Even as stock-market indices moved well beyond reasonable bounds, regulators failed to predict the boom’s speed and scale. Not surprisingly, they lacked any plan for stabilizing the market in its wake.
当市场开始大涨时，群情激昂。哪怕股市指数已经远超合理区间，监管者仍没能预见到繁荣的速度和规模。毫不奇怪，一开始它们没有任何稳定市场的计划。