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 s
The increase in the margin rate(保证金率)from 50% to 70% was not an attempt to s
游客
2023-08-20
28
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(猛烈的)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 I)speculate
B)prudent J)preoccupied
C)voiced K)representation
D)invariably L)momentarily
E)overpriced M)pessimistic
F)vicinity N)underscored
G)yields O)intelligible
H)guarantee [br] 【C9】
选项
答案
G
解析
结合句意:他们寻求低价格/利润倍数和高额______。根据常识,炒股票要追求高额收益率,故G)yields“收益(率)”为答案。
转载请注明原文地址:https://tihaiku.com/zcyy/2943185.html
相关试题推荐
[originaltext]Abloodtestthatcanpredictwhethersomeonemayattemptsui
[originaltext]Abloodtestthatcanpredictwhethersomeonemayattemptsui
Theincreaseinthemarginrate(保证金率)from50%to70%wasnotanattempttos
Theincreaseinthemarginrate(保证金率)from50%to70%wasnotanattempttos
Theincreaseinthemarginrate(保证金率)from50%to70%wasnotanattempttos
Theincreaseinthemarginrate(保证金率)from50%to70%wasnotanattempttos
Theincreaseinthemarginrate(保证金率)from50%to70%wasnotanattempttos
Theincreaseinthemarginrate(保证金率)from50%to70%wasnotanattempttos
Theincreaseinthemarginrate(保证金率)from50%to70%wasnotanattempttos
Asthepaceoflifecontinuestoincrease,wearefastlosingtheartofrel
随机试题
Theviolencesurgedbecause______.[br][originaltext]Inoneofthedeadlie
某套利者在黄金期货市场上以962美元/盎司的价格买入一份11月份的黄金期货,同时以951美元/盎司的价格卖出7月份的黄金期货合约。持有一段时间之后,该套利者以9
Don’t______thisnewstothepublicuntilwegiveyouthego-ahead.A、releaseB、
PASSAGETHREE[br]WhywasPinterawardedtheNobelprizeforLiterature?Because
Theyhaveproduced______.A、10morepianosthismonththanlastmonthB、10pianos
一老年男性无痛性肉跟血尿1个月,经抗炎止血治疗症状消失。查体无异常。IVP:双肾
长期运动训练对肺通气功能会产生良好影响通常表现为()。A.运动时呼吸机耗氧量
各种运输方式内外部的各个方面的构成和联系,就是( )。 A.运输系统
基坑开挖以后,在基坑底部,单位体积土体沿渗流方向所受的渗透力为γwJ(J为水力坡
下列关于期初余额的描述中,正确的有()。A:所有科目都必须输入期初余额B:红字
最新回复
(
0
)