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Technology Stocks : Broadcom (BRCM) -- Ignore unavailable to you. Want to Upgrade?

To: DOUG H who wrote (2076)	6/26/1999 1:38:00 AM
From: Rarebird	Read Replies (2) \| Respond to of 6531

< I believe 1929 was brought on by rampant margin buying, where everyone and their brother where borrowing every $ they could get their hands on to throw at the market.> Correct. Last Month the NYSE reported 181.9 billion in outstanding margin debt as of the end of April. The highest level in history. The number was 25.5 billion higher than March. This was the largest 1 month increase of all time. Figures for May should be released shortly. Last Week the Fed released its Flow of Funds Data: Equities as a percentage of total financial assets hit new record highs for both institutions and households. Household debt as a percentage of disposable income also hit a new record high of 96.3%. You all think that the Stock Market is still going up up and away to Pluto? I'd say we are on one of Saturn's Rings right now and the clock is ticking slowly.... Face it: If your long this Market, especially high PE stocks, your living on borrowed time.... The Day of reckoning is coming soon. Don't ask me when. I don't know the exact day. But the warning signs are there flashing its signals. It's no new era. It ends the same way it always has: tragically.

To: DOUG H who wrote (2076)	6/26/1999 5:34:00 AM
From: A. Robbins	Read Replies (1) \| Respond to of 6531

Here's one for the options experts. Im a frequent lurker but never post. Im looking for a hedge to put on monday to accomplish 3 goals. 1.) To protect against a sudden downturn if fomc meeting indicates a series of fed tightening moves. 2.) Unreasonable selling as a result of Y2K fears. 3.) I need to come up with some cash (say 30K) for an investment. I have about 1,000 shares of CSCO 300 shares of BRCM 600 shares of ATHM 350 shares of UPCOY in my cash account and don't wish to sell any shares. Should I sell call options? or how would you suggest I best achive my goals? Any thoughts on the matter would be appreciated as I am not an accomplished investor like many here. Thx.