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Strategies & Market Trends : The Millennium Crash

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To: Bonnie Bear who wrote (523)	8/28/1997 3:03:00 AM
From: Bilow	of 5676

Yeah the asian markets were slaughtered. I predict the same for europe. And then us. The friends and relatives I know who have a million dollars in the market that they earned from work are fully invested. On the other hand, the ones who have a million from investing are in cash or seriously thinking of it. Like you said, if they don't sell their stocks, the bears will sell them for them. I'm looking forward to booking some good gains tommorrow morning. Try to sleep with visions of sugar plums. BTW, Somebody was saying that a delta between now and 1929 is that margin requirements are higher. BS. I looked it up the futures margin requirements. For the S@P500 it is 3%. So if you can scrape together $33000.00, then you can go short a million in stock. And every time the market drops 3%, you can double the number of contracts you carry. (Assume a 24% market drop. What would be the total parlayed return?) This could add up to a lot of money. Pull a Bunker Hunt, but try to exit BEFORE they change the rules on you. -- Carl

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