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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (78959)	4/4/2000 8:13:00 AM
From: Tommaso	Read Replies (1) of 132070

Figures worth pondering, if true: Message 13343598 I guess we wait and see if the Nasdaq losses are converted to permanent losses of buying power through margin calls. I guess on average a margin account heavy in NAZ stocks might still have around 35% or better equity in it. Some brokerages require 30% or more equity and as we all know the requirements can be a lot higher on some volatile stocks. It might take another 5% down on average in the NAZ to send itself over the edge. Just a few estimates using nothing more than a few figures, a few pieces of information, and a hand-held calculator.

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