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
The increase in the margin rate (保证金率) from 50% to 70% was not an attempt to
游客
2024-03-07
47
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 F) overpriced K) speculate
B) guarantee G) pessimistic L) underscored
C) intelligible H) preoccupied M) vicinity
D) invariably I) prudent N) voiced
E) momentarily J) representation O) yields [br] 【C5】
选项
答案
L
解析
动词辨析题。空格前为主语the margin increase,其后为名词词组the good rise,可推断此处缺少动词作谓语。由上文的such increases in the margin rate is a confirmation of a strong stock market可推知,本句句意为:保证金率的提高充分说明了上一年股市的强劲上升。备选动词中的underscored“强调”符合句意,故L为答案。
转载请注明原文地址:https://tihaiku.com/zcyy/3512274.html
相关试题推荐
[originaltext]AnincreaseinsuicideratesamongUSteensoccurredatthes
[originaltext]AnincreaseinsuicideratesamongUSteensoccurredatthes
A、Publichealthcarespendingmayincrease.B、Privatehealthcarespendingmayi
A、Thenumberofprotectedsiteswouldincreaseto54.B、Theprotectedvegetation
A、Theyreducethedependenceonbackuppower.B、Theyincreasethenecessityfor
Theincreaseinthemarginrate(保证金率)from50%to70%wasnotanattemptto
Theincreaseinthemarginrate(保证金率)from50%to70%wasnotanattemptto
Theincreaseinthemarginrate(保证金率)from50%to70%wasnotanattemptto
Theincreaseinthemarginrate(保证金率)from50%to70%wasnotanattemptto
Theincreaseinthemarginrate(保证金率)from50%to70%wasnotanattemptto
随机试题
DinaBorzekowsldmadeastudyofagroupofthird-gradestudentsfromsixAm
Howmanyartistsareontherecording?[br][originaltext]Morethan60Cou
[originaltext]W:Imadeabigmistaketoday.Ireadastudent’sarticletothe
直接工程费是指施工过程中耗费的构成工程实体的各项费用,包括()。I.人工费;
关于开发和利用化学课程资源,下列说法不正确的是( )。A.学校应向高中学生开放
关于测绘地理信息档案管理的说法中正确的有( )。A.测绘地理信息业务档案定期保
人在每一瞬间,将心理活动选择了某些对象而忽略了另一些对象。这一特点指的是注意的(
案例十: 下面是某求助者的SCL-90测验结果: 总分243阳性项目数57
A.釉质周期性生长速率改变所形成的间歇线 B.是全身代谢障碍的表现 C.可以
财务管理的核心是基于()的管理。A.安全 B.资产 C.价值 D.利
最新回复
(
0
)