European Stars And Stripes (Newspaper) - January 11, 1981, Darmstadt, Hesse                                Page 16 the stars and stripes january 1981 Granville scared the pants off the Mart by Frank Slusser up business writer new York up flamboyant forecaster Joseph known to take his pants off while giving a seminar became a household name last week when he told clients to sell every and those Stock investors who held on lost their the Granville slide was the highlight of a losing week that featured the heaviest trading in new York Stock Exchange his it certainly was one of the wildest five sessions on the immediate future promises less sex uncertainties As Ronald Reagan prepares to be sworn in As the nations 40th president could keep some investors on the the Dow Jones Industrial average Rose Points to the first two Days of the lost Points the next two sessions and finished with an Overall loss of Points at it gained Points a week the closely watched average plunged Points wednesday after a technical analyst the weekend recommended did an about face tuesday advising clients to sell be cause other indicators didst follow the Dow that Selloff was accompanied by a big Board turnover of the heaviest volume for the week totalled a record compared with the week before and in the same week a year the new York Stock Exchange Index lost to and Standard poors funds new York Seq old inc following it a or for my inv of bid and inv for Bond group prices on z so cd funds As quoted z Cap z cd the Nash Mutual z saves spell z do f bal ser for or bid up str bos sex or Deb funds c inc Gro ind comp by s cd comp cd Concord Cap cd cd Conn Elv inc Roe funds cd cd inc mid cd cd inc shr us ii comb in Al Nancy cons inv Gro in san go t Pac trn sex Conyl in opt inv con lev c sep Goth Delaware Salt Gro Decatur Sec Era Man Delch f ind Hor g Tif a for in Del f Cap Delta t Tec inv Dref up i freq Dodg bal Goth cd inc f Dodge a la 1 sys c g or Burh inc Cal Dreyfus a part a a Bonds his tort dry cd 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f Ledr f to technical do to exam Sec Genf today hit Wall inv is Incon Pittee labor concerned about productivity Washington a labor leaders Are expressing concern about declining manufacturing saying the government must discard thoughts of simply Leav ing industries to survive among the fittest in a free at a seminar Friday growing out of the of Lucios Call for government action to inject new life into deteriorating federation president Lane Kirkland and others lamented the nations lagging economic growth compared to that of Japan and Western we have to face the fact that this recession for a number of industries is not going to said Howard head of the Industrial Union 500 Stock Index shed to de Clines topped advances to 965 among the issues a 57yearold Holly issued his sell recommendation tuesday night to subscribers to his Telephone Alert 48 hours after advising them by letter to buy every thing in at the same his Mai Only clients got the sell warning Only when it hit Wall i had a duty to my customers to Issue that sell said who once took off his pants in front of an audience to show a pair of undershirts with Stock quotations printed on despite complaints that Granville precipitated the heavy most analysts agreed that the Market was primed for Retreat because of a Strong rally the past few composite volume of nose issues listed on All exchanges and Over the counter totalled a record compared with traded the week a Dow average was the most Active nose off 1 to a Winner a week was off 2 to the Stock had popular As a defense oils and related leaders in the 1980 were hard hit by profit Tak the third most Active lost 3 to Mobil lost 3 to Gulf Oil to Getty 7 to Ohio Stan Dard 5vi to Exxon 3 to Cali fornia Standard 4 to Indiana Stan Dard 4vi to Superior Oil 2 to cities service 4 to and Secco 10 to Tel Edyne plunged 19 to the conglomerate has reached a tentative agreement with the securities and Exchange commission Over advertising of Tel Dynes water Pik tooth cleaning de global Marine lost 9w to after Robert the company founder and resigned to devote More time to personal Buffalo forge gained to 26 in the Wake of Amoco Pittsburgh recent share takeover Buffalo forge executives opposed the on the american Stock the Market value Index plunged to declines topped 479 to among the 943 issues volume totalled com pared with the week before and traded during the same period last Houston Oil minerals was the most Active amex off 3 to Ranger off 1 to and Gulf Oil of Cana off 1 to the National association of securities dealers Nash a Index of oct issues dropped to investors guide by William Doyle a broker offered to get me some Tennessee Valley authority Bonds at to seems like a High rate of Are Tva Bonds tax exempt the interest an investor receives from Tva Bonds is subject to Federal income it is subject to state or local income Stock pulse by United press International copyright 1981 1981 nose composite most actives by volume Stock div Citicorp War la Hobart sea serv uni local Ltd corp a Texaco Burl no Kmart Pittston vol close earns 23 15 41 18 45 61 19ft be old nose composite largest net changes Stock close Choe earns be old o k cup 6ft s Texas let co 40 4vfe sup of 192 3ft data Point c 110 3v Zale up 30ft 2 War la 23 a of Nap 25 2 Daniel 48 2ft Bausal 2ft Chi mlle up 32 2 amex composite most actives by volume Stock Houston Champ he Ranger Oil Vernl trn Gulf cd Surpone tie comm Osburne Donal it sol tron Dev vol close earns be old 50 s 1 19 58 21 14 amex composite largest net Stock Forest Kirby Ransburg Belmont Stephen Alcoa of Moog b get Lech dome Petro co dec up labs exper Oil cd 3 close Cage earns be old 36ft 135 30ft 50 31 32 31 43 61 20ft 3 3 2 2 1 1ft 1 1 m 1 of be Price to ratio old dividend yield de deficit Sefc Yod in Stock earnings latest 12 unaudited i know youre not excited about but my Cousin suggests i look into a single Premium deferred annuity he says that Type of annuity increases its accrual rate when interest goes up and the commission is he adds that salesmen dont push this Type of because of the Low com what can you Tell me about this a single Premium deferred annuity does have certain tax you dont pay income taxes on the accrual until you Start even theres no tax until after you have withdrawn an amount equal to the Money you have paid most such annuities do raise their accrual when interest rates in general go up As Well they to stay com but those accrual rates Are Gener ally below what is available its just not that salespeople dont push such Many insurance salespeople and brokers constantly beat the Drums for single re mum deferred annuities because they do collect fat commissions on i am a Bachelor and in a rather High income tax my company recently discontinued its pension plan and distributed to each employee the Money the company bad plus inter i received approximately i want to Roll Over this Money into a special individual retirement account what Type of Ira investment would be Best for me As a Young person with 32 years to go before Normal retirement a Good move for you would be to put the Money into a growth investment something will grow in value to make your retirement More considering the amount of Money in a Good Choice would be a Mutual fund investing in growth look at the no Load Mutual funds those on which no commission is charged and which have Good records of past perform spend a few hours in the financial refer ence Section of a Public studying Wiesenberger investment companies service and other financial manuals which list the records of Mutual