来源：BBC英语教学
原标题：Bull and bear market 牛市和熊市
牛市和熊市
Neil 对股市着了迷，并且给杨莉解释了何谓牛市，何谓熊市。杨莉仍然不解，Neil 则描述了牛和熊这两大动物搏斗的姿势，杨莉顿时恍然大悟。
文字稿
(关于台词的备注 :这不是广播节目的逐字稿件。本文稿可能没有体现录制、编辑过程中对节目做出的改变。)
Li
Hello, this is Authentic Real English, with me Li… and… Neil! … Neil? Neil?
Neil
Yeah. Sorry, Li. Hi everyone! Yeah.
Li
What's taking all your attention? You can't stop looking at your smartphone!
Neil
Yeah. It's the stock exchange. I'm waiting to see if my shares have gone up. I want to be rich!
Li
Oh, yeah. But you have to remember that the stock market can be very volatile. It means the value of shares can go down as well as up. How do you know if the market is good for investors? 股市浮动太大，很难把握呀。你怎么知道什么时候好，什么时候对投资者利呢？
Neil
Well, experts say it's a bull market when the price of shares on the stock market is rising. And they say it's a bear market when the price of shares on the stock.market is falling.
Li
这么说股市看涨时就被称为牛市 a bull market；而股市行情看跌时则被称为熊市 a bear market.Interesting. I wonder why.
Neil
Well, it's easy to understand. Think about the way these animals attack. The bull thrusts its horns up into the air...
Li
Oh, yes, that's frightening...
Neil
It is, yes. And the bear, on the other hand, swipes its paws down, so the shares go down. Do you get it?
Li
Yes, now I do. 原来这两个词来自动物搏斗的姿势。很有道理。Let's hear some examples of how these expressions are used.
Examples
Stocks rose in early trading. It was a bull market which stunned even the most pessimistic analysts. The financial crisis might be over.
The index of the UK's biggest 100 companies, the FTSE 100, has fallen 15% in the last few months. However, we can only call it a bear market when the index drops 20% or more.
Neil
So you see, a bear market for when values are falling, and a bull market for when they're rising.
Li
Neil, you are not a big investor and you are not exactly an expert in high finances, are you?
Neil
Well... no, not really.
Li
Stop dreaming. If you like animals so much, let's spend the afternoon at the zoo.
Neil
Well, that is a good idea! But could we stop by my stock broker's office on the way?
Li
You are really hooked on this, aren't you? Let's go. Bye!
Neil
Bye!
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