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To: ViperChick Secret Agent 006.9 who wrote (47168)	7/1/1998 11:08:00 AM
From: SE	Respond to of 58727

marketweb.com

To: ViperChick Secret Agent 006.9 who wrote (47168)	7/1/1998 11:32:00 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 58727

Lisa re liquidity picture Yesterday there was a huge liquidity drain on our system. biz.yahoo.com Ruters reports that fed funds traded as high as 30%. This was taking place even while the fed was adding liquidity to our system! This AM fed funds were trading @ 6.25% which still shows liquidity being drained out of our system faster than the fed in adding. Bottom line .. market has no gas to go up. Gersh