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Strategies & Market Trends : Sonki's Links List -- Ignore unavailable to you. Want to Upgrade?

To: Sonki who wrote (20)	11/3/1997 3:17:00 AM
From: Sonki	Read Replies (1) \| Respond to of 395

oct 31.. market summary. the week of 500pt. drop Market Snapshot 30-yr. bond -2/32 to yield 6.15% Hong Kong +2 1/2%, Tokyo +1/2%, Europe near flat Q3 GDP +3.5%, Deflator +1.4% Sentiment driven market NYSE: Nasdaq: Advancers Decliners Volume 2081 861 634 mln Advancers Decliners Volume 2933 1617 710 mln Sector Watch Tech Tape Strong: banks, tobacco; health care; computers; retail; brokerage Weak: papers; gold; HMOs; auto; publishing CPQ DELL IBM SUNW AOL +2 5/8 +2 1/8 +2 9/16 +1 3/8 +1 5/16 MSFT NSCP ORCL INTC MU +1 3/8 -1/8 +2 1/32 +1 1/4 +1 5/8 AMAT CSCO WDC LU +1 7/16 +2 3/32 +9/16 +1 1/16 After the Close: Total decline for the week on the major averages: Dow -3.50%; Nasdaq -3.50%; S&P 500 -2.87%; and the Russell 2000 -3.20%... And where they stand on a YTD basis: Dow +15.41%; Nasdaq +23.44%; S&P +23.47%; Russell 2000 +19.48%. Close Dow +60.41 at 7442.08, Nasdaq +23.19 at 1593.60, S&P +10.92 at 914.62.: Another October has come and gone, and this one certainly lived up to expectations... During the month, the Dow recorded its biggest one-day point decline in history (554), and then followed up that performance with its largest one-day point gain ever (337)... The latter occurred amidst record volume as more than one billion shares were traded on the NYSE for the first time in the history of the exchange... That same day, the Nasdaq also topped one billion shares in volume, and ended with its largest ever point gain (68)... If nothing else, October certainly proved exciting, and disturbing, as currency concerns in Hong Kong and Latin America reverberated throughout the global economy, and triggered a wave of selling interest in equity markets around the world as investors expressed concern over the prospects of slower profit gowth... In the process, these concerns also cast light on the lofty valuations at which many companies were trading, and as a result, profit taking hit on all fronts... Today, however, was a different story as the U.S. market finished October on a positive note thanks to a rebound in the tech sector and a GDP report that showed faster than expected growth amid a backdrop of low inflation... As such, investors found comfort in the idea that our strong economy would help offset an economic slowdown abroad... Buying interest was widespread, but focused largely on technology issues which have been perceived by many as offering the best "bargains" in the market in light of the recent sell off... Also providing some leadership today were the financial, retail, health care, and tobacco stocks... Breadth favored advancers 2081 to 861 on NYSE volume of 634 mln shares... On the Nasdaq, advancers beat decliners 2933 to 1617 on volume of 710 mln shares... DJTA +39.63... DJUA +1.26... SOX +9.35... CRB -0.52.

To: Sonki who wrote (20)	1/4/1998 3:52:00 PM
From: Sonki	Read Replies (1) \| Respond to of 395

ROTH: You have to reduced your agi to less then 95k single or 150 married. your profits can be realized over a period of 4 years if you convert to ROTH in 98. i.e. first set of tax due april 99. if u convert in 99 u pay all taxes in one year. i only opened the account and deposited 2k for 98 that's it. i m not doing conversion till the end of the year till i learn more details. idea was to be ready with an open account. so if the market corrects heavily, i be ready to move. CAN SOME ONE PLS. TELL ME WHAT HAPPENS IF UR IRA GOES ABOVE 600K IN YOUR LIFE TIME. TAX TO BENEFICIARY. also read the post linked to this one for more roth info...