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Non-Tech : The Critical Investing Workshop

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To: Jill who wrote (13730)4/15/2000 1:00:00 PM
From: Voltaire  Read Replies (2) of 35685
 
Hi Jill,

yes, that is the only thing I disagree with MM on. I have received about 8 calls this morning from people on an off our thread that have received Margin Calls THIS MORNING. The houses are working over time and I for one believe there will be tremendous selling by the retail sector Monday morning BUT - remember, the Houses will be the beneficiary of this selling to a degree but I am convinced things are being worked out as we speak to mitigate the effect of this selling by the DISCRETIONARY BUYING BY THE HOUSES to hold things in abeyance. I do not give a damn what people think but if you think the FED. The Houses or other governments for that matter are going let the world go into a recession in the mist of the greatest economic period in the history of man, think again. IT AIN'T GOING TO HAPPEN.

V

P.S. - I firmly believe the reason investors are being called last night and today is so the Houses can measure the buying extent that will be needed to offset such selling and then the Houses can begin the recovery with their inventories built on stability rather than margin. This would not occur if they brought the markets back with a great deal of margin still out there. They would have accomplished nothing.
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