*OT* (I was going to put this in a PM, but what-the-heck...its going public........) Thanks so much for the response, and especially the references.....At some later point, I would love to have a more involved discussion with you concerning the liquidity issue...
I am somewhat amazed how little market technicians (it seems) follow liquidity in charting/forecasting movements of the markets (and individual stocks)...it seems (at least in the last few years)
that liquidity (along with interest rates) have been the main drivers of the entire bull run...
Lasylo Birini (sp?) seems to be one of the few that has good handle on this...As a result, His calls have been quite outstanding over the past few... I guess maybe Garzarelli has a liquidity component in her model, but the rest....I dunno..
At least in MY thinking, liquidity definently plays a (big) role (how else can we maintain this historically high PE's)...well, actually my theory (if you want to call it that is much more complex)...
Anyway, thanks again, and I look forward to heaving a liquidity-driven argument (spitball) at you in the near future to get the ball rolliing...in the meantime, remember, baseball training camps are only a few weeks away (the Bravos used to work out right up the road in WestPalm...although I think they no longer workout there, dunno....) In the meantime....Take care.. |
