Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Everyone was telling me that the money supply future explosion (as a result of the fed rates reduction) will be "anticipated" by the markets. The old adage was exactly a reflection of that. One of the main reasons for the call was also a forecast (from late 1999, unfortunately, I cannot do a search on SI anymore into that period, but an "echo of that forecast is shown here #reply-11905009) of a recession in 2001, and since the market forecasts future recessions a good quarter or two ahead of time, that made sense, it also happened to b that the technical background after the January 3, 2001 explosion on the fed surprise rate cut deteriorated extremely rapidly (much more than right now for instance) so much that during the rest of the month I kept saying be out no later than 2:15 on January 30st or something like that (can't search SI that far but from post #reply-15099259 I picked up: "Unfortunately, my high for the year seems to be in early January, I still have 2850 to 3050 as a possibility on the Naz. On the Dow, I have a high just above 11,000. My low for the year was 1900, and I am still with it, I have an outside possibility that if 1900 is breached than we are going to go "cataclismic" to the October 1998 lows (around 1400). I'll try and develop a better model once we see what the Fed's, Asia and Europe are doing. I'll go and feed the turnips some good manure mixed with Champaign..." indicating that this "call" was based on many other factors. (just found a response to Bernie asking for an exact exit date #reply-15099259)