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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (73776)	1/16/2000 9:34:00 AM
From: Cynic 2005	Read Replies (2) of 132070

Now, they don't even need to buy for the letter (unless of course they want to make aposter out of Abby Jo's photo! -g-) ------------------ Ding-Dong Market To the Editor An old Wall Street adage says they never ring a bell at the start of a bear market, but I could have sworn I heard ringing as I read Sarah Landis' article ("Marginal Help," January 10). May Mallouh, a banker in equity capital markets, needed several hundred thousand dollars (gong) for the 20% down payment on her home, but she didn't have any cash (gong). She opted for a mortgage that allows her to use her stock portfolio (gong) as collateral in lieu of a down payment. "In this market (gong) you can easily earn 20% per year and your money is growing faster (gong) than it would as a down payment," says Mallouh. "Even in a down market (gong) you can earn 8%10%," which, she observes (gong) is higher than today's mortgage rates. And to think I remember when a down market meant you lost money. GARY M. KELLY Ransom, Illinois

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