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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Allan Harris who wrote (12205)3/3/2000 5:15:00 PM
From: sea_biscuit  Read Replies (1) of 15132
 
I think we can all agree on one thing, that raising margin requirements would in all probability serve to bail out the Bears ...

It might well do that. But the people whom it will really bail out are the little guys who are getting in on the action now and are borrowing like crazy.

This may be anecdotal, but my wife's friend was telling us about how her husband took a home equity loan and was playing in the stock-market. She said that her husband buys stocks and sells them for a profit after a week or two. When I asked her what he would do if the stock went down, she said, "No, no, it won't go down; it always goes up..."

I hope, no, I pray, that they continue to live happily in that house for many many years.
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