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Sounds like that's nothing new! Let's blame the Speculator for this mess..
Short sellers back in 1929 were blamed for the decline..
In truth, the market needs those speculators otherwise nothing gets done.
I do not think the govt.. should get involve with the market too much.
This rule only punish the small traders. Not surprise if it will not be pass
because
it probably will destroy the economy after all the market is made of
small,big,great,lousy traders..
Finally, I wonder who bothered to propose this silly rule?? Some RICH folks
who cares about the small traders?? Looks like someone wants to control the
market and they know they cannot do that unless they get rid of the small
traders.. I sure heck do not know who are they!:))
regards
Gary Bodnar
-----Original Message-----
From: swp <swp@xxxxxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
Date: Tuesday, February 01, 2000 11:36 AM
Subject: [RT] Re: SEC New Margin Rule Proposal
>Because that trader (with three years experience) does not remember
>1987, let alone the mid-1960s until 1975/1982)! Margins should have been
>raised long ago. The only reason why they have not been, is that there
>are too many other ways to borrow for stocks (from 401K plans, from the
>bank -- yes people are taking personal loans to buy stocks) and via home
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