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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (86093)11/30/2000 5:53:10 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 132070
 
>>paying debt they've taken on due to margin
losses.<<

many, many folks mortgaged their home to go into naz 4500. a % of those folks margined that debt. OUCH!

many other folks have been buying the dip... ALL THE WAY DOWN! fair value = bankruptcy for tens or hundreds of thousands of people.



To: benwood who wrote (86093)11/30/2000 9:42:03 PM
From: Skeeter Bug  Respond to of 132070
 
>>Skeets, that is an excellent point<<

ben, i can see a positive relationship developing here... ;-)

seriously, though, it is true. the people that put all their money into the naz in 1992 pales in comparison to the folks who did so in 2000 - my guess is the ratio is somewhere between 10 to 1 and 30 to 1. the naz drops 50% and folks are toast. yes, that causing that burning smell. ;-)


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