞早已不是什么秘密。在呈现给西方投资者的中国股票计划书中，所有对风险细节的描述都让人大脑短路。这些风险从标准的共产主义式没收的可能性开始，一直到糟糕的会计，内部交易，市场交易和欺诈行为。

There are enough prosecutions to indicate that mischief-making goes on,but not enough to make enforcement appear credible. Even when there are rules,the line between acceptable and unacceptable conct is often unclear, and someactions are patently unfair. There is, for example, no “full” disclosure law,no match of regulation FD in America.Companies frequently meet investors selectively. The information that emergescan include changes in senior management—and hence strategy—and be ofextraordinary value. In more developed markets, aggrieved shareholders kept inthe dark could fire off private lawsuits; but private litigation in Chinais allowed only after the state has determined malfeasance.

虽然足够多的说明书显示这些问题还在继续，但法律的执行力度却远远不够。即使是有相应的条文，其在可接受和不可接受行为之间的界线也通常不清晰，而且一些法律明显就不公平。比方说，中国没有和美国《反选择性披露法》类似的要求“全部”披露的法律。公司频繁地有选择性地为投资者提供信息。有些信息因为涉及到公司高层的变动——从而影响公司战略——而有很高的价值。在更加发达的市场上，那些被蒙蔽而愤懑的股东们可以发起私人诉讼；但在中国，只有政府认定了错误之后，私人的起诉程序才能启动。

Given these shortcomings, Chinamight well be shunned by investors, but it is not. Its Shanghaiand Shenzhen stockmarkets—though falling sharply this year—were togethermcapitalised at $3.9 trillion at the end of January, more than in any country inthe world except America andJapan.Despite their size, the markets are not efficient, however. Share-pricemovements, according to several studies, do not fit as closely with financialresults as in other large markets. That is not only bad for investors; it alsoundermines the stockmarket's broader economic job of channelling capital towhere it can best be used.

按理说，有这样大的缺陷，投资者应该尽量避开中国，但事实并非如此。上海和深圳的股市，尽管今年大幅下挫，但在1月底之前总共融资了3.9万亿美元，在所有的国家中仅此于美国和日本。然而，它的效率却和它的规模不合拍。一些研究表明，中国的股票价格波动与其他大型市场不同，和其财务状况没有紧密地相关性。这不仅不利于投资者，同样从根本上损害了股市所肩负的经济任务，即把资本引导到能发挥最佳效用的地方。

Name and shame 美名与恶名

Plenty of studies demonstrate the role of a good legal environment tofinancial markets. But Benjamin Liebman and Curtis Milhaupt, two professors at Columbia LawSchool, argue in a forthcoming paper*that, whatever the limitations of the scope and enforcement of China's laws,another form of regulation has quietly emerged. Drawing on China's traditions, the authoritiesnow also discipline wrongdoers using public criticism.

许多研究都证实了良好的法治环境在金融市场中的重要角色。但是Benjamin Liebman和Curtis Milhaupt，两位哥伦比亚法律学校的教授，在即将发表的论文上，将论证无论中国法律的限制范围和执行度如何，另一种管制方式已经悄然兴起。它源于一种中国传统，即权威机关正使用舆论批评来约束过错方。

Financial markets are usually regulated through well enforced securitieslaws, like the ones Americaintroced ring the Depression; or through self-regulation, as in America before the Depression and in London's AlternativeInvestment Market today. For many years academics focused more on laws,believing that exchanges pursued members' interests rather than those ofinvestors. But a landmark study by Paul Mahoney, of the University of Virginia,a decade ago began to shift support towards self-regulation. Privately runmarkets have an interest in safeguarding investors, because that is the bestmeans of increasing listing and trading volumes and thus of generating morefees. When exchanges were run by the state, it was not clear whether theself-interest worked in that way.

通常，金融市场的管制是通过高效执行的证券法来实现，比如美国在大萧条时期所展示的那样；或者通过市场自律来实现，比如美国在大萧条之前和在今日伦敦的可替换投资市场。许多年来，学术上把注意力更多的集中在法律上。但在10年前，来自维吉尼亚大学的Paul Mahoney的一项里程碑式的研究，却把支持力量转向了自律。当交易所由私人经营时，捍卫投资者就是它的一项自身利益，因为这样是最好方法以增加注册公司和交易额，并因此获得产生更多的收费。而当交易所由政府经营的时候，其自身利益是否能产生这样的效果就很难确定了。

When China'stwo stock exchanges were created in 1990, the chief goal was to use private savingsto restructure state-owned firms. Investors received only minority stakes andlimited sway over corporate governance. Equally important, both exchanges wererun by bureaucrats, so there were fewer incentives to increase their value byattracting companies and punters. There was little effective competitionbetween them.

当中国的两家股票交易所在1990年成立时，其主要的目的是利用私人存款以改建国有企业。投资者仅能得到很小的股权且对公司的运营的影响非常有限。同样重要的是，两家交易所均由政府机关运营，因而他们吸引公司和投机者以实现自身增殖的动机小得多。他们之间也几乎没有有效的竞争。

Over the past 18 years, Chinahas introced rules against market manipulation, fraud and insider dealing,but enforcement remains patchy. The China Securities Regulatory Commissionseems competent but overwhelmed. Sometimes it takes years to issue penaltiesafter lengthy investigations—and along the way cases lose relevance.

过去的18年间，中国颁布了许多禁止市场操纵，欺诈和内部交易的法律，但执行度始终都不足。中国证监会表面上是合格的，但实际上基本是摆设。有时候它得花上几年的调查时间才能公布处罚，随着时间的流逝，这些案件都失去了相关性。

In the meantime, the exchanges have quietly begun to acquire authority.The power that they wield appears flimsy—the most serious penalty they can levyis a rebuke to firms and indivials through public notices. But it isremarkably effective in a country with a long history of punishment byhumiliation—think of the cangue, a rectangular slab around the neck, inpre-Communist times and nce caps in the Cultural Revolution.

就在同一时间，证交所已经悄悄地开始获取威权。他们能实现的最严重的处罚是斥责公司和个人并引起公众的注意，看起来是个很脆弱的权力。但对于一个历史上长期将羞辱当作惩罚的国家，它非常的有效——想想共产主义之前的刑枷，把脖子围住的矩形木板和文化大革命时期的愚蠢的“高帽子”。

Messrs Liebman and Milhaupt write that between 2001 and 2006 the exchangespublicly criticised 205 companies and almost 1,700 people. They looked at theshare prices of the targeted firms both when they disclosed the conct forwhich they were being criticised and when the criticism was published. Theadmissions typically preceded the rebukes, and in the few weeks that followedthe firms' share prices underperformed the Shanghai stockmarket by an average of up to6% (see left-hand chart). After the criticism, there was a further lag of up to3% on average (see right-hand chart).

Messrs Liebman和Milhaupt写到，在2001和2006年之间证交所公开批评了205家公司和近1700个人。他们观察目标公司的股票价格变化，包括它们披露其受到批评的行动的时候和针对他们的批评被发布的时候。正常情况下是公司承认在先，随后的几周内这家公司的股票价格平均低于上海市场近6%（见左图）。而随后的公共批评，在一定的延迟下又可以让它继续下跌平均3%（见右图）。

Using evidence from extensive interviews, Messrs Liebman and Milhauptpoint to other damage too. Raising money through equity markets and banksbecame more costly, and sometimes impossible, for companies that had beencriticised. Suppliers and customers also took a tougher line. Some people lost theright to be a director or senior manager, and suffered from pariah status in acountry where there is little pity for failure. The criticisms were sometimeseven a prelude to formal investigations by the regulatory authorities.

更广泛地调查取证后，Messrs Liebman和Milhaupt指出还存在着其他的损失。因为公司被批评，它从银行和股市融资将变得更加困难，有时候甚至无法融资。供应商和消费者也会更加决绝。有些人将失去成为总裁或高管的机会，还会在这个对失败者没有同情心的国家承受千夫所指的痛苦。批评有时候甚至是监管机关正式调查的前奏。

Criticism may count for a couple of reasons, the authors suggest. Amid thevacuum of information in China,any hint of bad news is likely to be seized upon. And, in a state-run economy,it is never good to be unpopular with the authorities.

作者表示，批评有如此威力是出于几个原因。在中国，因为信息空缺，任何一个关于坏消息的暗示都可能引起巨大的关注。而且，在政府经营的经济体里，得罪权威部门在任何情况下都不是好事。

From an academic point of view, more intriguing is that the exchanges havebegun to regulate themselves even though they are not private. This suggeststhat there is room, even in countries with authoritarian governments, for newforms of governance to emerge when laws fail. It is quite conceivable that theexchanges may become better regulators than the official ones.

从一个学术的观点来看，更加有趣的是，尽管证交所并非私人经营，但也开始约束自身。这显示，即使在威权主义政府的国家，当法律无从施力时，同样有空间让新的管理方式兴起。我们完全可以相信，相比起政府机关来，证交所将是更优秀的监管者。

H. 金融类英语文章

您好
Planning a share portfolio
Tere is no shortage of tipsters around offering"get-rich-quick'opportunities.But if you are a serious private investor,leave the Las Vegas mentality to those with money to fritter.The serious investor needs a proper'portfolio'-a well-planned selection of investments,with a definite structure and a clear aim.But exactly how does a newcomer to the stock market go about achieving that?
5 Well,if you go to five reputable stock brokers and ask them what you should do with your money,you're likely to get five different answers-even if you give all the relevant infoumation about your age,family,finances and what you want from your investments.Moral?There is no one "right‘way to structure a portfolio.However,thereare undoubtedly some wrong ways,and you can be sure that none of our five advisers would have suggested sinking all(or perhaps any)of your money into Periwigs*.
10 so what should you do?We'll assume that you have sorted out the basics-like mortgages,pensions,insurance and access to sufficient cash reserves.You should then establish your own indivial aims.These are partly a matter of personal circumstances,partly a matter of psychology.
For instance,if you are older you have less time to recover from any major losses,and you may well wish to boost your pension income.So preserving your capital and generating extra income are your main 15priorities.In this ease,you'd probably construct a portfolio with some shares (but not high risk ones),along with gilts,cash deposits,and perhaps convertibles or the income shares of split capital investment trusts.
If you are younger,and in a solid financial position,you may decide to take an a ggressive approach-but only if you're blessed with a sanguine disposition and won't suffer sleepless nights over share prices.If you recognize yourself in this description,you might include a couple ofheady growth stocks in your 20 portfolio,alongside your more pedestrian investments.Once you have decided on your investment aims,you can'then decide where to put your money.The golden rule here is spread your risk-if you put all of *‘Periwigs’is the mame of a fictitious company.

I. 一段关于股票的英语短文，帮忙翻译一下。

华尔街股票这周表现温和，呈现出自1987年萧条以来最大的增长，进入了另一个转变的阶段，并以红字收盘。股票市场点位从上涨4％急转至下跌2.9％。s&p 500指数下降0.6个百分点，达到940.56点。纳斯达克指数下降0.4个百分点达到1，711.29点，道琼斯指数下降1.4个百分点达到8，852.22点。

要说明的是：
s&p 500指数、纳斯达克指数、道琼斯指数是不同口径下的股票价价指数，股价指数是反映不同时点上股价变动情况的相对指标，通常是将报告期的股票价格与选定的基期价格相比，并将两者的比值乘以基期的指数值。

J. 英语高手请进，谁能把这篇文章翻译一下，感激不尽

钟声. 点燃讯息出现. 男女工作电脑. 他们的电话交谈. 有时他们呐喊奔跑. 这是一个嘈杂的地方证券交易所. 此间专家称贩售买卖股票经纪公司. 股票被称为股票. 拥有一家公司的股票,该公司本身的一部分. 人们付出经纪买卖股票. 如果公司赚钱,其股票价格上升. 如果公司不赚钱,股值下跌. 仔细观看经纪人和投资者的大木板,任何变化. 就是名字给名单上出售股票在纽约证券交易所. 首次以书面用字,意思是在一家报纸在伊利诺伊1837年. 它说:"在车上售1700美元黄金美" 投资者和经纪人观看大木板看看股市是牛市还是负 市场. 在熊市,价格走低. 一个牛市,价格上涨. 投资者在熊市许诺在未来出售股票时一套价. 但投资者并不拥有的股票. 等待他或她买当物价涨幅. 意思是考虑市场承受了来自老故事,说一个人出卖 皮肤一紧,然后趁他承受. 16数以百计的英文字典说:"卖是卖什么人承受不" 专家争议字开始在股市多头字. 但有人说是来自动物,长了两个方面--公牛和熊--体育 这是多年前在英国流行. 投资者一直关注一家公司未能可能性. 在现代世界,没有一家公司赚取利润是不够说垮了. 公司云像鱼死腹中起来. 上交鱼背时死亡. 故胃或腹部上升. 股市投资者不想那件事发生了. 他们希望自己拥有一家公司的股票,赚取更多的利润超过预期. 这将大幅增加的股票价值. 投资者都在期盼着收获. 来自英格兰的意料之外字百年. 因此,穷人被禁止乱砍森林拥有丰富的土地业主. 但是,如果风吹下一棵树,穷者可采取活燃料. 所以暴利是这样美妙出人意料.