New Braunfels Herald Zeitung, December 6, 1987, Page 9

New Braunfels Herald Zeitung

December 06, 1987

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Issue date: Sunday, December 6, 1987

Pages available: 28

Previous edition: Friday, December 4, 1987

Next edition: Tuesday, December 8, 1987

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Publication name: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

Pages available: 312,158

Years available: 1952 - 2013

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All text in the New Braunfels Herald Zeitung December 6, 1987, Page 9.

New Braunfels Herald Zeitung (Newspaper) - December 6, 1987, New Braunfels, Texas Herald-Z&tung New Braunfels Texas Sunday. December 6 1967 Peg* 9A When does confidence return to the market? h»* fourth I uhs n ?95 E Mill focuses on computer 4SSiS?ej information management services (Photo by Dery Clarks The fourth dimension offers another dimension NEW YORK (AP) - After the flood they rebuild on the flood plain After the earthquake they reconstruct on the fault line After the lava has cooled they go back and erect their houses in the shadow of the volcano And now that the stock market has crashed will people return and rebuild their financial houses on what they can salvage from the debris'1 The record shows they will The question is when Among the questions small investors are asking If close to a trillion dollars of household assets can disappear in a flash is the stock market a safe place for the person of ordinary means"1 lf prices can fall so suddenly is it even possible for the small investor generally without a close relation ship with any broker to get out in time Is the marketplace a casino0 And if it isn t, why is it that relatively small amounts of gambling money can control and influence the price of enormous amounts of stock in the futures markets0 Wh> did such a catastrophic reversal occur" Is the randomness of opinion about stocks that makes it possible to match hovers and sellers destroyed for example bv concentrations of think alike mutual and pension fund portfolio managers0 What role did programmed and other automatic trading schemes play0 How has the globalization of the marketplace affected selling and buying patterns0 At least one answer has already been provided to small investors and that is that stocks are for investing, not trading The investor as opposed to trader, chooses on the basis of fundamentals, such as earnings, dividends, management and growth prospects He or she doesn t attempt to leverage through broker or other credit And they are patient The trader often ignores fundamentals and bets that momentum will carry stocks higher He or she seeks to maximize return by using credit They seek quick profits, and they are in trouble if those profits don t come quickly Ix>ng term investors can console themselves with the knowledge that their stocks are probably no lower now than they were at the beginning of the year And with the expectation that good stocks that fall eventually recover But before they add to their port folios small traders are likely to wait until they get the answers At a minimum thev will wait until the various commissions make their fin dings And some of them might never return That is it might take an entire new generation of investors before Wall Street recovers the allegiance of the small investor Knibbe Financial... ....Where There is never a Bad Time to Make a Good Investment. itvtll C. Jmmi fie* President •Unit Trust-Tax Free •Premier Low Load Mutual Funds Blue Chip Stock Funds High Yielding Government Funds Balanced Funds •IRA Accounts •Pension Plan •Stock •Bonds •erreN Setfcerger Ie vestment Seeker SIK •Annuities Knibbe Financial Group. Inc. 755 Loop 337 Suite D New Braunfels. Tx. 78130 (512) 625-5208 Mi the ttHirth and notary service’* also are featured ai cording to owner Betty Dillingham Hettv and husband syd live sn Mi X/ueeneV ipened I tex I at .x <*t‘**ratHwis wilt ie latest in high .g on computer on management F rh an* rd bv her first glimpse of the h*H.x« the fourth dimension *'■ .o» tta* a Her m. i sh** knew immediate v ,s ?na to its    this Aas the right place to relocate • •used the if    from Houston where she had been Braunfels    engaged in computing business ac ■f. it menu n    t v ny sun e . *m for more than three ■*    bv,tv ,j>    years having been editor    of the s    «’    • ’ • ■’•ti    lh ais ton Vle.t league of Pi    I xefs rn os( alter HNI Pi monthly pubiu altun Negotiations with owner Text Cohen » • I    •*    bv if cs    •*ere handled bv Bes x Miller    and Jan te sr-    ret ar la:    I.mer ut Ja> x • >h.nch Kraits    Inc We approve improvements. Blame for the collapse SLW YURK kl' When the im k market blew it” top or. (Vt 19 most ans penam or financial in-to* * if th* impact ur.-a was pep •r*-i Aith blame I -he .? vestment > - n triunity right a “ < * ex 'n’* ‘.I ' x lev eloping » ti j,•»,, v * put -*? the blame on « I e« ter at Reserve aret spec lf ica1 or t‘ hair rn an \ I an (* reensp an It. ■» it course c»iurd tie just a ole .etexert »sr ?*e,« au.se in v , .cid tm* it ut tonal members f Ut a* • omit units are obv musiv g«» *. ’ast a * u al of the blame nd ‘herefore are more than willing hex! awd Share * lh.* * pointing Ila finger at the •st '• * . ate a.    sugges mg a *tor and pap.a. explanation for .ha’ gf ted the fuse tai that grav « k der las Hr od Iv si v era. market anatexis a atle!'.' or. to ’N rise of interest ates engineered fix the I id shortly ♦•fore ffte i fasti One effect of this »as to rats** the return on taunts elative to that of cha * -h r realms that so far » an ta* ex •lamed only as some sort of •upttorta amateur ami professional nvextols alike fiat] continued to buy Cai push Up sn* k prtv es ah « .gaol cg bl hight I •« turn • taunts ll aas a st aal ion bound to ta* v or .-v bs! eventually Rut say the ritics the I tsi s j git let t mg of iOtwlary poll* >    «t> for* mg up of S interest rates compressed •fiat correl lion info a few days Fhr content Km seems reasonable enough ante v(..nj consider that the F rd has a loc more thing', to do than s.rnplv watch over the >t«* k market It was for example concerned w:th the aifTH*sf freefalling dollar and the consequent es of that to foreign rives:, rs «n I s set unties Without attractive interest rates s.)ave might have ta*er inclined to lump dollar <leiiommated assets some of the venom however seems ft have developed after the cr ash White at know (edging that the I ed at ted quickly to provide funds for stresses! «,•,* » market inditutHms dock analysts now say it di.ln t follow through Thev say liquidity has driest up again and recession threatens \n example Wright Investors service »mr tan only imp* arui whenever prat tic attle communis ate by letter wire or in tile put oh press that thr Federal Reserve wilt get the message Vs it is resent tightening or in adfiliate easing of monetary policy by the Federal Rewerve is threaten mg to knot k a slow mg I s ec onomy into ret ex*ton When all Wa* refxirfs are in you can b* sure that the investment com munitv will get the mayor portion of filanie for the trash Hut never unable to point the* finger elsewhere it is aiming right now at the Federal Reserve Mi ^    I ~~ h-— *    «wx IM) I INTERSYS, INC. COMPUTERS * Single User * Networks * Multiple User REPAIRS * Terminals ‘ Printers * Most Computers PROGRAMS * Popular Software * Custom Software Gift Certificates Financing Available Accessories 1533 Pat Booker D3 —I Universal City_ 659-5759 lake a guh k hulk annual your house Vial think about ail the things you ii like to improve Or expand Or lust make a little more comfortable I hen call id at NVN \ We ll proems vour loan mined promptlv Vial get von the money tad n«> you van Mart your protect right aw av Val mi at nVNV we re really big oil improvements Ue ofter coni|K*utive rate> Vial we van lend you the money tor a new tamilv room and fireplace Or a new gourmet kitchen Or landMaping Or a pool Or a root Or a fence Or a I his time you fill in what you want So instead of waiting and wondering call or visit your SVM office hniav Vial Mart a home improvement protect the whole family will approve sui Lamia New Braunfels Uvas 'hi VU - st J bJS-hUsl Mil \i ik MIK I Mv tugs Vvvk i a t it hi W W tv. Mc VlliMcr III I haimun \n Equal Opportunity Employer M I* An FquwJ Opportunity lender • Member KMM Make the holidays brighter, make a tax- deductible contribution to the Herald-Zeitung Cheer Fund to provide 200 families with Christmas dinner ;

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