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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: swisstrader who wrote (87547)	3/21/2000 10:47:00 AM
From: Mike E.	Respond to of 108040

OT: I REALLY hope Greenspan does something relative to margin requirements to protect people who on a regular basis play with the House's cash...are these markets not dangerous enough?...this is exactly the danger of when the margin clerks start doing their thing. And I hope NOT. Firm believer that it is NOT the governments job to protect us from ourselves. I, for one, can probably meet any new req'ts they put on margin, but I probably could not have last year. Yet the ability to purchase on margin (which I did not do until I was comfortable with my trading style) has allowed me to get here fairly quickly. mike

To: swisstrader who wrote (87547)	3/21/2000 11:12:00 AM
From: If only I'd held	Read Replies (2) \| Respond to of 108040

Swiss, the big firms are margined also. I said a while back that there isn't enough money to justify this market. And there isn't. This money really doesn't exist....as we have seen these past 2 weeks. Who can buy all these stocks? The high-flyers were high because they were held onto.....but that's just paper.....who can actually pay the price when it's time to sell? We found out last week.......nobody. And contraray to what I said 2 weeks ago about the Dow hitting 20,000, I am going to go on record and say that we have just seen the first wave of the Bear. The real bear. I suggest selling on any/all pops. And from here on out....anything that sticks it's head up....consider shorting it. It's temporary....it's borrowed money and it will fall. This is truely a bubble...and it has sprung a pinhole leak.