Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Book Nook -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (416)	2/17/2002 9:21:22 AM
From: Ilaine	Read Replies (1) \| Respond to of 443

Re: margin. The reason I don't mention it is because nothing I have read talks about it. Every so often I spend a few hours reading the New York Times, Wall Street Journal, Time mag, Fortune mag, Business Week, for the time period, like yesterday I read the first weeks of March, 1931 and July, 1931 for NYTimes and WSJ. Unfortunately it's on microfilm, which is a pain, but at GMU the microfilm is very fresh, unscratched. Too bad they don't have the really nice readers that project down onto a big white board, like they have at the Library of Congress. Those are nice because you don't have to read at a funny angle, sitting straight up for hours. My neck hurts.-g- I saw only one reference to margin, a small paragraph that one broker wasn't going to have margin accounts anymore, in July 2, 1931 WSJ. Business conditions were a little slow, especially compared to 1929, but everyone was sure it was temporary. Someone PMed me that the statement that there was no margin requirements is a myth, there were margin requirements just like now. On Thursday my Money and Banking teacher told us that the SEC laws of 1934/1935 were based on the rules of the New York Stock Exchange, which was self-regulating. So maybe the answer is that the NYSE had margin requirements but not the other exchanges. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Re: Fed tightening. From what I read in the NYTimes and WSJ, interest rates were dropping, and there was money to borrow, but demand was slack.