Users Online Now:
2,356
(
Who's On?
)
Visitors Today:
1,444,265
Pageviews Today:
2,086,181
Threads Today:
577
Posts Today:
11,295
04:56 PM
Directory
Adv. Search
Topics
Forum
Back to Forum
Back to Thread
REPLY TO THREAD
Subject
Possible Warning re: financial downslide?
User Name
Font color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Indigo
Violet
Black
Font:
Default
Verdana
Tahoma
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 1006753:MV8xMTA1ODUyXzE3NjU2NTg3X0ExRTMxRjk2] [quote:Anonymous Coward 982910] OP, can you play this out a bit more for those of us who are effectively financial idiots? Like, what does it mean when margin requirements are reduced by 80%? Why is this bad? I'm not stupid, I'm just not a financially savvy person, so please thumbnail it for us. Thanks. [/quote] Yeah. What s/he said! [/quote]
Original Message
I have been a successful trader for over 20 years.
This week, I received notification from two major brokerage houses that I do business with noting the following:
"Margin requirements will be reduced from $25k to $5k effective June 23, 2010"
As a trader, reducing margin requirements sends MAJOR ALARMING BELLS.
My take: a MAJOR slide is coming ... SOON!
Pictures (click to insert)
General
Politics
Bananas
People
Potentially Offensive
Emotions
Big Round Smilies
Aliens and Space
Friendship & Love
Textual
Doom
Misc Small Smilies
Religion
Love
Random
View All Categories
|
Next Page >>