Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

Canny, turnips haven't been this bullish since last November!

Dow transport index reaches 5-yr. high ($TRAN) By Tomi Kilgore
NEW YORK (CBS.MW) -- The Dow Jones Transportation Average ($TRAN) was rallying 25 points to 3,219, reaching a 5-year high in intraday trading, as a slide in crude prices sparked a mid-afternoon rally. The index has now run up 5.8 percent in the past month and 17 percent from its mid-March low. The index reached a high of 3,223 earlier in the session, the highest price seen since August 1999. Crude futures were last down 1.80, or 4 percent, to $42.81 as traders began betting that Hurricane Ivan won't hurt oil output in the Gulf of Mexico and that OPEC will agree to raise its production quota next week