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
55
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] 【C4】
选项
答案
I
解析
形容词辨析题。根据空格前的seem more可知,该空缺少形容词。由but后的两个从句if history is any guideline—and if business and corporate earnings were to continue on the same course“如果参照历史——如果商业和公司的利润仍然保持现有增长水平”可推知,对股市的前景继续持乐观态度似乎更审慎。备选形容词中的prudent“审慎的”符合句意,故I)为答案。
转载请注明原文地址:http://tihaiku.com/zcyy/2899187.html
相关试题推荐
《水浒传》(WaterMargin)是中国文学四大经典小说之一。这部小说基于历史人物宋江及其伙伴反抗封建帝王的故事,数百年来一直深受中国读者的喜爱。
[originaltext]AnincreaseinsuicideratesamongUSteensoccurredatthes
[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
[originaltext]Nowlet’stakealookatsomewaysinwhichwecanincreaset
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
Theincreaseinthemarginrate(保证金率)from50%to70%wasnotanattemptto
随机试题
ChooseTWOlettersA-E.Writeyouranswersinboxes6-7onyouranswers
HowtoGetOveraBreakup1.【T1】______yourdecision【T1】_
[originaltext]W:U.S.ConsulateinMarseilles,canIhelpyou?M:Yes,please.
A-----jobobjectiveJ-----nationalityB-----interestsandhobbie
简述镇静催眠药急性中毒昏迷患者病情监测的要点。
浓缩蜜丸所含水分不得超过A.15.0% B.20.0% C.9.0% D.
建筑工程一切险中建筑工程的保险金额为()。A:建筑工程总造价 B:承包工程合
牵引式滑坡一般都有主滑段、牵引段和抗滑段,相应地有主滑段滑动面,牵引段滑动面和抗
(2007年4月)作为权利主体,学生所享有的合法权利主要有人身权和()。
甲省乙药品生产企业在丙省丁报纸上发布药品广告,该广告与批准的内容不符,声称“服用
最新回复
(
0
)