Zeev's Turnips Patch-No Politics (ZEEV)

[ItsAllCyclical]

I have lots of respect for Russell, but I think he puts way too much emphasis on Dow Theory and transports. Quite possible that just like the fabled ARMS index that it doesn't work this time. Yes financials have probably bottomed ST. Yes markets may have bottomed ST, but to open the door to new highs in the markets seems almost unfathomable. I guess it's possible, but if it happens I certainly won't attribute it to Dow Theory.

We appear to be approx 1/3 thru a bear market/credit crisis. Maybe less.