Zeev's Turnips Patch-No Politics (ZEEV)

[limtex]

ZH - isn't it just that there is no reason to buy stocks now. The next time will be the run-up before the next earnings if they are up to expectation.

But the next time people will be that much more cautious as the election approaches and the shadow of the administration of President Kelly begins to loom.

And so on for the June and Sept qrtrs.

There are only two glimmers of hope for the rally. First is Mr G who surely won't want to go down in history as having put a father and son out of the White House and also I guess Mr Bush must know that if the markets have a "correction" then he is going to be "correctded" out of office.

Secondly the economy might of its own just perform very well.

In the meantime my guess is the bear is back.

Best,

L