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To: McNabb Brothers who wrote (59983)	9/2/1999 7:11:00 AM
From: pater tenebrarum	Read Replies (3) of 86076

Hank, margin debt stands at approximately $180bn., needless to say, that's a record high and a truly staggering sum. if the correlation depicted in these charts continues to hold sway, we will have scores of people jumping from buildings... once again, the Fed is indirectly responsible for the vast increase in margin debt that has occurred in recent years, by refusing to entertain the thought of raising margin requirements. anyone foolish enough to be long on margin in the most overvalued market of all time deserves however to be taught a lesson.

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