HDTenEightyP/NetNews huggingface dataset:
From: McAldon International Inc. <mcaldon@igc.apc.org>
Newsgroups: misc.invest
Date: 03 Oct 92 23:16 PDT
Subject: Re: investing for November elections
Nf-ID: #R:lcphoqINN3ub@exodus.eng.sun.com:1373922048:cdp:1426500276:000:965
Nf-From: cdp.UUCP!mcaldon    Oct  3 23:16:00 1992


It may be late in the game to capitalize on a Clinton victory.  Much
or all of that is already in market pricing, IMHO.  That said, stocks
that are helped by public works, such as Caterpillar and maybe Jacobs,
should be buys.  Both are well off their recent highs reached in the
previous cyclical buying rush.  Technology stocks should benefit, if
campaign promises mean anything. (???) Vocational schools come to mind,
such as NEC, which has been lagging.  (It nearly went broke a couple of
years ago, then partly recovered.)  HMOs represent efficiency in health
services, so the better ones should prosper. The list goes on. These 
are rather conventional ideas and certainly have been well pawed over
by Wall Street.  OTOH, Wall St. has apparently condemned the drug stocks,
most of which I think will do OK.  DMcKenzie.

|    mcaldon@igc.org     | Opinions dispensed herein not guaranteed |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||

Xref: sparky misc.invest:12284 sci.econ:7956 talk.politics.theory:4446
From: jscott@AFIT.AF.MIL (John R. Scott)
Subject: Re: Effects of U.S. national debt
Organization: Air Force Institue of Technology, WPAFB OH
Distribution: usa
Date: Thu, 1 Oct 1992 12:58:06 GMT

In article <9209302356.AA18495@inet-gw-1.pa.dec.com> GCTHORNE@idbsu.idbsu.edu (Broward Horne) writes:
>From: GCTHORNE@idbsu.idbsu.edu (Broward Horne)
>Subject:      Re: Effects of U.S. national debt
>Date: Wed, 30 Sep 92 17:49:58 MST

>Newsgroups: misc.invest
>Path: idbsu!guinness!mica.inel.gov!pmafire!uunet!odi!ed
>From: ed@odi.com (Ed Schwalenberg)
>Subject: Re: Effects of U.S. national debt
>In-Reply-To: jordan@IMSI.COM's message of 24 Sep 92 21:28:51 GMT
>Message-ID: <1992Sep30.172541.6163@odi.com>
>Organization: Object Design, Inc.
>References: <22208@optima.cs.arizona.edu> <5171@bacon.IMSI.COM>
>Date: Wed, 30 Sep 92 17:25:41 GMT
>Lines: 25

>>Read the Forbes 400 Richest People in America issue; this year's issue
>>is due out soon.  One of the most interesting commentaries is that of
>>the 400, at most one or two derive their riches primarily from the
>>stock market.  The vast majority of really rich people and families
>>are the largest owners of, and actively manage, large businesses like
>>Wal-Mart, Microsoft, Reebok, Mars, etc.  Passive investors (long or
>>short) don't get really wealthy.

>           Not true.  All the above examples, as well as Hewlett and
>   Packard, Intel dudes, etc ALL are wealthy due to their STOCK
>   holdings in their own companies.  While passive investors may not
>   get wealthy, it is equally true that the great majority of "wealth"
>   in this country is derived from stock ownership.  Thus, a market
>   crash would serve to effectively redistribute wealth more equitably.

	Could you explain what you mean by "redistribute wealth more 
equitably"?  Equitable is such a nebulous term and means different 
things to different people so an explanation would help one understand 
your argument.

>   Personally, I'm now convinced, after reading up on Batra, 
Thurow,
>   Kindleberger, 2 years as a business major with a quantitative>   
background, that the current recession will continue indefinitely,
>   until a more equitable distribution is made.

	Who is to decide what income level is equitable and how it should be 
distributed?

>      Money ( or wealth ) is like water.  If it don't flow, no go.

	Income equitabiliy and redistribution arguments can be facades for 
other, more underlying political objectives.

John

These opinions are mine, and mine alone not those of my employer.
From: bd@fluent@dartmouth.EDU (Brice Dowaliby)
Newsgroups: misc.invest
Subject: Short selling - can someone explain it?
Date: 1 Oct 92 20:37:17 GMT
Reply-To: bd%fluent@dartmouth.EDU
Distribution: usa
Organization: Fluent Inc., Lebanon NH


This will sound like a stupid question to many of
you (and its probably in the wrong group as well, but 
it's the closest I couldfind).

Exactly what is short selling?  I don't
understand much about how the stock market 
works, and for the life of me I don't understand
how someone can make money on a stock going down.

Would someone please explain it to me in simple
terms (I am *not* an idiot, but I am ignorant
about this topic).

Thanks.
-- 
   Brice Dowaliby, Fluent Inc., 10 Cavendish Court, Lebanon, NH  03766
                         bd%fluent@dartmouth.edu        
             I don't speak for them, they don't speak for me
                              DoD # 0698
Newsgroups: misc.invest
From: markr@mot.com (Mark)
Subject: Re: Hulbert (Japan no more?)
Reply-To: markr@mcil.comm.mot.com
Organization: MCIL
Date: Thu, 1 Oct 1992 06:52:00 GMT

In article <1992Sep30.192327.1340@pony.Ingres.COM> rion@Ingres.COM  writes:
>In article <1992Sep29.184916.29986@pslu1.psl.wisc.edu> dbk@pslu1.psl.wisc.edu (Don Katz) writes:
>>In article <1992Sep28.233841.9751@pony.Ingres.COM> rion@Ingres.COM  writes:
>>>It seems a little strange to me that the best way to pick a financial 
>>>newsletter is to subscribe to another newsletter that rates financial
>>>newsletters!  Next thing we know there will be a newsletter that rates
>>>newsletters like Hulbert!  How many levels deep will it get?
>>>
>>>It seems analogous to hiring one attorney to help you find one that will
>>>really represent you.
>>
>>If you need a really good criminal lawyer, would it be so crazy to
>>hire an general practice attorney to find the person with the best record and
>>reputation and arrange for her to take your case?
>>
>>When you buy a car, do you take a look at Consumer Reports to find out
>>what they think the best cars are?
>>
>
>I might look at Consumer Reports.   The question is: do you need another
>magazine/newsletter to tell you to read Consumer Reports vs. Consumer Digest?

Not in the case of 2 options, but if there were 1000 Consumers XXX
magazines out there, perhaps you would need something that rates all
of them on certain things.

Mark
From: davida@bonnie.ics.uci.edu (David A. Andersen)
Subject: Re: DRIP's
Newsgroups: misc.invest
Reply-To: davida@ics.uci.edu (David A. Andersen)
Organization: Univ. of Calif., Irvine, Info. & Computer Sci. Dept.
Date: 6 Oct 92 00:05:46 GMT

In article <Meo8wWC00YUnQlIKwd@andrew.cmu.edu> pb00+@andrew.cmu.edu (Peter B. Behrens) writes:
>I saw an ad on CNBC for a "Guide to Dividend Reinvestment Plans" which
>supposedly lists over a one hundred companies that offer DRIP's.  I
>haven't seen the booklet and I am not affiliated with the company making
>the offer, so _FYI_only_:  call 800-443-6900 give them $9.00 (charge to
>Master Card or Visa) and they will send you the DRIP's booklet and a
>copy of a newsletter called the Money Paper.  (They will probably make
>you a subscription offer when you call.)
>

There was also a recent article in USA Today about direct investing
of companies.  I'll see about pulling it if people want it.

David Andersen
UC Irvine



Newsgroups: misc.invest
From: gautam@Ingres.COM (Gautam Makani)
Subject: Novice tax question concerning capital gains
Organization: Ingres, an ASK Company, Alameda CA 94501
Date: 6 Oct 92 18:18:57 GMT

I got a newsletter from my broker indicating the new tax limits.
For single filers the tax rate is 31% if you exceed $51,900.
And the capital gains tax rate is 28%.

(I plan on taking the standard deduction)

Now say my income from all other sources is $45000. I have a
$7000 capital gains this year.

How do I get taxed ? 
a) 31 % on 45K , 28 % on 7K
b) 28 % on 45K and 28 % on 7K 
c) 31 % on 52K

Thank you, 
Gautam
Organization: Arizona State University
Date: Sunday, 27 Sep 1992 13:18:18 MST
From: <AGRGB@ASUACAD.BITNET>
Newsgroups: misc.invest
Subject:    ACCOUNTANTS only (no invest content)

Greetings!

I want to apologize for the lack of investment content, but this seemed
to be a good place to post this message.

I am in the process of gathering data for my dissertation. As part of this
process, I am trying to make contact with members of the IIA (Institute of
Internal Auditors). I have received the support of the national office of the
IIA and a local chapter, but need to contact folks in other areas of the
country, as well. If you are a member of the IIA (or know someone who is)
please respond to this message. I will not be cold-calling anyone and can
provide references to you if you are concerned about the nature of my
dissertation (beyond what I can provide). Contacting IIA members is a key
component of my dissertation, and I would truly appreciate any/all
assistance. Other groups in the net have provided me with a few contacts
but I am attempting to explore all options.

Thanks for taking the time to read this posting.
Rich Brody
Arizona State University
From: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Newsgroups: misc.invest
Subject: Re: Are we nearing another stock market crash?
Date: 29 Sep 92 01:24:32 GMT
Reply-To: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Distribution: na
Organization: Intel-Corp,_Hillsboro,_Oregon

In article <x+!pn2f.sbale@netcom.com>, sbale@netcom.com (Swamy S. Bale) writes:
|>... 
|> When I see todays DJIA -35.50 (Friday 25), and new lows leading over new
|> highs,(I have been tracking this since two weeks) it is telling something 
|> negetive. The reason for friday's DJIA down is economic uncertainity.
|> 
|> Do you think I should still keep my stocks or sell it?
|> 
It depends.
If you are in for the long haul, hold on to your stocks and enjoy the ride.

But if you are looking for a quick buck, (ie. if you are a market timer) I 
suggest you sell or short most of your stocks now, and wait until the dust 
clears before buying again. 

-- 
..CHEDLEY..
..!{uunet|tektronix|ogicse}!littlei!chedley    chedley@carthago.intel.com     
------------------------------------------------------------------------
Standard Disclaim: The above statements and opinions are strictly mine,
and do not represent any company or organization's position.
......................................................................
From: lib@cbnews.cb.att.com (Lib)
Newsgroups: misc.invest
Subject: Re: shorting in these bad times?
Keywords: short stocks, options
Date: 2 Oct 92 18:36:22 GMT
Distribution: na
Organization: AT&T

In article <1992Oct2.180802.13345@cbnewse.cb.att.com> mramesh@cbnewse.cb.att.com (m.ramesh) writes:
>I have seen a lot of posting for going long on stocks.  Could somone out there
>post a list of industris and/or stocks whcih may be shorted nw.  i
>tried shorting MRK at 42 3/8 but was stopped out at 43.

This is not a flame, rather an honest question. How did you
pick your stop? It looks to me to be too tight. MRK might still
head south. If I went long at 43, by comparison, I wouldn't sell
just because it went to 42 5/8? 
Newsgroups: misc.invest
From: pub@riscee.pko.dec.com (Publius)
Subject: Re: The end of media generated recession is close.
Organization: Digital Equipment Corporation, Maynard MA
Date: Mon, 5 Oct 1992 15:31:59 GMT

In article <23339@optima.cs.arizona.edu> bakken@cs.arizona.edu (Dave Bakken) writes:
>
>Sheesh!  Consumer confidence indices are very low when you compare
>to them other periods of the same amount of unemployment, etc., and
>this is because the media has been crying that the sky is falling
>for about a year now.

Consumers lost their confidence not just because they saw friends
losing their jobs, but also because they saw how little their neighbors
could sell their houses for.  As they saw their houses losing value
each day, they got scared and changed their spending habit.  They
can no longer count on home equity to bail them out!  Many of them
probabily have negative net worth.  I would argue that it is the
lousy balance sheet picture of the average consumers that is the
cause of the low consumer confidence.

In the long run, this might not be bad.  We as a nation will produce
more, save more, export more, and spend less, after we get through
this process.  But in the mean time, there will be a few more 
painful years as our economy is retooling itself from the spend-led,
consumer-led economy to the saving-led, investment-led economy.

The excess piled up in the 80's will have to be repaid with hardwork,
sufferings, and economic dislocations.  There is no other way out.

> ...  Many people out there actually think that
>unemployment is 15%, and things are as bad or worse than they 
>were under Carter.

But the home prices were rising up fast during the Carter era.
That is why people did not feel as bad then as they do today.

> ... The problem is, after a while this can be
>a self-fulfilling prophecy as people become more cautious in
>their spending.

What's wrong with people being cautious about their spending?
We have the lowest saving rate among the industrialized nations.
Don't you think it's time for a change?  Do you really believe 
we can spend our way into prosperity?  Many consumers have already
spent to their credit limit.  Do you really expect them to pull us
out of this recession?  It is true that every post-WW II recovery
was led by the consumer spending.  But each time as the consumers
pulled the economy out of the pit, their balance sheet got a little
worse.  This time around, don't expect them to be there to do their
part, for they simply can't afford it.  It will take many cold winters
for them to for them to hide in their caves and rebuild their balance
sheets.

Don't ever think that we as an economy can cheat the market.  There
is no easy way out.  The hand of Adam Smith is fair, and the economic
sins can only be repaid with sufferings.


Regards,
-- 
-- Publius
Disclaimer: These opinions are mine, all mine, mine alone.
Newsgroups: misc.invest
Subject: Opinions on AIQ's trading software?
From: rteasdal@polyslo.csc.calpoly.edu (Rusty)
Date: Mon, 28 Sep 92 01:50:23 GMT
Organization: Cal Poly San Luis Obispo, CSc Department



	Well, I continue (with the blazing speed of a drugged snail
or a federal government agency) to research decision support and
technical analysis software, and the latest name to have come up
is that of AIQ Systems. They apparently market a wide variety of
trading systems, everything from straight stock packages to options
and futures versions. All are touted to employ AI techniques in the 
screening and filtering algorithms (if that doesn't scare me away,
nothing will! :-)

	Has anyone had any experience with AIQ's packages, or read
any reviews, for good or for ill? Replies by email are fine, and I'll
be happy to forward or to repost a summary of responses if there's
sufficient interest.




-- 
||||||||   Russ Teasdale -- rteasdal@polyslo.CalPoly.EDU  --  (Rusty)  ||||||||
-------------------------------------------------------------------------------
"Gentlemen, if we do not succeed, then we run the risk of failure." - D. Quayle

Newsgroups: misc.invest
From: pvonk@scott.skidmore.edu (Pierre VonKaenel)
Subject: Re: Advice of "Experts" : what about Value Line's Strategy?
Organization: Skidmore College, Saratoga Springs NY, 12866
Distribution: usa
Date: Sat, 26 Sep 1992 13:55:05 GMT

In article <1992Sep26.034201.23639@cs.brown.edu> jhc@iris.brown.edu.UUCP (James H. Coombs) writes:
>
>I have read about 35 books in the last year.  I subscribed to several
>newsletters, Forbes, Fortune, BusinessWeek, Barron's, WSJ, IBD, Daily
>Graphs, Long-Term Values.  I got Value Line for a trial.  I tried OTC
                                  ^^^^^^^^^^
>Insight.  I got Value Line Special Situations for a trial.  I watched
>CNBC three hours a day.

Value Line's strategy is to anylize *many* stocks using some formula,
and to invest in the top 5th of their ordering.  As stocks fall off
the top of the list, sell out, buy into another company in the top
5th.  Their charts indicate that over a long period of time, this
strategy stays well ahead of the market average.

So,.... what do you netters think of this strategy.  Anyone been
doing it over a long period?  I suspect you won't make the big kills,
but can you really do better than average, and does this result in a
reasonable return on your money?




-- 
Pierre von Kaenel	| Skidmore College	     | pvonk@skidmore.edu
Math & CS Dept.		| Saratoga Springs, NY 12866 | (518)584-5000 Ext 2391

[.... old sig has been retired.  New sig isn't ready yet. ]
Newsgroups: misc.invest
From: joe@montebello.soest.hawaii.edu (Joe Dellinger)
Subject: Re: When to buy Mutual funds - tax implications
Keywords: capital gains distributions.
Reply-To: joe@montebello.soest.hawaii.edu
Organization: School of Ocean and Earth Science Technology
Distribution: usa
Date: Mon, 5 Oct 1992 10:57:57 GMT

In article <1992Oct2.202225.8759@pslu1.psl.wisc.edu>, dbk@pslu1.psl.wisc.edu (Don Katz) writes:
|> Funds, by law, can't pass through capital losses to their
|> shareholders. But they are required to pass through all capital gains.
|> Gotcha! 

	I believe I know the reason for this change in the law: many
people do not realize that when they SELL mutual funds they have to
figure out the "capital gains" and pay tax on that. I know several people
who have made this very mistake! Also, if you are selling a mutual fund
that you have held for many many years, and it has automatically bought
more of itself five or more times a year, figuring out the cost basis
can be an accounting and record-gathering NIGHTMARE. I imagine some
people must be tempted to feign ignorance and let the IRS come after them
if they really want to know what the exact gain or loss was!

	By retaining losses but distributing gains, the new version of the
tax law keeps mutual fund share prices down. You still increase the amount
you own, but it takes the form of more and more shares, not the same number
of more and more valuable shares. Most importantly, you are "taxed as you
go". Under the current system you will most often report a capital _loss_
when you sell shares because the _gains_ have already been separated out.
"Forget" to do all the bookkeeping to figure your cost basis and you probably
cheat yourself out of a deduction, not the IRS out of a capital-gains tax.
Under previous practice it was the other way around.

     /\    /\    /\/\/\/\/\/\/\.-.-.-.-.......___________
    /  \  /  \  /Hawaii Institute of Geophysics, Honolulu\/\/\.-.-....__
___/    \/    \/Joe Dellinger, Internet: joe@montebello.soest.hawaii.edu\/\.-.__
From: rauchfuss@hpfcso.FC.HP.COM (Brian Rauchfuss)
Date: Thu, 1 Oct 1992 16:01:59 GMT
Subject: Re: Are we nearing another stock market crash?
Organization: Hewlett-Packard, Fort Collins, CO, USA
Newsgroups: misc.invest

In misc.invest, McAldon International Inc. <mcaldon@igc.apc.org> writes:
> 
> |        hey, what's the worst that can happen?
> |        The market CAN'T crash anymore.  It can only drop 50 points per
> |        day.  At that rate, you won't be back to 1991 levels for over
> |        a week.  Plenty of bail time.
> 
> This is serious misinformation.  The market can drop as much as it wants,
> except when it hits 50 points down OR up, computerized arbitrage sell or
> buy programs are not permitted.  Your individual stock, of course, can go
> through the floor [or, more happily, ceiling] without restraint. DMcKenzie

Even if there was a "halt trading" on days that are large drops (which I
believe has been proposed), you will not have plenty of time to bail.  What
will happen is the same thing that happens in commodity markets: when a
commodity market crashes, it drops the maximum amount in the first ten minutes
of trading every day, and the trading is halted until the next day.  Very few
of the people who want to bail get to, and the losers sit around worrying until
tomorrow.  I am told it is one of the most painful experiences known to man.

BDR
From: davida@bonnie.ics.uci.edu (David A. Andersen)
Subject: Request for FAQ
Newsgroups: misc.invest
Reply-To: davida@ics.uci.edu (David A. Andersen)
Organization: Univ. of Calif., Irvine, Info. & Computer Sci. Dept.
Date: 27 Sep 92 04:55:25 GMT


>I just started this newsgroup. Could the archive-site please
>send me a FAQ; by email please to avoid using bandwidth. Thanks.

[stealing someone else's top lines]

Ditto in my direction too please!


David Andersen
UC Irvine
From: sbale@netcom.com (Swamy S. Bale)
Newsgroups: misc.invest
Subject: Re: mini-crash in the wallstreet
Keywords: Dow down about 100 points
Date: 6 Oct 92 15:18:31 GMT
Distribution: usa
Organization: Netcom - Online Communication Services  (408 241-9760 guest)

In article <federkin.718316798@guppie19> federkin@rtsg.mot.com (John Federkins) writes:
>rravi@cbnewsj.cb.att.com (ramesh.ravi) writes:
>
>>Dow is down about 100 points at 11:15 AM. 
>
>The DJIA closed today at 3119, down 81 points.
>

Are you kidding? Its down 21 something points.
>
>-- 
>------------------------------------------------------------------------
>   "The sooner you fall behind, the more time you have to catch up!"
>John Federkins				Cellular Infrastructure Division
>Motorola, Inc.				Arlington Heights, IL
From: mintz@lsil.com (Doron Mintz)
Newsgroups: misc.invest
Subject: Old quotes ?
Date: 2 Oct 92 18:41:48 GMT
Reply-To: mintz@lsil.com
Organization: LSI Logic Corporation

I'm looking for a database of the  daily quotes of the major
stock indices. Is there any such PD database?

Thanks,
Doron

---
======================================================================
Doron Mintz                             Voice: (408) 433-8996
LSI Logic Corporation                   Fax  : (408) 433-6802
mintz@lsil.com
Newsgroups: misc.invest
From: masimo@netcom.com (Michael Maas)
Subject: Re: Real-Time Stock Quoters
Organization: Netcom - Online Communication Services (408 241-9760 guest)
Date: Fri, 2 Oct 1992 21:14:07 GMT

In article <2OCT199211500493@zeus.tamu.edu> rmo5292@zeus.tamu.edu (Dick O'Leary) writes:
>In article <1992Oct1.141738.2079@netcom.com>, masimo@netcom.com (Michael Maas) writes...
>>In article <1992Sep30.163328.1408@guvax.acc.georgetown.edu> jdiorio@guvax.acc.georgetown.edu writes:
>>>I need to view real-time quotes (15 minute 
>>>delay) continuously.  The only quoters I'm aware of are on Compuserve 
>>>but I'm not willing to pay that price.
>>     ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
>> 
>>You have got to be kidding.  For your 7.95 per month you get unlimited 15 
>>minute delayed quotes.  I don't think there is a better deal out there.
>> 
>>Mike
>
>Aren't there on-line charges as well?  For $12.95 month Prodigy does the same 
>thing.  For faster quotes there is a modem service that offers quotes at 
>$0.39/minute but that can add up in a hurry....
>
There are two basic quote services in Compuserver.  There are some minor
differences between the two, but I'm not sure exactly what they are other
than one costs 5 cents a quote and the other one is gratis.  Given that 
difference I simply use the one that is free.  I usually call and get 20
to 30 quotes anywhere from 6 to 20 times a day and although they are delayed
I pay nothing extra for them.  I have noticed that sometimes they don't
have a quote available though.  For instance I haven't been able to get
the ibm vo put to show up for the last two days.  I didn't try on the other
service, so I don't know if that had it available or not.

MIke
Xref: sparky misc.invest:12185 misc.entrepreneurs:2964
From: biow@cs.umd.edu (chris biow)
Newsgroups: misc.invest,misc.entrepreneurs
Subject: Re: Inventions upon demand
Date: 2 Oct 92 14:51:38 GMT
Followup-To: misc.invest
Organization: U of Maryland, Dept. of Computer Science, Coll. Pk., MD 20742

In article <BvGEn8.H7v@world.std.com> rsilver@world.std.com (Richard Silver) writes:

>We are an exceedingly productive group of professional inventors in
>the Boston area...
> [rest of long, stupid ad deleted]

>Dr. Richard Silver
>Box 548
>Lexington, MA 02173

Okay, folks, this is at least the third time this has been posted.
"Dr." Silver has been informed by e-mail of the inappropriateness 
of such advertising. Let 'im have it! (I leave it to your 
discretion to decide what "it" is. Keep it moral and legal.)


 

Newsgroups: misc.invest