4. What role do the market makers play. B) They buy and sell NASDAQ stocks to help strengthen the market 5. Which of the following is the best title for the passage? A)The operation of NASDAQ Task 2: Stockbroker as liquidator In the midst of the shaky market of last week, many brokers got calls from their clients requesting they sell their shares. One broker told such a story One of my clients called me on Thursday. He was anxious and out of breath, and spoke with great urgency He said to me, Jone, sell it all. Sell everything, fast, right away I tried to explain to him that the market was cyclical, and that in the long term stocks would return He said, " John, let me tell you a secret. You know I,ve been married for sixty years now, and Ive been your client for five "Yes, go on. I said encouragingly Well, my wife Lucie has a sort of phobia about the market When we got married, I promised her that I would follow in her parents' footsteps and never venture into the stock market and al ways leave all our money under the mattress. Her great grandparents once lost everything in a great crash, and ever since then her family found investing in the market similar to crime Wow, Howard, I didnt know that I guess you want the money because the market is going down No, John, I want the money because she ordered a new mattress, and it is being delivered in two Task 3 A Stock market crash a stock market crash is a dramatic loss of shares of corporations. Crashes often follow speculative ock market bubbles such as the dot-com boom After the most famous crash in 1929, known as the black Thursday when the Dow Jones Industrial Average dropped 50%, there came the Great Depression. The following years saw the Dow drop a total of over 85% There was also a crash on Monday, October 19, 1987, known in financial circles as the black Monday, when the Dow lost 22%of its value in a single day, bringing to an end a five-year bull run. The pattern was repeated across the world The stock market downturn of 2002 was part of a larger bear market that took the NASDAQ 75%from its highs and broader indices down 30% Stock market crashes are driven by panic as much as by economics factors. They often follow4. What role do the market makers play? B) They buy and sell NASDAQ stocks to help strengthen the market. 5. Which of the following is the best title for the passage? A) The operation of NASDAQ. Task 2: Stockbroker as Liquidator In the midst of the shaky market of last week, many brokers got calls from their clients requesting they sell their shares. One broker told such a story: One of my clients called me on Thursday. He was anxious and out of breath, and spoke with great urgency. He said to me, “Jone, sell it all. Sell everything, fast, right away.” I tried to explain to him that the market was cyclical, and that in the long term stocks would return to normal. He said, “John, let me tell you a secret. You know I’ve been married for sixty years now, and I’ve been your client for five.” “Yes, go on.” I said encouragingly. “Well, my wife Lucie has a sort of phobia about the market. When we got married, I promised her that I would follow in her parents’ footsteps and never venture into the stock market and always leave all our money under the mattress. Her great grandparents once lost everything in a great crash, and ever since then her family found investing in the market similar to crime.” “Wow, Howard, I didn’t know that. I guess you want the money because the market is going down.” “No, John, I want the money because she ordered a new mattress, and it is being delivered in two days.” Task 3: A Stock Market Crash A stock market crash is a dramatic loss of shares of corporations. Crashes often follow speculative stock market bubbles such as the dot-com boom. After the most famous crash in 1929, known as the Black Thursday when the Dow Jones Industrial Average dropped 50%, there came the Great Depression. The following years saw the Dow drop a total of over 85%. There was also a crash on Monday, October 19, 1987, known in financial circles as the Black Monday, when the Dow lost 22%of its value in a single day, bringing to an end a five-year bull run. The pattern was repeated across the world. The stock market downturn of 2002 was part of a larger bear market that took the NASDAQ 75%from its highs and broader indices down 30%. Stock market crashes are driven by panic as much as by economics factors. They often follow