Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

Zeev- there are lots of reasons to be bearish
* record consumer and margin debt
* asset bubbles
* Roach's comment on Fed lock- can't raise (?) can't lower
* CA deficit nearly $700B, understated by taking Iraq and Afgh off the budget
* GSE crisis- will or will not the Fed bail them
* Record trade deficit- another $500B drain
* Coming crisis in Asia as Taiwan votes for independence on 14 March and now we agreed to sell them Aegis cruisers
* Rising terrorism and assassination risks in Pakistan, Iraq and Afghanistan
* Banking crisis in China- poor IPO activity pointing to problems there
* Unemployment rates of 12% in Germany,rising in France & Italy
- any one of these could send the market down 300 points in a heartbeat if they break IMTO