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
50
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] 【C2】
选项
答案
A
解析
由空格前的a和空格后的of后可推断此处缺少名词。结合下文提及的such increases have resulted ininterim market highs over twelve months later可知,保证金率的提高证明股票市场很强劲。A)confirmation“证实”符合句意,故为答案。
转载请注明原文地址:https://www.tihaiku.com/zcyy/2954801.html
相关试题推荐
[originaltext]Theincreaseininternationalbusinessandinforeigninvestm
[originaltext]Theincreaseininternationalbusinessandinforeigninvestm
[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
随机试题
Whatdoesthewomanaskfor?[br][originaltext]W:Hi,Tim.ItseemsLola’sfal
[originaltext]Advertisinginformsconsumersabouttheexistenceandbenefit
With2005fastbecoming"theyearofthenaturaldisaster",itistimetor
[originaltext]W:DidyoutellSteveaboutourmeeting?M:WhateverItellhimg
“海恩法则”是航空界关于飞行安全的法则,“海恩法则”指出:每一起严重事故的背后,
“终身学习”理念提出的主要依据是( )。A.低学历人员需要长时间学习才能弥补所
阴液不足,日久不愈,影响阳气化生,引起阳也不足的病理变化是()A.阳偏衰
某220kV变电站于2017年6月新投运后,其应在()内组织开展新设备首次评价并
目前,我国的城市商业银行是在()的基础上成立发展起来的。A.农村信用合作社
采用固定总价合同,承包商承担的工作量风险有()。A.报价计算错误 B.工程量
最新回复
(
0
)