More people are trading, talking, reading and hearing about stocks than ever before--trends that are mutually reinforcing. You can think of each--the record volume and the babble of financial chatter--as a generalized form of heightened "liquidity."
Roger Lowenstein in "Drowning in Liquidity" from SmartMoney (July 2000)Statistics are like bikinis. What they reveal is suggestive, but what they conceal is vital.
Aaron Levenstein
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