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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: marc ultra who wrote (520)8/31/1998 3:30:00 PM
From: marc ultra  Read Replies (1) of 15132
 
We have a history of Monday collapses following the kind of action we had last week. Let's hope we can hold somewhere around 300 down. Anxious fund managers are trying to raise some cash and a lot of small investors who have been playing a heavy trading game over the internet many on margin are now getting or being threatened with margin calls. Some who hold an Index fund on the side will sell some rather than dump some stocks they've become attached to. It would be interesting to know if Vanguard is using a line of credit trying not to sell too much. If the market does turn around soon as I expect there will be little doubt this time that the market has been cleansed

Marc
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