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To: accountclosed who wrote (16777)	1/22/1999 11:02:00 AM
From: Cynic 2005	Read Replies (2) \| Respond to of 86076

I have a feeling that some of the excess liquidity has been absorbed by the market. For the time being, Feds appear to be sitting on their hands. A lot of retail investors err e-traders got crushed under the weight of pump and dumpers (bamm, skym, dbcc, amzn, yhoo, ebay, dclk and more.) If the feds repeat the mistake of re-liquifying the market again in the short order (before the real pain is felt) the market may go higher on even narrower breadth.