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

To: John L. who wrote (23728)	9/1/1998 10:49:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 70976

John, You're preaching to the converted. My note referred to Fund Managers not me. ... or do you believe that no fund manager has ever attempted to use leverage to juice up the fund's returns only to find out that that sword cuts both ways? At no time, did I recommend use of all available margin by you, me or anyone else, even hedge fund managers. I said, " 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. I'd expect another round or 2 of margin call forced selling." You replied, " 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." and left me totally confused as to what post you might have thought that you read. In any case, I know of no source to verify how many margin calls were made or for how many $. So it's just idle speculation and a waste of time to argue over the semantics. FWIW, Ian.