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
35
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] 【C6】
选项
答案
N
解析
根据句子结构可推断此处缺少动词作谓语。结合句意:在过去的投资函中,我们一直 了这样的思想。N)voiced“表达”可以与空格后的thought搭配,故为答案。
转载请注明原文地址:https://tihaiku.com/zcyy/2954805.html
相关试题推荐
UseoftheillegaldrugnamedEcstasy(MDMA)hasincreasedalarminglyinBrita
UseoftheillegaldrugnamedEcstasy(MDMA)hasincreasedalarminglyinBrita
UseoftheillegaldrugnamedEcstasy(MDMA)hasincreasedalarminglyinBrita
UseoftheillegaldrugnamedEcstasy(MDMA)hasincreasedalarminglyinBrita
UseoftheillegaldrugnamedEcstasy(MDMA)hasincreasedalarminglyinBrita
[originaltext]Theincreaseininternationalbusinessandinforeigninvestm
SmallincreasesintemperaturefoundtoaddpowertostormsintheAtlantic.
SmallincreasesintemperaturefoundtoaddpowertostormsintheAtlantic.
SmallincreasesintemperaturefoundtoaddpowertostormsintheAtlantic.
Theincreaseinthemarginrate(保证金率)from50%to70%wasnotanattempttos
随机试题
Inbringingupchildren,everyparentwatcheseagerlythechild’sacquisition
PASSAGEONE[br]Accordingtotheauthor,whatheldtheAnasazi’sheart?Theirfa
A.solidB.madeupofC.equalD.fillsE.des
水泥净浆标准稠度用水量采用代用法时,如果固定用水量洼的结果和调整用水量法的结果有
在债的发生依据中,既未受人之托,也不负有法律规定的义务,而自觉为他人管理事务或提
既能利水通淋,又能通经下乳的药物是A.穿山甲 B.海金沙 C.车前子 D.
以下关于培训师的说法错误的是(?)。A.授课技巧的高低是影响培训效果的关键因素
一住店客人未付房钱即想离开旅馆去车站。旅馆服务员揪住他不让走,并打报警电话。客人
爆破工作要取得良好的效果,必须的措施包括()。A.采用合理的掏槽方式 B.选
男,25岁,腰背痛,并向臀部放射。检查见腰背僵硬,神经系统无异常,X线片显示脊柱
最新回复
(
0
)