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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (76553)10/17/2000 7:08:10 PM
From: Crimson Ghost  Read Replies (1) of 95453
 
Slider:

The scary thing is that borrowed money used to play the market is much higher than the official numbers. Lots of folks have borrowed on their credit cards and taken out second mortgages to play the market. No one knows how big these numbers are; my guess is that this may be as large as the official margin debt.

And of course the derivative numbers are staggering. Margin is just a drop in the bucket by comparison.
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