Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (51505)	4/14/2000 10:29:00 PM
From: William Harvey	Read Replies (2) \| Respond to of 116759

They talk about interest rate raises not being so deleterious to tech companies as it is to the consumers who buy tech products. There will be a similar effect on business when today's 10% drop in wealth affects the consumers' desires to go to the store or shop online, don't you think? Let's ignore that those on a 50% margin actually saw their wealth drop by 20% today. The money didn't disappear....it wasn't there to begin with. Investors have the right to take their money off the table and leave. Compound that loss of revenue from the broken consumer that doesn't have anything to spend with the fact that many of these tech companies don't do anything with their IPO stashes except invest it in other tech companies. These losses are going to exacerbate further declines in their profit margins. It's a downward spiral for earnings as well as revenue. I'm a regular listener of Chris Byron's show on MSNBC - value investing but no gold plugs: msnbc.com He's got a live show on the net at noon everyday. Today, it seemed that he really called the 3pm slump on the nose. That's when margin calls go out. An investor usually has a little time to make up his mind but if the market never bounces, he's going to be sold out before his time is up. Monday could be really bad.