![[Bytes Link logo]](../../../cgif/bytelnk2.gif)
Supervest
by By Ed Kerins, edkerins@netscape.net - February 22, 2001 at 15:25:08:
New members from the former CAI SIG were welcomed to the Supervest meeting.Bill Allen gave a presentation covering the nuances and problems involved with distributions from an IRA. He reported on the recent IRS rulings, which change and simplify the rules covering distributions when one reaches the age of 70 1/2. His handout included the new table for determining the minimal distribution incidental benefit. Website www.irahelp.com was recommended as a good source of information.
Irv Saunders passed out the “Three Steps & Stumble” and “Two Tumbles and a Jump” rules. The first rule suggests that after three successive rises in the Federal Reserve discount rate the stock market is likely to suffer a serious setback. The second rule suggest that after two reductions in the Federal Funds rate the stock market is likely to move upward after a prolonged setback in stock value.
Ed Kerins reported on the market forecasts made at the recent West Coast cycles group meeting.
Next Month—Bret Polopolus will report on a stock trade. Vic Awdeychuk will discuss his S&P chart.
![[------STRIPE-----]](../../../cgif/str1.gif){kind=small}
Site Disclaimer Suggestions? E-Mail to webmaster@noccc.org