Zeev's Turnips Patch-No Politics (ZEEV)

[longdong_63]

Belkin abandoned his Nasdaq 2,280 target because he noticed that money-supply growth had begun to contract as credit markets froze up -- an event that, in his words, has “drained the economy of bubble fuel

Two weeks ago, Belkin abandoned his yearlong (and initially very lonely) bullish posture and put on the fur. He expects the broad market indexes to sink significantly through the end of the year, led by cyclical industrial stocks, and does not see much of a recovery on the horizon for 2004.

No end target.