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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Jacob Snyder who wrote (30111)	10/17/1999 12:53:00 AM
From: TWICK	Read Replies (2) of 99985

At this point, I'm not sure there is anything the Fed can do without causing a lot of pain He could have raised the margin requirements in 1997, or 1998, before the speculation and bubble really started to get out of control. He had the power then to stop this "irrational exuberance" from ever getting this out-of-control as it is now. Correct me if I'm wrong, we went from 30 billion dollars in margin loans (1991) to 170 billion (1999). <--- Hello Mr. Greenspan. Here is your clue to irrational exuberance. Twick

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