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
59
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] 【C10】
选项
答案
H
解析
形容词辨析题。由空格前的become far less可知,该空缺少形容词作表语。由上一句句意可推断出,空格所在句句意为:同样的投资者,当他们心情乐观的时候就不太关注收益,更愿意为高增长率支付溢价(高价格/利润倍数)。preoccupied with意为“关注……,关心……”,故H)为答案。
转载请注明原文地址:https://tihaiku.com/zcyy/2899193.html
相关试题推荐
[originaltext]AnincreaseinsuicideratesamongUSteensoccurredatthes
[originaltext]AnincreaseinsuicideratesamongUSteensoccurredatthes
[originaltext]Nowlet’stakealookatsomewaysinwhichwecanincreaset
A、hasbeendecreasedlatelyB、hasbeenincreasedlatelyC、hasbeenunderestimate
A、Publichealthcarespendingmayincrease.B、Privatehealthcarespendingmayi
A、Thenumberofprotectedsiteswouldincreaseto54.B、Theprotectedvegetation
A、Theyreducethedependenceonbackuppower.B、Theyincreasethenecessityfor
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
[originaltext]W:Lookatthiswatch.Itlooksgreat,doesn’tit?Andit’sonly
【C1】[br]【C19】A、despiteB、viaC、exceptD、withoutA介词辨析题。本句的意思是:格莱格斯认为这是"我们持久的挑战
对于要求自控的变水量空调水系统,在风机盘管的供水管上应设置的阀门有( )。A.
患儿,10个月。入院时诊断为腺病毒肺炎痰热闭肺证。今突然虚烦不安,额汗不温,口唇
作业时,起重机臂架、吊具、辅具、钢丝绳及吊物等与架空输电线及其他带电体(10kV
《变电运维管理规定第24分册站用直流电源系统运维细则》:站用直流系统查找和处理直
期转现的买卖双方在确定期货平仓价格的同时,也确定了相应的现货买卖价格。( )
某石化生产企业为增值税一般纳税人,该企业原油生产成本为1400元/吨,最近时期
“君主们在任何时候都不得不服从经济条件,并且从来不能向经济条件发号施令。”马克思
下列行为中,应视同销售货物征收增值税的是()。A.将外购货物用于个人消费 B
最新回复
(
0
)