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
49
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 does the author think about the age when the price of every Internet stock skyrockets?
选项
答案
It is madness
解析
题干中的时间状语从句是对原文when every Internet stock jumps in multiples的近义改写,而原文该句中的it is madness就是作者对此的看法,因此it is madness为本题答案。
转载请注明原文地址:https://tihaiku.com/zcyy/3600513.html
相关试题推荐
Livingstandardshavesoaredduringthe21stcentury,andeconomistsexpect
TheCaseAgainstRetirementAh,retirement!Beforet
TheCaseAgainstRetirementAh,retirement!Beforet
TheCaseAgainstRetirementAh,retirement!Beforet
TheCaseAgainstRetirementAh,retirement!Beforet
Asachildmustbeabletomovehisarmsandlegsbeforehecanlearntowal
Asachildmustbeabletomovehisarmsandlegsbeforehecanlearntowal
Asachildmustbeabletomovehisarmsandlegsbeforehecanlearntowal
Asachildmustbeabletomovehisarmsandlegsbeforehecanlearntowal
Asachildmustbeabletomovehisarmsandlegsbeforehecanlearntowal
随机试题
618年6月18日,唐朝由高祖建立,是中国文明的黄金时代,在艺术,文学,尤其是在诗歌和科技上发展显著。佛教成为普通百姓的主要宗教。长安(今西安)是唐朝的首都
简述PICC导管的冲洗要求和方法。
为确保桩头浮浆层凿除后桩基面混凝土达到设计强度,灌注桩的桩顶应高出设计标高()
患者女性,43岁,双手指疼痛1年,遇冷时出现雷诺现象,近1个月出现对称性指关节皮
从所给四个选项中,选出最合适的一个填入问号处,使之呈现一定规律性: A.如图所
A.π B. C. D.
1996-35.川楝子的归经是 A.肝、胆、肺、脾经B.肝、胆、大肠、小肠经
肌梭的传入冲动增加时,产生的生理效应是( )。A.兴奋同一肌肉的α运动神经元
强化
银行承兑汇票的承兑银行,应当按照票面金额向出票人收取()的手续费。A:千分之一
最新回复
(
0
)