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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: Justa Werkenstiff who wrote (12661)3/21/2000 9:25:00 PM
From: sea_biscuit  Respond to of 15132
 
Insider sales were at $22B. And this matched the increase in margin debt dollar for dollar in February.

Insider outflows = increase in margin debt.


Interesting. The insiders of the "new economy" companies are painting rosy pictures with one hand while dumping their stocks with the other. And the greater fools are not only buying the stocks, but buying them with borrowed money!

When is this vicious circle going to end? Nobody knows. We know that market speculation is at historic highs. We know that valuations are at historic highs. We also know that it doesn't last forever. But we don't know when it will all end. And the longer it takes to get there, the more devastating it will be.




To: Justa Werkenstiff who wrote (12661)3/22/2000 6:14:00 AM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 15132
 
I thought this was interesting:

futuresfax.com



To: Justa Werkenstiff who wrote (12661)3/22/2000 8:49:00 AM
From: Wally Mastroly  Read Replies (1) | Respond to of 15132
 
Abby Cohen says - going to 1575 on the S&P 500 (uptick from last target)/edit(s):

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This is a recording.....

FED still needs to do something more dramatic to get the stock markets attention. The gradualist thing is not quite doing it - at least not yet.

Half point uptick might be enough. Brinker's long standing suggestion for increased margin rates is probably a better idea, it would target greater fool speculation.

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Greenshades - this morning -

" ..in prepared remarks to the National Community Reinvestment Coalition annual conference in Washington..." :

cnnfn.com

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Or - full text of the speech:

bog.frb.fed.us