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
2024-03-08
21
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 (猛烈地) 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] 【C1】
选项
答案
E
解析
副词辨析题。由空格后的chilling可知,空格处缺少副词。此处意为:自然,联邦储备基金会的这一行动_________会使股价降低。备选副词中只有momentarily“短暂地;马上”与句意吻合,故E)为答案。
转载请注明原文地址:https://tihaiku.com/zcyy/3515444.html
相关试题推荐
《水浒传》(WaterMargin)是中国文学四大经典小说之一。这部小说基于历史人物宋江及其伙伴反抗封建帝王的故事,数百年来一直深受中国读者的喜爱。
[originaltext]AnincreaseinsuicideratesamongUSteensoccurredatthes
黄海是中国三大边缘海(marginalsea)之一,其面积约38万平方公里。黄海生物种类多,水产资源(aquaticresources)丰富,周边形
[originaltext]Nowlet’stakealookatsomewaysinwhichwecanincreaset
A、Publichealthcarespendingmayincrease.B、Privatehealthcarespendingmayi
A、Thenumberofprotectedsiteswouldincreaseto54.B、Theprotectedvegetation
A、Itincreasesourdependenceontechnology.B、Itreducesourdependenceontech
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
[audioFiles]2016m12s/audio_ezfj_012_201611[/audioFiles]
What’saUniversityEducationWorth?I.Studentsgradua
中国共产党第十九次全国代表大会,是在全面建成小康社会决胜阶段、中国特色社会主义进
有限责任公司的权力机关是()。A.股东会 B.董事会 C.监事会 D.理事
A.降血压B.平喘C.抗休克D.抗腹泻E.降血压与附子"回阳救逆"功效有关的药理
A.药品生产企业市场准入条件之一B.药品生产企业行为规则之一C.药品使用单位的市
男性,40岁,销售员,近2周来乏力、低热、咳嗽、全身不适。食欲下降且体重下降。患
下列关于人力资源预测方法的说法正确的有()。A.马尔可夫分析法可以预测企业的人
下列财产中,不能用于抵押的是()。 A.抵押人所有的机器 B.抵押人依法有
(2019年真题)下列关于中水管道系统的描述,正确的是()。A.中水给水管应采
最新回复
(
0
)