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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (64712)	12/19/2000 11:46:03 PM
From: Digitom	Read Replies (2) \| Respond to of 99985

FWIW -- snipped from WSJ... Margin Debt Falls to Low for Year As Slumping Market Takes a Toll By GASTON F. CERON Dow Jones Newswires NEW YORK -- Margin debt fell to levels not seen since late last year, as the slumping stock market ate into the practice of buying stocks on margin, or with borrowed funds. Debit balances in margin accounts of customers of New York Stock Exchange member firms fell 6.1% in November, to $219.11 billion from $233.38 billion in October, the Big Board said. November marked the second straight month that margin debt has dropped. It also represents the lowest margin debt total at the NYSE since late last year. In November 1999, the exchange reported $206.28 billion in margin debt at its member firms. That figure rose to $228.53 billion in December 1999 and to a high of $278.53 billion in March 2000, the month when the Nasdaq Composite Index roared past the 5000 milestone to its highest point, before beginning the steep slide that has persisted since then... Write to Gaston F. Ceron at gaston.ceron@dowjones.com