Zeev's Turnips Patch-No Politics (ZEEV)

[Ace Hanlon]

I would not look for a sharp drop too quickly when the rally ends. Likely quite a bit of churning at high levels before a really bad break.

I still think the real reason for the strenght of this move is market conviction that the Fed will keep interest rates -- both long and short -- at current extraordinarily low levels for some time no matter how high stocks go.

This is the old Greenspan put multiplied exponentially.