极度波动

面对极度波动的市况，外汇基金在2004年上半年录得正数的投资回报。

Exchange fund half-year results during a very volatile first half of2004 the exchange fund achieved a positive investment return .

随着供需开始平衡，极度波动的走势预示着中期市场顶部将至。

Intermediate-term market tops are many times preceded by very jagged action as supply and demand start to even out .

新兴市场（尤其是亚洲）要做出集体承诺：除非市场处于极度波动，否则政府不会干预汇率，这种承诺可以实现平稳调整。

A collective commitment , especially in Asia , not to intervene in currencies except during extreme volatility would smooth adjustment .

然而极度波动仍然是中国股市的典型特征，基准股指在数小时内的振幅常常高达10%。

Yet extreme volatility is still typical , with benchmark indices often swinging as much as 10 per cent in hours .

在任何成熟的发达经济体，这一组合将预示着资产价格崩溃，即便往好了说也得出现一段时间的极度波动。

In any fully developed economy this combination would augur an asset price bust or , at best , a spell of extreme volatility .

亚洲区缺乏一个发展完善的债券市场，正是市况极度波动，最终引发亚洲金融危机的其中一个主要原因。

The absence of a developed bond market in the region was one of the main factors behind the extreme volatility that precipitated the Asian financial crisis .

这给新兴经济体带来的后果，可能是资本过剩、随之而来的对本币汇率高估的忧虑、廉价进口的泛滥，以及大批资金一旦最终撤离所导致的极度波动。

The result for the developing world is a possible capital surfeit and attendant fears of overvalued exchange rates , floods of cheap imports and extreme volatility should the wall of money eventually retreat .

近期市场的极度波动，激发了政界人士和投资者对行为金融学的兴趣。该理论认为，市场行为并不是理性的，而是会受到恐惧等人类情绪的推动。

Extremities of recent market swings have sparked interest among politicians and investors in the field of behavioural finance , which asserts that markets do not behave rationally but can be driven by human emotions such as fear .

我的情绪总在非常高兴与极度悲哀之间波动。

I fluctuate between feeling really happy and utterly miserable .

与此同时，分析师预计随着谣言传播，市场会出现极度剧烈的波动。

In the meantime , analysts expect extreme volatility as the rumours swirl .