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To: James Strauss who wrote (5983)4/12/2000 4:53:00 PM
From: Bucky Katt  Read Replies (1) | Respond to of 13094
 
Hi Jim, just a few weeks ago we were talking about this impending market dump that is now here. I have no problem with it as I am short every nasdaq related index there is.

I wonder what the percentage of growth in margin calls is this week? On the last dump it was running over 100% over the previous dump, my guess is it may be accelerating..

Do you think we may see the same thing next week, when the retirement money inflow stops??

Only things I am buying long are some of my micro-cap dogs that I think will do well when they get hit up on the rotation..



To: James Strauss who wrote (5983)4/12/2000 5:11:00 PM
From: Bucky Katt  Read Replies (1) | Respond to of 13094
 
This article about the IMF/FED may shed light on the current situation>
cbs.marketwatch.com

I think what the big picture for the IMF is they want some of the growth the US has had the past few years to ignite in other parts of the world that have not participated, and which of course owe lots of money to Western banks, including the IMF, in sub or
non-performing loans. Does this sound about right?