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
外语
The increase in the margin rate (保证金率) from 50% to 70% was not an attempt to stem any rampant (猛烈的) speculation on the part of t
The increase in the margin rate (保证金率) from 50% to 70% was not an attempt to stem any rampant (猛烈的) speculation on the part of t
admin
2022-10-23
29
问题
The increase in the margin rate (保证金率) from 50% to 70% was not an attempt to stem any rampant (猛烈的) 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
【C9】
选项
答案
O
解析
名词辨析题。由空格前的形容词high可知,该空缺少名词。此处意为:他们寻求低价格/利润倍数和高额________。根据常识,炒股票要追求高额收益率,故O为答案。
转载请注明原文地址:https://kaotiyun.com/show/wQR7777K
0
大学英语六级
相关试题推荐
A、TheygotsuccesswiththetrackParkLife.B、TheyweredefeatedbyOasis.C、Theyweretheroughworkingclassrockers.D、They
A、TheygotsuccesswiththetrackParkLife.B、TheyweredefeatedbyOasis.C、Theyweretheroughworkingclassrockers.D、They
A、Becauseofthestressfactors.B、Becauseoftheleisureactivities.C、BecauseoftheTVwatching.D、BecauseofthegeneralAme
A、Theycanusethelightmoreeffectively.B、Theyarestrongerthanthecommonmaterials.C、Theycanstoreandreleaseheat.D、T
A、Askouracquaintancesforhelp.B、Getadvicefromexperiencedpeople.C、Getrelaxedandsleeponit.D、Talkwithpeoplewhoca
A、Askouracquaintancesforhelp.B、Getadvicefromexperiencedpeople.C、Getrelaxedandsleeponit.D、Talkwithpeoplewhoca
A、Askadvicefromalawyer.B、Prosecutethecompany.C、Askforafullrefund.D、Requireanapology.C
A、Theystudyhardbuthavelowermarks.B、Theystartworkingearlierthantheirpeers.C、Theyspendmuchtimeonfindingpart-ti
A、Toknowhowmanyextramedicalstaffareneeded.B、Toclarifytheresponsibilityofgovernment.C、Tofindoutwhatpeoplereal
A、Thenumberofprotectedsiteswouldincreaseto54.B、Theprotectedvegetationtypeswouldincreaseto54.C、Thelandareacov
随机试题
50mL0.5mol/L的K2Cr2O7溶液相当于50mL()溶液。
什么是网络协议?简述其组成要素。
Theproblemofenvironmentprotectionhasbeenstudied______.
北京华宇公司要将从美国吉姆公司处通过普通许可合同购得的技术再许可给浙江西子公司使用,华宇公司和西子公司签订的合同不能是:
在电气照明配管配线工程中,属于暗配的管道有()。
旅行社营业设施应当包括()。
对旅行社安排旅游者参观或者参与违反我国法律、法规和社会公德的项目或者活动的行政处罚,不包括()。
在一个双链表中,在*P结点之前插入*q结点的操作是()。
A、neededsomekindofsleepB、wastoooldtoneedanysleepC、needednosleepatallD、oftensleptinchairC推理题。从文章第二段看出,结果他根本不
SlowHopeA)Ourworldisfullof—mostlyuntold—storiesofslowhope,drivenbytheideathatchangeispossible.Theyare’s
最新回复
(
0
)