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.
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