Zeev's Turnips Patch-No Politics (ZEEV)

[federal reserves]

I think we crash too.

The DOW looks just like the CHART in 1929. Back then the DOW made a new all time high, then suddenly dropped down through both the 50 and 200 DMA. This is just what happened in the DOW this summer. It then made a couple of attempts to rally back above the 50DMA and crapped out. Then as now a credit bubble fueled the economy and when the credit bubble collapsed the whole shebang came apart. I've never seen such a bunch of scared cattle on wall street. If the DOW suffers a bad day they all starting shouting at the FED to stem the tide.