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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: sun-tzu who wrote (141192)1/1/2002 9:15:56 PM
From: Justa Werkenstiff  Read Replies (2) of 436258
 
Sun: Re: "there is an unprecedented amount of FED money at work."

Issue is not whether there is a large amount of Fed. money at work. That is a given. Issue is whether it will find its way into the stock market. There was no need for extra liquidity in Y2K. So a chunk went into the stock market. But look at the impact of the current mega pump to date -- a flat market at best for the past month. What does that suggest? Suggests that there is a greater need for liquidity in the system which makes excess less likely to find its way into the stock market.
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