LIQUIDITY ANALYSIS. ON KEN FISHER, PART III
. CNBC Street Smarts: Buyouts

Interviewed last night by Maria Bartiromo, investor Ken Fisher tells is like it is: "This market is uniquely ideal in modern history". According to Fisher, the unusually large gap between the after-tax earnings yield and bond yields has been in place for 55 months, something that "has never happened before". There is a reason why I keep mentioning Fisher every time he shows up for a CNBC interview: the liquidity boom, as captured by our own Global Dollar Liquidity Measure, has just entered its ... fifty-fourth month. This too has never happened before.