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To: Currency who wrote (5069)7/9/1998 8:47:00 AM
From: ISOMAN  Read Replies (3) | Respond to of 43774
 
"Margin in 1929 was 10%. Today, it's 50%. That's a huge difference and doesn't apply here."

Better read up on the crash Kevin.

I think you meant 90% on margin 10% down, at any rate, in 1928, they didn't have Microsofts and yahoo's to margin up the hilt. They also didn't have CNN to spread the word in millisecods.

Might want to check out "blood in the Streets"

the book was written prior to the correction in october of 1987. They predicted the catastrophy in 1987 within 4 months and spelled out the reasons why it would happen.

Then in 1990 the wrote a book called "The great depression of of the 90's" in which so far most of their predictions have come true, like the riots in LA, the bombing of the world trade center, etc.

No they are not psychics, they are world renound economists. Look up Davidson, and Lord Rees Mogs, the authors.

as for the Margin not applying today...oh it does, and in a big way.