首页
登录
职称英语
Tulips were introduced into Holland before the 17th century but it did not t
Tulips were introduced into Holland before the 17th century but it did not t
游客
2024-05-16
28
管理
问题
Tulips were introduced into Holland before the 17th century but it did not take long for the flowers to gain popularity among the upper classes. Flowers of such beauty and rarity soon became symbols of power and prestige and the rich tried their utmost to lay their hands on some to display in their gardens.
By 1634, the whole country was so fascinated by tulips that all other activities almost came to a stop. People were trading in tulips and even buying and selling unsprouted flowers. It was similar to the futures market today, where traders are buying and selling crude oil or cotton which they will never see. As the tulip trades increased, regular markets were set up on the Stock Exchange of Amsterdam and other towns. That happened in the year 1636 when the craze was reaching its peak.
The bubble finally burst in 1637. For some unknown reasons maybe a group of people suddenly realized the madness tulips failed to command the usual inflated prices in a gathering. Word spread and the market crashed. As in all asset bubbles, it took time to propel prices to such extraordinary levels, but it only took a single pierce to burst the bubble. When confidence was destroyed, it could not be recovered and prices kept falling until they were one-tenth of those set during the peak. Soon the nobles became poor and the rich became paupers (贫民). Cries of distress resounded everywhere in Holland.
Why do investment professionals like to bring up this story that happened centuries ago? This is because greed is part of human nature and short memory is an investor trait, we just never seem to learn from past mistakes. Recently, many have pointed to the American investors’ madness over Internet stocks as another "tulip craze". Whether these are really "Internet tulips" remain to be seen. However there are tell-tale signs that the buying is overdone.
There is no denial that the Internet is an important development in this century, but it is madness when every Internet stock jumps in multiples and every company that announces conducting their business over the net witnesses their stock prices going up. Not to mention that some of these Internet stocks are trading at hundreds times PE (本益比) and some will not report any profit for the next few years! [br] What is regarded as the most recent version of the "tulip craze"?
选项
答案
The American investors’madness over Internet stocks
解析
原文该句中的Recently,...pointed…as another“tulip craze”表明该句中的the American investors’madness over Internet stocks就是最新版本的“郁金香热”。
转载请注明原文地址:https://tihaiku.com/zcyy/3600512.html
相关试题推荐
Livingstandardshavesoaredduringthe21stcentury,andeconomistsexpect
Livingstandardshavesoaredduringthe21stcentury,andeconomistsexpect
Livingstandardshavesoaredduringthe21stcentury,andeconomistsexpect
Livingstandardshavesoaredduringthe21stcentury,andeconomistsexpect
Livingstandardshavesoaredduringthe21stcentury,andeconomistsexpect
Livingstandardshavesoaredduringthe21stcentury,andeconomistsexpect
TheCaseAgainstRetirementAh,retirement!Beforet
TheCaseAgainstRetirementAh,retirement!Beforet
TheCaseAgainstRetirementAh,retirement!Beforet
TheCaseAgainstRetirementAh,retirement!Beforet
随机试题
TheBeringStraitBridgewillbeoneofthemostchallengingengineeringproject
TheofficiallogooftheInformationAwarenessOffice,thePentagon’ssecr
WhatIfACollegeEducationJustIsn’tforEveryone?[A]Longbef
B
工业企业建设项目的"三同时"指安全防护设施与主体工程A.同时论证、同时评审、同时
患者女性,28岁。有不洁性交史,查体:外阴有一硬结节状物。荧光密螺旋体抗体吸收试
细胞水肿的发生机制主要与哪一种细胞器的功能障碍有关A、溶酶体 B、线粒体 C
隐含波动率是预测市场下跌的恐慌性指标。( )
伪造、变造会计凭证、会计账簿,尚不构成犯罪的,会计人员()内不得从事会计工作。A
最新回复
(
0
)