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To: Bill Harmond who wrote (102637)5/2/2000 4:32:00 PM
From: GST  Respond to of 164684
 
<Lockup issues are transient issues anyway> Liquidity is drying up at the same time as supply is surging -- the only thing transient that I can see is the rally that just ended. Don't confuse money flowing into mutual funds with positive liquidity -- supply/demand rules, and supply is increasing much faster than demand can cope.