Zeev's Turnips Patch-No Politics (ZEEV)

[robgera]

Zeev, could the overhang of terrorism ruin your spring to summer rally leading to the continuation of the secular bear market ? It seems that an increase in fuel costs will offset a portion of the one time tax refunds.

I'm considering calling it a year unless we have a severe correction in one of my industry groups. The institutional rotation has been too mild for me. I might have to wait for the panic mode maybe next year.

P.S. - Terrorists were beating up on Saudi Arabia and Turkey on a routine basis in prior years. I recently heard on a news program that Spain might only be the beginning.

Rob