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To: SJS who wrote (6469)2/18/2000 4:43:00 PM
From: Hank Stamper  Read Replies (1) | Respond to of 24042
 
Margin debt grew by over 60% last year. It now represents approximately 2% of GDP.

You are correct, I believe, in your concern regarding a stampede. To me, this is the wrong phase in the market to purchase on margin. But then, one characteristic of market tops is that margin debet balloons.

Ciao,
David Todtman