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
2023-08-24
31
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)prudent
B)guarantee J)representation
C)intelligible K)speculate
D)invariably L)underscored
E)momentarily M)vicinity
F)overpriced N)voiced
G)pessimistic O)yields
H)preoccupied [br] 【C5】
选项
答案
L
解析
根据句子结构可推断此处缺少动词作谓语。由上文的Such increases in the margin rate is aconfirmation of a strong stock market可推知,本句句意为:保证金的增长印证了上一年股市强劲。L)underscored“印证”符合句意,故为答案。
转载请注明原文地址:https://tihaiku.com/zcyy/2954804.html
相关试题推荐
[originaltext]Therecentincreaseincarstealinghasalarmedthepolicewh
[originaltext]Therecentincreaseincarstealinghasalarmedthepolicewh
[originaltext]Therecentincreaseincarstealinghasalarmedthepolicewh
[originaltext]Therecentincreaseincarstealinghasalarmedthepolicewh
UseoftheillegaldrugnamedEcstasy(MDMA)hasincreasedalarminglyinBrita
UseoftheillegaldrugnamedEcstasy(MDMA)hasincreasedalarminglyinBrita
UseoftheillegaldrugnamedEcstasy(MDMA)hasincreasedalarminglyinBrita
UseoftheillegaldrugnamedEcstasy(MDMA)hasincreasedalarminglyinBrita
UseoftheillegaldrugnamedEcstasy(MDMA)hasincreasedalarminglyinBrita
UseoftheillegaldrugnamedEcstasy(MDMA)hasincreasedalarminglyinBrita
随机试题
ThebiggestproblemfacingChileasitpromotesitselfasatouristdestinati
TheImportanceofGoodSleepMillionsofadults,especiallyyoungpeople
Everyprofessionortrade,everyart,andeverysciencehasitstechnicalvo
WithfifteenyearsBritainandothernationsshouldbewellonwiththebuil
CONSTRICT:DIAMETER::A、lathe:smoothnessB、rarefy:densityC、contract:tempe
正常足月妊娠脐带的平均长度是()A.cm B.20cm C.50cm D.
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
根据佩里的论述,邻里单位的组成原则包括()。A.规模 B.组合关系 C
关于全国人大常委会,下列说法中正确的是:()A.全国人大常委会对全国人大负
在调查前复习CPITN时,王教授纠正了研究生乙的错误是( )。A.牙周分为6个
最新回复
(
0
)