首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
【F1】We’re moving; into another era, as the toxic effects of the bubble and its grave consequences spread through the financial s
【F1】We’re moving; into another era, as the toxic effects of the bubble and its grave consequences spread through the financial s
admin
2016-03-22
106
问题
【F1】
We’re moving; into another era, as the toxic effects of the bubble and its grave consequences spread through the financial system.
Just a couple of years ago investors dreamed of 20 percent returns forever. Now surveys show that they’re down to a "realistic" 8 percent to 10 percent range. But what if the next few years turn out to be below normal expectations? Martin Barners of the Bank Credit Analyst in Montreal expects future stock returns to average just 4 percent to 6 percent. Sound impossible?【F2】
After a much smaller bubble that burst in the mid-1960s Standard & Poor’s 5 000 stock average returned 6.9 percent a year(with dividends reinvested)for the following 17 years. Few investors are prepared for that.
Right now denial seems to be the attitude of choice."That’s typical," says Lori Lucas of Hewitt, the consulting firm. You hate to look at your investments when they’re going down. Hewitt tracks 500,000 401(k)accounts every day, and finds that savers are keeping their contributions up. But they’re much less inclined to switch their money around. "It’s the slot-machine effect," Lucas says, "People get more interested in playing when they think they’ve got a hot machine—and nothing’s hot today. The average investor feels overwhelmed."【F3】
Against all common sense, many savers still shut their eyes to the dangers of owning too much company stock.
In big companies last year, a surprising 29 percent of employees held at least three quarters of their 402(k)in their own stock. Younger employees may have no choice. You often have to wait until you’re 50 or 55 before you can sell any company stock you get as a matching contribution.【F4】
But instead of getting out when they can, old participants have been holding, too.
One third of the people 60 and up chose company stock for three quarters of their plan, Hewitt reports. Are they inattentive? Loyal to a fault? Sick? It’s as if Lucent, Enron and Xerox never happened.
No investor should give his or her total trust to any particular company’s stock. And while you’re at it, think how you’d be if future stock returns—averaging good years and bad—are as poor as Barnes predicts.【F5】
If you ask me, diversified stocks remain good for the long run, with a backup in bonds.
But I, too, am figuring on reduced returns. What a shame. Dear bubble, I’ll never forget. It’s the end of a grand affair.
【F1】
选项
答案
当投资泡沫的毒效及其严重后果在整个金融系统中散开时,我们正在进入另外一个时代。
解析
转载请注明原文地址:https://kaotiyun.com/show/s7sZ777K
0
考研英语一
相关试题推荐
TheHolocaustwastheNazis’assaultontheJewsbetween1933and1945.ItculminatedinwhattheNaziscalledthe"FinalSoluti
Oneofthedifferencesbetweenanimalsandmachinesisthatanimalbodiescanrepairmuchofthedamagethatacruelandhostile
Lessthanayearago,anewgenerationofdietpillsseemedtoofferthelong-soughtanswertoourchronicweightproblems.Hund
EducationFees学费Writeanessayof160-200wordsbasedonthedrawing.Inyouressay,youshould1)describethedrawingbriefly
Whatmakesagreathighschool?Americansthinkalotofthingsdo,fromoutstandingacademicsorasupportiveenvironmentfors
Human-inducedclimatechangeislikelytomakemanypartsoftheworlduninhabitable,oratleastuneconomic.Overthecourseof
Human-inducedclimatechangeislikelytomakemanypartsoftheworlduninhabitable,oratleastuneconomic.Overthecourseof
Howsoonyourperformancewillberatedmayinfluencehowwellyoudo,accordingtoanewstudypublishedinthejournalPsychol
TelevisionpitchmenforproductslikePajamaJeansandlightedslippersoncetriedtogetviewerstoplacetheirordersbyphone
现代政府依赖专家人才——2000年英译汉及详解Governmentsthroughouttheworldactontheassumptionthatthewelfareoftheirpeopledependslargely
随机试题
下列选项中,不属于村集体经济组织的流动资产的是()。
社会主义市场经济体制已初步建立的主要标志是()。
检验批可根据施工及质量控制和专业验收需要,按()进行划分。
国有资金投资的工程建设项目实行工程量清单招标,必须编制()。
侵害他人身体致使其丧失全部或者部分劳动能力的,赔偿生活补助费一般应补足到不低于()的标准。
下列关于宁波七塔寺的表述,正确的是()。
程序:会议:主持人
谭嗣同在1897年初写成的对君主专制政体和纲常名教进行批判的著作是()。
员工诚实的个人品质,对于一个企业来说至关重要。一种新型的商用测谎器,可以有效地帮助公司聘用诚实的员工。著名的3Q公司在一次招聘面试时对300名面试者使用了测谎器,结果完全有理由让人相信它的有效功能。有1/3的应聘者在这次面试中撒谎。当被问及他们是否知道法国
Nooneworddemonstratedtheshiftincorporations’attentioninthemid-1990sfromprocessestopeoplemorevividlythanthesi
最新回复
(
0
)