And valuations are not yet at fire-sale levels; the cyclically adjusted price-earnings ratio of the American market is 14.5, compared with previous bear-market lows in single digits.
对其的估价也还未到甩卖的地步。与之前个位数的熊市相比，现在美国市场周期性调整的市盈率是14.5。
Bernanke suggested that an auction mechanism would also keep the price near a fundamental value instead of a lower 'fire-sale' price.
贝南克说，拍卖机制还会将价格保持在接近基本价值的水平，而不是更低的大甩卖价格。
Clearly, much depends on the price Lehman can get for its troubled assets in a fire sale.
显而易见，问题很大程度上决取于雷曼兄弟能从甩卖问题资产中获得多少资金。
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