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To: benwood who wrote (94299)	4/15/2001 12:28:58 PM
From: benwood	Respond to of 436258

Bottom must be in; margin debt down to only 300% of the 1995 level already! Can't get much more bullish than that! <g> The debt owed by the brokerage houses' customers has fallen by 33 percent to $186.8 billion from an all-time high of $278.5 billion in March 2000 when the Nasdaq peaked at 5,048.62, says the New York Stock Exchange [...] In 1995, when Americans were married to the market as it started to chalk up double-digit gains each year, margin debt was only $60 billion. dailynews.yahoo.com

To: benwood who wrote (94299)	4/15/2001 12:30:52 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 436258

Ben - ...That's a lot of tax that they've effectively shifted from their corporation to individual taxpayers.... A corporation is a legal fiction. All employee compensation costs are borne by shareholders, either in cash or in dilution or both. The corporate income tax should not exist in the first place, but since it does, the IRS should not be allowed to double dip by taxing compensation as employee income and not allowing compensation deductions to the corporation shareholders like any other cost of production. Regards, Don