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October 24, 1929. Black Thursday. On this infamous day, the New York Stock Exchange was hit with chaos that quickly amounted to
October 24, 1929. Black Thursday. On this infamous day, the New York Stock Exchange was hit with chaos that quickly amounted to
admin
2015-02-12
46
问题
October 24, 1929. Black Thursday. On this infamous day, the New York Stock Exchange was hit with chaos that quickly amounted to a 30% decline in the value of the Dow Jones Industrial Average, a benchmark index often used as a proxy in measuring the health of the American economy. This loss marked the end of the Roaring Twenties, a period of time in which many believed that the only direction for the stock market and the entire economy was up. Soon the U.S. entered into its longest and deepest economic slump, the Great Depression, and it took 25 years for the Dow Jones Industrial Average to return to its previous high.
Few have personal memories of the 1929 crash, but the event still colors the play of cautious investors even today. In a matter of hours, thousands saw their fortunes sink,turning previous paper millionaires into destitute paupers. The illusion of easy money in the stock market for these people was shattered, replaced by a harsh reality that the fickle sentiments of the market determined the fate of their paper profits. As the value of shares in companies tumbled, so did consumer confidence, resulting in further irrational selling, causing prices to further plummet, creating a downward spiral of frenzied losses and panic.
There were a few useful outcomes, however. Before the crash, security regulations were either lacking or rarely enforced, and stock brokers regularly hyped dubious firms. In 1934, after Congressional hearings on the problems, the Securities and Exchange Commission(SEC)was established to police Wall Street behavior and protect investors from fraud. Also, after 1929 many more economists and financial experts became interested in studying techniques for properly valuing stocks and giving advice on how to avoid financial panics. Their research has added to our knowledge about the economy and is at least partially responsible for the greater stability in many markets.
In paragraph 2, "the event still colors the play of cautious investors" means that______.
选项
A、the event has been forgotten by all but the most cautious investors
B、the event has scared many people away from investing
C、the event still hurts the market today
D、the event still influences the decisions of investors today
答案
D
解析
属信息推断题。…the event still colors the play of cautious investors出现在第二段第一句,其中信号词but已经明确告诉我们后面的内容与前面相反,前文指出“对1929年经济危机有切身经历的人现在已经所剩无几”,由此可推出下文的大概意思:但即便在今天,这次危机对审慎投资者来说仍然历历在目,依然影响着他们的决策。由此可见,选项D正确。其他选项都属于理解错误,故可排除。
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考研英语一
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