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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?


To: cann11 who wrote (469)6/30/1999 6:25:00 PM
From: SJS  Read Replies (1) | Respond to of 24042
 
Actually, the reason for the problem in 1929 was overuse of margin. Back then, there was a very relaxed atmosphere regarding margin and margin requirements. You could buy $1.00 worth of stock for a dime. Then...coupled with your comments, massive selling had to occur because of the margin calls that resulted. It's called a snowball....

Steve