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To: Jim Willie CB who wrote (14661)4/17/2000 10:23:00 PM
From: Voltaire  Read Replies (4) | Respond to of 35685
 
Yea,

if you can't nail it on the head every time you should just let go of the rope and give it up, besides the Clown Killers will get you anyway for missing one every now and then. What's this get away for a while crap? You've been laying on your ass for about six weeks now, what do you want, egg in your beer?

Voltaire smiles at candide as he says that.

Volts



To: Jim Willie CB who wrote (14661)4/18/2000 7:09:00 AM
From: Dutch  Respond to of 35685
 
three major league factors hurt us:
1. huge margin debt (largest in history)
2. coming off Y2K rally (largest in history)
3. several successive Fed rate hikes (just like 1994)

Current margin debt is 1.5% in 1929 it was 9.1%, rally not over, Fed to slow. Institutional selling killed us review 1997 charts April low with October high. I think this will be more reflective going forward.

JMO Dutch


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