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
8
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] 【C10】
选项
答案
H
解析
由空格前的become far less可知,该空缺少形容词作表语。与上一句话中的When investors…arenervous and pessimistic they definitely hesitate to buystocks:they seek low price/earnings multiples and highyields相对的是本句话中These same investors--when theyare in an optimistic frame of mind--become far less…,“这些投资者就太关注收益,更愿意支付溢价,追求高增长率”。become preoccupied with意为“关注……,关心……”,故H)为答案。
转载请注明原文地址:https://tihaiku.com/zcyy/2954809.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
UseoftheillegaldrugnamedEcstasy(MDMA)hasincreasedalarminglyinBrita
UseoftheillegaldrugnamedEcstasy(MDMA)hasincreasedalarminglyinBrita
UseoftheillegaldrugnamedEcstasy(MDMA)hasincreasedalarminglyinBrita
UseoftheillegaldrugnamedEcstasy(MDMA)hasincreasedalarminglyinBrita
随机试题
Everysocialexperiencewehaveaffectsusinatleastsomesmallways.Fami
A.几何可变体系 B.瞬变体系 C.无多余联系的几何不变体系 D.有多余联
下列关于地方政府债券的说法,错误的有( )。 Ⅰ.地方政府债券是地方政府根据
以下属于测绘项目外业设备的有( )。A.水准仪 B.GPS测量系统 C.航
在运用SERVQUAL方法进行旅行社服务质量的评估时,SERVQUAL分数等于(
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
(2022上半年真题)动机强度与学习效果成正比
某机械加工企业需在生产车间内设置中间仓库储存硝酸。下列设置要求中,符合规范规定的
中医学“治未病”的指导思想最早见于 A.《内经》 B.《难经》 C.《中藏
下列关于工程量计量总原则的表述,错误的有()。A.所有工程项目,除个别注明者外
最新回复
(
0
)