单词 | stock market crash |
释义 | stock market crash A sudden and drastic general fall in security prices on a stock exchange. For example, on ‘Black Monday’, 19 October 1987, the Dow Jones index in New York fell 23 per cent in a single day, and major falls occurred in London and other stock exchanges worldwide. A stock market crash is always possible, since the present price of shares is heavily dependent on opinions about future changes. A crash is most likely when a prolonged bull market has pushed shares to high price-earnings ratio. |
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英汉经管词典收录了3426条经济管理类英汉双解词条,基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法,是学习及工作的有利工具。