2. 考研
  3. The media made a big deal of the fact that the DJIA rose above 9,000 for the first time in nearly eight months. The index(a numb

The media made a big deal of the fact that the DJIA rose above 9,000 for the first time in nearly eight months. The index(a numb

admin2015-03-25  57
问题     The media made a big deal of the fact that the DJIA rose above 9,000 for the first time in nearly eight months. The index(a number or formula expressing some property, ratio, etc. , of something indicated)was under 6,550 in early March, do the advance has been 38% since then, but the index is still well below 14,000 which it hit in October 2007. The Dow would have to rise 54% to get back to that point. That is an extraordinarily depressing figure given how far the market has already come and how hard it will be for it to rise to that number in what is still a harsh economic environment.
    There are obviously a number of good reasons for the run-up, but there are an equal number of reasons that it has gone too far. Housing has begun to make what could only be called a most modest recovery, or, at least it has created a credible mirage(illusion). Earnings have been better than expected. A great deal of that improvement is because of expense reductions. Millions of people have been fired and capital spending cut to unprecedented levels. The stimulus package may take hold as the year goes by, at least according to many economists, the Treasury Secretary, and the chairman of the Fed.
    Housing is still as badly off as it has been in two or three generations even with a tiny improvement. The fact that the supply of homes on the market is just above nine months may be considered a slight jump over that figure three months ago, but it still means that it could take several years to burn off that inventory with a simultaneous improvement in prices. Unemployment will move above 10% soon, and the shrinking base of consumers will continue to hurt businesses which rely on consumer spending and banks that are facing rising credit card default rates.
    Earnings probably will not improve as much in the third and fourth quarter as they did in the quarter that just ended. A lot of the positive news about earnings at firms including Starbucks, Caterpillar, and The New York Times was due to layoffs and debt reductions. Many of the layoffs occurred late last year, so the comparisons are going to stop being beneficial as 2009 wears on.
    The major challenge to the stock market’s health could end up being the speed at which the $787 billion stimulus package is helping the economy. Even the government admits that much of it benefit from programs will not take effect until 2010. That leaves a number of businesses and industries in a position where they will have to stand on their own without a "federally improved" GDP growth rate. The market move over the last four months has been swift and relatively easy. The drum beat of good news got a bit louder as the weeks went by. The pace at which good news will be coming is likely to slow considerably.
According to the first paragraph, the index of DJIA
选项 A、rose above 9,000 for the first time in history.
B、has increased 38% since October 2007.
C、indicates the end of the harsh economic environment.
D、is still 54% lower than the highest point in history.
答案D
解析 推理判断题。由题干提示定位至第一段。该段第三句提及“该指数或许必须上升54％才能回归到最高点”，即现在的指数比最高点低54％，由此推知[D]与之相符，故为正确答案。由原文首句“在近8个月以来首次超越9000点”可知，[A]中in history的时间范围与原文不符，故排除；第一段第二句指的是从三月初到现在确实有38％的提升，并非从2007年八月开始，故排除[B]；第一段前两句只是提及经济指数的回升，但是并未就此判断说严峻的经济环境已经结束，而是距离历史最高点还有很大差距，故排除[C]。
转载请注明原文地址:https://kaotiyun.com/show/zF74777K
0

考研英语一

相关试题推荐
随机试题
最新回复(0)