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To: re3 who wrote (38456)	2/6/1999 3:51:00 PM
From: IceShark	Read Replies (2) \| Respond to of 164687

I was a somewhat new stock market investor and wandered over to the local Schwab office on October 19, 1987. Talk about pandemonium! -g- Even though we were in their office, you had to use a phone to place a trade, which of course was impossible. Some guys were so hopping mad they were about to burn the building down. -g- I was totally in cash, and stupidly had even closed out two short positions on the prior Friday - I have those confirmation slips framed to remind me how smart I am. -g- Anyway, there was an old guy there that had been around for the '29 crash and everyone was asking him questions like crazy. One fellow asked how long it took for his stocks to recover. Answer: a couple still haven't! Ho, ho ho. I certainly don't think that will happen, but there are a bunch of new factors in place that weren't there in '87 and how a panic would play out is anyone's guess. But it wouldn't be pretty with all the pygmies playing the market, internut trading, etc. People just calling in to find out how bad things are would lock the systems up. Which is probably just as well since when the PPT steps in to support the market it won't cost so much. -ng- Regards, Ice