Zeev's Turnips Patch-No Politics (ZEEV)

[langostino]

what a moronic statement

"the whole market is woefully overvalued".

Back in late 2000, back when the Nasdaq was up around 3,500, I'm sure you would have declared the exact same thing. So just for fun, why don't you go check the chart for Symantec (SYMC). At the time the Naz was around 3,500, presumably it was one of those "woefully overvalued" stocks, selling then for a split-adjusted $9.

What the heck, it's only up 450% since then.

p.s. fed reserves is here for his own amusement and a sort of odd performance art, as if that wasn't obvious. I wouldn't take any of it at face value. There's plenty of good stuff there, but it's invariable exagerated, embellished, and produced by selective presentation of anecdotes and data.