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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.63+0.4%Nov 19 4:00 PM EST
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To: Haim R. Branisteanu who wrote (19722)7/8/1999 9:56:00 PM
From: Monty Lenard  Read Replies (1) of 99985
 
use surpluses in the pension funds to increase earnings

I just ran across something is the last few days concerning this. It had to do with IBM and some others changing their pension plans that just recently. I do remember for sure that it was a rip off and they were going to be heavily OVERFUNDED when the change was made. People just do not realize how they can cook the books. I remember a few years ago the only way IBM managed to remain profitable was through selling idle fixed assets.

I agree with you and don't blame you. Except for a little in mutual funds(most of my mutual funds are in the US Treasury Money Market account within the fund...I won't even put it in the funds regular MM fund) all I am doing is some position(swing) and day trading. Otherwise I am all cash. Now I have been wrong for a long time by doing that but you know .... that interest does look nice every month. Always a plus on the statement.

the usual scambag type that in previous generation sold Miracle Drugs or the nearby Town Bridge

LOL...You got that right. Heck all they do is push what the home office tells them to push. Learned that the hard way a long time ago.
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