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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (17348)6/7/2001 11:35:22 PM
From: Mike M  Read Replies (1) of 30051
 
Zeev we are not arguing about WW capacity. We are discussing market liquidity. The things you point out are true enough to be a problem somewhere down the road. I just don't think the market is ready to address them now. I agree that excess valuations will result from excess liquidity. We certainly disagree on whether this is momentum. The good thing is "time will tell".
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