Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

Steve:
Has the perception that market is rotten in America and there is no reason to return unless things are reformed. I see many more of these down days intersperced with wicked 2 hr up streaks that are unsustainable.

The PPT blew its wad on WCOM last week and nothing left in tank to deal with Qwest news today. We are in free fall and there is no safety net below us. Surely, Dick, $25 M option man, Cheney is not the source of reform he is the actually the poster child for stock market CEO corruption.
Funds and foreign dollar holders have left the market not to return unless market becomes sure thing at cash book value.

Naz day traders determined the way Naz momo stocks behaved yesterday and today. No one is leaving any money on the table at eod so we are almost guaranteed new LOD every day until some sense of stability or value is acheived. Like I said, factors that lead to stability have left the house only other force is net value.