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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: JDinBaltimore who wrote (4436)	8/29/1999 11:04:00 AM
From: John Dally	Respond to of 5676

Hi JD, I assume that there will be lots of quirky little things happening in anticipation of Y2K which will add up to cause some trouble. With supply chains stretching around the world, there should be some interesting surprises. Mutual Funds may raise cash reserves on their own in anticipation of Y2K redemptions. Also, at DATEK I've noticed that many of the more volatile stocks are not marginable. And, at Schwab, they've been raising their margin requirements for many stocks. For example, both AMZN and EBAY now require 70% equity rather than the 50% previously. Perhaps the FED has "unofficially" requested that brokers raise margin requirements? (This is pure speculation.) Best regards, JDinSaratoga