What does "a bull" mean? it is a term that is used to refer to an investor who expects stock prices to rise. "Bulls" buy in anticipation of the market going up. Of course, the market will not always rise. Sometimes stocks drop and remain low for extended periods of time. Those investors who expect stock prices to decline are known as "bears". During the Great Depression, the bears made a great deal of money. While the bulls were "buying long" the bears were "selling short". Buying long means buying stock for the purpose of reselling it at a higher price. If the market is going down the only way to recover your investment is hang on to the stock and wait for it to come back. Selling short means selling stock that you do not own with the intention of replacing it later at a lower price. For example, if you heard that IBM was going to announce very low earnings and felt that the price would drop from $70 to $65, you could sell IBM short by telling your broker to borrow this stock from one of the brokerage's customer accounts and replace it when it drops to $ 65. Keep in mind, of course, that if the stock goes up instead of down, you will have to replace the stock at a higher price and will lose the difference between the selling and the replacement price. Thus, selling short can be a risky strategy. 1. The main topic of the passage is________.
A、what is the stock market
B、how to buy and sell stocks
C、stock market
D、bulls and bears
第1题
A.Robert Frost uses everyday language in his poetic writing.
B.Both Frost and Wordsworth use everyday language in their poetic writing.
C.Robert Frost uses a poetic language which is even simpler than William Wordsworth’s.
D.Both Frost and Wordsworth use simple language in their poetic writing.
第2题
A.He suggests that the woman go to the library.
B.He suggests that the woman shouldn't read.
C.He wants to stop the noise.
第3题
A.We give our hats to Susan.
B.We take off our hats to Susan.
C.We give our congratulations to Susan.
D.We show Susan our hats.
第4题
A.the "finish lines" does mean what it reads.
B.the sequencing' machines have stopped at the "finish lines".
C.the former warriors are now collaborators.
D.both sides will work on independently.
第5题
A.A building with a mural will attract a lot of visitors.
B.A mural serves the same purpose as other forms of art.
C.The term "mural" has several different meanings.
D.A mural is an expression of the building"s character.
第7题
A) Food and drink affect one’s personality development.
B) Food and drink preferences vary with individuals.
C) Food and drink leave traces in one’s body tissues.
D) Food and drink are indispensable to one’s existence.
第8题
A.Let"s review the material we just covered.
B.Let"s slow down because we"re going again in a while.
C.Let"s take a break and start the class again in a while.
D.Let"s move on to the next topic.
第9题
A.Immigrants were required to buy a textbook to learn English.
B.Most of the people who used mail-order catalogs were immigrants.
C.The Sears catalog taught immigrants about American culture.
D.People immigrated to America for its economic opportunities.
第10题
What does the speaker mean?
A.He will go away together.
B.He thinks he is very knowledgeable.
C.He does not believe what is said.
D.He believes he is cleverer.
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