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Pastimes : Alan Greenspan MUST GO: -- Ignore unavailable to you. Want to Upgrade?

To: Master (Hijacked) who wrote (34)	5/24/2000 8:14:00 PM
From: BWAC	Read Replies (1) \| Respond to of 494

Well Vince, that is truly awful. In case number 1, I hope the person fully understood the risk of being margined to the hilt. In case number 2, I doubt seriously if it would have mattered whether it was only 10% on margin. They would still be up against it. NT, CSCO, JDSU are of course fine companies. But they were and are by no means underpriced. But it wouldn't have mattered if they had bought companies trading at book value. They are still down for the count right now. Those are fine examples. I have heard similar stories from all around. Even been in the same positions. One rule. You don't borrow more, you don't get in deeper, you do reassess and lighten your portfolio. If you get a margin call it is generally wise to just go back to 100% equity, because 99% of the time you will be getting a second call soon. Greenspan and the rate increases are simply misguided. And mistargeted. (But you better learn to deal with them) He is so far off base that I guess his next move will be to outlaw online investing because it has enabled the masses to cost effectively participate in the stock market and increase their savings, wealth, retirement funds, and to buy a few pleasures in life. Such a move or statement is no less ridiculous than the current interest rate increases. I can hear it now, 'Individual investors cost effectively participating in daily market swings is inflationary. It adds excess demand to the equities markets as they build their savings and wealth. No, I am not specifically targeting the small online investor. But the $8 commission can no longer be. The Fed approved commission will be raised back to the old standard of $300 per trade. This will slow down the excess demand created by the free market and competition'

To: Master (Hijacked) who wrote (34)	5/24/2000 10:14:00 PM
From: Mama Bear	Respond to of 494

Dumb money becomes smart money. It is the way of the world. But I am saddened that they bet pass and the dice came up snake eyes. I hope they didn't risk money they couldn't afford to lose on their gambling. Of course, I'll bet they did. They can call 1-888-532-3500 or go to problemgambling.com for help. Please pass this on to them. Regards, Barb

To: Master (Hijacked) who wrote (34)	5/24/2000 10:36:00 PM
From: glowindark	Read Replies (2) \| Respond to of 494

Mr. G has indicated his fear of the "wealth effect." He is afraid that if too many Americans are wealthy, there will be too much demand for limited supply which could lead to... INFLATION. What that means is that he wants to maintain wealth in the hands of the already wealthy, who already have everything they need and won't be imprudent in their spending. Alas, your friends and a huge number of others are not on his list of the acceptable wealthy. He doesn't care about a "good" economy. We have had a super economy. His goal is to "slow" the economy--i.e., cause a recession. Neither the fed nor anyone else should have this kind of power. gid

To: Master (Hijacked) who wrote (34)	5/24/2000 10:48:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 494

Blaming Greenspan, for foolish investors, paying up on margin for stock in parabolic trajectories? people should learn to take responsibility for there own reckless actions, i can't tell you how many whiney bulls i've heard complain about greenspan, if it wasn't greenspan, it would have been something else, anyway greenie (and market forces) have been raising rates since the fall of 98, haven't you heard the wisdom, don't fight the fed. trees don't grow in the sky, and when they attempt to do so they are built on the sands of margin debt, by fools who want to get rich quick. and instead like your buddy who owes the broker, get's poor quick. it's called greed. not alan greenspan