When Smale reported back to the board in March, he didn't bring good news, as I recounted in Sixty to Zero, published this spring in soft-cover by Yale University Press.
当斯梅尔3月向董事会汇报时，他没带来什么好消息。 在今年春季耶鲁大学出版社（Yale University Press）出版的平装新作《60到0》（Sixty to Zero）中，我回顾了这一场景。
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Many individual investors were tiptoeing back into stocks in the spring. Now, they're running for cover again.