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
16
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] 【C8】
选项
答案
G
解析
根据空格前的are nervous and可知,该空缺少一个和nervous并列的形容词。由空格后的theydefinitely hesitate to buy stocks可推知,当投资者心情紧张且悲观失望的时候,他们买股票时就会犹豫不决。G)pessimistic“悲观的”符合句意,故为答案。
转载请注明原文地址:https://tihaiku.com/zcyy/2954807.html
相关试题推荐
Themost【B1】______problemcreatedbytherapidincreaseinpopulationisa【B
Themost【B1】______problemcreatedbytherapidincreaseinpopulationisa【B
Themost【B1】______problemcreatedbytherapidincreaseinpopulationisa【B
Themost【B1】______problemcreatedbytherapidincreaseinpopulationisa【B
Themost【B1】______problemcreatedbytherapidincreaseinpopulationisa【B
[originaltext]Therecentincreaseincarstealinghasalarmedthepolicewh
[originaltext]Therecentincreaseincarstealinghasalarmedthepolicewh
[originaltext]Therecentincreaseincarstealinghasalarmedthepolicewh
[originaltext]Therecentincreaseincarstealinghasalarmedthepolicewh
UseoftheillegaldrugnamedEcstasy(MDMA)hasincreasedalarminglyinBrita
随机试题
Questions14-16Choosethecorrectletter,A,BorC.LongfieldPark[br]Aspar
网络出版服务单位违反行政法规和管理规定的,出版主管部门可以采取的行政措施有(
A.门脉性肝硬化 B.胆汁性肝硬化 C.坏死后性肝硬化 D.血吸虫性肝硬化
各类管线的垂直排序,由浅入深宜为下列哪项?()A.电力电缆、热力管、给水管,
关于单位工程装饰装修工程施工组织设计的内容一般应包括()。A.工程概况 B.
2008年9月19日,证券交易印花税只对()按()征收。A.受让方;1‰
下列关于有限合伙企业执行合伙事务的说法,正确的是()。?A:有限合伙企业有普通
护士小李,大学本科毕业,现已工作8年,有较丰富的临床经验,护士长经常授权给她,让
在各种市场方法调查中,网络联系方法的特点有( )。A.成本低 B.反馈快
缺铁性贫血的原因可能有A.慢性失血,如钩虫病、痔疮、溃疡病、月经量过多等 B.
最新回复
(
0
)