They also serve stocks that fall

The Economic Times

They also serve  stocks that fall
02,Mar,2021

10 words from this day's editorials with Hindi meaning

Read the words first, then the editorial: you will meet them in the text and remember them. Tap a word for its dictionary page.

Supersede (verb)

Take the place of (a person or thing previously in authority or use). स्थान लेना

Synonyms: Replace, Take the place of, Substitute for, Displace

Antonyms: Remove, Hold

Example: As the failings of the suburb become manifest, the gated community supersedes it.

Statute (noun)

A written law passed by a legislative body. अधिनियम

Synonyms: Law, Regulation, Enactment, Bill

Example: Rules are written to reflect the statutes passed in legislation.

Cement (verb)

To make a relationship, an agreement, etc. stronger. मज़बूत बनाना

Synonyms: Strengthen, Toughen, Reinforce

Antonyms: Weaken, Undermine, Impair

Example: The two firms are expected to cement an agreement soon.

Swathes (noun)

A broad strip or area of something. पट्टा

Synonyms: Area, Land, Sphere

Example: Broad swathes of China's industrial heartland are now chronically short of electricity

Outset (noun)

The start or beginning of something. आरंभ

Synonyms: Start, Inception, Launch, Beginning

Antonyms: End, Finish

Example: At the outset of the war there appeared to be three scenarios facing allied forces.

Oversee (verb)

To watch somebody/something and make sure that a job or an activity is done correctly. निरीक्षण करना

Synonyms: Supervise, Be in charge of, Look after

Antonyms: Neglect, Ignore

Example: The Home Secretary oversees the police service.

Ambit (noun)

The scope, extent, or bounds of something. सीमाचक्र

Synonyms: Scope, Range, Limits

Example: A solution is most likely to fall outside the ambit of the Constitution.

Sprawling (adjective)

Spreading in an untidy way. बेतरतीबी से फैला हुआ

Synonyms: Straggling, Spreading, Stretching

Example: The restaurant has a sprawling indoor and outdoor dining area.

Compliance (noun)

The practice of obeying rules or requests made by people in authority. अनुकूलता

Synonyms: Agreement, Consent, Obedience

Antonyms: Disagreement, Dissent, Noncompliance

Example: Procedures that must be followed to ensure full compliance with the law

Mandate (noun)

An official order or commission to do something. आज्ञापत्र

Synonyms: Directive, Command, Instruction

Antonyms: Denial, Veto, Breach

Example: A mandate to seek the release of political prisoners.

The editorial

Source: The Economic Times · 2 Mar 2021

Stock markets have turned volatile, and that is a good thing, and not just because it gives professional traders an opportunity to make money. Yaw-yawing stock prices do the signal service of shocking retail investors out of their starry-eyed daze induced by the sight of their stocks going up and up, like Helium-filled balloons at their children’s birthday parties. Many retail investors have begun to consider themselves market geniuses, who could tell the banks to do rude things with their fixed deposits and measly interest rates while they made merry on the stock market. The several jolts the markets have received in the recent past are a reminder that stocks do not offer a simple way out of investment dilemmas. The stock market rout last week was the doing of good news. Anticipation of economic recovery on the back of successful vaccination drives and strong stimulus measures have pushed up commodity prices. Some traders dumped bonds to invest in commodities. Others shed bonds in anticipation of inflation and central bank rate action. In either case, as bond prices fell, yields on longer-term bonds went up, even as short-term rates were held down by central banks, steepening the yield curve in consequence. Higher returns on government bonds induce some shift from stocks to bonds, leading to a fall in stock prices. However, subsequent intervention by central bankers like Jerome Powell of the US to assert that they would hold policy rates low until inflation rose above their unmet targets for an extended period has cooled the bond rally. Stock prices have gone up again. Does this mean that stock prices can go only up? Price-earning ratios are absurdly high and a correction is due, sooner or later. Only professional traders can hope to exit the market at just the right time, before the correction kills their savings. The rest must diversify their investments, not just across industries, but across asset classes. This is the time to innovate saving products that offer a sliver of a portfolio of diverse assets.

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Quick quiz: 5 questions on these words

Synonyms and antonyms, the way exams ask them. Answers show as you tap.

1. Synonym of Cement

2. Antonym of Outset

3. Synonym of Compliance

4. Synonym of Sprawling

5. Synonym of Mandate

Want the full 30-question quiz with All India rank? It is in the Vocab24 app.

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