A PROMISE OF spring is renewal and rebirth. In climates that experience a long, cold winter, the warmer temperatures and budding flowers represent signs of hope. The saying "April showers bring May flowers" is another phrase that describes the promise of spring.
春天象征着新生。经历了漫长而又寒冷的冬季后,回升的气温和含苞待放的花朵儿都代表着希望。老话说"四月的雨带来五月的花",不过是春之希望的另一种说法。
These sentiments also apply to investing. It may be constructive to view "winter" as a market downturn (although in human emotions, this is accompanied by fear and panic, which is usually not elicited by a normal winter). Spring could be the gradual (and as history shows, inevitable) rebound to a bull market.
这种情绪也适用于投资。将"冬季"视作投资市场低潮可能是建设性想法(尽管通常还伴随着担忧和恐慌,正常情况下,冬季并不会引发这两种情绪)。春天,股市将慢慢回归至牛市(历史表明,这是不可避免的)。
The S&P 500 index is in striking distance of its all-time high of 2,940, which it reached in late September just before it rolled over into a three-month correction. That fourth-quarter downtrend erased the index's gains for the entire year of 2018.
自去年9月创下最高点2940点以来,标准普尔500指数持续下跌,并在10至12月份进行了股市调整。第四季度的急跌走势,将2018年的全年涨幅尽数抹去。
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