Zeev's Turnips Patch-No Politics (ZEEV)

[limtex]

There is clearly a recovery even if some of the earnings aren't up to the highest expectations, nevertheless corporate earnings and revenues are increasing.

Cap ex is expanding BTBs are increasing and execs sound more upbeat than htey ahve for three years and they have the three year bear to remember.

So little market swoons to 1900 or the like will be hapening, if they happen, against a background of an improving economy a nice drip of interim announcments and the Fed firmly behind all of it ready to act and firmly at that.

That ought to make a difference from the last three years.

I just don't see fund managers buying stock to hold until the election. There are three qtrs announcements to go. With each one the institutions will become more cautious at least thats nmy guess.

We have just seen what happens when people wait for earnings and stocks had big drops on what were in some cases fantastic earnings. That is telling us something.

Anyway a tug of war between the Fed and an expanding economy and a bunch of nervous investors whose memories are recently seared with a three year bear market. That is a tug of war till the election.......