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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (24643)	11/18/1997 8:36:00 PM
From: Kapusta Kid	Respond to of 132070

LIQUIDITY TAKES A DIVE! Charles Biderman, who writes Liquidity Trim Tabs, reported that this past week showed the largest negative liquidity number since he began tracking it. Biderman attributes this to the record $5.9B of new offerings. He also noted that it was the third consecutive month with a week containing over $5B in IPOs. Biderman noted that the float of shares is now growing, reversing the shrinking of the float which began in 4th Q 1994, the base of the current leg of the bull market. He added that investment bankers are now succeeding in printing new paper to absorb ALL NEW CASH! Biderman also made reference to the fact that corporate insiders are now selling with both hands (Source:CDA/Investnet). Could get bumpy....Pete