Zeev's Turnips Patch-No Politics (ZEEV)

[federal reserves]

FA> Thanks, I wouldn't want to be short now.

Too much unknown about the final disposition of the Stimulus and bail plan. If the policy makers grow a brain and actually put together a good plan the market may like it. FOr now though, I believe the market doesn't like what's been talked about in either and it also doesn't like "unknowns".

I've seen a lot of the Ewavers are all counting on a leg 5 down and new low, but leg 5's have been known to fail. We could easily score a double bottom and shoot on out of here like a motorcycle doing a wheely if the market likes the plan.

As far as all the layoffs, that is exactly what we need to hit bottom. We need business to cut back on production, inventories, and labor below the natural rate of demand. I believe consumers have already reduce demand below the natural rate. Sooner or later the natural rate will come back and recovery will take place as business will need to restart production and hire to keep up with demand.