新視野大學英語視聽說教程第三冊 Unit 10 MODEL 1 The stock market is driven by fear and greed.

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Nora: Hey Chris. Why the big grin? You look like the cat that swallowed the canary.

Chris: Even better. An uncle I hardly knew passes away and left an inheritance of $100,000. So now I’m thinking of making some investments.

Nora: Good idea, thouh it would be more fun if we spent it together. What sort of investment do you have in mind?

Chris: The stock market is looking attractive. It’s been a bear market for several years now, and I think stock prices are pretty depressed.

Nora: The decling market has investors depressed,too.

Chris: But all things work in cycles. A bear market will eventually be followed by a bull market.

Nora: That’s sure. I’ve been reading that investors are coming back to the market, and that will drive up the value of stocks.

Chris: I believe the market is picking up.

Nora: But there’s still a risk. Wars, weather problems—all these impact incestors’ confidence.

Chris: I know what you mean. The stock market is driven by fear snd greed. When investors are cinfident od making of a fortune, they buy—that’s greed at work.

Nora: But along comes something to shake their confidence…

Chris: Like a rise in interest rates, for example, and bingo, they become afraid that they might lose their shares, so they pull out of the market.