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To: fut_trade who wrote (2603)11/9/1997 3:50:00 PM
From: Bill Harmond  Read Replies (1) | Respond to of 27307
 
>>I'm nearly all cash now

Peter, I think your cash is going to be worth alot. I was amazed to read this weekend that 40% of Americans have outstanding loans against their IRA's, which is essentially margin. If it's also true that most plans have telephone-switching features now, then I think the pressure on "long-term" equity investing could be severe.

Additionally, I read in another Barron's article this weekend that conventional margin debt is the highest percentage of GDP since the 1920's.

In declining markets, debt is always the bugaboo.



To: fut_trade who wrote (2603)11/9/1997 10:36:00 PM
From: Dylan  Respond to of 27307
 
<<Patience is a virtue>>

Actually I prefer the combination of that with "Good things come to those wait":

Patience comes to those who wait =)

-Dylan



To: fut_trade who wrote (2603)11/10/1997 8:48:00 AM
From: fut_trade  Read Replies (1) | Respond to of 27307
 
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