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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: CommanderCricket who wrote (65869)	6/13/2006 3:17:11 PM
From: ChanceIs	Read Replies (1) \| Respond to of 206323

The broad bottom is in. How can I tell??? There are three green things on my screen: 1) VIX, 2) IEF (treasury ETF), and 3) INTC. That's right, Intel, everybody's favorite tech whipping boy since January. If that pig can summon a rally in the face of this bloodbath, then the bottom feeders have clearly gotten off of their lounge chairs, crossed the sidelines and advanced tot he field of play.

To: CommanderCricket who wrote (65869)	6/13/2006 3:19:39 PM
From: Live2Sail	Read Replies (1) \| Respond to of 206323

you can hope those on margin are cleared out. Today might be the day unless Diana hears from the clerk tomorrow and rolls the snowball downhill again.

To: CommanderCricket who wrote (65869)	6/13/2006 3:40:12 PM
From: Live2Sail	Respond to of 206323

According to the New York Stock Exchange, margin debt rose $5 billion in April to $241.54 billion, $50 billion higher than a year earlier and the highest level since September 2000. The current level remains below the peak of $278.5 billion set in March 2000 but the recent uptick probably adds credence to the notion that some of the stock market's recent weakness could be related to margin calls. That said, the current level of margin debt isn't high when put in the context of the growth in the size of the economy, household net worth (up $11 trillion since September 2000) and corporate assets. Of course, given the proliferation of derivatives products, deciphering just how much leverage there is in the financial markets extends well beyond margin debt. It is notable, for example, that the total amount of interest rate and currency swaps outstanding stood at $213 trillion at the end of 2005, $156 trillion more than five years earlier (source: ISDA.org).