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 the p
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 p
admin
2014-06-30
19
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
【C4】
选项
答案
I
解析
根据空格前的seem more可知,该空格缺少形容词。由but后的两个从句if history is any guideline--and if business and corporate earnings were to continue onthe same course“参照历史——如果商业和公司的利润仍然保持现有增长水平”可推知,股市前景应该是更令人稳健的,而不是更令人悲观的。I)prudent“稳健的”符合句意,故为答案。
转载请注明原文地址:https://jikaoti.com/ti/fsqFFFFM
0
大学英语六级
相关试题推荐
WhenaBrainForgetsWhereMemoryIsEverysooften,seeminglynormalpeoplesuddenlywalkoutoftheirlivesanddisappear,
______(他拒绝接受此次邀请)isreallysurprising.
A、Itendedsoonwhenthebusdrivers’demandwassatisfied.B、Itwouldcontinuedespiteofferforwageincrease.C、Itwouldn’te
A、Theman’sconditionnowisnotsuitableforexercise.B、Themanisnotqualifiedforfootballmatch.C、Theman’slegwasinjur
A、Postponement.B、Preparation.C、Confidence.D、Information.B短文第l句便提到,在公众演讲中,一个重要的格言就是做好准备(preparation)。即B。
给婴儿特别的礼物或给亲戚礼物,中国是有自己的文化的。如果是新生儿,玉或银手链或项链通常是很好的礼物,特别是那些只要宝宝一动就可以发出叮叮声的东西。另外,一些孩子的衣服,鞋子和手套也是很好的礼物。如果是大点的孩子,一些玩具或文具就好了。如果是老人,就要考虑一
In2011,manyshopperschosetoavoidthefranticcrowdsanddotheirholidayshoppingfromthecomfortoftheircomputer.Sales
______(最吸引我的是)itsoriginality.
A、Deathscausedbytheproblemincreased80%in2004.B、Theproblemcausedalmost20,000deathsin2004.C、Theproblemranksthe
Themost【B1】______problemcreatedbytherapidincreaseinpopulationisa【B2】______offood.Moremouthshavetobe【B3】______eve
随机试题
PASSAGETWO(1)Iwastakenbyafriendoneafternoontoatheatre.Whenthecurtainwasraised,thestagewasperfectlyemp
与配体结合后,自身具酪氨酸蛋白激酶活性的受体是
不属于与文化密切相关的精神障碍的是
可引起再生障碍性贫血的抗生素是
成人胸外心脏按压的正确位置是
工程项目工作时间估算的成果包括()。
城镇道路高级路面的要求是强度高、刚度大、稳定性好,适用于城镇()。
按照现行征管制度规定,关联企业之间的业务往来,未按独立企业之间业务往来进行交易,税务机关有权核定其应纳税额,这一做法体现了税法原则中的()。
在资本市场上向投资者出售金融资产,如借款、发行股票和债券,从而取得资金的活动是()。
Animmensecloudofsmokecameoutofthehouse.
最新回复
(
0
)