首页
登录
职称英语
The increase in the margin rate(保证金率)from 50% to 70% was not an attempt to s
The increase in the margin rate(保证金率)from 50% to 70% was not an attempt to s
游客
2023-08-24
41
管理
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 I)prudent
B)guarantee J)representation
C)intelligible K)speculate
D)invariably L)underscored
E)momentarily M)vicinity
F)overpriced N)voiced
G)pessimistic O)yields
H)preoccupied [br] 【C1】
选项
答案
E
解析
由空格后的chilling可知,空格处缺少副词。该句句意为:自然,联邦储备基金会的这一行动 会使股价降低。只有E)momentarily“短暂地”在含义上与本句吻合,故为答案。
转载请注明原文地址:https://www.tihaiku.com/zcyy/2954800.html
相关试题推荐
[originaltext]Theincreaseininternationalbusinessandinforeigninvestm
[originaltext]Eatingfoodshighintrans-fatsandsaturatedfatsincreases
[originaltext]Eatingfoodshighintrans-fatsandsaturatedfatsincreases
Themost【B1】______problemcreatedbytherapidincreaseinpopulationisa【B
Themost【B1】______problemcreatedbytherapidincreaseinpopulationisa【B
Themost【B1】______problemcreatedbytherapidincreaseinpopulationisa【B
Themost【B1】______problemcreatedbytherapidincreaseinpopulationisa【B
Themost【B1】______problemcreatedbytherapidincreaseinpopulationisa【B
Themost【B1】______problemcreatedbytherapidincreaseinpopulationisa【B
Themost【B1】______problemcreatedbytherapidincreaseinpopulationisa【B
随机试题
Samlikeswalkinginthestreetafterlunch.[br]Samisnotlost.A、True.B、Fals
Althoughspecificconcernsmaydeterminetheintentofaresearchproject,itsr
[originaltext]Theterm"Americandream"iswidelyusedtoday.Butwhatexac
女性,56岁。肝硬化大量腹水,呼吸困难,用利尿剂后仍少尿,如需单纯放腹水,第一次
下列人员中,应定期对专项施工方案实施情况进行巡查的有()。A.项目法人技术负
银保监会监管的非银行金融机构不包括()。A.金融资产管理公司 B.邮政储
一般资料:男性,21岁。未婚,业务员。 求助者自述:近半年来,见到女性就感到紧
特殊的普通合伙企业的合伙人在执业活动中,因故意或者重大过失造成合伙企业债务的,该
土质路基压实要遵循()的原则。A.先高后低 B.先慢后快 C.先轻后重
Ⅰ度房室传导阻滞的心电图特点是( )。A.P波与QRS群无关 B.PR间期固
最新回复
(
0
)