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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: straight life who wrote (21199)	3/24/2000 4:45:00 AM
From: chaz	Read Replies (2) of 54805

SL: If memory serves, the Fed was established in 1931, so the 10% you refer to was, I believe, the Street's policy, not a government agency's. Also, the numbers are turned around...a 10% (equity) policy meant you could borrow $10 for every $1 in the account. (0% would mean you could borrow with no dollars.) Today it's 50% (equity)...borrow $1 for every $1 in the account...at least officially. However, many of the houses are imposing stricter rules, declaring some stocks not marginable (Datek has NTAP on that list) and imposing 60% and 70% (equity) lists for others. Chaz

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