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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: Think4Yourself who wrote (1380)3/12/2001 10:50:23 AM
From: MetalTrader  Read Replies (2) | Respond to of 23153
 
you are one of the reasons the market is down...margin calls. Friday Merrill saw highest level of margin calls since November, which was the highest level in 16 yrs. Given that we are going to see more of the same tomorrow, it remains to be seen how the balance between margin calls versus short covering works out. put/call ratio is near levels at which shorts won't be able to help themselves and will cover.

I see some folks have REAL problems caused by stock market playing. I sense we are near emotional capitulation with a youthful investment public becoming a new "lost generation".

We are half way through a two year technology bear market, assuming it only takes two years to deflate the bubble. Until the issue of capital spending is resolved to the upside we will slink along before establishing new upward momentum.

MT