Cedar Rapids Gazette, August 12, 1974, Page 4

Cedar Rapids Gazette

August 12, 1974

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Issue date: Monday, August 12, 1974

Pages available: 52

Previous edition: Sunday, August 11, 1974

Next edition: Tuesday, August 13, 1974

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Publication name: Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

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Years available: 1932 - 2016

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All text in the Cedar Rapids Gazette August 12, 1974, Page 4.

Cedar Rapids Gazette (Newspaper) - August 12, 1974, Cedar Rapids, Iowa J The Cedar Rapids Gazette: Man Aug 12, 1974 I |nmt«r’$ Quid* Q — Are yau aware of stud ies which help in limiting stock market losses? Ive heard of formulas which dictate a sale after the Dow falls a certain percentage (l'i1^ percent) from its high and indicate a purchase when the average recovers the same percentage from a low. I suppose there are any number of variations on this plan. A — Let me first give you a blanket answer. If any — any — formula worked IOO percent, or even 75 percent of the time it would attract so wide a following that it would become worthless. Let’s assume it became demonstrably certain that a market index falling from, say, 850 would become a sale once it approached 839. How many “savvy” traders would wait for the index to hit 839 .‘18 (the 12l£ percent decline point) before dumping their stocks? Conversely, if a market index rose from 825 — a market “bottom” — how many traders would wait until it reached 835.31 before beginning to buy stock? You must remember that any formula which becomes too successful must contain the seeds of its own destruction. (If everybody decided to keep their cars in the garage on Sunday and. instead , go to the beach on Tuesdays — in order to avoid heavy traffic. . . •) Further complications:    If you go back any length of time over the market charts you will find many instances where a sale after a IO percent or 15 percent market decline represented a sell-out at the bottom and failure to share in the subsequent advance. You will also find many instances where a purchase after a IO or 15 percent recovery from a low only served to get you into the market at a high price and at the beginning of another decline. Further complications II. You can’t buy the Dow-Jones or the Standard and Poor’s or any other average. Fortunes have been made in individual stocks which have risen while the general market was easing or going nowhere. Sam Shulsky Further complications III A “bottom” or a “high” becomes crystal clear only after the fact. We have had a lot of “bottoms” established in recent months which led only to new and lower “bottoms.” I know this is a negative ipproach and I apologize for it. I do admit that formulas are used by experts and often successfully, but — they are used in conjunction with other signs and portents and always against the background of years of experience. I don’t mean to pooh-pooh all chartist or fundamentalist rules and theories and formulas. Far from it. I just don’t want any reader to be left with the impression that if he blindly follows any single specific formula he will land on Easy Street. Is there any relation be ween the stock and bond av- ‘rages? A — It was once a popular narket maxim that the prices if high-grade    bonds and tucks moved    in opposite lirections. In recent years, teadily rising interest rates lave depressed    bond prices. md runaway inflation, un* avorable balances of trade, weakness in the dollar, politi-al upheavals and fears and ncertainty over the future of business have depressed stin k rices too. It    “ain t” the lassie answer, but there it is. Proxy Statement: Information which the SEL requires must be submitted to share- / holders as a prerequisite to reeking their votes for a meet- j mg. Often these statements ) are carelessly thrown aside by ' investors even though they I contain information (salaries, j stockholdings of officers and directors, etc.) which many investors indicate they would ( like to have. More than ti,500 caves have been discovereu in Greece, IOO ) of which are considered to Im* j of scientific and tourist inter- I est. 3rd Annual Biggybank Bike Races Sunday, August 18th Bever Park You re all invited to see one of America's fastest growing sports ... Bicycle Racing. See some of the American Bicycle League s top racers in action on the tough 8/10 mile Bever Park course. Also watch your friends and neighbors as they compete for ribbons and trophies in the public races. Sunday afternoon. Fill out an Entry Form and join the tun yourself. Free T-shirts for riders under 7. Free bike flags for riders 7 and older ... it s for kids and adults alike. A great way to spend a Sunday. PUBLIC RACE SCHEDULE Bush League Cookies Hotdogs Unicycles Young Adults Adults Jet Set ABL RACE SCHEDULE 1:00 p.m. 200 yards 2-6 (Separate races 1:30 p.m. 1 Lap 7-10 2:00 p.m. 2 Laps 11-13 2:20 p.m. As far as possible All Ages 2:45 p m. 4 Laps 14-17 3:15 p.m. 6 Laps 18-25 3:40 p.m. 3 Laps 26 and up 8:00 a m. 8:15 a m. 8:30 a.m. 15 miles 9:15 a.m. 25 miles 10:30 a.m. 30 miles 2 miles Midget Race 4 miles Intermediate Race Women, Junior Men & Veteran Men Race Senior Men Race<Class III) Senior Men Race (Class I & ll) Merchants National Bank iii Cedar Rapids. Iowa 52401 A BANKS OF IOWA' BANK OFFICIAL ENTRY AND ATHLETE’S RELEASE (NON ABL RACE) REGISTRATION — This form must be mailed to Merchants National Bank or presented to the official s table not later than one hour prior to your event to receive your numbers. ENTRIES WILL NOT BE ACCEPTED UNLESS ON AN OFFICIAL ENTRY FORM In submitting this form for the event below, I do hereby for myself, my heirs, executors and administrators waive, release and forever discharge any and all rights and claims, for or to be, for which I may have or which may hereafter accrue to me against the Mercants National Bank, The Amateur Bicycle League of America. Inc., for the City of Cedar Rapids, and/or any other persons connected with the event individually or collectively, from all responsibilities for any injury to persons during this event. PLEASE ENTER ME IN THE_RACE    AGE_ NAME__ ADDRESS (Street)__ I have a single speed bike (City) _ □ I have a multi-speed bike (State)  _ SIGNATURE OF CONTESTANT ___ SIGNATURE OF PARENT (if under 18)_____ No printed signatures will be accepted. Minors (und^r 18) must have parents or guardian's signature Entry will be refused if not properly signed 1 ;

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