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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?
YHOO 52.580.0%Jun 26 5:00 PM EST
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To: Arrow Hd. who wrote (502)1/5/1999 10:48:00 PM
From: Sir Auric Goldfinger  Read Replies (2) of 3543
 
There is no question regarding the vast liquidity that drives this market is probably the most important thing out there.

But as we saw in early December, people are timing when those flows go into the market on an almost daily basis.They keep depositing money into mutual funds, but sometimes it get waylayed into money market funds. And then the market starts sputtering like it's on fumes.

BTW it's the index that counts, not the individual stocks.
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