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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: wiz who wrote (56578)4/19/1999 9:37:00 PM
From: Earlie  Respond to of 132070
 
Mark:

Good to hear from you.

Like you, I get a real kick out of the housewife ad. I can just see her running into her house today, and finding out that her stock is down $20 and that the margin call is about the same sum as her house mortgage. Would she scream? Faint? Break into profanity? Throw the dog out the window? Too bad we cannot re-write the script a bit. (g)

Incidentally, over the last several months, brokers have already been receiving an inordinate number of suits,.... and this thing is just getting underway. And they think the courts are jammed already. (g)

Today has been one of those days where the curtain on the future was raised a bit. If they think it was a "bad hair day" today, wait until the margin calls really start to kick in. It is not going to be pleasant.

Best, Larry