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Strategies & Market Trends : Asia Forum

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To: Zeev Hed who wrote (4509)6/14/1998 2:54:00 PM
From: Gersh Avery  Read Replies (2) of 9980
 
Zeev More regarding liquidity

I would not be surprised to see the DOW hit the 10k mark in two or three days. With the Japanese announcement liquidity will flow out of there, yes. It will hit our shores hard. For our DJIA to hit 10k really is not that far up. In addition the Fed announced Friday that they were adding liquidity to our system. I would guess that they figured a need for the sake of interest payments.

So with added liquidity from the Fed at the same time as the increase in flow from over there we are ripe for a blow off top.

I have gone from 100% cash to 100% invested in stocks Friday and will pull back out Thursday or Friday. This is quite tricky for me as my 401k takes three days to make the transition. For me to be fully invested Friday required me to place the order last Tuesday.

Gersh
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