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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Gersh Avery who wrote (25690)9/14/1999 12:53:00 PM
From: pater tenebrarum  Respond to of 99985
 
Gersh, the liquidity stool has lost one of it's legs with the dollar/yen acting as it does...money supply growth has also become somewhat erratic of late. still, the Fed has already proclaimed the ultimate moral hazard by stating it will intervene if the market plunges too fast. my bet is, one day the market will say "checkmate" to the authorities...