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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Boca_PETE who wrote (13218)	3/18/2001 8:24:34 AM
From: Lone Ranger	Respond to of 42834

p, "Lately, they show water torture marginal new lows on lower volume than the last benchmark low, but adding up to a significant new low over time." if this is true as you say, then just maybe the selling pressure is drying up. this might be good because i've read that market bottoms are sometimes indicated by decreased volatility and decreased volume as a sort of "boredom" sets in. the other bottom is of course the high volume panic capitulation which we've all been expecting and which seems to have messed up da brink's and our own thinking.

To: Boca_PETE who wrote (13218)	3/18/2001 7:38:33 PM
From: Haywood	Read Replies (1) \| Respond to of 42834

Like many others, I have listened to Bob for many years. Yesterday, I heard him once again going on and on about margin debt and how Mr. Greenspan was partly (or mostly) responsible for the "irrational exuberance" of NAZ 5000 because Mr. Greenspan failed to change the margin requirements (currently 50%). I believe this is absolutely ludicrous and a red herring on Bob's part. I don't have precise numbers, but I believe at the peak, margin debt was around $300 billion; today, it is around $200 billion. So, we lose over $2 trillion in NAZ market cap alone (some have the "all market" cap loss at $4 trillion) because we had an extra $100 billion for people to "play" with on margin? I don't think so. Bob needs to give this argument a rest. He is flat wrong about this. Haywood