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To: Hawkmoon who wrote (26905)1/24/1999 12:46:00 AM
From: Little Joe  Respond to of 116871
 
Ron:

You are right but it is not what they do on one day that matters it is the pattern over a long time.

Live long and prosper

Little joe



To: Hawkmoon who wrote (26905)1/24/1999 12:57:00 AM
From: donald martin  Respond to of 116871
 
<<I was watching CNBC the other day and saw that the FED had been draining liquidity from the market.>>

Just because CNBC SAYS the Fed drained liquidity doesn't necessarily mean it's so. Or, that it's relevant. How in the world do you have the DOW over 9000 (geeez, over 6000) if the Fed is sopping up all this so called liquidity?

No, the last time the Fed drained liquidity in a REALLY meaningful fashion was 1981 - 1982.