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Stock Market Rally

feelings 2008. 9. 28. 22:26

Stock Market Rally
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Good evening.  The stock market: did you ever notice how all the experts can explain what happened after the day’s trading but not before?  The market took a nose-dive yesterday; today, unexpected, an almost equal rise in the market.  In fact, the market had its biggest one-day rally since October 2002: the Dow up over 400 points.  


The market had been steady through the day, then news hit Wall Street that the government is considering the creation of a special agency to deal with the bad debt run up by banks. And with that, the market shot up at the end of the day.  Betsy Stark is here again tonight.  Betsy.  Charlie, down 400 one day, up 400 the next.  It almost goes without saying that investor confidence is on a razor’s edge.  


But there is new optimism tonight that the government is closing in on a wholesale solution to this crisis. Wall Street woke up this morning to another gift from the Federal Reserve: news that central banks all over the world were working together to inject 180 billion dollars of fresh capital into the global financial system.  


Investors welcome the bold move designed by the Fed to break open a crippling log jam that has developed in the nation’s credit markets as nervous lenders have hoarded their cash rather than risk it on new loans.  The multi-trillion dollar credit market, a pool of money available to banks and businesses for short periods of time at typically low interest rates, is vital to the smooth functioning of the economy.  


Retailers count on the credit markets to stock their shelves for the holiday season.  Carmakers use them to buy the steel and rubber they need to produce cars.  Cities use them to buy gas for their school busses, and right now these loans are not available at affordable rates.  But today’s rally really took off when talk began to circulate on the trading floor that the government is seriously considering the creation of an agency that would buy up all the shaky loans now weighing down the financial system - an idea that might be similar to a solution used during the savings and loan crisis of the 1980’s.


A consensus is emerging that the government can no longer manage this crisis on a case-by-case basis; a strategic solution must be adopted.  That is something that would require Congressional approval and indeed Treasury Secretary Hank Paulsen will be meeting with Congressional leaders tonight. Charlie.

 


※ edge : 가장자리
* on edge : nervous and unable to relax because you are worried
ex. Is something wrong? You seem a bit on edge this morning.
* on a razor edge : in a very uncertain and dangerous situation
ex. Allegations of fraud have put the minister's career on a razor edge.
* on the edge of something : nearly in a particular state or condition
ex. He is on the edge of Hollywood success.
* on the edge of your seat/chair : very excited and interested in something because you want to know what happens next
* take the edge off something : ( 날을 ) 무디게 하다 / to make a strong feeling less strong
ex. Aspirin will usually take the edge off the pain.
ex. His apology took the edge off her anger.

※ take off
1. (옷.모자.신발 따위를) 벗다 ex. I'd better take my shoes off. (opp. put on)
2. 이륙하다 ex. The plane will take off soon. 곧 이륙할 것이다 .(opp. land)
3. (갑자기) 성공하다, 인기를 끌다 (to become successful or popular very fast) ex. Her business has really taken off. 순식간에 성공했다.
4. 일 따위를 쉬다 ex. I'm taking Monday off to go to the game. ex. We haven't taken any time off since last summer.
5. 갑자기 떠나다 (to leave a place suddenly) ex. As soon as she saw George arrive, she just took off.
6. 데려가다 ex. The police stopped her and took her off to a police station. (= take away)
* takeoff : 이륙 (착륙 landing) / * liftoff : (로켓 등의) 수직 이륙, 발사
how : (접속사 that 처럼 써서) ~ 라고 하는 것
ex. He told me how it was wrong to steal. 그는 도둑질하는 것이 나쁜 짓 이라고 내게 말했다. (how 는 that 과 비교해서, 도둑질을 하면 이 러 이러하니까 나쁘다는 식으로 말하는 것임) (how 를 that 대신으로 사용 하는 것은, 특히 이야기투의 말에서 때때로 복잡한 사정 등을 말하는 경 우임)
nose-dive : 급강하, (가격의) 폭락, 급강하하다, 폭락하다
ex. take a nose-dive 급하강하다, 폭락하다
rally : <흩어진 군대·집단 등을> 다시 불러 모으다, 규합하다 vi. 집결하다, 원기를 회복하다, <시장경기가> 회복되다, < 증권 등이> 시세를 회복하다, 반등하다, 결집, 규합, 대집회, 시위 운동, (기력 경기 등의) 회복, 반등
ex. rally one's supporters 후원자를 모으다 / ex. About three thousand people held a rally to mark international human rights day.
steady : 꾸준한, 안정된, 흔들리지 않는, 한결같은
deal with : ~ 다루다, ~ 을 처리하다, ~ 을 감당하다 / If you deal with an unpleasant emotion or an emotionally difficult situation, you recognize it, and remain calm and in control of yourself in spite of it.
ex. She's dealing with her father's death very well.
ex. Chapter 5 deals with this issue.
bad debt :
불량 대출, 부실 대출, 부실 채권
run up : <지출 빚 등이> 늘다 / if you run up a bill or debt, you owe someone a lot of money
ex. My son ran up a huge phone bill.
it goes without saying that ~ : ~ 은 말할 나위도 없다
close in (on~) : (~에) 점점 다가오다, (~을) 포위하다.
ex. Hitler himself committed suicide as Soviet forces were closing in on Berlin.
wholesale : 대량 판매의[로], 도매의[로], 전면적인, 전면적으로, 대대적인, 대대적으로, 대규모의, 대규모로
* buy wholesale and sell retail 도매가로 사고 소매가로 팔다
* wholesaler 도매상 / retailer 소매상
wake (up) to ~ : ~에 눈을 뜨다, ~을 깨닫다, 각성하다 (to start to realize something)
ex. You must wake up to this danger. 너는 이 위험을 깨달아야 한다.
* awake : adj. 자지 않고, 자각하고, vt. ~을 깨우다, 자각시키다, vi. 깨어나 다, 자각하다, 깨닫다(to)
ex. Her death awoke him to a sense of sin. 그녀가 죽자 그는 죄의식을 깨달았다.
ex. He awoke to find himself famous. 그는 자고 나니 자기가 유명해진 것 을 알았다.
ex. Young people need to awake to the risks involved in casual sex.
inject : 주사[주입]하다
ex. inject medicine into a vein = inject a vein with medicine 정맥에 약을 주사하다
be designed to ~ : ~ 하도록 고안되다
ex. Motorcycle masks are designed to screen out pollutants. 오토바이 마스크는 오염물질을 걸러내도록 만들어 졌다.
cripple : 불구자 (an offensive word)(일반적으로 the disable 이 나 the handicapped 가 더 완곡적 표현), 절름발이, 병신으로 만들다, 절름 거리게 하다, 무능 [무력] 하게하다
* crippling : 심한 손상[부상]을 입히는 (causing someone to be physically disabled, especially unable to walk; causing a lot of pain or other health problems)
log jam : (강물에 떠내려간) 통나무가 한 곳에서 몰림, 정체, 교 착상태(deadlock)
credit market : 신용시장
hoard : 저장, 축적, ~ 을 저장하다, 축적하다
pool : 웅덩이, 저수지, 액체가 고인 곳, 공동 출자, 공동 기금 / group of people or things available collected together for shared use by several people or organizations
ex. As unemployment rises, the pool of cheap labour increases.
count on : 의지하다, 기대하다 (rely) (to depend on someone to do what you want or expect them to do for you )
ex. The whole team was counting on me, and I let them down.
* count on someone for something: You can always count on him for good advice.
* count on someone to do something: I knew I could count on you to be on time.
* count on someone doing something: I was counting on Jane driving me home.
stock : (물품을) 들여놓다, 재고품으로 쌓아두다, <상품 등을 > 비축하다, 저장하다, 재고품, 저장품, 저장, 비축
ex. Some families stocked their cellars with food and water.
affordable : (가격 등이) 알맞은, 감당할 수 있는 (cheap enough for ordinary people to afford)
ex. affordable housing/childcare
circulate : <피 공기 등이> 순환하다, <신문 책 등이> 유포되다, 배부되다, <통화 등이> 유통하다, 순환시키다, 유포[유통 회 람]시키다
trading floor : 거래장
shaky : 흔들리는, 흔들거리는, 위태위태하는
weigh down : 내리누르다, 압박하다, 걱정하게 하다
savings and loan : 저축대부
consensus : (의견 등의) 일치, 합의, 대다수의 의견, 여론
emerge : (물·어둠 속 따위에서) 나오다, 나타나다, (해 따위가) 떠오르다 [from, out of]
ex. The full moon will soon emerge from behind the clouds. 보름달이 구 름 뒤편에서 곧 나타날 것이다.
ex. A touchy question emerged. 골치 아픈 문제가 생겼다.