紐約股市坐上“過山車”

　　1月26日VOA聽力：紐約股市坐上“過山車”

　　What's driving the recent market volatility? Analysts say it's a combination of factors: theslowdown in China and the steep plunge in oil prices. We spoke with Dan Veru chiefinvestment officer at Palisade Capital on Skype.

　　Crude oil going lower has really sparked global fears of not just a recession in China but really aglobal slowdown.

　　But the simpler explanation may be pessimism.

　　CEOs today are feeling a lot less optimistic than they did just a year ago.

　　PriceWaterhouseCooper CEO Dennis Nally says the accounting firm’s latest survey of businessexecutives from over 80 countries shows about one in four believe the global economy is onthe right track, compared with almost half just two years ago. Had they conducted the surveythis year, the sentiment might have been worse.

　　If we would have done the survey in the first two weeks of January, given the environmentthat exists today, it would even be worse, so it's not a pretty picture to say the least.

　　And it’s a picture tarnished by the economic slowdown in China according to New York StockExchange governor Peter Costa.

　　You have to be very concerned whenever Chinese growth is lagging because that definitely hasan effect on U.S. corporations and multi-nationals. There’s a lot of companies that do businesswith China and if their businesses cut back somewhat because of the slowdown in China, itdefinitely affects U.S. earnings.

　　Still, many believe the U.S. economy is resilient enough to weather the storm.

　　We do see the risk of a recession as rather low, we put it at about 10 to 15 percent, which ispretty slim.

　　Dan Veru advises investors to look at the start of 2016 as part of a larger picture.

　　I believe ultimately we’ll look back on this period of time, whether it's today or two weeks fromnow, that you could have made a lot of money if you put your money to work into financialassets.

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