首页
登录
职称英语
The increase in the margin rate (保证金率) from 50% to 70% was not an attempt to
The increase in the margin rate (保证金率) from 50% to 70% was not an attempt to
游客
2023-08-05
45
管理
问题
The increase in the margin rate (保证金率) from 50% to 70% was not an attempt to stem any rampant (猛烈地) speculation on the part of the public—actually the market seemed technically quite strong, with public participation essentially dignified—but rather an attempt by the Federal Reserve Board to preserve the sound underpinnings that existed in the market. Naturally, such a move had a【C1】________chilling effect upon prices but if the FRB had been preoccupied with undue speculation, the increase might have been to the 80% or even 90% level. Such increases in the margin rate is a【C2】________of a strong stock market and since 1989, such increases have resulted in interim market highs over twelve months later. Obviously, there could be no【C3】________that this would once again be the case, but if history is any guideline—and if business and corporate earnings were to continue on the same course—continued optimism over the outlook for the stock market would seem more【C4】________than pessimism.
The margin increase【C5】________the good rise that stocks had enjoyed for the previous year—and the fact that a 50% rate was maintained as long as it was pointed up the fact that the rise was mainly conservative in that it was concentrated in the blue chips for the most part. In past Investment Letters we have【C6】________the thought that speciality stocks could outperform the general market from this point. We continue to believe that this could be the case. For example, steel stocks tend to sell at a certain fixed price/earnings ratio. Below a certain ratio they are considered good value—above a certain ratio, 【C7】________. If a company produces a unique product, it is far more difficult for market analysis to place a numerical ratio upon the company’s earnings. We have also contended in the past Letters that the stock market reflects mass psychology as well as the business outlook. When investors—both the public and the institutions—are nervous and【C8】________they definitely hesitate to buy stocks; they seek low price/earnings multiples and high【C9】________. These same investors—when they are in an optimistic frame of mind—become far less【C10】________with yields and more willing to pay a premium (high p/e multiples) for accelerated growth. If the public’s attitude towards the auto industry is any measure, then this period seems to have been one of optimism.
A) confirmation F) overpriced K) speculate
B) guarantee G) pessimistic L) underscored
C) intelligible H) preoccupied M) vicinity
D) invariably I) prudent N) voiced
E) momentarily J) representation O) yields [br] 【C2】
选项
答案
A
解析
名词辨析题。由空格前的a和空格后的of可推断,此处缺少名词。结合下文的such increases have resulted in interim market highs over twelvemonths later可知,保证金率的提高表明股票市场很强劲。备选名词中的confirmation“确认;证实”符合句意,故A)为答案。
转载请注明原文地址:http://tihaiku.com/zcyy/2899185.html
相关试题推荐
[originaltext]AnincreaseinsuicideratesamongUSteensoccurredatthes
黄海是中国三大边缘海(marginalsea)之一,其面积约38万平方公里。黄海生物种类多,水产资源(aquaticresources)丰富,周边形
A、Thenumberofprotectedsiteswouldincreaseto54.B、Theprotectedvegetation
A、Thecostofgrowingtobaccoincreased.B、Manypeoplebegantogiveupsmoking.
A、Theyreducethedependenceonbackuppower.B、Theyincreasethenecessityfor
A、Itincreasesourdependenceontechnology.B、Itreducesourdependenceontech
Theincreaseinthemarginrate(保证金率)from50%to70%wasnotanattemptto
Theincreaseinthemarginrate(保证金率)from50%to70%wasnotanattemptto
Theincreaseinthemarginrate(保证金率)from50%to70%wasnotanattemptto
Theincreaseinthemarginrate(保证金率)from50%to70%wasnotanattemptto
随机试题
Readtheadvertisementbelowabouthealthinsurance.Aresentences16-22"Right"
Theconcernthroughouttheworldin1968forthosethreewhalesthatwerelock
我刚过了十二岁生日,就步人了令人头痛的考试区域,而且随后七年,竟注定一直在这区域里跋涉。这些考试真让我伤透了脑筋。主管考试的人最喜欢考的科目,几乎无一例
TheseatoftheU.S.governmentinWashingtonD.C.isknownasthe______.A、Capit
______(对于过惯了都市生活的人来说),thechangetocountrysidemustbehard.Forthoseaccusto
镜下呈竹节状排列的细菌是A.炭疽芽胞杆菌 B.白喉棒状杆菌 C.结核分枝杆菌
女性,30岁,因高热39℃,伴呼吸困难就诊,X线胸片示:右胸腔中等量积液,胸穿抽
证券公司参与区域性市场,应守法合规,遵守区域性市场相关管理规定和业务制度,遵循(
对韦氏成人智力量表(WAIS-RC)分量衰的平衡性分析,正确的说法包括()。A.
共用题干 女,40岁。上前牙牙冠变色10年。年轻时左上前牙有洞曾在医院治过。检
最新回复
(
0
)