Zeev's Turnips Patch-No Politics (ZEEV)

[nevin]

Zeev, haven't posted you since days on SI, so hello again (trkn). Anyway been lurking here for some time and finally registered as a user.

I have a question about your prediction of a "nasty bear market" beginning some time in 2005. You always seem to have well thought out analysis for your predictions but I haven't seen any real elaboration on this subject. I guess I'm interested because I see things lined up in the opposite direction. The economy seems to be turning around (job additions are hitting around 100k per month, corporate earnings up, stock market up, consumer sentiment up etc.). So why, if things continue on this path, would the stock market decline or continue to languish in bear territory?

nevin