Choppier waters may lie ahead .

云谲波诡的水域也许还在前方。

But 2007 seems more likely to be a year of choppier conditions than one of severe disruption .

然而，2007年似乎更可能是波动较大的一年，而不会出现严重的破坏。

But if markets get choppier , state funds will need to get more agile ; otherwise , they risk being prey for financial velociraptors .

但如果市场出现更大波动，州级养老基金将必须变得更加灵活；否则，它们就有可能成为金融“猛禽”们的猎物。