Dow Hits an All Time High
The stampede on
Wall Street reached a new milestone today. The Dow is now up a staggering 130% since hitting rock-bottom in March 2009. In
real terms, if you invested $10,000 during the worst of the great
recession, today, you'd have more than doubled your money to almost $23,000.
The winning streak on Wall Street is
now over four years long. That means this bull
market run is about six months longer than normal. But it's still five
years shorter than the best run ever. So, the question now is, where do stocks
go from here? Well, I spoke to traders here at the New York Stock
Exchange and they say they're using history as their guide. This is the strongest
start to a year since 1991. And back in 1991,
stocks rose an additional 10%.
Key Vocabulary& Expressions
* stampede 우르르 몰림, 경쟁, 쇄도
ex> Falling interest rates had led to a stampede
to buy property.
* milestone 이정표, 기록, 중요한 시점
* Dow 다우(지수), 다우 존스
* staggering 엄청난, 막대한 = very surprising
ex> The results have been quite staggering.
* rock-bottom 맨 밑바닥, 최저선 ex> Their marriage had reached rock
bottom.
* winning streak 연승
* bull market 강세 시장 <->
bear market 약세 시장
Political Firestorm Erupts in IRS 'Tea Party' Scandal
The IRS may be in need of an
audit, say critics, after
revelations it specifically went
after conservative Tea Party groups. [...] New
allegations from the IRS Inspector General's report due out this week
reportedly claim that senior IRS officials knew about the targeting, as early as 2011. So why did
the agency's commissioner, appointed by George W. Bush, say this to congress
last year... "There's absolutely no targeting." The IRS is
apologizing, saying none of the groups scrutinized had its tax-exempt status revoked, but acknowledged some withdrew their applications.
Key
Vocabulary & Expressions
* IRS(Internal Revenue Service) = 미국 국세청
* audit [|ɔ:dɪt] = 회계감사
* to go after someone/something = ~를 쫓다, 추격하다
e.g. the brave citizen went after the thieves
* Tea Party = 미국의 보수주의 유권자 단체
* targeting (noun) = 표적화
e.g. hit the target
* to scrutinize = 면밀히 조사하다, 세심하게 살피다
e.g. customers were warned to scrutinize the
small print
* tax-exempt: 비과세의 ex> tax-exempt savings 비과세
저축
* to revoke [rɪ|voʊk] = 철회하다, 취소하다
e.g. the men appealed and the sentence was revoked
* to withdraw = 철수하다, 물러나다, 최소하다
e.g. the party threatened to withdraw its support for
the government
