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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who started this subject	10/6/2000 8:09:12 PM
From: Stcgg	Read Replies (2) of 436258

Fleck Says A Crash is Likely Next Week - Excerpt from his evening commentary.. "I heard stories that margin calls were being sent out, which may have an impact on Monday. Given the drubbing of late and the fact that we've only seen a small drop in total margin debt, it would not be even slightly surprising if this ends up being confirmed. Once again we've had weak prices across a broad front and margin debt is still quite high, as is consumer installment debt. A lot of key stocks in a lot of portfolios have been hit rather dramatically. As I mentioned earlier in the week, a decline like this has all the look of something that could get even uglier and almost certainly can only end in violent panic selling, something we have not seen yet. So far, believe it or not, the selling has been pretty orderly. Next week will be most interesting as the earnings reports start to come in -- along with some warnings, I would expect." siliconinvestor.com >><<

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