SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : NetCurrents NTCS
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: CharlieChina who wrote (4488)11/13/2000 1:07:18 PM
From: Lane Hall-Witt  Read Replies (1) of 8925
 
I've had Naz 2500 or so in mind -- not based on analysis, but on a sense that the big money will need to hold that psychological line in the sand. You're absolutely right about margin calls. I've been scared of margin debt ever since this spring, and it stands to reason that we will ultimately have to pay the piper. We also must have some hedge funds in trouble again, with so many of their core holdings in trouble (even ORCL, SUNW, and EMC are getting hit). It seems just a matter of time before the big hurt finds CSCO.

If you have a chance sometime, set aside an evening to read John Kenneth Galbraith, The Crash of 1929. One key element of that tale was the unrelenting pressure of margin selling, where the market's downward spiral went on and on even in the absence of panic. The selloff took on a rather eery mechanical quality that transcended emotion and reason.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News