2012012012014444考研英语测试题四SectionSectionSectionSectionIIIIUseUseUseUseofofofofEnglishEnglishEnglishEnglishDirections:Directions:Directions:Directions:Readthefollowingtext.Choosethebestword(s)foreachnumberedblankandmarkA,B,CorDonANSWERSHEET1.(10points)Alan"Ace"GreenbergchosehisnicknametoimprovehischanceswithgirlsattheUniversityofMissouri.Butitisanapt1ofhistradingskillsonWallStreet.Thisweek,asthe73-year-old2down3chairmanofBearStearns,theinvestmentbankwherehehasworkedsince1949isinahigh.It4anincreaseinpost-taxprofitsinthesecondquarterof43%onayearearlier,5atimewhenmanyofitsWallStreetrivalshave6.OnJune26thMerrillLynch7awarningthatitsprofitsinthesecondquarterwouldfallbyhalf,far8ofexpectations.GoldmanSachsandMorganStanleyhavealsoreportedlowerprofits.Strangethatthissurprised.9AlanGreenspan'sfreneticcuts10interestrates,timesaregoodforunderwritersandtradersofbonds,coreactivitiesforBearStearnsandLehmanBrothers,11alsorecordedasharpincreaseinprofits.Ithasbeenaterrible12forequityunderwritersandforadvisersonthesmallamountsofmergersandacquisitions(M&A)thisyear.Merrill,GoldmanandMorganStanleyarethreeoftheinvestmentbanksthatgained13duringtheboominequityandM&Abusiness,andtheyarenow14themost.Ofthethree,Merrillisweakestinbonds.Itcut15itsfixed-incomeactivitiesafterthecollapseofLong-TermCapitalManagement(LTCM)in1998.Asithappens,bothBearStearnsandLehmanhavelongbeencriticisedfortheirweaknessinequities.Mr.Greenbergisfamousforworryingabouteventhepriceofapaper-clipatBearStearns.Thisusedtoseemterribly16,butthesedaysotherWallStreetfirmsare17aboutcosts.Lay-offsare18thoughnotyetalarmingly-notleast,becausebankssawhowMerrillLynchlost19whenthemarketsreboundedquicklyaftertheLTCMcrisis.Still,iffew20ofimprovementshowsoon,expectrealblood-lettingonWallStreet.1.A.coverB.encapsulationC.jacketD.shell2.A.goesB.comesC.stridesD.steps3.A.beB.beingC.asD.tobe4.A.recordedB.loggedC.chronicledD.noted5.A.duringB.atC.onD.in6.A.stumbledB.slipC.blunderedD.crept7.A.deliveredB.distributedC.conveyedD.issued8.A.outB....
