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
50
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
下列关于干粉灭火系统的设计说法中不正确的是()。A.组合分配系统保护的防护
某单位工程质量评为合格时,其()。A.各分部工程所属的分项工程质量全部合格
设计概算编制依据不包括()。A.初步设计 B.施工现场测定资料、试验资料
正当竞争的基本标准是( )。 Ⅰ.公平竞争是正当竞争的前提 Ⅱ.合法竞争是
《企业债券管理条例》规定,企业发行企业债券的总面额不得大于该企业的()。A
下列哪种蛋白不是由肝细胞合成的A.白蛋白B.纤维蛋白原C.凝血酶原D.前白蛋白E
急性呼吸窘迫综合征改善肺泡通气的主要治疗方法是A.高浓度吸氧 B.纠正酸中毒
回顾我国电信业务改革的历史,竞争机制首先是在()领域引入的。A:补充电信业务
在工程网络计划中,( )是指在不影响总工期的前提下,本工作可以利用的机动时间。A
因为有顶盖,能有效地防止风、砂、雨雪或灰尘的侵入,保证储液的质量。由于罐内液面无
最新回复
(
0
)