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Very
true. As to the 10% requirements check out the day trader
requirements. It is getting close. Another thing to watch for is
company stock rising to unreal heights not based on value or EARNINGS. Dot
coms might qualify.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Jimmy
<FONT face=Tahoma
size=2>-----Original Message-----From: Ira Tunik
[mailto:ist@xxxxxx]Sent: Tuesday, November 28, 2000 11:12
AMTo: realtraders@xxxxxxxxxxxSubject: Re: [RT] Alan
GreenspanI don't believe that is entirely true. The
culprits are us, for not speaking up, and congress. All of the
safeguards established in 1929 have been repealed in the name of the almighty
dollar. Now banks and insurance companies can once again play the
markets and suck in investors. Huge bad loans were not enough, now
they can make markets. Insurance companies have now been allowed into
the markets, as well as banking, and the brokerage firms have become one stop
shopping centers for financial instruments. There are derivatives and
derivatives of derivatives. You have academics who know nothing about
trading doing so for major institutions and funds. One of these funds
has already gone belly-up. The only thing they haven't done is reduce
the margin requirement back to 10% so that added demand might save this
market. Greenspan alone is not to blame. We all are for not making
our voices heard.
James Taylor wrote:
It would be a blessing. This guy is
made out to be some sort of deity, when in fact, he has put this country on
a crash course withwhat could
be the worst financial crisis ever in this country. His wreckless
monetary and interest rate policies, put in place to stave off massive bank
failures will result in more personal bankruptcies, corporate bankruptcies,
and finally bank failures then would have been the case if he would have had
a prudent policy. If you don't know this bozo's track record, you will
keep putting him on a pedestel.<FONT
size=-1>Once you know the real deal, you will dare mention the traitor's
name. He will (eventually) be remembered as the worst Fed Chief in
America's history, when the day is done.
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Neil
Kerr
To: <A title=realtraders@xxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxx";>realtraders@xxxxxxxxxxx
Sent: Tuesday, November 28, 2000 7:16
AM
Subject: [RT] Alan
Greenspan If something were to happen to Mr.
Greenspan, who would be his replacement and how would that person be
selected? This is a question asked to me and I did not know
the answer. Thanks Neil
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