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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Les H who wrote (35378)	12/17/1999 10:49:00 PM
From: Merritt	Read Replies (1) of 99985

Les: As to money flow into the mutual funds...IMHO this last rally was funded by the Fed adding liquidity that was supposedly destined to provide money for Y2K withdrawals, so I don't think inflows from other sources is all that important - until next year. I'm curious though, what do you and others see the Fed doing, with regard to adding/subtracting liquidity, after the beginning of the year? Also, I hate to correct your spelling, especially when I can appreciate your spelling it "finanshuls" because of the way the Street worships them...but to a J6P like me, it's spelled "finanshills."

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