[...]111: Mr Coates thinks the exuberance that turns a market rally into a bubble may be fuelled by the same chemical. 2: Some of this is based on traders he knew who became ever more convinced of their own invincibility during the dotcom era. 3: But he also offers harder evidence. 4: In one experiment Mr Coates sampled testosterone levels in traders in London and found that higher levels of the hormone in the morning correlated with beefier profits in the afternoon. 5: Such profits came from taking higher risks, not greater skill.

[...]111:科茨先生认为这是推动股市升温成泡沫现象的“化学能量”。部分结论来自他所认识的交易员。2:处在互联网世代的这些交易员更加坚信自己是无敌的。3:此外，他也提供了比较确凿的证据。4:在一次实验中，科茨先生对伦敦交易员做了睾酮量的抽样调查。他发现早晨中偏高的激素量与午后的高利润有着相互关联。5:这种利润来自更高的风险承担，而不是更好的技巧。

属类：时事政治-经济学人双语版-生物学和金融界的不稳定性

1: Some wonder whether the stock is headed into bubble territory. 2: Apple’s p/e is much lower than that of stocks in the dot-com bubble; America Online’s was a ridiculous 154 in 1999. 3: But contrarian thinking is thin on the ground. 4: There is very little short interest in Apple. 5: “Call” options, which give the right to buy Apple stock, are much more expensive than “puts”, which give the right to sell the stock, says Mark Sebastian of Option Pit, a consultancy. 6: Of the 54 analysts who track Apple stock, only one has a sell rating, according to Bloomberg. [...]117: Robert Shiller, a Yale economist and author of “Irrational Exuberance ”, reckons that the “emotional attachment” to the Apple story and “wild” enthusiasm about its stock are reminiscent of a bubble. 8: “You could play the bubble, because it might not be over yet, but I wouldn’t put money in Apple stock,” he says.

1:一些人怀疑疑虑，苹果的股价是否存在泡沫了。2:然而相较于互联网泡沫时代股票的市盈率，苹果的市盈率非常的低了；美国互联网公司在1999年市盈率竟然高达154。3:但是逆向投资者少有人在。4:几乎没有投资者抛售苹果股票。5: Option Pit（咨询公司）的Mark Sebastian说，苹果股票的看涨期权远贵于看跌期权。 6:根据Bloomberg，追踪苹果的54位分析家中只有一位建议卖出。[...]117: 耶鲁大学经济学家兼非理性繁荣的作者Robert Shiller说到，投资者们对苹果传奇的情感依附和狂热让人想起泡沫时代。 8:他说：“你可以利用苹果股价泡沫来赚钱，因为其还不会破灭，但是我是不会购买苹果股票的。”

属类：时事政治-经济学人双语版-苹果股价合理吗?

It was more the conduit for irrational financial exuberance than its cause.

与其说它是经济危机的根源不如说是它助了金融业的非理性繁荣一臂之力。

属类：时事政治-经济学人双语版-证券化 重新启动

The Love Parade added a jolt of Dionysian exuberance .

“爱的游行”更增添了一种狄奥尼西奥斯的狂喜。

属类：英汉句库-www.ecocn.org-

And "Irrational Exuberance ’s" Robert Shiller warns of a third meltdown coming.

《非理性繁荣》的作者罗伯特·席勒警告第三次大萧条即将到来。

属类：英汉句库-article.yeeyan.org-

China’s media also greeted news of Barack Obama’s victory with exuberance , the Washington Times reported.

《华盛顿时报》报道，中国媒体也对巴拉克-奥巴马当选表示祝贺。

属类：英汉句库-www.ebigear.com-

I feared "irrational exuberance " in 1996, but the dotcom bubble proceeded to inflate for another four years.

1996年，我曾担心“非理性繁荣”，但网络经济泡沫又持续膨胀了4年。

属类：英汉句库-www.ftchinese.com-

Share prices slipped briefly after Alan Greenspan spoke of the dangers of "irrational exuberance " at the end of 1996.

1996年年底，艾伦-格林斯潘谈到了“非理性繁荣”，股价短暂下滑。

属类：英汉句库-www.ftchinese.com-

Mr Greenspan recognised it when he spoke about "irrational exuberance " in 1996.

1996年在发表有关“非理性繁荣”的讲话时，格林斯潘就承认互联网泡沫的存在。

属类：英汉句库-www.ftchinese.com-

Robert Shiller, of Case-Shiller index and irrational exuberance fame, reckons a further 25% decline is not out of the question.

Case-Shiller房价指数和因非理性繁荣成名的RobertShiller【1】则认为，再下降25%亦非毫无可能。

属类：英汉句库-www.ecocn.org-

Apart from the size and exuberance of the crowds, the September events offered anecdotal evidence that things were going our way.

除了到场人群的规模和他们的热情，9月发生的事件提供了轶事趣闻般的证据，表明事情正照有利于我们的方向发展。

属类：英汉句库-article.yeeyan.org-

The real message is less about electoral reform than about intellectual vitality and exuberance .

传递出来的真实信息其实和选举改革没有多大关系，更多的是人才的活跃和繁荣。

属类：英汉句库-www.ecocn.org-

But Fitzpatrick cautioned that "irrational exuberance , " coupled with soaring gas prices, could choke off demand and stifle recovery.

但Fitzpatrick警告说，“非理性的活力”，加上油价飞涨，可能会抑制需求，扼杀复苏。

属类：英汉句库-article.yeeyan.org-

But the exuberance aroused by Mr Obama’s triumph will be a force to be reckoned with.

但是，奥巴马获胜所激起的亢奋不可忽视。

属类：英汉句库-www.ftchinese.com-

Still, some analysts see excessive exuberance not in stock and property markets, but among the economists predicting bubbles.

但是仍然有一些分析人士认为，过度的投资热情并存在于股市和楼市，而是在经济学家所预言的泡沫里面。

属类：英汉句库-article.yeeyan.org-

But my perspective was of the exuberance , not the limits, of life.

但是我认为，生命力更是它不局限于所在的环境而表现出的丰富多彩。

属类：英汉句库-article.yeeyan.org-

mism can easily become irrational exuberance : asset prices in some emerging markets have risen too high.

但是也有危险。乐观主义可以轻易地变成非理性的繁荣：一些新兴市场上的资本价格已经上涨得过高。

属类：英汉句库-article.yeeyan.org-

But I was annoyed by her bad temper, and I wanted be somewhere else, at the pool, away with my classmates, swept up in the exuberance .

但我厌烦了她那坏脾气，我想逃避开，到泳池那里去，和我的同学们在一起，沉浸在欢乐的气氛中。

属类：英汉句库-article.yeeyan.org-

When Jake emerges in avatar form, he can not only walk but also run and leap, and his exuberance is infectious.

当杰克的阿凡达分身出现，他不仅能走路，而且跑步和飞跃，而且它充沛的精神面貌也得到了传承。

属类：英汉句库-article.yeeyan.org-

Irrational exuberance in financial markets, leading to one credit boom and bust after another.

导致了一个又一个信贷繁荣和萧条的金融市场非理性繁荣。

属类：英汉句库-www.ecocn.org-

Signs of exuberance are everywhere.

到处都是一番欣欣向荣的景象。

属类：英汉句库-article.yeeyan.org-

The first came before he made his 1996 speech referring to "irrational exuberance " .

第一件事发生在他1996年发表提到“非理性繁荣”的演讲之前。

属类：英汉句库-www.ftchinese.com-

Norman’s advice helped persuade Strong to lower interest rates in 1927, which only increased irrational exuberance on Wall Street.

而诺曼的意见则帮助劝服斯特朗在1927年降低了利率，其唯一结果，就是助长了华尔街上的非理性繁荣（irrationalexuberance）。

属类：英汉句库-www.ecocn.org-

And the liquidity argument appears to have worked only during periods of exuberance .

而有关流动性的说法似乎也只在经济繁荣期间成立。

属类：英汉句库-www.ftchinese.com-

Irrational exuberance played a part, but perhaps more important were the political forces distorting the markets.

非理性的兴奋感起到了一定作用，但更重要的因素或许要算扭曲了市场的政治力量。

属类：英汉句库-www.ftchinese.com-

Irrational exuberance rarely gives way to rational scepticism quickly.

非理性的追高不会很快给理性怀疑让道

属类：英汉句库-www.ecocn.org-

Irrational exuberance rarely gives way to rational skepticism quickly.

非理性繁荣很少能快速的让步于理性怀疑。

属类：英汉句库-www.ecocn.org-

irrational exuberance : the overselling of emerging markets.

非理性亢奋：对新兴市场的过分吹嘘。

属类：英汉句库-www.ecocn.org-

The quelling of guerrilla movements in Colombia and Peru has helped spur their new economic exuberance .

哥伦比亚和秘鲁的游击队受到镇压，帮助这两个国家激发了新的经济繁荣。

属类：英汉句库-www.ftchinese.com-

The exuberance that characterised the market throughout the second half of 2010, founded on fears of a double-dip recession, has dissipated.

贯穿2010年下半年、建立在担心双底衰退基础上的火爆行情已经消退。

属类：英汉句库-www.ftchinese.com-