HDTenEightyP/NetNews huggingface dataset:
From: bkottmann@falcon.aamrl.wpafb.af.mil (Brett Kottmann)
Newsgroups: misc.invest
Subject: Re: The end of media generated recession is close.
Date: 5 Oct 92 19:12:15 GMT
Followup-To: sci.econ
Organization: Logicon Technical Services, Inc.

In article <1992Oct05.003134.28445@rat.csc.calpoly.edu>, rteasdal@polyslo.csc.calpoly.edu (Rusty) writes:
> In article <sehari.718236805@vincent1.iastate.edu> sehari@iastate.edu (Babak Sehari) writes:
>>---
>>Even though, there are a lot of pessimism out there; however, I believe
>>no mater who wins the election, this media generated recession will be over
>>soon after the election.  People are sick and tired of hearing the negatively
>>presented news, and most people have stopped listening to the media. if major 
>>networks try still to push the negatively presented news, their rating would
>>go down the drain.
>>
> 
> 	Oh, goodness! _That's_ who is responsible for all those closed
> businesses I was driving by this afternoon - the media! Why, I should

	He's right.  The US has not been in a recession since early last year. 
But you'd never know it if all your info came from the [broadcast] media.  Bad
news sells.

> have guessed it from the very start. And here I'd been hoodwinked into
> thinking that it was something so mundane as a huge debt overhang from
> the Splurge Decades of the Eighties, when federal, state, local and
> individual debt loads all tripled. No, you're right, it must be Dan

	Sorry, the 80s were a time of great economic expansion.  No "greed", no
"borrow and spend".  Read _The Seven Fat Years_ if you're not willing to take
my word for it :).

	Followups to sci.econ, of course.

Brett--------------------------------------------------------------------------
	"Why the courts don't tell a husband who has been living off his wife
to go out and get a job is beyond my comprehension."--Joan Lunden
-------------------------------------------------------------------------------
From: ioguo@mars.lerc.nasa.gov (OA Guo)
Newsgroups: misc.invest
Subject: Re: New Treasury Bill Auction system
Date: 30 Sep 92 14:23:00 GMT
Organization: NASA Lewis Research Center
News-Software: VAX/VMS VNEWS 1.41

In article <BvB2H4.111@news.cso.uiuc.edu>, acheng@ncsa.uiuc.edu (Albert Cheng) writes...
> 
>In article <28SEP199211421627@mars.lerc.nasa.gov>, ioguo@mars.lerc.nasa.gov (OA Guo) writes:
>>	Suppose in a T-bill's auction government wanted to raise $100 millions
>>	of 1 year note with 3.75% interest, received the following bids.
>>
>>	Firm A:	3.5%	$40 millions
>>	Firm B: 3.75%	$40 millions
>>	Firm C: 4.0%	$50 millions
>>	Firm D: 4.25%	$30 millions
>>
>>	For the cueent system, Firm A gets $40M notes in 3.5% interest, 
>>	Firm B gets $40M notes in 3.75% interest, Firm C gets 
>>	remaining $20M notes for 4.0%, and Firm D gets nothing.
>>
>>	The new system prposed, will have same distribution to these firms,
>>	however, every get 4.0% notes.
> 
>Looks like the government pays more (+0.5% on $40M, +0.25% on $40M)
>on the new system.  Why?

     The primary motivation is to encourage more aggrassive bids.  And,
     maybe government will get a better deal.
> 
>>
>>	The real difference is on the strategy of bidding, since there is no
>>	penality on underbidding (on the interest) in the new system, you
>>	can go ahead and bid 0% and still get whatever the best rate in
>>	the final bids.  
> 
>What if I gang up with another firm say, ABC.  I bid $100 million at 3%
>(lower than everyone) and ABC bids 5% 50 million.  I got all $100
>million at 5%, split, uh, sell, $50 million to ABC.  Next time I switch
>roles with ABC.   So, we have jackup the interest rates and monopolized
>the market.  Or is this illegal?  Did Solomon Brothers try this?

    I am sure it is illegal.  But, actually, the offering amount is in
    general BEYOND REACH of normal companies.  Just last monday, Uncle Sam
    auctioned $20.4 Billion worth of new 3 & 6 month bills.
-----------------------------------------------------------------------------
OA Guo                        |My statement does not reflect NASA's point of
NASA - Lewis Research Center  |view.  Nor should NASA's statements reflect
Cleveland, Ohio               |my point of view.
From: coop@sybase.com (John Cooper)
Newsgroups: misc.invest
Subject: What if you don't have a new 401k in 60 days?
Date: 25 Sep 92 15:09:45 GMT
Reply-To: coop@sybase.com (John Cooper)
Distribution: usa
Organization: Sybase, Inc.

Concerning the various posts recently about the new tax withholding on 401k
payouts:

What happens if you change employers, but your new employer requires more than
60 days with the company before you can enter its 401k plan?  Or you quit or
are fired from an employer, and it takes more than 60 days to get a new job?
Does one have the option of simply leaving one's funds in the 401k of the
former employer?  I realize you can't contribute anything for awhile, but are
there any restrictions against the funds staying put and accumulating interest
and dividends?


--
John Cooper                               | My opinions, may not be employer's.
Sybase, Inc.                              |
                                          | "If you don't like the news go out
sybase!coop@sun.com                       | and make some of your own."
Newsgroups: misc.invest
From: DKAMERUD@cmsa.gmr.com
Newsgroups: misc.invest
Subject: Re: How Does One Select a Money Market Mutual Fund?
Date: 29 Sep 92 19:54:57 GMT
Article-I.D.: cmsa.16871D1C5.DKAMERUD
Organization: GM Research Labs

In article <1992Sep29.170558.20527@cbfsb.cb.att.com>
sbrenner@cbnewsb.cb.att.com (scott.d.brenner) writes:

>I'm in the process of moving most of the money in my checking accounts
>into money market mutual funds (I'll abbreviate as 'mmmf').
>  ...
>After the last call I made, I decided that maybe getting the yields
>from the funds themselves isn't the most objective way.
>
>So, is there a place I can get a current yield quote for all the
>funds that is calculated the same way for all funds?  Also, does
>anyone have any tips for selecting mmmf's other than looking at
>expense ratio and yield?

Wm.Donoghue's "Income & Safety Trends" has done all the work for you.
But rather than locating a library that subscribes to it, just buy a
copy of Money magazine.  I think they list 5 or 10 of the best performers
each month.  By eating much of its expense fee, Dreyfus Worldwide $ mmf has
made it onto that list in the past and has become a really big fund.  You
might limit your search to funds doing as well or better.  Also, newspapers
give mmf yields one day each week - or just buy a copy of Barrons.  You are
making too big a deal out of this.
Newsgroups: misc.invest
Subject: Re: investing for November elections
From: bakken@cs.arizona.edu (Dave Bakken)
Date: 3 Oct 92 05:08:37 GMT
Organization: U of Arizona CS Dept, Tucson

In article <lcphoqINN3ub@exodus.Eng.Sun.COM> tut@cairo.Eng.Sun.COM (Bill "Bill" Tuthill) writes:
>Polls indicate that Perot's re-entering the campaign will help Clinton
>more than Bush, especially for the Texas block of electoral votes.  So
>barring some surprise, let's assume a Clinton victory.  What are the
>investment implications?

I don't think that's a good assumption.

Recall that Clinton was not ahead of Bush until Perot
joined the race and shook things up.  Perot's entrance, plus the
upcoming debates and TV ads, could easily swing things away from
Clinton and allow Bush to win.  Ditto for another bimbo eruption.

Going along with your assumption, though...

>Clinton has already promised to raise taxes on incomes > $200k, so we
>can assume tax-advantaged investments will be more valuable.

I don't think that's a good assumption.

Since he is talking about soaking the rich, he may take away many
tax-advantaged investments.  This is particularly true in this
time of tight budgets.

>In the Lincoln Savings scandal, and in his recent efforts to lower rates
>no matter what the effect on the dollar, Greenspan has shown himself to
>be a political hack.  Does he hate Clinton enough to destroy the economy
>before he gets replaced in 1994?

Um, keeping rates low is supposed to help the economy.  Since we only
import a small amount of our GDP (I think its around 8%) a weak dollar
doesn't hurt us much and makes our goods more competitive.  So how
is this different from what any other Fed board would do in a similar
long recession?

And I think that any moves the Fed made that were out of line with
what other central banks generally do would be pretty obvious and
thus counterproductive towards said hypothesized malicious intent.

But if the economy goes down the tubes before the end of a Clinton
first term it'll be Greenspan's fault, right?  ;-}

>Also, a post-election banking "surprise" with a spate of bank failures is
>a distinct possibility.  Both factors put pressure on the market in the
>November-December timeframe.  Maybe a few OEX January put options?

This is one I like, because I think that a Clinton administration
will make our national debt go out of sight and I do wonder about
the banking surprise rumors.  But I don't know that it would 
be clear that the sky was falling by January.  That's the
perrenial problem with options (and even shorting, to a lesser
extent): you're probably right, but it will probably take everyone
else too long to realize it for you to make money.
--
Dave Bakken                               Internet: bakken@cs.arizona.edu
Dept. of Computer Science; U of Arizona   Voice:    +1 602 621 4098      
Tucson, AZ 85721; USA                     FAX:      +1 602 621 4246
The fact that you're paranoid doesn't prove they're *not* out to get you.
Newsgroups: misc.invest
From: rolfer@leonardo.src.honeywell.com (Tom Rolfer 7342)
Subject: Rocky Mountain Securities
Reply-To: rolfer@leonardo.src.honeywell.com
Organization: Honeywell Systems and Research Center
Date: Mon, 5 Oct 1992 15:17:04 GMT

Has anyone out there ever dealt with Rocky Mountain Securities  
before?  I would appreciate any info good or bad about them.

thankyou,

Tom Rolfer

Honeywell Systems 
and Research Center
Newsgroups: misc.invest
From: lcd@ais.org (Leon Dent)
Subject: Re: Optionable Stock List
Organization: UMCC
Distribution: usa
Date: Thu, 1 Oct 1992 22:38:26 GMT



Or, take the intro subscription to Daily Graphs for Options.  Look in
Wall Street J. or Barrons or Daily Investor for an ad.

Leon Dent
lcd@ais.org

Newsgroups: misc.invest
From: rion@Ingres.COM (Rion Cassidy (x3357) OGT)
Subject: Re: Are we nearing another stock market crash?
Reply-To: rion@Ingres.COM 
Organization: Ask Computer Systems Inc., Ingres Division, Alameda CA 94501
Distribution: na
Date: 28 Sep 92 23:47:14 GMT

In article <x+!pn2f.sbale@netcom.com> sbale@netcom.com (Swamy S. Bale) writes:
>Hi everybody,
>
>Many stocks are overpriced, leading economic indicators are negetive,
>Bio-tech and Auto stocks are flat, DJIA is at its highest level(though not near
>3400).
>
>Is that mean we are heading towards another crash?
>
>I was reading Martin Zweig's interview in some magazine. He said 
>despite his indicators are negetive, the stock market won't crash.
>The only reason he has, is low interest rates. He thinks, because of
>low interest, investors are looking different arena like stocks and
>bonds. 
>
It seems to me that there was a big concern about computerized trading
back in the '87 crash and the steps were taken to prevent a similar
situation from ever arising.  I don't know the specifics, but I was
given the impression that there might be downturns, but never such
huge one day losses ever again.  Any comments?

Rion


Newsgroups: misc.invest
From: salim@tigger.cs.Colorado.EDU (Salim Alam)
Subject: Re: Is This A SCAM?
Organization: University of Colorado, Boulder
Date: Wed, 30 Sep 1992 20:03:14 GMT

In article <1992Sep28.040008.15658@unocal.com> stgprao@st.unocal.COM (Richard Ottolini) writes:
>In article <1992Sep27.010437.17990@gn.ecn.purdue.edu> grasmeye@gn.ecn.purdue.edu (Joel M. Grasmeyer) writes:
>>I just received two promotional offers from American Clearinghouse and a
>>company called Mastercare International, Inc.  They offer a "guarantee" of 
>>receiving one of four prizes--a car, a TV, a vacation package, or $5,000.
>>In turn, I am "asked" to try some cleaning products or a water filtration
>>system.  Are either of these offers valid?  Are the companies themselves valid?
>>Are there any laws governing these companies, or requiring them to come through
>>with the prize?  What sources could I use to research the validity of these 
>>offers?
>
>YES.  A very common one.  Frequently mentioned on consumer radio talk shows.
>You will win prize #3- some highly restrictive vacation trip coupons.  With
>these coupons you end up paying a couple times what you could arrange
>yourself.

It ALWAYS surprises me how easy it is for people to let _greed_ override
their normal thought processes.  For example, one of my friends paid
over $300 buying some vitamins because the company "guaranteed" him
one of four prizes --- of COURSE he didnt win that car!  His rationale
was that even if he didnt win anything, the 3 years vitamin supply
was a good deal..  I saw him recently after a year, and needless to
say, the vitamins had gotten thrown away.

Isn't it obvious that companies cannot AFFORD to give anything major away?  
They're in the business to MAKE money.  This is even worse than gambling,
where at least in some games the odds are even.

-Salim

-- 
Salim Alam. CS Graduate Student{} "New processes are created by other
University of Colorado, Boulder{}  processes, just like new humans" - Nemeth
INTERNET: salim@cs.colorado.edu{}  et al, Unix System Administration Handbook.
Newsgroups: misc.invest
From: Brian.Chan@bbs.oit.unc.edu (Brian Chan)
Subject: ESOP
Organization: Extended Bulletin Board Service
Distribution: usa
Date: Fri, 2 Oct 1992 22:58:44 GMT


I asked a question regarding selling stocks purchased thru' ESOP. I have
received many answers and questions. Thanks to all the ones who
responded. I am sorry I am in  a rush  here finishing work before i leave 
for a vacation in Denmark and Sweden. I will get back to each of you
when I get back in two weeks. 

Thx again for your patience,

brian
Stuttgart, Germany


--
   The opinions expressed are not necessarily those of the University of
     North Carolina at Chapel Hill, the Campus Office for Information
        Technology, or the Experimental Bulletin Board Service.
           internet:  bbs.oit.unc.edu or 152.2.22.80
Newsgroups: misc.invest
From: ff76@vaxb.acs.unt.edu
Subject: Re: Investing in India (Was: Re: U.S. Bail Out!)
Organization: University of North Texas
Date: Sat, 26 Sep 1992 05:52:54 GMT

In article <1992Sep22.173515.29142@odin.corp.sgi.com>, as@sgi.com 
(Ashmeet Sidana) writes:
> ajayshah@almaak.usc.edu (Ajay Shah) writes:
> 
>    >>>GCTHORNE@idbsu.idbsu.edu (Broward Horne) writes:
>    >>>in Tazhikistan.  Actually you could probably set yourself
>    >>>up pretty well with $200k someplace like India.  But is it
>    >>>worth it if you don't have roots there?
>    >
>    >What is the conventional wisdom on the Bombay index like?
>    >
>    >IMHO it's a very good alternative.  Highly uncorrelated from the NYSE
>    >for sure, and likely to grow very well in the next ten years.
> 
> Sure to grow well in Rupees, but also in dollars?
> 
>    >The average annual returns over the last decade (including ~ 3 crashes)
>    >are 15-20% or so?
> 
> But those are Rupee gains. If you figure that in the last 10 years
> the Rupee has gone from ~ Rs.10/$ to Rs.30/$ those gains vanish.
> 
DEAD WRONG!  The YTD gains of the India Growth Fund listed on the NYSE is
slightly under 19%.  In this year of stock market inertia, that is not simply
good, it is outstanding.


> Of course, if you are living in India its different.
These are irrelevant arguments.  The logic of investing in developing economies
does not fret a whole lot about the current absolute standard of living in the
economy.  It is the rate of growth that is of interest.  Many shrewd (lucky?)
investors have made fortunes in the Mexican, Brazilian, Malaysian, and very
recently, the Hong Kong stock markets.  These markets at one time or another
have evinced rates of growth that have dwarfed contemporaneous DJIA growth
rates.  Succesful money managers have been able to guess the timings better
than others.  (Of course, many have lost their shirts, as folks do from time to
time in almost all stock markets.  If you were invested in the Italian market
this year, for instance, you are probably not in a very good mood . . .)

 
> Actually in answer to the original question - I think one could maintain
> a very good lifestyle with $200K invested.
> 
> 
Th

> ---Ashmeet Sidana
> 
> Note1: All interest from dollar accounts is tax-free.
> 
> Note2: I believe some of these accounts can be opened only by
>        NRI's ("Non-Resident Indians". I do not know what the criteria
>        for being a NRI is so everybody may not be able to open
>        these accounts.
Newsgroups: misc.invest
From: goykhman_a@apollo.hp.com (Alex Goykhman)
Subject: Re:  Effects of the U.S. Debt
Date: Tue, 6 Oct 1992 21:39:23 GMT
Organization: Hewlett-Packard Company, Chelmsford, MA

In article <1992Oct4.154044.18764@scott.skidmore.edu> pvonk@scott.skidmore.edu (Pierre VonKaenel) writes:
>In article <1992Oct2.052830.3539@cs.sfu.ca> mcdonald@cs.sfu.ca (Ken Mcdonald) writes:
>>
>>
>>Personally, I favour a really agressive inheritance tax.  The first
>>$200,000 tax-free, the next $300,000 taxed at 20%, the next $500,000
>>at 35%, and so forth.  Anything over $10,000,000 to be taxed at
>>90-95%.  The children of the wealthy will still be able to lead
>>comfortable lives on the money they inherit, the danger of an inherited
>
>There are people with lots of money "on paper" who are actually poor!
>Take the family farm.  A farmer may be sitting on $600,000 worth of
>land, but his income is relatively poor (farm returns, in grain
>farming, are about 2-4% - we won't talk about the chances of a crop
>kill).  If the kids want to continue after the old man passes away, a
>tax could wipe them out - forcing them to sell part of the land, and
>what's left isn't worth the farming expenses.  As long as the land is
>kept, they aren't "rich".  It only looks that way on paper.

    Imagine somebody having $600,000 in the bank and earning 1%
    or $6,000 after inflation.  Now, suppose this person decides
    to conserve the principal and live on the $6,000 a year. 
    Would you say this person is "poor" except on paper?  Ditto for 
    the farmer.  BTW, the average farmer in this country is worth 
    about $300,000.


-- 
-----------------------------------------------------------------------------------
Disclaimer: all opinions are mine.
-----------------------------------------------------------------------------------
Newsgroups: misc.invest
From: nfs@hart (Norbert Schlenker)
Subject: Re: The end of media generated recession is close.
Organization: Princeton University, Dept. of Computer Science
Date: Mon, 5 Oct 1992 13:58:11 GMT

In article <sehari.718236805@vincent1.iastate.edu> sehari@iastate.edu (Babak Sehari) writes:
>Therefore, we should expect a huge market gain next year.  However, the 
>question is when does it start this time. Second half of Dec. or sometime
>in Nov.?  My own opinion is this time market start to pick up earlier, due
>to huge short volume out there and the fact that most money managers are
>out of market now, and have huge cash holdings.
>
>What is your opinion?  Where is the best place to put money to get the most
>out of this up turn?

You must be reinvesting your huge profits from your gold investments
earlier this year. ;-)

Norbert
nfs@cs.princeton.edu
From: ganesh@madras.sybase.com (Ganesh Sundaresan)
Newsgroups: misc.invest
Subject: Re: New Treasury Bill Auction system
Date: 30 Sep 92 18:22:29 GMT
Organization: Sybase, Inc.


|>      Borrowing the numbers from the above examples, all bids 
|> will be filled at the best price (lowest discount). As to why 
|> this will encourage more active participation, I am not clear.

 Me, neither. 

 There must be more to this than meets the eye. If I'm going to
 get the same deal as everyone else regardless of how aggressively
 I bid, where's the incentive to bid at all? 

 Seems to me this new system encourages passive bidding and discourages
 active bidding. What happens when the amount offered via passive bids 
 exceeds the Treasury's funding requirements? How do they set the rate?

 - Ganesh.
Newsgroups: misc.invest
From: casley@Tarski.Stanford.EDU (Ross Casley)
Subject: Re: Uptick......
Organization: Computer Science Department, Stanford University
Distribution: usa
Date: Sat, 3 Oct 1992 06:36:51 GMT

In article <9210021746.AA03332@bart.ssdc.honeywell.com> "Mansoor Ahmed"
<mansoor@orion.ssdc.honeywell.com> writes:
>
>Could someone explain the uptick rule on the NYSE to me please.
>

You cannot sell a stock short unless the price is higher than the previous
trade in that stock.  (That is, unless the price is moving up, at least
for one trade.  That's called an uptick.)  This is supposed to stop short
sellers making too much out of a free fall in prices.

-Ross



Newsgroups: misc.invest
From: pardo@src.dec.com (Phil Pardo)
Subject: Questions regarding Lease Option and Contingent Sales for Purchase
Organization: DEC Systems Research Center
Date: Sat, 3 Oct 92 02:52:15 GMT




I am a novice to both the Lease Option trade and the purchase of a home
on a contingent sale.

Can someone who has knowledge of both in the Santa Clara Valley and 
Monterey penninsula share some wisdom and things to watchout for as 
well as the common pitfalls...?

Thanks in advance.

					--Phil
From: sasha@ra.cs.umb.edu (Alexander Chislenko)
Newsgroups: misc.invest
Subject: Re: Buying options - what's the price?
Date: 27 Sep 92 05:28:45 GMT
Distribution: usa
Organization: University of Massachusetts at Boston, Dept of Math and CS
  
  The message with my original question somehow lost all its lines except one.
  Also, what is the procedure for setting the prices, how often is it done,

Alex.
Newsgroups: misc.invest