WCOM Message Board - Msg: 13333132

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Technology Stocks : WCOM

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To: KevRupert who wrote (6135)	4/2/2000 5:47:00 PM
From: c.hinton	Read Replies (1) of 11568

Dear Advalorem, It's asset inflation not headline or core inflation that is the worry.Peaple feel richer so they tend to spend more.I have many times bought things I might not have ,soley because my stocks had gone up That Day. I felt richer.There was no guarentee they would not go down leaving me poorer and in dept. One developes an inflated feeling of worth based on abstract values that fluctuate daily and depts that are all too concrete with ever mounting interest charges.That is the trap. I do not know the exact level of margin in the market.I have seen several articles saying it is at its highest ever.In any case one must consider total borrowing. i.e.Buying stock on your credit card, taking a mortgage to buy stock,not paying cash for a car to buy stock.The list is as great as human ingenuity will allow. Sorry for the disjointed post chinton

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