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Well, that was a crazy day. The Dow went from down about 150 points to up about 70, apparently sparked by a news report, citing anonymous sources, that Italy is in talks to get China to buy a bunch of Italian sovereign debt.
唉,这可真是疯狂的一天。道指从下跌大约150点转为上涨70点左右,显然是受一则新闻报道的刺激。新闻援引匿名消息来源说,意大利正与中国展开会谈,力劝中国购买大量意大利国债。
Never mind that Reuters reported that Italy's Economy Minister, Giulio Tremonti, said Asian investors weren't interested in Italian debt as long as the ECB isn't buying it.
路透社(Reuters)的报道就不用放在心上了。路透的报道称,意大利经济部长特蕾蒙蒂(Giulio Tremonti)说,只要欧洲央行没有购买意大利国债,亚洲投资者就不会有兴趣。
Never mind that the initial story was a little self-serving for Mr. Anonymous Official: There's an Italian sale of 2018 and 2020 bonds coming tomorrow, conveniently. Hey, don't worry about buying these bonds, the first story seemed to say, China will be coming along to take them off your hands any minute now.
不用介意最初那则报道对于“匿名官员”来说显得有点儿自私:意大利周二就将拍卖2018和2020年到期的债券。那则报道似乎是在说,喂,不用为购买那些债券烦心了,中国随时都会接手的。
And never mind that sovereign-debt purchases, whether by the ECB, China, Warren Buffett or the Green Bay Packers, will not solve the underlying debt problems that are the root of Europe's worries.
至于购买国债(无论买方是欧洲央行、中国、巴菲特(Warren Buffett)还是Green Bay Packers橄榄球队)并不能解决引发欧洲困境的根本性债务问题,也不用放在心上了。
This thinnest of hopes was all it took to make the stock market forget for a moment about those euro-zone woes, which seemed so existential just 12 hours ago.
这种极其微薄的希望就足以令股市暂时忘却在短短12个小时前还显得那么坚不可摧的欧元区种种困境。
There's a lot of technical stuff at work here, too, with the S&P fighting to stay above the 1150 level and the Dow fighting to stay above 11000. Mission accomplished on both fronts today.
这里还有诸多技术性因素在起作用,标普指数极力想保持在1150点的水平上,道指也极力保住11000点大关。这两条战线周一都完成了各自的任务。
Tech and financials led the rally, with the S&P 500's tech and financial sectors up 1.3% and 1.2%, respectively. So that's good.
科技股和金融股在反弹中领涨,标普500指数科技和金融版块分别上涨1.3%和1.2%。这样很好。
Less good is that the VIX finished a little higher, at 39, and the Dow transports didn't come along for the ride -- I've got a million more jokes like that -- and finished the day lower.
不太好的是市场波动指数VIX收盘略为走高,达到39。道指交通类股没能搭上反弹的顺风车,当天收盘下跌──像这样的笑话我已经看过太多了。
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