SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Richard Mazzarella who wrote (11097)5/1/1998 11:03:00 PM
From: Terry Rose  Read Replies (2) | Respond to of 116762
 
Richard, This article clarifies what is a liquidity-driven market and it also points out it's achilles heal. Money. Sooner or later this gravy train of loose money will arrive at it's final destination. And those on board will think the Titanic was a picnic at least some survived that disaster. When the smart money finishes leaving to Europe or Japan to flee the demise of the dollar and money dries up this market will tank big-time.

I heard either at SI or on CNBC that there is now a negative flow of cash in the mutual funds. A correction is upon us.

Terry,