Zeev's Turnips Patch-No Politics (ZEEV)

[limtex]

"all the way to the old support at $55/6" -- well what support was that exactly? At what looks like approaching $3 eps next year and with a growth rate to match if Q is going to have a P/E less than 20 I would have thought there would be many other things that had to be worried about....in that scenario seems to me we would be looking at a return to the lows of 2002. Maybe w are about to see single digit P/Es as cash gets shoveled out of all markets and onto the sidelines. The new paradigm might be no markets for the next decade as fear is indeed the new detrminant and no-one wants to go through a second serving of 2000- 2002.

Still as you say "you never know" but it beginning to look remarkably like it. Mr G putting up interest rates yet again before being sure of a well established recovery seems to have begun it all over again.

L