Word: investors
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Dates: during 1980-1989
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...investor in municipal bonds, it was long thought, also had to own a winter home in Palm Beach and play polo in his spare time. Only the very rich, the reasoning went, would invest their money at low rates in order to receive tax-free interest. However, as inflation has pushed more and more middle-class Americans into higher tax brackets, there has been a growing curiosity about these complex securities. Bond Salesman James Lebenthal has spent ten years trying to raise the public consciousness about municipal bonds, and has gone about the task in an unorthodox way. Instead...
...investor who obviously thought he saw a good deal coming was Ronald Reagan. No sooner had he unveiled the new program in an Oval Office ceremony than he whipped out a pen and signed up for regular purchases of the bonds under the White House's payroll savings plan...
...Only one investor actually surfaced between March and last week's shutdown order: Peter Kalikow, a New York real estate executive. But Kalikow's terms were unacceptable to the British receivers. He wanted still more government financing over the next four years. Finally, the British set a deadline of 10 p.m. on Monday of last week. They now say that $17 million was the minimum amount needed to get the plant operating again...
...Iowa (pop. 6,800), Stockbroker Winfield Mayne's customers are keeping him busy twelve hours a day with requests for tips and quotes. Says he: "I think the more sophisticated investor here knows he missed the first run-up in August, and he doesn't want to miss this one too." Says C. Derek Anderson, president of his own discount brokerage in San Francisco: "Most definitely the little guy has come back into the market...
Trading in 100-share blocks on the New York Stock Exchange, one frequently used measure of small-investor activity, accounted for 10.5% of all orders in April 1973, but by last August it had slid to 1.7%, a historic low. In September, however, small-block trading turned significantly upward for the first time in more than two years...