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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: NickSE who wrote (24059)	4/7/2000 2:49:00 PM
From: BGR	Read Replies (1) \| Respond to of 42523

May be it's time for underperforming market strategists (not Charles Pradilla in particular) to quit their jobs and start cutting veal chops. The arrogance and elitism in these statements are staggerring!

To: NickSE who wrote (24059)	4/7/2000 8:08:00 PM
From: patron_anejo_por_favor	Respond to of 42523

Great article, but leaves me feeling ambivalent about the mania. Anything that can keep lawyers out of practice can't be all bad <G>

To: NickSE who wrote (24059)	4/10/2000 9:21:00 PM
From: NickSE	Respond to of 42523

"The definition of speculation is when investors borrow money to purchase overvalued stocks in the hope and prayer that those same stocks will become more overvalued," said Hugh Johnson (hohoho), chief investment officer at First Albany Corp. If a big drop occurs, as it did last week, margin debt can "turn a rational decline into something disorderly," Johnson said... ...Margin debt has soared recently (<--- major understatement), jumping 50 percent in the last six months (which BTW has only NOW begun to scare the sh8t out of GreenSpan and our friends at the NYSE, NASDAQ, & SEC), as investors have borrowed money to speculate on volatile technology stocks. On Feb. 29, total margin debt stood at $265.2 billion, up from $176.4 billion at the end of August; and up from $151.5 billion a year earlier. In February 1990, the figure stood at just $31.5 billion, according to Ned Davis Research, a Venice, Fla., market data firm. newsday.com