Sterically stabilized latex supensions can exhibit, under some circumstances, an Ostwald-type flow curve at low shear rates, even though the suspension is thermodynamically stable. It is shown that the behavior can be explained by assuming that at low shear rates the formation of doublets by both brownian motion and the shearing process must be considered. Some doublets can separate slowly by brwnian motion, but the energy dissipation for the flow process (and, hence, the flow curve) must be calculated by determining the number of doublets which are separated by the shear field. The separation energy in this latter case is much higher than for brownian separation, since the shear field tears the particles apart in a time which is short compared to the relaxation time of the adsorbed polymer chains which confer stability on the system. Separation energies of about 5 kT are observed for PMMA systems stabilized by adsorbed polyethylene oxide.