1. The title that best expresses the ideas of this passage is
. A Time to Sell Stock. . A Strong Stock Market
. Raising the Margin Rate . Price/earnings Ratio in Steel
2. When investors are pessimistic what do they do?
. They look to the FRB for help. . They buy steel
. They buy automobile stocks. . They look for high yields.
3. Why does the writer believe that speciality stocks could outperform the general market?
. Because analysis have difficulty in deciding upon a fixed price/earnings ratio.
. Because the activity had been limited to blue chips.
. Because the rise was conservative.
. Because of the FRB action.
4. When investors are optimistic, what do they do?
. They look for accelerated growth. . They buy speciality stocks.
. They look for high yields. . They are more prudent.
答案祥解
1. B. 强劲证券市场。见难句译注1和第一段第三句:那种保证金率的增长有力的巩固了强劲证券市场。从19年起,这种增长导致一年来股市屡创新高。
A. 买出股票的时候。 C. 提高保证金率。 D. 钢的市盈率。这三项都不对,它们只是文中涉及的方面。
2. D. 他寻找高业绩。见文章倒数第三句:当投资者公众和团体机构紧张而又悲观时,他们肯定在买进股票上举棋不定;他们寻求低价格/利润倍数和高额利润。
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