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Pastimes : Ask Mohan about the Market

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To: John Hunt who wrote (12304)12/24/1997 9:20:00 AM
From: Defrocked  Read Replies (1) of 18056
 
Several "talking heads" remarked that yesterday's selling was
due to illiquid markets (when the day's volume hit 514 mm shrs!)
Rabid Bulls are going to have a rude awakening!

Bear markets are characterized by illiquidity.

Try to hit a bid when the market is falling and the pit
is backing away from every offer. Try to sell stock in
So.Korea, for instance, when you need liquidity.

Yesterday's market was not illiquid based
on volume, rather it was illustrative of what may
come to pass day, after day, after day of selling if
the worsening case continues to evolve.
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