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To: Lynn who wrote (58169)	1/23/2008 10:35:14 AM
From: Dale Baker	Respond to of 118717

Waiting to make big decisions is a natural reaction to uncertainty. People who overextend themselves because they assume a certain market future are the ones who get margin calls and foreclosure notices. As for forced selling, the retail stock owner isn't playing much of a role in this market. It is institutions getting margin calls as their balance sheets disintegrate, creating huge waves of forced selling at any price. This started last August and keeps coming up.

To: Lynn who wrote (58169)	1/23/2008 12:57:02 PM
From: Jibacoa	Respond to of 118717

O.T. Proceeds from my house would then be invested in the stock market. I wish you better luck than I had in 1970. I bought my house in Florida without selling the one in Chicago & after waiting for a Yr., I ended up selling it much cheaper than the first offer I had the year before. I decided not to buy some land here with a group of friends, waiting for the sale of my house & by that time, the land had appreciated more than 400% in value.<g> The one thing I have not read or heard about is the market also responding to people getting margin calls. It seems that there is still a lot of stock bought & sold on margin, so I guess there should be some people getting margin calls. In the more than 50 years playing with the market, the only time I had a margin call was not due to my fault, but to a commodity broker.I had a substantial short term gain & decided to start a silver tax straddle in November.Initially things were not going too well since interest rates had gone up & I was already having a loss, but the day that they changed the month on the loosing side of the straddle, I got a margin call for more than $100Gs. Eventually things got corrected, albeit they claimed they had lost close to $20Gs in the transaction. I was lucky that silver price went up & was able to, not only transfer the gain to the following year, but also end with a long-term gain. That one & the time I had 200Gs stuck for a whole year in NY tax anticipation notes, that were paying 11% tax free are the worse scares I remember having while playing the market. That one also was resolved favorably, albeit NY never paid about $2000 of the interest.