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To: fut_trade who wrote (103651)5/19/2000 2:19:00 PM
From: GST  Respond to of 164684
 
Peter <Assuming that the Fed keeps M3 at it's current level, and given the increasing trade deficit, I suppose these trends translate into a sharp decrease in liquidity in the near future, which should continue to pressure the markets.> I agree. The pressure will be felt most where liquidity had pumped up prices the most -- tech.