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Technology Stocks : Irvine Sensors
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To: Ed Newman who wrote (1522)4/17/2000 3:04:00 AM
From: Gus  Read Replies (1) of 1673
 
Who really knows? One thing for sure about IRSN is that margin debt is no longer an issue below $5.00. It continues to be an issue for the broader market -- $279 billion in margin debt as of March 2000 -- compounded by the end of the lock-up periods for a bumper crop of poor quality IPOs, etcetera, etcetera. The trillion dollar question for the Fed and some leading economists is the real size of that margin debt and other pseudo-margin debt such as credit cards and home equity loans used to fund stock purchases and to what extent that contributes to the imbalances.
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