VOA慢速英语 2007 0107a

I'm Phil Murray with Words and Their Stories, a program in Special English on the Voice of America. Today we tell about some American expressions that are commonly used in business.

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Bells sound. Lighted messages appear. Men and women work at computers. They talk on the telephone. At times they shout and run around.

This noisy place is a stock¹ exchange. Here expert salespeople² called brokers³ buy and sell shares of companies. The shares are known⁴ as stocks⁵. People who own stock in a company, own part of that company.

People pay brokers to buy and sell stocks for them. If a company earns money, its stock increases in value. If the company does not earn money, the stock decreases in value.

Brokers and investors⁷ carefully watch for any changes on the Big Board. That is the name given to a list of stocks sold on the New York Stock Exchange.

The first written use of the word with that meaning was in a newspaper in Illinois in eighteen thirty-seven. It said: The sales on the board were one thousand seven hundred dollars in American gold.

Investors and brokers watch the Big Board to see if the stock market is a bull⁸ market or a bear market. In a bear market, prices go down. In a bull market, prices go up.

Investors in a bear market promise to sell a stock in the future at a set price. But the investor⁶ does not own the stock yet. He or she waits to buy it when the price drops.

The meaning of a bear market is thought to come from an old story about a man who sold the skin of a bear before he caught the bear. An English dictionary of the sixteen hundreds said, To sell a bear is to sell what one has not.

Word experts dispute⁹ the beginnings of the word bull in the stock market. But some say it came from the long connection of the two animals -- bulls¹⁰ and bears -- in sports that were popular years ago in England.

Investors are always concerned about the possibility of a company failing. In the modern world, a company that does not earn enough profit is said to go belly¹¹ up. A company that goes belly up dies like a fish. Fish turn over on their backs when they die. So they are stomach, or belly, up.

Stock market investors do not want that to happen to a company. They want a company whose stock they own to earn more profit than expected. This would sharply¹² increase the value of the stock. Investors are hoping for a windfall.

The word windfall comes from England of centuries ago. There, poor people were banned from cutting trees in forests owned by rich land owners. But, if the wind blew down a tree, a poor person could take the wood for fuel. So a windfall is something wonderful that happens unexpectedly¹³.

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This Special English program, Words and Their Stories, was written by Jeri Watson. This is Phil Murray.

1 stock   

n.存货，储备；树干；血统；股份；家畜；adj.存货的；平凡的，惯用的；股票的；畜牧的；vt.进货，采购；储存；供给；vi.出新芽；进货

参考例句：

• The shop takes stock every week on Friday mornings.这家商店每星期五早晨盘点存货。
• Experts have forecast an upturn in the stock market.专家已预测股票市场价格有上升趋势。

2 salespeople   

n.售货员，店员；售货员( salesperson的名词复数 )

参考例句：

• The shop usually employs additional salespeople for the Christmas toy trade. 这家商店通常雇一些临时售货员来做圣诞节玩具生意。 来自《现代汉英综合大词典》
• Under our new system, salespeople sit down with each of our dealers. 根据新的制度，销售人员应逐个地同承销商洽商。 来自辞典例句

3 brokers   

n.（股票、外币等）经纪人( broker的名词复数 )；中间人；代理商；（订合同的）中人v.做掮客（或中人等）( broker的第三人称单数 )；作为权力经纪人进行谈判；以中间人等身份安排…

参考例句：

• The firm in question was Alsbery & Co., whiskey brokers. 那家公司叫阿尔斯伯里公司，经销威士忌。 来自英汉文学 - 嘉莉妹妹
• From time to time a telephone would ring in the brokers' offices. 那两排经纪人房间里不时响着叮令的电话。 来自子夜部分

4 known   

adj.大家知道的；知名的，已知的

参考例句：

• He is a known artist.他是一个知名的艺术家。
• He is known both as a painter and as a statesman.他是知名的画家及政治家。

5 stocks   

n.（树木等的）干( stock的名词复数 )；公债；家系；家族

参考例句：

• The manager wants to clear off the old stocks in the warehouse. 经理想把仓库里积压的存货处理掉。 来自《简明英汉词典》
• They want to unload the stocks on the market. 他们想把股票在市场上抛售掉。 来自《简明英汉词典》

6 investor   

n.投资者，投资人

参考例句：

• My nephew is a cautious investor.我侄子是个小心谨慎的投资者。
• The investor believes that his investment will pay off handsomely soon.这个投资者相信他的投资不久会有相当大的收益。

7 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

8 bull   

n.公牛，买进证券投机图利者，看涨的人

参考例句：

• It's only a hair off a bull's back to them.这对他们来说，不过九牛一毛。
• Many dogs closed around the bull.很多狗渐渐地把那只牛围了起来。

9 dispute   

n.争端，分歧；v.争论，争吵，辩论，辩驳

参考例句：

• They are trying to find a way of settling the dispute.他们正设法寻找解决争端的办法。
• The parties to the dispute should be more polite to each other.争执双方应相互礼貌些。

10 bulls   

n.公牛( bull的名词复数 )；法令；力大如牛的人；（象、鲸等动物的）雄兽

参考例句：

• Riding bulls is always an exciting event at a rodeo. 骑公牛总是放牧人竞技会上激动人心的表演。 来自《简明英汉词典》
• Two white bulls were sacrificed and a feast was held. 献祭了两头白牛，并举行了盛宴。 来自辞典例句

11 belly   

n.肚子，腹部；(像肚子一样)鼓起的部分，膛

参考例句：

• The boss has a large belly.老板大腹便便。
• His eyes are bigger than his belly.他眼馋肚饱。

12 sharply   

adj.锐利地，急速；adv.严厉地，鲜明地

参考例句：

• The plane dived sharply and rose again.飞机猛然俯冲而后又拉了起来。
• Demand for personal computers has risen sharply.对个人电脑的需求急剧增长。

13 unexpectedly   

adv.未料到地，意外地；竟；居然；骤然

参考例句：

• The volcano unexpectedly blew up early in the morning. 火山一早突然爆发了。
• I had just put the dinner on when Jim walked in unexpectedly. 我刚把晚饭摆上桌，吉姆突然走进来。