Zeev's Turnips Patch-No Politics (ZEEV)

[Public Heel]

There's the fundamental view of things (the market is ridiculously overpriced), and there's your view (which, I guess, is basically "technical"), then there's "the Market is completely manipulated" view, that paranoids like myself subscribe to.

The Manipulation School sees the near term thus: the PTB want the Market to go as high as possible. They don't mind very small corrections, but they don't want things to even get close to out of hand on the downside. They are pretty sure that Q3 earnings will bail them out, partly due to a better economy, but more due to cost-cutting, inventory-building and low expectations. Thus, they don't want the week between now and earnings season to allow much of a downside. They will keep the Naz comfortably over 1800, then ramp it over 2000 during earnings season.