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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (23685)	8/31/1998 10:44:00 PM
From: Paul V.	Read Replies (1) \| Respond to of 70976

Ian,>I suspect that the selloff is a result of actual or expected margin calls and redemption by fund and hedge fund managers who are being forced to sell anything that's liquid.< Lou Dobbs, had a Federal Reserve Govenor on his night show who reiterated what you have said. If I recall correctly, Greenspan has earlier said, that he was concern with the amount of purchasing which has taken place on margin. I, imagine that he is estatic with todays calls. Maybe, now we will have a reduction of rates. Just waiting to see. Paul V.

To: Ian@SI who wrote (23685)	9/1/1998 10:12:00 PM
From: John L.	Read Replies (1) \| Respond to of 70976

Ian, anybody who has margin close to the limit should take there money to Vegas and roll the dice once, win and have a cash account or lose and don't worry about drops in the market. I don't use margin myself and think to many people get in trouble with it, the market is not supposed to be for money that you are going to need short term. How can you borrow money to play unless you are very optomistic or over exuburent is how Greenspan put it. Markets will go up and down so margin accounts will always be risky, I keep my emergency money seperate from my investment money and sleep well at night.