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To: Terry Rose who wrote (10680)	4/26/1998 12:10:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 116791

I know many that have taken out home equity loans andd put them in the stock mkt. talk about SCARY. NY TIMES..... article talks of time to buy internet stocks.........LOL!!! are we at a top or what?

To: Terry Rose who wrote (10680)	4/26/1998 12:12:00 PM
From: skelly	Read Replies (1) \| Respond to of 116791

Can anyone advise as to the short position in total for the nyse and nasdaq? and a short history of these numbers over the past 24 months. My guess is the numbers are increasing as the markets rise. TIA cheers

To: Terry Rose who wrote (10680)	4/26/1998 12:34:00 PM
From: Alex	Read Replies (1) \| Respond to of 116791

Hi Terry; The same thoughts have gone through my own mind so many times over the last few months. It is just MHO, but I suspect that before the dust clears it will boggle the mind how so many could have been duped to such an extent. Re: Lucretius and home equity loans - he is correct. One 'advisor' comes quickly to mind. You can't open a newspaper up here (Canada) without seeing his face these days. I suspect though that the day will come when he will be nowhere to be found. Regards

To: Terry Rose who wrote (10680)	4/26/1998 12:42:00 PM
From: Richard Mazzarella	Respond to of 116791

Terry, crashes of historical significance and long bear markets have always been followed by witch hunts for people to blame and hang. The coming crash and bear will not be any different, it's not different this time, only more people to hang IMO.

To: Terry Rose who wrote (10680)	4/26/1998 1:54:00 PM
From: tekgk	Read Replies (1) \| Respond to of 116791

Exactly correct. Most of the mutual fund industry has established very large lines of credit with the banks to deal with any unexpected redemptions. This part is fact. The part that is not and that I can't prove is that the funds have also been using the lines of credit to buy stock, obfuscate true performance and a variety of other associated games. Contrary to popular opinion, the banks are exposed to the same degree or even greater degree of risk to a stock market correction as they were at the end of the roaring twenties. The reason I suspect that they have been using the line of credit to do whatever they want is because of my experience when I took out a line of credit on some stock that I owned at one time. The surprising part was how easy the credit was to obtain. Once obtained, the bank did not care what I did with the money. They did not monitor it in any way. They didn't even monitor the value of the underlying stock. I was absolutely amazed by the whole thing. My reasoning is that if it was this easy for me then it is at least as easy for the mutual funds. My other reason is that given money, the average 28-year-old manager will find some reason or thing to spend it on. At the end of the day the taxpayers or currency depreciation will have to pay for the inevitable debacle IMHO.