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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Craig Freeman who wrote (10919)	5/9/2000 8:58:00 PM
From: Rocky Reid	Read Replies (1) \| Respond to of 60323

Craig Freeman said: >>The same people who have been getting margin calls were probably planning on taking some gains in April to pay last year's taxes. For many, their gains turned to loses at the worst possible time. Not to mention the fact that some of those illusory profits had previously been converted into new Mercedes and other "wealth effect" purchases.<< This is exactly right. Many a mortgage and car loan were taken out at the beginning of this year with all those ultra-high stock prices expected to pay for the payments. Guess what........ This is why I think we could have many months of paying down debt before extra cash is thrown into the Market by Individuals. -A Time of suffering to pay for the over-blown pie-in-the-sky period of just 2-3 months ago.