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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Zardoz who wrote (1568)10/14/1998 12:11:00 PM
From: sea_urchin  Read Replies (1) of 81271
 
Hutch : Thank you very much for your comment and the explanation of Andrew's Pitchfork.

From what you say, however, it is also entirely possible that the Dow can remain at its present level or even go up ! It all depends on the amount of liquidity in the system. Or anticipation of that liquidity.

That's why I venture to suggest, if only from the position of a Devil's Advocate, that the present strength in the Dow could be based on a perception of increased liquidity and not simply the stubborn refusal to believe what is, apparently, inevitable --- namely a fall.

All the same, I am beginning to believe the dictum which is currently doing the rounds : "Expect the unexpected!"
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