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
12
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
[audioFiles]audio_eufm_j25_001(20082)[/audioFiles]A、1016.B、1060.C、508.D、5
It’snogood______tohimaboutthedetailsoftheplan.A、totalkB、talkingC、t
Forthispartyyouareallowed30minutestowriteashortessayentitledLo
Weallsufferfromstress.Therearemanypointswhentheremaybe【B1】_____
以下属于工程项目中合同支付项目的有( )。A.计日工 B.开工预付款 C.
A.1级B.3级C.5级D.4级E.2级中药保护期限为30年的品种,其保护的级别
可使双缩脲试剂发生阳性反应的最小的肽是A.二肽B.三肽C.四肽D.五肽E.六肽
根据《行政处罚法》的规定,公民、法人或者其他组织因违法受到行政处罚,其违法行为对
作为教材的主体,师生教学的主要材料是指_
施工现场临时用电工程专用的电源中性点直接接地的220V/380V三相四线制低
最新回复
(
0
)